**Exhibit 10.97**

Initial Award 

**COMVERSE TECHNOLOGY, INC.**

**2005 STOCK INCENTIVE COMPENSATION PLAN**

**DEFERRED STOCK AWARD AGREEMENT**

**SECTION 1. GRANT OF DEFERRED STOCK UNITS.**

(a) **Award**. On the terms and conditions set forth in this Agreement, and consistent with the commitments made in the Grantee’s EmploymentAgreement, the Company grants to Lance Miyamoto (the “Grantee”) a total of 30,000 Deferred Stock Units (the “Granted Units”) on November 1, 2007 (the “Grant Date”). 

(b) **Shareholder Rights**. The Grantee (or any successor in interest) shall not have any of the rights of a shareholder (including, withoutlimitation, voting, dividend and liquidation rights) with respect to the Granted Units until such time as the Company delivers to the Grantee the shares of Common Stock in settlement of the Granted Units, as described in Section 4(a).

(c) **Plan and Defined Terms**. This award is granted under and subject to the terms of the 2005 Stock Incentive Compensation Plan (the“Plan”), which is incorporated herein by reference. Capitalized terms used herein and not defined in the Agreement (including Section 7 hereof) shall have the meaning set forth in the Plan. To the extent any conflict between the termsof this Agreement (other than Section 7 hereof) and the Plan, the terms of the Plan shall control. 

(d) **Grantee Undertaking**. TheGrantee agrees to execute such further instruments and to take such action as may reasonably be necessary to carry out the intent of this Agreement. 

**SECTION 2. NO TRANSFER OR ASSIGNMENT OF AWARD.**

This Award and the rights and privileges conferred hereby shall not be sold, pledged or otherwise transferred (whether by operation of lawor otherwise) and shall not be subject to sale under execution, attachment, levy or similar process; provided, however, that the Grantee shall be permitted to transfer this award, in connection with his or her estate plan, to the Grantee’sspouse, siblings, parents, children and grandchildren or a charitable organization that is exempt under Section 501(c)(3) of the Code or to trusts for the benefit of such persons or partnerships, corporations, limited liability companies orother entities owned solely by such persons, including trusts for such persons or to the Grantee’s former spouse in accordance with a domestic relations order. 

**SECTION 3. VESTING; TERMINATION OF SERVICE.**

(a) **Vesting**. This award shall vest with respect to one-third of the Granted Units on each of the first, second and third anniversaries of the GrantDate or such earlier date as may be determined under Section 3(c) hereof (each, a “Vesting Date”). 

 Initial Award
 

(b) **Termination of Continuous Service**. Except as otherwise provided in this Section 3, the unvested portion of the award shall be forfeited asof the date (the “Termination Date”) that the Grantee actually ceases to provide services to the Company or an Affiliate in any capacity (as an Employee, Director or Consultant) (irrespective of whether the Grantee continues to receiveseverance or any other continuation payments or benefits after such date) for any reason (such cessation of the provision of services by Grantee being referred to as “Service Termination”). A Service Termination shall not occur andContinuous Service shall not be considered interrupted in the case of (i) any vacation, sick leave or approved leave of absence, (ii) transfers among the Company, any Subsidiary or Affiliate, or any successor, in any capacity as anEmployee, Director or Consultant, or (iii) any change in status as long as the individual remains in the service of the Company or a Subsidiary or Affiliate in any capacity as an Employee, Director or Consultant. 

(c) **Change in Control**. Any unvested portion of the Granted Units shall become fully vested upon Service Termination by the Company or an Affiliatewithout Cause or by the Grantee for Good Reason within 12 months following any Change in Control. 

**SECTION 4. SETTLEMENT OF GRANTED UNITS.**

(a) **Settlement Amount**. Subject to Section 4(b) hereof, the Company shall deliver to the Grantee on each Vesting Date a numberof shares of Common Stock equal to the aggregate number of Granted Units that vest as of such date; provided, however, that no shares of Common Stock will be issued in settlement of this award unless the issuance of shares complies with all relevantprovisions of law and the requirements of any stock exchange upon which the shares of Common Stock may then be listed. No fractional shares of Common Stock will be issued. The Company will pay cash in respect of fractional shares of Common Stock.

(b) **Tax Withholding Requirements**. Unless the Grantee has made arrangements satisfactory to the Company to enable it to satisfy allsuch withholding requirements, the Company shall withhold from the settlement amount a sufficient number of shares of Common Stock to enable the Company to satisfy its withholding requirements with respect to the settlement of the Granted Units.

