Amended and Restated Employment Agreement - Comverse and Andre Dahan



 Exhibit 10.73 

AMENDED AND RESTATED EMPLOYMENT AGREEMENT 

The employment agreement (“Prior Agreement”) entered into on April 10, 2007, effective as of April 30, 2007 (the
“Effective Date”), is hereby amended and restated on December 2, 2008, effective as of the Effective Date, as the Employment Agreement (the “Agreement”) by and between Comverse Technology, Inc., a New York corporation
(together with its successors and assigns permitted under this Agreement, the “Company”), and Andre Dahan (the “Executive”). 

W I T N E S S E T H 

WHEREAS, the Company desires to continue to employ the Executive as its President and Chief Executive Officer and to enter into an
amended and restated employment agreement embodying the terms of such employment; and 
 WHEREAS, the Executive desires to enter
into this Agreement and to accept such employment, subject to the terms and provisions of this Agreement. 
 NOW, THEREFORE, in
consideration of the premises and mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which is mutually acknowledged, the Company and the Executive (individually a “Party” and
together the “Parties”), intending to be legally bound, agree as follows: 
 1. Definitions. 

(a) “Base Salary” shall mean the Executive’s base salary as determined in accordance with Section 4
below, including any applicable increases and permitted decreases. 
 (b) “Board” shall mean the Board
of Directors of the Company. 
 (c) “Cause” shall mean: 

 

	 	(i)	an indictment or conviction of the Executive of, or a plea of nolo contendere by the Executive to, any felony; 


 

	 	(ii)	a material violation by the Executive of federal or state securities laws, as determined by a court or other governmental body of competent jurisdiction;


  

	 	(iii)	willful misconduct or gross negligence by the Executive with regard to the Company resulting in material and demonstrable harm to the Company; 


 

	 	(iv)	a material violation by the Executive of any material Company policy or procedure provided to the Executive, including without limitation a material violation of the
Company’s Code of Business Conduct and Ethics, resulting in material and demonstrable harm to the Company; or 









	 	(v)	fraud, embezzlement, theft or material dishonesty by the Executive against the Company (other than good faith immaterial expense account disputes);


 provided, however, that no finding of Cause pursuant to subsections (iii) or (iv) hereof shall be
effective unless and until the Company has provided the Executive with written notice thereof in accordance with Section 26 below stating with specificity the facts and circumstances underlying the finding of Cause and, if the basis for such
finding of Cause is capable of being cured by the Executive, providing the Executive with an opportunity to cure the same within thirty (30) calendar days after receipt of such notice in accordance with Section 26 below. 

For purposes of this Agreement, no act or failure to act, on the part of the Executive, shall be considered “willful” unless it is done, or
omitted to be done, by the Executive in bad faith and without reasonable belief that the Executive’s action or omission was in the best interests of the Company. Any act, or failure to act, based upon specific direction given pursuant to a
resolution adopted by the Board of Directors or on the advice of Company counsel shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company. The cessation of employment
of the Executive shall not be deemed to be for Cause unless and until there shall have been delivered to the Executive a copy of a resolution adopted by the affirmative vote of not less than a majority of the entire membership of the Board of
Directors (other than the Executive) at a meeting of the Board of Directors called and held for such purpose (after at least ten days notice is provided to Executive and Executive is given the opportunity, together with counsel, to be heard before
the Board of Directors), finding that, in the good faith opinion of the Board of Directors, the Executive is guilty of the conduct described in clause above, specifying the particulars thereof in detail and directing that the Executive should be
terminated for Cause, subject to the aforementioned right to cure. 
 (d) “Change in Control” shall
occur upon: 
  

	 	(i)	any person, entity or affiliated group becoming the beneficial owner or owners of more than fifty percent (50%) of the outstanding equity securities of the
Company, or otherwise becoming entitled to vote shares representing more than fifty percent (50%) of the total voting power of the Company’s then-outstanding securities eligible to vote to elect members of the Board (the “Voting
Securities”); 

  

	 	(ii)	a consolidation or merger (in one transaction or a series of related transactions) of the Company pursuant to which the holders of the Company’s equity securities
immediately prior to such transaction (or series of related transactions) would not be the holders immediately after such transaction (or series of related transactions) of more than fifty percent (50%) of the Voting Securities of the entity
surviving such transaction (or series of related transactions); 

  

	 	(iii)	a change in the composition of the Board occurring within a two (2) year period, as a result of which fewer than a majority of the directors are Incumbent
Directors; or 

  

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	 	(iv)	a sale of all or substantially all of the Company’s assets. 


“Incumbent Directors” will mean directors who either (A) are members of the Board as of the Effective Date, or (B) are elected or
nominated for election to the Board with the affirmative votes of at least a majority of the Board at the time of such election or nomination. 

(e) “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time. 

(f) “Compensation Committee” shall mean the Compensation Committee of the Board or another committee of the
Board that performs the functions typically associated with a compensation committee. 
 (g)
“Disability” shall mean the Executive has been unable to substantially perform his material duties and responsibilities under this Agreement for a period of six (6) consecutive months or nine (9) out of twelve
(12) nonconsecutive months due to a physical or mental disability. 
 (h) “Effective Date” shall
mean April 30, 2007. 
 (i) “Good Reason” shall mean, without the Executive’s prior written
consent, the occurrence of any of the following events or actions, provided that no finding of Good Reason shall be effective unless and until the Executive has provided the Company, within sixty (60) calendar days of becoming
aware of the facts and circumstances underlying the finding of Good Reason, with written notice thereof in accordance with Section 26 below stating with specificity the facts and circumstances underlying the finding of Good Reason and, if the
basis for such finding of Good Reason is capable of being cured by the Company, providing the Company with an opportunity to cure the same within thirty (30) calendar days after receipt of such notice in accordance with Section 26 below:

  

	 	(i)	any material reduction in the Executive’s Base Salary or Target Bonus, other than as part of an across-the-board reduction applicable to all senior executives of
the Company that results in a reduction to the Executive proportional to that of other executives but no more than ten (10) percent of the level hereunder; 


 

	 	(ii)	an actual relocation of the Executive’s principal office to another location more than thirty-five (35) miles from Manhattan, New York City, New York;


  

	 	(iii)	any diminution in the Executive’s title as Chief Executive Officer of the Company or any material diminution in the Executive’s position, duties or
responsibilities; 

  

	 	(iv)	any failure to elect the Executive to the Board or removal of the Executive from the Board (other than for cause or because of legal or regulatory requirements);


  

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	 	(v)	a failure of the Company to obtain the assumption in writing of its obligations under this Agreement by any successor to all or substantially all of the assets of the
Company within ten (10) calendar days after completion of a merger, consolidation, sale or similar transaction and the failure to deliver a copy of the document effecting such assumption to the Executive upon Executive’s written request; or


  

	 	(vi)	a material breach by the Company of any provision of this Agreement; 


provided, however, that no Good Reason shall exist solely as a result of (i) the Company’s equity securities
ceasing to be publicly traded other than by reason of a transaction where the Company becomes a subsidiary of a company (public or private) where the executive is not the chief executive officer of the public company if public or the ultimate parent
noninvestment company if private or (ii) the Board’s determination from time to time that Executive shall cease to be an executive officer or member of the board of directors of any of the Company’s subsidiaries or affiliates.

