AMENDMENT NO. 1 TO ACUITY BRANDS LIGHTING, INC. SEVERANCE AGREEMENT
Exhibit 10(iii)A(52)
AMENDMENT NO. 1
TO
ACUITY BRANDS LIGHTING, INC.
THIS AMENDMENT made and entered into as of May 28, 2019, by and between ACUITY BRANDS LIGHTING, INC. (the “Company”) and Xxxxx X. Xxxxxx (“Executive”);
W I T N E S S E T H
WHEREAS, the Company and Executive entered into a Severance Agreement, dated as of March 28, 2018 (“Severance Agreement”), 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 2.9 is hereby replaced in its entirety by the following: |
2.9 “Severance Period” - A period equal to twelve (12) months from the Executive’s Date of Termination.
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 LIGHTING, INC. | ||
/s/ Xxxxx X. Xxxxxx | By: | /s/ Xxxxxx X. Xxxxx | |
Xxxxx X. Xxxxxx | XXXXXX X. XXXXX | ||
Chairman, President and CEO |