Document:

Exhibit 10.16

Exhibit
10.16

AMENDMENT NO. 4

TO THE

WITNESS SYSTEMS, INC.

AMENDED AND RESTATED STOCK INCENTIVE PLAN

THIS AMENDMENT NO. 4 TO THE WITNESS SYSTEMS, INC. AMENDED AND RESTATED STOCK INCENTIVE PLAN
(this “Amendment”) is made effective as of the 23rd day of December 2008, by Verint
Systems Inc., a Delaware corporation (the “Company”).

WHEREAS, the Board of Directors of the Company has determined that it is in the best interest
of the Company to amend the Witness Systems, Inc. Amended and Restated Stock Incentive Plan (as
amended and restated, the “Plan”), to make technical changes to comply with the requirements of
Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”);

WHEREAS, the Board of Directors of the Company has determined that this Amendment may be made
without stockholder approval;

NOW, THEREFORE, the Plan is hereby amended as follows:

	1.	 	Section 2.10(a) of the Plan is amended by replacing the following “(or the mean of the
closing bid and asked prices, if no sales were reported)” with the following words “, or if no
closing sales price was reported on that date, the closing sale price on the immediately
preceding trading date”.
	 
	2.	 	Section 2.10(b) of the Plan is replaced in its entirety with the following:
	 
	 	 	If the Common Stock is regularly quoted on an automated quotation system (including the OTC
Bulletin Board) or by a recognized securities dealer, its Fair Market Value shall be the
closing sales price for such stock as quoted on such system or by such securities dealer on
the date of determination, or if no closing sales price was reported on that date, the
closing sale price on the immediately preceding trading date.
	 
	3.	 	Section 7.2(a) is amended by replacing the following words in the third sentence “shall be no
less than the minimum price required by applicable state law, or by the Company’s governing
instrument, or $0.01, whichever price is greater” with the following words “shall not be less
than the Fair Market Value of the Common Stock on the date of the grant”.
	 
	4.	 	Section 7.2(d) is amended by replacing the following words in the first sentence “; provided,
however, that subsequent to the grant of an Option, the Board at any time before complete
termination of such Option, may accelerate the time or times at which such Option may be
exercised in whole or in part.” with the following words “. The Board, at any time before
complete termination of such Option, may accelerate the time or times at which such Option may
be exercised in whole or in part; provided, however, if the Option is considered deferred compensation
under Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”), such
Option will be vested and delivered in accordance with prior distribution election in
compliance with Section 409A.”.

 

 

 

	5.	 	Section 7.3(b) of the Plan is amended by replacing the following words “; provided, however,
that subsequent to the grant of a Stock Appreciation Right, the Board, at any time before
complete termination of such Stock Appreciation Right, may accelerate the time or times at
which such Stock Appreciation Right may be exercised in whole or in part.” with the following
words “. The Board, at any time before complete termination of such Stock Appreciation Right,
may accelerate the time or times at which such Stock Appreciation Right may be exercised in
whole or in part; provided, however, if the Stock Appreciation Right is considered deferred
compensation under Section 409A, such Stock Appreciation Right will be vested and delivered in
accordance with prior distribution election in compliance with Section 409A.”.
	 
	6.	 	Section 7.4 of the Plan is amended by replacing the following words in the second sentence
“The Board shall have the power to permit, in its discretion, an acceleration of the
expiration of the applicable restriction period with respect to any part or all of the Shares
awarded to a Participant” with the following words “The Board may, in its sole discretion,
modify or accelerate the vesting and delivery of the Shares awarded to a Participant;
provided, however, if the Restricted Stock Award is subject to prior distribution elections,
such Restricted Stock Award will be vested and delivered in accordance with the applicable
distribution election in compliance with Section 409A”.
	 
	7.	 	Section 7.5 of the Plan is amended by replacing the fourth paragraph of Section 7.5 in its
entirety with the following:
	 
	 	 	Amounts equal to any dividends declared with respect to the number of shares of Common
Stock covered by a Restricted Stock Unit Award will be paid at the same time as the
underlying Restricted Stock Unit Award.
	 
