Document:

AYI-2012.8.31-EX10(iii)A(68)

Exhibit 10(iii)A(68)

ACUITY BRANDS, INC.
2011 NONEMPLOYEE DIRECTOR DEFERRED COMPENSATION PLAN
(Effective as of December 1, 2011, as amended effective December 1, 2012)

		
	1.
	Purpose.

The Acuity Brands, Inc. 2011 Nonemployee Director Deferred Compensation Plan is intended to increase the alignment of the interests of eligible members of the Board with the interests of stockholders of Acuity Brands, Inc. (the "Corporation") and increase their incentive to contribute to the success of the Corporation's business by permitting Eligible Directors to elect to defer their fees for investment into an interest bearing account or in Deferred Stock Units, as hereinafter defined, on the terms and conditions set forth herein.  This Plan is effective as of December 1, 2011, except where otherwise noted, and subsequently amended effective as of December 1, 2012.
		
	2.
	Definitions.  When used in this Plan, unless the context otherwise requires:

2.1"Account" shall mean the records maintained by the Committee (or its designee) to determine the Eligible Director's deferrals, to the Plan.  Such Account may be reflected as an entry in the Corporation's records, or as a separate account under a trust or as a combination of both.  The Committee may establish such additional subaccounts as it deems necessary for the proper administration of the Plan.
2.2"Annual Fee" shall mean the annual fee payable each calendar year to an Eligible Director for service on the Board.
2.3"Board" shall mean the Board of Directors of the Corporation.
2.4"Board Meeting Fee" shall mean the fee payable to an Eligible Director for attendance at any meeting of the Board.
2.5"Chairman Fee" shall mean the fee, if any, payable to an Eligible Director for service as the Chairman of a committee of the Board.
2.6"Committee" shall mean the Compensation Committee of the Board or such other committee as may be designated by the Board.  In the absence of the appointment of a Committee, the Board shall serve as the Committee.
2.7"Committee Meeting Fee" shall mean the fee payable to an Eligible Director for attendance at any meeting of a committee of the Board.
2.8"Corporation" shall mean Acuity Brands, Inc., a Delaware corporation."
2.9"Deferred Stock Unit" shall mean a unit equivalent in value to a share of Stock credited to the Account of an Eligible Director pursuant to Section 5.1 hereof.
2.10"Eligible Director" shall mean each member of the Board who is not at the time of reference an employee of the Corporation or any Subsidiary.
2.11"Fair Market Value" shall mean the average of the high and low sales prices of a share of Stock as reported on the New York Stock Exchange Composite Tape on the five (5) trading dates immediately preceding the date for which such value is being determined.
2.12"Investment Fund" shall mean an interest bearing fund providing a rate of interest based upon an index or a rate specified by the Committee or such other deemed investment fund (or funds) as the Committee may establish as the basis for calculating earnings, gain and losses for all or a portion of the Eligible Director's Account.
2.13"Optional Amount" shall mean the amount elected to be deferred by an Eligible Director for any year during the term hereof pursuant to Section 5.2 hereof.

2.14"Plan" shall mean the 2011 Acuity Brands, Inc. Nonemployee Director Deferred Compensation Plan, as such Plan may be amended from time to time.
2.15"Section 409A" shall mean Section 409A of the Internal Revenue Code of 1986, as amended ("Code"), and the regulations and rulings thereunder.
2.16"Stock" shall mean the Common Stock of the Corporation.
2.17“Stock Grant” shall mean shares of unrestricted Stock granted to an Eligible Director pursuant to Section 5.1 hereof.
2.18"Subsidiary" shall mean any corporation more than 50% of whose stock having general voting power is owned by the Corporation or by a Subsidiary of the Corporation.
		
	3.
	Administration.

3.1The Plan shall be administered by the Committee.
3.2The Committee may make such rules and establish such procedures for the administration of the Plan as it deems appropriate to carry out the purpose of the Plan. The interpretation and application of the Plan or of any rule or procedure, and any other matter relating to or necessary to the administration of the Plan, shall be determined by the Committee, and any such determination shall be final and binding on all persons.
		
