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

Company: JONES SODA CO.
Filing Date: 2025-06-04
Form: DEF 14A
Chunk 14
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inger qualifies as an “audit committee financial expert” as defined
under applicable SEC rules.

Compensation and Governance Committee

The Compensation Committee is currently comprised
of Mr. Sirkin (Chair), Mr. Reichman, and since November 12, 2024, Mr. Dissinger. Our Board of Directors has determined that, after consideration
of all relevant factors, each of the directors who served on the Compensation Committee during the year ended December 31, 2024, except
for Mr. Murray who briefly served on the Compensation Committee from October 25, 2024 to November 12, 2024 to replace Mr. Norman who resigned
from the Compensation Committee on October 25, 2024 in connection with his appointment as the Company’s Interim Chief Executive
Officer, qualified as “independent” and “non-employee” directors under applicable Nasdaq and SEC rules and qualified
as an “outside director” pursuant to the Internal Revenue Code and the regulations promulgated thereunder. The Compensation
Committee makes recommendations to our Board of Directors regarding our general compensation policies as well as the compensation plans
and specific compensation levels for our executive officers.

The Compensation Committee has a number of functions
and responsibilities as delineated in its written charter, which is reviewed by the committee on an annual basis, and by our Board of
Directors as appropriate. A copy of the Compensation Committee charter is available on our website at www.jonessoda.com under the Investor
Relations tab under the heading “Corporate Governance.”

The primary functions of the Compensation Committee
are to (i) assist our Board of Directors with its responsibilities relating to compensation of our Chief Executive Officer and other executives,
employees and directors who are not our employees, (ii) advise our Board of Directors in connection with our retirement, welfare and other
benefit plans, (iii) develop, update, as necessary, and recommend to our Board of Directors corporate governance principles and policies
applicable to us, and monitor compliance with such principles and policies and (iv) administer our Clawback Policy. The Compensation Committee,
when appropriate, may delegate authority to subcommittees and may delegate authority to one or more designated members of the committee,
our Board of Directors or our officers. Additionally, the Compensation Committee, in its sole discretion, may retain compensation consultants,
independent counsel, accounting and other professionals without seeking approval of our Board of Directors with respect to the selection,
fees or retention terms for these advisors. The Compensation Committee did not retain