 (j) “Section 409A” shall mean Section 409A of the Code, and the regulations and guidance
promulgated thereunder. 
 (k) “Term of Employment” shall mean the period specified in Section 2
below, as such period may be extended. 
 2. Term of Employment. 

The Company hereby employs the Executive, and the Executive hereby accepts such employment, for the period commencing on
the Effective Date and ending on the third anniversary thereof, subject to earlier termination of the Term of Employment in accordance with the terms of this Agreement. This Agreement shall be automatically renewed for additional one (1) year
periods on each anniversary of the Effective Date thereafter, unless either Party notifies the other Party in writing, in accordance with Section 26, of his or its intention not to renew this Agreement not less than sixty (60) calendar
days prior to such expiration date or anniversary, as the case may be. 
 3. Position, Duties and Responsibilities;
Reporting. 
 As of the Effective Date and continuing for the remainder of the Term of Employment, the
Executive shall be employed as the President and Chief Executive Officer of the Company. In this capacity, the Executive shall be have the duties, responsibilities and authority commensurate with the position and such other duties and
responsibilities as are appropriate for a person holding the offices set forth in this section and assigned by the Board. Unless prevented by illness, injury or Disability, the Executive shall devote substantially all of the Executive’s time,
attention and efforts during normal working hours, and at such other times as the Executive’s duties may reasonably require, to the duties of the Executive’s employment; provided, however, that the Executive may
(a) continue to serve on the Board of Redbend 
  

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Software, Inc.; (b) serve on civic or charitable boards or committees; or (c) with the approval of the Corporate Governance and Nominating Committee of the Board, serve on other
corporate boards or committees; provided, further, in each case of (a), (b) and (c) and in the aggregate, that such activities do not conflict or interfere with the performance of the Executive’s duties hereunder or
conflict with Section 14. The Executive shall report to the Board in carrying out his duties under this Agreement. As of the Effective Date, the Company shall cause the Executive to be appointed or elected as a member of the Board. If
requested, the Executive shall also serve as an executive officer and/or member of the board of directors of any of the Company’s subsidiaries or affiliates without additional compensation. 

4. Base Salary. 

As of the Effective Date and for the remainder of fiscal year 2007, the Executive shall be paid a Base Salary at the rate
of one-million dollars ($1,000,000) per annum, payable in accordance with the regular payroll practices of the Company. Thereafter, the Base Salary shall be reviewed no less frequently than annually, and the amount thereof may be increased in the
discretion of the Board or the Compensation Committee. After giving effect to the preceding two sentences, the Base Salary may not be decreased unless the Executive provides his prior written consent to such decrease or it is part of an
across-the-board reduction applicable to all senior executive officers of the Company that results in a reduction to the Executive proportional to that of other executives but no more than ten (10) percent of the level hereunder. 

5. Incentive Compensation Arrangements. 

The Executive’s annual on-target bonus for each fiscal year shall be one hundred-percent
(100%) of the Executive’s Base Salary (the “Target Bonus”), and the Executive’s annual bonus shall not exceed two hundred-percent (200%) of the Executive’s Base Salary for any fiscal year. The Parties agree that
the performance criteria applicable to the Executive’s annual on-target bonus for fiscal year 2007 shall be developed by the Operations and Strategy Committee of the Board, in consultation with the Executive, within forty-five days
(45) days after the Effective Date, subject to review and approval by the entire Board. The bonus for 2007 shall be based on the full year and not prorated as a result of the Effective Date. The bonus amount for each fiscal year shall be paid
as soon as practicable following the end of end of such fiscal year (but not later than the
15th day of the third month after the end of such fiscal
year). 
 6. Long-Term Incentive Compensation Programs. 

(a) The Executive shall be granted a deferred stock award for a number of shares of the Company’s common stock
(“Common Stock”) equal to the quotient obtained by dividing $4,000,000 by the average of the closing prices per share of the Common Stock on the “Pink Sheets” for the ten consecutive trading days commencing on the fifth trading
day following the Company’s issuance of a press release announcing its unaudited financial results for the fiscal year ended January 31, 2007, pursuant to the Comverse Technology, Inc. 2005 Stock Incentive Compensation Plan. Such deferred
stock award shall be made on the Effective Date and shall vest as to one-third (1/3) of the original number of shares subject thereto on each of the next three anniversaries of the date of grant, subject to accelerated vesting as otherwise
provided herein. The Parties entered into the Company’s documentation to evidence the deferred stock award substantially in the form attached as Exhibit B to the Prior Agreement. 

 

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 (b) During the Term of Employment, the Executive will be eligible to receive
equity awards under the Company’s stock incentive plans based on the performance of the Company and the performance of the Executive, determined in the good faith discretion of the Board, and consistent with the Executive’s role and
responsibilities as President and Chief Executive Officer of the Company, with such awards to be assessed on an annual basis. 

7. Employee Benefit Programs. 

During the Term of Employment, the Executive shall be entitled to participate in all employee welfare and pension benefit
plans, programs and/or arrangements applicable to senior-level executives other than those relating to cash bonuses or equity awards (as to which Sections 5 and 6 hereof shall govern). 

8. Reimbursement of Business Expenses. 

During the Term of Employment, the Executive is authorized to incur reasonable business expenses in carrying out his
duties and responsibilities under this Agreement, and the Company shall reimburse him for all such reasonable business expenses as soon as practicable, subject to the Executive submitting documentation in accordance with the Company’s policies
relating thereto. 
 9. Perquisites. During the Term of Employment, the Executive shall be entitled to participate in the
Company’s executive fringe benefit programs applicable to the Company’s senior-level executives (if any) in accordance with the terms and conditions of such programs as in effect from time to time,. 

10. Vacation. 

The Executive shall be entitled to an amount of paid vacation established by the Company’s vacation policy, but in no
event less than four (4) weeks per year. The Executive may carry over any unused vacation from year to year and will receive payment for any accrued, unused vacation upon termination of employment for any reason in accordance with the
Company’s policy. 
 11. Legal Fees. 

