Document:

Exhibit 10.4

Exhibit
10.4

[English
Translation — Original in Hebrew]

The State of Israel

Ministry of Industry, Trade and Employment

Industrial Research & Development Administration

Office of the Chief Scientist

27 July 2006

To:

Mr. Igal Nissim, VP Finance

Verint Systems Ltd.

33 Maskit St.

Herzliya 46733

Dear Sir,

Re:
    Arrangement for Payment of Royalties — Committee Decision

           Our Ref.: Your application of 23 April 2006

The Royalty Payment Regulation Committee as per its meeting on 23 July 2006 decided to accept your
application to arrange payment of royalties.

The Committee capitalized your Company’s future royalty obligations to the Tmura Fund and resolved
that they amount to $ 25,828,017 million.

I would ask you to give notice in writing as to whether you wish to enter into this arrangement, no
later than 17 August 2006. If we do not receive your response by the above date, we shall deem
such to be rejection of the arrangement.

Payment of the sum determined by the Committee shall be effected by a single deposit into the Tmura
Fund’s bank account at the Postal Bank.

For your information, the Company’s debt shall be converted into New Israeli Shekels based on the
exchange rate of the (US) Dollar on the date of your notice of acceptance of the arrangement, and
shall bear interest and linkage differentials from such date until the date of full actual payment.

	 	 	 
	 

	 	Sincerely,
	 

	 	/s/ Ran Kiviti
	 

	 	Ran Kiviti
	 

	 	Director, Tmura Fund

	 	 	 
	cc.

	 	Members of the Committee
	 

	 	Adv. Avi Feldman, General Counsel

5
Bank of Israel St., Kiryat Hamemshala, Jerusalem Tel 02-6662454 Fax
02-6662925Exhibit 10.5

Exhibit
10.5

[English
Translation — Original in Hebrew]

[Verint
Letterhead]

31 July 2006

To,

Industrial Research & Development Administration

The Office of the Chief Scientist

Ministry of Industry and Trade

POB 2197

Jerusalem

Dear Sir,

Re:    
Deed of Undertaking — Arrangement for the Payment of Royalties

	1.	 	 We hereby inform you that we approve the arrangement for payment of royalties prescribed by
the Royalties Regulation Committee under the Encouragement of Industrial Research and
Development (Rate of Royalties and Rules for Payment) Regulations, 5756-1996 (hereinafter: the
“Regulations”). Under this Arrangement, Verint Systems Ltd. (the “Company”) shall pay the sum
of USD 25,828,017 in New Israeli Shekels according to the official exchange rate of today,
July 31 2006.

	 
	2.	 	We declare and undertake to fulfill all of the provisions of the Industrial Research and
Development Law 5744-1984 (hereinafter: the “Law”), and the provisions of the Regulations,
including the provisions regarding the transfer of know-how and manufacturing outside of the
State of Israel, as set forth in Section 19A and 19B of the Law. We acknowledge that according
to these provisions there may be situations whereby we may be subject to “Additional
Royalties” as set forth in the Regulations.

	 
	3.	 	We undertake to pay the royalties prescribed to us, on time.

	 
	4.	 	It is clear to us that this arrangement applies to grants given to the Company prior to the
date of submission of the application for an arrangement for the payment of royalties. In the
event that we are given additional grants under the Law in the future, the rules set out in
the Law regarding such shall apply, including the duty to pay royalties on such.

	 
	5.	 	Notwithstanding the provisions of paragraph 4 above, with regard to grants given to our
Company as per the directive from the Director General of the Ministry of Industry and Trade,
entitled “Support of Long-Term R&D of Companies with Large R&D Investments”, the specific
rules applying to that track shall apply.

	 	 	 
	 

	 	Sincerely,
	 
	 	 
	 

	 	Verint Systems Ltd.Exhibit 10.8

Exhibit
10.8

AMENDMENT NO. 1

TO THE

VERINT SYSTEMS INC.

STOCK INCENTIVE COMPENSATION PLAN

THIS AMENDMENT NO. 1 TO THE VERINT SYSTEMS INC. STOCK INCENTIVE COMPENSATION PLAN is made
effective as of the 23rd day of December 2008 (the “Amendment”), 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 Verint Systems Inc. Stock Incentive Compensation Plan, originally
adopted September 10, 1996 and most recently amended on December 12, 2002 (as amended, 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 7B of the Plan is replaced in its entirety with the following:
	 
	 	 	The initial per share option price of any Option which is not an incentive stock option
shall not be less than the Fair Market Value of a share of the Common Stock on the date of
grant.
	 
