Document:

Amendment to Regular Equity Award Deferred Stock Award Agreement

 Exhibit 10.138 

EXECUTION COPY 
 

 
 April 29, 2008 

Cynthia L. Shereda 
 Comverse Technology, Inc.

 810 Seventh Avenue 
 35th Floor

 New York, NY 10019 

Re: Amendment to the regular Deferred Stock Unit Award Agreement (the “Deferred Stock Award Agreement”) dated as of
October 15, 2007 between Comverse Technology, Inc. (the “Company”) and Cynthia Shereda 
 Dear Cynthia: 

Pursuant to the terms of the Deferred Stock Award Agreement, the Company is required to deliver to you on each Vesting Date (as defined
in the Deferred Stock Award Agreement) the number of shares of Company common stock equal to the aggregate number of Granted Units (as defined in the Deferred Stock Award Agreement) that vest as of such date (i.e., 8,333 shares of Company common
stock). The Compensation Committee of the Company’s Board of Directors has determined that it would be beneficial to amend your Deferred Stock Award Agreement to provide greater flexibility as to the timing of the delivery of the 8,333 shares
of Company common stock which may vest on October 15, 2008 in order to alleviate the possibility of the vested Company common stock being required to be delivered to you (and taxable to you) when the Company common stock is not subject to an
effective registration statement and/or other restrictions on the resale of such stock. Accordingly, upon your execution of this letter amendment below and delivery to the Company by May 8, 2008, the Deferred Stock Award Agreement is hereby
amended by adding the following as the last sentence of Section 4(a): 
 “Notwithstanding anything to the contrary contained in this
Section 4(a), and subject to Section 4(b), the number of shares of Common Stock deliverable to the Grantee in respect of any Granted Units which vest in calendar year 2008 shall be deliverable to the Grantee on the first date within the
“short-term deferral period” (as defined in Treasury Reg. §1.409A-l(b)(4)) on which there is an Effective Registration (as defined below) in place, but in no event later than March 15, 2009; provided, however, that
in the event of the Grantee’s Service Termination in accordance with Section 3(b) prior to March 15, 2009 and there is no Effective Registration in place, the number of shares of Common Stock in respect of any Granted Units which are
vested as of the Termination Date shall be delivered to the Grantee on the Termination Date, less a number of shares of Common Stock with an aggregate value sufficient to cover any applicable Withholding Tax, with the shares of Common Stock valued
using the closing price of the Common Stock on the Termination Date. For purposes of this Section 4, “Effective Registration” shall mean 

 
the registration of the shares of Common Stock granted to the Grantee hereunder pursuant to an effective registration statement on Form S-8 or any successor form under the Securities Act of 1933,
as amended, and no restrictions under applicable law apply to the resale of such shares of Common Stock at the time of delivery of such shares of Common Stock.” 

Except as expressly herein amended, the terms and conditions of the Deferred Stock Award Agreement shall remain in full force and effect.

  

			
	COMVERSE TECHNOLOGY, INC.
		
	By:	 	 /s/ Andre Dahan

	Name:	 	Andre Dahan
	Title:	 	President and Chief Executive Officer

 

	
	Accepted and Agreed as of April 29, 2008:
	
	 /s/ Cynthia L. Shereda

	Cynthia L. Shereda

  

 2Second Amendment to Regular Equity Award Deferred Stock Award Agreement

 Exhibit 10.139 
 

 
 December 3, 2008 

Cynthia Shereda 
 Comverse Technology, Inc.

 810 Seventh Avenue 
 35th Floor

 New York, NY 10019 

Re: Second Amendment to the regular Deferred Stock Unit Award Agreement (the “Deferred Stock Award Agreement”) dated as of
October 15, 2007 between Comverse Technology, Inc. (the “Company”) and Cynthia Shereda 
 Dear Cynthia: 

Pursuant to the terms of the Deferred Stock Award Agreement, the Company was required to deliver to you on October 15, 2008 and is
required to deliver to you on October 15, 2009 the number of shares of Company common stock equal to the aggregate number of Granted Units (as defined in the Deferred Stock Award Agreement) that vest as of each date (i.e., 8,333 shares of
Company common stock). The Compensation Committee of the Company’s Board of Directors has determined that it would be beneficial to amend your Deferred Stock Award Agreement to provide greater flexibility as to the timing of the delivery of the
8,333 shares of Company common stock which vested on October 15, 2008 and which will vest on October 15, 2009 in order to alleviate the possibility of the vested Company common stock being required to be delivered to you (and taxable to
you) when the Company common stock is not subject to an effective registration statement and/or other restrictions on the resale of such stock. Accordingly, upon your execution of this letter amendment below and delivery to the Company by
December 23, 2008, the Deferred Stock Award Agreement is hereby amended by adding the following as the last sentence of Section 4(a): 

“Notwithstanding anything to the contrary contained in this Section 4(a), and subject to Section 4(b), the number of shares of Common
Stock deliverable to the Grantee in respect of any Granted Units which vest in calendar years 2008 and 2009 shall be deliverable to the Grantee on the first date within calendar year 2010 on which there is an Effective Registration (as defined
below) in place, but in no event later than December 31, 2010; provided, however, that (i) in the event of the Grantee’s Service Termination in accordance with Section 3(b) prior to December 31, 2010 and there
is no Effective 

