Company: LGN
Filing Date: 2025-07-15
Form Type: DRS/A
Source: 0000950123-25-006399
Chunk: 192

Company: Legence Corp.
Filing Date: 2025-07-15
Form: DRS/A
Chunk 192
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 of (x) one year following the named executive officer’s termination of employment, and (y) the period during which the named executive officer is entitled to receive severance payments, if any, from Legence Parent or any of or its direct or indirect subsidiaries). In addition, the non-disparagementcovenant with Mr. Sprau provides that, during his employment and for 12 months thereafter, the Company agrees to counsel its board members, directors and officers not to disparage Mr. Sprau. Forfeiture and Repurchase Rights.If (i) the named executive officer’s employment or service is terminated for “cause” (as defined in the Series A Plan) or the named executive officer voluntarily resigns where grounds for cause exist or (ii) the named executive officers resigns without “good reason” (as defined in the Series A Plan), then all Series A Profits Interests (whether vested or unvested) held for the benefit of the named executive officer will be automatically canceled and forfeited for no consideration, unless the named executive officer resigns without good reason (other than at a time when cause exists) at a time when all of the Time Interests under any particular Series A Profits Interest award agreement are fully vested, in which case such Time Interests will not be forfeited and will be retained by the named executive officer. All or any portion of such retained Time Interests may be repurchased by Legence Parent for one year following the named executive officer’s termination of employment or service for a purchase price equal to 80% of the fair market value for such interests as of the date of the named executive officer’s termination of employment. Treatment of Series A Profits Interests.In connection with the offering, we expect that all Series A Profits Interests will remain outstanding, but a portion of such Series A Profits Interests will be rolled over to Aggregator II pursuant to the Corporate Reorganization. The terms of the Series A Profits Interests will remain substantially the same regardless of whether such Series A Profits Interests are in Aggregator I or Aggregator II following the Corporate Reorganization. 2025 Equity Incentive Plan.Effective upon the completion of this offering, we will implement the Company 2025 Omnibus Incentive Plan, or 2025 Plan. Our 2025 Plan will allow for the grant of equity incentives, such as grants of stock options, restricted stock, restricted stock units and stock appreciation rights. For more information relating to our 2025 Plan