	2.	 	Section 7E of the Plan is hereby amended by replacing the following words in clause (ii)
thereof “the average of the bid and asked prices on such exchange at the close of trading on
such date” with the following words “the closing sale price on the immediately preceding
trading date”.
	 
	3.	 	Section 8C of the Plan is replaced in its entirety with the following:
	 
	 	 	Amounts equal to any dividends declared during the Deferral Period with respect to the
number of shares covered by a Deferred Stock Award will be paid at the same time as the
underlying Deferred Stock Award.
	 
	4.	 	The last sentence of Section 8E is replaced in its entirety with the following:
	 
	 	 	The Committee may, in its sole discretion, accelerate the delivery of all or any part of a
Deferred Stock Award or waive the deferral or other limitations or restrictions for all or
any part of a Deferred Stock Award; provided, however, if the Deferred Stock Award is
subject to prior distribution elections, such Deferred Stock Award will be paid in
accordance with such distribution election in compliance with Section 409A.

 

 

 

	5.	 	A new sentence is added to the end of Section 13B as follows:
	 
	 	 	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
Change in Control and such Change in Control is not described by Section 409A(a)(2)(A)(v) of
the Code, then any resulting payment permitted by Section 13 that would be considered
deferred compensation under Section 409A of the Code 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.
	 
	6.	 	A new Section 21 is added to the Plan:

	 	21.	 	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.

 

- 2 -Exhibit 10.9

Exhibit 10.9

AMENDMENT NO. 2

TO THE

VERINT SYSTEMS INC.

STOCK INCENTIVE COMPENSATION PLAN

THIS AMENDMENT NO. 2 TO THE VERINT SYSTEMS INC. STOCK INCENTIVE COMPENSATION PLAN is made
effective on the 4th day of March 2009 (the “Amendment”), by Verint Systems Inc., a
Delaware corporation (the “Company”).

WHEREAS, the Stock Option Committee of the Board of Directors of the Company has determined
that it is in the best interest of the Company to amend the Verint Systems Inc. Stock Incentive
Compensation Plan, originally adopted September 10, 1996, and most recently amended on December 12,
2002 and December 23, 2008 (as amended, the “Plan”) to provide for the award of restricted stock
units;

WHEREAS, the Stock Option Committee of 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. A new Section 9A is added to the Plan:

9A. Restricted Stock Units.

An Award of Restricted Stock Units is a grant by the Company of a specified number of units
which may be settled for shares of Common Stock, which units are subject to vesting. Such an Award
shall be subject to the following terms and conditions:

A. Restricted Stock Units shall be evidenced by Restricted Stock Unit agreements. Such
agreements shall conform to the requirements of the Plan and may contain such other provisions as
the Committee shall deem advisable.

B. Upon determination of the number of Restricted Stock Units to be awarded to a Participant,
the Committee shall direct that the same be credited to the Participant’s account on the books of
the Company but the underlying shares of Common Stock shall be delivered only upon vesting of the
Restricted Stock Units as provided herein. The Participant shall have no rights as a stockholder
with respect to any shares underlying the Restricted Stock Units prior to issuance and delivery of
the shares of Common Stock upon vesting of the Restricted Stock Units.

C. Amounts equal to any dividends declared with respect to the number of shares of Common
Stock covered by a Restricted Stock Unit Award may or may not be paid to the Participant currently,
or may or may not be deferred and deemed to be reinvested in additional Restricted Stock Units, or
otherwise reinvested on such terms as are determined at the time of the grant of the Restricted
Stock Unit Award by the Committee, in its sole discretion, and specified in the award agreement.

 

 

 

D. The Committee may condition the grant of a Restricted Stock Unit Award or the vesting
thereof upon the Participant’s achievement of one or more performance goal(s) specified
in the award agreement. If the Participant fails to achieve the specified performance
goal(s), either the Committee shall not grant the Restricted Stock Unit Award to such Participant
or the Participant shall not vest into and/or shall forfeit the Restricted Stock Unit Award.

E. The Stock Incentive Agreement shall specify the vesting period and the performance,
employment or other conditions (including the termination of a Participant’s service with the
Company, whether due to death, disability, retirement or other cause) under which the Restricted
Stock Unit Award may be forfeited to the Company. The vesting period shall be determined at the
discretion of the Committee. The Committee 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.

2. The defined term “Award” shall include Restricted Stock Units.

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

 

- 2 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}]]