Document:

EX-10.3

Exhibit 10.3

CHANGE IN CONTROL AGREEMENT

     This Agreement is effective as of the date it is signed by both Novelis Inc., a Canadian
corporation (the “Company”), and _________ (“Executive”).

     WHEREAS, the Company’s Board of Directors has determined that it is in the best interest of
the Company’s shareholders to reinforce and encourage the continued attention and dedication of
members of the Company’s management, including Executive, to their assigned duties without
distraction in potentially disturbing circumstances arising from the possibility of a Change in
Control; and

     WHEREAS, this Agreement sets forth the payments and other benefits to which Executive will be
entitled upon certain conditions if Executive’s employment with the Company terminates.

     NOW, THEREFORE, in consideration of the premises and mutual covenants and agreements set forth
below, it is hereby agreed as follows:

     1. Term. This Agreement shall terminate, except to the extent that any obligation of
the Company hereunder remains unpaid as of such time, upon the earlier of:

	 	(a)	 	June 15, 2011, unless a Change in Control occurs on or
before such date; or
	 
	 	(b)	 	Twenty-four (24) months following the date of a Change in
Control.

     2. Payment upon Termination of Employment.

	 	(a)	 	Events Giving Rise to Benefits. Executive shall be
entitled to payments and other benefits as set forth in Sections 2(b) and 2(c)
if the Company shall terminate Executive’s employment other than for Cause, or
Executive shall terminate his or her employment for Good Reason, within
twenty-four (24) months after a Change in Control. Executive’s right to receive
compensation and benefits under this Agreement shall be subject to the terms
and conditions of the Company’s release from and waiver by Executive of claims,
non-compete agreement and non-solicitation agreement for executive employees.
No payments or benefits shall be paid pursuant to this Agreement unless
Executive executes such release and waiver of claims, non-compete agreement and
non-solicitation agreement. The release shall not release Executive’s right to
receive indemnification and defense from the Company for any claims arising out
of the performance of Executive’s duties on behalf of the Company. Termination
of employment due to Cause,

 

	 	 	 	Death, Disability or Retirement at any time shall not give rise to any
rights to compensation or benefits under this Agreement.

	 	(b)	 	Severance Pay. In accordance with Section 2(a) above,
the Company shall pay a lump sum cash amount equal to:
	 
	 	 	 	[A x (B + C)] - D, where
	 
	 	 	 	“A” equals a multiplier of 2.0:
	 
	 	 	 	“B” equals Executive’s annual base salary (including all amounts of such
base salary that are voluntarily deferred under any qualified and
non-qualified plans of the Company) determined at the rate in effect as of
the date of such termination of employment;
	 
	 	 	 	“C” equals Executive’s target short term incentive opportunity for the
fiscal year in which such Change in Control occurs; and
	 
	 	 	 	“D” equals the amount of severance payments, if any, paid or payable to
Executive by the Company other than pursuant to this Agreement; it being
expressly understood that the purpose of this deduction is to avoid any
duplication of payments to Executive.
	 
	 	 	 	Except to the extent payment is required to be delayed pursuant to Section
2(d) below, payment shall be made by the thirtieth (30th) day following the
effective date of the Executive’s termination of employment if such
termination occurs after a Change in Control.

	 	(c)	 	Other Benefits.

	 	(i)	 	If Executive is not eligible for retiree
medical benefits and is covered under the Company’s group health plan
at the time of the termination of employment, the Company shall pay an
additional lump sum cash amount for the purpose of assisting Executive
with the cost of post-employment medical continuation coverage equal
to: (C x M) / (1 - T), where
	 
	 	 	 	“C” equals the full monthly COBRA premium charged for coverage under
the Company’s group medical plan at Executive’s then current level of
coverage;
	 
	 	 	 	“M” equals twelve (12) months; and
	 
	 	 	 	“T” equals an assumed tax rate of 40%

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	 	 	 	Except to the extent payment is required to be delayed pursuant to
Section 2(d) below, payment shall be made by the thirtieth (30th) day
following the effective date of the Executive’s termination of
employment if such termination occurs after a Change in Control.
	 
	 	(ii)	 	To the extent available, Executive shall be
entitled to continue coverage under the Company’s group life plan for a
period of twelve (12) months at Executive’s pre-termination level of
coverage.
	 
