As of April 1, 2008Confidential Separation Agreement and General Release • June 6th, 2008 • Idt Corp • Telephone communications (no radiotelephone) • New Jersey
You have been a member of the management team of IDT Telecom for some time, serving in a variety of capacities. This letter sets forth the terms under which you agree to continue your employment with IDT Corporation and IDT Telecom, Inc. (collectively the “Company”).
CONFIDENTIAL SEPARATION AGREEMENT AND GENERAL RELEASEConfidential Separation Agreement and General Release • June 6th, 2008 • Idt Corp • Telephone communications (no radiotelephone) • New Jersey
This CONFIDENTIAL SEPARATION AGREEMENT AND GENERAL RELEASE (“Agreement”), dated as of April 10, 2008 is hereby made between ELYAHU TENDLER (“Employee”) and IDT CORPORATION and its divisions, affiliates, subsidiaries (including but not limited to, IDT Telecom, IDT Capital, Inc., Net2Phone, Inc., and Union Telecard Alliance, LLC and their respective divisions, affiliates and subsidiaries), predecessors, successors and assigns (collectively “IDT”). Employee and IDT are hereinafter referred to individually as a “Party” and collectively as the “Parties”. This Agreement will become effective on the Effective Date (as hereafter defined).
