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                                                                  EXHIBIT 10.42

                                    EMPLOYEE
                        RESTRICTED STOCK AWARD AGREEMENT

                                 PURSUANT TO THE

                TANDY BRANDS ACCESSORIES, INC. 2002 OMNIBUS PLAN

      This EMPLOYEE RESTRICTED STOCK AWARD AGREEMENT is made as of this ____ day
of ___________, __________ (the "Date of Grant"), between Tandy Brands
Accessories, Inc., a Delaware corporation (the "Company"), and ___________, an
employee of the Company or one of its subsidiaries ("Employee").

                              W I T N E S S E T H:

      WHEREAS, the Company desires to carry out the purposes of the Tandy Brands
Accessories, Inc. 2002 Omnibus Plan (the "Plan") by awarding Employee with
shares of the common stock, $1.00 par value per share ("Common Stock"), of the
Company.

      NOW THEREFORE, in consideration of the mutual covenants hereinafter set
forth and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:

      1. Grant of Award. Pursuant to the Plan, the Company hereby grants
_________ shares of Common Stock (the "Restricted Shares") to Employee to be
issued as hereinafter provided in Employee's name subject to certain
restrictions thereon as hereinafter set forth.

      2. Issuance and Delivery of Restricted Shares. The Restricted Shares shall
be issued upon acceptance and execution hereof by Employee and upon satisfaction
of the terms of this Agreement. The certificates representing the Restricted
Shares awarded hereunder shall be held in escrow by the Assistant Secretary of
the Company as provided in Section 10.

      3. Vesting of Restricted Shares. The Restricted Shares shall become fully
vested and shall no longer be subject to forfeiture upon the third anniversary
of the Date of Grant.

      4. Forfeiture of Restricted Shares. Upon Employee's voluntary or
involuntary Termination of Service (as defined in the Plan) for any reason or
for no reason, including, without limitation, upon the death or Total and
Permanent Disability (as defined in the Plan) of Employee, all nonvested
Restricted Shares held by Employee shall, immediately upon the occurrence of
such event, be forfeited and, except as provided in Section 5 below, no
compensation or other amounts shall be paid to Employee with respect thereto.
Such forfeited Restricted Shares shall cease to be outstanding and shall no
longer confer on Employee any rights as a stockholder with respect to the
forfeited Restricted Shares as of the date of forfeiture and upon such
forfeiture, Employee shall cease to have any further rights or claims with
respect to such forfeited Restricted Shares.

      5. Repurchase of Shares in Case of Forfeiture.

            (a) In the event Employee has paid any consideration (such
      consideration hereinafter referred to as the "Purchase Price") to the
      Company for the Restricted Shares, upon Employee's forfeiture of
      Restricted Shares as a result of an event described in Section 4 hereof,
      the Company shall repurchase all of such forfeited Restricted Shares

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      and each such forfeited Restricted Share shall be returned to the Company
      as contemplated by the Plan. The repurchase price of the Restricted Shares
      to be sold to the Company under this Section 5 (the "Repurchase Price")
      shall be equal to the Purchase Price paid by Employee for the Restricted
      Shares that have been forfeited.

            (b) The Company shall repurchase the Restricted Shares as soon as is
      administratively practical (but in any event within five (5) business days
      after the event of forfeiture) by the tender to Employee of the Repurchase
      Price. Tender of the Repurchase Price to Employee shall be effected by
      delivery via certified mail of a check in the amount of the Repurchase
      Price.

            (c) The Repurchase Price shall be paid to Employee only after the
      Company has received from Employee all necessary assignments (including
      the Assignment Separate From Certificate in the form of Exhibit A),
      endorsements, certificates of authority, tax releases, consents to
      transfer, instruments and evidences of title as may be reasonably required
      by the Company and its counsel.

            (d) If the Company (or its assignees) shall make available, at the
      time and place and in the amount and form provided in this Agreement, the
      Repurchase Price for the Restricted Shares to be repurchased in accordance
      with the provisions of this Section 5, then from and after such time, the
      person from whom such Restricted Shares are to be repurchased shall no
      longer have any rights as a holder of such shares (other than the right to
      receive payment of such Repurchase Price in accordance with this Section 5
      and the Plan), and such shares shall be deemed purchased in accordance
      with the applicable provisions hereof and the Company (or its assignees)
      shall be deemed the owner and holder of such Restricted Shares, whether or
      not the certificates therefor have been delivered as required by this
      Agreement.