	8.	 	Section 7.5 of the Plan is amended by replacing the following words in the sixth paragraph
“The Board shall have the power to permit, in its discretion, an acceleration of the vesting
period with respect to any part or all of the Restricted Stock Unit Award” with the following
words “The Board shall have the power to permit, in its discretion, an acceleration of the
vesting period with respect to any part or all of the Restricted Stock Unit Award; provided,
however, if the Restricted Stock Unit Award is subject to prior distribution elections, such
Restricted Stock Unit Award will be paid in accordance with the applicable distribution
election in compliance with Section 409A”.

 

- 2 -

 

	9.	 	The following is added at the end of Section 12:
	 
	 	 	Notwithstanding any provision of this Plan to the contrary, to the extent an award shall be
deemed to be vested or restrictions lapse, expire or terminate upon the occurrence of a one
of the above mentioned events and such above mentioned events are not described by Section
409A(a)(2)(A)(v) of the Code, then any resulting payment permitted by this Section that
would be considered deferred compensation under Section 409A will instead be made to the
Participant on the 30th day following the earliest of (A) the Participant’s
“separation from service” with the Company (determined in accordance with Section 409A),
(B) the date payment would have otherwise been made in the absence of any provisions in
this Plan to the contrary (provided such date is permissible under Section 409A), or (C)
the Participant’s death.
	 
	10.	 	A new Section 14.6 is added to the Plan as follows:

	 	14.6	 	Compliance with Section 409A.

	 	 	A. It is the intention that any amounts payable under this Plan comply with the provisions
of Section 409A so as not to subject any Participant to the payment of the additional tax,
interest and any tax penalty which may be imposed under Section 409A. In furtherance
thereof, to the extent that any provision hereof would result in any Participant being
subject to payment of the additional tax, interest and tax penalty under Section 409A, the
Company and the Participant agree to amend this Plan in order to bring this Plan into
compliance with Section 409A; without materially changing the economic value of the
arrangements under this Plan to the Company or any Participant; and thereafter the Company
and any Participant interpret its provisions in a manner that complies with Section 409A.
Notwithstanding the foregoing, no particular tax result for any Participant with respect to
any income recognized by the Participant in connection with this Plan is guaranteed.
	 
	 	 	B. Notwithstanding any provisions of this Plan to the contrary, if the Participant is a
“specified employee” (within the meaning of Section 409A and determined pursuant to
policies adopted by the Company) at the time of his or her separation from service and if
any portion of the payments or benefits to be received by the Participant upon separation
from service would be considered deferred compensation under Section 409A, amounts that
would otherwise be payable pursuant to this Plan during the six-month period immediately
following the Participant’s separation from service and benefits that would otherwise be
provided pursuant to this Plan during the six-month period immediately following the
Participant’s separation from service will instead be paid or made available on the earlier
of (i) the first day of the seventh month following the date of the Participant’s
“separation from service” (within the meaning of Section 409A) and (ii) the Participant’s
death.

Except as specifically amended by this Amendment, the Plan shall remain in full force and effect in
accordance with its terms.

 

- 3 -Exhibit 10.20

Exhibit 10.20

                    , 2009

[Name]

[Address]

Notice of Grant of Restricted Stock

Dear [Name]:

Congratulations! You have been granted a Restricted Stock Award pursuant to the terms and
conditions of the Verint Systems Inc. (the “Company”) Stock Incentive Compensation Plan (formerly
the Comverse Infosys, Inc. Stock Option Plan) (as the same may be amended, restated, or
supplemented from time to time, including by any applicable country supplements, the “Plan”) for
[Amount] shares (the “Award”) of Common Stock of the Company as outlined below.

	 	 	 	 	 
	 

	 	Granted To:
	 	[Name]
	 

	 	 	 	[Social Security Number]
	 
	 
	 

	 	Grant Date:
	 	[Date]
	 
	 
	 

	 	Shares Granted:
	 	[Amount]
	 
	 
	 

	 	Price Per Share:
	 	U.S.$0.00
	 
	 
	 

	 	Vesting Schedule:	 	The Restricted Stock Award granted hereby shall vest on
each of the following dates (each, a “Vesting Date”):
	 
	 
	 

	 	 	 	•    [Percent]% on [Date].

	 
	 
	 

	 	Restrictions on

Re-Sale:	 	Regardless of the vesting of your Award, in no event shall
you be allowed to re-sell any shares granted hereunder
until the Company has an effective registration statement
under the Securities Act of 1933, as amended, relating to
the shares desired to be sold.

