Document:

exv10w22

 

Exhibit 10.22

April 21, 2006

Mr. Al Wood

C/O Veraz Networks, Inc.

926 Rock Avenue, Suite 20

San Jose, CA 95131

Re: Amendment to Offer of Employment with Veraz Networks, Inc. dated April 13, 2005

Dear Al:

Veraz Networks, Inc. (the “Company”) is pleased to offer you the following amendment to your
employment letter dated April 13, 2005 (“Employment Agreement”). Except as otherwise set forth
herein, the terms and conditions of the Employment Agreement remain in full force and effect
without any modification.

Commencing March 1, 2006, the annual base salary set forth in the paragraph numbered 2 of the
Employment Agreement shall be $225,000.

As of March 1, 2006, the following language contained in Paragraph 7 of the Employment Agreement:

“then the Company shall provide you with a lump sum severance
payment equal to six (6) months of your base salary then in
effect” shall be amended to read as follows:

“then the Company shall provide you with a lump sum severance
payment equal to twelve (12) months of your base salary then in effect.”

If you agree to the terms and conditions set forth herein, please sign where indicated below.

Best Regards

	 	 	 
	Veraz Networks, Inc.
	 
	 	 
	/s/ Denise Pierre
 

Denise Pierre

	 	 
	Vice President, Global Human Resources
	 
	 	 
	Accepted and agreed:
	 	 
	 
	 	 
	/s/Al Wood
 

Al Wood

	 	 
	Date: 4/21/06
	 	 

1.exv10w23

 

Exhibit 10.23

Date: 1.1.2003

Full Name: Israel Zohar

ID No: 52577013

Dear Madam/Sir,

               Re:           Your Employment with Veraz Networks Ltd.

We are pleased to confirm to you in this agreement and the appendices hereto, your terms of
employment with Veraz Networks Ltd. (A private regd. Co. No. 513044537, hereinafter: “Veraz” or
“the Company”) and wish you every success in your new position.

A. The Position

	1.	 	You have been accepted to the position of General Manager at Veraz networks (hereinafter:
“the Position”) in the general division subordinate to the Board of Directors and the CEO of
the Veraz Networks Company Inc., or as a result of a change to the control of the Company, as
defined in Section J of Appendix A (Change of Control), to another position with similar
powers and responsibilities as the Company may decide and shall instruct as such, provided
that the conditions of Section J in Appendix A remain intact – the Terms of Employment.
	 
	2.	 	Your employment with the Company is for a period of time which has not been limited in
advance, commencing on 1.1.03.
	 
	B.	 	Position of Personal Trust
	 
	3.	 	You acknowledge and agree, without reservation that:

	 	3.1	 	As there is no supervision on your hours of work and rest and your position
belongs to those positions which require a special measure of personal trust, as defined
in the Hours of Work and Rest Law, 5718 – 1951, the provisions of this law shall not
apply to you, and you shall not receive any recompense for overtime work.
	 
	 	3.2	 	The Position for the purpose of work require work during flexible hours, work
beyond regular working hours and even on irregular days.

 

 

	C.	 	The Salary
	 
	4.	 	Your salary shall be at the rate of N.I.S. 42,569 gross monthly (hereinafter: “the Salary”)
and shall be updated according to the cost of living increase as shall be paid from time to
time to workers in the marketplace. The above Salary includes the cost of living increment
which was paid prior to the signing of this agreement.
	 
	5.	 	Your Salary shall include a monthly payment, at the rate of 10% (ten percent) of the Salary
owing to you for that month – as special consideration for your undertaking to limit
competition against the Company as specified in Appendix A, attached hereto (hereinafter: “the
Special Consideration”), provided that you do not breach the above mentioned undertaking.
	 
	6.	 	Your Salary will be paid to you on the 1st of every month, and in any event no
later than by the 9th of every month.
	 
	7.	 	Furthermore, you shall be entitled to be included within the framework of senior rewards as
agreed upon between you and the Company with the approval of the Company’s board. The terms of
the program and the goals shall be agreed upon by no later than the end of January.
	 
	D.	 	Annual Vacation, Sick Leave, Recuperation Payments and Military Reserve Duty.
	 
	8.	 	You are entitled to annual vacation eave of 21 work days for your 1st year’s work with the
Company (hereinafter: “the Initial Vacation Quota”).
	 
	9.	 	After your 1st year’s work, for any additional year’s work with the Company —  one
work day shall be added to the Initial Vacation Quota up to a maximum annual vacation ceiling
of 21 (twenty one) annual work days.
	 
	10.	 	You shall be entitled to accumulate to your credit the unutilized balance of vacation
contract days – up to a ceiling of 600 work hours. The accumulated vacation hours above and
beyond this ceiling shall be redeemed by the Company in your regular Salary. The redemption of
your Salary shall be done without the payment of social welfare and other rights. You must
effectively and actually utilize at least five (5) consecutive work days as annual vacation
leave.

 

 

	11.	 	You shall be entitled to be absent form work with payment due to illness 1.5 days every month
which may be accumulated up to a maximum ceiling of 90 days. Payment for sick leave shall be
made subject to the providing of a duly issued sick note excepting for two non consecutive
sick days annually which you may utilize without the said sick note. There is no redemption of
sick days which have not been utilized.
	 
