Form of Stock Option Agreement



 Exhibit 10.14 

THE OPTIONS REPRESENTED BY THIS DOCUMENT AND THE UNDERLYING SHARES OF COMMON STOCK HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “SECURITIES ACT”), OR ANY APPLICABLE STATE SECURITIES LAWS, AND MAY NOT BE SOLD OR TRANSFERRED, HEDGED OR OTHERWISE DISPOSED OF UNLESS (I) A REGISTRATION STATEMENT COVERING SUCH SECURITIES IS EFFECTIVE UNDER THE SECURITIES ACT,
OR (II) THE TRANSACTION IS NOT SUBJECT TO, OR IS EXEMPT FROM, REGISTRATION UNDER THE SECURITIES ACT. 
 COMVERSE TECHNOLOGY,
INC. 
 Stock Option Agreement 

This STOCK OPTION AGREEMENT governs the terms and conditions of the stock option (the “Option”) specified in the Electronic
Grant Acceptance Web Page (the “Notice of Grant”) to which this Stock Option Agreement is attached and entitles the person to whom the Notice of Grant is addressed (the “Grantee”) to purchase from the Company the number of shares
of Common Stock indicated in the Notice of Grant, subject to adjustment as set forth in the Comverse Technology, Inc. 2005 Stock Incentive Compensation Plan, as such plan may be amended from time to time (the “Plan”). The Option is
intended to be a non-qualified stock option, and is not intended to be treated as an option that complies with Section 422 of the Code. 

Capitalized terms used but not otherwise defined herein shall have the meaning ascribed thereto in the Plan. 

1. The Option. The Option is granted pursuant to the Plan and is effective from and after the date of grant specified in the Notice of
Grant (the “Date of Grant”). The Grantee, by clicking on the “Accept Grant” button in the Notice of Grant, acknowledges that the Option is in all respects subject to and governed by the terms of this Stock Option Agreement and of
the Plan. The Grantee acknowledges receipt of the Plan and that the provisions of the Plan are incorporated herein by reference in their entirety. In the event of a conflict between any term or provision contained herein and a term or provision of
the Plan, the applicable terms and provisions of the Plan will govern and prevail. 
 2. The Option Price. The purchase price of
the shares of Common Stock issuable upon exercise of the Option is the price specified in the Notice of Grant, subject to adjustment as provided in the Plan (the “Option Price”), which price is agreed to be not less than the fair market
value of the shares of Common Stock on the Date of Grant. 







 3. Exercise of Option. 

(a) The exercise of the Option and the acquisition, holding and disposition of the shares of Common Stock shall be subject to the terms
and provisions of the Plan and this Stock Option Agreement. Neither the Grantee nor the Grantee’s legal representatives, legatees or distributees shall be or be deemed to be the holder of any of the shares of Common Stock unless and until the
Option shall have been duly exercised and certificates representing such shares of Common Stock shall have been issued. Upon payment of the Option Price in accordance with the terms hereof, the shares of Common Stock shall be fully paid and
nonassessable. 
 (b) Except as otherwise expressly provided in this Stock Option Agreement or in the Plan, the right to
purchase shares of Common Stock under the Option shall vest and become nonforfeitable [in equal installments on each of the first, second, third and fourth anniversaries of the Date of Grant] (each, a “Vesting Date”); provided, that the
Grantee remains in Continuous Service on the applicable Vesting Date. The Option shall become exercisable at each Vesting Date for the number of shares of Common Stock vesting at such date, and shall thereafter remain exercisable as to such shares
of Common Stock until it is exercised in full or terminates; provided that in no event shall the Option be exercisable after the expiration of ten years from the Date of Grant. Upon cessation of the Grantee’s Continuous Service for any reason,
the Option shall cease to vest and shall thereafter be exercisable, within the applicable limits referred to in Section 5 (generally for 90 days after termination, or one year in the case of death), only for the number of shares of Common Stock
that had become vested or exercisable as of the date of such cessation of Continuous Service in accordance with the terms of this Stock Option Agreement and the Plan. 

