Company: NTWK
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001641172-25-007993
Chunk: 68

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 68
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     | EQUITY INCENTIVE PLAN AWARDS: NUMBER OF UNEARNED SHARES THAT HAVE NOT VESTED |   |     | EQUITY INCENTIVE PLAN AWARDS: MARKET OR PAYOUT VALUE OF SHARES THAT HAVE NOT VESTED ($) |   |
| Najeeb Ghauri         |     |                                                         | 50,000 |     |                                                           | - |     |                           | 2.15 |     | 1/1/25                 |     |                                                       | - |     |                                                 | - |     |                                                                              | - |     |                                                                                         | - |
| Naeem Ghauri          |     |                                                         | 50,000 |     |                                                           | - |     |                           | 2.15 |     | 1/1/25                 |     |                                                       | - |     |                                                 | - |     |                                                                              | - |     |                                                                                         | - |
| Roger K Almond        |     |                                                         |      - |     |                                                           | - |     |                           |    - |     |                        |     |                                                       | - |     |                                                 | - |     |                                                                              | - |     |                                                                                         | - |
| Patti L. W. McGlasson |     |                                                         |      - |     |                                                           | - |     |                           |    - |     |                        |     |                                                       | - |     |                                                 | - |     |                                                                              | - |     |                                                                                         | - |

Pension Benefits

We do not have any qualified or non-qualified defined benefit plans.

Potential Payments upon Termination or Change of Control

Generally, regardless of the manner in which a named executive officer’s employment terminates, the executive officer is entitled to receive amounts earned during the term of employment. Such amounts include the portion of the executive’s base salary that has accrued prior to any termination and not yet been paid, and unused vacation pay.

In addition, we are required to make the additional payments and/or provide additional benefits to the individuals named in the Summary Compensation Table in the event of a termination of employment or a change of control, as set forth below.

Change-in-Control Payments

Najeeb Ghauri, Chairman and Chief Executive Officer

In the event that Mr. Ghauri is terminated as a result of a change in control, he is entitled to all payments due in the event of a termination for Cause or Good Reason and: (a) a onetime payment equal to the product