ACUITY BRANDS, INC. LONG TERM INCENTIVE PLAN FISCA

Exhibit 10(iii)A(47)

Acuity Brands, Inc.

Long-Term Incentive Plan

Fiscal Year 2006 Plan Rules for Executive Officers

During the first quarter of fiscal year 2006, the Compensation Committee of the Board of Directors of Acuity Brands, Inc. adopted plan rules for potential restricted stock awards to be earned by executive officers for performance during fiscal year 2006 under the Corporation’s Long-Term Incentive Plan. The plan rules for each executive officer consist of a target award value, stated as a percentage of gross salary, subject to the application of negative discretion by the Committee. The target award is b