The Company shall pay all reasonable attorneys’ fees and disbursements incurred by Executive in connection with the
negotiation of this Agreement and related documents, up to a maximum of $25,000. 
 12. Termination of Employment.

 (a) Termination of Employment Due to Death. In the event of the Executive’s death during the Term
of Employment, the Term of Employment shall end as of the date of the Executive’s death and his estate and/or beneficiaries, as the case may be, shall be entitled to the following: 

 

	 	(i)	Base Salary earned but not paid prior to the date of his death in accordance with the Company’s regular payroll practices; 


 

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	 	(ii)	 any annual bonus earned pursuant to Section 5, but unpaid, as of the date of death for the immediately preceding fiscal year, payable when bonuses
are paid by the Company to its senior-level executives in respect of such fiscal year (but not later than the 15th
 day of the third month after the end of such fiscal year); 


  

	 	(iii)	 a pro-rata share of the annual bonus the Executive would have earned pursuant to Section 5 if he had remained employed through the end of the
fiscal year in which his employment terminated, based on the Company’s actual performance against the goals set by the Compensation Committee for such fiscal year, payable when bonuses are paid by the Company to its senior level executives, but
not later than the 15th day of the third month after the
end of such fiscal year; 


  

	 	(iv)	any amounts earned, accrued or owing to the Executive prior to the date of his death but not yet paid under Sections 7, 8, 9 or 10 above in accordance with the terms
thereof; 

  

	 	(v)	such other or additional benefits, if any, as may be provided under applicable plans, programs and/or arrangements of the Company, in accordance with the terms of such
plans, programs and/or arrangements; and 

  

	 	(vi)	the immediate vesting of all stock options and deferred stock awarded to the Executive, with any options granted after the Effective Date having a minimum exercise
period of one (1) year from the date of death or, if less, the maximum exercise period permitted by Section 409A, subject to any option plan provisions relating to a change in control or similar event and to the initial ten (10) year
term of the options; provided, however, that, if necessary, such exercise period shall be extended if permitted by Section 409A until the exercise of the options would cease to violate any federal or state securities laws but
subject to the initial ten (10) year term of the options, all in accordance with the terms of the underlying plan document and award agreement. 


(b) Termination of Employment Due to Disability. If the Executive’s employment is terminated due to Disability
during the Term of Employment, either by the Company or by the Executive, the Term of Employment shall end as of the date of termination and the Executive shall be entitled to the following: 

 

	 	(i)	Base Salary earned but not paid prior to the date of termination due to Disability in accordance with the Company’s regular payroll practices;


  

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	 	(ii)	 any annual bonus earned pursuant to Section 5, but unpaid, as of the date of Executive’s termination for the immediately preceding fiscal
year, payable when bonuses are paid by the Company to its senior-level executives in respect of such fiscal year (but not later than the
15th day of the third month after the end of such fiscal
year); 


  

	 	(iii)	 a pro-rata share of the annual bonus the Executive would have earned pursuant to Section 5 if he had remained employed through the end of the
fiscal year in which his termination of employment occurred, payable when bonuses are paid by the Company to its senior-level executives in respect of such fiscal year (but not later than the
15th day of the third month after the end of such fiscal
year); 


  

	 	(iv)	any amounts earned, accrued or owing to the Executive prior to the date of his Disability but not yet paid under Sections 7, 8, 9 or 10 above in accordance with the
terms thereof; 

  

	 	(v)	such other or additional benefits, if any, as may be provided under applicable plans, programs and/or arrangements of the Company, in accordance with the terms of such
plans, programs and/or arrangements; and 

  

	 	(vi)	the immediate vesting of all stock options and deferred stock awarded to the Executive, with any options granted after the Effective Date having a minimum exercise
period of one (1) year from the date of death or, if less, the maximum exercise period permitted by Section 409A, subject to any option plan provisions relating to a change in control or similar event and to the initial ten (10) year
term of the options; provided, however, that, if necessary, such exercise period shall be extended if permitted by Section 409A until the exercise of the options would cease to violate any federal or state securities laws but
subject to the initial ten (10) year term of the options, all in accordance with the terms of the underlying plan document and award agreement. 


In no event shall a termination of the Executive’s employment for Disability occur unless the Party terminating the Executive’s employment
provides written notice to the other Party in accordance with Section 26 below. Notwithstanding the foregoing, with respect to such termination on account of Disability, in the event that as a result of absence because of mental or physical
incapacity the Executive incurs an earlier “separation from service” within the meaning of Section 409A, the Executive shall on such date automatically be terminated from employment as a Disability termination. 

(c) Termination of Employment by the Company for Cause. If the Company terminates the Executive’s employment
for Cause during the Term of Employment, the Term of Employment shall end as of the date of termination and the Executive shall be entitled to the following: 
  

	 	(i)	Base Salary earned but not paid prior to the date of his termination in accordance with the Company’s regular payroll practices; 


 

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	 	(ii)	any amounts earned, accrued or owing to the Executive prior to the date of his termination but not yet paid under Sections 7, 8, 9 or 10 above in accordance with the
terms thereof; and 

  

	 	(iii)	such other or additional benefits, if any, as may be provided under applicable plans, programs and/or arrangements of the Company, in accordance with the terms of such
plans, programs and/or arrangements. 

 (d) Termination of Employment by the Company Without
Cause. If the Executive’s employment is terminated by the Company without Cause, other than due to death or Disability, the Term of Employment shall end as of the date of termination and the Executive shall be entitled to the following:

  

	 	(i)	Base Salary earned but not paid prior to the date of termination to be paid in accordance with the Company’s regular payroll practices; 


 

	 	(ii)	 any annual bonus earned pursuant to Section 5, but unpaid, as of the date of termination for the immediately preceding fiscal year, payable when
bonuses are paid by the Company to its senior-level executives in respect of such fiscal year (but not later than the
15th day of the third month after the end of such fiscal
year); 


  

	 	(iii)	 a pro-rata share of the annual bonus the Executive would have earned pursuant to Section 5 if he had remained employed through the end of the
fiscal year in which his employment terminated, based on the Company’s actual performance against the goals set by the Compensation Committee for such fiscal year, payable when bonuses are paid by the Company to its senior level executives, but
not later than the 15th day of the third month after the
end of such fiscal year; 


  

	 	(iv)	one hundred fifty percent (150%) of the greater of (A) the Base Salary in effect on the date of termination or (B) the Base Salary in effect immediately prior
to any reduction that would constitute Good Reason, payable in a lump sum within thirty (30) days of the date of termination in accordance with the Company’s regular payroll practice; 


 

	 	(v)	one hundred fifty percent (150%) of the Target Bonus, payable in a lump sum within thirty (30) days of the date of termination in accordance with the
Company’s regular payroll practice; 

  

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	 	(vi)	to have the Company pay each month the full premiums (employer and employee portions) for the Executive’s and any covered beneficiary’s coverage under COBRA
health continuation benefits over the eighteen (18) month period immediately following the date of termination, and which premiums will be treated as taxable income to the Executive if the health plan is a self-funded plan within the meaning of
Section 105(h) of the Code; 

  

	 	(vii)	the immediate vesting of all deferred stock awarded to the Executive under this Agreement; 


 

	 	(viii)	any amounts earned, accrued or owing to the Executive prior to the date of termination but not yet paid under Sections 7, 8, 9 or 10 in accordance with the terms
thereof; and 

  

	 	(ix)	such other or additional benefits, if any, as may be provided under applicable plans, programs and/or arrangements of the Company, in accordance with the terms of such
plans, programs and/or arrangements. 

