Company: PTPI
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001104659-25-025104
Chunk: 90

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 90
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 payable in Common Stock, cash or a combination of the
two), the maximum number of shares of Common Stock for which such Awards may be made to any Employee or Key Advisor in any calendar year
shall not exceed 215,669 shares of Common Stock in the aggregate.

(ii) The
maximum aggregate grant date value of shares of Common Stock subject to Awards granted to any Non-Employee Director during any calendar
year for services rendered as a Non-Employee Director, taken together with any cash fees earned by such Non-Employee Director for services
rendered as a Non- Employee Director during the calendar year, shall not exceed $750,000 in total value. For purposes of this limit,
the value of such Awards shall be calculated based on the grant date Fair Market Value of such Awards for financial reporting purposes.

(iii) Notwithstanding
the foregoing, the individual limit described in subsection (i) shall be increased to two times the otherwise applicable limit with
respect to Awards that are made on or around the date of hire to a newly hired Employee.

(e) .
If there is any change in the number or kind of shares of Common Stock outstanding by reason of (i) a stock dividend, spinoff, recapitalization,
stock split, reverse stock split or combination or exchange of shares, (ii) a merger, reorganization or consolidation, (iii) a
reclassification or change in par value, or (iv) any other extraordinary or unusual event affecting the outstanding Common Stock
as a class without the Company’s receipt of consideration, or if the value of outstanding shares of Common Stock is substantially
reduced as a result of a spinoff or the Company’s payment of an extraordinary dividend or distribution, the maximum number and
kind of shares of Common Stock available for issuance under the Plan, the maximum number and kind of shares of Common Stock for which
any individual may receive Awards in any year, the kind and number of shares covered by outstanding Awards, the kind and number of shares
issued and to be issued under the Plan, and the price per share or the applicable market value of such Awards shall be equitably adjusted
by the Committee to reflect any increase or decrease in the number of, or change in the kind or value of, the issued shares of Common
Stock to preclude, to the extent practicable, the enlargement or dilution of rights and benefits under the Plan and such outstanding
Awards; provided, however, that any fractional shares resulting from such adjustment shall be eliminated. In addition, in