Document:

Retirement Program Change, Kenyon Murphy

 EXHIBIT 10(iii)A6 
  
 June 20, 2003 
  
 Kenyon W. Murphy 
 Senior Vice President and General Counsel 
 Acuity Brands, Inc. 
 1170 Peachtree Street, NE 
 Suite 2400 
 Atlanta, GA 30309 
  
 Dear Ken: 
  
 Acuity Brands recently undertook a review of its retirement programs and, as a result of that review, a number of changes to
the plans covering employees at the corporate office were implemented on January 1, 2003. This letter provides an overview of the changes that affect you. 
  
 The 401(k) Plan covering corporate office employees was changed effective January 1, 2003, in a number of respects: 
  

	 	•	 	For administrative and compliance purposes, the 401(k) Plan was combined with the Acuity Lighting Group 401(k) Plan. The resulting plan, called the Acuity Brands, Inc. 401(k) Plan,
is substantially the same as the current plan. To facilitate this merger, there was a short “blackout period,” described on Exhibit A. 

  

	 	•	 	Matching contributions were increased to 60% of the participant’s deferrals up to 6% of compensation (a total match of 3.6% or a 20% increase over the current plan).

  

	 	•	 	Vesting in the Company’s matching contributions will be based upon the period from your date of hire to your date of termination rather than hours of service worked each
calendar year, but in no event will a current participant receive fewer years of service than under the prior rules. 

  

	 	•	 	The minimum hardship withdrawal will be reduced to $500 from $1,000. 

  
 Except for the changes outlined above, the combined 401(k) Plan will operate in the same manner as the plan in which you currently participate, including employee
deferrals, investment options and changes, payouts and loan rules. 

 Kenyon W. Murphy 
 June 20,
2003 
 Page 2 
  
 With respect to the Acuity Brands, Inc. Pension Plan, the defined benefit pension plan that covers corporate office employees: 
  

	 	•	 	Benefit accruals under the Pension Plan ceased effective as of December 31, 2002, and no compensation earned or service credited after that date will count under the plan (see
attached Notice of Cessation of Benefit Accruals). 

  

	 	•	 	Your accrued benefit in the Pension Plan (if any) will be paid to you after you terminate employment in accordance with the terms of the plan. 

  
 You are currently a participant in the Acuity Brands, Inc. Supplemental
Retirement Plan for Executives (“Current SERP”). As you are aware, your participation in the Current SERP will cease effective as of December 31, 2002, contingent upon your waiver of the benefits due you under that plan, at which time you
will become a participant in the Acuity Brands, Inc. 2002 Supplemental Executive Retirement Plan (“New SERP”). Because this change may cause the projected overall retirement benefits provided to you by the Company to be reduced, the
Company has decided (subject to certain conditions), to provide you with an annual contribution to the Supplemental Deferred Savings Plan to “make-up” for such potentially reduced benefits. The general terms of the SERP Make-Up
Contribution are described on Exhibit B and the calculation of your individual Make-Up Contribution is shown on Exhibit C, each attached hereto. 
  
 Please indicate your waiver of benefits under the Current SERP and your acceptance of benefits under the New SERP and the SERP Make-Up Contribution,
effective as of December 31, 2002, by signing and dating both copies of this letter in the space provided below. Please return one copy of the signed letter to Helen Haines at the Peachtree office at your earliest convenience, but no later than July
1, 2003. 
  
 If you have any questions concerning these plan
changes, please contact Jane Struble at 770-860-3545. 
  

	 Very truly yours,

	
	 /s/ Larry Miller         

	 Larry Miller

  

	 /s/ Kenyon W. Murphy

	Kenyon W. Murphy
	
	 6-30-03

	Date

 EXHIBIT A 
  

ACUITY BRANDS, INC. 
 401(K) PLAN

  
 TRANSITION PERIOD AND BLACKOUT PERIOD

  
 DECEMBER 20TH—Last day to submit distribution paperwork to Acuity Brands. 
  
 DECEMBER 30TH—Up to 4 p.m. ET—Last day to make any of the following transactions until blackout period is over: 
  

	 	•	 	Change your contribution percentage 

  

	 	•	 	Request a loan 

  

	 	•	 	Make changes to future investment elections 

  

	 	•	 	Transfer balances among investment funds 

  
 During this period participants will still be able to view their account balances; however, no transaction can be made. 
  
