Restricted Stock Unit Award Agreement



 Exhibit 10.30 
 Comverse Technology, Inc. 
 2011 Stock Incentive Compensation Plan

 RESTRICTED STOCK UNIT AWARD AGREEMENT 
 THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Award Agreement”) is made effective on July 24, 2012 (the “Date of Grant”) by and between Comverse Technology,
Inc., a New York corporation (with any successor, the “Company”), and Thomas B. Sabol (the “Participant”). 
 R E C I T A L S: 

WHEREAS, the Company has adopted the Comverse Technology, Inc. 2011 Stock Incentive Compensation Plan as amended from time to time (the
“Plan”), which is incorporated herein by reference and made a part of this Award Agreement, and capitalized terms not otherwise defined herein shall have the same meanings as in the Plan; and 

WHEREAS, the Committee has determined that it would be in the best interests of the Company and its stockholders to grant the restricted
stock units provided for herein to the Participant pursuant to the Plan and the terms set forth herein. 
 NOW THEREFORE, in
consideration of the mutual covenants hereinafter set forth, the parties agree as follows: 
 1. Restricted Stock Unit
Award. 
 (a) Subject to the terms and conditions of the Plan and this Award Agreement, the Company hereby grants to the
Participant 50,000 Restricted Stock Units (the “RSUs”). Each RSU represents one notional Share. 
 (b) The
Company has announced its intention to distribute 100% of the shares of Comverse, Inc. (“CNS”) to its shareholders subject to certain conditions (the “Proposed Spinoff”). Subject to the Committee’s
determination (and notice to the Participant), acting pursuant to its authority under Article 12 of the Plan, upon consummation of the Proposed Spinoff, to the extent that the Participant commences or continues to provide Continuous Service to CNS
or its subsidiaries, the RSUs, to the extent then unvested, will be replaced with an equivalent value award representing the right to receive common stock of CNS in settlement thereof on substantially similar terms and conditions, including
vesting, granted under a stock incentive plan to be adopted by CNS. 
 2. Settlement of RSUs. On each Vesting Date (as
defined below) or as soon as practicable, but no later than sixty (60) days, thereafter, the Company shall deliver to the Participant one or more certificates (or provide for book-entry) representing the number of Shares equal to the number of
RSUs which vested on such Vesting Date. Prior to settlement, Participant shall make arrangements with the Committee for the satisfaction of any federal, state, local or foreign withholding obligations that may arise in connection with such
settlement in accordance with the terms of the Plan and this Award Agreement in accordance with Section 12 below. 







 3. Vesting of RSUs. 

(a) Subject to the Participant’s Continuous Service through the applicable Vesting Date, one third (1/3rd) of the RSUs shall vest on each of the first three
(3) anniversaries of the Date of Grant (each, a “Vesting Date”). 
 (b) Notwithstanding any provision of
Section 3(a) to the contrary, in the event of a Change of Control, (i) if the continuing entity fails to assume or replace the RSUs with a new award of equivalent value and substantially equivalent terms, the RSUs shall become fully
vested, and (ii) if the continuing entity assumes or replaces the RSUs with a new award of equivalent value and substantially equivalent terms, the vesting schedule of the RSUs shall not accelerate and the unvested portion of the RSUs shall be
immediately forfeited upon any subsequent termination of Participant’s Continuous Service unless otherwise provided in Section 4 hereof. 
 4. Termination of Service. 
 (a) If the Participant’s Continuous
Service is terminated by the Company or one of its Subsidiaries without Cause, in the absence of a Change of Control, any portion of the RSUs that would have vested during the one (1) year period following the Participant’s termination
date (had the Participant’s Continuous Service continued during such period) shall become immediately fully vested. 
 (b)
If the Participant’s Continuous Service is terminated (i) by the Company or one of its Subsidiaries without Cause either (A) prior to a Change of Control but in contemplation thereof, or (B) within twenty four (24) months
following a Change of Control, (ii) by the Participant for Good Reason, or (iii) due to the Participant’s death or Disability, the RSUs shall become immediately fully vested. 

(c) If the Participant’s Continuous Service is terminated for any reason other than as described in Section 4(a) or
(b) hereof, the RSUs shall, to the extent not then vested, be immediately cancelled by the Company and forfeited without consideration. 
 5. No Right to Continued Service. The granting of the RSUs evidenced hereby and this Award Agreement shall impose no obligation on the Company, any Subsidiary or any Affiliate to continue the
Continuous Service of the Participant and shall not lessen or affect any right that the Company, any Subsidiary or any Affiliate may have to terminate the Continuous Service of such Participant. 

