Company: PTPI
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001104659-25-025104
Chunk: 103

Company: Petros Pharmaceuticals, Inc.
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 103
---
 subject to section 16 of the Exchange Act, it is the intent of the Company that the Plan and all transactions under
the Plan comply with all applicable provisions of Rule 16b-3 or its successors under the Exchange Act. In addition, it is the intent
of the Company that Incentive Stock Options comply with the applicable provisions of section 422 of the Code, and that, to the extent
applicable, Awards comply with the requirements of section 409A of the Code. To the extent that any legal requirement of section 16 of
the Exchange Act or section 422, or 409A of the Code as set forth in the Plan ceases to be required under section 16 of the Exchange
Act or section 422 or 409A of the Code, that Plan provision shall cease to apply. The Committee may revoke any Award if it is contrary
to law or modify an Award to bring it into compliance with any valid and mandatory government regulation. The Committee may also adopt
rules regarding the withholding of taxes on payments to Participants. The Committee may, in its sole discretion, agree to limit
its authority under this Section.

(ii) The
Plan is intended to comply with the requirements of section 409A of the Code, to the extent applicable. Each Award shall be construed
and administered such that the Award either (A) qualifies for an exemption from the requirements of section 409A of the Code or
(B) satisfies the requirements of section 409A of the Code. If an Award is subject to section 409A of the Code, (I) distributions
shall only be made in a manner and upon an event permitted under section 409A of the Code, (II) payments to be made upon a termination
of employment or service shall only be made upon a “separation from service” under section 409A of the Code, (III) unless
the Award Agreement specifies otherwise, each installment payment shall be treated as a separate payment for purposes of section 409A
of the Code, and (IV) in no event shall a Participant, directly or indirectly, designate the calendar year in which a distribution
is made except in accordance with section 409A of the Code.

(iii) Any
Award that is subject to section 409A of the Code and that is to be distributed to a Key Employee (as defined below) upon separation
from service shall be administered so that any distribution with respect to such Award shall be postponed for six months following the