 In no event shall a termination of the Executive’s employment without Cause occur
unless the Company gives written notice to the Executive in accordance with Section 26 below. 
 (e)
Termination of Employment by the Executive for Good Reason. The Executive may terminate his employment for Good Reason. Upon a termination by the Executive of his employment for Good Reason, the Executive shall be entitled to the same
payments and benefits as provided in Section 12(d) above. 
 (f) Termination of Employment by the
Executive Without Good Reason. If the Executive terminates his employment without Good Reason, other than a termination of employment due to death or Disability, the Executive shall be entitled to the same payments and benefits as provided in
Section 12(c) above. In no event shall a termination of the Executive’s employment without Good Reason occur unless the Executive gives at least thirty (30) calendar days advance written notice to the Company in accordance with
Section 26 below. 
 (g) Termination of Employment Due to a Change in Control. If the
Executive’s employment is terminated by the Company without Cause or by the Executive for Good Reason in connection with or within one (1) year after a Change in Control, the Executive shall be entitled to the following: 

 

	 	(i)	the same payments and benefits as provided in clauses (i), (ii), (iii), (vi), (vii), (viii) and (ix) of Section 12(d); 


 

	 	(ii)	two hundred fifty percent (250%) of the greater of (A) the Base Salary in effect on the date of termination or (B) the Base Salary in effect immediately prior
to any reduction that would constitute Good Reason, payable in a lump sum within thirty (30) calendar days of the date of termination in accordance with the Company’s regular payroll practice; and 


 

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	 	(iii)	two hundred fifty percent (250%) of the Target Bonus, payable in a lump sum within thirty (30) days of the date of termination in accordance with the
Company’s regular payroll practice. 

 (h) Termination by Notice of Nonrenewal by the
Company. If the Company terminates the Executive’s employment by providing a notice of nonrenewal in accordance with Section 2 above, the Executive shall be entitled to the same payments and benefits as provided in Section 12(d)
or 12(g), as applicable. 
 (i) Termination by Notice of Nonrenewal by the Executive. If the Executive
terminates his employment by providing a notice of nonrenewal in accordance with Section 2 above, the Executive shall be entitled to the same payments and benefits as provided in Section 12(c) above. 

(j) No Mitigation; No Offset. In the event of a termination of the Executive’s employment for any reason under
this Section 12, the Executive shall be under no obligation to seek other employment and there shall be no offset against amounts due to the Executive under this Agreement on account of any compensation attributable to any subsequent
compensation he may receive. The Company’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim,
right or action which the Company may have against the Executive or others; provided that the foregoing shall in no way limit the Company’s remedies upon a breach or threatened breach of the restrictive covenants in Section 14. 

(k) Waiver and Release. Any amounts payable and benefits or additional rights provided upon
termination of employment under Sections 12(d), 12(e) or 12(h) of this Agreement (beyond accrued benefits) shall be contingent on the Executive executing and not revoking within the revocation period, within thirty (30) days following the date
of termination, of a release by the Executive against the Company and its affiliates substantially in the form attached hereto as Exhibit A, and all amounts other than accrued benefits shall be paid or commence to be paid on the thirtieth
(30th) day following the Executive’s date of
termination, with any remaining payments to be paid in accordance with the payment provisions of the Agreement. 
 13.
Certain Additional Payments by the Company. 
 (a) Anything in this Agreement to the contrary
notwithstanding, with respect to a change in ownership or effective control of the Company (as those events are determined for purposes of Section 280G of the Code) that occurs prior to the second anniversary of the Effective Date, in the event
it shall be determined that any payment, benefit or distribution by the Company to or for the benefit of the Executive (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise), including but not
limited to for such determination acceleration of vesting and benefits as determined in regulations promulgated pursuant to Section 280G of the Code, but determined without regard to any additional payments required under this Section 13
(a “Payment”) would be subject to the excise tax imposed by Section 4999 of the Code or any successor provision, or any interest or penalties are incurred by the Executive with respect to any such excise tax (such excise taxes,
together with any such interest and penalties, are hereinafter collectively referred to as the “Excise Tax”), then, unless the next sentence shall apply, the Executive shall be entitled to receive an additional payment (a “Gross-Up

  

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Payment”) in an amount such that after payment by the Executive of all taxes (including any interest or penalties imposed with respect to such taxes), including, without limitation, any
income taxes (and any interest and penalties imposed with respect thereto) and Excise Tax imposed upon the Gross-Up Payment, the Executive retains an amount of the Gross-Up Payment equal to the Excise Tax imposed upon the Payments. Notwithstanding
the foregoing, if it shall be determined that the Executive is entitled to a Gross-Up Payment, but that if the Payment is reduced by the amount necessary such that the receipt of the Payment would not give rise to any Excise Tax (the “Reduced
Payment”) and the Reduced Payment would not be less than 90% of the Payments, then no Gross-Up Payment shall be made to the Executive and the Payments, in the aggregate, shall be reduced to the Reduced Payments. If the Reduced Payment is to be
effective, payments shall be reduced in the following order (i) any cash severance based on a multiple of Base Salary or annual bonus, (ii) any other cash amounts payable to the Executive, (iii) any benefits valued as parachute
payments, (iv) acceleration of vesting of any stock options for which the exercise price exceeds the then fair market value, and (v) acceleration of vesting of any equity not covered by subsection (iv) above, unless the Executive
elects another method of reduction by written notice to the Company prior to the change in ownership or effective control. 

