Company: SXTPW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003343
Chunk: 706

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1C
Chunk 706
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discretion, may accelerate the time at which any restrictions will lapse or be removed. Recipients of restricted stock awards generally
will have voting and dividend rights with respect to such shares upon grant without regard to vesting, unless the administrator provides
otherwise. Shares of restricted stock that do not vest are subject to our right of repurchase or forfeiture.

Restricted Stock Units

RSUs may be granted under the 2022 Plan. RSUs
are bookkeeping entries representing an amount equal to the fair market value of one share of our common stock. Subject to the provisions
of the 2022 Plan, the administrator determines the terms and conditions of RSUs, including the vesting criteria and the form and timing
of payment. The administrator may set vesting criteria based upon the achievement of Company-wide, divisional, business unit or individual
goals (including continued employment or service), applicable federal or state securities laws or any other basis determined by the administrator
in its discretion. The administrator, in its sole discretion, may pay earned RSUs in the form of cash, in shares of our common stock
or in some combination thereof. Notwithstanding the foregoing, the administrator, in its sole discretion, may accelerate the time at
which any vesting requirements will be deemed satisfied.

Performance Awards

Performance awards may be granted under the 2022
Plan. Performance awards are awards that will result in a payment to a participant only if performance goals established by the administrator
are achieved or the awards otherwise vest. The administrator will set objectives or vesting provisions, that, depending on the extent
to which they are met, will determine the value of the payout for the performance awards. The administrator may set vesting criteria
based on the achievement of Company-wide, divisional, business unit, or individual goals (including, but not limited to, continued employment
or service), or any other basis determined by the administrator in its discretion. Each performance award’s threshold, target,
and maximum payout values are established by the administrator on or before the grant date. After the grant of a performance award, the
administrator, in its sole discretion, may reduce or waive any performance objectives or other vesting provisions for such performance
award. The administrator, in its sole discretion, may pay earned performance awards in the form of cash, in shares, or in some combination
thereof.

Non-transferability of Awards

Unless the administrator provides otherwise,
the 2022 Plan generally does not allow for the transfer of awards other than by will or by