EXHIBIT 10(c)

ACUITY BRANDS, INC.
2002 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

(Effective As of January 1, 2003)

(As Amended and Restated Effective July 1, 2019,
except where otherwise noted)

1

--------------------------------------------------------------------------------

ACUITY BRANDS, INC.
2002 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

PREAMBLE
The Acuity Brands, Inc. 2002 Supplemental Executive Retirement Plan (“Plan”) is
designed to be a supplemental retirement plan covering a select group of
management and highly compensated employees of Acuity Brands, Inc. (the
“Company”) and its Subsidiaries. The benefits under the Plan are unfunded and
all amounts payable under the Plan shall be paid from the general assets of the
Employer which employs the Participant. The effective date of the amended and
restated Plan as set forth herein is July 1, 2019 (“Effective Date”), except
where otherwise noted.

2

--------------------------------------------------------------------------------

TABLE OF CONTENTS
ARTICLE I DEFINITIONS AND
CONSTRUCTION...........................................................1
1.1
Definitions......................................................................................................    1

(a)
Accrued
Benefit...............................................................................1

(b)
Act....................................................................................................2

(c)
Actuarial (or Actuarially)
Equivalent...............................................2

(d)
Administrator....................................................................................2

(e)
Authorized Leave of
Absence...........................................................2

(f)
Annual
Bonus....................................................................................2

(g)
Average Annual
Compensation.........................................................2

(h)
Beneficiary.........................................................................................2

(i)
Board.................................................................................................3

(j)
Break in
Service................................................................................3

(k)
Company...........................................................................................3

(l)
Compensation...................................................................................3

(m)
Disability Retirement
Date...............................................................3

(n)
Early Retirement
Date......................................................................3

(o)
Effective
Date...................................................................................3

(p)
Executive
Officer..............................................................................3

(q)
Fiduciaries........................................................................................3

(r)
Late Retirement
Date.......................................................................4

(s)
Normal Retirement
Date..................................................................4

(t)
NSI...................................................................................................4

(u)
Participant........................................................................................4

(v)
Plan..................................................................................................4

(w)
Plan
Year..........................................................................................4

(x)
Prior
Plan.........................................................................................4

(y)
Retirement
......................................................................................4

(z)
Surviving
Spouse............................................................................4

(aa)
Termination
Date.............................................................................4

(bb)
Total and Permanent
Disability.......................................................4

(cc)
Vested
Terminee..............................................................................4

(dd)
Year of Credited
Service.................................................................4

(ee)
Pre-Section 409A
Benefit...............................................................5

(ff)
Section
409A..................................................................................5

(gg)
Section 409A
Benefit......................................................................5

(hh)
Unforeseeable
Emergency..............................................................5

1.2
Construction..................................................................................................5

ARTICLE II PARTICIPATION, CREDITED SERVICE, AND BREAK IN SERVICE....6
2.1
Eligibility for
Participation..........................................................................6

(a)
In
General.....................................................................................6

(b)
Special
Eligibility.........................................................................6

2.2
Break in
Service..........................................................................................6

2.3
Participants
Bound......................................................................................6

2.4
Transfers......................................................................................................6

3

--------------------------------------------------------------------------------

(a)
When Employee Becomes Executive Officer..............................6

(b)
Accrued Benefit Upon Transfer To A Non-Eligible Status..........7

ARTICLE III RETIREMENT AND TERMINATION
DATES..........................................8
3.1
Normal Retirement
Benefit.........................................................................8

3.2
Late Retirement
Benefit..............................................................................8

3.3
Early Retirement
Benefit.............................................................................8

3.4
Disability Retirement
Benefit......................................................................9

3.5
Vested Terminee
Benefit..............................................................................9

3.6
Termination Prior to Completion of Three (3) Years of Credited Service.10

3.7
Form of Payment of Standard Accrued Benefit or Modified

Accrued
Benefit..........................................................................................10
3.8
Form of Payment of Incremental Accrued Benefit or Supplemental Accrued
Benefit    ........................................................................................................10

3.9
Pre-Section 409A
Benefit...........................................................................10

3.10
Payments to Specified
Employees............................................................. 11

3.11
Payments Due to Unforeseeable
Emergency:.............................................11

ARTICLE IV PRE-RETIREMENT DEATH
BENEFITS..................................................12
ARTICLE V PLAN
FINANCING......................................................................................13
5.1
Payment of Costs and
Expenses..................................................................13

ARTICLE VI FIDUCIARY
RESPONSIBILITIES.............................................................14
6.1
Allocation of Responsibility Among
Fiduciaries........................................14

6.2
Fiduciary
Duties..........................................................................................14

6.3
Company Filing
Responsibility...................................................................14

ARTICLE VII
ADMINISTRATION...................................................................................15
7.1
General
Duties.............................................................................................15

7.2
Application and Forms For
Benefit.............................................................15

7.3
Facility of
Payment......................................................................................16

7.4
Rules and
Decisions.....................................................................................16

7.5
Company to Furnish
Information................................................................16

7.6
Administrator to Furnish Other
Information...............................................16

ARTICLE VIII SUCCESSOR
COMPANY........................................................................17
ARTICLE IX PLAN
TERMINATION...............................................................................18
ARTICLE X
TRUST...........................................................................................................19
ARTICLE XI AMENDMENTS AND ACTION BY
COMPANY......................................20
ARTICLE XII
MISCELLANEOUS....................................................................................21
12.1
Nonguarantee of
Employment.....................................................................21

12.2
Rights Under
Plan........................................................................................21

12.3
Nonalienation of
Benefits............................................................................21

4

--------------------------------------------------------------------------------

12.4
Headings for Convenience
Only..................................................................21

12.5
Multiple
Copies...........................................................................................21

12.6
Governing
Law............................................................................................21

12.7
Guarantee of
Performance...........................................................................21

12.8
Payment of Legal
Fees................................................................................21

12.9
Section
409A...............................................................................................22

ARTICLE XIII CHANGE IN
CONTROL..........................................................................23
13.1
Cause............................................................................................................23

13.2
Change in
Control........................................................................................23

13.3
Termination of
Employment........................................................................24

13.4
Plan Termination Upon a Section 409A Change in Control Event..............24

13.5
Amendment or
Termination.........................................................................25

SCHEDULE 1
SCHEDULE 2
APPENDICES

5

--------------------------------------------------------------------------------

ARTICLE I
DEFINITIONS AND CONSTRUCTION

1.1 Definitions: Where the following words and phrases appear in this Plan, they
shall have the meanings set forth below, unless the context clearly indicates to
the contrary:

(a)Accrued Benefit: Except with respect to any Participant listed on Schedule 2
hereto, with respect to any Participant at any time a monthly benefit payable
for 180 months only, commencing on the Participant’s Normal Retirement Date, in
an amount equal to the sum of (i), (ii) and (iii) below:

