Document:

Acuity brands, Inc. Long Term Incentive Plan Fiscal year 2006

 Exhibit 10(iii)A(47) 
 Acuity Brands, Inc. 
 Long-Term Incentive Plan 
 Fiscal Year 2006 Plan Rules for Executive Officers 
  
 During the first quarter of fiscal year 2006, the Compensation Committee of the Board of Directors of Acuity Brands, Inc. adopted plan rules for potential restricted stock awards to be earned by executive officers for
performance during fiscal year 2006 under the Corporation’s Long-Term Incentive Plan. The plan rules for each executive officer consist of a target award value, stated as a percentage of gross salary, subject to the application of negative
discretion by the Committee. The target award is based on achievement of specified financial performance measures, and the actual award earned increases or decreases in relationship to the level of achievement of the financial performance measures,
with no award earned (other than possible discretionary awards) if financial performance is below a specified threshold level. 
  
 The performance measures consist of specified targets for: 
  

	 	•	 	Diluted Earnings per Share for the Corporation; and 

  

	 	•	 	Business Unit contribution to the company-wide target. 

  
 The percentage of gross salary used in determining the target award is based on competitive compensation information for positions of comparable
responsibilities with comparably-sized manufacturing companies. 
  
 Achievement of performance levels is determined by the Compensation Committee following the completion of the fiscal year and award amounts are subject to the application of negative discretion by the Committee. Awards are granted following
completion of the fiscal year.Acuity Brands, Inc. Management Compensation and Incentive Plan

 Exhibit 10(iii)A(48) 
  
 Acuity Brands, Inc. 
 Management Compensation and Incentive Plan 
 Fiscal Year 2006 Plan Rules for Executive Officers 
  
 During the first quarter of fiscal year 2006, the Compensation Committee of the Board of
Directors of Acuity Brands, Inc. adopted plan rules for potential cash bonuses to be earned by executive officers for fiscal year 2006 under the Corporation’s Management Compensation and Incentive Plan. The plan rules for each executive officer
consist of a target bonus amount, stated as a percentage of gross salary, subject to the application of negative discretion by the Committee. The target bonus is based on achievement of specified financial performance measures, and the actual bonus
earned increases or decreases in relationship to the level of achievement of the financial performance measures, with no bonus payable (other than possible discretionary bonuses) if financial performance is below a specified threshold level.

  
 The performance measures consist of specified targets for: 
  
 Headquarters-Based Executive Officers 
  

	 	•	 	Diluted Earnings per Share, including the effect of asset impairments and gains or losses on sales of property or business, and excluding miscellaneous other income or expense;

  

	 	•	 	Consolidated EBIT Margin, calculated as earnings before interest and taxes divided by net sales; and 

  

	 	•	 	Cash Flow, calculated as cash flow from operations, less capital expenditures, plus cash received on sale of property of business, plus or minus cash flow from foreign currency
fluctuations, and excluding cash used for acquisitions. 

  
 Executive Officers Serving as Business Unit Presidents 
  

	 	•	 	Business Unit Operating Profit, including the effect of asset impairments and gains or losses on sales of property or business, and excluding miscellaneous other income or expense;

  

	 	•	 	Business Unit Operating Profit Margin, calculated as operating profit (as defined above) divided by net sales; and 

  

	 	•	 	Business Unit Cash Flow, calculated as cash flow from operations, less capital expenditures, plus cash received on sale of property of business, plus or minus cash flow from foreign
currency fluctuations, and excluding cash used for acquisitions. 

  
 Achievement of performance levels is determined by the Compensation Committee following the completion of the fiscal year and amounts are subject to the application of negative discretion by the Committee. 

