Jones Soda enters new employment agreement with CEO Mark Murray with $330k salary and RSU grant

JONES SODA CO.

Annual base salary of $330,000; eligible for annual cash bonus of at least $100,000 if revenue >= $19.9M and adjusted EBITDA >= ($495,066).
Receives 1,800,000 RSUs vesting in three tranches: 600k at 6 months, 600k at 15 months, 600k at 30 months from Feb 15, 2022.
Severance: if terminated without cause or resigns for good reason, 12 months base salary plus COBRA reimbursement for 12 months.
Bonus can increase by $2,500 per 1% above both targets, up to $50,000 additional; max annual bonus $150,000.

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