Company: SXTPW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003343
Chunk: 871

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 2
Chunk 871
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. Subject to the provisions of the 2022 Plan, the administrator determines the other terms of options.

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Stock Appreciation Rights

Stock appreciation rights may be granted under
the 2022 Plan. Stock appreciation rights allow the recipient to receive the appreciation in the fair market value of our common stock
between the exercise date and the date of grant. Stock appreciation rights may not have a term exceeding 10 years. After the termination
of service of an employee, director or consultant, they may exercise their stock appreciation right for the period of time stated in
their stock appreciation right agreement. In the absence of a specified time in an award agreement, if termination is due to death or
disability, the stock appreciation rights will remain exercisable for six months. In all other cases, in the absence of a specified time
in an award agreement, the stock appreciation rights will remain exercisable for three months following the termination of service. However,
in no event may a stock appreciation right be exercised later than the expiration of its term. Subject to the provisions of the 2022
Plan, the administrator determines the other terms of stock appreciation rights, including when such rights become exercisable and whether
to pay any increased appreciation in cash or with shares of our common stock, or a combination thereof, except that the per share exercise
price for the shares to be issued pursuant to the exercise of a stock appreciation right will be no less than 100% of the fair market
value per share on the date of grant.

Restricted Stock

Restricted stock may be granted under the 2022
Plan. Restricted stock awards are grants of shares of our common stock that vest in accordance with terms and conditions established
by the administrator. The administrator will determine the number of shares of restricted stock granted to any employee, director or
consultant and, subject to the provisions of the 2022 Plan, will determine the terms and conditions of such awards. The administrator
may impose whatever conditions to vesting it determines to be appropriate (for example, the administrator may set restrictions based
on the achievement of specific performance goals or continued service to us); provided, however, that the administrator, in its sole
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