If you have a Fwd-Off-Rev SELECTOR switch, the direction selection is made by the selector switch, why would one need a Jog button? Flip switch to Fwd or Rev, flip it back to Off, motor "jogs" and you never took your hand off the switch. Is that so difficult that one needs a different button?
If however there is a Fwd-Rev selector switch (no Off), and THEN there is a Start-Stop 3 wire control circuit with momentary push buttons, a Jog button makes sense. You select the direction FIRST, then hit the Jog button. The difference between Jog and Start is that the Jog button bypasses the seal-in contact that goes around the Start button, so the contactor drops out as soon as the Jog button is released. Done all the time like that on machines that need a Jog function to set up belt tracking etc. where leaving it in Run for even a few extra seconds can cause damage.
By the way, the QUICKEST way to jam up a Reversing Contactor's mechanical OR electrical interlocks is to tempt fate by ASSuming they will always prevent simultaneous closing. They should both be BACKUP plans, the first line of defense is to not allow the control circuit to get there in the first place. Doing so purposely is just asking for it.
Re: Reversing contactors without mechanical interlocks. I just came off of a disaster of a project where the interlocks between two large contactors (bypass of a VFD) were electrical only. The engineer who designed it that way wanted to save $$ by using simpler contactors. He defended his decision, even though we were there to replace a 250HP VFD that had blown up because the electrical interlocks on the contactors had failed. He forgot the basic law; Murphy Rules! This was at a turd farm, vents in the pump station were not working so H2S gas built up in the room, mixed with condensation when the power was off, formed Sulfuric Acid on all warm surfaces which caused the contacts to corrode and they failed to stop the control circuit from energizing the VFD contactor when the Bypass contactor had welded shut. They went through 4 VFDs before they called us in to check it out. That's right, 4 VFDs for "smoke testing"! Bless their hearts...