RESTRICTED STOCK AWARD AGREEMENT

Exhibit 10.1

Form Agreement

Time and Performance Vesting

QC HOLDINGS, INC.

RESTRICTED STOCK AWARD AGREEMENT

THIS RESTRICTED STOCK AWARD AGREEMENT (this “Agreement” ), dated as of              , 200    (the “Grant Date”), is made between QC Holdings, Inc., a Kansas corporation (the “Company” ), and                      , an employee of the Company or a subsidiary of the Company ( “Participant” ).

RECITALS:

1. The Company has adopted the 2004 Equity Inventive Plan (the “Plan” ), which was approved by the stockholders of the Company on July 7, 2004.

2. The Plan provides, among other things, for the grant of restricted stock awards by the Compensation Committee of the Board of Directors of the Company (the “Committee” ) to eligible employees of the Company or any subsidiary in accordance with the terms and provisions of the Plan.

3. The Committee considers Participant to be an employee who is eligible for a grant of restricted stock pursuant to the Plan, and has determined that it is in the interests of the Company to grant restricted stock to Participant, subject to the terms and conditions set forth in this Agreement and the Plan.

4. Participant wishes to accept this award of restricted stock, subject to the terms and conditions set forth in this Agreement and the Plan.

AGREEMENTS:

NOW, THEREFORE, the parties agree as follows:

1. Incorporation of the Plan. Participant acknowledges receipt of a copy of the Plan and agrees to be bound by all of the terms and provisions of the Plan. The Plan is incorporated in this Agreement by reference, and all terms, conditions and provisions contained in the Plan are deemed to be contained in this Agreement. Any conflict between the terms of this Agreement and the terms of the Plan will be resolved by the Committee, whose determination will be final and binding on all parties. In general, and except as otherwise determined by the Committee, the provisions of the Plan will supersede the provisions of this Agreement to the extent of any conflict between the Plan and this Agreement. Capitalized terms used in this Agreement have the meanings given those terms in the Plan unless otherwise defined in this Agreement or unless the context requires otherwise.

2. Restricted Stock Award. The Committee awards to Participant              [              ] shares of Common Stock of the Company, par value $0.01 per share ( “Common Stock” ), subject to the terms, conditions and restrictions set forth in this Agreement and the Plan (the “Restricted Stock” ).

3. Restrictions. The Restricted Stock is restricted in that Participant may not sell, assign, margin, transfer, encumber, convey, give, alienate, hypothecate, pledge or otherwise dispose of any shares of Restricted Stock, except a transfer by will or the laws of descent and distribution, until the restrictions

are removed or expire as described in Section 4 . Any attempt to sell, assign, margin, transfer, encumber, convey, give, alienate, hypothecate, pledge or otherwise dispose of the shares of Restricted Stock, while restricted, will be void and ineffective, will give no right to any purported transferee, and may, at the discretion of the Committee, result in forfeiture of those shares of Restricted Stock.

4. Vesting. Throughout the time Participant remains continuously employed by the Company or a Subsidiary,              shares of Restricted Stock awarded under this Agreement will vest ( “Time Vested Shares” ) in accordance with the following table:

If Participant remains continuously employed by the Company or a Subsidiary through [*insert performance vesting period                              *],              shares of Restricted Stock awarded under this Agreement will vest ( “Performance Vested Shares” ) in accordance with the following terms:

[*Insert applicable terms for performance-based vesting*]

The Time Vested Shares and the Performance Vested Shares are collectively referred to as the “Vested Shares.”

The shares of Restricted Stock that have not vested (“Unvested Shares”) will remain subject to forfeiture.

5. Issuance of Shares.

(a) Unvested Shares . The Company will cause the Restricted Stock to be issued in the name of Participant, either by book-entry registration or issuance of a stock certificate or certificates evidencing the Restricted Stock, which certificate or certificates will be held by the Secretary of the Company, the stock transfer agent or brokerage service selected by the Secretary of the Company to provide those services for the Plan. The shares of Restricted Stock will be restricted from transfer and may be subject to an appropriate stop-tran