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S-8 Filing
IDT (IDT) S-8Registration of securities for employees
Filed: 16 Oct 23, 5:26pm
Exhibit 5.1
October 16, 2023
IDT Corporation
520 Broad Street
Newark, New Jersey 07102
Re: | IDT Corporation—Registration Statement on Form S-8 |
Ladies and Gentlemen:
I am the General Counsel of IDT Corporation, Inc. (the “Company”), and as such I have been asked to render the following opinion in connection with the registration statement on Form S-8 (the “Registration Statement”) to be filed with the Securities and Exchange Commission (the “SEC”) in connection with the registration under the Securities Act of 1933, as amended, of an aggregate of 300,000 shares of the Company’s Class B common stock, par value $0.01 (the “Class B Common Stock”), which are reserved for issuance pursuant to the IDT Corporation 2015 Stock Option and Incentive Plan, as Amended and Restated (the “SOP”).
As your counsel in connection with the Registration Statement, I have examined the SOP, the proceedings taken by you in connection with the adoption of the SOP, the proceedings taken by you in connection with the amendment and restatement of the SOP and such other documents and records as I have deemed necessary or advisable to render this Opinion.
Based upon the foregoing, it is my opinion that the shares of Class B Common Stock to be offered pursuant to the Registration Statement, when issued and outstanding pursuant to the terms of the SOP, will be validly issued, fully paid and non-assessable.
I hereby consent to the filing of this Opinion as an exhibit to the Registration Statement.
Very truly yours, | |
/s/ Joyce J. Mason | |
Joyce J. Mason | |
General Counsel |