Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1993

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 6
Chunk 1993
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outside of any established equity plan of the Company in the amounts, within the timeframes and under the terms set by the Compensation
Committee in its sole discretion. Mrs. La Rosa will be reimbursed for her reasonable, documented and approved expenses related to and
for promoting the business of the Company. Mrs. La Rosa is entitled to five weeks’ vacation per year. 

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The employment agreement contains
covenants of Mrs. La Rosa concerning: (i) the confidentiality of Company information; (ii) the assignment of her work product to the Company;
(iii) her non-solicitation of Company clients or employees during her term of employment and for two years thereafter; and (iv) her non-disparagement
of the Company or its directors, officers and employees.

If her employment is terminated
under any circumstances other than a termination by the Company without cause or a termination by him for good reason (including a voluntary
termination by Mrs. La Rosa without good reason or a termination by the Company for cause or due to Mrs. La Rosa’s death or disability),
the Company’s obligations under the employment agreement will immediately cease and Mrs. La Rosa will only be entitled to receive:
(i) the Salary that has accrued and is unpaid and to which Mrs. La Rosa is entitled as of the effective date of such termination and to
the extent consistent with general Company policy; (ii) unreimbursed business expenses for which expenses Mrs. La Rosa has timely submitted
appropriate documentation; (iii) any target bonus earned and approved by the Board but not yet paid; (iv) any amounts or benefits to which
she is then entitled under the terms of the benefit plans then-sponsored by the Company; and (v) any other payments required by applicable
law.

If Mrs. La Rosa’s employment
is terminated by the Company without cause or by her with good reason, the Company shall: (i) continue to pay her Salary for a period
of six months, and (ii) pay her, in a single lump sum all Accrued Obligations (as defined in the employment agreement).

Outstanding Equity Awards at Fiscal Year-End

The following table sets forth
information concerning outstanding equity awards held by the NEOs of the Company as of December 31, 2024:

    Option Awards  
    Stock Awards 
  
    Name 
    Number of securities underlying unexercised options (#) exercisable 
    Number of securities underlying unexercised options