	12.	 	At the end of the work year, you shall be paid recuperation leave according to 12 days a
year. The tariff per each day’s recuperation shall be according to law, in the amount as
acceptable at the Company and as shall be updated from time to time.
	 
	13.	 	You shall be entitled to receive a full salary from the Company due to absence as a result of
military reserve duty (miluim) against provision of certification of the Israel Defense Force
Authorities regarding the length of the service. The National Insurance Institute payments
which shall be made for your military reserve duty shall belong to the Company.
	 
	E.	 	Comprehensive Insurance and Provident Fund (Kupat Gemmel) and/or Executive Insurance
Policy (Bituach Minhalim)
	 
	14.	 	Upon commencement of your work you are given the possibility of choosing between insurance
under a comprehensive insurance policy and a provident fund (kupat gemmel) and insurance under
an executive insurance policy (Bituach minhalim) and/or an integration thereof. The
rate of payments made by the Company and made by you from your Salary are detailed as below:
	 
	15.	 	Pension Fund: The Company shall make payments and deductions
for you to the                                                        pension fund (“the Fund”) according to
 that as specified below:

	 	15.1	 	6% of your Salary for severance pay compensation;
	 
	 	15.2	 	6% of your salary for pension recompense;
	 
	 	15.3	 	Similarly, the Company shall pay 2.33% of your Salary and shall transfer such to
“            ” Provident Fund for severance pay;
	 
	 	15.4	 	The Company shall deduct 5.5% from your Salary and shall transfer such to the
Fund.

 

 

	16.	 	Payments made by the Company as specified above shall be instead of the full severance pay
compensation, if such are owing to you, pursuant to Section 14 of the Severance Pay
Compensation Law, 5723 – 1963, and pursuant to the general confirmation of the Minister of
Labour and Welfare regarding employers’ payments to pension funds and insurance funds instead
of severance pay compensation, attached to this document as Appendix B.

and/or

	17.	 	‘Executive Insurance’ (Bituach minhalim): The Company shall make payments and
deductions for you to the executive insurance policy at the Clal Bit Insurance Company (“The
Policy”). The Policy shall be owned by the Company and shall be managed in your name, pursuant
to that stipulated below:

	 	17.1	 	8.33% of your Salary for severance pay compensation;
	 
	 	17.2	 	5% of your Salary for (insurance) recompense;
	 
	 	17.3	 	The Company shall deduct 5% of your Salary for (insurance) recompense and shall
forward them to the Policy.

	18.	 	The Company shall also make payments to secure monthly income in the event of the loss of the
ability to work, at the rate required to guarantee 75% of your Salary, or payments at the rate
of 2.5% of your Salary, according to the lower between them.
	 
	19.	 	The allocations made by the Company for the Policy shall be instead of the full severance pay
compensation, if such is owing, pursuant to Section 14 of the Severance Pay Compensation Law,
5723 – 1963 and pursuant to the general confirmation of the Minister of Labour and Welfare
regarding employer’s payments to a pension fund and an insurance fund instead of severance pay
compensation attached to this document as Appendix B.
	 
	20.	 	In order to alleviate any doubt it is hereby clarified that the Company waives its right to a
refund of monies paid to the pension fund and/or the provident fund and/or the Policy, unless
such right to severance pay compensation has been negated and disallowed following a court
judgement, and if such is disallowed, or if funds are withdrawn from the Policy due to an
occurrence

 

 

	 	 	which is not an “entitling event”. In this matter “entitling event” shall mean: death,
disability or retirement at the age of 60 years old or more.
	 
	21.	 	In order to alleviate any doubt it is emphasized that in any event the basic salary for
payments, allocations and deductions to the Pension Fund and/or the Provident Fund and/or the
Executive Insurance shall each, separately and/or jointly, in any form and manner whatsoever,
not exceed the rate of the Salary as defined above.
	 
	F.	 	Sabbatical Fund (Keren Hishtalmut)
	 
	22.	 	At the start of your work and subject to your presenting an appropriate certificate from the
human resources administration, you will join the Kinneret Sabbatical Fund (hereinafter: “the
Sabbatical Fund”). The Company shall make monthly allocations at the rate of 7.5% of your
Salary and shall deduct 2.5% from your Salary and shall transfer these sums to the Sabbatical
Fund.
	 
	23.	 	The amounts to be accumulated in the Sabbatical Fund will be made available to you according
to the regulations of the Sabbatical Fund and the tax regulations in force from time to time.
	 
	G.	 	Additional Benefits
	 
	24.	 	Company Car: During the period of your work for the Company a car shall be made
available for your use of the model and manufacture year at the discretion of the Company and
in accordance with its procedures (hereinafter: “the Car”). The Company shall bear reasonable
fuel costs for the Car. The value of the use of the Car, according to the income tax
regulations, as shall be in force from time to time, shall be debited against you and taxes
shall be deducted from your Salary as required by law. The making of the Car available for
your use, as stated, covers and substitutes payment of travel expenses under the general
expansion order in the economy.
	 
	25.	 	Cell Phone: The Company shall make a cell phone available to you of the model and
network at the discretion of the Company (hereinafter: “the Cell Phone”), and shall cover all
Cell Phone expenses. The Company shall deduct any tax and/or levy and/or any other payment
from your salary and

 

 

	 	 	transfer it to the competent authorities where it is obligated to make such deduction in
law for the Cell Phone.
	 
