Novelis Retention Bonus Agreement with Steven Pohl (June 2016)

Summary

Novelis is awarding Steven Pohl a $200,000 cash retention bonus, paid in two installments of $100,000 each in July 2016 and July 2017. If Pohl leaves the company voluntarily or is terminated for cause within 12 months of receiving a payment, he must repay the amount received in the last 12 months, and any unpaid installments will be forfeited. If he is terminated without cause, unpaid installments are cancelled but no repayment is required. Acceptance of payment means acceptance of these terms.

EX-10.35 10 nvl10-kxexh1035x2016retent.htm EXHIBIT 10.35 POHL 2016 LETTER Exhibit

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 Officer