Company: NTWK
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001641172-25-007993
Chunk: 31

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 31
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ization and stock option expense (“EBITDASO”), and net earnings); (c) ethical conduct; (d) market share;
(e) earnings per share; (f) growth in earnings or earnings per share; (g) stock price; (h) return on equity or average shareholders’ equity;
(i) total shareholder return; (j) return on capital; (k) return on assets or net assets; (l) return on investment; (m) revenue; (n) income
or net income; (o) operating income or net operating income; (p) operating profit or net operating profit; (q) operating margin; (r) return
on operating revenue; (s) overhead or other expense reduction; (t) growth in shareholder value relative to the two-year moving average
of the S&P 500 Index; (u) growth in shareholder value relative to the two-year moving average of the Dow Jones Industrial Average;
(v) credit rating; (w) strategic plan development and implementation; (x) succession plan development and implementation; (y) retention
of executive talent; (z) improvement in workforce diversity; (aa) return on average shareholders’ equity relative to the ten year treasury
yield; (bb) capital resource management plan development and implementation; (cc) improved internal financial controls plan development
and implementation; (dd) corporate tax savings; (ee) corporate cost of capital reduction; (ff) investor relations program development
and implementation; (gg) corporate relations program development and implementation; (hh) executive performance plan development and implementation;
and (ii) tax provision rate for financial statement purposes. The Committee may adjust the performance results to take into account extraordinary,
unusual, non-recurring, or non-comparable items. No award of restricted stock, deferred stock or other awards granted under our 2025 Plan
(other than stock options and stock appreciation rights) that is intended to satisfy the requirements for “performance based compensation”
under Section 162(m) of the Code will be payable unless the Committee certifies in writing that the applicable performance goals have
been satisfied.

Change in Control. In the event of certain
changes in control of NetSol Technologies, the Committee has the discretion to provide that any award under our 2025 Plan that may be
exercised will become fully vested and exercisable, and/or that all restrictions on any awards under our 2025 Plan will lapse as the Committee
determines, which may be prior to the change