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                                                                     EXHIBIT 4.3

                           SIZZLER INTERNATIONAL, INC.

                         2001 AMG RESTRICTED STOCK PLAN

       1. Purpose of Plan. The purpose of this 2001 AMG Restricted Stock Plan
("Plan") of Sizzler International, Inc., a Delaware corporation (the "Company"),
is to enable the Company and its subsidiaries to attract, retain and motivate
employees within the Company's Australian division by providing for or
increasing the proprietary interests of such persons in the Company. This Plan
provides for the sale of Restricted Shares (as hereinafter defined) to eligible
Plan participants.

       2. Certain Definitions. As used in this Plan, the following terms shall
have the meanings indicated:

              (a) "AMG" means Australian Management Group, consisting of the
       Senior Management Group and the Selected Employees and "AMG Member"
       refers to any individual that is a member of any such group.

              (b) "Business" means the KFC(R) restaurant and Sizzler(R)
       businesses in Australia.

              (c) "CFG" means Collins Foods Group Pty. Ltd., a Queensland
       company and a subsidiary of the Company.

              (d) "Change of Control Event" means the first to occur of the
       following:

                     (i) the date of dissemination to the stockholders of the
              Company of a proxy statement seeking stockholder approval of a
              reorganization, merger, or consolidation of the Company as a
              result of which the outstanding securities of the class then
              subject to this Plan are exchanged for or converted into cash,
              property, and/or securities not issued by the Company, unless such
              reorganization, merger, or consolidation shall have been
              affirmatively recommended to the stockholders of the Company by
              the Board;

                     (ii) the first date of public announcement that any person
              or entity, together with all Affiliates and Associates (as such
              capitalized terms are defined in Rule 12b-2 promulgated under the
              1934 Act) of such person or entity, shall have become, or shall
              intend to become, or shall have commenced a tender offer or
              exchange offer the consummation of which would result in such
              person or entity becoming, the Beneficial Owner (as defined in
              Rule 13d-3 promulgated under the 1934 Act) of voting securities of
              the Company representing 25% or more of the voting power of the
              Company, provided, however, that the terms "person" and "entity,"
              as used in this subsection (ii), shall not include (a) the Company
              or any of its subsidiaries, (b) any employee benefit plan of the
              Company or any of its subsidiaries, (c) any entity holding voting
              securities of the Company for or pursuant to the terms of any such
              plan,

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              (d) any person or entity who or which, together with all
              Affiliates and Associates of such person or entity is, on the date
              of adoption of this Plan by the Board, the Beneficial Owner of
              voting securities of the Company representing 15% or more of the
              voting power of the Company, or (e) any Affiliate or Associate of
              any person or entity described in (d) above;

                     (iii) the first date upon which directors of the Company
              who were nominated by the Board for election as directors shall
              cease to constitute a majority of the authorized number of
              directors of the Company; or

                     (iv) the date of dissemination to the stockholders of the
              Company of a proxy statement disclosing a change of control of the
              Company.

              (e) "Collins Foods Share Option Plan" means the Collins Foods
       Share Option Plan of CFG.

              (f) "Committee" shall have the meaning ascribed to it in Section 7
       hereof.

              (g) "Common Share" shall mean a share of the common stock, par
       value $.0l per share, of the Company.

              (h) "Exchange Act" means the Securities Exchange Act of 1934, as
       amended.

              (i) "Non-Approved Non-Exempt Plan" means any stock option or
       purchase plan of the Company, or any other arrangement by the Company,
       pursuant to which officers or directors of the Company may acquire stock
       of the Company, other than any such plan or arrangement that has been
       approved by the stockholders of the Company or with respect to which
       shareholder approval is not required under Section 312.03(a)(1), (2) or
       (3) of the rules of the New York Stock Exchange.

              (j) "Non-Employee Director" means any director of the Company that
       is a Non-Employee Director as defined in Rule 16b-3(b)(3) under the
       Exchange Act.

              (k) "Options" means Share Options and Productivity Bonus Options.

              (l) "Productivity Bonus Options" means options granted under the
       Productivity Bonus Option Plan.

              (m) "Productivity Bonus Option Plan" means the Productivity Bonus
       Option Plan of CFG.

              (n) "Restricted Share" shall mean a Common Share sold under this
       Plan that is subject to the restrictions imposed pursuant to Section 6
       hereof and such additional restrictions as may be imposed under this Plan
       by the Committee.


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              (o) "Selected Employees" means those district managers and head
       office personnel as are selected by the Senior Management Group to
       participate in AMG.

              (p) "Senior Management Group" means Kevin W. Perkins, Lynne Grace,
       James Ryan, Simon Perkins, Ross Brown, John Hands, Pam Martin, James
       Misakian, David Nash and Jeremy Ryland.

              (q) "Share Options" means options granted under the Collins Foods
       Share Option Plan.

              (r) "Trigger Date" means the earliest date on which a Trigger
       Event takes place.