	 	(iii)	 	Executive shall be entitled to twelve (12)
months of additional credit for benefit accrual and contribution
allocation purposes including credit for age, service and earnings pro
rated over twelve (12) months under the Company’s tax-qualified and
non-qualified pension, savings or other retirement plans; provided that
if applicable provisions of the Code prevent payment in respect of such
credit under the Company’s tax-qualified plans, such payments shall be
made under the Company’s non-qualified plans.
	 
	 	(iv)	 	To the extent Executive is not already fully
vested under the Company’s tax-qualified and non-qualified retirement
pension, savings and other retirement plans, Executive shall become
100% vested under such plans; provided that if applicable provisions of
the Code prevent accelerated vesting under the Company’s tax-qualified
plans, an equivalent benefit shall be payable under the Company’s
non-qualified plans.

	 	(d)	 	Notwithstanding the foregoing provisions of this Section 2 or
any other provision in this Agreement to the contrary, if Executive is a
“specified employee” within the meaning of Code Section 409A, then all payments
under this Agreement shall be delayed for a period of six (6) months to the
extent required by Section 409A.

     3. Definitions. Except as otherwise provided under this Agreement, the following
capitalized terms used within this Agreement shall have the meaning set forth below:

	 	(a)	 	“Cause” means only (i) Executive’s conviction of any crime
(whether or not involving the Company) constituting a felony in the applicable
jurisdiction; (ii) willful and material violation of the Company’s policies,
including, but not limited to those relating to sexual harassment and
confidential information; (iii) willful

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	 	 	 	misconduct in the performance of Executive’s duties for the Company; or (iv)
willful and repeated failure or refusal to perform the Executive’s material
duties and responsibilities which is not remedied within ten (10) days after
written demand from the board of directors to remedy such failure or
refusal.

	 	(b)	 	“Change in Control” means the first to occur of any of the
following events:

	 	(i)	 	any person or entity (excluding any person or
entity affiliated with the Aditya Birla Group) is or becomes the
beneficial owner, directly or indirectly through any parent entity of
the Company or otherwise, of securities of the Company (not including
in the securities beneficially owned by such person or entity any
securities acquired directly from the Company or its affiliates, other
than in connection with the acquisition by the Company or its
affiliates of a business) representing 35% or more of either the then
outstanding shares of common stock of the Company or the combined
voting power of the Company’s then outstanding securities; or
	 
	 	(ii)	 	the majority of the members of the Board of
Directors of the Company is replaced during any 12-month period by
directors whose appointment or election is not endorsed by a majority
of the members of the Board prior to the date of the appointment or
election; or
	 
	 	(iii)	 	the consummation of a merger or consolidation
of the Company with any other entity not affiliated with the Aditya
Birla Group, other than (a) a merger or consolidation which would
result in the voting securities of the Company outstanding immediately
prior to such merger or consolidation continuing to represent (either
by remaining outstanding or by being converted into voting securities
of the surviving entity or any parent thereof), in combination with the
ownership of any trustee or other fiduciary holding securities under an
employee benefit plan of the Company, 50% or more of the combined
voting power of the voting securities of the Company or such surviving
entity or any parent thereof outstanding immediately after such merger
or consolidation, or (b) a merger or consolidation effected to
implement a recapitalization of the Company (or similar transaction) in
which no person or entity is or becomes the beneficial owner, directly
or indirectly, of securities of the Company (not including in the
securities beneficially owned by such person or entity any securities
acquired directly from the Company or its affiliates, other than in
connection with

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	 	 	 	the acquisition by the Company or its affiliates of a business)
representing 50% or more of either the then outstanding shares of
common stock of the Company or the combined voting power of the
Company’s then outstanding securities; or
	 
	 	(iv)	 	the stockholders of the Company approve a plan
of complete liquidation or dissolution; or
	 
	 	(v)	 	the sale or disposition of all or substantially
all of the Company’s assets, other than a sale or disposition by the
Company of all or substantially all of its assets to a member of the
Aditya Birla Group.

	 	 	 	Notwithstanding the foregoing, no “Change in Control” shall be deemed to
have occurred if there is consummated any transaction or series of
integrated transactions immediately following which the record holders of
the common stock of the Company immediately prior to such transaction or
series of transactions continue to have substantially the same proportionate
ownership in an entity which owns all or substantially all of the assets of
the Company immediately following such transaction or series of
transactions.
	 