	4.
	Stock Available for Issuance; Capital Adjustments.

4.1The maximum number of shares of Stock that may be issued under the Plan, either as a Stock Grant or pursuant to Deferred Stock Units, is 300,000.
4.2In the event of a reorganization, recapitalization, stock split, reverse stock split, stock dividend, spin-off, split-up, combination of shares, merger, consolidation or a similar corporate transaction, the number or class of shares of Stock available for issuance, and the number or class of shares of Stock represented by Deferred Stock Units credited hereunder, shall be proportionately adjusted in a manner deemed appropriate by the Committee to reflect any such event or transaction.
		
	5.
	Deferrals and Stock Grants.

5.1Non-Cash Component of the Annual Fee.
(a) Mandatory Deferral.  On each February, May, August and November occurring after December 1, 2012, an amount equal to one-fourth of the non-cash component of the Annual Fee shall automatically be credited to the Account of each Eligible Director in the form of Deferred Stock Units.
(b) Stock Grants in Lieu of Mandatory Deferral.  Notwithstanding Section 5.1(a), with respect to any calendar year beginning after December 1, 2012, if the sum of the number of shares of Stock held directly by the Eligible Director, plus the number of Deferred Stock Units credited to an Eligible Director's Account under this Plan, determined as of the November 30 of the preceding calendar year, equals or exceeds the director Stock ownership requirements established from time to time by the Board, then the non-cash component of the Annual Fee shall be paid directly to the Eligible Director in the form of a Stock Grant.
5.2Deferral Election of Optional Amount.  Each Eligible Director shall be entitled to elect, with respect to each calendar year during the term of this Plan, such portion of the cash component of the Annual Fee and such portion of the Board Meeting Fee, the Committee Meeting Fee, and the Chairman Fee, if applicable, which the Eligible Director desires to defer under the Plan. Such election shall be made and submitted on or before December 31 of the year prior to the start of each such year on such form as shall be determined from time to time by the Committee, which the Committee may provide is a continuing deferral election.  On each February, May, August and November occurring after December 1, 2012, an amount equal to one-fourth of the Optional Amount shall automatically be credited to the Account of each Eligible Director in the manner elected pursuant to Section 5.3 below.
5.3Investment Election of Optional Amounts.  The Eligible Director may elect to have Optional Amounts, if any, credited in Deferred Stock Units or deemed to be invested in the Investment Fund, provided that once the Eligible Director makes such investment election for such year's deferrals, the election may not be changed.

5.4Dividends on Deferred Stock Units.  As of each dividend payment date declared with respect to the Stock, the Corporation shall credit to each Account an amount equal to (i) the product of (x) the dividend per share of Stock payable on such dividend payment date and (y) the number of Deferred Stock Units credited to such Eligible Director's account as of the applicable dividend record date.  All dividends shall be credited to and deemed to be invested in the Investment Fund.  All amounts credited to an Eligible Director's Account resulting from the crediting of dividends shall be paid in cash following termination of service as a an Eligible Director.

		
	6.
	Payment of Account.

6.1Upon the termination of service of an Eligible Director, the Eligible Director shall receive payment of his Account in the manner provided in this Section 6.  The amount credited to the Eligible Director's Account in Deferred Stock Units shall be paid in shares of Stock and the amount credited to the Investment Fund shall be paid in cash.
6.2The Account shall be paid in a lump sum or in five substantially equal annual installments upon the Eligible Director's termination of service in accordance with the Eligible Director's election on a form provided by the Committee at the time the Eligible Director commences participation in the Plan and at such other time as may be permitted by Section 409A (and the regulations promulgated thereunder) and the Committee.  Notwithstanding the foregoing, if an Eligible Director who elected to have his Account paid in five substantially equal annual installments dies prior to receiving all annual installments, the sum of all remaining installments shall automatically be distributed within sixty (60) days following the Eligible Director's date of death.  An Eligible Director may, not less than twelve (12) months prior to termination of service, elect to change the method of payment of the Account, provided that (i) only one such change is permitted and after such election change, the election is irrevocable, (ii) the payment date for the Account will be deferred for 5 years, and (iii) the election shall not become effective for 12 months.  The change of election shall be made on a form provided by the Committee.
6.3The holder of Deferred Stock Units shall have none of the rights of a stockholder of the Corporation.
		
	7.
	Term of Plan.

The Plan shall remain in effect until all amounts have been paid under the terms of the Plan, provided that no Deferred Stock Units may be granted on or after the tenth anniversary of December 1, 2011.
		
