EXHIBIT 10.8
Published on March 20, 2006
Exhibit 10.8 Description of Retention Payment for Geoff Batt On March 15, 2006, the Human Resources Committee of the Board of Novelis Inc. approved a one time retention payment in the gross amount of $410,805 to current Chief Financial Officer, Geoff Batt, for his services rendered (and to be rendered) during the transition period until a new Chief Financial Officer replaces Mr. Batt. In light of the ongoing financial reporting delay and restatement of Novelis' financials, Mr. Batt will not be paid a short term incentive award for 2005.