VERINT SYSTEMS INC - FORM 10-K - EX-10.5 - EXHIBIT 10.5 - March 16, 2010

Attached files

file filename
EX-3.3 - EXHIBIT 3.3 - VERINT SYSTEMS INCc93011exv3w3.htm
EX-4.2 - EXHIBIT 4.2 - VERINT SYSTEMS INCc93011exv4w2.htm
EX-10.9 - EXHIBIT 10.9 - VERINT SYSTEMS INCc93011exv10w9.htm
EX-10.4 - EXHIBIT 10.4 - VERINT SYSTEMS INCc93011exv10w4.htm
EX-10.11 - EXHIBIT 10.11 - VERINT SYSTEMS INCc93011exv10w11.htm
EX-10.16 - EXHIBIT 10.16 - VERINT SYSTEMS INCc93011exv10w16.htm
EX-10.15 - EXHIBIT 10.15 - VERINT SYSTEMS INCc93011exv10w15.htm
EX-10.20 - EXHIBIT 10.20 - VERINT SYSTEMS INCc93011exv10w20.htm
EX-10.33 - EXHIBIT 10.33 - VERINT SYSTEMS INCc93011exv10w33.htm
EX-32.2 - EXHIBIT 32.2 - VERINT SYSTEMS INCc93011exv32w2.htm
EX-31.2 - EXHIBIT 31.2 - VERINT SYSTEMS INCc93011exv31w2.htm
EX-21.1 - EXHIBIT 21.1 - VERINT SYSTEMS INCc93011exv21w1.htm
EX-32.1 - EXHIBIT 32.1 - VERINT SYSTEMS INCc93011exv32w1.htm
EX-31.1 - EXHIBIT 31.1 - VERINT SYSTEMS INCc93011exv31w1.htm
EX-10.37 - EXHIBIT 10.37 - VERINT SYSTEMS INCc93011exv10w37.htm
EX-10.38 - EXHIBIT 10.38 - VERINT SYSTEMS INCc93011exv10w38.htm
EX-10.34 - EXHIBIT 10.34 - VERINT SYSTEMS INCc93011exv10w34.htm
EX-10.25 - EXHIBIT 10.25 - VERINT SYSTEMS INCc93011exv10w25.htm
EX-10.39 - EXHIBIT 10.39 - VERINT SYSTEMS INCc93011exv10w39.htm
EX-10.43 - EXHIBIT 10.43 - VERINT SYSTEMS INCc93011exv10w43.htm
EX-10.42 - EXHIBIT 10.42 - VERINT SYSTEMS INCc93011exv10w42.htm
EX-10.23 - EXHIBIT 10.23 - VERINT SYSTEMS INCc93011exv10w23.htm
EX-10.21 - EXHIBIT 10.21 - VERINT SYSTEMS INCc93011exv10w21.htm
EX-10.36 - EXHIBIT 10.36 - VERINT SYSTEMS INCc93011exv10w36.htm
EX-10.40 - EXHIBIT 10.40 - VERINT SYSTEMS INCc93011exv10w40.htm
EX-10.35 - EXHIBIT 10.35 - VERINT SYSTEMS INCc93011exv10w35.htm
EX-10.22 - EXHIBIT 10.22 - VERINT SYSTEMS INCc93011exv10w22.htm
EX-10.24 - EXHIBIT 10.24 - VERINT SYSTEMS INCc93011exv10w24.htm
10-K - FORM 10-K - VERINT SYSTEMS INCc93011e10vk.htm
EX-10.8 - EXHIBIT 10.8 - VERINT SYSTEMS INCc93011exv10w8.htm
EX-10.41 - EXHIBIT 10.41 - VERINT SYSTEMS INCc93011exv10w41.htm
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.

 

Stock widget

Investing forum

VERINT SYSTEMS INC Reports