 The percentage of gross salary applied to the actual bonus earned is based on competitive compensation
information for positions of comparable responsibilities with comparably-sized manufacturing companies and is as follows for executive officers of the Corporation: 
  

				
	 Chairman, President and Chief Executive Officer Acuity Brands, Inc.
	  	75	%
		
	 President and Chief Executive Officer, Acuity Lighting Group, Inc.
	  	60	%
		
	 President and Chief Executive Officer, Acuity Specialty Products Group, Inc.
	  	55	%
		
	 Senior Vice President, Acuity Brands, Inc.
	  	50	%Amendment to Severance Protection Agreement

 Exhibit 10(iii)A(49) 
  
 AMENDMENT 
 TO

 SEVERANCE PROTECTION AGREEMENT 
  
 THIS AMENDMENT made and entered into as of the 1st day of August, 2005, by and between Acuity Brands, Inc. (the “Company”) and John K.
Morgan (“Executive”); 
  
 W I T
N E S S E T H: 
  
 WHEREAS, the Company and Executive entered into a Severance Protection Agreement dated as of November 30, 2001 (the “Agreement”), providing for the payment of certain compensation and benefits to Executive in the event
Executive’s employment is terminated under certain circumstances in connection with a Change in Control of the Company; and 
  
 WHEREAS, the parties now desire to amend the Agreement as hereinafter provided; 
  
 NOW, THEREFORE, in consideration of the respective agreements of the parties contained herein, the Agreement is hereby
amended as follows: 
  
 1. 
  
 Section 3.1 is hereby amended by deleting the lead-in paragraph to such
section and substituting the following in lieu thereof. 
  
 “3.1 If, during the term of this Agreement, the Executive’s employment with the Company shall be terminated within 24 months following a Change in Control or the circumstances in subsection (d) occur, the Executive shall be
entitled to the following compensation and benefits depending upon the circumstances of such termination or occurrence (in addition to any compensation and benefits provided for under any of the Company’s employee benefit plans, policies and
practices):” 

 2. 
  
 Section 3.1 is hereby amended by adding a new subsection (d) as provided below and designating the current subsection “(d)” as
subsection “(e)”: 
  
 “(d)(i) If, during the
12-month period following a Change in Control, there is a change in the status, title, position or responsibilities of the Chief Executive Officer of the Company (“CEO”) or other officer to whom Executive reported immediately prior to the
Change in Control which, in the Executive’s reasonable judgment, represents an adverse change from the CEO’S or such other officer’s status, title, position or responsibilities immediately prior to the Change in Control, the Executive
shall be entitled to receive the compensation and benefits provided in Sections 3.1(b)(ii), (iv) and (v) above on the date one year from the date of the Change in Control, provided that the Executive must remain employed by the Company
until the date one year after the Change in Control to be eligible to receive the compensation and benefits provided pursuant to this subsection (d)(i). The amounts provided for in this subsection (d)(i) shall be paid on the date one year from the
date of the Change in Control. 
  
 (ii) If the Executive is
eligible for the compensation and benefits provided under subsection (d)(i) above, but his employment is terminated under circumstances that entitle him to compensation and benefits under Section 3.1(b) above, (A) less than one year after
the Change in Control, the Executive shall be entitled to receive the compensation and benefits provided pursuant to Section 3.1(b) and not the compensation and benefits under subsection (d)(i), or (B) more than one year but less than 24
months after the Change in Control, the Executive shall be entitled to receive the compensation and benefits provided pursuant to Section 3.1(b), reduced by any compensation and benefits he has already received pursuant to subsection (d)(i).
The adjustments under this subsection (d)(ii)(B) shall be made in an equitable manner such that the 

  

 -2- 

 
Executive receives the full amount of compensation and benefits to which he is entitled pursuant to Section 3.1(b), provided that there shall be no
duplication of benefits. If the Executive is eligible for compensation and benefits under subsection (d)(i), but his employment is terminated less than one year after a Change in Control under circumstances that do not entitle him to benefits under
Section 3.1(b), the Executive shall not be entitled to any compensation or benefits under Section 3.1, except as specifically provided in Section 3.1(a).” 
  
 3. 
  