6. Rights as a Stockholder. The Participant shall have none of the rights of a shareholder of the Company (including, without
limitation dividend rights) unless and until the RSUs are settled for Shares. 
 7. Data Protection. The Participant
consents to the collection, processing, transmission and storage by the Company in any form whatsoever, of any data of a professional or personal nature which is necessary for the purposes of introducing and administering the Plan. The Company may
share such information with any Subsidiary or Affiliate, the trustee of any employee benefit trust, its registrars, trustees, brokers, other third party administrator or any Person who obtains control of the Company or acquires the Company,
undertaking or part-undertaking which employs the Participant, wherever situated. 

  
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 8. Securities Laws/Legend on Certificates. The issuance and delivery of Shares shall
comply with all applicable requirements of law, including (without limitation) the Securities Act of 1933, as amended, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange
or other securities market on which the Company’s securities may then be traded. If the Company deems it necessary to ensure that the issuance of securities under the Plan is not required to be registered under any applicable securities laws,
the Participant shall deliver to the Company an agreement or certificate containing such representations, warranties and covenants, as reasonably requested by the Company, which satisfies such requirements. Any certificates representing the Shares
shall be subject to such stop transfer orders and other restrictions as the Committee may deem reasonably advisable, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such
restrictions. 
 9. Transferability. The RSUs may not be assigned, alienated, pledged, attached, sold, transferred or
encumbered by the Participant except in the event of the Participant’s death (subject to the applicable laws of descent and distribution) and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be
void and unenforceable against the Company or any Subsidiary or Affiliate. No transfer shall be permitted for value or consideration. Any permitted transfer of the RSUs to heirs or legatees of the Participant shall not be effective to bind the
Company unless the Committee shall have been furnished with written notice thereof and a copy of such evidence as the Committee may deem necessary to establish the validity of the transfer and the acceptance by the transferee or transferees of the
terms and conditions hereof. 
 10. Adjustment of RSUs. Except as provided by Sections 1(b) and 3(b) hereof, adjustments
to the RSUs shall be made in accordance with the terms of the Plan. 
 11. Definitions. For purposes of this Award
Agreement: 
 “Change of Control” shall have the meaning given to such term in the Plan; provided, however, that
following consummation of the Proposed Spin Off, all references in such definition to “the Company” and “the Board” shall be deemed references to “CNS” and “the Board of Directors of CNS”. For the avoidance of
doubt, the Proposed Spin Off shall not constitute a Change of Control. 
 “Employment Agreement” shall mean the
employment agreement by and among the Company, CNS and the Participant, dated as of July 1, 2012, as may be amended from time to time. 
 “Disability” shall have the meaning given to such term in the Employment Agreement. 
 “Good Reason” shall have the meaning given to such term in the Employment Agreement. 
 12. Withholding. The Participant may be required to pay to the Company or any Affiliate and the Company shall have the right and is hereby authorized to withhold, any applicable withholding taxes
in respect of the RSUs, their grant, vesting, delivery or otherwise and to take such other action as may be necessary in the opinion of the Committee to satisfy all obligations for the payment of such withholding taxes. 

  
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 13. Notices. Any notification required by the terms of this Award Agreement shall be
given in writing and shall be deemed effective upon personal delivery or within three (3) days of deposit with the United States Postal Service, by registered or certified mail, with postage and fees prepaid. A notice shall be addressed to the
Company, Attention: Secretary, at its principal executive office and to the Participant at the address that he or she most recently provided to the Company. 
 14. Entire Agreement. The Award Agreement, the Plan and for purposes of Section 11 only, the Employment Agreement, constitute the entire contract between the parties hereto with regard to the
subject matter hereof. They supersede any other agreements, representations or understandings (whether oral or written and whether express or implied) which relate to the subject matter hereof. 

15. Waiver. No waiver of any breach or condition of this Award Agreement shall be deemed to be a waiver of any other or subsequent
breach or condition whether of like or different nature. 
 16. Participant Undertaking. The Participant agrees to take
whatever additional action and execute whatever additional documents the Company may deem necessary or advisable to carry out or affect one or more of the obligations or restrictions imposed on either the Participant or the RSUs pursuant to this
Agreement. 
 17. Successors and Assigns. The provisions of this Award Agreement shall inure to the benefit of, and be
binding upon, the Company and its successors and assigns and upon the Participant, the Participant’s assigns and the legal representatives, heirs and legatees of the Participant’s estate, whether or not any such person shall have become a
party to this Award Agreement and agreed in writing to be joined herein and be bound by the terms hereof. 
 18. Choice of
Law; Jurisdiction; Waiver of Jury Trial. This Award Agreement shall be governed by the laws of the State of Delaware, excluding any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of this
Award Agreement to the substantive law of another jurisdiction. 
 SUBJECT TO THE TERMS OF THIS AWARD AGREEMENT, THE PARTIES
AGREE THAT ANY AND ALL ACTIONS ARISING UNDER OR IN RESPECT OF THIS AWARD AGREEMENT SHALL BE LITIGATED IN THE FEDERAL OR STATE COURTS IN DELAWARE. BY EXECUTING AND DELIVERING THIS AWARD AGREEMENT, EACH PARTY IRREVOCABLY SUBMITS TO THE PERSONAL
JURISDICTION OF SUCH COURTS FOR ITSELF, HIMSELF OR HERSELF AND IN RESPECT OF ITS, HIS OR HER PROPERTY WITH RESPECT TO SUCH ACTION. EACH PARTY AGREES THAT VENUE WOULD BE PROPER IN ANY OF SUCH COURTS, AND HEREBY WAIVES ANY OBJECTION THAT ANY SUCH
COURT IS AN IMPROPER OR INCONVENIENT FORUM FOR THE RESOLUTION OF ANY SUCH ACTION. 
 EACH OF THE PARTIES HERETO HEREBY
IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AWARD AGREEMENT. 

