Company: LGN
Filing Date: 2025-08-15
Form Type: S-1
Source: 0001193125-25-181698
Chunk: 193

Company: Legence Corp.
Filing Date: 2025-08-15
Form: S-1
Chunk 193
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 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 a portion of the Series A Profits Interests will be 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 will be subject to substantially similar terms as the Series A Profits Interests, including the vesting and forfeiture conditions thereof. 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, see “Company 2025 Omnibus Incentive Plan” discussed below. Broad-Based Employee Benefits and Perquisites We provide the following benefits to our executive officers on the same basis as other eligible employees:

| • |     | health insurance (including for dental, vision and mental wellness); |

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| • |     | vacation, personal holidays and sick days; |

| • |     | life insurance and supplemental life insurance; |

| • |     | short-term and long-term disability; and |

| • |     | a 401(k) plan with matching contributions. |

We believe these benefits are generally consistent with those offered by other companies and specifically with those companies with which we compete for employees. Under our 401(k) savings plan, we match a portion of the funds set aside by the employee. The maximum match available under the 401(k) savings plan is 4% of the first