Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 210

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 210
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. Only individuals who provide
their social security number to the Company’s Stock Plan Administrator software are eligible. No business entities can participate
in the Amended Agent Plan.

The Amended Agent Plan had
two components:

    (1)
    Agent Equity Program: The Company’s Agent Equity Program (the “Agent Equity Program”) includes the following two components:

    a.
    Blue Diamond: Participants in the Agent Equity Program who: (i) close more
    than 20 sale transactions or make more than $6,000,000 gross sales volume in verified listing or buy-side transactions (the “Milestones,”
    and each a “Milestone”) with the Company and its Majority Subsidiaries in a given fiscal year, and (ii) remain with the
    Company for at least 12 consecutive months thereafter, will receive RSUs equivalent to $2,000 based on the prior 30-day volume weighted
    average closing price (“VWAP”) of the Company’s Common Stock on the Nasdaq Stock Market as of the last trading
    day prior to the Grant Date (as defined below), rounded down to a whole share. Awards will be granted to qualifying Participants
    on the last trading day of the month of the first anniversary of the date the Company verifies a Milestone has been achieved (the
    “Grant Date”). For example, if the Company verifies a Milestone has been achieved on April 12, 2024, the Company will
    grant the Participate RSUs on April 30, 2025. RSUs will vest in 24 equal installments starting the month following the Grant Date,
    with any remainder, if any, added to the last month of the vesting schedule. Participants who terminate their relationship with the
    Company during the vesting period will forfeit any unvested RSUs. If the Participant does not pay his or her annual or monthly dues
    pursuant to that certain independent contractor agreement signed by such agent and the Company or its Majority Subsidiary within
    60 days of the due date, all remaining unvested RSUs will be forfeited.

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    b.
    Recruiting:

1.Participant will receive RSUs that will have a value of $200 per agent
recruited based on the prior 30-day VWAP of the Company’s Common Stock on the Nasdaq Stock Market as of the last trading day prior
to the date of the grant, rounded down to a whole share