Page 34 Exhibit 10(iii)A(3) AMENDMENT OF ASPIRATION ACHIEVEMENT INCENTIVE AWARD AGREEMENT AND ELECTION FORM WHEREAS, the undersigned Participant was granted an Aspiration Award under the NSI Long-Term Achievement Incentive Plan (the "Plan") for the...Aspiration Achievement Incentive Award Agreement • January 14th, 2000 • National Service Industries Inc • Electric lighting & wiring equipment
Page 33 Exhibit 10(iii)A(2) Name National Service Industries, Inc. 1420 Peachtree Street, NE Atlanta, Georgia 30309-3002 Re: Amendment of Aspiration Award Agreement for the Performance Cycle Ended August 31,1999 Dear ((Familiar)): As you know, you and...Aspiration Award Agreement • January 14th, 2000 • National Service Industries Inc • Electric lighting & wiring equipment
As you know, you and NSI previously entered into an agreement amending the Aspiration Achievement Incentive Award Agreement dated September 17, 1996 ("Aspiration Award Agreement") relating to the Performance Cycle ended August 31, 1999. Under that amendment, you elected to receive payment of all or a portion of your Award under the Aspiration Award Agreement in the form of stock options to be determined based on the Fair Market Value of NSI's stock, and the associated exchange rate, as of the Determination Date, each as defined in the amendment. As of October 7, 1999 (the Determination Date), the Fair Market Value of NSI's stock was $32.8125 and the associated exchange rate was 24.35%. Based on these factors, $((Cash)) of your award would be exchanged for options for ((Option)) shares. It was originally contemplated that the options would be granted to you on October 7, 1999.
