Company: PTPI
Filing Date: 2025-03-14
Form Type: PRER14A
Source: 0001104659-25-024012
Chunk: 54

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-03-14
Form: PRER14A
Chunk 54
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Common Stock reserved for issuance as awards or for which individuals may receive awards in any year, (ii) the number and kind of
shares covered by outstanding awards, (iii) the kind of shares that may be issued or transferred under the 2020 Plan, (iv) the
price per share or market value of any outstanding awards, (v) the exercise price of options and the base amount of stock appreciation
rights, and (vi) the performance goals or other terms and conditions as the committee deems appropriate.

Eligibility

All of the Company’s
employees and non-employee directors are eligible to receive awards under the 2020 Plan. In addition, the Company’s consultants
and advisors who render bona fide services for the Company may receive awards under the 2020 Plan if (i) the services rendered are
not in connection with the offer and sale of securities in a capital-raising transaction, and (ii) such consultant or advisor does
not directly or indirectly promote or maintain a market for the Company’s securities. Incentive stock options may be granted only
to the Company’s employees.

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Vesting

The committee determines
the vesting and exercisability terms of awards granted under the 2020 Plan. Except in connection with a change in control (in which case,
awards will be treated as described below), the committee may generally accelerate the vesting of awards in its discretion, provided
such acceleration complies with Sections 409A and 424 of the Code. Dividends and dividend equivalents granted in connection with any
awards made under the 2020 Plan will vest and be paid only if and to the extent the underlying awards vest and are paid.

At the committee’s
discretion, performance objectives for awards may be based on the attainment of specified levels of one or more performance goals established
by the committee. If the committee so determines, the vesting of any such award subject to performance objectives may be described in
terms of company-wide objectives or objectives that are related to the performance of the individual participant or the subsidiary, division,
department, or function within the company or subsidiary in which the participant is employed. Performance objectives may be measured
on an absolute or relative basis. Relative performance may be measured by a group of peer companies or by a financial market index. Performance
objectives may include: specified levels of or increases in, a division’s or a subsidiary’s return on capital, equity, or