Document:

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                                                                   Exhibit 10.34

[LOGO]

December 21, 2004

Mr. Christopher Bark-Jones
Alcan Holdings Switzerland AG
Feldeggstrasse 4
Postfach
Zurich Switzerland
CHO 8034

Dear Chris,

This offer of employment represents another truly exciting and historic step
along the path in the creation of Novelis Inc. This is, in fact, the first
instance where the Alcan and Novelis names and logos have appeared together. As
one of the key leaders who will have a direct impact on this new company, I
trust you are as enthused as I am about this opportunity. Unlike anything we
have been involved with in the past, this is truly a once in a career event, and
we need to recognize and capitalize off the fabulous chance that we are being
given.

In this letter I will address the specific terms and conditions of your offer,
however, there are a few key points that I would like to bring to your attention
first. Please recall that it is the fiduciary responsibility of the Alcan Board
of Directors to establish the preliminary terms and conditions of employment for
Novelis. For the most part, this means that what exists at present within Alcan,
in the form of programs and benefits, will continue through the transition from
Alcan to Novelis. Following the completion of the spin in 2005, we will be
reviewing the full array of employee compensation and benefit offerings to
custom fit these to our new business. Specifically, we will examine the
complexities of your situation in Switzerland in the context of Novelis' future
compensation strategy.You will be fully engaged as we go through this process.

For these reasons I will not go through a complete review of those things being
cloned or replicated from Alcan, but rather will touch on significant points,
those aspects that are unique to you, and those things that involve a change.

POSITION TITLE
I am pleased to confirm the offer of President, Novelis Europe.

EMPLOYMENT DATE
This offer is obviously predicated on the spin being completed and the creation
of Novelis. We continue to believe that this will occur on schedule around
year-end. That being the case, this offer would become effective January 1,
2005.

RECOGNITION OF ALCAN SERVICE
Novelis will recognize Alcan and predecessor company service for the purposes of
vacation and any other plan where service is used in providing a benefit.

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BASE SALARY
Your base salary will be US$440,611.00 and your position
administered at a personal job grade 51. You will be provided with exchange rate
guarantee on your base salary. Your base salary will be converted at the rate of
1.50 Swiss Francs per US dollar and paid to you in Swiss Francs. This 1.50
conversion rate will continue to apply until the 31st of December, 2005, before
which time a full review of this compensation method will be conducted by
Novelis.

EXECUTIVE PERFORMANCE AWARD 2004
Your participation in the 2004 Executive Performance Award plan continues
uninterrupted to year-end at your existing Alcan job grade and will be paid out
in the same timeframe and manner as you have experienced in the past.

EXECUTIVE PERFORMANCE AWARD 2005
Novelis will institute a short-term incentive program for the 2005 plan year
conceptually similar to the existing Alcan plan. It is possible that the
financial metrics will be adjusted to better fit the new business. The target
guideline for job grade 51 is 75%. More information will be forthcoming on this
as it is developed.

TOTAL SHAREHOLDER RETURN (TSR) PERFORMANCE PLAN
Your participation in the Alcan TSR program will be terminated on the date of
the spin-off. You will have noted in the 2004 Long Term Incentive (LTI) program,
the normal 50% TSR portion was issued in the form of share options.

Discussions continue to determine the most equitable way to handle TSR tranches
1 (2002) and 2 (2003) for the Novelis employees. You will be informed as soon as
a final conclusion is reached on this.

Novelis will be instituting a Long Term Incentive Program (LTI) the details of
which will require approval of the Board of Directors for the new company. More
information about the new program will be shared when information becomes
available.

SHARE OPTIONS
Your current Alcan share options will be converted to Novelis share options
based on the total value of the Alcan stock options and the time of spin-off.
That is, the number of Novelis share options to you will be adjusted to preserve
the value of your current Alcan stock options on the date of the spin-off.

CHANGE IN CONTROL AGREEMENT
A Change of Control document has been prepared for you in a manner consistent
with other senior management moving to Novelis. It is our expectation that the
Board of Novelis will issue new agreements in the first half of 2005.

BENEFIT PLANS
Your participation in the Alcan health and welfare benefit plans will continue
up to the point of spin. Novelis will adopt plans with provisions for the most
part equivalent to those currently in effect within Alcan. In addition, Novelis
will continue to provide you and your spouse lifetime health care coverage after
retirement under the Medical Plan for Retired Employees.

MISCELLANEOUS PLANS
Participation in other plans (e.g. Flexperks, Auto, Annual Executive Physical
Exams) will continue as they exist today. You will be provided with the services
of professional consultants for the preparation of your personal income tax
reporting in the UK and Switzerland. Novelis will pay the fees for this service.

