SEC Contract Filing

Filing Date: 2023-12-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>tm2332768d1_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.2</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">For US Director</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VYNE Therapeutics Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Share Option Grant Notice<BR>
(2023 Equity Incentive Plan)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">VYNE Therapeutics Inc. (formerly Menlo Therapeutics
Inc.) (the &quot;<B><I>Company</I></B>&quot;), pursuant to its 2023 Equity Incentive Plan (the &quot;<B><I>Plan</I></B>&quot;), hereby
grants to Optionholder an option to purchase the number of Shares set forth below. This option is subject to all of the terms and conditions
as set forth in this Share Option Grant Notice, in the Option Agreement, the Plan and the Notice of Exercise, all of which are attached
hereto and incorporated herein in their entirety. Capitalized terms not explicitly defined herein but defined in the Plan or the Option
Agreement will have the same definitions as in the Plan or the Option Agreement. If there is any conflict between the terms in this Share
Option Grant Notice and the Plan, the terms of the Plan will control.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 80%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
 <TR STYLE="vertical-align: top">
 <TD STYLE="width: 61%; font-size: 10pt">Optionholder:</TD>
 <TD STYLE="border-bottom: Black 1pt solid; width: 39%">&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="font-size: 10pt">Date of Grant:</TD>
 <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="font-size: 10pt">Vesting Commencement Date:</TD>
 <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="font-size: 10pt">Number of Shares Subject to Option:</TD>
 <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="font-size: 10pt">Exercise Price (Per Share):</TD>
 <TD STYLE="border-bottom: Black 1pt solid"></TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="font-size: 10pt">Total Exercise Price:</TD>
 <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
 <TR STYLE="vertical-align: top">
 <TD STYLE="font-size: 10pt">Expiration Date:</TD>
 <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
 </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Type of Grant:</B></FONT><B>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B><FONT STYLE="font-size: 10pt">Non-Qualified
Share Option</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exercise Schedule</B>: Same as Vesting Schedule</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-indent: -1.25in"><B>Vesting Schedule</B>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">[insert], subject to Optionholder's Continuous Service through each
such date; provided however, that the Award shall vest in full upon a Change in Control.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>Payment:</B></TD><TD>By one or a combination of the following items (described
 in the Option Agreement):</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">By
cash, check, bank draft or money order payable to the Company</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">Pursuant
to a Regulation T Program if the Shares are publicly traded</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">By
delivery of already-owned Shares if the Shares are publicly traded</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 10pt">If
and only to the extent this option is a Nonstatutory Share Option, and subject to the Company&rsquo;s consent at the time of exercise,
by a &ldquo;net exercise&rdquo; arrangement</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Additional Terms/Acknowledgements</B>: Optionholder
acknowledges receipt of, a