	 	 	 	 	 
	 	Verint Systems Inc.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

U.S. Form — Independent FY2009 Regular Vesting

 

 

 

By my signature below, I hereby acknowledge my receipt of this Award granted on the date shown
above, which has been issued to me under the terms and conditions of the Plan. I further
acknowledge receipt of a copy of the Plan, a Restricted Stock Award Agreement, and a summary
information sheet. I agree that the Award is subject to all of the terms and conditions of the
Plan, this Notice of Grant of Restricted Stock, and the Restricted Stock Award Agreement.

If I am a resident of Canada, I also acknowledge having requested that this Notice and all
documents referred to herein be drafted in the English language. Je reconnais également avoir
exigé que ce document ainsi que tout document auquel ce document fait référence, soient rédigés en
langue anglaise.

	 	 	 	 	 	 	 	 	 	 	 
	Signature:

	 	 	 	 	 	Date:	 	 	 	 
	 

	 	 

	 	 	 	 	 	 

	 	 

U.S. Form — Independent FY2009 Regular Vesting

 

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VERINT SYSTEMS INC.

RESTRICTED STOCK AWARD AGREEMENT

This Restricted Stock Award Agreement (“Agreement”) governs the terms and conditions of the
Restricted Stock Award (the “Award”) specified in the Notice of Grant of Restricted Stock
(the “Notice of Grant”) delivered herewith entitling the person to whom the Notice of Grant
is addressed (“Grantee”) to receive from Verint Systems Inc. (the “Company”) the
number of shares of the Company’s Common Stock indicated in the Notice of Grant (the
“Restricted Stock”). Capitalized terms used but not defined in this Agreement shall have
the meanings set forth in the Verint Systems Inc. Stock Incentive Compensation Plan (formerly the
Comverse Infosys, Inc. Stock Option Plan), as the same may be amended, restated, or supplemented
from time to time, including by any applicable country supplements (the “Plan”).

	1	 	RESTRICTED STOCK; VESTING

	1.1	 	Grant of Restricted Stock.

	(a)	 	The Award of the Restricted Stock is made subject to the terms and conditions of the Plan and
this Agreement. If and when the shares of Restricted Stock awarded hereunder vest in
accordance with the terms of this Agreement and the Notice of Grant without forfeiture, and
upon the satisfaction of all other applicable conditions as to the Restricted Stock, such
 shares shall no longer be considered Restricted Stock for purposes of this Agreement.

	(b)	 	As soon as administratively practicable after the Date of Grant, the Company shall direct
that the shares of Restricted Stock be registered in the name of and issued to the Grantee
either in book entry format or represented by a stock certificate or certificates. All such
 shares, and any certificate or certificates representing the same, shall be held in the
custody of the Company or its designee until such shares no longer are considered Restricted
Stock.

	(c)	 	As a condition to the issuance and registration of the shares of Restricted Stock, and prior
to the delivery of any stock certificate or certificates representing the Restricted Stock,
the Grantee shall deliver to the Company or its designee one or more stock powers endorsed in
blank relating to the Restricted Stock (as directed by the Company), in the form attached
hereto as Exhibit A. Grantee irrevocably appoints the Company and each of its
officers, employees and agents as his true and lawful attorneys with power (i) to sign in
Grantee’s name and on Grantee’s behalf stock certificates and stock powers covering the
Restricted Stock and such other documents and instruments as the Committee deems necessary or
desirable to carry out the terms of this Agreement and (ii) to take such other action as the
Committee deems necessary or desirable to effectuate the terms of this Agreement. This power,
being coupled with an interest, is irrevocable. Grantee agrees to execute such other stock
powers and documents as may be reasonably
requested from time to time by the Committee to effectuate the terms of this Agreement.

U.S. Form — Independent FY2009 Regular Vesting

 

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	(d)	 	Each certificate, if any, for the Restricted Stock shall bear the following legend (the
“Legend”):

	 	 	 	“The ownership and transferability of this certificate and the shares of stock
represented hereby are subject to the terms and conditions (including forfeiture)
of the Verint Systems Inc. Stock Incentive Compensation Plan (formerly the Comverse
Infosys, Inc. Stock Option Plan) and a Restricted Stock Award Agreement entered
into between the registered owner and Verint Systems Inc. Copies of such Plan and
Agreement are on file in the executive offices of Verint Systems Inc.”

