KJT/ESOP History
What year and month did Ken announce the ESOP was going 100%?
August 2019
True or false: As the CEO, only Michaela is eligible to be part of the ESOP plan?
False
If you have 2 years of service, what percent vested is your ESOP Account?
20%
Name one advantage you have of working for an ESOP.
Name one advantage you have of working for an ESOP
Name Joy Rios’s location (city and state.)
San Antonio, TX
Who took a pie to the face for our first $2 million month in sales? *Bonus points, who pied this person?
Lynn Clement (Tim Brewer)
True or false: you must be employed by the last day of the year (Dec 31) to be eligible for that year’s distribution?
True
How long does it take to become 100% vested?
6 years (or you reach retirement age)
This is the biggest determinant of our stock price at the annual valuation.
current and future projections of earnings
This is Sean Falzarano’s favorite movie.
The Dark Knight
What was the share price on our first valuation? You must be within $5.
$98/share in 2013
What age do you have to be to be eligible for participation in KJT’s ESOP plan?
21
Ronnie Research is 100% vested and is planning to retire from KJT at the end of the year. Their account balance is $20,000, over how many years will their distribution take place?
5 years
This is who is in charge of appointing our trustee.
The Board of Directors
The name of Dan Wasserman’s youngest child
Jacob
Where specifically was the first KJT office located?
In Honeoye falls, the masonic building by the light, yellow building on the other side of the bridge
How much does it cost to become eligible for KJT’s ESOP plan?
$0
Bobby Balance joined KJT on January 1, 2018. What percent of Bobby’s ESOP account will be vested on January 1, 2022?
60%
Fill in the blank: a distribution is the payment(s) you receive in exchange for the _____ of your shares at your time of departure from KJT.
Fair market value (FMV)
The type of business that Etida Butler started prior to coming to KJT
a brewery
How many active participants are currently in KJT ESOP plan? (you must be within 3)
29 active Participants
Insights Irene was hired on March 15, 2020 and is a full time employee who had 1000 hours of service in each year she has worked. When is/was she eligible to enter our ESOP plan?
Jul 1, 2021
What is the calculation used for allocation of share?
Your total compensation/All ESOP participants’ total compensation x # of shares released = # of shares you receive
The name of the company where “Bobby” works.
The name of the company where “Bobby” works.
Not including turnover (or temporary employees), this is the number of new employees KJT has welcomed in 2021. (Credit given within +/- 3)
23