Amendment No. 1 to Severance Agreement between Acuity Brands Lighting, Inc. and Karen J. Holcom

Summary

Acuity Brands Lighting, Inc. and executive Karen J. Holcom have agreed to amend their existing Severance Agreement, originally dated March 28, 2018. This amendment, effective May 28, 2019, changes the definition of the "Severance Period" to a period of twelve months from the executive's termination date. All other terms of the original Severance Agreement remain unchanged.

EX-10.(III)A(52) 4 ayi-20190831xex10iiia52.htm EXHIBIT 10.(III)A(52) Exhibit

Exhibit 10(iii)A(52)

AMENDMENT NO. 1

ACUITY BRANDS LIGHTING, INC.

SEVERANCE AGREEMENT

THIS AMENDMENT made and entered into as of May 28, 2019, by and between ACUITY BRANDS LIGHTING, INC. (the “Company”) and Karen J. Holcom (“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/ Karen J. Holcom	By:	/s/ Vernon J. Nagel
Karen J. Holcom		VERNON J. NAGEL
		Chairman, President and CEO