	26.	 	Annual Health Review – The employee shall be entitled to undergo an annual health
check at an institute to be determined by the Company.
	 
	27.	 	The Options Program: The Company (or the Parent company) shall act to adopt an
options program (or some other reward program), during January 2003. The Company shall grant
you options according to the policy of the Company (or the Parent company) as shall be
formulated from time to time vis-à-vis employees of your status. Every grant or benefit as
stated is subject to the exclusive discretion of the board of directors of the Company and
subject to its approval.
	 
	H.	 	The Work Term and Termination Thereof
	 
	28.	 	As has been stated above, the agreement of employment is for a non defined period of time.
Each party shall be entitled to terminate the agreement by prior written notice to the other
party of 90 (ninety) days. Should the termination of the agreement be as a result of the
change of control, as detailed in Section J of Appendix A, the terms of Section J of Appendix
A shall apply to the termination of the Agreement.
	 
	29.	 	During the prior notice period you must continue to carry out your work in a full and proper
manner and to transfer your position to your replacement as is necessary and as shall be
required.
	 
	30.	 	The Company may waive your actual work during the prior notice period, fully or partially,
consecutively or alternatively.
	 
	31.	 	The Company may immediately terminate the labour relations between the parties prior to the
end of the prior notice period, fully or partially, provided that you are given compensation
at the rate of your Salary (as defined above) for the period for which you have not been given
prior notice under this Agreement and you may keep the Car and the Cell Phone throughout the
prior notice period.
	 
	32.	 	Notwithstanding the above said the Company may dismiss you without providing prior notice,
under those circumstances where the Company is

 

 

	 	 	entitled to dismiss you, in law, without providing prior notice, including each one of the
following cases:

	 	32.1	 	Reasonable suspicion of the Company of a criminal offence having being
committed connected to your work in the Company and/or the committing of an offence
which contains an element of infamy.
	 
	 	32.2	 	The breach of your duty of trust towards the Company and/or committing an
action in conflict of interests.
	 
	 	32.3	 	The breach of your undertakings to maintain confidentiality, non competition,
non harming the reputation and intellectual property, as detailed in the Appendix of
this Agreement, which has not been amended within 10 (ten) days from the date at which
you have been given written notice.
	 
	 	32.4	 	Causing damage maliciously to the property of the Company or causing damage
to the Company’s property as a result of a grossly negligent act. In such a case you
also agree that the Company shall legally deduct amounts from your Salary to cover the
expenses and the costs of the damage, fully or partially.

	33.	 	Upon termination of employment, for any reason whatsoever, you must return any property,
asset, equipment, document and information you may hold and which has been given to you during
your work with the Company to the Company and you shall have no right of lien or stay or any
other right over such.
	 
	I	 	General
	 
	34.	 	Under Company policy, the terms of your employment, including the extent of your Salary and
ancillary benefits, are personal and privileged information and you are requested not to
disclose it to the other Company employees and/or to any third party unless you are required
to so in law. Nothing stipulated in this Agreement shall derogate from any right vested in you
in any law, extension order, collective agreement or employment agreement.
	 
	35.	 	The Appendices: “The Terms of Employment” and “The General Confirmation Pursuant to Section
14 of the Severance Pay Compensation

 

 

	 	 	Law” — are an integral part of this Agreement. By your signing on this Agreement you
confirm your consent of the stipulations of the Agreement and the appendices and that you
will act in accordance therewith.

The Management of the Company is pleased to have you join the staff and wishes you every success in

your position and we hope to see you integrate well into the work team.

Yours Faithfully,

(Signed)

Veraz Networks Ltd.

Human Resources

I hereby confirm my consent to everything stated in this Agreement and the appendices to it.

	 	 	 	 	 
	1/1/2003
	 	Israel Zohar
	 	/s/ Israel Zohar
	 
	 	 
	 	 
	Date
	 	Employee’s Name
	 	Employee’s Signature

	 	 	 
	Attachments:

	 	Appendix A – Terms of Employment
	 

	 	Appendix B –
General Confirmation Pursuant to Section 14 of the Severance Pay Compensation Law.
	 

	 	 

 

 

Appendix A – Terms of Employment

	A.	 	Preamble
	 
	1.	 	This Appendix constitutes an integral part of the personal agreement of employment
dated 1.1.2003 (hereinafter: “the Agreement”).
	 
	2.	 	The Agreement is written in the male person for the sake of convenience only and it
refers both to men and women as one.
	 
	B.	 	The Singularity of the Agreement
	 
	3.	 	This Agreement is a personal agreement and the terms and conditions of employment
for the Employee shall only be pursuant to that stated in this Agreement and the
Appendices thereto. No provisions of any collective agreement, collective arrangement
or custom of any sort whatsoever, if and when such should apply, shall apply to the
relations between the parties save for the provisions applicable in law.
	 
	4.	 	This Agreement expresses and exhausts all the understandings between the Employee
and the Company and all arrangements, representations, letters or understandings
during the negotiations for the Employee joining the Company, which have not been
explicitly expressed in this Agreement are void and shall be of no force.
	 
