Document:

Exhibit

Exhibit 10.27
July 1, 2014
Steven Pohl

Dear Steven,

Your contributions to Novelis are very important.  In recognition of this, the Company has put in place an enhancement to the existing LTI program. This “Bridge” plan was developed to supplement the LTIP while the new Novelis portion of the Plan matures. This program will provide you with a cash incentive in addition to your other compensation such as your base salary, annual bonus opportunity and long-term incentive opportunity.

The Bridge plan is in place for FY2015 and will be reviewed annually. 

You will receive three payments in the total amount of $40,000:

First Payment in December 2014        $20,000
Second Payment in December 2015        $10,000
Third Payment in December 2016        $10,000

Because this opportunity is designed to enhance our LTIP as a retention incentive, in the event that you voluntarily terminate your employment prior to December 31, 2016, or are terminated for cause, you will be required to repay any payments made under the Bridge plan in the previous 12 months, less applicable taxes, and any you will not be entitled to any other payments thereafter.  If you are terminated involuntarily without cause, any unpaid cash installments will be immediately cancelled but you will not be required to repay any cash payments you have received. 

Your acceptance of any payments under this award shall constitute your acceptance of the terms and conditions set forth above.

I am very pleased that we are able to offer you this opportunity and I look forward to you continuing to be a key member of the team as we focus on building an even more successful Novelis.

Sincerely,

Phil Martens
President and Chief Executive OfficerExhibit

  
Exhibit 10.28
  July 1, 2014
  Emilio Braghi

Dear Emilio,

Your contributions to Novelis are very important.  In recognition of this, the Company has put in place an enhancement to the existing LTI program. This “Bridge” plan was developed to supplement the LTIP while the new Novelis portion of the Plan matures. This program will provide you with a cash incentive in addition to your other compensation such as your base salary, annual bonus opportunity and long-term incentive opportunity.

The Bridge plan is in place for FY2015 and will be reviewed annually.

You will receive three payments in the total amount of $40,000

First Payment in December 2014    $20,000 
Second Payment in December 2015    $10,000
Third Payment in December 2016    $10,000

Because this opportunity is designed to enhance our LTIP as a retention incentive, in the event that you voluntarily terminate your employment prior to December 31, 2016, or are terminated for cause, you will be required to repay any payments made under the Bridge plan in the previous 12 months, less applicable taxes, and any you will not be entitled to any other payments thereafter.  If you are terminated involuntarily without cause, any unpaid cash installments will be immediately cancelled but you will not be required to repay any cash payments you have received.

Your acceptance of any payments under this award shall constitute your acceptance of the terms and conditions set forth above.

I am very pleased that we are able to offer you this opportunity and I look forward to you continuing to be a key member of the team as we focus on building an even more successful Novelis.

Sincerely,

  Phil Martens    

President and Chief Executive OfficeExhibit

Exhibit 10.32

January 16, 2015

Emilio Braghi
VP Sales & Operations
Novelis Asia

Dear Emilio

Your contributions to Novelis are very important.  In recognition of this, the Company has put in place an Retention incentive. This will provide you with a cash incentive in addition to your other compensation such as your base salary, annual bonus opportunity and long-term incentive opportunity.

You will receive three payments in the total amount of €259,045.00 (subject to tax withholding)
First Payment in March 2015 - €86,349
Second Payment in March 2016  €86,348
Third Payment in March 2017 €86,348

Because this opportunity is designed as a retention incentive, in the event that you voluntarily terminate your employment prior to March 31, 2018, or are terminated for cause, you will be required to repay any payments made under the Retention incentive in the previous 12 months, less applicable taxes, and you will not be entitled to any other payments thereafter.  If you are terminated involuntarily without cause, any unpaid cash installments will be immediately cancelled but you will not be required to repay any cash payments you have received. 

Your acceptance of any payments under this award shall constitute your acceptance of the terms and conditions set forth above.  

I am very pleased that we are able to offer you this opportunity and I look forward to you continuing to be a key member of the team as we focus on building an even more successful Novelis.

Sincerely,

Phil Martens
President and Chief Executive OfficerExhibit

Exhibit 10.33

June 2015
 Emilio Braghi

Dear Emilio,

Your contributions to Novelis are very important.  In recognition of this, the Company has put in place an enhancement to the existing long-term incentive plan (LTIP). This “Bridge” plan was developed to supplement the LTIP while the new Novelis portion of the Plan matures. This program will provide you with a cash incentive in addition to your other compensation such as your base salary, annual bonus opportunity and long-term incentive opportunity.

The Bridge plan is in place for FY2016 and will be reviewed and considered for FY2017.