 Section 3.2 is hereby amended by deleting the present section in its entirety and substituting the following in lieu thereof: 
  
 “3.2 The severance pay and benefits provided for in Section 3.1
shall be in lieu of any other severance pay to which the Executive may be entitled under any Company severance plan, program or arrangement for a termination of employment covered by such circumstances.” 
  
 4. 
  
 This Amendment shall be effective as of August 1, 2005. Except as hereby modified, the Agreement shall remain in full
force and effect. 
  

 -3- 

 IN WITNESS WHEREOF, the Company has caused this Amendment to be executed by its duly authorized officer
and the Executive has executed this Amendment as of the day and year first above written. 
  

			
	 ACUITY BRANDS, INC.

		
	By:	 	/s/ VERNON J. NAGEL
	 	 	 VERNON J. NAGEL, Chairman,
President and Chief Executive Officer

	
	 EXECUTIVE:

		
	 	 	/s/ JOHN K. MORGAN
	 	 	 John K. Morgan

  

 -4-Letter Agreement

 Exhibit 10(iii)A(50)
  

					
	

	  	 Vernon J. Nagel
 Chairman, President
and
 Chief Executive Officer
 Acuity Brands, Inc.
	  	 1170 Peachtree Street, NE
 Suite 2400
 Atlanta, GA 30309-7676
  
 Tel: 404 853 1413
 Fax: 404 853 1411

			
	 	  	 	  	vern.nagel@acuitybrands.com
			
	 	  	 	  	www.AcuityBrands.com

  
 August 1, 2005

  
 Mr. John K. Morgan 
 1074 Robin Lane 
 Atlanta, GA 30306 
  
 Dear John: 
  
 This amended and restated letter agreement (“Agreement”) sets forth the terms and conditions of your employment with Acuity
Brands, Inc. (“Acuity”) and Acuity Lighting Group (“ALG”) (Acuity and ALG are sometimes referred to collectively hereinafter as the “Company”) and your election as President and Chief Executive Officer of ALG, effective
at the close of business on July 29, 2005 (“Effective Date”). As of the Effective Date, this Agreement shall supersede and replace in its entirety the employment letter, dated June 24, 2004, between you and Acuity. After you have
reviewed the terms and conditions of this letter, please sign below to signify your acceptance. 
  
 1. Title and Responsibilities. Effective as of the Effective Date, you (hereinafter “Executive”) will serve as President and Chief Executive Officer of ALG and an Executive Vice President of Acuity (a
member of the Acuity Leadership Team) and will report to Vernon J. Nagel, as Chief Executive Officer of Acuity. Executive shall have such duties, responsibilities, and authority as are commensurate with such positions, as established by corporate
law or Acuity’s governance documents or delegated to him from time to time by the Chief Executive Officer and the Board of Directors of Acuity (“Board”). Executive accepts the duties described above and agrees to render his services
for the term of this Agreement. 
  
 2. Term. This Agreement shall commence
as of the Effective Date and continue in effect until either party gives notice to the other of termination (the period of this Agreement is hereinafter referred to as the “term of this Agreement”). Either party may terminate this
Agreement for any reason and at any time with or without cause and with or without advance notice, subject to Executive’s and Acuity’s rights under any severance agreement relating to Executive’s termination of employment. 

 
 3. Extent of Services. Executive agrees that during the term of this Agreement he
will devote his full working time and requisite energy and skill to the diligent performance of Executive’s duties. With the consent and the assistance of the Board, Executive may serve on the board of directors or board of trustees of other
companies or institutions, provided, however, that approval of the Board shall be required as set forth in Acuity’s Corporate Governance Guidelines, as they may be revised from time to time. 
  

			
	 Acuity Brands Lighting

	  	 Acuity Specialty Products

	Lithonia    Holophane    Peerless    Hydrel	  	Zep    Selig    Enforcer

 August 1, 2005 
  Page
 2
 
  

 4. Consideration. As consideration for the services performed by Executive pursuant to this Agreement and the
restrictive covenants in Paragraph 5, Acuity will compensate Executive during the term of this Agreement as follows: 
  
 4.1 Base Salary. Commencing on the Effective Date, Executive will be entitled to an annual base salary of $500,000, subject to periodic review and
change by the Compensation Committee. Executive’s base salary will be payable in accordance with Acuity’s regular payroll practices for executives as in effect from time to time. 
  