	C.	 	Absence of Limitations on the Employee’s Work
	 
	5.	 	The Employee declares, confirms and undertakes that he is entitled to enter into
this Agreement and to take upon himself all the undertakings and obligations under
the agreement, that there is no limitation, contractual or otherwise, for his
entering into this agreement and to be employed by the Company and that his entering
into this agreement is not in breach of any other agreement or undertaking to which
he is party or to which he was party.

 

 

	6.	 	The Employee hereby declares that he has no medical or other problems which are
likely to prevent him from fulfilling his undertakings to work for the Company. The
Employee shall notify the Company about any change which shall occur to his state of
health and which is relevant to his functioning.
	 
	D.	 	The Employee’s Position and Duty
	 
	7.	 	Throughout his period of employment with the Company the Employee will act towards
the Company honestly, faithfully, with expertise and trust. The Employee undertakes
to devote all his working ability and the best of his skills and expertise in order
to promote the business and affairs of the Company, to execute the policies of the
Company and the working arrangements, to faithfully and fully fulfill all other
decisions of the Company, the management and his superiors, both in Israel and
abroad, to comply with the Company’s procedures, as such stand from time to time, to
fulfill, at all times, all positions imposed upon him and to always act in trust
towards the Company, any corporation connected with it and any corporation or
individual which has business ties with the Company.
	 
	8.	 	The Employee shall, at all times, act in an appropriate fashion as is befitting his
position and status in the Company. Without derogating from the above said, the
Employee undertakes not to make use of the computer, internet or electronic mail for
inappropriate goals, including receiving and transferring pornographic material, or
any other material which is not connected to his work and which is likely to harm the
Company, other employees or any other third party whatsoever, and not to make use of
illegal software or any other external software.
	 
	9.	 	The Employee is aware of the provisions of the regulations for the prevention of
sexual harassment as exist in the Company and undertakes to view these regulations
which are located in the human resources department.

 

 

	10.	 	The Employee shall not work in any other work, whether with another employer or
independently, whether for wages or not, whether as a self employed person, salaried
person or consultant, and shall not take upon himself any position in any other party
whatsoever, including a public body, unless the Company has provided prior written
consent.
	 
	11.	 	The Employee undertakes to notify the Company, immediately and without delay, about
any matter or subject in which he has a personal interest and/or which is likely to
create a conflict of interest with his positions in the Company.
	 
	12.	 	The Employee undertakes to assist the Company and any corporation affiliated or
connected to the Company, and to be available to the Company, even after the
termination of the employment relations with the Company for any reason whatsoever
including for the purpose of providing any information relating to his employment or
his actions as undertaken by him and including in the management of disputes
including legal proceedings or quassi legal proceedings. Should the Company require
the services of the Employee after the termination of the employment relations with
him for any reason whatsoever, the Employee shall be refunded his expenses for the
fulfillment of the provisions of this section.
	 
	13.	 	Immediately upon the termination of his employment in the Company for any reason
whatsoever, the Employee shall deliver and/or return to the Company any documents,
notes, lists, formulae and any other material, disks or any other magnetic media and
shall carry out his leaving the Company in coordination with the people in charge of
him including the transfer of his position according to an organized timetable which
shall be determined by his superiors and he shall transfer his position in an
organized fashion in accordance with the Company procedures including the documents
and all matters he has handled to that party so ordered by the Company and all to the
satisfaction of the Company.

 

 

	14.	 	After the termination of the employment relations between the Employee and the
Company the Employee shall deliver to his new employer a notice regarding his duties,
obligations and rights under this Appendix. Likewise, the Employee hereby permits the
Company to deliver such notice, provided that there is a reasonable apprehension that
the Employee has breached any of his undertakings under this Appendix.
	 
	E.	 	Confidentiality
	 
	15.	 	The Employee declares that he is aware and that he agrees that during the course of
his employment and within the framework of the relations of trust he is exposed and
shall be exposed to professional – commercial information of great value in matters
relating to the business of the Company and its commercial ties and especially in
everything relating to the business of the Company in the following fields:
development, manufacture, marketing, sales and service of the products and
communication solutions including, inter alia, products of DCME and VOIP products
separately as well as integrated with SoftSwitch products. The products include
condensing and transfer of telephony signals (including, inter alia, speech, modem,
fax and video) and the conversion of the signals and the transfer thereof over TDM
networks or Packets networks (including, inter alia, ATM, IP and Ethernet).
(Hereinafter: “the Company’s Field of Business”). This information is the exclusive
property of the Company and its disclosure to any entity or the use thereof by the
Employee is likely to seriously harm and damage the Company.
	 
	16.	 	Therefore, the Employee declares and undertakes that as an employee of the Company
and even after the termination of his employment for any reason whatsoever he shall
maintain confidentiality and shall not disclose or deliver to any person or any body
whatsoever, save for employees of the Company within the framework of their work and
according to need, and he shall not publish in any form whatsoever and shall not make
use by

 

 

	 	 	himself or in favour of a third party, directly and/or indirectly, regardless of
whether the secrets, information and documents as detailed below, reached him as a
result of his employment in the Company, directly or indirectly:

