EX-10.48



 Exhibit 10.48 

RESTRICTED STOCK GRANT AGREEMENT 

PURSUANT TO BURLINGTON HOLDINGS, INC. 

2006 MANAGEMENT INCENTIVE PLAN 

THIS AGREEMENT (the “Agreement”) is entered into as of December 15, 2014 between Burlington Stores, Inc. (formerly Burlington
Holdings, Inc.), a Delaware corporation (the “Company”), and Thomas Kingsbury (the “Participant”). Capitalized terms not otherwise defined herein shall have the meaning set forth in the Burlington Holdings, Inc. 2006 Management
Incentive Plan (as amended and restated, the “Plan”). 
 Recitals 

WHEREAS, the Participant is an employee of Burlington Stores, Inc.; 

WHEREAS, a predecessor to the Company, Burlington Coat Factory Holdings, Inc., has adopted the 2006 Management Incentive Plan (as amended and
restated, the “Plan”) providing for the grant under certain circumstances of certain equity incentive awards, including shares of Restricted Stock, and the Company as assumed the Plan and all awards granted thereunder; 

WHEREAS, the Company, under the terms and conditions set forth below, desires to grant Participant an Award of Restricted Stock (the
“Award”) pursuant to the terms set forth in the Plan; and 
 WHEREAS, in consideration of the grant of the Award and other
benefits, the Participant is willing to accept the Award provided for in this Agreement and is willing to abide by the obligations imposed on him under this Agreement and the Plan. 

Provisions 
 NOW,
THEREFORE, in consideration of the mutual benefits hereinafter provided, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, the Company and the Participant, intending to be legally
bound, hereby agree as follows: 
 1. Restricted Stock Award. The Company hereby grants to the Participant, subject to the terms and
conditions set forth or incorporated herein, an Award consisting of a total of 150,000 shares of Common Stock, subject to adjustment under the Plan (the “Shares”). Upon the execution and delivery of this Agreement, the Company will,
subject to Section 6 below, issue to the Participant the Shares granted hereunder, and such Shares shall constitute Restricted Stock pursuant to the Plan. 

2. Effect of the Plan. The Award granted under this Agreement is subject to all of the terms and conditions of the Plan, which are
incorporated by reference and made a part of this Agreement. The Participant will abide by, and the Award granted to the Participant will be subject to, all of the provisions of the Plan and of this Agreement, together with all rules and
determinations from time to time issued by the Committee established to administer the Plan. 







 3. Restriction Period. The restriction period applicable to the Award granted hereunder is
as follows: 
 (a) All Shares shall be unvested at issuance. Subject to Sections 3(b) below, 100% of the Shares shall vest on
July 1, 2019 (or the following business day if such date is not a business day) if the Participant remains continuously employed by the Company on such date. 

(b) (x) If Participant’s employment is terminated (i) by the Company for a reason other than for Cause, (ii) by
the Participant for Good Reason or (iii) due to his Disability, the Shares shall vest on a pro rata basis (determined by multiplying the total number of Shares granted herein by a fraction, the numerator of which is the number of full and
fractional months that have passed since December 8, 2014 and the denominator of which is 56; provided that if any such termination occurs following a Change in Control (as defined herein), 100% of the Shares shall immediately vest upon such
termination, and (y) if the Participant’s employment is terminated due to his death, 100% of the Shares shall immediately vest. For the avoidance of doubt, following a Change in Control, vesting of unvested Shares shall not accelerate by
reason of such Change in Control. For purposes of this Agreement, the terms “Cause”, “Good Reason” and “Disability” shall have the meanings ascribed to them in that certain Employment Agreement by and among Participant,
Burlington Coat Factory Holdings, LLC and Burlington Coat Factory Warehouse Corporation dated December 2, 2008, as amended. 

(c) Subject to Section 3(b) above, all unvested Shares shall automatically be forfeited if the Participant’s
employment with the Company shall terminate for any reason prior to the earlier of the date on which they otherwise would have vested pursuant to Section 3(a) above. 

(d) Participant shall be entitled to receipt of all dividends paid by the Company on its Shares, as and when such dividends are
declared and paid to holders of Shares; provided, any dividends on unvested Shares shall be held and paid to Participant within 10 days after the vesting of such Shares after becoming vested. 

For purposes herein, “Change in Control” shall have the meaning set forth in the Company’s 2013 Omnibus Incentive Plan. 

4. Stockholders Agreement. This Award and any Common Stock issued with respect to this Award are subject to restrictions on transfer
and requirements of sale and other provisions as set forth herein and in the Amended and Restated Stockholders Agreement among Burlington Stores, Inc. and certain investors and managers, dated as of March 13, 2014 (the “Stockholders
Agreement”). This Award and any Common Stock issued with respect to it constitute “Management Shares” as defined therein. The Participant’s rights with respect to the Award and shares of Common Stock issued with respect to this
Award are subject to the restrictions and other provisions contained in the Plan and the Stockholders Agreement in addition to such other restrictions, if any, as may be imposed by law. In the event of a conflict between the Plan and the
Stockholders Agreement, the Stockholders Agreement shall control. Furthermore, by acceptance of this Award, the undersigned agrees hereby to become a party to, and be bound by the terms of, the Stockholders Agreement as a Manager (and to the extent
the undersigned is not already a party thereto, the undersigned shall execute a joinder thereto in form and substance acceptable to the Company). 

