Document:

Exhibit 10.2

[[FIRSTNAME]] [[MIDDLENAME]] [[LASTNAME]]

NSO

 

Stock Option Agreement

 

(Nonstatutory Stock Option Granted Under

The Joint Corp. Amended and Restated 2014 Incentive Stock Plan)

 

Subject to the following terms, The Joint Corp., a Delaware corporation
(the Company), grants to the following employee of the Company (Grantee), as of the following grant date (the Grant
Date), an nonstatutory stock option (the Option) to purchase the following number of shares of the Company’s common
stock, par value $.001 per share (the Option Shares), at the following purchase price per share (the Exercise Price),
exercisable in installments in accordance with the following vesting schedule, subject to expiration on the following expiration
date (the Expiration Date):

 

	Grantee:	 	[[FIRSTNAME]] [[MIDDLENAME]] [[LASTNAME]]
	Grant Date:	 	[[GRANTDATE]]
	Number of Option Shares:	 	[[SHARESGRANTED]]
	Exercise Price:	 	[[GRANTPRICE]]
	Vesting schedule:	 	[[VESTINGTEMPLATEDESC]]
	Expiration Date:	 	[[GRANTEXPIRATIONDATE]]

 

Terms of Option

 

1.       Plan

 

The Option has been granted under the The Joint Corp. Amended and
Restated 2014 Incentive Stock Plan (the Plan), which is incorporated in this Agreement by reference. Capitalized terms used
in this Agreement without being defined (for example, the term “Committee”) have the same meanings that they have in
the Plan.

 

2.       Vesting and Exercisability

 

The Option may be exercised in whole or in part at any time prior
to its Expiration Date to the extent that it is vested at the time of exercise. Any vested portion of the Option that remains unexercised
shall expire on the Option’s Expiration Date, subject to earlier expiration as provided in Paragraph 5 of this Agreement.

 

Any unvested portion of the Option shall expire on Grantee’s
Termination Date unless Grantee’s Termination occurs by reason of his or her death, in which case the Option shall become
fully vested as of Grantee’s Termination Date.

     

     

    

Notwithstanding anything to the contrary in Article 8 of the Plan,
the Option shall become fully vested upon the occurrence of both:

 

(a) a Change in Control, and

 

(b) (i) A Termination by the Company of Grantee for a reason other
than Cause during the Window Period or (ii) a Termination by Grantee for Good Reason during the Window Period.

 

“Cause” means any one or more of the following: (i) the
commission of any crime involving dishonesty, breach of trust or physical harm to any person, (ii) willfully engaging in conduct
that is in bad faith or injurious to the Company or its business (including, for example, fraud or embezzlement), (iii) gross misconduct,
whether personal or professional, which could cause harm to the business or reputation of the Company, (iv) failure to comply with
the significant provisions of the Company’s policies as specified in the Employee Handbook or Code of Ethics, or as otherwise
adopted by the board of directors then in effect, (v) willful and material failure to perform or observe, or gross negligence in
the performance of, Grantee’s job, including the failure to follow the reasonable written directions of the person to whom
Grantee reports, or (vi) any breach of covenants of confidentiality, non-competition, non-solicitation or other covenants Grantee
has agreed to with the Company.

 

“Good Reason” means one or more of the following: (i)
a material reduction during the Window Period of Grantee’s compensation where the Company has not implemented an across-the-board
reduction in compensation; (ii) the relocation during the Window Period (without Grantee’s prior written consent) of Grantee’s
primary work site to a location greater than seventy five (75) miles from Grantee’s work site; or (iii) a material reduction
during the Window Period of Grantee’s duties (without Grantee’s prior written consent) from those in effect prior to
the Window Period.

 

“Window Period” means a period beginning thirty (30)
calendar days prior to the date the Change of Control is effected, and ending on the one-year anniversary of the date the Change
of Control is effected.

 

3.       Manner of Exercise

 

The Option may be exercised in respect of a whole number of Option
Shares (and only in respect of a whole number) by:

 

(a)       written
notice of exercise to the Committee (or the Committee’s designee) at the Company’s principal executive offices which
is received prior to the Option’s Expiration Date; together with

 

(b)       full payment
of the Exercise Price of the Option Shares in respect of which the Option is exercised; and

 

(c)       full payment
of an amount equal to the Company’s federal, state and local withholding tax obligation, if any, in connection with the Option’s
exercise.