	16.1	 	 	Commercial secrets and/or other secrets of the Company, information
directly or indirectly related to the property, business, affairs,
customers and suppliers of the Company and of the people and/or bodies
connected to the Company, including information in the field of business
of the Company, as defined above, and any information relating to and/or
connected to the aforesaid, including, but without derogating from the
generality of the above said, any information which reached and/or shall
reach the Employee and/or come to his attention, directly and/or
indirectly, during the course of his employment in the Company,
including information relating to customers of the Company and its
suppliers and/or its manufacturing setup and/or marketing setup of the
Company or confidential information of third parties which the Company
has received from the said third parties, or information relating to
ties of the Company and/or companies connected to it, controlling,
controlled by or affiliated with it, effectively and actually, with any
third parties whatsoever, including customers, suppliers, banking
institutions, government bodies, private entities, quassi public and
public bodies of any sort whatsoever and any other financial, business,
commercial information, financial statements and balance sheet prior to
the publication thereof, any inside information whatsoever which can
influence the value of the Company shares,

 

 

	 	 	 	formulae, data, programs, software, patents, processes,
inventions, discoveries, innovations, improvements, researches,
and any methods whatsoever, developments and scientific and
technical developments, economic, commercial or other
developments, and any information which the Company is likely to
engage in, provided that such is not in the public domain or
which has not come into the public domain following the breach
of any of the obligations and undertakings of the Employee
pursuant to this document or in law, regardless of whether the
aforementioned information and secrets reached the Employee due
to his employment in the Company or by any other means
(hereinafter: “the Secrets/Confidential Information”),
accordingly;
	 
	 	16.2	 	As well as any document, memorandum, note, report, summary, plans,
letters, drafts, documents of applications for patents, prototypes,
models, pictures, descriptions, sketches or other documents of the
Company including computer software and encrypted information and/or
confidential information in any media whatsoever regarding the above
detailed Confidential Information and Secrets, fully or partially,
whether made by the Employee or by anyone else (hereinafter: “the
Documents”).
	 
	 	16.3	 	The Employee undertakes not to make any use, including duplication,
manufacture, sale, transfer, copying and dissemination of the
Confidential Information and Secrets and Documents as defined above
which is not for the purposes of the success of the Company and shall
not undertake any other action which may harm the Company’s reputation.

 

 

	17.	 	The Employee confirms that all the Confidential Information and Secrets or Documents
as mentioned above are within the ambit of essential business information and the
property of the Company, that it is not in the public domain and that it cannot
easily be discovered by others and that the confidentiality thereof grants a business
advantage to the Company over its competitors and the Company takes all reasonable
measures to maintain the confidentiality thereof.
	 
	18.	 	The abovementioned undertakings shall not apply to the delivery of information with
the consent of the board of directors or with the consent of anyone authorized by the
board of directors to approve the transfer of the said information and the delivery
of the information to those authorities where the disclosure thereof is required
under any law.
	 
	G.	 	Restriction of Competition and Non Solicitation
	 
	19.	 	Likewise, for so long as the employment relations between the Company and the
Employee continue, the Employee undertakes not to compete with the Company and/or
with a company under its control and/or with any enterprises and/or activities
whatsoever in which the Company is involved, directly or indirectly, whether by
himself or through anyone on his behalf, whether as an employee, consultant, partner,
contractor, distributor, shareholder and/or in any other service whatsoever, whether
at his initiative or at the initiative of another person, and whether by any other
means whatsoever, including the Employee undertaking not to solicit, not to contract
and not to employ, whether directly or indirectly, whether at his initiative or at
the initiative of any other person whatsoever, with any employees of the Company,
past employees, customers, past customers, suppliers and past suppliers of the
Company and/or agents with whom the Company has conducted negotiations for the
creating of a contract at the termination date of his employment with the Company or
beforehand, whether in Israel or countries in which the Company is active, in order
to

 

 

	 	 	leave the Company and/or to compete with the Company, directly and/or indirectly
and/or which is not for the purpose of carrying out his position under this
contract without receiving the prior written consent of the Company.
	 
	20.	 	Further to that stipulated in Section 19 above, the Employee undertakes, that so
long as the employment relations between the Company and the Employee prevails, he
will not solicit or attempt to solicit, whether directly or indirectly, an employee,
consultant, or service provider of the Company to terminate their relations with the
Company with the aim of granting their services to the Employee for that other party.
	 
	21.	 	In light of the special status of the Employee in the Company and in light of his
expertise, knowledge, ties and special experience in the field of the Company’s
operations, the limitations and restrictions in Sections 19 and 20 above shall also
apply to the Employee for twelve (12) months after the termination of the employment
relations between the Employee and the Company even if his employment has terminated
at the initiative of the Company.
	 
	G.	 	Intellectual Property Rights, Copyrights and Patents
	 
	22.	 	The copyright on any invention and/or patent and/or commercial secret and/or
professional secret and/or innovation whatsoever invented by the Employee and any of
the employees of the Company subordinate to him during the duration of his employment
at the Company and/or following his employment at the Company is the exclusive
intellectual property right of the Company and the Employee hereby assigns any matter
he might have in that invention and/or patent and/or commercial secret and/or
professional secret and/or innovation whatsoever, in favour of the Company and waives
any right in the said intellectual property right, without any further consideration
provided that he will not be required to incur any expenses whatsoever involved

 

 

	 	 	with the said assignment. The Company may defend any invention and/or patent
and/or commercial secret and/or professional secret and/or innovation whatsoever
as stated above by means of registration and/or any other means whatsoever,
whether in Israel or anywhere else in the world.
	 
