Company: JSDA
Filing Date: 2025-06-04
Form Type: DEF 14A
Source: 0001641172-25-013621
Chunk: 35

Company: JONES SODA CO.
Filing Date: 2025-06-04
Form: DEF 14A
Chunk 35
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 stock, warrants and employee
options to purchase any shares) on the final day of the immediately preceding calendar year and (B) such lesser number of shares of common
stock as determined by our Board. The Company may grant incentive stock options, non-statutory stock options, stock appreciation rights,
RSUs, restricted stock units and other stock-based awards to participants to acquire shares of Company common stock under the 2022 Plan.

Compensation Practices

We have evaluated the risks arising from our compensation
policies and practices for our employees and concluded that such risks are not reasonably likely to have a material adverse effect on
the Company. In this regard, the following factors, among others, were considered:

| ● 
 ● | Compensation is in line with the Company’s business plan and discourages 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; |
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| ● | Annual cash bonuses are discretionary and are not governed by a fixed formula; and                                                                                                                                                                |
| ● | Sales commissions are not an element of our compensation practices for our Named Executive Officers or other senior management.                                                                                                                   |

| -22- |

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 notgrant 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