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PENSION
For the one-year transition period following the spin-off, you will continue to
participate in the British Alcan RILA Plan and the Pension Plan for Officers
under the same terms and conditions as exist prior to the spin-off. Per G.
Ouellet's July 2004 letter to you, your 2004 pensionable earnings in the BARILA
Plan were adjusted to Pound Sterling 255,000. Novelis agrees to increase this
amount by 4% for the year 2005. Any changes in future benefit accruals after the
transition period will be communicated with ample notice.

REPATRIATION
Upon completion or termination of this assignment, should there be no suitable
position available at that time within Novelis, you and your family will be
repatriated by the Company to the United Kingdom.

As part of the process I would ask that you sign this offer and return it to me
at your earliest convenience. I look forward to the challenges that we will face
together and turn into successes.

Yours truly,

/s/ Martha Brooks

Martha Brooks
Chief Operating Officer

Accepted by: /s/ Christopher Bark-Jones                  date: December 23, 2004ALLIANCE RECOVERY CORPORATION

                              EMPLOYMENT AGREEMENT
                              --------------------

         EMPLOYMENT AGREEMENT between Peter Vaisler, an individual residing at
1133 St. Anthony Road, London, Ontario, Canada, N6H 2P9 (hereinafter referred to
as "Employee") and Alliance Recovery Corporation, a Delaware corporation, having
an office at Borchert Park Drive, P.O. Box 1538, Monroe, Michigan, (the
"Employer") to be effective as of the date on which the SB-2 Registration
Statement of the Employer is declared effective by the U.S. Securities and
Exchange Commission (the "Effective Date").

                              W I T N E S S E T H:

         WHEREAS, Employer desires to employ Employee as the Chief Executive
Officer and President; and

         WHEREAS, Employee is willing to be employed as the Chief Executive
Officer and President in the manner provided for herein, and to perform the
duties of the Chief Executive Officer and President upon the terms and
conditions herein set forth; and

         NOW, THEREFORE, in consideration of the promises and mutual covenants
herein set forth it is agreed as follows:

1.       Employment of the Chief Executive Officer and President. Employer
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hereby employs Employee as Chief Executive Officer and President.

2.       Term.
         ----

         (a)      Subject to Section 9 below and further to Section 2(b) below,
                  the term of this Agreement shall commence upon the execution
                  hereof (the "Commencement Date") and expire five years from
                  such date ("Initial Term"). Each 12 month period after the end
                  of the initial term forward during the term hereof shall be
                  referred to as an "Annual Period." During the term hereof,
                  Employee shall devote substantially all of his business time
                  and efforts to Employer and its subsidiaries and affiliates.

         (b)      Subject to Section 10 below, unless the Board of Directors of
                  the Company (the "Board") of Employer shall determine to the
                  contrary and shall so notify Employee in writing on or before
                  the end of the Initial Term or any Annual Period or unless the
                  Employee notifies Employer in writing thirty (30) days before
                  the end of the Initial Term or any Annual Period of his desire
                  not to renew this Agreement, then at the end of either the
                  Initial Term or the Annual Period, as the case maybe, the term

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                  of this Agreement shall be automatically extended for five (5)
                  years to be added at the end of the then current term of this
                  Agreement.

3.       Duties. The Employee shall perform those functions generally performed
         ------
by persons of such title and position, shall attend all meetings of the
stockholders and the Board and shall perform any and all related duties and
shall have any and all powers as may be prescribed by resolution of the Board,
and shall be available to confer and consult with and advise the officers and
directors of Employer at such times that may be required by Employer. Employee
shall report directly and solely to the Board.

4.       Compensation & Benefits.
         -----------------------

         (i)      Employee shall be paid compensation of a minimum of $250,000
                  per year during the Initial Term of this Agreement.
         (ii)     Employee is eligible for an annual bonus, if any, which will
                  be determined and paid in accordance with policies set from
                  time to time by the Board, in its sole discretion.
         (iii)    Employee shall receive an automobile allowance as determined
                  by the Employer's Board of Directors.
         (iv)     The Employer shall use its best efforts maintain Director's
                  and Officer's Liability Insurance in an amount that is
                  standard and customary for a business of its nature.
         (v)      The Employer shall provide contributions to any self-directed
                  employee benefit plan (whether or not based in the United
                  States) up to the maximum amount allowable by law.
         (vi)     Employee has provided certain technology and know-how to
                  Employer that is owned by Employee. Provided Employee is
                  employed by Employer under the terms of this Agreement,
                  Employer shall be able to use such technology at no charge. If
                  Employee is no longer employed by Employer for any reason
                  whatsoever, Employer can use such technology only in
                  accordance with a license agreement to be entered into by
                  Employee and Employer, on terms acceptable to both parties,
                  which shall include, but not be limited to, a license fee
                  payable by Employer to Employee based on the replacement cost
                  of technology as set out in the engineer's opinion attached
                  hereto as Exhibit A.