	23.	 	The Employee undertakes that whenever he is required to do so, including after the
termination of his employment for any reason whatsoever, he will sign on any document
which at the discretion of the Company is required in order to submit an application
for patents or copyrights under Israeli law and/or under the law of any other foreign
country in order to protect the matters of the Company in the invention and/or patent
and/or commercial secret and/or professional secret and/or any innovation whatsoever
as stated above. In the case where the Company cannot, for any reason whatsoever,
after reasonable attempts, receive the signature of the Employee in connection with
the said actions as stated in Section 22 above and in this Section, the Employee
hereby empowers and authorizes the Company and the office bearers of the Company as
his attorneys to sign and act in his name on the documents required in order to
execute the actions as described in Section 22 above and in this section.
	 
	24.	 	The Employee undertakes to record notes, pursuant to the Company procedures, of any
invention and/or patent and/or commercial secret developed by him and to notify the
Company in writing about any invention and/or patent and/or commercial secret and/or
any innovation whatsoever invented and/or to be invented by the Company employees
subordinate to the Employee, immediately upon such discovery.
	 
	25.	 	The Employee declares that apart from that stipulated in Appendix A attached hereto,
he holds no ownership in any matter in a patent and/or patent application whatsoever
and/or in the research activities at the stage of the submitting of the registration
of the patent nor any material under copyright.

 

 

	26.	 	The obligations of the Employee under this chapter shall remain in force also after
the termination of his employment with the Company and/or those substituting him also
with respect of inventions made by him during the period of his employment or as a
result of his employment with the Company.
	 
	27.	 	That stated in this Section shall also apply to inventions which the Employee
discovers, develops or invents after the relations between him and the Company have
terminated for any reason whatsoever, if the Employee makes use of and is assisted by
Confidential Information or material reaching him or his knowledge within the
framework of his employment in the Company.
	 
	28.	 	In order to alleviate any doubt it is hereby clarified that the Employee shall not
be entitled to make use, and the Employee undertakes that he shall not make use,
during his employment, of any intellectual property right or classified information
of any third party whatsoever (if any) unless such use is legal.
	 
	29.	 	The provisions of this Section shall also bind anyone coming instead of the
Employee, his estate, his heirs, his successors and family members.
	 
	30.	 	Prohibition of using the Company’s name: The Employee undertakes that he
will not make any use of the Company name or any other name contained in the name in
connection with products and/or services and/or the promoting of products on his
behalf and/or any other use thereof, whether directly or indirectly, save for
mentioning the mere fact that he was employed by the Company, whether by himself or
through others, both during the period of his employment in the Company for purposes
which are not for his work purposes and after the termination of his employment with
the Company, unless this has been expressly permitted to him in writing by the
Company.

 

 

	H.	 	The Employee Declares and Confirms That:
	 
	31.	 	His undertaking to maintain confidentiality, restriction of competition, non harming
of the reputation and intellectual property rights under this document shall:

	 	31.1	 	Apply towards the Company and towards the related
companies, subsidiary companies, connected companies and the parent
company of the Company, accordingly;
	 
	 	31.2	 	Is a result of the status of the Employee and considering
his position and everything implied by such, his terms of employment
under this agreement have been determined, inter alia, in reliance
on his undertakings;
	 
	 	31.3	 	It is fair, in reasonable and good measure, also in light
of the special consideration he received within the framework of the
contract of employment with the Company and is intended, first and
foremost, to protect the confidentiality of the Company and its
Confidential Information which is the essence of its business and
commercial advantage, that is to say the protection of the Company
and that great capital has been invested in this.
	 
	 	31.4	 	That it is not in conflict with previous undertakings of
the Employee and the Employee shall not enter into any conflicting
undertakings in the future conflicting with his undertakings under
this agreement.

	32.	 	The breach of any of the undertakings under this Appendix shall be in conflict with
the relations of trust and a special trust between the parties as an Employee and
Employer, proper trade practices and the duty of good faith and fairness between the
parties, it shall harm the business of the Company and shall constitute a fundamental
breach of this contract and of the commercial secrets,

 

 

	 	 	confidential ties, Confidential Information and Protected Confidential Interests
of the Company.
	 
	33.	 	The Employee received special and separate consideration for his undertakings under
this Appendix which are in good and reasonable measure and do not prevent the
Employee from developing his general knowledge and professional talents in the field
of his employment in respect of anyone who is not a customer and employee of the
Company and without stealing the Commercial Secrets.
	 
	I.	 	Relief
	 
	34.	 	In any event of the breach of the confidentiality sections and/or the restriction of
competition sections and/or the intellectual property right sections as stated above,
the Company shall be entitled, further to any other remedy or relief in law, or under
this Contract, to the following:

	 	34.1	 	To receive from the Employee the full Consideration and/or
the full benefits he benefited from the breach;
	 
	 	34.2	 	To receive from the Employee the full special Consideration
for his undertakings to refrain from competing, as specified in the
Agreement, paid to him during the course of his employment under
this contract, plus legal linkage and interest differences;
	 
	 	34.3	 	To receive compensation from the Employee for any damages
and/or expenses incurred by the Company as a result of the breach,
including legal expenses and attorneys fees plus Value Added Tax as
required by law.
	 