	 
	 	 	 	“THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE, AND SUCH
SECURITIES MAY NOT BE SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF
REGISTRATION THEREUNDER OR AN EXEMPTION THEREFROM.”

	 	 	In addition, the Restricted Stock shall be subject to such stop-transfer orders and other
restrictions as the Company may deem advisable under the rules, regulations, and other
requirements of the Securities and Exchange Commission, any stock exchange or securities
association upon which the Common Stock is then listed, and any applicable federal or state
securities law, and the Company may cause a legend or legends to be placed on such
certificate or certificates to make appropriate reference to such other restrictions.

	(e)	 	As soon as administratively practicable following the vesting of shares of Restricted Stock
in accordance with the terms of this Agreement, and subject to the satisfaction of all other
applicable conditions, including, but not limited to, the payment by the Grantee of all
applicable withholding taxes, if any, the Company shall, at its option, (i) deliver or cause
to be delivered to the Grantee a certificate or certificates for the applicable shares of
Restricted Stock which shall not bear the Legend or (ii) transfer or arrange to have
transferred the vested shares to a brokerage account of Grantee designated by the Company free
of any Company-imposed transfer restrictions.

U.S. Form — Independent FY2009 Regular Vesting

 

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	1.2	 	Restrictions.

	(a)	 	The Grantee shall have all rights and privileges of a stockholder as to the Restricted Stock,
including the right to vote and receive dividends or other distributions with respect to the
Restricted Stock, except that the following restrictions shall apply:

	 	(i)	 	the Grantee shall not be entitled to delivery of any of the shares of
Restricted Stock (whether by transfer to Grantee’s brokerage account or by delivery of
stock certificates) until the applicable Vesting Date and upon the satisfaction of all
other applicable conditions whereupon Grantee will only be entitled to the Vested
Percentage;

	 	(ii)	 	shares of Restricted Stock may not be sold, pledged, assigned, transferred,
or otherwise encumbered or disposed of for any reason until the applicable Vesting
Date;

	 	(iii)	 	all shares of Common Stock distributed as a dividend or distribution, if
any, with respect to shares of Restricted Stock prior to the applicable Vesting Date
shall be delivered to and held by the Company or its designee and subject to the same
restrictions as the shares of Restricted Stock in respect of which the dividend or
distribution was made; and

	 	(iv)	 	all unvested shares of Restricted Stock shall be forfeited and returned to
the Company and any and all rights of the Grantee of any kind with respect to such
 shares shall terminate in their entirety on the terms and conditions set forth in
Paragraph 1.4.

	(b)	 	Regardless of the vesting of your Award, in no event shall Grantee be allowed to re-sell any
 shares granted hereunder until the Company has an effective registration statement under the
Securities Act of 1933, as amended, relating to the shares desired to be sold.

	(c)	 	Any attempt to dispose of unvested shares of Restricted Stock or any interest in such shares
in a manner contrary to the restrictions set forth in this Agreement shall be void and of no
effect.

	1.3	 	Vesting.

	(a)	 	Subject to the provisions contained in this Paragraph 1.3 and in Paragraphs 1.4 and 1.5, the
applicable percentage of the shares of Restricted Stock awarded hereunder (the “Vesting
Percentage”) shall be deemed vested and no longer subject to restriction under Paragraph
1.2 or forfeiture under Paragraph 1.4 on the applicable vesting date (“Vesting Date”)
in accordance with the schedule set forth in the Notice of Grant. Vesting shall cease upon
the date Grantee’s Continuous Service terminates for any reason, unless otherwise determined
by the Committee in its sole discretion.

U.S. Form — Independent FY2009 Regular Vesting

 

