Comverse, Inc. Relocation Bonus and Office Change Letter Agreement with Joel Legon

Contract Categories: Human Resources › Compensation Agreements
Summary

Comverse, Inc. confirms that Joel Legon's office location has changed from New York City to Wakefield, Massachusetts as of March 1, 2010. If Joel needs to travel to the New York office for business, his expenses will be reimbursed according to company policy. Additionally, Comverse will pay Joel a one-time relocation bonus of $30,000 (minus required withholdings) to assist with moving expenses. This payment is the final compensation related to his relocation.

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EX-10.8 7 cmvt-4302012xexhibit108.htm CMVT - 4.30.2012 - Exhibit 10.8


Exhibit 10.8


March 29, 2010

BY US MAIL AND ELECTRONIC MAIL

Mr. Joel Legon
Chief Accounting Officer
43 Chapin Road
Barrington, RI 02806

Dear Joel,

This letter confirms that, as of March 1, 2010, your office location has changed from the New York City, NY office to the Wakefield, MA office. If you are required to visit the NYC office based on business needs then you will be reimbursed for your expenses according to the Comverse, Inc. travel policy. The travel policy is available on the corporate intranet via the Traveler portal.

In addition, Comverse will pay you a one-time relocation bonus, in addition to the amounts you have previously received, in the amount of $30,000.00 less statutory withholdings to assist with your relocation expenses. This payment represents the final payment in any compensation owed to you in connection with your relocation.

I hope this addresses any questions you may have. Please contact me at ###-###-#### if you would like to discuss further.

Sincerely,
/s/ Shefali Shah
Shefali Shah
Senior Vice President, General Counsel and Corporate Secretary










810 Seventh Avenue, 32nd Floor, New York, NY 10019 Telephone ###-###-#### Facsimile ###-###-#### www.cmvt.com