(i)the product of 1.6% of the Participant’s Average Annual Compensation
multiplied by the Participant’s Years of Credited Service up to a maximum of ten
(10) years, divided by twelve (12); provided, that for Participants who are
active employees on January 1, 2009, the monthly benefit payable commencing at
Normal Retirement Date shall be an amount equal to the product of 1.8% of the
Participant’s Average Annual Compensation multiplied by the Participant’s Years
of Credited Service up to a maximum of ten (10) years, divided by twelve (12);
provided, that for Participants who are active employees of either the Company
or Adopting Employers on October 23, 2012, the monthly benefit payable
commencing on the Normal Retirement Date shall be an amount equal to the product
of 2.8% of the Participant’s Average Annual Compensation multiplied by the
Participant’s Years of Credited Service up to a maximum of ten (10) years,
divided by twelve (12) (the “Standard Accrued Benefit”); plus

(ii)with respect to Participants who are active employees of either the Company
or Adopting Employers on June 26, 2015 (or who first become a Participant on or
after June 26, 2015), a supplemental benefit equal to the product of 1.4% of the
Participant’s Average Annual Compensation multiplied by the Participant’s Years
of Credited Service up to a maximum of ten (10) years, divided by twelve (12)
(the “Incremental Accrued Benefit”); plus

(iii)with respect to Participants who are actively employed in the capacity of
the Company’s Chief Executive Officer or the Company’s Chief Financial Officer
on July 1, 2019, a supplemental benefit equal to the product of 1.4% of the
Participant’s Average Annual Compensation multiplied by the Participant’s Years
of Credited Service up to a maximum of ten (10) years, divided by twelve (12)
(the “Supplemental Accrued Benefit”).

With respect to any Participant listed on Schedule 2 hereto who first becomes a
Participant on or after September 1, 2019 and who has been both an active
employee of either the Company or Adopting Employer and an eligible participant
in the Acuity Brands, Inc. 2005 Supplemental Deferred Savings Plan for a period
of at least 10 years, the Participant’s Accrued Benefit is a monthly benefit
payable for 180 months only, commencing on the Participant’s Normal Retirement
Date, in an amount equal to the product of 2.8% of the Participant’s Average
Annual Compensation multiplied by the Participant’s Years of Credited Service up
to a maximum of ten (10) years, divided by twelve (12) (the “Modified Accrued
Benefit”).
The maximum number of Years of Credited Service a Participant can accrue under
the Plan is ten (10) years, provided that Compensation earned after a
Participant has completed ten (10) Years of Credited Service shall be counted
for purposes of determining the Participant’s Accrued Benefit if counting such
Compensation would increase the Participant’s Accrued Benefit.
Notwithstanding the foregoing, if a Participant who received a distribution or
distributions following his Termination Date or Retirement is re-employed and
again becomes an active Participant, such Participant’s

1

--------------------------------------------------------------------------------

Accrued Benefit, as computed pursuant to this Section, shall be reduced by the
monthly Accrued Benefit amount that is the Actuarial Equivalent of the
distribution(s) made to the Participant.
Effective January 1, 2005, the Participant’s Accrued Benefit set forth in
Section 1.1(a)(i) shall, for certain purposes under the Plan as indicated under
the appropriate section, be divided between his Pre-Section 409A Benefit and his
Section 409A Benefit. Except as indicated in such specific sections, the
Participant’s Accrued Benefit shall be treated as a single benefit.
(b)Act: Public Law No. 93-406, the Employee Retirement Income Security Act of
1974, as amended from time to time.
(c)Actuarial (or Actuarially) Equivalent: A benefit of equivalent value
determined using an interest rate equal to (i) with respect to any Pre-Section
409A Benefit, 7% per annum, and with respect to any Section 409A Benefit, the
lesser of 2.5% per annum or the yield on 10-Year U.S. Treasury Bonds, and (ii)
the mortality table prescribed by the Commissioner of Internal Revenue pursuant
to Rev. Rul. 95-6 (as hereafter amended or modified).
(d)Administrator: The Company and any person or committee designated by the
Company to perform all or a portion of the duties and responsibilities of the
Administrator under the Plan.
(e)Authorized Leave of Absence: Any absence authorized by the Company under the
Company’s standard personnel practices, provided that the Participant returns
within the period specified in the Authorized Leave of Absence.
(f)Annual Bonus: The amount awarded an Executive under the Company’s annual
bonus program, subject to the provisions and limitations contained in Section
1.1(l) of the Plan.
(g)Average Annual Compensation: The applicable annual amount shall be the
average of the Participant’s Compensation for the three highest, consecutive
calendar years preceding the Participant’s date of Retirement, death or other
termination of employment.
(h)Beneficiary: The person or persons last designated in writing by the
Participant on a form provided by the Administrator to receive benefits under
Section 3.7 or Article IV of the Plan in the event of the Participant’s death.
If no designation of Beneficiary shall be in effect at the time of a
Participant’s death or if all designated Beneficiaries shall have predeceased
the Participant, then the Beneficiary shall be the Participant’s Surviving
Spouse or if there is no such Surviving Spouse, the Participant’s estate or
legal representative.
(i)Board: The Board of Directors of Acuity Brands, Inc. or its Executive
Committee.
(j)Break in Service: An event which results in the cancellation of a
Participant’s previous Credited Service as provided in Section 2.2.
(k)Company: Company shall mean Acuity Brands, Inc. (or its successor or
successors). Affiliated or related employers are permitted to adopt the Plan
with the consent of the Company and shall be known as “Adopting Employers.” To
the extent required by certain provisions (e.g., determining Average Annual
Compensation and Credited Service), references to the Company shall include the
Adopting Employer of the Participant. Adopting Employers are listed on Schedule
1.
(l)Compensation: Subject to adjustment as provided in the next sentence,
“Compensation” shall be the Participant’s salary and wages for each calendar
year during which he is employed as an Executive Officer of the Company, and any
Annual Bonuses awarded during such year. In either case, Compensation and Annual
Bonuses shall include any amounts which shall be voluntarily deferred by the
Participant under any salary or bonus deferral or reduction program (whether
qualified or non-qualified) which may be instituted by the Company, but shall
not include any earnings or Company match on these deferred amounts, or payments
from such programs or payments from any similar salary deferral or bonus
deferral programs, or any income from stock options, restricted stock or similar
grants. A Participant’s Compensation and Annual Bonuses for