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	(b)	 	In the event of a Change of Control, any and all unvested shares of restricted stock under
this Agreement shall become vested immediately prior to the consummation of such Change of
Control. For purposes of this provision, “Change in Control” shall mean any of the following
transactions in connection with which the Grantee ceases to have a seat on the Board, other
than by voluntary resignation or removal for
cause: (i) the acquisition by any
person, entity or affiliated group
(other than Comverse Technology,
Inc.), in one or a series of
transactions, of more than 50% of
the voting power of Verint Systems
Inc. (“Verint”), (ii) the
requirement that any person, entity
or affiliated group (other than
Comverse Technology, Inc.)
consolidate with its financial
results the financial results of
Verint, (iii) a merger or
consolidation in which the holders
of Verint’s equity securities would
not be holders of 50% or more of the
voting power of the merged or
consolidated entity, (iv) a sale of
all or substantially all of Verint’s
assets, or (v) during any period of
two consecutive years, Incumbent
Directors cease to constitute at
least a majority of the Board.
“Incumbent Directors” shall mean:
(1) the directors who were serving
at the beginning of such two-year
period, (2) any directors whose
election or nomination was approved
by the directors referred to in
clause (1) or by a director approved
under this clause (2), and (3) at
any time that Comverse Technology,
Inc. owns a majority of the voting
power of Verint, any director
nominated by Comverse Technology,
Inc.

	1.4	 	Forfeiture.

	(a)	 	This Section 1.4(a) is in all events subject to the provisions of Section 1.3(b). If
Grantee’s Continuous Service terminates for any reason, all shares of Restricted Stock which
are then unvested shall be forfeited by Grantee as of the date of termination unless otherwise
determined by the Committee in its sole discretion. In the event of any such forfeiture, all
such forfeited shares of Restricted Stock shall become the property of the Company and any
certificate or certificates representing such shares of Restricted Stock shall be returned
immediately to the Company. For the avoidance of doubt, Grantee acknowledges and agrees that
he or she has no expectation that any Restricted Stock will vest on the termination of his or
her Continuous Service for any reason and that he or she will not be entitled to make a claim
for any loss occasioned by such forfeiture as part of any claim for breach of his or her
service as a director, service contract, or otherwise.

	(b)	 	A Grantee’s Continuous Service shall not be considered interrupted in the case of any
approved leave of absence. An approved leave of absence shall include sick leave, military
leave, or any other leave that is required by statute or promised by contract, by Company
policy, or by other authorization of the Company. Any other leave of absence will be
considered unauthorized and Grantee’s Continuous Service will be considered terminated for
purposes of this Agreement at the start of such unauthorized leave. Notwithstanding the
foregoing, unless Grantee’s right to return from an authorized leave is guaranteed by statute
or by contract, if an approved leave of absence exceeds six (6) months, Grantee’s Continuous
Service shall be considered terminated for purposes of this Agreement on the date such
authorized leave exceeds six (6) months in duration; provided, however, that
the Committee shall have discretion to waive the effect of the foregoing forfeiture provision
or lengthen the six month period before a forfeiture occurs to the extent necessary to comply
with applicable tax, labor, or other law or based on the particular facts and circumstances of
the leave in question.

U.S. Form — Independent FY2009 Regular Vesting

 

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	1.5	 	Tax; Withholding.

	(a)	 	As a condition of the Award, the Grantee agrees not to make an election, under
Section 83(b) of the Internal Revenue Code of 1986, as amended, to include an amount of income
in respect of the Restricted Stock.

	(b)	 	The Company shall determine the amount of any withholding or other tax required by law to be
withheld or paid by the Company, if any, with respect to any income recognized by the Grantee
with respect to the Restricted Stock.

	(c)	 	Neither the Company nor any Subsidiary, Affiliate or agent makes any representation or
undertaking regarding the treatment of any tax or tax withholding in connection with the grant
or vesting of the Award or the subsequent sale of shares subject to the Award. The Company
and its Subsidiaries and Affiliates do not commit and are under no obligation to structure the
Award to reduce or eliminate the Grantee’s tax liability.

	(d)	 	The Grantee shall be required to meet any applicable tax withholding obligation, whether
United States federal, state, local or non-U.S., including any employment tax obligations or
social security obligations (the “Tax Withholding Obligation”), in accordance with the
provisions of the Plan prior to any event in connection with the Award (e.g., acquisition,
vesting, or disposal) that the Company determines may result in any Tax Withholding
Obligation, and subject to the Plan, the Company reserves the right to determine the method or
methods by which such Tax Withholding Obligations will be satisfied together with any
associated timing or other details required to effectuate such method or methods. If,
pursuant to the Plan, the Grantee wishes to satisfy his or her minimum Tax Withholding
Obligation, in whole or in part, (i) by providing the Company with funds sufficient to enable
the Company to pay such tax or (ii) by requiring (subject to Committee disapproval as provided
in the Plan) that the Company retain or accept, or by requesting that the Company arrange for
the sale by the Grantee of, shares of its stock sufficient in value (as determined under the
Plan) to cover the amount of such tax, the Grantee will provide written notice of the same,
together with a wire transfer or certified check for such funds in the case of clause (i)
above, to the Company or its designee in accordance with the timing and other terms of the
Company’s notice of election procedures to be separately provided to the Grantee, prior to the
applicable vesting date or other event in connection with the Award that the Company has
advised Grantee may result in a Tax Withholding Obligation.

