Company: PTPI
Filing Date: 2025-03-07
Form Type: PRE 14A
Source: 0001104659-25-021794
Chunk: 92

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-03-07
Form: PRE 14A
Chunk 92
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 on Stock Awards shall lapse over a period of time or according to such
other criteria as the Committee deems appropriate, including, without limitation, restrictions based upon the achievement of specific
Performance Objectives. The period of time during which the Stock Awards will remain subject to restrictions will be designated in the
Award Agreement as the “.”

(b) . The Committee shall determine the number of shares of Common Stock to be issued or transferred pursuant to a Stock Award
and the restrictions applicable to such shares.

(c) . If the Participant ceases to be employed by, or provide service to, the Employer during a period designated
in the Award Agreement as the Restriction Period, or if other specified conditions are not met, the Stock Award shall terminate as to
all shares covered by the Award as to which the restrictions have not lapsed, and those shares of Common Stock must be immediately returned
to the Company. Subject to the limitations set forth in Section 12, the Committee may, however, provide for complete or partial
exceptions to this requirement as it deems appropriate.

(d) . During the Restriction Period, a Participant may not sell, assign, transfer, pledge
or otherwise dispose of the shares of a Stock Award except under Section 15 below. Unless otherwise determined by the Committee,
the Company will retain possession of certificates for shares of Stock Awards until all restrictions on such shares have lapsed. Each
certificate for a Stock Award, unless held by the Company, shall contain a legend giving appropriate notice of the restrictions in the
Award. The Participant shall be entitled to have the legend removed from the stock certificate covering the shares subject to restrictions
when all restrictions on such shares have lapsed. The Committee may determine that the Company will not issue certificates for Stock
Awards until all restrictions on such shares have lapsed.

(e) . Unless the Committee determines otherwise, during the Restriction Period, the Participant shall
have the right to vote shares of Stock Awards and to receive any dividends or other distributions paid on such shares, subject to any
restrictions deemed appropriate by the Committee, including, without limitation, the achievement of specific Performance Objectives;
provided, however, that dividends shall vest and be paid only if and to the extent that the underlying Stock Award vests and is paid.

(f) . All restrictions imposed on Stock Awards shall lapse upon the expiration of the applicable Restriction Period and
the satisfaction of all conditions, if any, imposed by the Committee. The Committee may determine, as to any or all Stock Awards, that