	 	34.4	 	To setoff these amounts from any amount owing by the
Company to the Employee.
	 
	 	34.5	 	And also to receive any legal measure of a mandatory order,
injunction order, provisionary,

 

 

	 	 	 	temporary or permanent measure to prevent the breach and/or the
removal thereof, and the Employee declares and agrees in advance
to provide such action against him, as it is fair, just and in
reasonable and good measure according to the matter.

	 	J.	 	The Provisions which shall apply upon termination of the employment in the
event of a change of control -

Change of Control Termination

Change of Control Definition

	35.	 	For purposes of the Agreement and this Appendix Change of Control means the occurrence of
any of the following:(I) a sale lease, or other disposition of all or substantially all of
the assets of the Company or of Veraz Networks, Inc. (the ''Parent company”); (II) a merger or
consolidation in which the Company or of the Parent Company is not the surviving corporation;
(iii) a reverse merger Involving the Company or of the parent Company in which the Company or
of the Parent Company is the surviving corporation but the shares of
common stock of the

Company or of the Parent Company (the “common stock”)
outstanding immediately
preceding the merge are converted by virtue of the merger into other property. whether In
the form of securities, cash or otherwise; (iv) an acquisition by any person, entity or
group within the meaning of Section 13(d) or 14(d) of the Securities Exchange Act, 1934 of
US (the “Exchange Act”) or any comparable successor provisions (excluding any employee
benefit plan, or related trust, sponsored or maintained by the Company or an affiliate of
the Company) of the beneficial ownership (within the meaning of Rule 13d-3 promulgated
under the Exchange Act, or comparable successor rules) of securities of the Company or of
the Parent Company representing at least fifty percent (50%) of the combined voting power
entitled to vote in The election of directors; or, (v) in the event that the individuals
who, as of the effective date of such transaction. are members of the Board of the Parent
Company (the “Incumbent

 

 

	 	 	Board”), cease for any reason to constitute at least fifty percent (SO%) of the Parent
Company’s Board of Directors (If the election, or nomination for election by the Parent
Company’s shareholders, of any new member of the Company’s Board of Directors is approved
by a vote of at least fifty percent (50%) of the Incumbent Board, such new member of the
Board of Directors shall be considered as a member of the Incumbent Board.) Notwithstanding
the foregoing, for the purposes of the Agreement and this Appendix and with respect to any
and all clauses of this Section of this Appendix, an initial public offering of the
securities of the Parent Company (an “IPO”) or any transactions or events constituting part
or an IPO shall not be deemed to constitute or in any way effect a Change of Control.
	 
	36.	 	In the event employee’s employment with the Company is involuntarily terminated
without Cause (“Cause” shall mean the occurrence or any of the events specified In
Section 32 of the Agreement) by the Company or its successor, or the employee resigns
for Good Reason (as defined below), and such termination or resignation occurs within
eighteen (18) months following a Change of Control, the employee shall be entitled
to: (a) the Company shall pay to the employee severance in an aggregate amount equal
to six (6) months of the employee’s then current base salary, subject to withholdings
and deductions, such sum payable in monthly installments In accordance with the
Company’s standard payroll practices; (b) health, dental and vision benefits for a
period of six (6) months commencing on the date of termination and at the same
coverage terms as provided to the employee at the date of termination and (c) the
immediate acceleration of vesting on all stock, stock options and other stock awards
held by the employee in an amount of shares equal to 100% of the then unvested
 shares, provided that in no event will such acceleration result in employee having
unvested shares in an amount less than the amount that would vest over the 12 month
period following such termination. Employee’s receipt of the severance payment and

 

 

	 	 	vesting acceleration provided in this section shall be conditioned on employee’s
full compliance with release requirements as shall be determined by the Company at
such time. Notwithstanding anything contained in this Appendix to the contrary, if
employee receives the benefits pursuant to this Section, he shall not entitled to
any other benefits under the Agreement. “Good Reason” shall mean any one of the
following events which occurs on or after the commencement of employee’s
employment without employee’s consent: (I) any reduction of employee’s then
current annual base salary; (ii) any material diminution of the employee’s duties,
responsibilities or authority to a level below that of an officer of the Company.
excluding for this purpose (1) an isolated or inadvertent action not taken In bad
faith which is remedied by the Company immediately after notice thereof is given
by the employee, and (2) any change in employee’s title, duties, responsibilities
or authority if employee Is given or retains other officer level duties within the
Company; or (iii) any requirement that the employee relocate to a work site more
than twenty five (25) miles from the Company’s current location.
	 
	K.	 	General
	 
	37.	 	If, for any reason whatsoever, any of the terms of this Agreement are determined as
being invalid or unenforceable, the validity and enforceability of the other
provisions of this agreement shall not be harmed.
	 
	38.	 	The Employee shall bear all expenses arising from the rights and benefits he
received under this agreement. It is hereby clarified that all the amounts as
stipulated in the employment agreement are gross amounts and any legal tax and any
other obligatory payment, including health insurance and national insurance payments,
shall be deducted from these amounts and from any other rights and benefits the
Employee receives in the future under this agreement.

 

 

	39.	 	Any change to the provisions of this agreement and the appendices thereto shall only
be done in writing and signed by the parties.
	 
	40.	 	Any notice sent by registered mail by one party to the other party shall be
considered as if received by the other party three business days after having being
sent, and if sent by hand or by electronic mail, upon delivery thereof.
	 
