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Exhibit 10.1
RESTRICTED STOCK
AWARD AGREEMENT
THIS AGREEMENT, is made as of
November 18, 2005, and is between JO-ANN STORES, INC., an Ohio
corporation (the “Company”), and (the
“Employee”).
1. Award of Restricted
Stock . Pursuant to the terms of the Company’s 1998
Incentive Compensation Plan (the “Plan”), the Employee
is hereby granted a Restricted Stock Award with respect to Common
Shares, without par value, of the Company (the
“Shares”).
2. Restrictions . The
Employee hereby accepts the Restricted Stock Award and agrees that
the Shares shall be subject to the following restrictions:
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a.
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The Employee shall not sell, assign, transfer,
pledge, hypothecate, or otherwise dispose of the Shares until the
restrictions lapse; and
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b.
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The Employee shall forfeit all of his or her
right to the Shares and shall deliver to the Company the
certificate(s) representing the Shares unless the Employee remains
in the
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