Employment Letter Agreement between Acuity Brands and John Morgan (Relocation and Advancement Terms)

Summary

This agreement outlines the terms of John Morgan's new role at Acuity Brands, focusing on his transition from Lithonia to Holophane and increased corporate responsibilities. The company will cover his relocation expenses from Ohio to Atlanta, including moving costs, real estate fees, and a one-time payment equal to one month's salary. If he buys a home in Atlanta before selling his Ohio home, the company will help arrange a bridge loan. If he is required to relocate again within three years, the company will reimburse any loss on the sale of his Atlanta home, up to $80,000, adjusted for taxes.

EX-10.III(A)(71) 40 g72719ex10-iiia71.txt EMPLOYMENT LETTER AGREEMENT Exhibit 10(iii)A(71) [NSI Logo] PERSONAL & CONFIDENTIAL TO: John Morgan FROM: Jim Balloun DATE: October 24, 2001 GOING FORWARD - -------------------------------------------------------------------------------- We've re-organized Lithonia to relieve you of responsibilities there so you can give full attention to driving improvements at Holophane and begin to take leadership for corporate initiatives. I expect that this will lead to more responsibility and advancement in Acuity Brands. You will be located in Atlanta and you will be traveling to Ohio and other locations. It is in our interest that you move from Ohio to Atlanta, and you intend to purchase a home here. The company will provide a relocation benefit consisting of the following: (a) your expenses for moving your household effects to Atlanta; (b) brokerage and closing costs (up to two points) you incur in connection with the sale of your home in Ohio and the purchase of a home in Atlanta; and, (c) when you move, a one-time payment of one month's salary to assist you in the relocation. In addition to the foregoing, we will assist you in obtaining a bridge loan through the company should you purchase a home in Atlanta prior to selling your home in Ohio. Finally, in the unlikely event that you are asked to re-locate within the next three years, we will reimburse you for the difference, if any, between what you paid for your house and the selling price. This is not to exceed $80,000, and will be grossed up for tax impact. I hope this transition goes smoothly. I look forward to working together to make it a roaring success. cc: Joe Parham