Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has approved the payment of $505,087 to Chief Financial Officer Jatin Dalal.

The payment is part of a settlement linked to a lawsuit by Dalal’s former employer, Wipro, concerning alleged breaches of non-compete and confidentiality agreements.

The settlement, reached on July 2, 2024, covers Dalal's settlement payment to Wipro and legal fees, without any admission of liability by the parties.

The resolution ends the dispute over Dalal's transition to Cognizant, enabling the company to focus on its business operations.