(b) Subject to the provisions of Section 13(c), all determinations required to be made under this
Section 13, including whether and when a Gross-Up Payment is required and the amount of such Gross-Up Payment and the assumptions to be utilized in arriving at such determination, shall be made by a nationally recognized certified public
accounting firm as may be designated by the Company (the “Accounting Firm”) which shall provide detailed supporting calculations both to the Company and the Executive within 45 business days of the receipt of notice from Executive to the
Company that there has or may have been a Payment (a “Payment Notice”), or such earlier time as is requested by the Company; provided that for purposes of determining the amount of any Gross-Up Payment, the Executive shall be deemed to pay
federal income tax at the actual rates applicable to individuals in the calendar year in which any such Gross-Up Payment is to be made and deemed to pay state and local income taxes at the rates applicable to individuals in the state or locality of
the Executive’s residence or place of employment in the calendar year in which any such Gross-Up Payment is to be made, net of the maximum reduction in federal income taxes that can be obtained from deduction of such state and local taxes,
taking into account limitations applicable to individuals subject to federal income tax at the actual rates. All fees and expenses of the Accounting Firm shall be borne solely by the Company. Any Gross-Up Payment, as determined pursuant to this
Section 13, shall be paid by the Company to the Executive (or directly to the Internal Revenue Service or other appropriate taxing authority for the benefit of the Executive), on or prior to the later of (i) the due date for the payment of any
Excise Tax, income tax or other amount comprising the Gross-Up Payment to the relevant taxing authority, and (ii) the
45th day following the Company’s receipt of the
Payment Notice, but in no event later than the end of Executive’s taxable year following the year in which any Excise Tax, income tax or other amount comprising the Gross-Up Payment was remitted to the relevant taxing authority. Subject to the
following provisions of this Section 13 to the contrary, any determination by the Accounting Firm shall be binding upon the Company and Executive. As a result of the uncertainty in the application of Section 4999 of the Code at the time of
the initial determination by the Accounting Firm hereunder, it is possible that Gross-Up Payments which will not have been made by the Company should have been made (“Underpayment”), or that additional amounts were paid to the Executive
(“Overpayment”) 
  

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consistent with the calculations required to be made hereunder. In the event that the Company exhausts its remedies pursuant to Section 13(c) and the Executive thereafter is required to make
a payment of any Excise Tax, or there has been an Overpayment, the Accounting Firm shall determine the amount of the Underpayment that has occurred and any such Underpayment shall be promptly paid by the Company to or for the benefit of the
Executive, or the Executive shall return to the Company the amount of such Overpayment, as the case may be. Without extending any time period set forth in this Section 13 for any Gross up Payment or Underpayment due hereunder, such amount shall
be paid no later than the end of the calendar year following the calendar year in which the Executive pays the related tax, as stated in Section 29(d). 

(c) The Executive shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful,
would require the payment by the Company of the Gross-Up Payment or would require a re-calculation of amounts as set forth in Section 13(a). Such notification shall be given as soon as practicable but no later than three business days after the
Executive is informed in writing of such claim and shall apprise the Company of the nature of such claim and the date on which such claim is requested to be paid. The Executive shall not pay such claim unless directed to do so by the Company. If the
Company notifies the Executive in writing prior to the expiration of such period that it desires to contest such claim, the Executive shall: 
  

	 	(i)	give the Company any information reasonably requested by the Company relating to such claim; 


 

	 	(ii)	take such action in connection with contesting such claim as the Company shall request in writing from time to time, including, without limitation, accepting legal
representation with respect to such claim by an attorney reasonably selected by the Company; 

  

	 	(iii)	cooperate with the Company in good faith in order effectively to contest such claim; and 


 

	 	(iv)	permit the Company to participate in any proceedings relating to such claim; 


provided, however, that the Company shall bear and pay directly all costs and expenses (including additional interest and
penalties) reasonably incurred in connection with such contest and shall indemnify and hold the Executive harmless, on an after-tax basis, for any Excise Tax or income tax (including interest and penalties with respect thereto) imposed as a result
of such representation and payment of costs and expenses. The Company shall control all proceedings taken in connection with such contest, and, at its sole option, may pursue or forgo any and all administrative appeals, proceedings, hearings and
conferences with the taxing authority in respect of such claim and may, at its sole option, either pay the tax claimed to the appropriate taxing authority on behalf of the Executive and direct the Executive to sue for a refund or contest the claim
in any permissible manner, and the Executive agrees to prosecute such contest to a determination before any administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts, as the Company shall determine;
provided, however, that any extension of the statute of limitations relating to payment of taxes for the taxable year of the Executive with 

 

 13 








 
respect to which such contested amount is claimed to be due is limited solely to such contested amount. Furthermore, the Company’s control of the contest shall be limited to issues with
respect to which the Gross-Up Payment would be payable hereunder, and the Executive shall be entitled to settle or contest, as the case may be, any other issue raised by the Internal Revenue Service or any other taxing authority. 

(d) If, after the receipt by the Executive of a payment by the Company of an amount on the Executive’s behalf
pursuant to Section 13(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s complying with the requirements of Section 13(c)) promptly pay to the Company
the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after payment by the Company of an amount on the Executive’s behalf pursuant to Section 13(c), a determination is made that
the Executive shall not be entitled to any refund with respect to such claim, the Executive shall so notify the Company, and the Executive shall co-operate with the Company, at the Company’s request, to contest such denial of refund.

 (e) The parties intend that this Section 13 shall be in compliance with the Sarbanes-Oxley Act of 2002
(“SOX”). If any provision of this Section 13 is inconsistent with SOX, the parties agree to reform this Section 13 to comply therewith. 

14. Restrictive Covenants. 

(a) Nondisclosure. During the Term of Employment and thereafter, the Executive shall not disclose to anyone or make
use of any trade secret or proprietary or confidential information of the Company, including such trade secret or proprietary or confidential information of any customer or other entity to which the Company owes an obligation not to disclose such
information, which he acquires during the Term of Employment, including, without limitation, records kept in the ordinary course of business, except (i) as such disclosure or use may be required or appropriate in connection with his work as an
employee of the Company, (ii) when required to do so by a court of law, governmental agency or administrative or legislative body (including a committee thereof) with apparent jurisdiction to order him to divulge, disclose or make accessible
such information or (iii) as to such confidential information that becomes generally known to the public or trade without his violation of this Section 14(a). 

(b) Assignment of Rights. The Executive hereby sells, assigns and transfers to the Company all of his right, title
and interest in and to all inventions, discoveries, improvements and copyrightable subject matter (the “Rights”) that, during the Term of Employment, are made or conceived by him, alone or with others, and that relate to the Company’s
present business or arise out of any work he performs or information he receives regarding the business of the Company while employed by the Company. The Executive shall fully disclose to the Company as promptly as possible all information known or
possessed by him concerning the Rights, and upon request by the Company and without any further compensation in any form to him by the Company, but at the expense of the Company, execute all applications for patents and copyright registrations,
assignments thereof and other applicable instruments and do all things that the Company may reasonably deem necessary to vest and maintain in it the entire right, title and interest in and to all such Rights. 