 JANUARY 1, 2003—Plan accounts transferred to merged 401(k) Plan. At this point,
accounts will no longer be available for viewing until blackout is over. 
  
 JANUARY 4, 2003—Blackout over and participants have access to their account for all purposes. 

 EXHIBIT B 
  

MAKE-UP CONTRIBUTION TO 
 SUPPLEMENTAL DEFERRED SAVINGS PLAN 
  
 (a) In
General—For Plan Years (calendar years) commencing January 1, 2003, the Company shall for each Plan Year during the SERP Make-Up Contribution Period (as defined in subsection (b) below) for each Participant make a SERP Make-Up Contribution
credit to the Supplemental Deferred Savings Plan (“Plan”) (determined in accordance with subsection (b) below) for the benefit of such Participant. The SERP Make-Up Contribution for each Plan Year shall be credited to the
Participant’s SERP Make-Up Contribution Subaccount under the Plan. The SERP Make-Up Contribution Subaccount shall at all times be fully vested and nonforfeitable. The SERP Make-Up Contribution Subaccount shall be credited with interest at the
Prime Rate on each Annual Valuation Date based upon the amount credited to such Subaccount as of the preceding Annual Valuation Date and at such other times, if any, as may be determined by the Plan Administrator. The SERP Make-up Contribution
Subaccount shall be distributed in accordance with the other provisions of the Plan if the Participant terminates prior to age 55 and in the same manner as the Participant’s Supplemental Subaccount if the Participant terminates on or after
attaining age 55. The SERP Make-Up Contribution for each Plan Year shall be credited on the last day of the Plan Year, unless the Employer elects to make such credit on an earlier date. In order to be eligible to receive the SERP Make-Up
Contribution credit for the Plan Year, the Participant must be actively employed on the last day of the Plan Year and complete a Year of Service (e.g., 1,000 hours of service) for such year. 
  
 (b) Amount of SERP Make-Up Contribution Credit—The SERP Make-Up
Contribution credit for a Participant for the Plan Year shall be equal to the Present Value determined as of January 1, 2003 of the Annual Benefit Loss of the Participant divided by the number of years in the SERP Make-Up Contribution Period,
adjusted by the Discount Percentage. The Annual Benefit Loss for a Participant is the difference between (A) the aggregate annual supplemental retirement benefit the Participant was projected to receive at age 60 assuming that the Pension Plan, the
Current SERP (as defined in subsection (d) below) and the EDCP (as defined in subsection (d) below) continued in operation in accordance with their terms as in effect on August 31, 2002, and (B) the aggregate supplemental annual retirement benefit
the Participant is projected to receive at age 60 from the New SERP. The Participant’s SERP Make-Up Contribution Period is the period commencing January 1, 2003 and ending on the last day of the Plan Year in which the Participant attains age
60. The Present Value of the Annual Benefit Loss shall be determined by taking the amount of the Annual Benefit Loss on the date the Participant attains age 60 and discounting such amount to January 1, 2003 using an interest rate of 5.12% per year
and the mortality table prescribed by the IRS in Rev. Rul. 95-6. 

 (ii) The SERP Make-Up Contribution to be credited to a Participant for a Plan Year shall be increased
over the amount credited for the prior Plan Year by the Discount Percentage to account for the passage of a year and the related foregone interest earnings potential. 
  
 (c) Discretion of Company—The Company shall have the discretion to determine the amount of the SERP Make-Up Contribution for a
Participant each Plan Year and the Company’s determination of the SERP Make-Up Contribution credit shall be final and binding upon all parties. 
  
 (d) Definitions—The following definitions shall apply for purposes of this Exhibit B: 
  

	 	(i)	 	Pension Plan—The Acuity Brands, Inc. Pension Plan, as amended through December 31, 2002. 

  

	 	(ii)	 	Discount Percentage—A percentage rate equal to 5.12% per year. 

  

	 	(iii)	 	Current SERP—The Acuity Brands, Inc. Supplemental Retirement Plan for Executives as amended through December 31, 2002. 

  

	 	(iv)	 	New SERP—The Acuity Brands, Inc. 2002 Supplemental Executive Retirement Plan, which will be effective January 1, 2003. 

  

	 	(v)	 	EDCP—The Acuity Brands, Inc. Executives’ Deferred Compensation Plan as amended through August 31, 2002. 

