CONSULTING AGREEMENTConsulting Agreement • March 17th, 2009 • Idt Corp • Telephone communications (no radiotelephone)
This Consulting Agreement (this “Agreement”), with an effective date as of January 2, 2009 (the “Effective Date”), is hereby made between IDT Corporation, a Delaware corporation with its principal place of business at 520 Broad Street, Newark, New Jersey 07102 (the “Company”) and Stephen Brown, with his address at 390 Oak Drive, Cedarhurst, New York 11516 (“Consultant”). The Consultant and the Company are hereinafter referred to individually as a “Party” and collectively as the “Parties”.
Dear Claude:Idt Corp • March 17th, 2009 • Telephone communications (no radiotelephone)
This letter shall confirm our discussions with respect to your continued employment with IDT Corporation and its subsidiaries, affiliates and divisions (“IDT”), and shall supersede and replace all other contracts, agreements and understandings between the parties regarding your employment by IDT (including, without limitation, your December 31, 2003 employment letter agreement with Net2Phone Cable Telephony (as amended April 13, 2005 and September 5, 2006). By signing below in the space indicated, you agree to the following terms of your employment:
SEPARATION AND GENERAL RELEASE AGREEMENTSeparation and General Release Agreement • March 17th, 2009 • Idt Corp • Telephone communications (no radiotelephone) • New Jersey
This SEPARATION AND GENERAL RELEASE AGREEMENT (“Agreement”), dated as of January 2, 2009, is hereby made between Stephen Brown (“EMPLOYEE”) and IDT CORPORATION and its divisions, affiliates, subsidiaries (including, but not limited to, IDT Telecom, Inc., and IDT Capital, Inc. 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).