      6. Restrictions on Transfer.

            (a) The Restricted Shares may not be resold, pledged as security or
      otherwise transferred, assigned or encumbered by Employee prior to the
      date such Restricted Shares are no longer subject to forfeiture, unless
      specifically agreed in writing by the Company.

            (b) Employee hereby agrees that Employee shall make no disposition
      of the Restricted Shares unless and until:

                  (1) The forfeiture restrictions applicable to such Restricted
            Shares have lapsed;

                  (2) Employee shall have notified the Company of the proposed
            disposition and provided a written summary of the terms and
            conditions of the proposed disposition, unless there is then in
            effect a registration statement under the Securities Act of 1933
            (the "Securities Act") covering such proposed disposition and such
            disposition is made in accordance with such registration statement;

                  (3) Employee shall have complied with all requirements of this
            Agreement applicable to the disposition of the Restricted Shares;
            and

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                  (4) If reasonably requested by the Company, Employee shall
            have provided the Company an opinion of counsel in form and
            substance satisfactory to the Company, that (A) the proposed
            disposition does not require registration of the Restricted Shares
            under the Securities Act or (B) all appropriate action necessary for
            compliance with the registration requirements of the Securities Act
            or of any exemption from registration available under the Securities
            Act (including Rule 144) has been taken, provided, however, that in
            no event shall an opinion of counsel be required if there is then in
            effect a registration statement under the Securities Act covering
            such proposed disposition.

            (c) The Company shall not be required (i) to transfer on its books
      any Restricted Shares that have been sold or transferred in violation of
      the provisions of this Section 6, or (ii) to treat as the owner of the
      Restricted Shares, or otherwise to accord voting or dividend rights to,
      any transferee to whom the Restricted Shares have been transferred in
      contravention of this Agreement. References herein to Employee shall
      include, where applicable, a permitted transferee.

      7. Restrictive Legend. In order to reflect the restrictions on transfer of
the Restricted Shares, the stock certificates for the Restricted Shares will be
endorsed with the following legend:

            On the face of the certificate:

            "Transfer of this stock is restricted in accordance with
            conditions printed on the reverse of this certificate."

            On the reverse:

            "The shares of stock evidenced by this certificate are
            subject to and transferable only in accordance with that
            certain Tandy Brands Accessories, Inc. 2002 Omnibus
            Plan, a copy of which is on file at the principal office
            of the Company in Arlington, Texas. No transfer or
            pledge of the shares evidenced hereby may be made except
            in accordance with and subject to the provisions of said
            Plan. By acceptance of this certificate, any holder,
            transferee or pledgee hereof agrees to be bound by all
            of the provisions of said Plan."

      8. Investment Representations. In connection with the grant of the
Restricted Shares, Employee represents to the Company the following:

            (a) Employee is accepting the Restricted Shares for Employee's own
      account, not as a nominee or agent, and not with a view to the resale or
      distribution of any part thereof, and that Employee has no present
      intention of selling, granting any participation in, or otherwise
      distributing the Shares. By executing this Agreement, Employee further
      represents that Employee does not have any contract, undertaking,
      agreement or arrangement with any person to sell, transfer or grant
      participations to such person or to any third person with respect to any
      of the Restricted Shares.

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            (b) Employee understands that the Restricted Shares are
      characterized as "restricted securities" under the Securities Act and may
      not be resold or transferred unless the Restricted Shares are first
      registered under the federal securities laws or unless an exemption from
      such registration is available. Accordingly, Employee hereby acknowledges
      that Employee is prepared to hold the Restricted Shares for an indefinite
      period and that Employee is aware that Rule 144 of the Securities and
      Exchange Commission promulgated under the Securities Act is not presently
      available to exempt the sale of the Restricted Shares from the
      registration requirements of the Securities Act.

