AMENDMENT No. 7 TO ACUITY BRANDS, INC AMENDED AND RESTATED SEVERANCE AGREEMENT
Exhibit 10(iii)A(45)
AMENDMENT No. 7
TO
ACUITY BRANDS, INC
AMENDED AND RESTATED SEVERANCE AGREEMENT
THIS AMENDMENT made and entered into as of the 25th day of October, 2017, by and between ACUITY BRANDS, INC. (the “Company”) and XXXXXXX X. XXXXX (“Executive”);
W I T N E S S E T H
WHEREAS, the Company and Executive entered into a Severance Agreement, dated as of April 21, 2006 (“Severance Agreement”), and amended as of October 28, 2009, March 30, 2010, March 28, 2014, October 27, 2014, October 26, 2015, and October 25, 2016, providing for the payment of certain compensation and benefits to Executive if Executive’s employment is terminated under certain circumstances; and
WHEREAS, the parties now desire to amend the Severance Agreement in the manner hereinafter provided;
NOW, THEREFORE, the Severance Agreement is hereby amended, as follows:
1.
Section 4.2 is hereby amended by deleting “120%” from clause (i) and substituting “125%” in lieu thereof.
2.
This Amendment to the Severance Agreement shall be effective as of the date of this Amendment. Except as hereby modified, the Severance Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the day and year first above written.
COMPANY
EXECUTIVE ACUITY BRANDS, INC.
______________________________ By: ______________________________
XXXXXXX X. XXXXX Xxxxxx X. Xxxxx
Chairman, President and CEO