 Exhibit C 
 SERP Benefit Comparison and Make-Up Contribution 
 Kenyon W. Murphy 
  

	 Present Value of Benefits at January 1, 2003
	  	 
	 Current SERP
	  	880,800
	 Plan C Benefit Loss
	  	113,620
	 EDCP Match Loss
	  	32,400
	 	  	

	 Total Current Plans
	  	1,026,820
	 New SERP
	  	626,700
	 	  	

	 Decrease in Benefits
	  	400,120
	 ÷ Years to Age 60
	  	14
	 	  	

	 PV of Annual SERP Make-Up Contribution
	  	28,580.00
	 	  	

	 Annual SERP Make-Up Contribution:
	  	 
	 At Age
	  	 47
	  	30,043.30
	 	  	 48
	  	31,581.52
	 	  	 49
	  	33,198.49
	 	  	 50
	  	34,898.25
	 	  	 51
	  	36,685.04
	 	  	 52
	  	38,563.31
	 	  	 53
	  	40,537.75
	 	  	 54
	  	42,613.28
	 	  	 55
	  	44,795.08
	 	  	 56
	  	47,088.59
	 	  	 57
	  	49,499.53
	 	  	 58
	  	52,033.91
	 	  	 59
	  	54,698.05
	 	  	 60
	  	57,498.59Deferred Savings Plan, Amend 2

 EXHIBIT 10(iii)A8 
  

AMENDMENT NO. 2 
 TO 
 ACUITY BRANDS, INC. 
 SUPPLEMENTAL DEFERRED
SAVINGS PLAN 
  
 THIS AMENDMENT made as of the 1st day of January,
2003, by ACUITY BRANDS, INC. (the “Company”); 
  
 WITNESSETH: 
  
 WHEREAS, the Company maintains the Acuity Brands, Inc. Supplemental Deferred Savings Plan (the “Plan”); and 
  
 WHEREAS, the Company now desires to amend the Plan to provide for the crediting of deferrals of Shares of Restricted Stock granted under the Acuity
Brands, Inc. Long-Term Incentive Plan; 
  
 NOW, THEREFORE, in
consideration of the premises and other good and valuable consideration, the Plan is hereby amended as follows: 
  
 1. 
  
 Section 2.7 is hereby amended by adding the words “or Deferred Vested Value Subaccount” in the second line of the present section after the word “Subaccount.” 
  
 2. 
  
 Section 4.1 is hereby amended by adding the following new subsection (f) to the end of the present section: 
  
 “(f) Deferred Vested Value Subaccount. The
Company shall establish a Deferred Vested Value Subaccount for each Participant under the Plan. The Participant’s Deferred Vested Value Subaccount shall be credited at the earlier of the Vesting Start Date or the Performance Achievement Date
(each as defined in the Restricted Stock Award Agreement) with a number of Shares equal to the number of shares of Restricted Stock granted under the Acuity Brands, Inc. Long-Term Incentive Plan (“LTIP”) the Participant elects to defer
pursuant to the terms of the LTIP and shall be 100% vested and nonforfeitable following the Performance Achievement Date. The Deferred Vested Value Subaccount will be adjusted on each Annual Valuation Date (and at such other dates, if any, as may be
determined by the Plan Administrator) as if it were invested in Shares to reflect any dividends (including reinvestment of such dividends in Shares), distributions, stock dividends, stock splits or similar actions with respect to the Shares since
the preceding Annual Valuation Date (or such other date). 
  
 The amounts credited to a Participant’s Deferred Vested Value Subaccount for each Plan Year shall be credited to a Class Year Subaccount for such Plan Year and shall be distributed and subject to a further
deferral election 
  

 (which may be separate or combined with the election for the same Class Year Subaccount for the
Participant’s Deferral Subaccount) in the same manner as provided in Section 4.3 for a Class Year Subaccount of the Participant’s Deferral Subaccount. The amounts credited to a Participant’s Deferred Vested Value Subaccount shall be
subject to the hardship distribution rules of Section 4.4. 
  
 3.

  
 This Amendment No. 2 to the Plan shall be effective as of
January 1, 2003. Except as hereby modified, the Plan shall remain in full force and effect. 
  
 IN WITNESS WHEREOF, the Company has executed this Amendment No. 2 as of the date first written above. 
  

	 

 ACUITY BRANDS, INC. 
  
  
 By: /s/ James S.
Balloun 
  
  

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