              (s) "Trigger Event" means either of the following:

                     (1)    A change in control of CFG (other than as a result
                            of any change in the beneficial ownership of the
                            Company itself) as the result of a transaction where
                            shares representing 50% or more of the voting power
                            of CFG are transferred to an entity which is not
                            affiliated with the Company, otherwise than for the
                            purposes of an internal corporate restructure; or

                     (2)    A sale of all or substantially all CFG's business
                            assets, otherwise than for the purposes of an
                            internal corporate restructure.

              but does not include reference to a collateralization of the
              Business or a lien on CFG's capital stock as part of a bona fide
              financing or refinancing transaction.

       3. Common Shares Subject to Plan. The maximum number of Common Shares
that may be sold as Restricted Shares under this Plan in the aggregate is
400,000, subject to adjustment as provided in Section 9 hereof. Notwithstanding
anything to the contrary in this Plan, no Employee who is an officer or director
of the Company may acquire under this Plan more than one percent (1%) of the
Company's Common Shares outstanding at the time this Plan is adopted, and this
Plan (together with all other Non-Approved Non-Exempt Plans) does not authorize
the issuance of more than five percent (5%) of the Company's Common Shares
outstanding at the time this Plan is adopted.

       4. Persons Eligible under Plan. Any person employed by the Company or any
of its subsidiaries on a salaried basis who is an AMG Member, including any
director who is so employed (an "Employee"), shall be eligible to be considered
for the sale of Restricted Shares under this Plan.

       5. Sales Cut-Off Date. Restricted Shares may not be sold under this Plan
after August 21, 2003.


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       6. Restricted Shares.

              (a) Restricted Shares may be sold under this Plan to any Employee
       for an amount that is not less than the aggregate par value of such
       shares, which amount shall be paid in full in cash on the date of such
       sale.

              (b) Except to the extent provided in the Employee's Restricted
       Stock Agreement concerning permitted transfers to certain family members
       or trusts, no Restricted Shares sold under this Plan may be sold,
       assigned, conveyed, gifted, pledged, transferred, hypothecated, or
       otherwise disposed of by the purchaser of such shares.

              (c) Upon each sale of Restricted Shares under this Plan the
       Committee shall, on behalf of the Company, enter into, execute and
       deliver to the purchaser of such shares an agreement of purchase and sale
       containing the terms and conditions of such sale (the "Restricted Stock
       Agreement"). Each Restricted Stock Agreement shall have attached as an
       exhibit thereto a lapsing schedule that specifies, for each anniversary
       of the date of such sale, criteria governing the termination of
       restrictions and the percentage of shares eligible for such termination
       of restrictions on such anniversary (the "Lapsing Schedule"). If the
       criteria indicated on such Lapsing Schedule for any anniversary shall be
       satisfied in full on such anniversary, then all restrictions imposed upon
       such shares under this Plan, including the restrictions imposed pursuant
       to subsection (b) above, shall thereupon terminate with respect to the
       percentage of such shares indicated on such Lapsing Schedule for such
       anniversary.

              (d) Restrictions imposed upon Restricted Shares sold under this
       Plan, including the restrictions imposed pursuant to subsection (b)
       above, that have not theretofore terminated pursuant to subsection (c)
       above shall terminate as follows:

                     (i) If the purchaser of any Restricted Shares dies, then
              all restrictions on the Restricted Shares held by such purchaser
              at the date of such purchaser's death shall terminate as of such
              date; and

                     (ii) If the purchaser of any Restricted Shares becomes
              totally disabled, then all restrictions on the Restricted Shares
              held by such purchaser at the date of such disability shall
              terminate as of such date.

       7. Administration of Plan. This Plan shall be administered by a committee
of the Board of Directors of the Company (the "Board"). So long as the Board
consists of at least two Non-Employee Directors, the Committee shall consist of
two or more Non-Employee Directors (the "Committee"), who shall serve at the
pleasure of the Board. On behalf of the Company, and subject to the provisions
of this Plan, the Committee shall be authorized and empowered to do all things
necessary or desirable in connection with the administration of this Plan,
including, without limitation, the following:

              (a) adopt, amend, and rescind rules and regulations relating to
       this Plan;


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              (b) determine which persons meet the requirements of Section 4
       hereof for eligibility under this Plan, and to which of such eligible
       persons, if any, Restricted Shares shall be sold under this Plan;

              (c) sell Restricted Shares under this Plan, determine the terms
       and conditions to be included in the Restricted Stock Agreements,
       including the number of shares, the restrictions to be imposed upon such
       shares, the criteria and percentages of shares to be specified in the
       Lapsing Schedules, and any other terms and conditions deemed necessary or
       desirable, determine the permissible forms of payment of any income taxes
       required to be withheld by the Company as a result of such sales;

              (d) determine whether, and the extent to which, adjustments are
       required under Section 9 hereof; and

              (e) construe this Plan and the terms, conditions and restrictions
       of any Restricted Shares, and the Restricted Stock Agreements with
       respect to such Restricted Shares.

