Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 677

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 2
Chunk 677
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-  
     - 
  
    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 derived from stock price or
total shareholder return.

Director
Compensation 

Director
Compensation Policy 

Mr.
Najeeb Ghauri and Ms. Malea Farsai are not paid any fees or other compensation for services as members of our Board of Directors.

The
Committee has previously relied on a survey conducted by Compensation Resources, Inc. in setting compensation for the non-employee
members of our Board of Directors. As with named executives, the aim is to compensate the Board of Directors at the mean of peer companies.
Any additional cash and/or equity compensation for the fiscal year beginning was designed to maintain this mean.

The
non-employee members of our Board of Directors received compensation for services as directors as well as reimbursement for documented
reasonable expenses incurred in connection with attendance at meetings of our Board of Directors and the committees thereof.

45

Director
Compensation Table

The
following table sets forth a summary of the compensation earned by our Directors and/or paid to certain of our Directors pursuant to
the Company’s compensation policies for the fiscal year ended June 30, 2025, other than