Company: JWEL
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001213900-25-041556
Chunk: 96

Company: Jowell Global Ltd.
Filing Date: 2025-05-09
Form: 20-F
Item: Item 6
Chunk 96
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 Trade Fund LLC. From October
2010 to July 2012, Mr. Morris served as Options Market Maker for VTrader Pro. Mr. Morris received his bachelor of art degree in Psychology
from the University of Dayton in April 1975.

6. B. Compensation

For the fiscal year ended December 31, 2024, we
paid an aggregate of approximately $ 231,288 in cash to our directors and executive officers. For share incentive grants to our officers
and directors, see “ - Share Incentive Plans.” We have not set aside or accrued any amount to provide pension, retirement
or other similar benefits to our executive officers and directors.

Our PRC subsidiaries and our variable interest
entity are required by law to make contributions equal to certain percentages of each employee’s salary for his or her pension insurance,
medical insurance, unemployment insurance and other statutory benefits and a housing provident fund.

Employment Agreements, Director Agreements
and Indemnification Agreements

We have entered into employment agreements with
each of our executive officers. Pursuant to these agreements, each of our executive officers is employed for an initial term of one year,
renewable upon mutual agreement of the Company and the executive officer.

The executive officers are entitled to a fixed
salary and to participate in our equity incentive plans, if any and other company benefits, each as determined by the Board or a committee
designated by the Board from time to time.

We may terminate the executive
officer’s employment for cause, at any time, without notice or remuneration, for certain acts, such as conviction or plea of
guilty to a felony or grossly negligent or dishonest acts to our detriment, or material breach of any term of any employment or
other services, confidentiality, intellectual property or non-competition agreements with the Company. In such case, the executive
officer will solely be entitled to an accrued and unpaid salary through the effective date of such termination, and his/her right to
all other benefits will terminate, except as required by any applicable law. The executive officer is not entitled to severance
payments upon any termination.

The executive officer may voluntarily terminate
his/her employment for any reason and such termination shall take effect 30 days after the receipt by Company of the notice of termination.
Upon the effective date of such termination, the executive officer shall be entitled to (a) accrued and unpaid salary and vacation through
such termination date; and (b) all other compensation and benefits that were