5.       Expenses. Employee shall submit to Employer reasonably detailed
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receipts with respect thereto which substantiate the Employee's expenses.

6.       Vacation. Employee shall be entitled to receive six (6) weeks paid
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vacation time during each year of employment upon dates agreed upon by Employer.
Upon separation of employment, for any reason, vacation time accrued and not
used shall be paid at the salary rate of Employee in effect at the time of
employment separation.

7.       Secrecy. At no time shall Employee disclose to anyone any confidential
         -------
or secret information (not already constituting information available to the
public) concerning (a) internal affairs or proprietary business operations of

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Employer or its affiliates or (b) any trade secrets, new product developments,
patents, programs or programming, especially unique processes or methods.

8.       Covenant Not to Compete. Employee will not, at any time, anywhere in
         -----------------------
the areas where Employer does business during the term of this Agreement, and
for two (2) years thereafter, either directly or indirectly, engage in, with or
for any enterprise, institution, whether or not for profit, business, or
company, competitive with the business of Employer as such business may be
conducted on the date thereof, as a creditor, guarantor, or financial backer,
stockholder, director, officer, consultant, advisor, employee, member, inventor,
producer, director, or otherwise of or through any corporation, partnership,
association, sole proprietorship or other entity; provided, that an investment
by Employee, his spouse or his children is permitted if such investment is not
more than five percent (5%) of the total debt or equity capital of any such
competitive enterprise or business and further provided that said competitive
enterprise or business is a publicly held entity whose stock is listed and
traded on an international or national stock exchange.

9.       Termination. If the Employee is terminated by the Employer, the
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Employee shall be entitled to a severance package equal to five (5) years salary
based on Employee's salary at the time of such termination. Notwithstanding such
fact, if Employee is terminated for Cause in accordance with section 9(a)(i)(B)
only, then Employee shall not be entitled to said severance package.

         (a)      Termination by Employer:

                  (i)      Employer may terminate this Agreement immediately for
                           Cause. For purposes hereof, "Cause" shall mean (A)
                           engaging by the Employee in conduct that constitutes
                           activity in competition with Employer; (B) the
                           conviction of Employee for the commission of a felony
                           against the Employer; and/or (C) the habitual abuse
                           of alcohol or controlled substances. In no event
                           shall alleged incompetence of Employee in the
                           performance of Employee's duties be deemed grounds
                           for termination for Cause.
                  (ii)     This agreement automatically shall terminate upon the
                           death of Employee, except that Employee's estate
                           shall be entitled to receive any amount accrued under
                           Section 4 for the period prior to Employee's death
                           and any other amount to which Employee was entitled
                           to at the time of his death.

         b.       Termination by Employee or Employer without Cause

                  (i)      Employee or Employer shall have the right to
                           terminate Employee's employment under this Agreement
                           upon thirty (30) days' notice to either party. If
                           Employer terminates this Agreement, Employee shall be
                           entitled to the severance amount set forth in this
                           paragraph.
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10.      Consequences of Breach by Employer.
         ----------------------------------

         Employment Termination

         (a)      If this Agreement is terminated pursuant to Section 9(b)(i)
                  hereof by Employee, or if Employer shall terminate Employee's
                  employment under this Agreement in any way that is a breach of
                  this Agreement by Employer, the following shall apply:

                  (i)      Employee shall be entitled to payment of any
                           previously declared bonus and additional compensation
                           as provided in Section 4 above.

         (b)      In the event that Employee's employment is terminated for any
                  of the following (i) for cause as set forth in Section 9(a)(i)
                  of this Agreement, (ii) the expiration of the term of this
                  Agreement, or (iii) resignation by the Employee in accordance
                  with Section 9(b)(i), then the provisions of Section 8 shall
                  apply to Employee.

11.      Remedies. Employer recognizes that because of Employee's special
         --------
talents, stature and opportunities in the mining market, in the event of
termination by Employer hereunder (except under Section 9(a)(i) or (ii), or in
the event of termination by Employee under Section 9(b)(i) before the end of the
agreed term), the Employer acknowledges and agrees that the provisions of this
Agreement regarding further payments of base salary, bonuses and the
exercisability of rights constitute fair and reasonable provisions for the
consequences of such termination, do not constitute a penalty, and such payments
and benefits shall not be limited or reduced by amounts' Employee might earn or
be able to earn from any other employment or ventures during the remainder of
the agreed term of this Agreement.