Notwithstanding any other provision of the Plan, the Notice of Grant or this Stock Option Agreement to the contrary, the Option (or any
portion thereof) may not be exercised prior to the first date on which there is an Effective Registration in place; provided, that if there is no Effective Registration in place upon the expiration of the applicable limits referred to in
Section 5, such time period shall be extended to the date which is 30 days after the date there is an Effective Registration in place but in no event later than the date that is ten years from the Date of Grant. For purposes of this Stock
Option Agreement, “Effective Registration” shall mean the registration of the Option or the shares of Common Stock pursuant to an effective registration statement on Form S-8 or any successor form under the Securities Act of 1933, as
amended (the “Securities Act”). 
 (c) The person at the time entitled to exercise the Option (the “Option
Holder”) may exercise the Option by delivering to the Company, not more than thirty calendar days prior to the date upon which all or any portion of the Option is to be exercised, written notice (the “Notice”) of her or his election
to exercise all or a part of the Option, which Notice shall specify the date for the exercise of the Option and the number of shares of Common Stock in respect of which the Option is to be exercised. The date specified in the Notice shall be a
business day of the Company. In the event that, at the time an Option Holder desires to exercise an Option, the Company shall have in effect an arrangement with a financial institution (the “Designated Broker”) providing facilities for the
exercise of Options and the payment of the Option Price, the Option Holder may cause the Option to be exercised on his behalf by the Designated Broker upon such terms and subject to such conditions as shall exist as part of such arrangement.

  

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 (d) Upon the exercise of the Option in accordance with the immediately preceding paragraph,
the Option Price of the shares of Common Stock in respect of which the Option is exercised shall be paid in full by or for the account of the Option Holder, (A) in cash or its equivalent (e.g., by check), (B) to the extent permitted by the
Committee, in shares of Common Stock having a Fair Market Value equal to the aggregate Option Price (with the shares of Common Stock valued using the closing price of the Common Stock on the date of exercise of the Option) for the shares of Common
Stock being purchased and satisfying such other requirements as may be imposed by the Committee, (C) partly in cash and, to the extent permitted by the Committee, partly in such shares of Common Stock, (D) to the extent permitted by the
Committee, by reducing the number of shares of Common Stock otherwise deliverable upon the exercise of the Option by the number of shares of Common Stock having a Fair Market Value equal to the aggregate Option Price (with the shares of Common Stock
valued using the closing price of the Common Stock on the date of exercise of the Option), or (E) if there is a public market for the shares of Common Stock at such time, to the extent permitted by the Committee and subject to such requirements
as may be imposed by the Committee, through the delivery of irrevocable instructions to a broker to sell shares of Common Stock obtained upon the exercise of the Option and to deliver promptly to the Company an amount out of the proceeds of such
sale equal to the aggregate Option Price for the shares of Common Stock being purchased. The Committee may prescribe any other method of payment that it determines to be consistent with applicable law. 

(e) Upon the Company’s determination that the Option has been validly exercised as to any of the shares of Common Stock, the Company
shall issue certificates in the Option Holder’s name for such shares of Common Stock. However, the Company shall not be liable to the Option Holder for damages relating to any delays in issuing the certificates to him, any loss of the
certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves. 
 (f) The
Options represented by this Stock Option Agreement and the underlying shares of Common Stock have not been registered under the securities act, or any applicable state securities laws, and may not be sold, transferred, hedged or otherwise disposed
of unless (i) a registration statement covering such securities is effective under the Securities Act or (ii) the transaction is not subject to, or is exempt from, registration under the Securities Act. If, and to the extent that, in the
judgment of the Company the exercise of the Option may, under applicable laws or regulations in effect at the time of exercise, subject the Company to any obligation to withhold or pay amounts for federal, state, local, social security, or any other
taxes, the exercise of the Option and the issuance of any shares of Common Stock thereunder shall be subject to such conditions, including the payment of funds to the Company or the offset of amounts otherwise payable by the Company, as the Company
may determine to be necessary or otherwise appropriate to satisfy such obligation. 
  