2

--------------------------------------------------------------------------------

calendar years prior to the Effective Date during which he was employed as an
Executive Officer shall be credited under this Plan.
(m)Disability Retirement Date: The day next following the day on which the
Participant is deemed to have a Total and Permanent Disability.
(n)Early Retirement Date: The first day of the month following the Participant’s
attainment of age 55 and completion of three (3) Years of Credited Service.
(o)Effective Date: The effective date of the amended and restated Plan is July
1, 2019, except where otherwise noted. The Plan was initially effective as of
January 1, 2003.
(p)Executive Officer: Any person who, on or after the Effective Date, is
classified by the Company as an executive officer of the Company and who is
receiving remuneration for personal services rendered to the Company (or would
be receiving such remuneration except for an Authorized Leave of Absence), and
any other officer of the Company (or an Adopting Employer) designated by the
Board as eligible to participate in the Plan and who is listed on an Appendix
attached hereto.
(q)Fiduciaries: The Company and the Administrator, but only with respect to the
specific responsibilities of each for Plan administration, all as described in
Article VI.
(r)Late Retirement Date: The first day of the calendar month coinciding with or
next following the date of a Participant’s Retirement subsequent to such
Participant’s Normal Retirement Date.
(s)Normal Retirement Date: The first day of the month following the
Participant’s attainment of age 60.
(t)NSI: National Service Industries, Inc., a Delaware corporation, and the
corporation from which the Company was spun-off on November 30, 2001.
(u)Participant: An Executive Officer participating in the Plan in accordance
with the provisions of Section 2.1.
(v)Plan: The Acuity Brands, Inc. 2002 Supplemental Executive Retirement Plan,
the Plan set forth herein, as amended from time to time.
(w)Plan Year: A twelve (12) month period beginning on January 1 and ending on
December 31.
(x)Prior Plan: The Acuity Brands, Inc. Supplemental Retirement Plan for
Executives in which certain participants in this Plan previously participated.
(y)Retirement: Termination of employment for reason other than death after a
Participant has fulfilled all requirements for Normal Retirement Benefit, Late
Retirement Benefit, Early Retirement Benefit, or Disability Retirement Benefit.
Retirement shall be considered as commencing on the day immediately following a
Participant’s last day of employment (or Authorized Leave of Absence, if later).
(z)Surviving Spouse: The individual to whom a Participant is legally married on
the date of death.
(aa)Termination Date: The date of termination of an Executive’s employment with
the Company for reasons other than death or Retirement.
(bb)    Total and Permanent Disability: A physical or mental incapacity which
impairs the Participant’s ability to substantially perform his usual duties and
services for the Company for a period of six (6) months. The determination of
Total and Permanent Disability shall be made by the Administrator in its
discretion based upon the information provided to it and, with respect to a
Participant’s Section 409A Benefit, shall be made in a manner consistent with
the requirements of Section 409A.
(cc)    Vested Terminee: A Participant whose Termination Date occurs after the
completion of at least three (3) Years of Credited Service, but prior to
achieving eligibility for Retirement.
(dd)    Year of Credited Service: A Participant shall accrue one (1) Year of
Credited Service for each Plan Year during which he is actively employed as an
Executive Officer of the Company for

3

--------------------------------------------------------------------------------

the full Plan Year. During the Participant’s initial and final Plan Year as an
Executive Officer, the Participant will be credited with a decimal equivalent
expressed to two places of a fraction having a numerator equal to the number of
full months the Participant worked as an Executive Officer during such Plan Year
and a denominator of twelve (12). A Participant’s Credited Service as an
Executive Officer prior to the Effective Date shall be credited under this Plan.
The maximum number of Years of Credited Service a Participant can accrue under
the Plan is ten (10).
(ee)    Pre-Section 409A Benefit: The vested accrued benefit of the Participant
determined as of December 31, 2004 in accordance with rules established by the
Administrator consistent with the requirements of Section 409A.
(ff)    Section 409A: Section 409A of the Internal Revenue Code of 1986, as
amended, and the regulations and rulings thereunder.
(gg)    Section 409A Benefit: The Participant’s total Accrued Benefit under the
Plan minus the Participant’s Pre-Section 409A Benefit.
(hh)    Unforeseeable Emergency: Means a severe financial hardship of the
Participant resulting from (a) an illness or accident of the Participant, the
Participant's spouse, or the Participant's dependent; (b) a loss of the
Participant's property due to casualty; or (c) such other similar extraordinary
and unforeseeable circumstances arising as a result of events beyond the control
of the Participant, all as determined in the sole discretion of the Company.

1.2     Construction: The masculine gender, where appearing in the Plan, shall
be deemed to include the feminine gender, and the singular may include the
plural, unless the context clearly indicates to the contrary. The words
“hereof,” “herein,” “hereunder” and other similar compounds of the word “here”
shall mean and refer to the entire Plan, not to any particular provision or
Section.

ARTICLE II
PARTICIPATION, CREDITED SERVICE,
AND BREAK IN SERVICE
2.1    Eligibility for Participation:

(ab)In General: An Executive Officer shall become a Participant in this Plan on
the later of the Effective Date or the date he became an Executive Officer,
subject to the conditions and limitations provided for herein, provided that
James Balloun shall not be eligible to participate in this Plan. Unless
otherwise approved by the Board or unless the Executive Officer has waived all
benefits under such plan, an Executive Officer who is a participant in the
Acuity Brands, Inc. Supplemental Retirement Plan for Executives shall not be
eligible to become a Participant in this Plan.

A former Participant who is rehired may again become a Participant upon again
fulfilling the above requirements.
(ac)Special Eligibility- Any Executive Officer designated on an Appendix
attached hereto shall be eligible to participate in Plan on the date specified
in the Appendix and in accordance with the conditions and limitations provided
in such Appendix.

2.2    Break in Service: A Participant shall incur a Break in Service as the
result of the occurrence of a Termination Date or Retirement. Upon incurring a
Break in Service, a Participant’s rights and benefits under the Plan shall be
determined in accordance with his Credited Service and Average Annual
Compensation, and other applicable Plan provisions at the time of the Break in
Service. If a Participant who has incurred a Break in Service is later rehired
by the Company and becomes eligible to participate in the Plan, his prior

4

--------------------------------------------------------------------------------

Years of Credited Service shall only be counted for purposes of determining his
Accrued Benefit subsequent to rehire, if (i) at the time of his Break in Service
he had at least three (3) Years of Credited Service or was at least age 60, or
(ii) the period of his Break in Service is less than his prior Years of Credited
Service. If the Participant received payments from the Plan during his Break in
Service period, his Accrued Benefit shall be adjusted in the manner provided in
Section 1.1(a).

2.3    Participants Bound: Each Executive Officer becoming a Participant
hereunder shall be conclusively presumed for all purposes to have consented to
this Plan and any amendments, modifications or revisions hereto, and to all the
terms and conditions thereof, and shall be bound thereby with the same force and
effect as if he had entered into a contract to such effect and any amendments,
modifications or revisions hereto.

2.4    Transfers: The following rules shall apply when an Executive Officer
transfers to or from an Executive Officer position in the Company:

(ad)When Employee Becomes Executive Officer: An employee of the Company who
becomes an Executive Officer of the Company, will become a Participant under
this Plan in accordance with Section 2.1. The Executive Officer’s Compensation
for periods prior to the date he becomes a Participant in the Plan shall count
for purposes of this Plan, but his service with the Company or any affiliated
employer shall not be credited as Years of Credited Service unless otherwise
provided in an Appendix applicable to such Participant.

(ae)Accrued Benefit Upon Transfer To A Non-Eligible Status: If a Participant is
transferred to a non‑eligible status of employment within the Company, his
Accrued Benefit under this Plan will be determined as though his transfer were a
termination of employment, and the date of such termination of employment will
be deemed to be the date of his transfer. A Participant shall not be eligible to
receive benefits from this Plan until the Participant terminates employment with
the Company and all affiliated employers. A former Participant’s Compensation
and service after the date of transfer shall not be counted for any purposes
under this Plan unless otherwise provided in an Appendix applicable to such
former Participant.