	 	 	 	For purposes of this Section, “beneficial ownership” shall be determined in
accordance with Rule 13d-3 under the Securities Exchange Act of 1934, as
amended
	 
	 	(c)	 	“Code” means the Internal Revenue Code of 1986, as amended. Any
reference to a section of the Code shall include such section and any
comparable section or sections of any future legislation that amends,
supplements or supersedes such section.
	 
	 	(d)	 	“Disability” means Executive is permanently and totally
disabled and unable to engage in any substantial gainful activity by reason of
any medically determinable physical or mental impairment which can be expected
to result in death or which has lasted or can be expected to last for a
continuous period of twelve months.
	 
	 	(e)	 	“Good Reason” means any of the following if it shall occur
without Executive’s express written consent: (i) a material reduction in
Executive’s position, duties, reporting relationships, responsibilities,
authority, or status with the Company; (ii) a material reduction in Executive’s
base salary and target short term and long term incentive opportunities in
effect on the date hereof or as the same may be increased from time to time
during the term of this Agreement; (iii) any requirement that Executive
relocate more than fifty (50) miles from the area in which Executive regularly
performs

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	 	 	 	his or her duties for the Company, except for required travel by Executive
on the Company’s business to an extent substantially consistent with
Executive’s normal business travel obligations; or (iv) any failure of the
Company to comply with its obligations under this Agreement, in each case
which is not remedied within ten (10) days after written demand by Executive
to remedy such reduction or failure.
	 
	 	(f)	 	“Retirement” means Executive’s voluntary retirement on or after
qualifying for early or normal retirement under the applicable Company pension
plan in which such Executive participates.

     4. Notice of Termination. Any termination of Executive’s employment for any reason
shall take effect pursuant to a written notice of termination to the other party. Such notice must
set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Executive’s employment pursuant to this Agreement. No such
purported termination of employment shall be effective without such written notice of termination
conforming to the requirements of this Section.

     5. No Obligation to Mitigate Damages: No Effect on Other Contractual Rights.

	 	(a)	 	Executive shall not be required to mitigate damages or the
amount of any payment provided for under this Agreement by seeking other
employment or otherwise, nor shall the amount of any payment provided for under
this Agreement be reduced by any compensation earned by Executive as the result
of employment by another employer after Executive’s termination of employment,
or otherwise.
	 
	 	(b)	 	The provisions of this Agreement, and any payment provided for
hereunder, shall not reduce any amounts otherwise payable, or in any way
diminish Executive’s existing rights, or rights which would accrue solely as a
result of the passage of time, under any employee benefit plan or arrangement
providing retirement benefits or health, life, disability or similar welfare
benefits.

     6. Successor to the Company.

	 	(a)	 	The Company will require any successor or assign (whether
direct or indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Company to absolutely
and unconditionally to assume and agree to perform this Agreement in the same
manner and to the same extent that the Company would be required to perform it
if no such succession or assignment had taken place. Any failure of the Company
to obtain such assumption and agreement prior to the effectiveness of any

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	 	 	 	such succession or assignment shall entitle Executive to terminate
Executive’s employment for Good Reason.
	 
	 	(b)	 	This Agreement shall inure to the benefit of and be enforceable
by Executive’s personal and legal representatives, executors, administrators,
successors, heirs, distributees, devisees and legatees. If Executive should die
while any amounts are still payable to him or her hereunder, all such amounts,
unless otherwise provided herein, shall be paid in accordance with the terms of
this Agreement to Executive’s devisee, legatee, or other designee, or if there
be no such designee, to Executive’s estate. The services to be provided by
Executive to the Company under this Agreement are personal and are not
delegable or assignable.

     7. Notice. Notices and all other communications provided for in the Agreement shall be
in writing and shall be deemed to have been duly given when delivered or mailed by certified or
registered mail, return receipt requested, postage prepaid, as follows:

If to the Company:

Novelis Inc.

Attn: Vice President, Human Resources

Lenox Building

3399 Peachtree Road NE, Suite 1500

Atlanta, Georgia 30326

     If to Executive, to the address of Executive on the books of the Company

Another address may be used if a party has furnished a different address to the other party in
writing in accordance herewith, except that notices of change of address shall be effective only
upon receipt.

     8. Sole Agreement. This Agreement (together with any signed employment agreement)
represents the entire agreement between the parties with respect to the matters contemplated
herein. No agreements or representations, oral or otherwise, express or implied, with respect to
the subject matter hereof have been made by either party which are not set forth expressly in this
Agreement.

