Company: PTPI
Filing Date: 2025-03-14
Form Type: PRER14A
Source: 0001104659-25-024012
Chunk: 104

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-03-14
Form: PRER14A
Chunk 104
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409A of the Code. If a distribution is delayed pursuant
to section 409A of the Code, the distribution shall be paid within 15 days after the end of the six-month period. If the Participant
dies during such six-month period, any postponed amounts shall be paid within 90 days of the Participant’s death. The determination
of Key Employees, including the number and identity of persons considered Key Employees and the identification date, shall be made by
the Committee or its delegate each year in accordance with section 416(i) of the Code and the “specified employee” requirements
of section 409A of the Code.

(iv) Notwithstanding
anything in the Plan or any Award agreement to the contrary, each Participant shall be solely responsible for the tax consequences of
Awards under the Plan, and in no event shall the Company or any subsidiary or affiliate of the Company have any responsibility or liability
if an Award does not meet any applicable requirements of section 409A of the Code. Although the Company intends to administer the Plan
to prevent taxation under section 409A of the Code, the Company does not represent or warrant that the Plan or any Award complies with
any provision of federal, state, local or other tax law.

(g) . The Board may from time to time establish one or more sub- plans under the Plan for purposes of satisfying applicable
blue sky, securities or tax laws of various jurisdictions. The Board shall establish such sub-plans by adopting supplements to the Plan
setting forth (i) such limitations on the Committee’s discretion under the Plan as the Board deems necessary or desirable
and (ii) such additional terms and conditions not otherwise inconsistent with the Plan as the Board shall deem necessary or desirable.
All supplements adopted by the Board shall be deemed to be part of the Plan, but each supplement shall apply only to Participants within
the affected jurisdiction and the Employer shall not be required to provide copies of any supplement to Participants in any jurisdiction
that is not affected.

<div align='center'>C-13</div>

(h) . Subject to the requirements of applicable law, the Committee may provide in any Award Agreement that, if a Participant breaches
any restrictive covenant agreement between the Participant and the Employer (which may be set forth in any Award Agreement) or otherwise
engages in activities that constitute Cause either while employed by, or providing service to, the Employer or within the applicable
period of time thereafter, all Awards held by the Participant shall terminate, and the Company may resc