  
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 19. RSUs Subject to Plan. By entering into this Award Agreement the Participant
agrees and acknowledges that the Participant has received and read a copy of the Plan. The RSUs are subject to the Plan. The terms and provisions of the Plan as it may be amended from time to time in compliance with Section 14.2 of the Plan as
in effect on the Date of Grant are hereby incorporated herein by reference. In the event of a conflict between any term or provision contained herein other than Section 11 hereof and a term or provision of the Plan, the applicable terms and
provisions of the Plan will govern and prevail. The Participant has had the opportunity to retain counsel, and has read carefully, and understands, the provisions of the Plan and this Award Agreement. 

20. Amendment. The Committee may amend or alter this Award Agreement and the RSUs granted hereunder at any time, subject to the
terms of the Plan. 
 21. Fractional Shares. Fractional shares shall not be issued and any rights thereto shall be
forfeited without consideration. 
 22. Severability. The provisions of this Award Agreement are severable and if any one
or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 
 23. Headings. Section and sub-section headings are for convenient reference only and shall not control or affect the meaning of construction of any of its provisions. 

24. Signature in Counterparts. This Award Agreement may be signed in counterparts, each of which shall be an original, with the
same effect as if the signatures thereto and hereto were upon the same instrument. 
 25. No Guarantees Regarding Tax
Treatment. Participants (or their beneficiaries) shall be responsible for all taxes with respect to the RSUs. The Committee and the Company make no guarantees regarding the tax treatment of the RSUs. Neither the Committee nor the Company has any
obligation to take any action to prevent the assessment of any tax under Section 409A, Section 457A or otherwise and none of the Company, any Subsidiary or Affiliate, or any of their employees or representatives shall have any liability to
the Participant (or their beneficiaries) with respect thereto. 
 26. Compliance with Section 409A. The Company
intends that the RSUs be structured in compliance with, or to satisfy an exemption from, Section 409A, such that there are no adverse tax consequences, interest, or penalties under Section 409A as a result of the RSUs. In the event the
RSUs are subject to Section 409A, the Committee may, in its sole discretion, take the actions described in Section 11.1 of the Plan. Notwithstanding any contrary provision in the Plan or this Award Agreement, any payment(s) of
“nonqualified deferred compensation” (within the meaning of Section 409A) that are otherwise required to be made under this Award Agreement to a “specified employee” (as defined under Section 409A) as a result of his or
her “separation from service” (as defined below) (other than a payment that is not subject to Section 409A) shall be delayed for the first six (6) months following such “separation from service” and shall instead be
paid on the date that immediately follows the end of such six (6) month period (or, if earlier, within 10 business days following the date of death of the specified employee) or as soon as administratively practicable within 60 days thereafter,
but in no event later than the end of the applicable taxable year. A termination of Continuous Service shall not be deemed to have occurred for purposes of any provision of the Award Agreement providing for


  
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the payment of any amounts or benefits that are considered nonqualified deferred compensation under Section 409A upon or following a termination of Continuous Service, unless such
termination is also a “separation from service” within the meaning of Section 409A and the payment thereof prior to a “separation from service” would violate Section 409A. For purposes of any such provision of this
Award Agreement relating to any such payments or benefits, references to a “termination,” “termination of Continuous Service” or like terms shall mean “separation from service.” 

[SIGNATURE PAGE FOLLOWS] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Restricted Stock Unit Award
Agreement as of the date first written above. 
  

			
	COMVERSE TECHNOLOGY, INC.
		
	By: 	 	/s/ Shefali Shah
		 	 Name: Shefali Shah
 Title:
  Senior VP, General Counsel

	 Date: July 24, 2012



  

	
	Agreed and acknowledged as of the date first above written:
	
	/s/ Thomas B. Sabol
	Name: Thomas B. Sabol

 Date: July 24, 2012 

  
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