     9. Validity. The invalidity or unenforceability of any provisions of this Agreement
shall not affect the validity or enforceability of any other provision of this Agreement, which
shall remain in full force and effect.

     10. Counterparts. This Agreement may be executed in one or more counterparts, each of
which shall be deemed to be an original but all of which together will constitute one and the same
instrument.

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     11. Legal Fees and Expenses. The Company shall pay all legal fees and expenses which
Executive reasonably may incur as a result of the Company’s contesting the validity, enforceability
or Executive’s interpretation of, or determinations under, this Agreement except to the extent
Executive’s position is frivolous or carried out in bad faith.

     12. Confidential Information. Executive agrees not to disclose during the term hereof
or thereafter any of the Company’s confidential or trade secret information, except as required by
law. Executive recognizes that Executive shall be employed in a sensitive position in which, as a
result of a relationship of trust and confidence, Executive will have access to trade secrets and
other highly confidential and sensitive information.

     Executive further recognizes that the knowledge and information acquired by Executive
concerning the Company’s materials regarding employer/employee contracts, customers, pricing
schedules, advertising, manuals, systems, procedures and forms represent the most vital part of the
Company’s business and constitute by their very nature, trade secrets and confidential knowledge
and information. Executive hereby stipulates and agrees that all such information and materials
shall be considered trade secrets and confidential information. If it is at any time determined
that any of the information or materials identified in this Section are, in whole or in part, not
entitled to protection as trade secrets, they shall nevertheless be considered and treated as
confidential information in the same manner as trade secrets, to the maximum extent permitted by
law. Executive further agrees that all such trade secrets or other confidential information, and
any copy, extract or summary thereof, whether originated or prepared by or for Executive or
otherwise coming into Executive’s knowledge, possession, custody, or control, shall be and remain
the exclusive property of the Company.

     13. Withholding. Taxes resulting from any benefits received under this Agreement are
for the account of the Executive. The Company may withhold from any benefits payable under this
Agreement all applicable taxes and other amounts as shall be required pursuant to any law or
governmental regulation or ruling.

     14. Non-Bindinq Arbitration; Claim Venue. Any claim or controversy arising out of or
relating to this Agreement or any breach thereof shall be subject to non-binding arbitration before
either party may seek any other legal recourse. Any such arbitration shall take place in Atlanta,
Georgia, in accordance with the rules of the American Arbitration Association. Each party further
submits to the exclusive jurisdiction of the Georgia state courts and the United States District
Court for the Middle District of Georgia (Atlanta, Georgia) and irrevocably waives, to the fullest
extent permitted by law, any objections that either party may now or hereafter have to the
aforesaid venue, including without limitation any claim that any such proceeding brought in either
such court has been brought in an inconvenient forum, provided however, this provision shall not
limit the ability of either party to enforce the other provisions of this Section.

     15. Code Section 409A. To the extent applicable, this Agreement shall be interpreted
in accordance with Section 409A of the Code and the applicable U.S.

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Treasury regulations and other interpretative guidance issued there under, including without
limitation any regulations or other guidance that may be issued after the effective date of this
Agreement. Notwithstanding any provision of the Agreement to the contrary, the Company may adopt
such amendments to the Agreement or adopt other policies and procedures, or take any other actions
that the Company determines is necessary or appropriate to exempt the Agreement from Section 409A
and/or preserve the intended tax treatment of the benefits provided hereunder, or to comply with
the requirements of Section 409A and related U.S. Treasury guidance.

     16. Attachment. Except as required by law, the right to receive payments under this
Agreement shall not be subject to anticipation, sale, encumbrance, charge, levy, or similar process
or assignment by operation of law.

     17. Waivers. Any waiver by a party or any breach of this Agreement by another party
shall not be construed as a continuing waiver or as consent to any subsequent breach by the other
party. Except as otherwise expressly set forth herein, no failure on the part of any party hereto
to exercise and no delay in exercising any right, power or remedy hereunder shall operate as a
waiver thereof, nor shall any single or partial exercise of any right, power or remedy hereunder
preclude any other or further exercise thereof or the exercise of any other right, power or remedy.

     18. Headings. The headings of the sections of this Agreement have been inserted for
convenience of reference only and shall in no way restrict or modify any of the terms or provisions
hereof.

