The company adopted a stock based incentive compensation plan, effective January 01, 2020. Under the plan, the President/CEO was granted 25,000 share options on JKL, Inc.'s common stock. The EVP Operations and the CFO each received 20,000 share options. The options strike price is $31 per share. The company uses the US Treasury yield on the 10-year Treasury Bill as an approximation of the risk free rate. The intrinsic value of the stock options are $6.92. These options vest ratably per year over a three year period.

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