Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 1478

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 8
Chunk 1478
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 prior shareholder approval.

●
Our policy on the prevention of insider trading prohibits various types of transactions involving Company stock or securities, including
short sales, options trading, hedging, margin purchases and pledges.

●
Our stock ownership guidelines require our executive officers to align their long-term interests with those of our stockholders.

●
Our policy prohibits the named executive officers from selling any newly issued shares for a period of three months, in an open market
transaction.

●
Beginning with our fiscal year 2019 to current, we modified our compensation practices for our CEO to tie a significant portion to
financial results both on a top line and bottom-line basis.

General
Compensation Overview

For
2025, compensation designed for our executive officers consisted of:

●Base
                                            Salary

●Cash
                                            awards at the discretion of the Compensation Committee

●Stock
                                            purchase options; and

●Ability
                                            to participate generally in all group health and welfare benefit programs and tax-qualified
                                            retirement plans on the same basis as applicable to all of our employees.

In
response to discussions, we have had with certain shareholders and given the percentage voting in favor of our executive compensation,
beginning with the 2019 fiscal year, Chief Executive Officer compensation shall consist of:

●Base
                                            Salary

●Short-term
                                            cash awards conditioned upon achieving objective performance targets

●Long-term
                                            equity in the form of time and objective performance targets; and

●Ability
                                            to participate generally in all group health and welfare benefit programs and tax-qualified
                                            retirement plans on the same basis as applicable to all of our employees.

35

The
Compensation Committee administers the cash and non-cash compensation programs applicable to our executive officers. The Compensation
Committee makes all decisions about executive officer compensation for the Chief Executive Officer and the remaining named executives
after discussion with our Chief Executive Officer about his direct reports. The Compensation Committee has often refined the direct reports’
compensation recommendations made by the Chief Executive Officer. Our Chief Executive Officer’s compensation is determined solely
by the Compensation Committee, which, consistent with NASDAQ requirements, is comprised exclusively of independent directors, and the
Chief Executive Officer does not participate in Committee decisions surrounding his compensation.

Independent
Compensation Consultant

The
Compensation Committee retained Compensation Resources, Inc. as its independent compensation consultant in prior years. Compensation
Resources, Inc., when consulted, provides chief executive officer and director compensation consulting services to the Compensation
Committee, including a competitive market analysis