 4.2 Benefits. Executive will be entitled to participate in all
employee benefit plans and perquisites of Acuity in effect from time to time (including health, life, disability, dental, and retirement plans) in which executive officers of Acuity are entitled to participate. 
  
 4.3 Annual Incentive. Executive will be eligible for an annual
incentive payment in accordance with the Management Compensation and Incentive Plan (the “Incentive Plan”) and the Plan Rules thereunder in effect for each year. Pursuant to Plan Rules: (a) the amount of the incentive payment will be
determined by ALG’s overall financial performance and Executive’s individual performance, and (b) Executive’s target bonus will be 60% of base salary for the fiscal year ending August 31, 2006. Executive’s target bonus
for future years will be determined by the Board. The Incentive Plan and the Plan Rules thereunder may be modified at any time in Acuity’s sole discretion, subject to any applicable shareholder approval requirements. 
  
 4.4 Stock Options. As of the Effective Date, Acuity has granted
Executive options to acquire 160,000 shares of Company Stock which will vest annually over 4 years commencing one year from the grant date, such that the options will be fully vested upon the fourth anniversary of the date of grant. This Stock
Option grant is subject to the additional terms and conditions set forth in a separate Stock Option Agreement, which will be consistent with the agreements for other executive officers except as otherwise provided herein. 
  
 4.5 Severance Agreement. Executive’s Severance Agreement with
Acuity, dated as of January 20, 2004 (“Severance Agreement”), will continue in effect and will be amended to reflect Executive’s new title and responsibilities under this Agreement and to delete restrictions related to the
business of Acuity Specialty Products. Executive and Acuity will enter into such amendments to the Severance Agreement (or an amended and restated Severance Agreement) as may be necessary to reflect the changes in this Paragraph 4.5 

 August 1, 2005 
  Page
 3
 
  

 4.6 Change in Control of Acuity. Executive will continue to be covered by the Severance
Protection Agreement, dated as of November 30, 2001 (“SPA”), with Acuity, which shall be amended in the manner provided in the amendment to the Severance Protection Agreement attached hereto (the “SPA Amendment”).

  
 4.7 Supplemental Retirement Benefits. Executive will
continue to be covered by the Acuity Brands, Inc. 2002 Supplemental Executive Retirement Plan (“SERP”) and the Acuity Brands, Inc. Supplemental Deferred Savings Plan. Executive agrees that if he is entitled to a payment based upon the
crediting of additional service under the SERP pursuant to Section 3.1 (d) of the SPA (as amended by the SPA Agreement) and such service is also separately credited under the SERP, his retirement benefit under the SERP shall be reduced in
an equitable manner to reflect the payment under Section 3.1(d) of the SPA. 
  
 4.8 Director and Officer Insurance. During the term of the Agreement and for a period of three (3) years after Executive’s termination of employment, Executive shall be entitled to director and
officer liability insurance coverage for his acts and omissions while an officer or director of Acuity and ALG on a basis no less favorable to Executive than the coverage provided to then current officers and directors. 
  
 4.9 Legal Expenses. Acuity shall promptly pay the reasonable legal
fees and expenses incurred by Executive in connection with the negotiation and execution of this Agreement, the Stock Option Agreement and the amendments to the Severance Agreement and the Severance Protection Agreement. 
  
 4.10 Supplemental Payment. If, during the three-year period
commencing on the Effective Date, Acuity elects as its President an individual other than Vernon J. Nagel or Executive (the date of such election is hereinafter referred to as the “Election Date”), Executive shall be entitled to receive a
lump sum payment of $500,000 (subject to all applicable withholding taxes), on the date six (6) months after the Election Date (such date is hereinafter referred to as the “Retention Date”), provided that Executive must remain
employed by Acuity or ALG until the Retention Date to receive the payment under this Paragraph 4.10. The payment under this Section 4.10 shall be made within five (5) days after the Retention Date. 
  