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 4. Adjustment of Option. The number of shares of Common Stock issuable upon exercise of the
Option, or the amount and kind of other securities issuable in addition thereto or in lieu thereof upon the occurrence of certain events specified in the Plan, shall be determined and subject to adjustment, as the case may be, in accordance with the
procedures specified therein. Any such adjustment shall be made to the nearest whole share, and no fractional shares shall be issued as a result of any adjustment pursuant to this Section. 

5. Transfer of Option; Termination of Employment. Neither the Option nor any interest therein shall be assignable or transferable except
as expressly permitted by, and in accordance with the applicable terms and conditions of, the Plan. Upon the Grantee’s cessation of Continuous Service for any reason, subject to the applicable terms and conditions of this Stock Option Agreement
and the Plan, the Option may be exercised within the time limits described in the Plan by the person or persons specified therein as to the number of shares of Common Stock vested or exercisable as of the date of such cessation of Continuous Service
in accordance with subsection 3(b). 
 6. Miscellaneous. 

(a) As a condition of the grant of the Option, the Grantee hereby agrees, for himself and his personal representatives, successors and
assigns, that any dispute which may arise under or as a result of the application of the terms and conditions of this Stock Option Agreement or the Plan shall be determined by the Board or any Committee thereof to whom the administration of the Plan
is delegated thereunder, which determination shall be final, binding and conclusive. 
 (b) The existence of the Option shall
not be deemed to constitute or confer upon the Option Holder any rights as a shareholder of the Company (including, without limitation rights to dividends) until the Option Holder has given the Notice of exercise of the Option, paid in full for such
shares of Common Stock and, if applicable, has satisfied any other conditions imposed by the Committee pursuant to the Plan, and shall not be deemed to affect in any way the right or power of the Company or its shareholders to make or authorize to
be made (i) any adjustments, recapitalizations, reorganizations or other changes in the capital structure or business of the Company, (ii) any merger or consolidation of the Company with or into any other corporation or entity,
(iii) any issue of bonds, debentures or capital stock entitling the holders thereof to rights, preferences or privileges superior to the holders of shares of Common Stock in respect of such shares, (iv) the dissolution or liquidation of
the Company, or the sale or transfer of all or any part of its assets or business or (v) any other corporate act or proceeding, whether of a similar character or otherwise. 

(c) Any notification required by the terms of this Stock Option 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: General Counsel, at its
principal executive office and to the Grantee at the address that he or she most recently provided to the Company. 
  

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 (d) In the event that the Option Holder shall at any time sell any of the shares of Common
Stock, he shall give written notice of such sale to the Company not later than ten days after the date thereof, which notice shall state the number of shares of Common Stock sold and the amount received upon such sale. 

(e) This Stock Option Agreement shall be binding upon and shall inure to the benefit of any successor or assign of the Company and, to
the extent provided herein and in the Plan, shall be binding upon and inure to the benefit of the Grantee’s legal representatives, successors and assigns. 

(f) Nothing in this Stock Option Agreement or in the Plan shall confer upon the Grantee any right to any future Awards and to continue in
Continuous Service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company, any Subsidiary or any Affiliate, which rights are hereby expressly reserved by each, to terminate the Continuous
Service of the Grantee at any time and for any reason. 
 (g) This Stock Option Agreement shall be governed by and construed in
accordance with the laws of the State of New York applicable to contracts made and to be performed entirely in such State, excluding any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of the
Stock Option Agreement or the Plan to the substantive law of another jurisdiction. 
 (h) No waiver of any breach or condition
of this Stock Option Agreement shall be deemed to be a waiver of any other or subsequent breach or condition whether of like or different nature. 

(i) The provisions of this Stock Option 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. 
 (j)
Section and sub-section headings are for convenient reference only and shall not control or affect the meaning or construction of any of its provisions. 

(k) This Stock Option Agreement, together with the Notice of Grant and the Plan, constitutes the entire agreement and understanding
between the Company and the Grantee relative 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.
This Stock Option Agreement may be amended, modified or superseded, except as otherwise expressly provided in the Plan, only by a written instrument duly executed by the party or parties sought to be bound thereby. 

 

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