EX-10.25
from 10-K
2 pages
July 29, 2016 Nicholas Madden Dear Nicholas, 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 $ 100,000. First Payment in December 2016 $ 30,000 Second Payment in December 2017 $ 30,000 Third Payment in December 2018 $ 40,000 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
12/34/56
EX-10.19
from 10-K
7 pages
June 16, 2017 Re: Offer Letter 1. Position Title Senior Vice President and President, Novelis North America of Novelis Inc. 2. Base Salary the Position Will Be Administered at an Exempt Job Band Exec A. Effective July 1, 2017, Your Base Salary Will Be $500,000 Annually. Your Next Salary Review Will Be in July 2018. 3. Annual Incentives You Are Entitled to Participate in the Novelis Annual Incentive Plan (Aip). the Target Opportunity for Your Position Will Be 65% of Your Annual Base Salary. the Annual Incentive Performance Measures for Fiscal Year 2018 Are Set Forth in the Novelis 2018 Executive Annual Incentive Plan. 4. Long Term Incentive Plan
12/34/56