ARTICLE III
RETIREMENT AND TERMINATION DATES

3.1    Normal Retirement Benefit: A Participant may retire on his Normal
Retirement Date, on which date he shall be fully vested. The Participant’s
Accrued Benefit as of his Normal Retirement Date (“Normal Retirement Benefit”)
shall commence on his Normal Retirement Date. The Participant’s Normal
Retirement Benefit shall consist of two components: (i) the Participant’s
Standard Accrued Benefit or, if applicable, Modified Accrued Benefit, paid in
the normal form described in Section 3.7 and (ii) if applicable, the
Participant’s Incremental Accrued Benefit and/or the Participant’s Supplemental
Accrued Benefit paid in the form elected by the Participant pursuant to Section
3.8.

3.2    Late Retirement Benefit: When permitted by Company policy, a Participant
may continue his employment beyond his Normal Retirement Date. The Participant’s
Accrued Benefit as of his Late Retirement Date (“Late Retirement Benefit”) shall
commence on his Late Retirement Date. The Participant’s Late Retirement Benefit
shall consist of two components: (i) the Participant’s Standard Accrued Benefit
or, if applicable, Modified Accrued Benefit, paid in the normal form described
in Section 3.7 and (ii) if applicable, the Participant’s Incremental Accrued
Benefit and/or the Participant’s Supplemental Accrued Benefit paid in the form
elected by the Participant pursuant to Section 3.8.

5

--------------------------------------------------------------------------------

3.3    Early Retirement Benefit: A Participant may retire after his 55th
birthday and the date of completion of at least three (3) Years of Credited
Service, but prior to his Normal Retirement Date, and be entitled to receive his
Accrued Benefit (“Early Retirement Benefit”) commencing as of the first day of
the calendar month coinciding with or next following the Participant’s 60th
birthday. Alternatively, a Participant may elect to commence his Early
Retirement Benefit (excluding any Pre-Section 409A Benefit) as of the first day
of the calendar month coinciding with or next following his Retirement, or as of
the first day of any subsequent calendar month which precedes his Normal
Retirement Date, provided (i) that any election to commence the Participant’s
Early Retirement Benefit prior to his Normal Retirement Date shall comply with
the election rules set forth below and (ii) that the Participant’s Early
Retirement Benefit, paid in the normal form, shall be reduced five-twelfths of
one percent (5/12 of 1%) for each full month or portion thereof by which the
commencement of the Early Retirement Benefit precedes the Participant’s Normal
Retirement Date.
The Participant’s Early Retirement Benefit shall consist of two components: (i)
the Participant’s Standard Accrued Benefit or, if applicable, Modified Accrued
Benefit, paid in the normal form described in Section 3.7 and (ii) if
applicable, the Participant’s Incremental Accrued Benefit and/or the
Participant’s Supplemental Accrued Benefit paid in the form elected by the
Participant pursuant to Section 3.8. The date the Participant elects to commence
his Early Retirement Benefit prior to his Normal Retirement Date shall, with
respect to the Participant’s Standard Accrued Benefit or, if applicable,
Modified Accrued Benefit, be made at the time he becomes a Participant in the
Plan (or made in accordance with the transition rules of Section 409A), and with
respect to the Participant’s Incremental Accrued Benefit and Supplemental
Accrued Benefit (to the extent applicable), be made prior to June 26, 2015 or
July 1, 2019, respectively. If permitted by the Administrator, the Participant
may, not less than 12 months prior to his Early Retirement Date, elect to change
the start date of his payments, provided that (i) only one such change is
permitted with respect to each of Participant’s Standard Accrued Benefit or, if
applicable, Modified Accrued Benefit, the Participant’s Incremental Accrued
Benefit and Supplemental Accrued Benefit (to the extent applicable), and after
such election change, such election is irrevocable, (ii) the payment date for
the Participant’s Early Retirement Benefit will be deferred for at least five
(5) years (but such delay shall not apply to his Normal Retirement Benefit); and
(iii) the election shall not be effective for 12 months.
3.4    Disability Retirement Benefit: A Participant who has completed at least
three (3) Years of Credited Service and who retires by reason of Total and
Permanent Disability shall be eligible to receive his Accrued Benefit
(“Disability Retirement Benefit”), commencing as of his Disability Retirement
Date. The amount of the Participant’s Disability Retirement Benefit shall be
equal to his Accrued Benefit as of his Disability Retirement Date, without
adjustment for commencement prior to his Normal Retirement Date. The
Participant’s Disability Retirement Benefit shall consist of two components: (i)
the Standard Accrued Benefit or, if applicable, Modified Accrued Benefit, paid
in the normal form described in Section 3.7 and (ii) if applicable, the
Incremental Accrued Benefit and/or the Supplemental Accrued Benefit paid in the
form elected by the Participant pursuant to Section 3.8.

3.5    Vested Terminee Benefit: A Participant who qualifies as a Vested Terminee
(as defined in Section 1.1(cc)) shall be entitled to a benefit (“Vested Terminee
Benefit”) equal to his Accrued Benefit, commencing as of the first day of any
calendar month coinciding with or next following the Participant’s 60th
birthday. Such a Participant may elect to commence his Vested Terminee Benefit
(excluding any Pre-Section 409A Benefit) as of the first day of any calendar
month after he attains age 55 and preceding his 60th birthday, provided (i) that
any election to commence the Participant’s Vested Terminee Benefit prior to his
60th birthday shall comply with the election rules set forth below and (ii) that
the Participant’s Vested Terminee Benefit, paid in the normal form, shall be
reduced five-twelfths of one percent (5/12 of 1%) for each full month or portion
thereof by which the commencement of the Vested Terminee Benefit precedes the
Participant’s 60th birthday.

6

--------------------------------------------------------------------------------

The Participant’s Vested Terminee Benefit shall consist of two components: (i)
the Participant’s Standard Accrued Benefit or, if applicable, Modified Accrued
Benefit, paid in the normal form described in Section 3.7 and (ii) if
applicable, the Participant’s Incremental Accrued Benefit and/or the
Participant’s Supplemental Accrued Benefit paid in the form elected by the
Participant pursuant to Section 3.8. The date the Participant elects to commence
his Vested Terminee Benefit prior to his 60th birthday shall, with respect to
the Participant’s Standard Accrued Benefit or, if applicable, Modified Accrued
Benefit, be made at the time he becomes a Participant in the Plan (or made in
accordance with the transition rules of Section 409A), and with respect to the
Participant’s Incremental Accrued Benefit and Supplemental Accrued Benefit (to
the extent applicable), be made prior to June 26, 2015 or July 1, 2019,
respectively. If permitted by the Administrator, the Participant may, not less
than 12 months prior to his Termination Date, elect to change the start date of
his payments, provided that (i) only one such change is permitted with respect
to each of the Participant’s Standard Accrued Benefit or, if applicable,
Modified Accrued Benefit, and the Participant’s Incremental Accrued Benefit and
Supplemental Accrued Benefit (to the extent applicable), and after such election
change, such election is irrevocable, (ii) the payment date for the
Participant’s Section 409A Benefit will be deferred for at least five (5) years;
and (iii) the election shall not be effective for 12 months.
3.6    Termination Prior to Completion of Three (3) Years of Credited Service:
Subject to Article XIII, and except in the event of a Participant’s death, Total
and Permanent Disability or attainment of his Normal Retirement Date, a
Participant whose Termination Date occurs prior to the completion of three (3)
Years of Credited Service shall be entitled to no benefits under this Plan.