     19. Governing Law. This Agreement shall be governed and construed under the laws of
the State of Georgia.

THIS CONTRACT CONTAINS AN ARBITRATION PROVISION WHICH MAY BE ENFORCED BY THE PARTIES.

NOVELIS INC.

	 	 	 	 	 
	By:

	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Date:
	 	 	 	 
	 

	 	 	 	 

EXECUTIVE

	 	 	 	 	 
	By:

	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Date:
	 	 	 	 
	 

	 	 	 	 

9EX-10.4

Exhibit 10.4

SEVERANCE COMPENSATION AGREEMENT

          This Agreement is effective as of the date it is signed by both Novelis Inc., a Canadian
corporation (the “Company”), and                      (“Executive”).

          WHEREAS, the Company’s Board of Directors has determined that it is in the best interest of
the Company’s shareholders to reinforce and encourage the continued attention and dedication of
members of the Company’s management, including Executive, to their assigned duties without
distraction in potentially disturbing circumstances arising from the termination of Executive’s
employment other than for Cause; and

          WHEREAS, this Agreement sets forth the payments and other benefits to which Executive will be
entitled upon certain conditions if the Company terminates Executive’s employment other than for
Cause.

          NOW, THEREFORE, in consideration of the premises and mutual covenants and agreements set forth
below, it is hereby agreed as follows:

	1.	 	Severance and Other Termination Benefits

Executive shall be entitled to severance and other benefits if the Company terminates Executive’s
employment other than for Cause defined as follows:

“Cause” means only (i) Executive’s conviction of any crime (whether or not involving the
Company) constituting a felony in the applicable jurisdiction; (ii) willful and material
violation of the Company’s policies, including, but not limited to, those relating to sexual
harassment and confidential information; (iii) willful misconduct in the performance of
Executive’s duties for the Company; or (iv) willful failure or refusal to perform Executive’s
material duties and responsibilities which is not remedied within ten (10) days after written
demand from the board of directors to remedy such failure or refusal.

Executive’s right to receive severance and benefits shall be subject to the terms and conditions of
the Company’s release from and waiver by Executive of claims, non-compete agreement and
non-solicitation agreement for executive employees. No payments or benefits shall be paid unless
Executive executes such release and waiver of claims, non-compete agreement and non-solicitation
agreement. The release shall not release Executive’s right to receive indemnification and defense
from the Company for any claims arising out of the performance of Executive’s duties on behalf of
the Company. Termination of employment due to Cause, Death, Disability or Retirement at any time
shall not give rise to any rights to compensation.

(a) Severance Pay. The Company shall pay a lump sum cash amount equal to: [A x (B)] – C,
where

“A” equals a multiplier of 1.5

“B” equals Executive’s annual base salary (including all amounts of such base salary that
are voluntarily deferred under any qualified and non-qualified plans of the Company)
determined at the rate in effect as of the date of such termination of employment;

 

 

“C” equals the amount of severance payments, if any, paid or payable to Executive by the
Company other than pursuant to this Agreement; it being expressly understood that the
purpose of this deduction is to avoid any duplication of payments to Executive.

(b) Other Benefits.

(i) If Executive is not eligible for retiree medical benefits and is covered under the
Company’s group health plan at the time of Executive’s termination of employment, the
Company shall pay an additional lump sum cash amount for the purpose of assisting Executive
with the cost of post-employment medical continuation coverage equal to: (C x M) / (1 – T),
where

“C” equals the full monthly COBRA premium (or equivalent) charged for coverage under the
Company’s group medical plan at Executive’s then current level of coverage;

“M” equals twelve (12) months; and

“T” equals an assumed tax rate of 40%.

(ii) To the extent available, Executive shall be entitled to continue coverage under the
Company’s group life plan for a period of twelve (12) months at Executive’s pre-termination
level of coverage.

(iii) Executive shall be entitled to twelve (12) months of additional credit for benefit
accrual and contribution allocation purposes including credit for age, service and earnings
prorated over twelve (12) months under the Company’s tax-qualified and non-qualified
pension, savings or other retirement plans; provided that if applicable provisions of tax
code prevent payment in respect of such credit under the Company’s tax-qualified plans, such
payments shall be made under the Company’s non-qualified plans.

