Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 900

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 900
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v) compensation for all accrued
but unpaid and untaken vacation days. If Mr. Metzroth’s employment is terminated by the Company without cause or by him for good
reason, the Company will: (i) continue to pay his Salary for a period of six months, and (ii) pay him, in a single lump sum an amount
in cash equal to the pro-rated amount of any annual bonus for the number of days from the last anniversary date of the agreement to the
date of termination.

On September 30, 2024, Mr.
Metzroth resigned his position effective immediately. In addition, Mr. Metzroth did not exercise his stock options, which expired in
the fourth quarter of 2024.

65

Alex Santos

On January 10, 2022, we entered
into an employment agreement with Mr. Alex Santos, to serve as our Chief Technology Officer as of February 1, 2022. The term of the agreement
shall continue until it is terminated by either the Company or Mr. Santos upon 60 days prior written notice. In consideration of his services,
the Company is to pay Mr. Santos an annual salary of $180,000. Following the end of each calendar year beginning with the 2022 calendar
year, Mr. Santos is eligible to receive an annual bonus. Mr. Santos’ minimum guaranteed annual bonus shall be $15,000 payable in
quarterly installments. The Company granted to Mr. Santos 2,000 shares of restricted Common Stock, which shall vest on the one-year anniversary
of the effective date of the agreement. On each year thereafter, on the annual anniversary of the date of the effective date of the agreement,
the Company shall grant Mr. Santos an additional 2,000 shares of restricted Common Stock which shall vest on the one-year anniversary
of issuance.

Mr. Santos is also entitled
to receive other benefits generally available to other Company employees and he will be reimbursed for his documented and approved expenses
related to and for promoting the business of the Company. Mr. Santos is entitled to three weeks paid vacation per year.

The employment agreement contains
covenants of Mr. Santos concerning: (i) the confidentiality of Company information; (ii) the assignment of his work product to the Company;
(iii) his non-solicitation of Company clients or employees during his term of employment and for three years thereafter; and (iv) his
non-disparagement of the Company or its