      9. Stockholder Rights. Unless and until such time as the Restricted Shares
are forfeited by Employee pursuant to Section 4, Employee shall have all the
rights of a stockholder, including voting and dividend rights, with respect to
the Restricted Shares, including the Restricted Shares held in escrow under
Section 10, subject, however, to the transfer restrictions of Section 6.

      10. Escrow.

            (a) Deposit. Upon issuance, the certificates for the Restricted
      Shares shall be deposited in escrow with the Assistant Secretary of the
      Company to be held in accordance with the provisions of this Section 10.
      Each deposited certificate shall be accompanied by a duly executed
      Assignment Separate from Certificate in the form of Exhibit A. The
      deposited certificates, together with any other assets or securities that
      may be deposited from time to time with the Company pursuant to the
      requirements of the Plan, shall remain in escrow until such time or times
      as the certificates (or other assets or securities) are to be released or
      otherwise surrendered for cancellation in accordance with the Plan. Upon
      delivery of the certificates (or other assets or securities) to the
      Company, Employee shall be issued an instrument of deposit acknowledging
      the number of Restricted Shares (or other assets or securities) delivered
      in escrow to the Assistant Secretary of the Company.

            (b) Release or Surrender. The Restricted Shares, together with any
      other assets or securities held in escrow hereunder, shall be subject to
      the following terms and conditions relating to their release from escrow
      or their surrender to the Company for repurchase and/or cancellation:

                  (1) As the interest of Employee in the Restricted Shares (or
            any other assets and securities issued with respect thereto) vests
            in accordance with Section 3, the certificates for such vested
            shares (as well as all other assets and securities issued with
            respect thereto) shall be released from escrow and delivered to
            Employee within 5 business days following the date such Restricted
            become so vested, provided such Restricted Shares have not been
            forfeited pursuant to Section 4.

                  (2) Upon Employee's Termination of Service (as defined in the
            Plan), any escrowed Restricted Shares (or other assets and
            securities issued with respect thereto) in which Employee is at the
            time vested shall be promptly released from escrow, provided such
            Restricted Shares have not been forfeited pursuant to Section 4.

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                  (3) Should Employee forfeit Restricted Shares pursuant to
            Section 4, then the escrowed certificates for such forfeited
            Restricted Shares (as well as all other assets and securities issued
            with respect thereto) shall be surrendered to the Company for
            cancellation concurrently with such forfeiture. Should the Company
            be required to repurchase the forfeited Restricted Shares pursuant
            to Section 5, then, concurrently with the payment of the Repurchase
            Price to Employee for such forfeited Restricted Shares (and all
            other assets and securities issued with respect thereto), the
            escrowed certificates for such forfeited Restricted Shares (as well
            as all other assets and securities issued with respect thereto)
            shall be surrendered to the Company for cancellation. To facilitate
            the performance or observance by Employee of this Section 10(b)(3),
            Employee hereby irrevocably appoints (which appointment is coupled
            with an interest) the Company as the attorney-in-fact of Employee to
            transfer any Restricted Shares (as well as other assets and
            securities issued with respect thereto) so forfeited to the Company,
            and Employee agrees that the transfer of stock certificates (as well
            as all other assets and securities issued with respect thereto) with
            respect to forfeited Restricted Shares shall be specifically
            performable by the Company in a court of equity or law.

      11. Section 83(b) Election. Employee understands that under Section 83 of
the Internal Revenue Code of 1986, as amended (the "Code"), the difference
between the Purchase Price, if any, paid for the Restricted Shares and their
fair market value on the date any forfeiture restrictions applicable to such
Restricted Shares lapse will be reportable as ordinary income at that time.
Employee understands that Employee may elect to be taxed at the time the
Restricted Shares are acquired hereunder to the extent the fair market value of
the Restricted Shares differs from the Purchase Price, if any, rather than when
and as such Restricted Shares cease to be subject to such forfeiture
restrictions, by filing an election under Section 83(b) of the Code with the
I.R.S. within thirty (30) days after the Date of Grant. If the fair market value
of the Restricted Shares at the Date of Grant equals the Purchase Price paid
(and thus no tax is payable), the election must be made to avoid adverse tax
consequences in the future. The form for making this election is attached as
Exhibit B hereto. Employee understands that failure to make this filing within
the 30-day period will result in the recognition of ordinary income by Employee
(in the event the fair market value of the Restricted Shares increases after the
date of purchase) as the forfeiture restrictions lapse. EMPLOYEE ACKNOWLEDGES
THAT IT IS EMPLOYEE'S SOLE RESPONSIBILITY, AND NOT THE COMPANY'S, TO FILE A
TIMELY ELECTION UNDER SECTION 83(b), EVEN IF EMPLOYEE REQUESTS THE COMPANY OR
ITS REPRESENTATIVES TO MAKE THIS FILING ON EMPLOYEE'S BEHALF. EMPLOYEE IS
RELYING SOLELY ON EMPLOYEE'S ADVISORS WITH RESPECT TO THE DECISION AS TO WHETHER
OR NOT TO FILE AN 83(b) ELECTION.

