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RESTRICTED STOCK AWARD AGREEMENT

Stock Restriction Agreement

RESTRICTED STOCK AWARD AGREEMENT | Document Parties: JO-ANN STORES INC You are currently viewing:
This Stock Restriction Agreement involves

JO-ANN STORES INC

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Title: RESTRICTED STOCK AWARD AGREEMENT
Date: 11/23/2005
Industry: Retail (Specialty)     Sector: Services

RESTRICTED STOCK AWARD AGREEMENT, Parties: jo-ann stores inc
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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:

 

a.

 

The Employee shall not sell, assign, transfer, pledge, hypothecate, or otherwise dispose of the Shares until the restrictions lapse; and

 

 

b.

 

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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