LA Rosa Holdings Corp.

09/20/2024 | Press release | Distributed by Public on 09/20/2024 14:29

Management Change/Compensation Form 8 K

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 19, 2024, on the approval of the Compensation Committee of the Board of Directors (the "Compensation Committee") of La Rosa Holdings Corp., a Nevada corporation (the "Company"), entered into Amendment No. 3 (the "Amendment") to that certain Amended and Restated Employment Agreement, dated April 29, 2022 (the "Employment Agreement"), between the Company and Joseph La Rosa, the Company's Chief Executive Officer.

The Amendment amends Sections 4.2 of the Employment Agreement by adding a subsection (d), pursuant to which Mr. La Rosa may be eligible to receive not only an annual bonus, but also other bonuses throughout the calendar year in the amount and based on the terms approved by the Compensation Committee in its sole and exclusive discretion.

The foregoing summary does not purport to be complete and is qualified in its entirety by the Amendment, copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.