Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 1296

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 7
Chunk 1296
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 previous twelve (12) months (the “Change of Control Termination Payment”).

The
following table summarizes the potential payments to Ms. McGlasson assuming her employment with us was terminated, or a change of control
occurred on June 30, 2025, the last day of our most recently completed fiscal year.

    BENEFITS AND PAYMENTS 
    TERMINATION AFTER CHANGE OF CONTROL  
    TERMINATION UPON DEATH OR DISABILITY  
    TERMINATION BY US WITHOUT CAUSE OR BY EXECUTIVE FOR GOOD REASON 

    Base Salary Continuance 
    $504,624  
    $42,052  
    $504,624 
  
    Health related benefits 
     25,752  
     -  
     25,752 
  
    Bonus 
     -  
     -  
     - 
  
    Salary Multiple Pay-out 
     754,413  
     -  
     - 
  
    Bonus or Revenue One-time Pay-Out 
     330,441  
     -  
     - 
  
    Net Cash Value of Options 
     -  
     -  
     - 

    Total 
    $1,615,230  
    $42,052  
    $530,376 

Clawback
Policy

In
2023, the Company adopted an Executive Officer Clawback Policy (the “Clawback Policy”) that complies with SEC and Nasdaq
requirements and standards. The Clawback Policy requires the recovery, on a prompt and mandatory basis, of excess incentive-based compensation
received by current or former executive officers during the applicable three-year period in the event the Company is required to prepare
an accounting restatement due to material noncompliance with any financial reporting requirement under the securities laws. Triggering
events include restatements to correct errors that are material to previously issued financial statements, or that would result in a
material misstatement if corrected or left uncorrected in the current period. Excess incentive-based compensation generally means the
amount of compensation received (on or after October 24, 2023) that exceeds the amount that would have been received based on the restated
figures, without regard to any taxes paid. Incentive-based compensation subject to clawback includes any amounts granted, earned or vested
based wholly or in part on the attainment of financial reporting measures, including performance metrics