 If the Executive is eligible for the payment under the preceding paragraph,
but his employment is terminated under circumstances that entitle him to benefits under Section 3.1 (b) of the SPA or Section 4 of the Severance Agreement, less than six months after the Election Date, the Executive shall be entitled
to receive the compensation and benefits provided pursuant to Section 3.1(b) of the Severance Protection Agreement or Section 4 of the Severance Agreement and not the payment under the preceding paragraph. 

 August 1, 2005 
  Page
 4
 
  

 5. Confidentiality, Non-Solicitation and Non-Competition. In consideration of the compensation and benefits
provided pursuant to this Agreement, Executive agrees that during the term of his employment by the Company and for the one year period following his termination of employment with the Company, Executive shall comply with the non-competition,
non-recruitment and non-disclosure restrictions attached hereto as Exhibits A, B and C, respectively (the “Restrictive Covenants”), provided, that if Executive is terminated by the Company without Cause or Executive terminates his
employment for Good Reason under circumstances that entitle Executive to receive compensation and benefits under the Severance Agreement, the restrictive covenants in Section 5.1 of the Severance Agreement shall apply to Executive after
termination of employment and not the Restrictive Covenants as defined above. The Company and Executive recognize that Executive may experience periodic material changes in his job title and/or to the duties, responsibilities or services that he is
called upon to perform on the behalf of Acuity and ALG. If Executive experiences such a material change, the parties shall, as soon as is practicable, enter into a signed, written addendum to Exhibit A hereto reflecting such material change.
Moreover, in the event of any material change in corporate organization (including, without limitation, spin-offs, split-offs, or public offerings of subsidiaries’ stock) on the part of the Direct Competitors set forth in Exhibit A hereto, the
parties agree to amend Exhibit A, as necessary, at the Company’s request, in order to reflect such change. Upon execution, any such written modification to Exhibit A shall represent an enforceable amendment to this Agreement and shall augment
and supplant the definitions of the terms Executive Services or Direct Competitor set forth in Exhibit A hereto, as applicable. 
  
 6. Assignability. This Agreement is binding on Acuity and ALG and any successors of Acuity and ALG. Acuity and ALG may assign this Agreement and their rights under
this Agreement in whole or in part to any corporation or other entity with or into which Acuity or ALG may merge or consolidate or to which Acuity or ALG may transfer all or substantially all of its respective assets. Acuity and ALG will require any
successor by merger or consolidation or transferee of all or substantially all of its assets, to expressly assume and agree to perform this Agreement in the same manner and to the same extent that Acuity and ALG would be required to perform it if no
such succession had taken place. 
  
 7. Amendment, Waiver. No provisions of
this Agreement may be modified, waived or discharged unless the waiver, modification or discharge is agreed to in writing signed by Executive and such officer or officers as may be specifically designated by the Board to sign on their behalf. No
waiver by any party at any time of any breach by any other party of, or compliance with, any condition or provision of this Agreement will be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent
time. 
  
 8. Governing Law. The validity, interpretation, construction and
performance of this Agreement will be governed by the laws of the United States where applicable and otherwise the substantive laws of the State of Georgia. 