You will receive three payments in the total amount of $50,000

First Payment in December 2015        $15,000
Second Payment in December 2016        $15,000
Third Payment in December 2017        $20,000
 

Because this opportunity is designed to enhance our LTIP as a retention incentive, in the event that you voluntarily terminate your employment prior to December 31, 2018, or are terminated for cause, you will be required to repay any payments made under the Bridge plan in the previous 12 months, less applicable taxes, and you will not be entitled to any other payments thereafter.  If you are terminated involuntarily without cause, any unpaid cash installments will be immediately cancelled, but you will not be required to repay any cash payments you have received.

Your acceptance of any payments under this award shall constitute your acceptance of the terms and  conditions set forth above.

I am very pleased that we are able to offer you this opportunity and I look forward to your continuing to be a key member of the team as we focus on building an even more successful Novelis.

Sincerely,

Steve Fisher
  Interim President & CEO and Senior Vice President and CFOExhibit

Exhibit 10.34

June 2016

Steven Fisher

Dear Steve,

In recognition of your critical contributions to the future of Novelis, the Company is awarding you a cash incentive in addition to your other compensation, subject to the terms and conditions set forth herein.

You will receive three payments in the total amount of $600,000, as follows:

First Payment in July 2016:    $180,000
Second Payment in July 2017:                      $180,000
Third Payment in July 2018:                         $240,000
 

Because this award is designed to be a retention incentive, in the event that you voluntarily terminate your employment or are terminated for cause, in either case within 12 months of receiving a payment hereunder, you will be required to repay any such amounts paid in the last 12 months (less applicable taxes), and any unpaid installments will not be paid.  If you are terminated without cause, any unpaid cash installments will be immediately cancelled, but you will not be required to repay any cash payments you have received.

Your acceptance of any payments under this award shall constitute your acceptance of the terms and  conditions set forth above.

I am very pleased that we are able to offer you this opportunity and I look forward to your continuing to be a key member of the team as we focus on building an even more successful Novelis.

Sincerely,

HR Shashikant
Senior Vice President and Chief Human Resources OfficerExhibit

Exhibit 10.35

20 June 2016

Steven Pohl

Dear Steve,

In recognition of your critical contributions to the future of Novelis, the Company is awarding you a cash incentive in addition to your other compensation, subject to the terms and conditions set forth herein.

You will receive two payments in the total amount of $200,000, as follows:

First Payment in July 2016:    $100,000
Second Payment in July 2017:    $100,000
 

Because this award is designed to be a retention incentive, in the event that you voluntarily terminate your employment or are terminated for cause, in either case within 12 months of receiving a payment hereunder, you will be required to repay any such amounts paid in the last 12 months (less applicable taxes), and any unpaid installments will not be paid.  If you are terminated without cause, any unpaid cash installments will be immediately cancelled, but you will not be required to repay any cash payments you have received.

Your acceptance of any payments under this award shall constitute your acceptance of the terms and  conditions set forth above.

I am very pleased that we are able to offer you this opportunity and I look forward to your continuing to be a key member of the team as we focus on building an even more successful Novelis.

Sincerely,

HR Shashikant
Senior Vice President and Chief Human Resources OfficerExhibit

Exhibit 10.36

July 29, 2016
Steven Pohl

Dear Steven,

Your contributions to Novelis are very important.  In recognition of this, the Company has put in place an enhancement to the FY2017 Long-Term Incentive Plan (LTIP), known as the “Bridge Award”. The Bridge Award is intended to encourage you to remain with Novelis by supplementing you with a cash incentive while the new Novelis Performance Unit component of the FY2017 LTIP matures. The Bridge Award is in addition to your other compensation such as your base salary, annual bonus opportunity and long-term incentive opportunity.

You will receive three payments for the FY2017 Bridge Award in the total amount of $ 75,000.

First Payment in December 2016        $ 22,500
Second Payment in December 2017        $ 22,500
Third Payment in December 2018        $ 30,000
 
Because this opportunity is designed to enhance our LTIP as a retention incentive, in the event that you voluntarily terminate your employment prior to December 31, 2019, or are terminated for cause, you will be required to repay the gross amount of any payments made under the Bridge plan in the previous 12 months  and you will not be entitled to any other payments thereafter. If you are terminated involuntarily without cause, any unpaid cash installments will be immediately cancelled, but you will not be required to repay any cash payments you have received.

Your acceptance of any payments under this award shall constitute your acceptance of the terms and conditions set forth above.

I am very pleased that we are able to offer you this opportunity and I look forward to your continued support as a key member of the team as we focus on building an even more successful Novelis.

Regards,

Steve Fisher
  President and Chief Executive Officer 
  Novelis Inc.

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