	(e)	 	The Grantee is ultimately liable and responsible for all taxes owed by the Grantee in
connection with the Award, regardless of any action the Company or any of its Subsidiaries,
Affiliates or agents takes with respect to any Tax Withholding Obligations that arise in
connection with the Award. Accordingly, Grantee agrees to pay to the applicable tax
authorities any amount of tax that is not satisfied by any such action of the Company or its
Subsidiary or Affiliate.

U.S. Form — Independent FY2009 Regular Vesting

 

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	(f)	 	The Committee shall be authorized, in its sole discretion, to establish such rules and
procedures relating to the use of shares of Common Stock to satisfy tax withholding
obligations as it deems necessary or appropriate to facilitate and promote the conformity of
the Grantee’s transactions under the Plan and this Agreement with Rule 16b-3 under the
Securities Exchange Act of 1934, as amended, if such rule is applicable to transactions by the
Grantee.

	2	 	REPRESENTATIONS OF THE GRANTEE

The Grantee hereby represents to the Company that the Grantee has read and fully understands the
provisions of this Agreement and the Plan, and the Grantee acknowledges that the Grantee is relying
solely on his or her own advisors with respect to the tax consequences of this Award. Grantee
acknowledges that this Agreement has not been reviewed or approved by any regulatory authority in
his or her country of residence or otherwise.

	3	 	NOTICES

All notices or communications under this Agreement shall be in writing, addressed as follows:

To the Company:

	 	 	 
	 

	 	Verint Systems Inc.
	 

	 	330 South Service Road
	 

	 	Melville, NY 11747-3201
	 

	 	U.S.A.
	 

	 	+(631) 962-9600 (phone)
	 

	 	+(631) 962-9623 (fax)
	 

	 	Attn: Chief Legal Officer

To the Grantee:

	 	 	 
	 

	 	as set forth in the Company’s compensation records

Any such notice or communication shall be (a) delivered by hand (with written confirmation of
receipt) or sent by a nationally recognized overnight delivery service (receipt requested) or (b)
sent certified or registered mail, return receipt requested, postage prepaid, addressed as above
(or to such other address as such party may designate in writing from time to time), and the actual
date of receipt shall determine the time at which notice was given. Grantee will promptly notify
the Company in writing upon any change in Grantee’s address.

U.S. Form — Independent FY2009 Regular Vesting

 

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	4	 	ASSIGNMENT; BINDING AGREEMENT

This Agreement shall be binding upon and inure to the benefit of the heirs and representatives of
the Grantee and the assigns and successors of the Company, but neither this Agreement nor any
rights hereunder shall be assignable or otherwise subject to hypothecation or transfer by the
Grantee.

	5	 	ENTIRE AGREEMENT; AMENDMENT

This Agreement and the Notice of Grant represent the entire agreement of the parties with respect
to the subject matter hereof, except that the provisions of the Plan are incorporated in this
Agreement in their entirety. In the event of any conflict between the provisions of this Agreement
or the Notice of Grant and the Plan, the provisions of the Plan shall control. This Agreement or
the Notice of Grant may be amended by the Committee without the consent of the Grantee except in
the case of an amendment adverse to the Grantee, in which case the Grantee’s consent shall be
required. Notwithstanding the foregoing, however, the Committee shall have the power to adopt
regulations for carrying out this Agreement and to make changes in such regulations, as it shall,
from time to time, deem advisable. Any interpretation by the Committee of the terms and provisions
of this Agreement and the administration thereof, and all action taken by the Committee, shall be
final and binding.

