Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 1158

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 6
Chunk 1158
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 on the grant date. Each executive’s
stock award was based on an analysis of the Compensation Committee of an appropriate overall cash compensation for each individual taking
into account their position and compensation at similarly situated companies. Each executive’s stock award was based on a desired
overall compensation cash value less the base salary as approved by the Compensation Committee.

Mr.
Najeeb Ghauri is eligible to receive grants of shares based on the performance criteria connected to gross revenues and net income from
operations as discussed below. The total compensation including equity grants is designed to bring the Chief Executive Officer to the
mean market average.

Mr.
Najeeb Ghauri’s bonus for fiscal year 2025 is based on the total revenues and income from operations on a graduated basis. The
following table demonstrates the graduated percentage of bonus that Mr. Ghauri will be eligible to earn based on the percentage of the
goal achieved. Bonuses will be paid 60% in cash and 40% in shares of common stock valued on June 30, 2025. Total net revenues and income
from operations are based on those values reported for the year ending June 30, 2025, excluding any adjustments relating to changes in
revenue recognition policy.

38

Mr.
Ghauri’s bonus for fiscal year 2025 shall be based on total revenues and income from operations on a graduated basis. The following
table demonstrates the graduated percentage of bonus that Mr. Ghauri will be eligible to earn based on the percentage of the goal achieved.
Bonuses will be paid 60% in cash and 40% in shares of common stock valued on June 30 of the fiscal year in question The bonus shall be
calculated based on the increase in annual revenues compared to the baseline revenue. The baseline revenue for the purpose of this bonus
calculation shall be defined as the highest annual revenue achieved in any previous year beginning with Fiscal Year End June 30, 2024.
Under no circumstances shall the baseline revenue be adjusted downward, even if annual revenues in subsequent years fall below this highest
annual revenue mark.

    Allocated Bonus %

    % of Bonus

    25
    %

    50
    %

    100
    %

    125
    %

    150
    %

    175
    %

    200
    %
  
    Net revenues

    55
    %
     
    Increase in revenues

    5
    %

    10