 

In addition, the exercise of the Option shall be subject to any procedures
and policies in effect at the time of exercise that the Committee has adopted to administer the Plan.

     

     

    

4.       Manner of Payment

 

Grantee’s payment of the Exercise Price of the Option Shares
in respect of which the Option is exercised, and his or her payment of the Company’s withholding tax obligation, if any,
in connection with the exercise, shall be made by check or by a wire transfer of immediately available funds.

 

Payment also may be made by means of a “cashless” net
exercise through a broker approved by the Plan Administrator for the purpose, pursuant to which the full amount due to the Company
is remitted directly by the broker from the net proceeds of the sale of a sufficient number of Option Shares. Payment may also
be made in any other manner authorized by the Plan and specifically permitted by the Board at the time of exercise.

 

5.       Early Expiration of
Vested Portion of Option

 

The vested portion of the Option shall expire as follows:

 

(a) if Grantee incurs a Termination by reason of his or her death,
the Option shall expire on the earlier of the first anniversary of Grantee’s Termination Date or the Option’s Expiration
Date; and

 

(b)       if Grantee incurs a
Termination for any reason other than Grantee’s death, the Option shall expire on the earlier of 90 days after Grantee’s
Termination Date or the Option’s Expiration Date.

 

In any case, the exercisability of the Option may be extended by
the Committee, in the Committee’s sole discretion, to any date ending on or before the Option’s Expiration Date.

 

6.       Confidentiality and
Nonsolicitation Agreement

 

This Agreement and the grant of the Option are subject to Grantee’s
(i) entering into the confidentiality and nonsolicitation agreement which has been provided to Grantee if Grantee has not previously
entered into such agreement in connection with Grantee’s receipt of an Award under the Plan (the Nonsolicitation Agreement)
or (ii) Grantee’s reaffirmation of the Nonsolicitation Agreement that Grantee previously entered into in connection with
Grantee’s receipt of an Award under the Plan.  The Company would not have granted the Option to Grantee without Grantee’s
entering into or reaffirming the Nonsolicitation Agreement.

 

7.       Transferability

 

The Option may not be transferred, assigned or pledged (whether by
operation of law or otherwise), except (i) as provided by will or the applicable laws of intestacy or (ii) in accordance with Section
5.5 of the Plan. The Option shall not be subject to execution, attachment or similar process.

     

     

    

8.       Interpretation

 

This Agreement is subject to the terms of the Plan, as the Plan may
be amended, but except as required by applicable law, no amendment of the Plan after the Grant Date shall adversely affect Grantee’s
rights in respect of the Option without Grantee’s consent.

 

If there is a conflict or inconsistency between this Agreement and
the Plan, the terms of the Plan shall control. Notwithstanding the foregoing, in the case of the inconsistency between Section
2 of this Agreement and Article 8 of the Plan, Section 2 of this Agreement shall control. The Committee’s interpretation
of this Agreement and the Plan shall be final and binding.

 

9.       No Right to Employment

 

Nothing in this Agreement shall be considered to confer on Grantee
any right to continue to be employed by the Company or a Subsidiary or to limit the right of the Company or a Subsidiary to terminate
such employment.

 

10.       No Stockholder Rights

 

Grantee shall not have any rights as a stockholder of the Company
in respect of any of the Option Shares unless and until Option Shares are issued to Grantee following his or her exercise of the
Option.

 

11.       Governing Law

 

This Agreement shall be governed in accordance with the laws of the
State of Arizona.

 

12.       Binding Effect

 

This Agreement shall be binding on the Company and its successors
and on Grantee and Grantee’s heirs, legatees and legal representatives.

 

13.       Effective Date

 

This Agreement shall not become effective until Grantee’s acceptance
of this Agreement and the acceptance or reaffirmation of the Nonsolicitation Agreement. Upon Grantee’s acceptance of this
Agreement and the acceptance or reaffirmation of the Nonsolicitation Agreement, this Agreement shall become effective, retroactive
to the Grant Date, without the necessity of further action by either the Company or Grantee.

 

     

     

    

	 	The Joint Corp.
	 	 	 	 
