I think I understand your question. First of all you can still pre-order your iphone, which means that it will be reserved for you to pick up when the iphone is released. However on the day it is released 6/24 and you decide to move your phone number from Verizon to A T&T then this process is called porting your number or moving your cell phone number to A T&T.
However if you do decide to move your cell phone number to A T&T on 6/24, A T&T will handle the transfer of your cell phone number and contact Verizon Wireless for you. But in your case you still have one full year on your contract with Verizon and so Verizon will send you a bill for the early termination fee and your current monthly bill if you switch to A T&T on 6/24.
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