Company: PTPI
Filing Date: 2025-03-14
Form Type: PRER14A
Source: 0001104659-25-024012
Chunk: 84

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-03-14
Form: PRER14A
Chunk 84
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 six consecutive months.

(l) “” shall mean an amount determined by multiplying the number of shares of Common Stock subject to a Stock Unit or
Other Stock-Based Award by the per-share cash dividend paid by the Company on its outstanding Common Stock, or the per-share Fair Market
Value of any dividend paid on its outstanding Common Stock in consideration other than cash. If interest is credited on accumulated divided
equivalents, the term “Dividend Equivalent” shall include the accrued interest.

<div align='center'>C-2</div>

(m) “” shall mean December 1, 2020 provided stockholder approval of the Plan is received on or around such date.

(n) “”
shall mean an employee of the Employer (including an officer or director who is also an employee), but excluding any person who is classified
by the Employer as a “contractor” or “consultant,” no matter how characterized by the Internal Revenue Service,
other governmental agency or a court. Any change of characterization of an individual by the Internal Revenue Service or any court or
government agency shall have no effect upon the classification of an individual as an Employee for purposes of this Plan, unless the
Committee determines otherwise.

(o) “” shall mean employment or service as an Employee, Key Advisor or member of the Board
(so that, for purposes of exercising Options and SARs and satisfying conditions with respect to Stock Awards, Stock Units and Other Stock-Based
Awards, a Participant shall not be considered to have terminated employment or service until the Participant ceases to be an Employee,
Key Advisor and member of the Board), unless the Committee determines otherwise. If a Participant’s relationship is with a subsidiary
of the Company and that entity ceases to be a subsidiary of the Company, the Participant will be deemed to cease employment or service
when the entity ceases to be a subsidiary of the Company, unless the Participant transfers employment or service to an Employer.

(p)
“” shall mean the Company and its subsidiaries.

(q)
“” shall mean the Securities Exchange Act of 1934, as amended.

(r) “” shall mean the per share price at which shares of Common Stock may be purchased under an Option, as designated by the
Committee.

(s)
“” shall mean:

(i) If
the Common Stock is publicly traded, the Fair Market Value per share shall be determined as follows: (A) if the principal trading
market for the Common Stock is a national securities exchange, the closing sales price during regular trading hours on the