(iv) To the extent Executive is not already fully vested under the Company’s tax-qualified
and non–qualified retirement pension, savings and other retirement plans, Executive shall
become 100% vested under such plans; provided that if applicable provisions of the Code
prevent accelerated vesting under the Company’s tax-qualified plans, an equivalent benefit
shall be payable under the Company’s non-qualified plans.

Notwithstanding the foregoing provisions of this paragraph 1 or any other provision in this
Agreement, if Executive is a “specified employee” within the meaning of Code Section 409A, then all
payments under this Agreement shall be delayed for a period of six (6) months to the extent
required by Section 409A.

Should Executive decide to voluntarily separate from the company Executive will have to give the
company a three (3) month notice and will not be entitled to any of the payments in this paragraph
1.

	2.	 	Code Section 409A

To the extent applicable, this Agreement shall be interpreted in accordance with Section 409A of
the Code and the applicable U.S. Treasury regulations and other interpretative guidance issued
thereunder, including without limitation any regulations or other guidance that may be

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issued after the effective date of this Agreement. Notwithstanding any provision of the Agreement
to the contrary, the Company may adopt such amendments to the Agreement or adopt other policies and
procedures, or take any other actions, that the Company determines is necessary or appropriate to
exempt the Agreement from Section 409A and/or preserve the intended tax treatment of the benefits
provided hereunder, or to comply with the requirements of Section 409A and related U.S. Treasury
guidance, as long as such changes do not reduce the overall compensation.

	3.	 	Confidential Information.

Executive agrees not to disclose during the term hereof or thereafter any of the Company’s
confidential or trade secret information, except as required by law. Executive recognizes that
Executive shall be employed in a sensitive position in which, as a result of a relationship of
trust and confidence, Executive will have access to trade secrets and other highly confidential and
sensitive information.

Executive further recognizes that the knowledge and information acquired by Executive concerning
the Company’s materials regarding employer/employee contracts, customers, pricing schedules,
advertising, manuals, systems, procedures and forms represent the most vital part of the Company’s
business and constitute by their very nature, trade secrets and confidential knowledge and
information. Executive hereby stipulates and agrees that all such information and materials shall
be considered trade secrets and confidential information. If it is at any time determined that any
of the information or materials identified in this Section are, in whole or in part, not entitled
to protection as trade secrets, they shall nevertheless be considered and treated as confidential
information in the same manner as trade secrets, to the maximum extent permitted by law. Executive
further agrees that all such trade secrets or other confidential information, and any copy, extract
or summary thereof, whether originated or prepared by or for Executive or otherwise coming into
Executive’s knowledge, possession, custody, or control, shall be and remain the exclusive property
of the Company.

	4.	 	Non-Competition

	4.1	 	Competing Entities: In this Agreement, “Competing Entities” includes any entity whose
major business operations consist of manufacturing or recycling of aluminum, alumina, or
downstream rolled aluminum products.
	 
	4.2	 	Competitive Activities: Executive covenants and agrees that, while employed with the
Company and for eighteen months thereafter, Executive shall not, directly or indirectly, in
any manner whatsoever including, without limitation, either individually, or in partnership,
jointly or in conjunction with any other person, or as employee, principal, agent, consultant,
director, shareholder, lender or otherwise:

	 	(a)	 	be engaged actively in or by any Competing Entities in order to provide
products or services similar to the products and services provided by the Company;
	 
	 	(b)	 	have any financial or other interest including, without limitation, an interest
by way of royalty or other compensation arrangements, in or in respect of any Competing
Entities, excluding the ownership of not more than 5% of the issued shares of any such
Competing Entities, the shares of which are listed on a recognized stock exchange or
traded in the over-the-counter market; or

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	 	(c)	 	advise, lend money to or guarantee the debts or obligations of any Competing
Entities.

	5.	 	Non-Solicitation

	5.1	 	Customers and Suppliers: Executive covenants and agrees that, while employed with the
Company and for 18 months thereafter, Executive will not, in any manner, directly or
indirectly, by any means, in any capacity, in order to direct away from the Company, approach,
solicit, or contact any customers or suppliers of the Company who have actively done business
with the Company in the preceding 18 months, or any prospective customer or supplier that the
Company approached, solicited or contacted in the preceding 18 months, or attempt to do any of
the foregoing, in order to offer or obtain services or products that compete with the business
of the Company (or any material part thereof) as conducted at the time of the cessation of the
Executive’s employment or during the twelve-month period prior to such date or contemplated to
be carried on in its most recent annual business plan.
	 