3.7    Form of Payment of Standard Accrued Benefit or Modified Accrued Benefit:
The normal form of benefit payment for a Participant’s Standard Accrued Benefit
or, if applicable, Modified Accrued Benefit, shall be a monthly benefit paid for
180 months. If a Participant receiving benefit payments dies before 180 monthly
benefit payments have been made, benefit payments shall be continued to the
Participant’s Beneficiary until the sum of monthly payments to both the
Participant and his Beneficiary is 180. If the Participant’s Beneficiary dies
before a total of 180 payments have been made, the remaining payments shall be
made to the Participant’s estate or the Beneficiary’s estate, as indicated by
the Participant on the designation of beneficiary form provided by the
Administrator.

3.8    Form of Payment of Incremental Accrued Benefit or Supplemental Accrued
Benefit: The normal form of benefit payment for a Participant’s Incremental
Accrued Benefit and/or Supplemental Accrued Benefit (to the extent applicable)
shall be monthly installments paid for 180 months; provided, however, the
Participant (i) may elect prior to June 26, 2015 that his or her Incremental
Accrued Benefit be paid in an Actuarial Equivalent lump sum payment, and (ii)
may elect prior to July 1, 2019 that his or her Supplemental Accrued Benefit be
paid in an Actuarial Equivalent lump sum payment. If a Participant receiving
installment payments dies before 180 monthly benefit payments have been made,
benefit payments shall be continued to the Participant’s Beneficiary until the
sum of monthly payments to both the Participant and his Beneficiary is 180. If
the Participant’s Beneficiary dies before a total of 180 payments have been
made, the remaining payments shall be made to the Participant’s estate or the
Beneficiary’s estate, as indicated by the Participant on the designation of
beneficiary form provided by the Administrator.

3.9    Pre-Section 409A Benefit. Notwithstanding any provision in the Plan to
the contrary, the Administrator may, in its sole discretion, with respect to the
Participant’s Pre-Section 409A Benefit elect to offer additional payment options
for benefits under the Plan or the Administrator may elect to accelerate the
time and manner of payment of any benefits (including payment of a lump sum),
including any death benefits, paid under the Plan, provided that any such
alternative form of benefit payment shall be substantially equivalent (using the
Actuarial Equivalent factors in Section 1.1(c)) to the normal form of benefit
payment provided for in Section 3.7.

7

--------------------------------------------------------------------------------

3.10    Payments to Specified Employees. Notwithstanding the other provisions of
this Article III, if at the time of the Participant’s separation from service,
the Administrator determines that the Participant is a “specified employee,”
within the meaning of Code Section 409A, then payment of such benefit shall be
paid at the date which is the earlier of (i) six (6) months and one day after
such separation from service and (ii) the date of the Participant’s death (the
“Delay Period”). Upon the expiration of the Delay Period, all payments delayed
pursuant to this Section 3.10 shall be paid or provided to the Participant in a
lump-sum with interest at the prime rate as published by The Wall Street Journal
on the first business day of the Delay Period, and any remaining payments due
under this Agreement shall be paid or provided in accordance with the normal
payment dates specified for them herein.

3.11    Payments Due to Unforeseeable Emergency:

(a)    Request for Payment: If a Participant, regardless of pay status, suffers
an Unforeseeable Emergency, he or she may submit a written request to the
Administrator for payment of his or her vested Standard Accrued Benefit, and to
the extent applicable, his or her Modified Accrued Benefit, Incremental Accrued
Benefit and/or Supplemental Accrued Benefit.
    
(b)    No Payment If Other Relief Available: The Administrator will evaluate the
Participant's request for payment due to an Unforeseeable Emergency taking into
account the Participant's circumstances and the requirements of Section 409A of
the Code. In no event will payments be made pursuant to this Section 3.11 to the
extent that the Participant's hardship can be relieved:

(a) through reimbursement or compensation by insurance or otherwise; or
(b) by liquidation of the Participant's assets, to the extent that liquidation
of the Participant's assets would not itself cause severe financial hardship.
(c)    Limitation on Payment Amount: The amount of any payment made on account
of an Unforeseeable Emergency shall not exceed the amount reasonably necessary
to satisfy the Participant's financial need, including amounts necessary to pay
any Federal, state or local income taxes or penalties reasonably anticipated to
result from the payment, as determined by the Administrator.

(d)    Timing of Payment: Payments shall be made from a Participant's Standard
Accrued Benefit, and to the extent applicable, his or her Modified Accrued
Benefit, Incremental Accrued Benefit and/or Supplemental Accrued Benefit as soon
as practicable and in any event within thirty (30) days following the
Administrator's determination that an Unforeseeable Emergency has occurred and
authorization of payment from the Participant's Standard Accrued Benefit,
Modified Accrued Benefit, Incremental Accrued Benefit and/or Supplemental
Accrued Benefit.

8

--------------------------------------------------------------------------------

ARTICLE IV

PRE-RETIREMENT DEATH BENEFITS

The pre-retirement death benefits payable following the death of a Participant
shall be determined as follows:
(a)    Death Prior to Eligibility for a Vested Terminee Benefit: No death
benefit is provided under this Plan for Participants who die prior to completing
the eligibility requirements for a Vested Terminee benefit.

(b)    Death After Attaining Eligibility for Vested Terminee Benefit: If a
Participant dies while employed by the Company after completing the requirements
for a Vested Terminee Benefit, the Participant’s Beneficiary shall be paid the
amount which would have been payable to the Participant had the Participant
terminated employment immediately prior to the date of his death, with such
payments commencing on the first day of the calendar month coinciding with or
next following the date which would have been the deceased Participant’s 60th
birthday. The Participant’s Beneficiary shall receive the Participant’s Standard
Accrued Benefit (or, if applicable, Modified Accrued Benefit) paid in 180
monthly payments under the normal form described in Section 3.7 and, if
applicable, the Participant’s Incremental Accrued Benefit and Supplemental
Accrued Benefit paid in the form elected by the Participant pursuant to Section
3.8. If the Participant’s Beneficiary dies before receiving all monthly
payments, the remaining payments shall be made to the Participant’s estate or
the Beneficiary’s estate, as indicated by the Participant on the designation of
beneficiary form provided by the Administrator. If the Participant terminates
employment after satisfying the requirements for a Vested Terminee benefit but
dies prior to the date his benefit commences, he shall be covered by the death
benefit provisions of this subsection (b).

(c)    Death After Attaining Eligibility for Early or Normal Retirement Benefit:
If a Participant dies while employed by the Company after completing the
eligibility requirements for an Early Retirement Benefit or Normal Retirement
Benefit, the Participant’s Beneficiary shall be paid the amount (including any
reduction for early commencement of benefits) which would have been payable to
the Participant under this Plan had the Participant retired immediately prior to
the moment of his death, with such payments commencing on the first day of the
month following the date of death of the Participant. The Participant’s
Beneficiary shall receive the Participant’s Standard Accrued Benefit (or, if
applicable, Modified Accrued Benefit) paid in 180 monthly payments under the
normal form described in Section 3.7 and, if applicable, the Participant’s
Incremental Accrued Benefit and Supplemental Accrued Benefit paid in the form
elected by the Participant pursuant to Section 3.8. If the Participant’s
Beneficiary dies before receiving the 180 monthly payments, the remaining
payments shall be made to the Participant’s estate or the Beneficiary’s estate,
as indicated by the Participant on the designation of beneficiary form provided
by the Administrator. If the Participant terminates employment after satisfying
the requirements for Early Retirement Benefits but delays commencement of his
benefits, he shall be covered by the death benefit provisions of this subsection
(c) until his benefit payments commence.