 

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 (c) Noncompetition; Nonsolicitation. For and in consideration of the
compensation to be paid by the Company pursuant to the terms hereof, and in recognition of the fact that the Executive will have access to confidential information and other valuable rights of the Company, the Executive covenants and agrees that he
will not, at any time during his employment with the Company and for a period of twelve (12) months thereafter, directly or indirectly, engage in Competitive Business. “Competitive Business” shall mean any business or any activity
related to the development, sale, production, manufacturing, marketing or distribution of products or services that are in competition with products or services that the Company or any of its subsidiaries produces, sells, manufactures, markets,
distributes or has interest in, in any state or foreign country in which the Company or any of its subsidiaries then conducts business or reasonably has plans to conduct business, provided that after the end of the Executive’s employment
Competitive Business shall exclude product lines or services that account for less than 5% of the Company’s aggregate revenue as projected in the Company’s then current business plan for the three-year period following termination of
employment. It is not the intent of this covenant to bar the Executive from employment in any company whose general business is the manufacture of communications equipment or delivery of communications services, only to limit specific and direct
competition with the Company as aforesaid. In furtherance thereof, it is acknowledged that it shall not be a breach of this Section 14(c) for the Executive to provide services to an entity or person that is not itself a Competitive Business,
but has a division, business unit or segment that is a Competitive Business, so long as the Executive demonstrates to the Company’s reasonable satisfaction that the Executive does not and will not, directly or indirectly, provide services or
advice to such division, business unit or segment that is the Competitive Business. Notwithstanding the foregoing, nothing contained in this Agreement shall prevent the Executive from being an investor in securities of a competitor listed on a
national securities exchange or actively traded over-the-counter so long as such investments are in amounts not significant as compared to his total investments or to the aggregate of the outstanding securities of the issuer of the same class or
issue of the specific securities involved, or his holdings in Redbend Software and IXI Mobile to the extent those holdings are less than 2% of the respective company’s outstanding equity securities and the Executive is solely a passive investor
(or option holder) in each such company and if either company has a Competitive Business, the Executive does not and will not, directly or indirectly, provide services or advice to such company. The Executive agrees that during his employment by the
Company and for a period of twelve (12) months thereafter, the Executive shall not, directly or indirectly, induce, attempt to induce, or aid others in inducing, an exempt employee of the Company to accept employment or affiliation with another
firm or corporation engaging in such business or activity of which the Executive is an employee, owner, partner or consultant. The Executive further agrees that he will not, whether on Executive’s own behalf or on behalf of any other
individual, partnership, firm, corporation or business organization, either directly or indirectly, solicit, induce, persuade, or entice, or endeavor to solicit, induce, persuade, or entice, any person who is then a customer, supplier, or vendor of
the Company or any of its affiliates to cease being a customer, supplier, or vendor of the Company or any of its affiliates or, with respect to a Competitive Business, to divert all or any part of such person’s or entity’s business
from the Company or any of its affiliates. 
 (d) Duration and Geographic Scope. The Company and the
Executive agree that the duration and geographic scope of the restrictive covenants set forth in this Section 14 are reasonable. In the event that any court of competent jurisdiction determines that the duration or the

  

 15 








 
geographic scope, or both, are unreasonable and that such provision is to that extent unenforceable, the Company and the Executive hereto agree that the provision shall remain in full force and
effect for the greatest time period and in the greatest area that would not render it unenforceable. The Company and the Executive intend that this provision shall be deemed to be a series of separate covenants, one for each and every county of each
and every state of the United States of America and each and every political subdivision of each and every country outside the United States of America where this provision is intended to be effective. The Executive acknowledges and agrees that the
Company would not have an adequate remedy at law and would be irreparably harmed in the event that any of the provisions of this Section 14 were not performed in accordance with their specific terms or were otherwise breached. Accordingly, the
Executive agrees that the Company shall be entitled to equitable relief, including preliminary and permanent injunctions and specific performance, in the event Executive breaches or threatens to breach any of the provisions of such Sections, without
the necessity of posting any bond or proving special damages or irreparable injury. Such remedies shall not be deemed to be the exclusive remedies for a breach or threatened breach of the provisions of this Section 14 by Executive, but shall be
in addition to all other remedies available to the Company at law or equity. Executive acknowledges and agrees that no breach by the Company of this Agreement or failure to enforce or insist on its rights under this Agreement shall constitute a
waiver or abandonment of any such rights or defense to enforcement of such rights. If the provisions of this Section 14 are ever deemed by a court to exceed the limitations permitted by applicable law, the Executive and the Company agree that
such provisions shall be, and are, automatically reformed to the maximum limitations permitted by such law. 
 15.
Indemnification. 
 The Company confirms and acknowledges that the Company is obligated to indemnify the
Executive pursuant to the terms of the Indemnification Agreement between the Company and the Executive dated as of the date hereof and the By-laws of Comverse Technology, Inc., and that the Executive shall in any event be indemnified to the fullest
extent permitted by law. 
 16. Assignability: Binding Nature. 

This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors, agents,
heirs (in the case of the Executive) and assigns. No rights or obligations of the Company under this Agreement may be assigned or transferred by the Company; provided, however, that such rights or obligations may be assigned or
transferred pursuant to a transaction contemplated by clause (i) of the definition of a Change in Control, a merger or consolidation in which the Company is not the continuing entity, or the sale or liquidation of all or substantially all of
the assets of the Company; provided further, however, that the assignee or transferee is the successor to all or substantially all of the assets of the Company and such assignee or transferee assumes the liabilities, obligations
and duties of the Company, as contained in this Agreement, either contractually or as a matter of law. 
  

 16 








 17. Representation. 

The Company represents and warrants that it is fully authorized and empowered to enter into this Agreement and that the
performance of its obligations under this Agreement will not violate any agreement between it and any other person, firm or organization. The Executive represents and warrants that no agreement exists between him and any other person, firm or
organization that would be violated by the performance of his obligations under this Agreement. 
 18. Entire Agreement.

 This Agreement contains the entire understanding and agreement between the Parties concerning the subject
matter hereof and supersedes all prior agreements, understandings, discussions, negotiations and undertakings, whether written or oral, with respect thereto including, without limitation, any offer letters or employment agreements and any
nondisclosure, nonsolicitation, inventions and/or noncompetition agreements between the Parties. 
 19. Amendment or
Waiver. 
 No provision in this Agreement may be amended unless such amendment is agreed to in writing and
signed by the Executive and an authorized officer of the Company. No waiver by either Party of any breach by the other Party of any condition or provision contained in this Agreement to be performed by such other Party shall be deemed a waiver of a
similar or dissimilar condition or provision at the same or any prior or subsequent time. Any waiver must be in writing and signed by the Executive or an authorized officer of the Company, as the case may be. 

