SEPARATION AND RELEASE AGREEMENTSeparation and Release Agreement • August 25th, 2006 • Novelis Inc. • Rolling drawing & extruding of nonferrous metals
This Separation and Release Agreement (“Agreement”) is entered into by and between Jo-Ann Longworth (“Employee”) and Novelis Corporation (“Novelis”) as a result of a mutual agreement to end the employment relationship. In order to provide for an amicable separation of employment and to provide further assistance in Employee’s transition from employment, Novelis has offered to Employee a separation incentive, and Employee has decided to accept the separation incentive.
June 15, 2006 Jo-Ann Longworth Re: Agreement concerning transition from employment Dear Jo-Ann:Separation Agreement • August 25th, 2006 • Novelis Inc. • Rolling drawing & extruding of nonferrous metals
This letter is to confirm the agreement that we reached in our discussions concerning your separation from employment with Novelis on a cooperative and amicable basis. Both you and Novelis will work together to facilitate the transition in the manner described below.
SEPARATION AND RELEASE AGREEMENTSeparation and Release Agreement • August 25th, 2006 • Novelis Inc. • Rolling drawing & extruding of nonferrous metals
This Separation and Release Agreement (“Agreement”) is entered into by and between Geoff Batt (“Employee”) and Novelis Corporation (“Novelis”) as a result of a mutual agreement to end the employment relationship. In order to provide for an amicable separation of employment and to provide further assistance in Employee’s transition from employment, Novelis has offered to Employee a separation incentive, and Employee has decided to accept the separation incentive.
June 27, 2006 Re: Update of Agreement concerning transition from employment Dear Geoff:Separation Agreement • August 25th, 2006 • Novelis Inc. • Rolling drawing & extruding of nonferrous metals
You stepped down from the day to day activities as Chief Financial Officer of Novelis effective the end of the working day on June 16 2006, following which you began using all unused vacation for 2006 and 2007 accrued vacation time. Your active employment ended on June 16 2006, whereupon you went on the non-active payroll that will terminate on August 11 2006.