  
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 5. Withholding Taxes. The Administrator may make such provision for any applicable federal
or state the withholding obligations of the Company pursuant to Section 6(a)(4) of the Plan. In addition, at least sixty (60) days prior to the time of vesting of any Shares granted under this Agreement, the Company will give notice
thereof to the Participant. Participant shall deliver to the Company an amount in cash sufficient to satisfy all United States federal, state and local and non-United States tax of any kind (including Participant’s FICA and SDI obligations)
which the Board, in its sole discretion, deems necessary to be withheld or remitted with respect to the Shares in order to comply with the U.S. Internal Revenue Code of 1986, as amended, and/or any other applicable law, rule or regulation (the
“Minimum Withholding Tax”). Alternatively, at the Participant’s election, exercisable on or before ten (10) days prior to the date of vesting of such Shares, the Company shall have the right and power to deduct or withhold a
number of Shares having a fair market value (as determined by the Board of Directors of the Company as of the date of vesting thereof) equal to the Minimum Withholding Tax; provided, however, that such option to shall be deemed to have been
exercised in the case of accelerated vesting pursuant to Section 3(b) in the case of Participant’s death or Disability or pursuant to Section 3(b) in the case of termination of Participant’s employment by the Company or the
Subsidiary or by the Participant for Good Reason following a Change in Control. Participant shall remain responsible for the payment of any remaining taxes payable on account of the vesting of Shares. 

6. Delivery of Stock. Shares granted pursuant to this Agreement will be held in escrow by the Company on the Participant’s behalf
during any period of restriction thereon and will bear an appropriate legend specifying the applicable restrictions thereon. Whenever Shares subject to the Award are released from restriction, the Company shall issue such unrestricted Shares. The
Company shall follow all requisite procedures to deliver such Shares to Participant; provided, however, that such delivery may be postponed to enable the Company to comply with applicable procedures, regulations or listing requirements of any
governmental agency, stock exchange or regulatory agency. Alternatively, at the Company’s discretion, shares may be held by the Company or its transfer agent on the Participant’s behalf in book entry form. 

7. Transferability of Award. This Award may only be transferred by will, and by the laws of descent and distribution (and in connection
therewith, such transferees must agree in writing (in form and substance reasonably satisfactory to the Company) to become a party to, and be bound by, the Stockholders Agreement). The terms of this Award, including the restriction and vesting
provisions set forth in Section 3, shall be binding upon the executors, administrators, successors and assigns of the Participant. 

8. Adjustment Upon Changes in Shares. In the event of a change in the Company’s capital structure, the adjustments provided for in
Section 7(b) of the Plan shall be made to the number of Shares subject to the Award hereunder. 
 9. Section 83(b)
Election. Participant agrees to inform the Company promptly, and provide a copy of the election filed by the Participant with the Internal Revenue Service, if the Participant makes an election under Section 83(b) of the Code to treat any
portion of this Award as taxable compensation prior to the time the restrictions are removed from the Shares subject to this Award. 

  
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 10. Amendments; Termination of Plan. The Administrator may amend this Award or terminate
the Plan in accordance with Section 9 of the Plan. 
 11. Interpretation; Definitions. Any dispute regarding the interpretation
of this Award shall be submitted by Participant or the Company to the Administrator, which shall review such dispute at its next regular meeting. The resolution of such a dispute by the Administrator shall be final and binding on the Company and on
the Participant. 
 12. Notices. All notices to the Company must be in writing, addressed and delivered or mailed to 1830 Route 130
North, Burlington, NJ 08016, Attention: General Counsel. All notices to the Participant must be in writing addressed and delivered or mailed to Participant at the address shown on the records of the Company. 

13. Governing Law; Severability. This Agreement, and all determinations made and actions taken pursuant thereto, shall be governed
under the laws of the State of Delaware. If any part of this Agreement shall be determined to be invalid or unenforceable, such part shall be ineffective only to the extent of such invalidity or unenforceability, without affecting the remaining
portions hereof. 
 [Remainder of page intentionally left blank.] 

[Signature page follows.] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the
date first above written. 
  

			
	BURLINGTON STORES, INC.
		
	By:		 /s/ PAUL TANG

	Name:		 PAUL TANG

	Title:		 EXECUTIVE VICE PRESIDENT



 ACCEPTANCE 

Participant hereby acknowledges receipt of a copy of the Plan, represents that Participant has read and understands the terms and provisions thereof, and
accepts this Award subject to all the terms and conditions of the Plan and this Agreement. Participant acknowledges that there may be adverse tax consequences associated with this Award or disposition of the Shares associated with this Award and
that Participant should consult a tax adviser. 
  

	
	 /s/ Thomas Kingsbury

	Participant