9

--------------------------------------------------------------------------------

ARTICLE V

PLAN FINANCING
5.1    Payment of Costs and Expenses: All costs of providing the benefits under
the Plan and the expenses thereof, including the cost of the Administrator and
any actuary, shall be paid from the general assets of the Company (or with
respect to Participants employed by an Adopting Employer, from the general
assets of such Adopting Employer).

10

--------------------------------------------------------------------------------

ARTICLE VI
FIDUCIARY RESPONSIBILITIES

6.1    Allocation of Responsibility Among Fiduciaries: The Fiduciaries shall
have only those specific powers, duties, responsibilities and obligations as are
specifically given them under this Plan. In general, the Company shall have the
responsibility for providing the benefits payable under this Plan; to appoint an
Administrator if it so desires; and to amend or terminate, in whole or in part,
this Plan. The Administrator shall have the responsibility for the duties set
forth in Article VII. Each Fiduciary warrants that any directions given,
information furnished, or action taken by it shall be in accordance with the
provisions of the Plan authorizing or providing for such direction, information
or action. Furthermore, each Fiduciary may rely upon any such direction,
information or action of another Fiduciary as being proper under this Plan, and
is not required under this Plan to inquire into the propriety of any such
direction, information or action. It is intended under this Plan that each
Fiduciary shall be responsible for the proper exercise of its own powers,
duties, responsibilities and obligations under this Plan and shall not be
responsible for any act or failure to act of another Fiduciary. No Fiduciary
guarantees the payment of benefits under this Plan in any manner.

6.2    Fiduciary Duties: All Fiduciaries hereunder shall discharge their duties
with respect to the Plan solely in the interest of the Participants and
Beneficiaries, and
(a)    for the exclusive purpose of providing benefits to Participants and their
Beneficiaries and defraying reasonable expenses of administering the Plan;
(b)    with the care, skill, prudence and diligence under the circumstances then
prevailing that a prudent man acting in a like capacity and familiar with such
matters would use in the conduct of an enterprise of a like character and with
like aims; and
(c)    in accordance with the documents and instruments governing the Plan
insofar as such documents and instruments are consistent with the provisions of
Title I of the Act.
6.3    Company Filing Responsibility: To the extent not otherwise specifically
provided in the Plan, the Company shall be responsible for filing with the
Internal Revenue Service and Department of Labor any returns, reports and other
documentation required under the Act.

ARTICLE VII
ADMINISTRATION

7.1    General Duties: The Administrator shall enforce the Plan, and shall have
all powers necessary to accomplish that purpose, including, but not by way of
limitation, the following:

(a)    to construe and interpret the Plan, decide all questions of eligibility
and determine the amount, manner and time of payment of any benefits hereunder
and to notify the Participant and the Company, where appropriate;
(b)    to adopt By-Laws and rules as it deems necessary, desirable or
appropriate;
(c)    to prescribe procedures to be followed by Participants or Beneficiaries
filing applications for benefits;
(d)    to prepare and distribute, in such manner as the Committee determines to
be appropriate, information explaining the Plan;

11

--------------------------------------------------------------------------------

(e)    to receive from the Company and from Participants such information as
shall be necessary for the Administrator to perform its duties hereunder;
(f)    to furnish the Company, upon request, such annual reports as are
reasonable and appropriate with respect to the Administrator’s duties hereunder;
(g)    to receive, review and keep on file (as it deems convenient or proper)
reports of the receipts and disbursements of the Plan;
(h)    to appoint or employ individuals to assist in the administration of its
duties under the Plan and any other agents as it deems advisable, including
legal or actuarial counsel;
(i)    to evaluate a Participant's request for payment from his or her Standard
Accrued Benefit, and to the extent applicable, his or her Modified Accrued
Benefit, Incremental Accrued Benefit and/or Supplemental Accrued Benefit due to
an Unforeseeable Emergency and determine whether Participant has experienced an
Unforeseeable Emergency and approve the amount of any payment necessary to
satisfy the Participant's emergency need.
The Administrator shall have no power to add to, subtract from, or modify any of
the terms of the Plan, or to change or add to any benefits provided by the Plan,
or to waive or fail to apply any requirements of eligibility for any benefits
under the Plan. The Administrator shall have the exclusive discretionary
authority to construe and to interpret the Plan, to decide all questions of
eligibility for benefits and to determine the amount of such benefits, and its
decisions on such matters are final and conclusive.
7.2    Application and Forms For Benefit: The Administrator may require a
Participant to complete and file with the Administrator an application for
benefits and all other forms approved by the Administrator, and to furnish all
pertinent information requested by the Administrator. The Administrator may rely
upon all such information so furnished it, including the Participant’s current
mailing address.

7.3    Facility of Payment: Whenever, in the Administrator’s opinion a person
entitled to receive any payment of a benefit or installment thereof hereunder is
under a legal disability or is incapacitated in any way so as to be unable to
manage his financial affairs, the Administrator may direct the Company to make
payments to such person or to his legal representative or to a relative or
friend of such person for his benefit, or the Administrator may direct the
Company to apply the payment for the benefit of such person in such manner as
the Administrator considers advisable. Any payment of a benefit or installment
thereof in accordance with the provisions of this Section shall be a complete
discharge of the Administrator of any liability for the selection of such payee
or the making of such payment under the provisions of the Plan.

7.4    Rules and Decisions: When making any determination, the Administrator
shall be entitled to rely upon information furnished by the Company, legal
counsel for the Company, or the actuary.

7.5    Company to Furnish Information: To enable the Administrator to perform
its functions, the Company shall supply full and timely information to the
Administrator of all matters relating to the pay of all Participants, their
Retirement, death or other cause for termination of employment, and such other
pertinent facts as the Administrator may require.

7.6    Administrator to Furnish Other Information: To the extent not otherwise
provided in the Plan, the Administrator shall be responsible for providing all
notices and information required under the Act to all Participants.

12

--------------------------------------------------------------------------------

ARTICLE VIII

SUCCESSOR COMPANY
In the event of the dissolution, merger, consolidation or reorganization of the
Company, provision may be made by which the Plan will be continued by the
successor; and, in that event, such successor shall be substituted for the
Company under the Plan. The substitution of the successor shall constitute an
assumption of Plan liabilities by the successor and the successor shall have all
of the powers, duties and responsibilities of the Company under the Plan.

13

--------------------------------------------------------------------------------

ARTICLE IX

PLAN TERMINATION

The Company may terminate the Plan at any time by resolution of the Board,
provided that upon the occurrence of a Section 409A Change in Control event (as
defined in Section 13.4), the Plan shall be terminated in accordance with
Section 13.4. In the event of the termination or partial termination of the
Plan, the rights of all affected Participants to their Accrued Benefits as of
the date of such termination or partial termination shall be fully vested and
nonforfeitable. Subject to the Administrator’s discretion under Section 3.9 with
respect to the Participant’s Pre-Section 409A Benefit, the Participant’s Accrued
Benefit shall remain payable in accordance with the provisions of Article III.
Notwithstanding anything contained herein to the contrary, for a period of two
(2) years following a Change in Control that does not qualify as a 409A Change
in Control Event, this Plan shall not be terminated.