 August 1, 2005 
  Page
 5
 
  

 9. Construction of Agreement. It is the intent of the parties that if any covenant or other provision hereof
is determined to be unenforceable in any part, that portion of the Agreement will be severed or modified by the Court so as to permit enforcement of the Agreement to the extent reasonable. It is agreed by the parties that the obligations set forth
herein will be considered to be independent of any other obligations between the parties, and the existence of any other claim or defense will not affect the enforceability of this Agreement. Except as otherwise expressly provided herein, all of the
consideration to be provided to Executive hereunder shall be paid or otherwise provided on and in accordance with and subject to Acuity’s and ALG’s standard policies, practices, terms and conditions applicable from time to time under
Acuity’s plans, programs, agreements and arrangements relating to compensation and benefits of the type agreed to be provided, including without limitation the terms and conditions of Acuity’s standard forms of stock option or other
applicable executive compensation agreements. Without limiting the foregoing, any and all benefit plans or other plans, programs, agreements and arrangements may be modified, amended, replaced or terminated at Acuity’s sole discretion unless
otherwise expressly provided therein or herein. 
  

			
	 Sincerely,

	
	 ACUITY BRANDS, INC.

		
	By:	 	 /s/ Vernon J. Nagel

	 	 	 Vernon J. Nagel, Chairman,
 President and Chief Executive Officer

 August 1, 2005 
  Page
 6
 
  

 I, John K. Morgan, have thoroughly read the terms and conditions contained in this letter pertaining to my employment
by Acuity Brands, Inc. and Acuity Lighting Group. I fully agree to be bound by these terms and conditions, including the Restrictive Covenants set forth in Paragraph 5. 
  

					
			
	 /s/ John K. Morgan
	 	 	 	 9/26/05

	 John K. Morgan
	 	 	 	 Date

 August 1, 2005 
  Page
 7
 
  

 EXHIBIT A 
 TO ACUITY BRANDS, INC. 
 AGREEMENT WITH JOHN K. MORGAN 
 DATED AS OF AUGUST 1, 2005 
  
 NON-COMPETITION COVENANT 
  

	1.	DEFINITIONS 

  
 Capitalized terms contained herein shall have the same meaning as those defined terms set forth in the Agreement. In addition, the following terms used in
this Exhibit “A” shall have the following meanings: 
  
 (A) “Direct Competitor” means the following entities: (1) Cooper Lighting, Inc.; (2) Genlyte Thomas Group LLC; (3) Juno Lighting, Inc.; and (4) Hubbell Lighting, Inc., as well as any of
their respective affiliates, subsidiaries and/or parent companies that are either located or transact business within the United States of America, but only to the extent each engages in the manufacture and/or sale of one or more of the following
classes of products: lighting fixtures, electric linear modular lighting systems comprised of plug-in relocatable modular wiring components, emergency lighting fixtures and systems (comprised of exit signs, emergency light units, back-up power
battery packs, and combinations thereof), battery powered lighting fixtures, electric lighting track units, hardware for mounting and hanging electrical lighting fixtures, LED replacement light emitting diode tubes, aluminum, steel and fiberglass
fixture poles for electric lighting, water pumps, drum faucets, light fixture lenses, sound and electromagnetic wave receivers and transmitters, flexible wiring systems and components (namely, flexible branch circuits, attachment plugs, receptacles,
connectors and fittings), emergency lighting unit inverters, electrical lighting controls, electrical dimming controllers and light switches for electric fixtures, dimming units (comprised of cabinets, control stations and wiring for control of
electrical lighting fixtures and electric loads), electronic sensing devices (namely, ultrasonic occupancy sensors and range extenders for lighting energy management), or lighting control systems (comprised of dimmers, low voltage switches,
programmable lighting controllers, lighting energy management occupancy sensors and timers, and range extenders for energy management); 
  
 (B) “Executive Services” means those principal duties and responsibilities that Executive performs on behalf of the Company
during his employment, as of the date hereof, as Chief Executive Officer of Acuity Lighting Group and Executive Vice President of Acuity Brands, Inc., in which capacity Executive: (1) serves as a member of a group of Executives 

