Company: LGN
Filing Date: 2025-05-14
Form Type: DRS/A
Source: 0000950123-25-005247
Chunk: 188

Company: Legence Corp.
Filing Date: 2025-05-14
Form: DRS/A
Chunk 188
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 any vested Series A Profits Interests participate in distributions attributable to the appreciation in the fair market value of Legence Parent after their respective dates of grant. |

| (5) | The amounts in this column represent the aggregate grant date value of Series A Profits Interests, calculated                                                                                     
 in accordance with FASB ASC Topic 718, utilizing the assumptions set forth in ”Note 12—Member’s Equity” in the Notes to Consolidated Financial Statements appearing elsewhere in this prospectus. |

126

Confidential Treatment Requested by Legence Corp.

Pursuant to 17 C.F.R. Section 200.83

Narrative Description to the Summary Compensation Table and the Grant of Plan-Based Awards Table for the 2024 Fiscal Year

Employment Agreements and Offer Letters

We have entered into employment agreements with each of our named executive officers. The descriptions of the employment agreements set forth
below are summaries of the material features of the agreements, including with respect to potential payments upon a termination of employment. This summary, however, does not purport to be a complete description of all the provisions of the
agreements that we have entered into with our named executive officers. This summary is qualified in its entirety by reference to the employment agreements, which will be filed as exhibits to this registration statement.

In April 2019, Therma Services LLC, a Legence company, (“Therma”) entered into an employment agreement with Mr. Sprau. The
agreement has an initial two-year term that automatically renews in two-year increments unless either party provides written notice of nonrenewal not less than 60 days
prior to the expiration of the then-current term, or unless otherwise terminated in accordance with the terms of the employment agreement. The agreement provides Mr. Sprau with an annual base salary of $600,000 (subject to reasonable adjustment
from time to time), annual bonus opportunity, the opportunity to co-invest in Therma, eligibility to receive a transaction bonus upon a sale of Therma within one year of the effective date of the employment
agreement (based on the EBITDA valuation of Therma at the time of the sale) (which opportunity is no longer in effect), a temporary housing allowance, a car allowance, eligibility to participate in customary employee benefits and the following
restrictive covenants: (i) perpetual nondisclosure of confidential information, (ii) perpetual assignment of inventions developed during employment that relate to the Company’s business, (iii) during the