Company: PTPI
Filing Date: 2025-03-14
Form Type: PRER14A
Source: 0001104659-25-024012
Chunk: 95

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-03-14
Form: PRER14A
Chunk 95
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 determine, as to any or all Stock Awards, that
the restrictions shall lapse without regard to any Restriction Period.

Section 8. Stock Units

The Committee may grant Stock Units, each of which
shall represent one hypothetical share of Common Stock, to an Employee, Non-Employee Director or Key Advisor upon such terms and conditions
as the Committee deems appropriate. The following provisions are applicable to Stock Units:

(a) . Each Stock Unit shall represent the right of the Participant to receive a share of Common Stock or an amount of cash based
on the value of a share of Common Stock, if and when specified conditions are met. All Stock Units shall be credited to bookkeeping accounts
established on the Company’s records for purposes of the Plan.

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(b) . Subject to Section 3(b), the Committee may grant Stock Units that vest and are payable if specified Performance
Objectives or other conditions are met, or under other circumstances. Stock Units may be paid at the end of a specified performance period
or other period, or payment may be deferred to a date authorized by the Committee. Subject to the limitations set forth in Section 12,
the Committee may accelerate vesting or payment, as to any or all Stock Units at any time for any reason, provided such acceleration
complies with section 409A of the Code. The Committee shall determine the number of Stock Units to be granted and the requirements applicable
to such Stock Units.

(c) . If the Participant ceases to be employed by, or provide service to, the Employer prior to the vesting of
Stock Units, or if other conditions established by the Committee are not met, the Participant’s Stock Units shall be forfeited.
The Committee may, however, provide for complete or partial exceptions to this requirement as it deems appropriate.

(d) . Payments with respect to Stock Units shall be made in cash, Common Stock or any combination of the foregoing,
as the Committee shall determine.

Section 9. Stock Appreciation Rights

The Committee may grant SARs to an Employee, Non-Employee
Director or Key Advisor separately or in tandem with any Option. The following provisions are applicable to SARs:

(a) . The Committee may grant SARs to an Employee, Non-Employee Director or Key Advisor separately or in tandem with any
Option (for all or a portion of the applicable Option). Tandem SARs may be granted either at the time the Option is granted or at any
time thereafter