	 	By	 	 
	 	 	 	Peter D. Holt
	 	 	 	President & Chief Executive Officer

 

Acceptance by Grantee

 

I accept this Stock Option Agreement and agree to be bound by all
of its terms. I acknowledge receipt of a copy of the Plan and I (i) agree to enter into the Nonsolicitation Agreement, a copy of
which I acknowledge receipt, if I have not previously entered into such agreement in connection with the receipt of an Award under
the Plan or (ii) reaffirm the Nonsolicitation Agreement that I have previously entered into in connection with the receipt of an
Award under the Plan.

 

       

	 	 
	 	[[FIRSTNAME]] [[MIDDLENAME]] [[LASTNAME]]
	 	 
	 	 
	 	Grantee’s address:
	 	[[RESADDR1]] [[RESADDR2]] [[RESADDR3]]
	 	[[RESCITY]], [[RESSTATEORPROV]] [[RESPOSTALCODE]]
	 	[[RESCOUNTRY]]Exhibit 10.3

 

[[FIRSTNAME]] [[MIDDLENAME]] [[LASTNAME]]

 

 

Restricted Stock Award

 

(The Joint Corp. Amended and Restated 2014 Incentive Stock Plan)

 

 

Subject to the following terms, The Joint Corp., a Delaware corporation
(the Company), grants to the following employee of the Company (Grantee), as of the following grant date (the Grant
Date), the following number of restricted shares (the Restricted Shares), which will become vested in accordance with
the following vesting schedule, subject to expiration prior to vesting in accordance with the terms of this Award:

 

	Grantee:	 	[[FIRSTNAME]] [[MIDDLENAME]] [[LASTNAME]]
	 	 	 
	Grant Date:	 	[[GRANTDATE]]
	 	 	 
	Number of Restricted Shares:	 	[[SHARESGRANTED]]
	 	 	 
	Vesting Schedule:	 	[[VESTINGTEMPLATEDESC]]

 

 

Terms of Award

 

1.       Plan

 

This Award has been granted under The
Joint Corp. Amended and Restated 2014 Incentive Stock Plan (the Plan), which is incorporated in this Award by reference.
Capitalized terms used in this Award without being defined (for example, the term “Plan Administrator”) have the same
meanings that they have in the Plan.

 

2.       Vesting

 

Any unvested portion of the Restricted Shares shall lapse and be
cancelled on Grantee’s Termination Date unless Grantee’s Termination occurs by reason of his or her death, in which
case the Restricted Shares shall become fully vested as of Grantee’s Termination Date.

 

Notwithstanding anything to the contrary in Article 8 of the Plan,
the Restricted Shares shall become fully vested upon the occurrence of both:

 

(a) a Change in Control, and

 

(b) (i) A Termination by the Company of Grantee for a reason
other than Cause during the Window Period or (ii) a Termination by Grantee for Good Reason during the Window Period.

     

     

    

“Cause” means any one or more of the following:
(i) the commission of any crime involving dishonesty, breach of trust or physical harm to any person, (ii) willfully engaging in
conduct that is in bad faith or injurious to the Company or its business (including, for example, fraud or embezzlement), (iii)
gross misconduct, whether personal or professional, which could cause harm to the business or reputation of the Company, (iv) failure
to comply with the significant provisions of the Company’s policies as specified in the Employee Handbook or Code of Ethics,
or as otherwise adopted by the board of directors then in effect, (v) willful and material failure to perform or observe, or gross
negligence in the performance of, Grantee’s job, including the failure to follow the reasonable written directions of the
person to whom Grantee reports, or (vi) any breach of covenants of confidentiality, non-competition, non-solicitation or other
covenants Grantee has agreed to with the Company.

 

“Good Reason” means one or more of the following:
(i) a material reduction during the Window Period of Grantee’s compensation where the Company has not implemented an across-the-board
reduction in compensation; (ii) the relocation during the Window Period (without Grantee’s prior written consent) of Grantee’s
primary work site to a location greater than seventy five (75) miles from Grantee’s work site; or (iii) a material reduction
during the Window Period of Grantee’s duties (without Grantee’s prior written consent) from those in effect prior to
the Window Period.

 

“Window Period” means a period beginning thirty
(30) calendar days prior to the date the Change of Control is effected, and ending on the one-year anniversary of the date the
Change of Control is effected.

 

3.       Stock Certificates

 

The Company shall be the custodian for all shares of Restricted Shares.
Reasonably promptly following the Grantee’s written request after any unvested Restricted Shares have become vested, the
Company shall issue and deliver to the Grantee a stock certificate in the Grantee name representing those vested Restricted Shares
on the Company’s stock records.