20. Withholding. 

The Company may withhold from any amounts payable under this Agreement such federal, state and local taxes as may be
required to be withheld pursuant to any applicable law or regulation. 
 21. Severability. 

In the event that any provision of this Agreement shall be determined by a court of competent jurisdiction to be invalid
or unenforceable for any reason, in whole or in part, the remaining parts, terms or provisions of this Agreement shall be unaffected thereby and shall remain in full force and effect to the fullest extent permitted by law. 

22. Survivorship. 

The respective rights and obligations of the Parties hereunder shall survive any termination of the Executive’s
employment to the extent necessary to preserve such rights and obligations. 
 23. Controlling Document. 

If any provision of any agreement, plan, program, policy, arrangement or other written document between or relating to the
Company and the Executive conflicts with any provision of this Agreement, the provision of this Agreement shall control and prevail. 
  

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 24. Beneficiaries/References. 

The Executive shall be entitled, to the extent permitted under any applicable law, to select and change a beneficiary or
beneficiaries to receive any compensation or benefit payable hereunder following the Executive’s death by giving the Company written notice thereof. In the event of the Executive’s death, reference in this Agreement to the Executive shall
be deemed, where appropriate, to refer to his beneficiary, estate or other legal representative. 
 25. Governing
Law/Jurisdiction. 
 (a) This Agreement shall be governed by and construed and interpreted in accordance with
the laws of the State of New York without reference to principles of conflicts of law unless superseded by federal law. The Parties agree that, subject to Section 25(b) below, any suit, action or other legal proceeding that is commenced to
resolve any matter arising under or relating to any provision of this Agreement shall be commenced only in a court of the State of New York (or, if appropriate, a federal court located within the State of New York), and the Parties consent to the
jurisdiction of such court. 
 (b) Any dispute or controversy, except with respect to Section 14, arising
under or in connection with this Agreement or the Executive’s employment with the Company or any termination thereof, or any compensatory matter shall be settled exclusively by arbitration, conducted before a single arbitrator in New York, New
York, in accordance with the rules of the American Arbitration Association then in effect. Judgment on such award may be entered in any court of applicable jurisdiction. In the event that any equity or benefit plan bases treatment of the Executive
on any term utilized herein, disputes with regard to such term shall be determined pursuant to this Section 25(b). If the arbitrator so determines, the Executive shall be entitled to recover reasonable legal fees, costs and disbursements
incurred in connection with any arbitration or legal proceeding related to this Agreement (including Section 14 hereof) or the Executive’s employment or termination thereof or any compensatory matter, if the arbitrator also determines that
the Executive is the overall prevailing party in the claims subject to such proceeding or dispute. 
 26. Notices.

 All notices shall be in writing, shall be hand delivered or sent to the following addresses listed below using
a reputable overnight express delivery service and shall be deemed to be received when hand delivered or one (1) calendar day after depositing with such overnight service for next day delivery. 

 

			
	If to the Company:	  	 Comverse Technology, Inc.

810 Seventh Avenue,
35th Floor

New York, New York 10019
 Attention: General
Counsel

		
		  	with a copy to:
		
		  	 Weil, Gotshal & Manges LLP

767 Fifth Avenue

		  	 New York, New York 10153

Attention: David Zeltner, Esq.



 

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	If to the Executive:	  	 Andre Dahan
 at the last
address on file with the Company

		
		  	with a copy to:
		
		  	 Proskauer Rose LLP
 1585
Broadway
 New York, New York 10036

Attention: Michael S. Sirkin, Esq.



27. Headings. 

The headings of the sections contained in this Agreement are for convenience only and shall not be deemed to control or
affect the meaning or construction of any provision of this Agreement. 
 28. Cooperation. 

The Executive agrees to cooperate with the Company in the investigation, defense or prosecution of any claims or actions
now in existence or which may be brought in the future against or on behalf of the Company related to events occurring during Executive’s employment with the Company. Such cooperation shall include meeting with representatives of the Company
upon reasonable notice at reasonable times and locations to prepare for discovery or any mediation, arbitration, trial, administrative hearing or other proceeding or to act as a witness. The Executive shall notify the Company if the Executive is
asked to assist, testify or provide information by or to any person, entity or agency in any such proceeding or investigation. The Company shall reimburse the Executive for expenses reasonably incurred in connection therewith. Any such cooperation
occurring after the termination of Executive’s employment shall be scheduled to the extent reasonably practicable so as not to unreasonably interfere with Executive’s business or personal affairs. 

29. Compliance with Section 409A. 

(a) Six Month Delay for Specified Employees. If any payment, compensation or other benefit provided to the
Executive in connection with his employment termination is determined, in whole or in part, to constitute “nonqualified deferred compensation” within the meaning of Section 409A and the Executive is a specified employee as defined in
Section 409A(2)(B)(i), no part of such payments shall be paid before the day that is six (6) months plus one (1) day after the date of termination or earlier death (the “New Payment Date”). The aggregate of any payments that
otherwise would have been paid to the Executive during the period between the date of termination and the New Payment Date shall be paid to the Executive in a lump sum on such New Payment Date. Thereafter, any payments that remain outstanding as of
the day 
  

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immediately following the New Payment Date shall be paid without delay over the time period originally scheduled, in accordance with the terms of this Agreement. Notwithstanding the foregoing, to
the extent that the foregoing applies to the provision of any ongoing welfare benefits to the Executive that would not be required to be delayed if the premiums therefor were paid by the Executive, the Executive shall pay the full cost of premiums
for such welfare benefits during the six-month period and the Company shall pay the Executive an amount equal to the amount of such premiums paid by the Executive during such six-month period promptly after its conclusion. 

(b) Compliance. The Parties acknowledge and agree that the interpretation of Section 409A and its application
to the terms of this Agreement is uncertain and may be subject to change as additional guidance and interpretations become available. Anything to the contrary herein notwithstanding, all benefits or payments provided by the Company to the Executive
that would be deemed to constitute “nonqualified deferred compensation” within the meaning of Section 409A are intended to comply with Section 409A. If, however, any such benefit or payment is deemed to not comply with
Section 409A, the Company and the Executive agree to renegotiate in good faith any such benefit or payment (including, without limitation, as to the timing of any severance payments payable hereof) so that either (i) Section 409A will
not apply or (ii) compliance with Section 409A will be achieved; provided, however, that any resulting renegotiated terms shall provide to the Executive the after-tax economic equivalent of what otherwise has been provided to
the Executive pursuant to the terms of this Agreement, and provided further, that any deferral of payments or other benefits shall be only for such time period as may be required to comply with Section 409A. 