      12. Miscellaneous Provisions.

            (a) Employee Undertaking. Employee hereby agrees to take whatever
      additional action and execute whatever additional documents the Company
      may in its judgment deem necessary or advisable in order to carry out or
      effect one or more of the obligations or restrictions, including, without
      limitation, those set forth in Section 4 and Section 10(b)(3), imposed on
      either Employee or the Restricted Shares pursuant to the express
      provisions of the Plan and this Agreement.

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            (b) Adjustment of Restricted Shares. The Restricted Shares subject
      to this Agreement and the vesting provisions applicable thereto will be
      adjusted from time to time, as determined by the Company, pursuant to
      Articles 13, 14 and 15 of the Plan.

            (c) Assignment. The rights and benefits of the Company under this
      Agreement shall be transferable to any one or more persons or entities.
      Except as provided in Section 6, the rights and obligations of Employee
      hereunder may only be assigned with the prior written consent of the
      Company. This Agreement shall be binding upon and inure to the benefit of
      the permitted transferees, heirs, executors, administrators, and
      successors of the parties hereto.

            (d) No Waiver. No waiver of any breach or condition of this
      Agreement shall be deemed to be a waiver of any other or subsequent breach
      or condition, whether of like or different nature.

            (e) Entire Agreement. The Plan and this Agreement constitute the
      entire contract between the parties hereto with regard to the subject
      matter hereof.

            (f) Counterparts. This Agreement may be executed in counterparts,
      each of which shall be deemed to be an original, but all of which together
      shall constitute one and the same instrument.

            (g) Lapse of this Agreement. This Agreement shall be null and void
      in the event Employee shall fail to sign and return a counterpart hereof
      to the Company within thirty (30) days of its delivery to Employee.

            (h) No Contract for Employment. This Agreement does not constitute a
      contract for employment and shall not affect the right of the Company to
      terminate Employee's employment for any reason whatsoever.

            (i) Construction. The Company shall have authority to make
      reasonable constructions of this Agreement and to correct any defect or
      supply any omission or reconcile any inconsistency in this Agreement, and
      to prescribe reasonable rules and regulations relating to the
      administration of this Agreement.

            (j) Severability. In the event that any provision of this Agreement
      becomes or is declared by a court of competent jurisdiction to be illegal,
      unenforceable or void, this Agreement shall continue in full force and
      effect without said provision, provided that no such severability shall be
      effective if it materially changes the economic benefit of this Agreement
      to any party.

            (k) Notice. Any notice relating to this Agreement shall be given in
      writing and shall be deemed effective upon personal delivery or upon
      deposit in the United States mail, registered or certified, postage
      prepaid and addressed to the Company at its main office at 690 E. Lamar
      Boulevard, Suite No. 200, Arlington, Texas 76011 or to such other address
      as may be hereafter specified by the Company, to the attention of the
      Company's Assistant Secretary. All notices to Employee shall be delivered
      to Employee at Employee's address specified below or to such other address
      as may be hereafter specified by Employee.

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            (l) Governing Instrument and Law. This Agreement and any Restricted
      Shares issued hereunder shall in all respects be governed by the terms and
      provisions of the Plan, which terms and provisions are hereby incorporated
      herein by reference, and by the laws of the State of Texas, and in the
      event of a conflict between the terms of this Agreement and the terms of
      the Plan (copy attached), the terms of the Plan shall control.

