Company: LRHC
Filing Date: 2025-03-07
Form Type: DEF 14C
Source: 0001213900-25-021334
Chunk: 29

Company: La Rosa Holdings Corp.
Filing Date: 2025-03-07
Form: DEF 14C
Chunk 29
---
1/3 at each of the next two anniversaries of such grant date. Participants who terminate their relationship with the Company during the vesting period will forfeit any unvested RSUs. If the Participant is required upon the terms of the Profit Share Plans, but does not pay his or her annual or monthly dues pursuant to the 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. The Ultimate Plan Cap program shall be effective as of January 1, 2024, meaning agents who enroll or renew under the Profit Share Plans on or after January 1, 2024 and meet other requirements of this program, will be eligible to receive an RSU.

| c. | Recruiting: |

| I. | Participants in the Agent Equity Program                                                                                                
 will be eligible to receive an RSU if they (i) recruit agents who become agents of the Company and remain agents of the Company for     
 at least 12 consecutive months, and (ii) remain with the Company for at least 12 consecutive months. Such RSU will be granted to        
 a qualifying Participant on the last day of the month of the one-year anniversary of the date the Company verifies the such Participant 
 recruited the agent and is still with the Company (the “Recruitment Grant Date”). The RSU will be equivalent to $200                    
 on the Recruitment Grant Date for each agent recruited, and the RSU value will be converted into shares based on the VWAP of the        
 month of the Recruitment Grant Date based on the Company’s Common Stock on the Nasdaq Stock Market, rounded down to a whole             
 share. For example, if the Company verifies a Participant recruited an agent on June 20, 2024 and that agent is still with the Company  
 one year later, the Company will grant the Participant’s RSU on June 30, 2025. RSUs will vest in 3 ratable installments in              
 whole shares: 1/3 at the time of the Recruitment Grant Date, and 1/3 at each of the next two anniversaries of such grant date. Such     
 RSUs shall be granted for every agent recruited by a Participant that meet the eligibility criteria. Participants who terminate their   
 relationship with the Company during the vesting period will forfeit any unvested RSUs. If the Participant is required upon the terms   
 of the commission plan on which they are enrolled,