	5.2	 	Employees: Executive covenants and agrees that, while employed with the Company and for 18
months thereafter, Executive will not induce or solicit, or attempt to induce or solicit, or
assist any person to induce or solicit, any management or higher employee, contractor or
advisor of the Company, or assist or encourage any management or higher employee, contractor
or advisor of the Company, to accept employment, or engagement elsewhere that competes with
the business of the Company (or any material part thereof) as conducted at the time of the
cessation of Executive’s employment or any other business conducted by the Company during the
twelve-month period prior to such date or contemplated to be carried on in its most recent
annual business plan.

	6.	 	Withholding.

Taxes resulting from any benefits received under this Agreement are for the account of the
Executive. The Company may withhold from any benefits payable under this Agreement all applicable
taxes and other amounts as shall be required pursuant to any law or governmental regulation or
ruling.

	7.	 	Non-Bindinq Arbitration; Claim Venue.

Any claim or controversy arising out of or relating to this Agreement or any breach thereof shall
be subject to non-binding arbitration before either party may seek any other legal recourse. Any
such arbitration shall take place in Atlanta, Georgia, in accordance with the rules of the American
Arbitration Association. Each party further submits to the exclusive jurisdiction of the Georgia
state courts and the United States District Court for the Middle District of Georgia (Atlanta,
Georgia) and irrevocably waives, to the fullest extent permitted by law, any objections that either
party may now or hereafter have to the aforesaid venue, including without limitation any claim that
any such proceeding brought in either such court has been brought in an inconvenient forum,
provided however, this provision shall not limit the ability of either party to enforce the
other provisions of this Section.

	8.	 	Not an Employment Contract.

All the information in this Agreement, including eligibility for participation in compensation and
benefit plans, is subject to the terms of the applicable plan documents and policies, which are

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subject to change during the normal course of Company business. Except as otherwise provided in a
separate written agreement signed by an individual duly authorized to enter into such agreement on
behalf of the Company, Executive’s employment at Company is “at-will” and either Executive or
Company may decide to terminate the employment relationship at any time and for any reason, except
as provided by law or such separate agreement. The terms of this Agreement, therefore, do not and
are not intended to create either an express or implied contract of employment with Company for any
particular duration.

	9.	 	Successors and Assigns.

The Company will require any successor or assign (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all of the business and/or assets of the
Company to absolutely and unconditionally assume and agree to perform this Agreement in the same
manner and to the same extent that the Company would be required to perform it if no such
succession or assignment had taken place.

	10.	 	No Obligation to Mitigate Damages; No Effect on Other Contractual Rights.

10.1 Executive shall not be required to mitigate damages or the amount of any payment provided for
under this Agreement by seeking other employment or otherwise, nor shall the amount of any payment
provided for under this Agreement be reduced by any compensation earned by Executive as the result
of employment by another employer after Executive’s termination of employment, or otherwise.

10.2 The provisions of this Agreement, and any payment provided for hereunder, shall not reduce any
amounts otherwise payable, or in any way diminish Executive’s existing rights, or rights which
would accrue solely as a result of the passage of time, under any employee benefit plan or
arrangement providing retirement benefits or health, life, disability or similar welfare benefits.

	11.	 	Sole Agreement.

This Agreement represents the entire agreement between the parties with respect to the matters
contemplated herein. No agreements or representations, oral or otherwise, express or implied, with
respect to the subject matter hereof have been made by either party which are not set forth
expressly in this Agreement.

	12.	 	Validity.

The invalidity or unenforceability of any provisions of this Agreement shall not affect the
validity or enforceability of any other provision of this Agreement, which shall remain in full
force and effect.

	13.	 	Headings.

The headings of the sections of this Agreement have been inserted for convenience of reference only
and shall in no way restrict or modify any of the terms or provisions hereof.

	14.	 	Governing Law.

5 

 

This Agreement shall be governed by, and shall be construed in accordance with, the internal laws
(and not the laws of conflicts) of the State of Georgia.

THIS CONTRACT CONTAINS AN ARBITRATION PROVISION WHICH MAY BE ENFORCED BY THE PARTIES.

	 	 	 	 	 
	NOVELIS INC.
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	Date:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	EXECUTIVE
	 	 	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

	 	 

6

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