**SECTION 5. ADJUSTMENT OF GRANTED UNITS.**

If there shall be any change in the Common Stock of the Company, through merger, consolidation, reorganization, recapitalization, stockdividend, stock split, reverse stock split, split up, spinoff, combination of shares, exchange of shares, dividend in kind or other like change in capital structure or distribution (other than normal cash dividends), or any extraordinary dividend ordistribution of cash or other assets to shareholders of the Company, in order to prevent dilution or enlargement of participants’ rights under the Plan, the Committee shall adjust, in an equitable manner, the number and kind of shares that willbe paid to the Grantee upon settlement of the Granted Units. 

 

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**SECTION 6. MISCELLANEOUS PROVISIONS.**

(a)**No Retention Rights, No Future Awards**. Nothing in this award 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 otherwiserestrict in any way the rights of the Company (or any Parent or Subsidiary employing or retaining the Grantee) or of the Grantee, which rights are hereby expressly reserved by each, to terminate his or her Continuous Service at any time and for anyreason, with or without cause. 

(b) **Award Unfunded**. The Granted Units represent an unfunded promise. The Grantee’s rights withrespect to the Granted Units are no greater than the rights of a general unsecured creditor of the Company. 

(c) **Notice**. Whenever underthis Agreement it becomes necessary to give notice, such notice shall be in writing, signed by the party or parties giving or making the same, and shall be served on the person or persons for whom it is intended or who should be advised or notified,by Federal Express (or other similar overnight service) or by registered or certified mail, with postage and fees prepaid. Notice shall be addressed to the Company at its principal executive office and to the Grantee at the address that he or shemost recently provided in writing to the Company. 

(d) **Entire Agreement**. This Agreement, and the Plan constitute the entire contractbetween 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.

(e) **Waiver**. No waiver of any breach or condition of this Agreement shall be deemed to be a waiver of any other or subsequent breach orcondition whether of like or different nature. 

(f) **Successors and Assigns**. The provisions of this Agreement shall inure to the benefitof, and be binding upon, the Company and its successors and assigns and upon the Grantee, the Grantee’s assigns and the legal representatives, heirs and legatees of the Grantee’s estate, whether or not any such person shall have become aparty to this Agreement and have agreed in writing to be joined herein and be bound by the terms hereof. 

(g) **Choice of Law**. ThisAgreement shall be governed by, and construed in accordance with, the laws of the State of New York (regardless of the law that might otherwise govern under applicable New York principles of conflict of laws). 

(h) **Section 409A**. Anything to the contrary herein notwithstanding, the Granted Units are not intended to be “nonqualified deferredcompensation” within the meaning of Section 409A and are intended to comply with the “short term deferral” rules under Section 409A. If, however, the Granted Units or any payment in lieu thereof is deemed to not comply withSection 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 settlement of Granted Units or any payment in lieu thereof) 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 otherwisehas been provided 

 

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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 complywith Section 409A. 

**SECTION 7. DEFINITIONS.**

(a) **“Affiliate”** shall mean (i) any entity other than the Subsidiaries in which the Company has a substantial direct or indirectequity interest, as determined by the Board, and (ii) any Subsidiary. 

(b) **“Agreement”** shall mean this Deferred StockUnit Award Agreement. 

(c) **“Cause”** shall have the meaning ascribed to it in the Grantee’s written employment agreementthen in effect. 

(d) **“Code”** shall mean the Internal Revenue Code of 1986, as amended from time to time, and the regulationspromulgated thereunder. 

(e) **“Disability”** shall have the meaning ascribed to it in the Grantee’s written employmentagreement then in effect. 

(f) **“Good Reason”** shall have the meaning set forth in the Grantee’s written employmentagreement then in effect. 

(g) **“Grant Date”** shall have the meaning described in Section 1(a) of this Agreement. 

(h) **“Granted Units”** shall have the meaning described in Section 1(a) of this Agreement. 

(i) **“Grantee”** shall have the meaning described in Section l(a) of this Agreement. 

(j) **“Plan”** shall have the meaning described in Section 1(c) of this Agreement. 

(k) **“Service Termination”** shall have the meaning described in Section 3(b) of this Agreement. 

(I) **“Termination Date”** shall have the meaning described in Section 3(b) of this Agreement. 

(m) **“Vesting Date”** shall have the meaning described in Section 3(a) of this Agreement. 

(Signature Page Follows) 

 

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Initial Award 

IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the Company by its duly authorized officer, on November 1, 2007.

 
GRANTEE:  COMVERSE TECHNOLOGY, INC
/s/ Lance Miyamoto
  By: 
/s/ Andre Dahan