 

4.       Voting and Distributions

 

Grantee shall not have the right to vote Restricted Shares and shall
not be entitled to dividends and distributions in respect of Restricted Shares until the Restricted Shares are vested.

 

5.       Tax Liability

 

Unless Grantee has made a timely election under section 83(b) of
the Code to be taxed as of the Grant Date rather than as the Restricted Shares become vested, the Company shall have the right,
upon the vesting of any Restricted Shares, to deduct or withhold, or require Grantee to remit to the Company, an amount sufficient
to satisfy the federal, state, local and other taxes (including Grantee’s FICA obligation) that the Company is required to
withhold by reason of such vesting.

 

6.       Confidentiality and
Nonsolicitation Agreement

 

This Award and the grant of the Restricted Shares are subject to
Grantee’s (i) entering into the confidentiality and nonsolicitation agreement which has been provided to Grantee if Grantee
has not previously entered into such agreement in connection with Grantee’s receipt of an Award under the Plan (the Nonsolicitation
Agreement) or (ii) Grantee’s reaffirmation of the Nonsolicitation Agreement that Grantee previously entered into in connection
with Grantee’s receipt of an Award under the Plan.  The Company would not have granted the Award to Grantee without
Grantee’s entering into or reaffirming the Nonsolicitation Agreement.

     

     

    

7.       Transferability

 

Any unvested portion of the Restricted Shares may not be sold, transferred,
assigned or pledged (whether by operation of law or otherwise), except as provided by will or the applicable intestacy laws, and
shall not be subject to execution, attachment or similar process. Once vested, any sale, transfer, assignment or pledge of the
Restricted Shares is subject to the restrictions on transfer imposed by any applicable state and federal securities laws.

 

8.       Interpretation

 

This Award is subject to the terms of the Plan, as the Plan may be
amended (but except as required by applicable law, no amendment of the Plan after the Grant Date shall adversely affect Grantee’s
rights in respect of the Award without Grantee’s consent). If there is a conflict or inconsistency between this Award and
the Plan, the terms of the Plan shall control. Notwithstanding the foregoing, in the case of the inconsistency between Section
2 of this Agreement and Article 8 of the Plan, Section 2 of this Agreement shall control. The Plan Administrator’s interpretation
of this Award and the Plan shall be final and binding.

 

9.       No Right to Continued
Employment

 

Nothing in this Award shall be considered to confer on Grantee any
right to continue in the employ of the Company or a Subsidiary or to limit the right of the Company or a Subsidiary to terminate
Grantee’s employment.

 

10.       Governing Law

 

This Award shall be governed in accordance with the laws of the State
of Arizona.

 

11.       Binding Effect

 

This Award shall be binding on the Company and Grantee and on Grantee’s
heirs, legatees and legal representatives.

 

12.       Effective Date

 

This Award shall not become effective until Grantee’s acceptance
of this Award and the acceptance or reaffirmation of the Nonsolicitation Agreement. Upon Grantee’s acceptance of this Award
and the acceptance or reaffirmation of the Nonsolicitation Agreement, this Award shall become effective, retroactive to the Grant
Date, without the necessity of further action by either the Company or Grantee.

     

     

    
	 	The Joint Corp.
	 	 	 	 
	 	By	 	 
	 	 	 	Peter D. Holt
	 	 	 	President & Chief Executive Officer

 

 

 

Acceptance by Grantee

 

I accept this Restricted Shares Award and agree to be bound by all
of its terms. I acknowledge receipt of a copy of the Plan, and I (i) agree to enter into the Nonsolicitation Agreement, a copy
of which I acknowledge receipt, if I have not previously entered into such agreement in connection with the receipt of an Award
under the Plan or (ii) reaffirm the Nonsolicitation Agreement that I have previously entered into in connection with the receipt
of an Award under the Plan.

       

	 	 
	 	[[FIRSTNAME]] [[MIDDLENAME]] [[LASTNAME]]
	 	 
	 	 
	 	Grantee’s address:
	 	[[RESADDR1]] [[RESADDR2]] [[RESADDR3]]
	 	[[RESCITY]], [[RESSTATEORPROV]] [[RESPOSTALCODE]]
	 	[[RESCOUNTRY]]

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