 August 1, 2005 
  Page
 8
 
  

 
responsible for a multi-profit center organization, with responsibility for the profitability of two or more distinct profit centers; (2) develops,
coordinates and executes efforts directed towards enhancing branding, marketing, and business development capabilities; (3) works to develop strategic customers and key channels of distribution; (4) coordinates with departmental heads
concerning material business issues; (5) analyzes operations to pinpoint opportunities and areas that may need to be reorganized, down-sized, or eliminated; (6) confers with other Executives to coordinate and prioritize planning concerning
material business issues; (7) studies long-range economic trends and projects prospects for future growth in overall sales and market share, opportunities for acquisitions or expansion into new product areas; (8) serves as a member of the
Acuity Leadership Team, reviewing, discussing, evaluating, and participating in decisions concerning material business and management issues, cost structures, sales and growth opportunities, crisis management, strategic prospects, personnel issues,
litigation matters, leadership goals, and performance targets; and (9) provides support and analysis for key leadership analysis requirements; and 
  
 (C) “Restricted Period” means a period of one (1) year following termination of Executive’s employment with the
Company, other than a termination by the Company without Cause or by Executive for Good Reason (both as defined in the Severance Agreement). 
  

	2.	ACKNOWLEDGEMENTS 

  
 Executive acknowledges that during the period of his employment as Chief Executive Officer of Acuity Lighting Group and Executive Vice President of Acuity
Brands, Inc., he has and will render executive, strategic and managerial services, including the Executive Services, to and for the Company throughout the United States, which are special, unusual, extraordinary, and of peculiar value to the
Company. Executive further acknowledges that the services he performs on behalf of the Company, including the Executive Services, are at a senior managerial level and are not limited in their territorial scope to any particular city, state, or
region, but instead have nationwide impact throughout the United States. Executive further acknowledges and agrees that: (a) the Company’s business is, at the very least, national in scope; (b) these restrictions are reasonable and
necessary to protect the Confidential Information, business relationships, and goodwill of the Company; and (c) should Executive engage in or threaten to engage in activities in violation of these restrictions, it would cause the Company
irreparable harm which would not be adequately and fully redressed by the payment of damages to the Company. In addition to other remedies available to the Company, the Company shall accordingly be entitled to seek injunctive relief in any court of
competent jurisdiction for any actual or threatened breach by Executive of the provisions of this Exhibit A. Executive further acknowledges that he will 

 August 1, 2005 
  Page
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not be entitled to any compensation or benefits from the Company or any of its affiliates in the event of a final non-appealable judgment that he materially
breached his duties or obligations under this Exhibit A. 
  

	3.	NON-COMPETITION 

  
 Executive agrees that while employed by the Company and for a period equal to the Restricted Period thereafter, he will not, directly (i.e., as an
officer or employee) or indirectly (i.e., as an independent contractor, consultant, advisor, board member, agent, shareholder, investor, joint venturer, or partner), engage in, provide or perform any of the Executive Services on behalf of any
Direct Competitor anywhere within the United States. Nothing in this provision shall divest Executive from the right to acquire as a passive investor (with no involvement in the operations or management of the business) up to 1% of any class of
securities which is: (i) issued by any Direct Competitor, and (ii) publicly traded on a national securities exchange or over-the-counter market. 
  

	4.	SEPARABILITY 

  
 Executive acknowledges that the foregoing non-competition covenant is a separate and distinct obligation of Executive and is deemed to be separable from
the remaining covenants of the Agreement and its various exhibits. If any of the provisions of the foregoing covenant should ever be deemed to exceed the time, geographic, product, or other limitations permitted by applicable law in any
jurisdiction, then such provisions shall be deemed reformed in such jurisdiction to the maximum time, geographic, product, or other limitations permitted by applicable law. If any particular provision of the foregoing covenant is held to be invalid,
the remainder of the covenant and the remaining obligations of the Agreement and its various exhibits shall not be affected thereby and shall remain in full force and effect. 