	6	 	GOVERNING LAW

This Agreement shall be governed by the laws of the state of New York, without giving effect
to any principle of law that would result in the application of the law of any other jurisdiction.
Each party to this Agreement hereby consents and submits himself, herself or itself to the
jurisdiction of the courts of the state of New York for the purposes of any legal action or
proceeding arising out of this Agreement. Nothing in this Agreement shall affect the right of the
Company to commence proceedings against the Grantee in any other competent jurisdiction, or
concurrently in more than one jurisdiction, or to serve process, pleadings and other papers upon
the Grantee in any manner authorized by the laws of any such jurisdiction. The Grantee irrevocably
waives:

(a) any objection which it may have now or in the future to the laying of the venue of any
action, suit or proceeding in any court referred to in this Section; and

(b) any claim that any such action, suit or proceeding has been brought in an inconvenient
forum.

	7	 	SEVERABILITY

Whenever possible, each provision in this Agreement shall be interpreted in such manner as to be
effective and valid under applicable law, but if any provision of this Agreement shall be held to
be prohibited by or invalid under applicable law, then (a) such provision shall be deemed amended
to accomplish the objectives of the provision as originally
written to the fullest extent permitted by law and (b) all other provisions of this Agreement shall
remain in full force and effect.

U.S. Form — Independent FY2009 Regular Vesting

 

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	8	 	ONE-TIME GRANT; NO RIGHT TO CONTINUED SERVICE OR PARTICIPATION; EFFECT ON OTHER PLANS

Grantee’s award of Restricted Stock is a voluntary, discretionary bonus being made on a one-time
basis and it does not constitute a commitment to make any future awards. Neither this Agreement
nor the Notice of Grant shall confer upon Grantee any right with respect to continued service with
the Company, a Subsidiary or Affiliate, nor shall it interfere in any way with the right of the
Company a Subsidiary or Affiliate to terminate Grantee’s Continuous Service at any time. Payments
received by Grantee pursuant to this Agreement and the Notice of Grant shall not be considered
salary or other compensation for purposes of any severance pay or similar allowance and shall not
be included in the determination of benefits under any pension, group insurance or other benefit
plan of the Company or any Subsidiaries or Affiliate in which Grantee may be enrolled or for which
Grantee may become eligible, except as otherwise required by law, as may be provided under the
terms of such plans, or as determined by the Board of Directors of the Company.

	9	 	NO STRICT CONSTRUCTION

No rule of strict construction shall be implied against the Company, the Committee or any other
person in the interpretation of any of the terms of the Plan, this Agreement, the Notice of Grant
or any rule or procedure established by the Committee.

	10	 	CERTAIN DEFINITIONS

Wherever the word “Grantee” is used in any provision of this Agreement under circumstances where
the provision should logically be construed to apply to the executors, the administrators, or the
person or persons to whom the Restricted Stock may be transferred by will or the laws of descent
and distribution, the word “Grantee” shall be deemed to include such person or persons.

To the extent that Grantee is a member of the Committee at any relevant time under this Agreement,
the term “Committee” shall for all purposes hereunder be deemed to refer to the Board of Directors
of the Company or a committee thereof on which Grantee does not sit which is authorized by the
Board to administer this Agreement.

	11	 	FURTHER ASSURANCES

The Grantee agrees, upon demand of the Company or the Committee, to do all acts and execute,
deliver and perform all additional documents, instruments and agreements (including, without
limitation, stock powers with respect to shares of Common Stock issued as a dividend or
distribution on Restricted Stock) which may be reasonably
required by the Company or the Committee, as the case may be, to implement the provisions and
purposes of this Agreement and the Plan.

U.S. Form — Independent FY2009 Regular Vesting

 

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	12	 	AMENDMENT TO MEET THE REQUIREMENTS OF SECTION 409A ET AL

Grantee acknowledges that the Company, in the exercise of its sole discretion and without the
consent of Grantee, may amend or modify this Agreement in any manner and delay the payment of any
amounts payable pursuant to this Agreement to the minimum extent necessary to meet the requirements
of Section 409A of the Code as amplified by any Internal Revenue Service or U.S. Treasury
Department regulations or guidance, or any other applicable equivalent tax law, rule, or
regulation, as the Company deems appropriate or advisable.

