Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 195

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 195
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 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 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.In connection with 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 |

| • |     |