12.      Excise Tax. In the event that any payment or benefit received or to be
         ----------
received by Employee in connection with a termination of his employment with
Employer would constitute a "parachute payment" within the meaning of Internal
Revenue Code Section 280G or any similar or successor provision to 280G and/or
would be subject to any excise tax imposed by Internal Revenue Code Section 4999
or any similar or successor provision then Employer shall assume all liability
for the payment of any such tax and Employer shall immediately reimburse
Employee on a "grossed-up" basis for any income taxes attributable to Employee
by reason of such Employer payment and reimbursements.

13.      Arbitration. Any controversies between Employer and Employee involving
         -----------
the construction or application of any of the terms, provisions or conditions of
this Agreement, save and except for any breaches arising out of Sections 7 and 8
hereof, shall on the written request of either party served on the other be
submitted to arbitration. Such arbitration shall comply with and be governed by
the rules of the American Arbitration Association and shall be held in the
county where the Employer's principal place of business is at the time of the
arbitration. An arbitration demand must be made within one (1) year of the date

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on which the party demanding arbitration first had notice of the existence of
the claim to be arbitrated, or the right to arbitration along with such claim
shall be considered to have been waived. An arbitrator shall be selected
according to the procedures of the American Arbitration Association. The cost of
arbitration shall be borne by the losing party unless the arbitrator shall
determine otherwise. The arbitrator shall have no authority to add to, subtract
from or otherwise modify the provisions of this Agreement, or to award punitive
damages to either party.

14.      Attorneys' Fees and Costs. If any action at law or in equity is
         -------------------------
necessary to enforce or interpret the terms of this Agreement, the prevailing
party shall be entitled to reasonable attorney's fees, costs and necessary
disbursements in addition to any other relief to which he may be entitled.

15.      Entire Agreement; Survival. This Agreement contains the entire
         --------------------------
agreement between the parties with respect to the transactions contemplated
herein and supersedes, effective as of the date hereof any prior agreement or
understanding between Employer and Employee with respect to Employee's
employment by Employer. The unenforceability of any provision of this Agreement
shall not affect the enforceability of any other provision. This Agreement may
not be amended except by an agreement in writing signed by the Employee and the
Employer, or any waiver, change, discharge or modification as sought. Waiver of
or failure to exercise any rights provided by this Agreement and in any respect
shall not be deemed a waiver of any further or future rights. The provisions of
Sections 4, 7, 8, 9(a)(ii), 10, 11, 12, 13, 14, 16, 17, 18 and 19 shall survive
the termination of this Agreement.

16.      Assignment. This Agreement shall not be assigned to other parties.
         ----------

17.      Governing Law. This Agreement and all the amendments hereof, and
         -------------
waivers and consents with respect thereto shall be governed by the internal laws
of the State of Delaware, without regard to the conflicts of laws principles
thereof.

18.      Notices. All notices, responses, demands or other communications under
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this Agreement shall be in writing and shall be deemed to have been given when:

         (a)      delivered by hand;
         (b)      sent be telex or telefax, (with receipt confirmed), provided
                  that a copy is mailed by registered or certified mail, return
                  receipt requested; or
         (c)      received by the addressee as sent by express delivery service
                  (receipt requested) in each case to the appropriate addresses,
                  telex numbers and telefax numbers as the party may designate
                  to itself by notice to the other parties:

                  (i) if to the Employer:

                           Alliance Recovery Corporation
                           Borchert Park Drive, P.O. Box 1538
                           Monroe, Michigan 48161-1538

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                           Telefax:  (519) 671-0417
                           Telephone: (519) 473-6507

         Copy to:          Anslow & Jaclin, LLP
                           195 Route 9 South, Suite 204
                           Manalapan, New Jersey 07726
                           Attention: Gregg Jaclin, Esq.
                           Telefax: (732) 577-1188
                           Telephone: (732) 409-1212

                  (ii) if to the Employee:

                           Peter Vaisler
                           1133 St. Anthony Road
                           London, Ontario N6H 2P9
                           Telefax: (519) 473-6507
                           Telephone: (519) 657-7742

19.      Severability of Agreement. Should any part of this Agreement for any
         -------------------------
reason be declared invalid by a court of competent jurisdiction, such decision
shall not affect the validity of any remaining portion, which remaining
provisions shall remain in full force and effect as if this Agreement had been
executed with the invalid portion thereof eliminated, and it is hereby declared
the intention of the parties that they would have executed the remaining
portions of this Agreement without including any such part, parts or portions
which may, for any reason, be hereafter declared invalid.

         IN WITNESS WHEREOF, the undersigned have executed this agreement as of
the 6th day of January, 2004.

ATTEST:                                          ALLIANCE RECOVERY CORPORATION

By:                                                By: /s/  Peter Vaisler
    ---------------------------------                  -------------------------

WITNESS:

By:                                                By: /s/ Peter Vaisler
    ---------------------------------                  -------------------------
                                                           Peter Vaisler

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