	13	 	CONSENT TO TRANSFER PERSONAL DATA

The Company and its Subsidiaries hold certain personal information about Grantee, that may include
Grantee’s name, home address and telephone number, date of birth, social security number or other
employee identification number, salary, nationality, job title, any shares of stock held in the
Company, or details of any entitlement to shares of stock awarded, canceled, purchased, vested, or
unvested, for the purpose of implementing, managing and administering the Plan (“Data”).
The Grantee hereby agrees that the Company and/or its Subsidiaries may transfer Data amongst
themselves as necessary for the purpose of implementation, administration and management of
Grantee’s participation in the Plan, and the Company and/or any of its Subsidiaries may each
further transfer Data to any third parties assisting the Company in the implementation,
administration and management of the Plan. These recipients may be located throughout the world,
including outside the Grantee’s country of residence (or outside of the European Union, for
Grantee’s located within the European Union). Such countries may not provide for a similar level
of data protection as provided for by local law (such as, for example, European privacy directive
95/46/EC and local implementations thereof). Grantee hereby authorizes those recipients — even if
they are located in a country outside of Grantee’s country of residence (or outside of the European
Union, for Grantee’s located within the European Union) — to receive, possess, use, retain and
transfer the Data, in electronic or other form, for the purpose of implementing, administering and
managing Grantee’s participation in the Plan, including any requisite transfer of such Data as may
be required for the administration of the Plan and/or the subsequent holding of shares of stock on
Grantee’s behalf by a broker or other third party with whom Grantee or the Company may elect to
deposit any shares of stock acquired pursuant to the Plan. Grantee is not obliged to consent to
such collection, use, processing and transfer of personal data and may, at any time, review Data,
require any necessary amendments to it or withdraw the consent contained in this section by
contacting the Company in writing. However, withdrawing or withholding consent may affect
Grantee’s ability to participate in the Plan. More information on the Data and/or the consequences
of withholding or withdrawing consent can be obtained from the Company’s legal department.

U.S. Form — Independent FY2009 Regular Vesting

 

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	14	 	CERTAIN COUNTRY-SPECIFIC PROVISIONS

For residents of the UK only:

Grantee agrees, as a condition to its acceptance of the Award, to satisfy any requirement of the
Company or any subsidiary that, prior to vesting of all or any part of the Award, Grantee enter
into a joint election under section 431(1) of the UK Income Tax (Earnings and Pensions) Act 2003,
the effect of which is that the Shares issued on vesting will be treated as if they were not
restricted securities.

Tax Withholding Obligations under this Agreement shall include, without limitation:

(i) United Kingdom (UK) income tax; and

(ii) UK primary class 1 (employee’s) national insurance contributions.

For residents of Canada only:

I acknowledge having requested that this Agreement and all documents referred to herein be drafted
in the English language. Je reconnais également avoir exigé que ce document ainsi que tout
document auquel ce document fait référence, soient rédigés en langue anglaise.

For residents of Hong Kong only:

The Data Protection Principles specified in the Personal Data (Privacy) Ordinance (Cap. 486 of the
Laws of Hong Kong will apply to any Data upon its transfer to any place outside of Hong Kong).

END OF AGREEMENT

U.S. Form — Independent FY2009 Regular Vesting

 

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EXHIBIT A

STOCK POWER

FOR VALUE RECEIVED, the undersigned does hereby sell, assign and transfer unto
                    
                    1,                                         2
(                    )3 shares of Common Stock of Verint Systems Inc., [represented by Certificate
No.                     ]4 (the “Shares”), standing in his or her name on the books of said
corporation and does hereby irrevocably constitute and appoint
                                        5 as his lawful attorney-in-fact to transfer said Shares on
the books of said corporation with full power of substitution in the premises.

DATED:                     6

	 	 	 	 	 	 	 
	 

	 	 	 	 	7	 
	 	 	 	 	 
	 

	 	Name:	 	 	8	 

 

	 	 	 
	1	 	Leave this item blank. The transferee will be
completed if and when the shares are assigned.

	 
	2	 	Enter the number of shares in words.

	 
	3	 	Enter the number of shares in numerals.

	 
	4	 	Include this item (and complete the blank and remove
the brackets) only if the shares were certificated. If not, strike this item.

	 
	5	 	Leave this item blank. The attorney-in-fact will be
completed if and when the shares are assigned.

	 
	6	 	Leave this item blank (do not date when signing). The
date will be completed if and when the shares are assigned.

	 
	7	 	Sign here.

	 
	8	 	Print your name here.

U.S. Form — Independent FY2009 Regular Vesting

 

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