Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 169

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 169
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    $3,360,000 
  
    Health Related Benefits 
     47,040  
     -  
     47,040 
  
    Bonus 
     -  
     -  
     - 
  
    Salary Multiple Pay-out 
     2,511,600  
     -  
     - 
  
    Bonus or Revenue One-time Pay-Out 
     660,882  
     -  
     - 
  
    Net Cash Value of Options 
     -  
     -  
     - 

    Total 
    $6,579,522  
    $140,000  
    $3,407,040 

Roger
Almond, Chief Financial Officer 

In
the event that Mr. Almond 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 of 2.99 and his salary during the preceding 12 months; (b) a
one-time payment equal to the higher of (i) Executive’s bonus for the previous year and (ii) one-half of one percent of the Company’s
consolidated gross revenues for the previous twelve (12) months (the “Change of Control Termination Payment”).

The
following table summarizes the potential payments to Mr. Almond assuming his 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 
    $550,000  
    $45,833  
    $550,000 
  
    Health related benefits 
     30,552  
     -  
     30,552 
  
    Bonus 
     -  
     -  
     - 
  
    Salary Multiple Pay-out 
     822,250  
     -  
     - 
  
    Bonus or Revenue One-time Pay-Out 
     330,441  
     -  
     - 
  
    Net Cash Value of