EX-10.1
from 8-K
3 pages
On Behalf of Jones Soda Co. (“Jones Soda” or the “Company”), I Am Very Pleased to Offer You the Position of Chief Executive Officer and President. This Amended and Restated Employment Offer Letter Establishes the Updated Terms of Your Employment With Jones Soda and Amends and Restates in Its Entirety the Prior Employment Offer Letter Agreement Between You and Jones Soda Dated August 31, 2020 (The “Prior Agreement”). Start Date. Your Start Date With Jones Soda as Chief Executive Officer and President Shall Be December 1, 2020. Compensation. Your Base Salary Will Be $275,000 on an Annualized Basis. Additionally, You Will Continue to Be Eligible for a $100/Month Cell Phone Allowance. Paydays Are Semi-Monthly on or About the 15th and Last Day of the Month. Bonus – You Will Be Eligible to Earn a Cash Bonus in the Amount of Up to $100,000 for 2021 Pursuant to a Bonus Plan to Be Established by the Company’s Compensation Committee and Approved by the Company’s Board of Directors, Which Bonus Plan Will Be Based on the Company’s 2021 Performance
12/34/56