14

--------------------------------------------------------------------------------

ARTICLE X

TRUST

The benefits provided by this Plan shall be unfunded. All amounts payable under
this Plan to a Participant shall be paid from the general assets of the employer
which principally employs the Participant (the “Obligated Employer”), and
nothing contained in this Plan shall require the Obligated Employer to set aside
or hold in trust any amounts or assets for the purpose of paying benefits to
Participants. This Plan shall create only a contractual obligation on the part
of the Obligated Employer and Participants shall have the status of general
unsecured creditors of the Obligated Employer under the Plan with respect to any
obligation of the Obligated Employer to pay benefits pursuant hereto. Any funds
of the Obligated Employer available to pay benefits pursuant to the Plan shall
be subject to the claims of general creditors of the Obligated Employer, and may
be used for any purpose by the Obligated Employer.
Notwithstanding the preceding paragraph, the Obligated Employer may at any time
transfer assets to a trust for purposes of paying all or any part of its
obligations under this Plan. However, to the extent provided in the trust only,
such transferred amounts shall remain subject to the claims of general creditors
of the Obligated Employer. To the extent that assets are held in a trust when a
Participant’s benefits under the Plan become payable, the Administrator shall
direct the trustee to pay such benefits to the Participant from the assets of
the trust.

15

--------------------------------------------------------------------------------

ARTICLE XI

AMENDMENTS AND ACTION BY COMPANY

The Company reserves the right to make from time to time any amendment or
amendments to this Plan. Notwithstanding anything contained in this Plan to the
contrary, no amendment shall have the effect of reducing the Accrued Benefit of
any Participant, and, for a period of two (2) years following a Change in
Control, this Plan shall not be amended in any way to directly or indirectly
reduce the benefit levels provided under this Plan or the benefit of any
Participant or his designated Beneficiary, including any reduction caused by
changes to the definitions of Actuarial Equivalent or Average Annual
Compensation.

16

--------------------------------------------------------------------------------

ARTICLE XII

MISCELLANEOUS
12.1    Nonguarantee of Employment: Nothing contained in this Plan shall be
construed as a contract of employment between the Company and any Participant,
or as a right of any Participant to be continued in the employment of the
Company, or as a limitation of the right of the Company or an Adopting Employer
to discharge any Participant or Executive Officer, with or without cause.

12.2    Rights Under Plan: No Participant shall have any right to or interest
in, the Plan upon termination of his employment or otherwise, except as provided
from time to time under this Plan, and then only to the extent of the benefits
payable under the Plan to such Participant.

12.3    Nonalienation of Benefits: Benefits payable under this Plan shall not be
subject in any manner to anticipation, alienation, sale, transfer, assignment,
pledge, encumbrance, charge, garnishment, execution or levy of any kind, either
voluntary or involuntary, including any such liability which is for alimony or
other payments for the support of a spouse or former spouse, or for any other
relative of the Participant, prior to actually being received by the person
entitled to the benefit under the terms of the Plan; and any attempt to
anticipate, alienate, sell, transfer, assign, pledge, encumber, charge or
otherwise dispose of any right to benefits payable hereunder, shall be void. The
Plan shall not in any manner be liable for, or subject to, the debts, contracts,
liabilities, engagements or torts of any person entitled to benefits hereunder.

12.4    Headings for Convenience Only: The headings and sub-headings in this
Plan are inserted for convenience of reference only and are not to be considered
in construction of the provisions hereof.

12.5    Multiple Copies: This Plan may be executed in any number of
counterparts, each of which shall be deemed an original, and the counterparts
shall constitute one and the same instrument, which shall be sufficiently
evidenced by any one thereof.

12.6    Governing Law: This Plan shall be construed and enforced in accordance
with the provisions of the Act. In the event the Act is not applicable or does
not preempt state law, the laws of the State of Georgia shall govern.

12.7    Guarantee of Performance: In consideration of each Participant’s
performance of valuable services that inure to the financial benefit of the
Company, the Company does hereby agree to perform all of the obligations and
responsibilities and pay any benefits due and owing to a Participant under the
Plan if the Obligated Employer (as defined in Article X) designated to perform
such obligations and responsibilities or pay such benefits fails or is unable to
do so.

12.8    Payment of Legal Fees. If any action at law or in equity is necessary
for a Participant to enforce or interpret the terms of the Plan, the Company
shall promptly pay such Participant’s reasonable attorneys’ fees and other
reasonable expenses incurred with respect to such action. If any other action is
taken with respect to the Plan, each party shall bear its own attorneys’ fees
and expenses. If a reimbursement is called for under this Section 12.8, (i) such
reimbursement shall be made no later than the end of the calendar year
immediately following the calendar year in which Participant pays the related
legal fees or expenses, (ii) the amount of expenses eligible for reimbursement
in any given calendar year shall not affect the expenses that the Company is
obligated to reimburse in any other calendar year, (iii) the Participant’s right
to such reimbursements may not be liquidated or exchanged for any other benefit,
and (iv) in no event shall the Company’s obligations to make such reimbursements
apply later than the Participant’s remaining lifetime. 

17

--------------------------------------------------------------------------------

12.9    Section 409A.
(a)The intent of the parties is that payments and benefits under the Plan comply
with or be exempt from Section 409A of the Code and the regulations and guidance
promulgated thereunder (collectively “Code Section 409A”) and the Company shall
have complete discretion to interpret and construe the Plan and any associated
documents in any manner that establishes an exemption from (or compliance with)
the requirements of Code Section 409A. If for any reason, such as imprecision in
drafting any provision, the Plan does not accurately reflect its intended
establishment of an exemption from (or compliance with) Code Section 409A, as
demonstrated by consistent interpretations or other evidence of intent, such
provision shall be considered ambiguous as to its exemption from (or compliance
with) Code Section 409A and shall be interpreted by the Company in a manner
consistent with such intent, as determined in the discretion of the Company.
(b)A termination of employment shall not be deemed to have occurred for purposes
of any provision of the Plan upon or following a termination of employment
unless such termination is also a “separation from service” within the meaning
of Code Section 409A, and, for purposes of any such provision of the Plan,
references to a “termination,” “termination of employment” or like terms shall
mean “such a separation from service.” The determination of whether and when a
separation from service has occurred for purposes of the Plan shall be made in
accordance with the presumptions set forth in Section 1.409A-1(h) of the
Treasury Regulations.

