Company: JSDA
Filing Date: 2025-07-03
Form Type: S-1
Source: 0001641172-25-017818
Chunk: 101

Company: JONES SODA CO.
Filing Date: 2025-07-03
Form: S-1
Chunk 101
---
ages inappropriate risk-taking for short-term gains;                             
 Long-term                                                                                                                               
 incentive compensation is primarily in the form of stock options that generally vest over multiple year periods, thereby aligning       
 the interests of management and other key employees with the long-term interests of our shareholders;                                   |
|:--|:----------------------------------------------------------------------------------------------------------------------------------------|
| ● | Annual                                                                                                                                  
 cash bonuses can be both discretionary, and in the case of certain executives, governed by a fixed formula as outlined in an employment 
 agreement; and                                                                                                                          |
| ● | Sales                                                                                                                                   
 commissions are not an element of our compensation practices for our Named Executive Officers or other senior management.               |

Company Policies and Practices Related to the Grant of Certain Equity Awards Close in Time to the Release of Material Nonpublic Information

The Compensation Committee last granted a stock option in February 2025. The Company does not (i) grant stock options or similar awards to directors, officers and significant shareholders who file reports with the SEC under Section 16 (a) under the Exchange Act or other Vice Presidents and above who directly report to the Chief Executive Officer,in anticipation of the release of material nonpublic information that is likely to result in changes to the price of the Company’s shares of common stock, such as a significant positive or negative earnings announcement, or (ii) time the public release of such information based on stock option grant dates. In addition, the Company does not grant stock options or similar awards during the four business days prior to or the one business day following the filing of periodic reports or the filing or furnishing of a Current Report on Form 8-K that discloses material nonpublic information. These restrictions do not apply to RSUs or other types of equity awards that do not include an exercise price related to the market price of the Company’s stock on the date of grant. The Company typically grants annual retention stock options to all of its employees during the Compensation Committee meeting taking place in the first quarter of each year. The Company also grants stock options to new hires soon after the employee start date.

| 63 |

The Company’s executive officers would not be permitted to choose the grant date for any stock option grants. During fiscal 2024, none of the Company’s named executive officers were awarded stock options.

Director Compensation

The following table sets forth information with respect to compensation paid by us to our non-employee directors during the last completed fiscal year ended December 31, 2024:

|                      |     | Fees    
 Earned  
 or      
 Paid in 
 Cash    |   |