Neither the members of the Board nor any member of the Committee shall be liable
for any act, omission, or determination taken or made in good faith with respect
to the Plan or any share of stock granted or sold under it, and members of the
Board and the Committee shall be entitled to indemnification and reimbursement
by the Company in respect of any claim, loss, damage, or expense (including
attorneys' fees, the costs of settling any suit, provided such settlement is
approved by independent legal counsel selected by the Company, and amounts paid
in satisfaction of a judgment, except a judgment based on a finding of bad
faith) arising therefrom to the full extent permitted by law and under any
directors and officers liability or similar insurance coverage that may from
time to time be in effect.

       8. Payment of Income Taxes. If the Company is required to withhold an
amount on account of any federal or state income tax imposed as a result of the
sale of any Restricted Shares under this Plan, the purchaser or optionee shall,
concurrently with such withholding, pay such amount to the Company in full in
cash.

       9. Adjustments. If the outstanding securities of the class then subject
to this Plan are increased, decreased or exchanged for or converted into cash,
property and/or a different number or kind of securities, or if cash, property,
and/or securities are distributed in respect of such outstanding securities, in
either case as a result of a reorganization, merger, or consolidation that shall
not have been affirmatively recommended to the stockholders of the Company by
the Board, or as a result of a recapitalization, reclassification, dividend
(other than a regular, quarterly cash dividend) or other distribution, stock
split, reverse stock split, or the like, then, unless such event shall cause
this Plan to terminate pursuant to Section 11(b) hereof, the Committee shall
make appropriate and proportionate adjustments in the following:

              (a) the maximum number and type of shares or other securities that
       may thereafter be sold under this Plan; and



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              (b) the number and type of securities thereafter subject to the
       restrictions previously imposed upon other securities under this Plan.

       10. Acceleration. All restrictions imposed upon Restricted Shares shall
terminate upon the first to occur of the following (the "Acceleration Date"):

              (a) the occurrence of a Trigger Event;

              (b) the exercise of at least 80% of all outstanding Options in
       accordance with the Plan pursuant to which such Options were granted
       (provided, however, that no restrictions shall terminate with respect to
       Restricted Shares of a purchaser who does not exercise Options in
       connection with such exercise); or

              (c) a Change of Control Event.

       11. Term of Plan. This Plan shall become effective on March 26, 2001 (the
"Effective Date") and shall terminate upon the first to occur of the following:

              (a) the dissolution or liquidation of the Company;

              (b) a reorganization, merger, or consolidation of the Company as a
       result of which the outstanding securities of the class then subject to
       this Plan are exchanged for or converted into cash, property, and/or
       securities not issued by the Company, which reorganization, merger, or
       consolidation shall have been affirmatively recommended to the
       stockholders of the Company by the Board;

              (c) a sale of substantially all of the property and assets of the
       Company; or

              (d) the date on which there shall cease to be any Restricted
       Shares issuable under this Plan and all restrictions on any theretofore
       issued Restricted Shares shall have lapsed.

       12. Amendment of Plan. The Board may alter, amend, suspend, or terminate
this Plan, provided that no such action shall deprive the purchaser of any
Restricted Shares, without the consent of such purchaser, of such Restricted
Shares or of any rights of such person thereunder or with respect thereto.

       13. Legal Restrictions. Nothing herein, in any agreement entered into
hereunder, or in any right granted hereunder shall require the Company to sell
any Restricted Shares if such sale or issuance would, in the opinion of counsel
for the Company, constitute a violation of the Securities Act of 1933, as
amended, or any similar or superseding statute or statutes, or any applicable
statute or regulation, as then in effect. At the time of any sale of Restricted
Shares, the Company may, as a condition precedent to the sale of such stock,
require from the holder of the stock (or in the event of his death, his legal
representatives, legatees, or distributees, or in the event of a Qualified
Domestic Relations Order, his alternate payee) such written representations, if
any, concerning his (or the transferee's) intentions with regard to the
retention or disposition of the Common Shares being acquired by purchase of such
Restricted Shares or exercise of such option or

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right and such written covenants and agreements, if any, as to the manner of
disposal of such Common Shares as, in the opinion of counsel to the Company, may
be necessary to ensure that any disposition by such holder (or in the event of
his death, his legal representatives, legatees, or distributees, or in the event
of a Qualified Domestic Relations Order, his alternate payee), will not involve
a violation of the Securities Act of 1933, as amended, or any similar or
superseding statute or statutes, or any other applicable state or federal
statute or regulation, as then in effect. Certificates for Common Shares, when
issued, shall have appropriate legends, or statements of other applicable
restrictions, endorsed thereon, and may or may not be immediately transferable.

       14. Governing Law. All questions arising with respect to the provisions
of the Plan or any Restricted Stock Agreement shall be determined by application
of the laws of the State of Delaware except to the extent Delaware law is
preempted by federal law. The obligation of the Company to sell and deliver
Common Shares hereunder is subject to applicable laws and to the approval of any
governmental authority required in connection with the authorization, issuance,
sale, or delivery of such Common Shares.

       IN WITNESS WHEREOF, the foregoing Plan has been adopted under the
authority of the Board of Directors of the Company as of March 26, 2001.




                                   SIZZLER INTERNATIONAL, INC.,
                                   a Delaware corporation

                                   By:  /s/ Charles L. Boppel
                                        -------------------------------------
                                   Its: President and Chief Executive Officer