 
Registration in place or (ii) in the event that any shares are deliverable to the Grantee in respect of Granted Units when there is no effective registration statement on Form S-8 or any
successor form under the Securities Act of 1933, as amended, in respect of the Granted Units, unless the Grantee elects otherwise subject to Section 4(b), the number of shares of Common Stock in respect of any Granted Units which are vested as
of the Termination Date or Vesting Date, as applicable, shall be delivered to the Grantee on the Termination Date or Vesting Date, as applicable, less a number of shares of Common Stock with an aggregate value sufficient to cover any applicable
Withholding Tax, with the shares of Common Stock valued using the closing price of the Common Stock on the Termination Date or Vesting Date, as applicable. For purposes of this Section 4, “Effective Registration” shall mean the
registration of the shares of Common Stock granted to the Grantee hereunder pursuant to an effective registration statement on Form S-8 or any successor form under the Securities Act of 1933, as amended, and no restrictions under applicable law
apply to the resale of such shares of Common Stock at the time of delivery of such shares of Common Stock.” 
 This letter
amendment constitutes the complete, final and exclusive embodiment of the entire agreement between you and the Company with regard to the subject matter herein and supersedes any other promises, warranties, representations or amendments related to
the subject matter herein, including, without limitation the letter amendment to the initial Deferred Stock Unit Award Agreement dated as of October 15, 2007 between Comverse Technology, Inc. and Cynthia Shereda, dated as of April 29, 2008

 Except as expressly herein amended, the terms and conditions of the Deferred Stock Award Agreement shall remain in full force
and effect. 
  

			
	COMVERSE TECHNOLOGY, INC.
		
	By:	 	 /s/ Lance Miyamoto

	Name:	 	Lance Miyamoto
	Title:	 	Executive Vice President, Global Head of Human Resources

 

	
	Accepted and Agreed as of December 3, 2008:
	
	 /s/ Cynthia Shereda

	Cynthia Shereda

  

 2Amendment to Make-Whole Award Deferred Stock Award Agreement

 Exhibit 10.141 

EXECUTION COPY 
 

 
 April 29, 2008 

Cynthia L. Shereda 
 Comverse Technology, Inc.

 810 Seventh Avenue 
 35th Floor

 New York, NY 10019 

Re: Amendment to the make-whole Deferred Stock Unit Award Agreement (the “Deferred Stock Award Agreement”) dated as
of October 15, 2007 between Comverse Technology, Inc. (the “Company”) and Cynthia Shereda 
 Dear Cynthia: 

The Compensation Committee of the Company’s Board of Directors has authorized two amendments to the terms of the Deferred Stock Award
Agreement. Upon your execution of this letter amendment below, the Deferred Stock Award Agreement is hereby amended as provided below: 

1. Section 3(c) of the Deferred Stock Award Agreement is deleted in its entirety and replaced with the following new
Section 3(c) which shall read as follows: 
 “(c) Certain Terminations. In the event of Service Termination by the Company or
an Affiliate without Cause or by the Grantee for Good Reason or resulting from the Grantee’s Disability or death, the Granted Units shall vest on the Termination Date and the shares of Common Stock to be issued under the vested Granted Units in
accordance with Section 4 hereof shall be delivered to the Grantee on the applicable Vesting Date.” 
 2.
Section 4(a) of the Deferred Stock Award Agreement is amended by adding the following as the last sentence of Section 4(a): 

“Notwithstanding anything to the contrary contained in this Section 4(a), and subject to Section 4(b), the number of shares of Common
Stock deliverable to the Grantee in respect of any Granted Units which vest in calendar year 2008 shall be deliverable to the Grantee on the first date within the “short-term deferral period” (as defined in Treasury Reg.
§l.409A-l(b)(4)) on which there is an Effective Registration (as defined below) in place, but in no event later than March 15, 2009; provided, however, that in the event of the Grantee’s Service Termination in accordance
with Section 3(b) prior to March 15, 2009 and there is no Effective Registration in place, the number of shares of Common Stock in respect of any Granted Units which are vested as of the Termination Date shall be delivered to the Grantee
on the Termination Date, less a number of shares of Common Stock with an aggregate value sufficient to cover any applicable Withholding Tax, with the shares of Common Stock valued using the closing price of the Common Stock on the 

 
Termination Date. For purposes of this Section 4, “Effective Registration” shall mean the registration of the shares of Common Stock granted to the Grantee hereunder pursuant to an
effective registration statement on Form S-8 or any successor form under the Securities Act of 1933, as amended, and no restrictions under applicable law apply to the resale of such shares of Common Stock at the time of delivery of such shares of
Common Stock.” 
 Except as expressly herein amended, the terms and conditions of the Deferred Stock Award Agreement shall
remain in full force and effect. 
  

			
	COMVERSE TECHNOLOGY, INC.
		
	By:	 	 /s/ Andre Dahan

	Name:	 	Andre Dahan
	Title:	 	President and Chief Executive Officer

  

	
	Accepted and Agreed as of April 29, 2008:
	
	 /s/ Cynthia L. Shereda

	Cynthia L. Shereda

  

 2

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