Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(b) By letter dated July 22, 2009, IDT Corporation (the "Registrant" or the "Company") notified its Chief Executive Officer ("CEO"), Jim Courter, that it would not renew Mr. Courter's employment agreement with the Company. It is anticipated that Mr. Courter will retire from his CEO position with the Company effective upon the expiration of his employment agreement on October 21, 2009. The employment agreement between Mr. Courter and the Company required that a notification of non-renewal be given at least 90 days prior to the scheduled expiration of the term of the agreement. The Company and Mr. Courter are discussing the terms of Mr. Courter continuing to serve the Company as Vice Chairman.

As previously announced by the Company on October 3, 2008, the Company and Mr. Howard Jonas intend that Mr. Jonas will succeed Mr. Courter as CEO of the Company (in addition to his current duties as Chairman of the Board of the Company) upon Mr. Courter's retirement.

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