(c) Termination as Separation from Service. A termination of employment shall not be deemed to have occurred for
purposes of any provision of this Agreement providing for the payment of any amounts or benefits subject to Section 409A upon or following a termination of employment unless such termination is also a “separation from service” within
the meaning of Section 409A, and for purposes of any such provision of this Agreement, references to a “resignation,” “termination,” “terminate,” “termination of employment” or like terms shall mean
separation from service. 
 (d) Payments for Reimbursements, In-Kind Benefits and Tax Gross-Ups. All
reimbursements for costs and expenses under this Agreement shall be paid in no event later than the end of the calendar year following the calendar year in which the Executive incurs such expense. With regard to any provision herein that provides
for reimbursement of costs and expenses or in-kind benefits, except as permitted by Section 409A, (i) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, and (ii) the
amount of expenses eligible for reimbursements or in-kind benefits provided during any taxable year shall not affect the expenses eligible for reimbursement or in-kind benefits to be provided in any other taxable year, provided, however, that the
foregoing clause (ii) shall not be violated with regard to expenses reimbursed under any arrangement covered by Section 105(b) of the Code solely because such expenses are subject to a limit related to the period the arrangement is in effect.
Any tax gross-up payments under this Agreement shall be paid in no event later than the end of the calendar year following the year in which any excise tax, income tax or other amount comprising a gross-up payment was remitted to the relevant taxing
authority. 
  

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 (e) Payments within Specified Number of Days. Whenever a payment
under this Agreement specifies a payment period with reference to a number of days (e.g., “payment shall be made within thirty (30) days following the date of termination”), the actual date of payment within the specified period shall
be within the sole discretion of the Company. 
 (f) Installments as Separate Payment. If under this
Agreement, an amount is paid in two or more installments, for purposes of Section 409A, each installment shall be treated as a separate payment. 

30. Counterparts. 

This Agreement may be executed in two or more counterparts, and such counterparts shall constitute one and the same
instrument. Signatures delivered by facsimile shall be deemed effective for all purposes to the extent permitted under applicable law. 

REMAINDER OF PAGE INTENTIONALLY LEFT BLANK 
  


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 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first
written above. 
  

					
	COMVERSE TECHNOLOGY, INC.
		
	By:	 	/s/ Lance Miyamoto
		 	Name:	 	Lance Miyamoto
		 	Title:	 	 Executive Vice President,

Global Head of Human Resources




					
	
	THE EXECUTIVE
	
	/s/ Andre Dahan
	Name:	 	Andre Dahan


  

 22 








 EXHIBIT A 

This RELEASE (“Release”) dated as of ______________________ between Comverse Technology, Inc., a New York corporation (the
“Company”), and Andre Dahan (the “Executive”). 
 WHEREAS, the Company and the Executive previously entered
into an employment agreement dated ____________ under which the Executive was employed to serve as the Company’s Chief Executive Officer (the “Employment Agreement”); and 

WHEREAS, the Executive’s employment with the Company (has been) (will be) terminated effective ___________________; and 

WHEREAS, pursuant to Section 12 of the Employment Agreement, the Executive is entitled to certain compensation and benefits upon
such termination, contingent upon the execution of this Release; 
 NOW, THEREFORE, in consideration of the premises and mutual
agreements contained herein and in the Employment Agreement, the Company and the Executive agree as follows: 

1. The Executive, on his own behalf and on behalf of his heirs, estate and beneficiaries, does hereby release the Company,
and in such capacities, any of its Subsidiaries or affiliates, and each past or present officer, director, agent, employee, shareholder, and insurer of any such entities, from any and all claims made, to be made, or which might have been made of
whatever nature, whether known or unknown, from the beginning of time, including those that arose as a consequence of his employment with the Company, or arising out of the severance of such employment relationship, or arising out of any act
committed or omitted during or after the existence of such employment relationship, all up through and including the date on which this Release is executed, including, but not limited to, those which were, could have been or could be the subject of
an administrative or judicial proceeding filed by the Executive or on his behalf under federal, state or local law, whether by statute, regulation, in contract or tort, and including, but not limited to, every claim for front pay, back pay, wages,
bonus, fringe benefit, any form of discrimination (including but not limited to, every claim of race, color, sex, religion, national origin, disability or age discrimination), wrongful termination, emotional distress, pain and suffering, breach of
contract, compensatory or punitive damages, interest, attorney’s fees, reinstatement or reemployment. If any arbitrator or court rules that such waiver of rights to file, or have filed on his behalf, any administrative or judicial charges or
complaints is ineffective, the Executive agrees not to seek or accept any money damages or any other relief upon the filing of any such administrative or judicial charges or complaints. The Executive relinquishes any right to future employment with
the Company and the Company shall have the right to refuse to re-employ the Executive, in each case without liability of the Executive or the Company. The Executive acknowledges and agrees that even though claims and facts in addition to those now
known or believed by him to exist may subsequently be discovered, it is his intention to fully settle and release all claims he may have against the Company and the persons and entities described above, whether known, unknown or suspected.








 2. The Company and the Executive acknowledge and agree that the release
contained in Paragraph 1 does not, and shall not be construed to, release or limit the scope of any existing obligation of the Company (i) to indemnify the Executive for his acts as an officer or director of Company in accordance with the
bylaws of Company, the Indemnification Agreement (as defined in Section 15 of the Employment Agreement), and other agreements or the law, as to continued coverage and rights under director and officer liability insurance policies,
(ii) under Section 13 of the Employment Agreement or (iii) to the Executive and his eligible, participating dependents or beneficiaries under any existing group welfare, equity, or retirement plan of the Company in which the Executive
and/or such dependents are participants. 
 3. The Executive acknowledges that he has been provided at least 21
days to review the Release and has been advised to review it with an attorney of his choice. In the event the Executive elects to sign this Release prior to this 21 day period, he agrees that it is a knowing and voluntary waiver of his right to wait
the full 21 days. The Executive further understand that he has 7 days after the signing hereof to revoke it by so notifying the Company in writing, such notice to be received by ____________ within the 7 day period. The Executive further acknowledge
that he has carefully read this Release, knows and understands its contents and its binding legal effect. The Executive acknowledge that by signing this Release, he does so of his own free will and act and that it is his intention that he be legally
bound by its terms. 
 IN WITNESS WHEREOF, the parties have executed this Release on the date first above written. 

 

			
	COMVERSE TECHNOLOGY, INC.
		
	By:	 	 
		 	Name:
		 	Title:
	
	THE EXECUTIVE
	
	 
	Andre Dahan


  

 2