18

--------------------------------------------------------------------------------

ARTICLE XII

CHANGE IN CONTROL

13.1    Cause: For purposes of this Plan, a termination for ‘Cause’ is a
termination evidenced by a resolution adopted in good faith by two-thirds of the
Board that the Participant (i) intentionally and continually failed to
substantially perform his duties with the Company (other than a failure
resulting from the Participant’s incapacity due to physical or mental illness)
which failure continued for a period of at least thirty (30) days after a
written notice of demand for substantial performance has been delivered to the
Participant specifying the manner in which the Participant has failed to
substantially perform, or (ii) intentionally engaged in conduct which is
demonstrably and materially injurious to the Company, monetarily or otherwise;
provided, however, that no termination of the Participant’s employment shall be
for Cause as set forth in clause (ii) above until (x) there shall have been
delivered to the Participant a copy of a written notice setting forth that the
Participant was guilty of the conduct set forth in clause (ii) and specifying
the particulars thereof in detail, and (y) the Participant shall have been
provided an opportunity to be heard by the Board (with the assistance of the
Participant’s counsel if the Participant so desires). No act, or failure to act,
on the Participant’s part, shall be considered “intentional” unless he has acted
or failed to act, with an absence of good faith and without a reasonable belief
that his action or failure to act was in the best interest of the Company.
Notwithstanding anything contained in this Plan to the contrary, in the case of
any Participant who is a party to a Change in Control Agreement, no failure to
perform by the Participant after a Notice of Termination (as defined in the
Participant’s Change in Control Agreement) is given by the Participant shall
constitute Cause for purposes of this Plan.

13.2    Change in Control: For purposes of this Plan, a Change in Control shall
mean any of the following events:
(a)    The acquisition (other than from the Company) by any “Person” (as the
term person is used for purposes of Sections 13(d) or 14(d) of the Securities
Exchange Act of 1934, as amended (the “1934 Act”)) of beneficial ownership
(within the meaning of Rule 13d-3 promulgated under the 1934 Act) of thirty
percent (30%) or more of the combined voting power of the Company’s then
outstanding voting securities; or
(b)    The individuals who, as of the Effective Date, are members of the Board
(the “Incumbent Board”), cease for any reason to constitute at least two-thirds
of the Board; provided, however, that if the election, or nomination for
election by the Company’s stockholders, of any new director was approved by a
vote of at least two-thirds of the Incumbent Board, such new director shall, for
purposes of this Plan, be considered as a member of the Incumbent Board; or
(c)    A merger or consolidation involving the Company if the stockholders of
the Company, immediately before such merger or consolidation do not, as a result
of such merger or consolidation, own, directly or indirectly, more than seventy
percent (70%) (effective as of September 29, 2006, sixty percent (60%)) of the
combined voting securities of the corporation resulting from such merger or
consolidation in substantially the same proportion as their ownership of the
combined voting power of the voting securities of the Company outstanding
immediately before such merger or consolidation; or
(d)    A complete liquidation or dissolution of the Company or an agreement for
the sale or other disposition of all or substantially all of the assets of the
Company.
Notwithstanding the foregoing, a Change in Control shall not be deemed to occur
pursuant to Section (a), solely because thirty percent (30%) or more of the
combined voting power of the Company’s then outstanding securities is acquired
by (i) a trustee or other fiduciary holding securities under one or more
employee benefit plans maintained by the Company or any of its subsidiaries or
(ii) any corporation which,

19

--------------------------------------------------------------------------------

immediately prior to such acquisition, is owned directly or indirectly by the
stockholders of the Company in the same proportion as their ownership of stock
in the Company immediately prior to such acquisition.
13.3    Termination of Employment: If a Participant’s employment is terminated
by the Company or by the Participant for any reason within two (2) years
following a Change in Control, the Company shall, within five (5) days, pay to
the Participant a lump sum cash payment equal to the lump sum Actuarial
Equivalent of his Accrued Benefit as of the date of his termination of
employment whether or not the Participant is otherwise vested in his Accrued
Benefit. If at the time of the Participant’s separation from service, the
Administrator determines that the Participant is a “specified employee,” within
the meaning of Code Section 409A, then payment of such benefit shall be paid at
the date which is the earlier of (i) six (6) months and one day after such
separation from service and (ii) the date of the Participant’s death (the “Delay
Period”). Upon the expiration of the Delay Period, all payments delayed pursuant
to this paragraph shall be paid or provided to the Participant in a lump-sum
with interest at the prime rate as published by The Wall Street Journal on the
first business day of the Delay Period, and any remaining payments due under
this Agreement shall be paid or provided in accordance with the normal payment
dates specified for them herein.

13.4    Plan Termination Upon a Section 409A Change in Control Event: Upon the
occurrence of a Section 409A Change in Control Event (as defined below), the
Plan shall be terminated consistent with the requirements of Treasury Regulation
section 1.409A-3(j)(4)(ix)(B), and the Company shall, within five (5) days of
such Section 409A Change in Control Event, pay to the Participant a lump sum
cash payment equal to the lump sum Actuarial Equivalent of his Accrued Benefit
as of such date, whether or not the Participant is otherwise vested in his
Accrued Benefit. For purposes of this Plan, a Section 409A Change in Control
Event shall mean any of the following events:
(a)A Person or Persons acting as a group acquires beneficial ownership of stock
of the Company that, together with the stock held by such Person or group,
constitutes more than fifty percent (50%) of the total voting power of the
Company’s then outstanding voting securities; provided, that, a Section 409A
Change in Control Event shall not occur if any Person or Persons acting as a
group owns more than fifty percent (50%) of the total voting power of the
Company’s then outstanding voting securities and acquires additional securities.
Notwithstanding the foregoing, a Section 409A Change in Control Event shall not
be deemed to occur pursuant to Section 13.4(a), solely because more than fifty
percent (50%) of the combined voting power of the Company’s then outstanding
securities is acquired by (i) a trustee or other fiduciary holding securities
under one or more employee benefit plans maintained by the Company or any of its
subsidiaries or (ii) any corporation which, immediately prior to such
acquisition, is owned directly or indirectly by the stockholders of the Company
in the same proportion as their ownership of stock in the Company immediately
prior to such acquisition; or
(b)The individuals who, as of June 25, 2015, are members of the Board (the
“Incumbent Board”), cease for any reason to constitute at least a majority of
the Board; provided, however, that if the election, or nomination for election
by the Company’s stockholders, of any new director was approved by a vote of a
majority of the Incumbent Board, such new director shall, for purposes of this
Plan, be considered as a member of the Incumbent Board; or
(c)The sale or other disposition of all or substantially all of the assets of
the Company.

13.5    Amendment or Termination: Any amendment or termination of this Plan
which a Participant reasonably demonstrates (i) was at the request of a third
party who has indicated an intention or taken steps reasonably calculated to
effect a Change in Control or Section 409A Change in Control Event or (ii)
otherwise arose in connection with or in anticipation of a Change in Control or
Section 409A Change in Control Event, and which was not consented to in writing
by the Participant shall be null and void, and shall have no effect whatsoever,
with respect to the Participant.

20

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, this amended and restated Plan has been executed by the
Company to be effective on the Effective Date (except where otherwise noted).
ACUITY BRANDS, INC.
                            
                            
By: /s/ Vernon J. Nagel        
Vernon J. Nagel
Chairman, President and
Chief Executive Officer

21

--------------------------------------------------------------------------------

SCHEDULE 1
ADOPTING EMPLOYERS
Acuity Brands Lighting, Inc.
Acuity Specialty Products Group, Inc.

22

--------------------------------------------------------------------------------

SCHEDULE 2
PARTICIPANTS ELIGIBLE FOR MODIFIED ACCRUED BENEFIT

Barry R. Goldman
Karen J. Holcom

23