Cognizant pays $505,087 to CFO Jatin Dalal for settlement of Wipro lawsuit over non-compete

COGNIZANT TECHNOLOGY SOLUTIONS CORP

Compensation Committee approved payment of $505,087 to CFO Jatin Dalal for settlement of Wipro lawsuit and arbitration.
Payment covers Dalal's settlement payment to Wipro and reimbursement of legal fees.
Lawsuit alleged breach of non-compete and confidentiality obligations from joining Cognizant.
Settlement reached without admission of liability by either party.

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