 August 1, 2005 
  Page
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 EXHIBIT B 
 TO ACUITY BRANDS, INC. 
 AGREEMENT WITH JOHN K. MORGAN 
 DATED AS OF AUGUST 1, 2005 
  
 NON-RECRUITMENT COVENANT 
  

	1.	DEFINITIONS 

  
 The following terms used in this Exhibit “B” shall have the following meanings: 
  
 (A) “Person” means any individual, firm, partnership, association, corporation, limited liability
entity, trust, venture or other business organization, entity or enterprise; 
  
 (B) “Restricted Period” means a period of one (1) year following termination of Executive’s employment with the Company, other than a termination by the Company without Cause or by Executive for
Good Reason (both as defined in the Severance Agreement). 
  

	2.	NON-RECRUITMENT COVENANT 

  
 During the Restricted Period, the Executive will not, directly or indirectly, for himself or on behalf of any other Person, solicit, induce, persuade, or
encourage, or attempt to solicit, induce, persuade, or encourage, any management-level employee of the Company or the Company’s business unit in which the Executive was employed (if applicable) to terminate such employee’s position with
the Company, whether or not such employee is a full-time or temporary employee of the Company and whether or not such employment is pursuant to a written agreement, for a determined period or at will. 
  

	3.	SEPARABILITY 

  
 The Executive acknowledges that the foregoing covenant, as well as each of those covenants set forth in Exhibits A and C to the Agreement, is a separate
and distinct obligation of the Executive and is deemed to be separable from the remaining covenants. If any of the provisions of any other such covenant should ever be held invalid, the foregoing covenant shall not be affected thereby and shall
remain in full force and effect. 

 August 1, 2005 
  Page
 11
 
  

 EXHIBIT C 
  
 TO ACUITY BRANDS, INC. 
 AGREEMENT WITH JOHN K. MORGAN 
 DATED AS OF AUGUST 1, 2005 
  
 NON-DISCLOSURE COVENANT 
  

	1.	DEFINITIONS 

  
 The following terms used in this Exhibit “C” shall have the following meanings: 
  
 (A) “Trade Secrets” means information, without regard to form, relating to the Company’s
business which is not commonly known by or available to the public and which derives economic value, actual or potential, from not being generally known to other persons and is the subject of efforts that are reasonable under the circumstances to
maintain its secrecy or confidentiality, including, but not limited to, technical or nontechnical data, formulae, patterns, compilations, programs, devices, methods, techniques, drawings, processes, financial data, financial plans, product plans, or
lists of actual or potential customers or suppliers. 
  
 (B) “Confidential Information” means information of the Company which is non-public, proprietary and confidential in nature but is not a Trade Secret. 
  
 (C) “Person” means any individual, firm, partnership, association, corporation, limited liability
entity, trust, venture or other business organization, entity or enterprise; 
  
 (D) “Restricted Period” means a period of one (1) year following termination of Executive’s employment with the Company, other than a termination by the Company without Cause or by Executive for
Good Reason (both as defined in the Severance Agreement). 
  

	2.	NON-DISCLOSURE COVENANT 

  
 The Executive will not, directly or indirectly, for himself or on behalf of any other Person, use for the Executive’s own benefit or disclose to any
other party, any Trade Secrets or Confidential Information of the Company; provided, however, that Executive may make disclosures required by a valid order or subpoena issued by a court or administrative agency 

 August 1, 2005 
  Page
 12
 
  

 
of competent jurisdiction, provided, further that in the event disclosure is required by such an order or subpoena, Executive shall promptly notify the
Company prior to making any such disclosure so that the Company may seek an appropriate protective order to protect its interests. The foregoing confidentiality obligations shall continue (A) with respect to all Trade Secrets, at all times so
long as such Trade Secrets constitute trade secrets under applicable law, and (B) with respect to all Confidential Information, at all times during the Restricted Period. 
  

	3.	SEPARABILITY 

  
 The Executive acknowledges that the foregoing covenant, as well as each of those covenants set forth in Exhibits A and B to the Agreement, is a separate
and distinct obligation of the Executive and is deemed to be separable from the remaining covenants. If any of the provisions of any other such covenant should ever be held invalid, the foregoing covenant shall not be affected thereby and shall
remain in full force and effect.

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