	8.
	Amendment; Termination.

Subject to Section 409A, the Board may at any time and from time to time alter, amend, suspend, or terminate the Plan in whole or in part.  The termination or any modification or amendment of the Plan shall not, without the consent of the Eligible Director, affect his or her rights under a grant of Deferred Stock Units or reduce the benefits that have accrued prior to the date of such action.
		
	9.
	Miscellaneous.

9.1The Eligible Director's Account and Deferred Stock Units granted hereunder shall not be assignable or transferable by the Eligible Director except by will or by the laws of descent and distribution.
9.2Nothing in the Plan shall be construed as conferring any right upon any Eligible Director to continue as a member of the Board.
9.3The Plan and all rights hereunder shall be construed in accordance with and governed by the laws of the State of Delaware.
9.4The Corporation shall have the right to require, prior to any payment hereunder, payment by the recipient of any federal, state, local or other taxes which may be required to be withheld or paid in connection with such payment hereunder.
9.5An Eligible Director shall be an unsecured creditor of the Corporation with respect to benefits under the Plan.  The Corporation's obligations under the Plan (i) with respect to Deferred Stock Units shall be an unsecured promise to distribute shares of Stock at the times described herein, and (ii) with respect to the Investment Fund shall be an unsecured promise to make cash payments at the times described herein.
9.6The Plan is intended to satisfy, or to be excluded from, the requirements of Section 409A and the Committee shall have the discretion to interpret, construe and administer the Plan in a manner consistent with such intent.  For purposes of Section 409A, an Eligible Director's right to receive any installment payments shall be treated as a right to receive a series of separate and distinct payments.

IN WITNESS WHEREOF, this Plan, as amended effective as of December 1, 2012, has been executed by the Company as of the 28th day of October, 2012.
ACUITY BRANDS, INC.

By:  ___________________________
Title:   Chief Executive OfficerAYI-2012.8.31-EX10(iii)A(69)

Exhibit 10(iii)A(69)

AMENDMENT NO. 4
TO
ACUITY BRANDS, INC.
2002 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
(As Amended And Restated Effective As Of January 1, 2005)
THIS AMENDMENT made as of this 23rd day of October, 2012, by ACUITY BRANDS, INC. (the “Company”);
W I T N E S S E T H:
WHEREAS, the Company established the Acuity Brands, Inc. 2002 Supplemental Executive Retirement Plan, which Plan was amended and restated generally effective as of January 1, 2005 (the “Plan”), subject to the transition rules of Section 409A;
WHEREAS, the Company now desires to amend the Plan in the manner hereinafter provided;
NOW, THEREFORE, the Plan is hereby amended, as follows:
		
	1.
	

Section 1.1(a) is hereby amended by deleting the present section in its entirety and substituting the following in lieu thereof:
“Accrued Benefit:  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 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); and 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 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 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 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.”
Section 1.1(c) is hereby amended by deleting the present section in its entirety and substituting the following in lieu thereof:
“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 7% per annum or the yield on 10-Year U.S. Treasury Bonds plus 1.50%, and (ii) the mortality table prescribed by the Commissioner of Internal Revenue pursuant to Rev. Rul. 95-6 (as hereafter amended or modified).”

Section 1.1(g) is hereby amended by deleting the present section in its entirety and substituting the following in lieu thereof:
“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.”
Section 13.2(a) is hereby amended by deleting the present section in its entirety and substituting the following in lieu thereof:
“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”
Section 13.2(d) is hereby amended by deleting the present section in its entirety and substituting the following in lieu thereof:
“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, 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.”
Section 13.3 is hereby amended by deleting the present section in its entirety and substituting the following in lieu thereof:
“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.”
Schedule 1 of Adopting Employers is amended to reflect the change in the entity name Acuity Lighting Group, Inc. to Acuity Brands Lighting, Inc. (formerly Acuity Lighting Group, Inc.).
This Amendment No. 4 shall be effective as of October 23, 2012.  Except as hereby modified, the Plan shall remain in full force and effect.
IN WITNESS WHEREOF, the Company has executed this Amendment No. 4 as of the date first written above.
	
		
	 
	ACUITY BRANDS, INC.

By:  ________________________________

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