                                       TANDY BRANDS ACCESSORIES, INC.

                                       By: _____________________________________
                                           J.S.B. Jenkins
                                           President and Chief Executive Officer

Agreed and Accepted:

EMPLOYEE(1)

_________________________________________
_________________________________________
Address:_________________________________
      ___________________________________
      ___________________________________

------------
(1) I have received, completed, executed and retained the I.R.C. Section 83(b)
election that was attached hereto as Exhibit B. As set forth in Section 11
above, I understand that I, and not the Company, will be responsible for
completing the form and filing the election with the appropriate office of the
federal and state tax authorities and that if such filing is not completed
within thirty (30) days after the date of this Agreement, I will forfeit the
significant tax benefits of Section 83(b). I understand further that such filing
should be made by registered or certified mail, return receipt requested, and
that I must retain two (2) copies of the completed form for filing with my state
and federal tax returns for the current tax year and an additional copy for my
records.

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                                    EXHIBIT A

                      ASSIGNMENT SEPARATE FROM CERTIFICATE

      FOR VALUE RECEIVED _____________________________ hereby sells, assigns and
transfers unto TANDY BRANDS ACCESSORIES, INC., a Delaware corporation (the
"Company"), ______________________ (_________) shares of the common stock of the
Company standing in the name of _________________ on the books of the Company
represented by Certificate No. __________ herewith and does hereby irrevocably
constitute and appoint the Assistant Secretary of the Company Attorney-in-Fact
to transfer the said stock on the books of the within named Company with full
power of substitution and resubstitution in the premises.

Dated:______________

_________________________________                _______________________________
(Signature)                                      (Signature of Spouse, if any)

_________________________________                _______________________________
(Print Name)                                     (Print Name)

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                                    EXHIBIT B

                             FORM OF 83(B) ELECTION

      The undersigned taxpayer hereby elects, pursuant to Section 83(b) of the
Internal Revenue Code of 1986, as amended, to include in his or her gross income
for the current taxable year, the amount of any compensation taxable to him or
her in connection with his or her receipt of the property described below:

      (1) The name, address, taxpayer identification number and taxable year of
the undersigned are as follows:

          Name of Taxpayer:     _________________________________
          Spouse:               _________________________________
          Address of Taxpayer:  _________________________________

          Taxpayer ID No.:      _________________________________
          Spouse's ID No.:      _________________________________
          Taxable Year:         Calendar Year ___________________

      (2) The property with respect to which the election is being made is
__________ shares of the common stock of Tandy Brands Accessories, Inc., a
Delaware corporation (the "Company").

      (3) The property was issued on ____________, ___________.

      (4) The property is subject to forfeiture if for any reason the
undersigned taxpayer's provision of services to the Company is terminated. The
forfeiture restrictions lapse on _________________,____________ .

      (5) The fair market value at the time of transfer (determined without
regard to any restriction other than a restriction which by its terms will never
lapse) is $______ per share.

      (6) The amount paid for such property is $___________ per share.

      (7) A copy of this statement was furnished to the Company for whom the
undersigned taxpayer rendered the service underlying the transfer of property.

      (8) This statement is executed as of: ____________________, __________.

Taxpayer                                            Spouse of Taxpayer (if any)

________________________                            _________________________
(Signature)                                         (Signature)

________________________                            _________________________
(Print Name)                                        (Print Name)

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                                CONSENT OF SPOUSE

      I, ________________, spouse of ___________________ ("Employee"), have read
and approve the foregoing Agreement. In consideration of granting to Employee,
____________ shares of the common stock of Tandy Brands Accessories, Inc. as set
forth in the Agreement, I hereby appoint Employee as my attorney-in-fact in
respect to the exercise of any rights under the Agreement and agree to be bound
by the provisions of the Agreement insofar as I may have any rights in said
Agreement or any shares issued pursuant thereto under the community property
laws of the State of Texas or similar laws relating to marital property in
effect in the state of our residence as of the date of the signing of the
foregoing Agreement.

      Dated:  _________________, ____________.

                                               Spouse of Employee

                                               _________________________________
                                               (Signature)

                                               _________________________________
                                               (Print Name)