CONFIDENTIAL SEPARATION AGREEMENT AND GENERAL RELEASEConfidential Separation Agreement and General Release • June 3rd, 2008 • Idt Corp • Telephone communications (no radiotelephone) • New Jersey
This CONFIDENTIAL SEPARATION AGREEMENT AND GENERAL RELEASE (“Agreement”), dated as of April 30, 2008, is hereby made between MARC OPPENHEIMER (“EMPLOYEE”) and IDT CORPORATION and its divisions, affiliates, subsidiaries (including, but not limited to, IDT Telecom, 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).
