Company: LGN
Filing Date: 2025-12-09
Form Type: S-1
Source: 0001193125-25-312729
Chunk: 183

Company: Legence Corp.
Filing Date: 2025-12-09
Form: S-1
Chunk 183
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 are defined the Series A Plan), in which case the non-competition covenant will have a term for the longer 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-disparagement covenant 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 IPO, a portion of the Series A Profits Interests were rolled over to
Legence Parent II pursuant to the Corporate Reorganization in the form of equity interests in Legence Parent II. For more information, see the section entitled “Corporate Reorganization.” Such equity interests in Legence Parent II are
subject to substantially similar terms as the Series A Profits Interests, including the vesting and forfeiture conditions thereof.

2025 Equity Incentive Plan.In connection with the IPO, we implemented the Company 2025 Omnibus Incentive Plan, or 2025 Plan. Our 2025
Plan allows for the grant of equity incentives