	41.	 	The Employee shall not be entitled to transfer, assign, endorse or deliver to
others, directly or indirectly, his rights and obligations under this agreement of
employment, without receiving the prior written consent of the Company.
	 
	42.	 	The Company may transfer, assign or may endorse the rights and obligations of the
Employee, fully or partially, to another, at its discretion provided that the rights
of the Employee are maintained.
	 
	43.	 	The Israeli law alone shall apply to the agreement of employment and the labour
(employment) relations, including that as stipulated in Section J and the place of
jurisdiction shall be the competent judicial instance in Israel.
	 
	44.	 	The addresses of the parties are as detailed in the preamble to the Personal
Agreement of Employment.

Confirmation of the Employee

I hereby confirm that I have been given the opportunity to consult with an attorney on my
behalf, I have thoroughly read this agreement and the appendices to this agreement, I have
understood the contents, significance and meaning thereof in full, and I agree to everything stated
thereof and undertake to fulfil all my obligations thereunder in full.

 

 

VERAZ

Networks

Appendix B

General Confirmation Regarding Payments of Employers to a Pension Fund and Insurance Fund

Instead of Severance Pay Compensation

Pursuant to the Severance Pay Compensation Law, 5723 – 1963

Pursuant to the powers under Section 14 of the Severance Pay Compensation Law, 5723 – 1963
(hereinafter: “the Law”), I confirm that payments paid by an employer commencing from the
publication date of this confirmation, for that employer’s employees for a comprehensive pension in
a provident pension fund which is not an insurance fund as defined in the Income Tax Regulations
(Rules for Confirmation and Management of Provident Funds), 5724 – 1964 (hereinafter: “the Pension
Fund”) or into an executive insurance fund (Bituach Minhalim) including the possibilities for
pensions or an integration of payments into a pension fund and into a program which is not a
pension fund in the said insurance fund (hereinafter: “the Insurance Fund”) including payments paid
by integrating the payments of the Pension Fund and the Insurance Fund, whether the Insurance Fund
has a pension program or not (hereinafter: “the Employer’s Payments”), shall replace severance pay
compensation owing to the said employee for the salary from which the said payments were made and
for the period that the said payments were made (hereinafter: “the Salary and Dismissal”), provided
that each of the following prevails:

	1)	 	Payments of the Employer.

	 	(a)	 	The Pension Fund is not less than
141/3% of the Salary and Dismissal or 12% of
the Salary and Dismissal if the Employer also pays, in addition to
such, for payments for his employee in order to complete the
severance pay compensation provident fund or into an Insurance Fund
or in the name of the Employee at the rate of
21/3% of the Salary and Dismissal. Where the
Employer has not paid the said

 

 

VERAZ

Networks

	 	 	 	21/3 % in addition to the 12%, as stated,
the payments shall replace 72% of the severance pay compensation
of the Employee, only;
	 
	 	(b)	 	The Insurance Fund is not less than one of the following:

	 	(1)	 	13 1/3 %
of the Salary and Dismissal if the Employer also
pays for his Employee payments for the securing of
monthly income in the case of loss of work ability
into a program which has been approved by the
Market Capital, Insurance and Savings Commissioner
at the Ministry of Finance at the required rate
for the said securing of 75% of the Salary and
Dismissal at least, or at a rate of 2 1/2% of the
Salary and Dismissal according to the lower of the
two. (Hereinafter: “the Payment for Insurance of
Loss of Ability to Work”);
	 
	 	(2)	 	11% of the Salary and Dismissal
if the Employer has also paid payments for
Insurance for the Loss of Ability to Work and in
such a case the insurance payments made by the
employer shall replace 72% of the severance pay
compensation of the employee only; where the
employer has paid in addition to all of this also
payments to complete the severance pay
compensation into the severance pay compensation
provident fund or into the Insurance Fund in the
name of the

 

 

VERAZ

Networks

	 	 	 	employee at the rate of 2
1/3 % of the Salary and
Dismissal, the payments of the employer shall
be instead of 100% of the severance pay
compensation of the employee.
	 
	 	(2)	 	No later than three months from
the commencement of the execution of the payments
by the employer a written contract shall be made
up between the employer and the employee
containing the following:

	 	(a)	 	A
consent of the employee to the
arrangement under this
confirmation in the wording
specifying the payments of the
employer and the pension fund and
the insurance fund, respectively.
The said contract shall also
include the wording of this
confirmation;
	 
	 	(b)	 	The
prior waiver of the employer on
the rights that it may have for a
refund of funds made from its
payments, unless the rights of the
employee to severance pay
compensation has been negated in a

 

 

VERAZ

Networks

	 	 	 	judgment pursuant to sections
16 or 17 of the Law and
provided that such rights has
been negated or that the
employee has withdrawn the
funds from the pension fund or
from the insurance fund
following an occurrence which
does not entitle him to do so;
in this matter: “an event
which entitles” – death,
disability or retirement at
the age of 60 or more.

	 	(3)	 	This confirmation shall not
derogate from the right of an employee to
severance pay compensation under law and under a
collective agreement, expansion order or contract
of employment, for a salary above and beyond the
Salary and Dismissal.

15th of Sivan, 5758
(9th of June 1998)

Eliyahu Yishai

Minister of Labour and Welfare

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}]]