**EXHIBIT      10.2.5**

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**CHARMING      SHOPPES, INC.**

**2003      Non-Employee Directors Compensation Plan**

**Amended      and Restated Effective January 1, 2005**

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**1.**
**Purpose      and Scope of the Plan**

*Purpose.*

*Effect      of Amendment and Restatement of the Plan*
** **

*Grandfathered      Accounts. *

*Relation      of Plan to Other Director Compensation. *

**2.**
**Definitions.**

**3.**
**Administration.**

*Authority*

*Administrator*

*Limitation      of Liability*

**4.**
**Shares      Available Under the Plan**

**5.**
**Eligibility.**

**6.**
**Grants      of Restricted Stock or RSUs.**

*Initial      Grant Policy -- One-Time Grant Upon First Election as a Non-Employee Director.      *

|   | (i) | Award                Type and Amount.                10,000 Shares of Restricted Stock shall be automatically granted                to each                non-employee director upon the initial election or appointment of                the                non-employee director, subject to adjustment as provided in Section                13(b).                No grants under this Section 6(a) are authorized to directors initially                elected or appointed prior to the Effective Date. |
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|   | (ii) | Vesting                and Forfeiture Terms.                One-third of the number of Shares of Restricted Stock shall vest                and                become non-forfeitable at the close of business on June 1 of each                of the                three calendar years following the date of grant of such award, rounded                to                the nearest number of whole Shares, subject to the                following: |
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|   | (A) | In                the event of a Change in Control or termination of the Participant's                service as a director due to death or Disability, the award, if not                previously vested or forfeited, shall immediately vest and become                non-forfeitable in full. |
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|   | (B) | In                the event of termination of the Participant's service as a director                due to                Mandatory Retirement by the Participant, the award, if not previously                vested or forfeited, shall immediately vest and become non-forfeitable                as                to that number of Shares of Restricted Stock as would have vested                and                become non-forfeitable if the Participant had continued to serve                as a                director through the anticipated date of the next annual meeting                of                shareholders. |
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|   |   | Unless                otherwise determined by the Board, an award of Restricted Stock that                has                not vested at or before the time of termination of the Participant's                service as a director (this would include all unvested Restricted                Stock in                the event of a director's removal from service) will cease to vest                and                will be forfeited upon such                termination. |
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*Initial      Grant Policy -- Annual Grant to a Non-Employee Director. *

|   | (i) | Award                Type and Amount.                At the date of an annual meeting of shareholders at which a director                is                elected or reelected as a member of the Board (or at which members                of                another class of directors are elected or reelected, if the Company                then                has a classified Board), 7,500 RSUs shall be automatically granted                to each                non-employee director eligible to participate in the Plan at the                close of                business on that date. If a non-employee director is initially elected                or                appointed at a date that does not coincide with the date of an annual                meeting and does not fall on or between June 1 and the date of that                year's                annual meeting, if he or she is eligible to participate in the Plan                at                that date, he or she will be automatically granted the number of                RSUs                equal to 7,500 multiplied by a fraction the numerator of which is                the                number of days from the date of grant to the anniversary of the most                recent annual meeting and the denominator of which is 365 (rounded                to the                nearest whole share). The number of Shares to be subject to a grant                of                RSUs under this policy will be subject to adjustment as provided                in                Section 13(b). |
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|   | (ii) | Vesting                and Forfeiture Terms.                Such award shall become vested and non-forfeitable as to all RSUs                at the                close of business on the June 1 following the date of grant, subject                to                the following: |
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|   | (A) | In                the event of a Change in Control or termination of the Participant's                service as a director due to death or Disability, the award, if not                previously vested or forfeited, shall immediately vest and become                non-forfeitable in full. |
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|   | (B) | In                the event of termination of the Participant's service as a director                due to                a voluntary termination of service or Mandatory Retirement by the                Participant, the award, if --not previously vested or forfeited,                shall                immediately vest and become non-forfeitable as to that number of                RSUs                equal to the total number of RSUs multiplied by a fraction the numerator                of which is the number of days from the date of grant to the date                of                termination of service and the denominator of which is the number                of days                from the date of grant until the June 1 following the date of grant                of                such award (such fraction in no event will exceed one). |
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*Dividends      and Dividend Equivalents*

*Other      Restricted Stock Terms*

*Settlement      of RSUs.*

| A.   | Timing              of Elections.              A              deferral election must generally be made by the end of the calendar              year              prior to the Plan Year in which the RSU is granted. However, a Participant              may make a deferral election with respect to an initial grant of RSUs              under Section 6(b) within 30 days of election or appointment to the              Board,              or at such other time as is permitted under Section 409A of the Code. |
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| B.   | Effect              and Irrevocability of Elections.              Elections relating to RSUs, other than those subject to Section 9(c),              shall become irrevocable at the beginning of the calendar year in which              the Plan Year to which they relate begins unless the Administrator              specifies a different time. Elections subject to Section 9(c) shall              become              irrevocable in accordance with Section 9(c). The latest election filed              with the Administrator shall be deemed to supersede all prior inconsistent              elections that remain revocable at the time of filing of the latest              election. |
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|   | (iii) | Matters                To Be Elected.                The Administrator will provide a form or forms of election which                will                permit a director to make appropriate elections with respect to all                relevant matters under this Section 6. This election form may be                included                in the document evidencing the grant of RSUs. |
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|   | (iv) | Permitted                Elections as to Settlement.                Elections as to the time of settlement of deferred RSUs shall conform                to                the terms of Section 9(c). |
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**7.**
**Grants      of Options and SARs. **

*Initial      Grant Policy -- Annual Grant of Option to a Non-Employee Director.*

|   | (i) | Award                Type and Amount.                At the date of an annual meeting of shareholders at which a director                is                elected or reelected as a member of the Board (or at which members                of                another class of directors are elected or reelected, if the Company                then                has a classified Board), an Option to purchase 7,500 Shares shall                be                automatically granted to each non-employee director eligible to                participate in the Plan at the close of business on that date. If                a                non-employee director is initially elected or appointed at a date                that                does not coincide with the date of an annual meeting, if he or she                is                eligible to participate in the Plan at that date, he or she will                be                automatically granted an Option to purchase the number of Shares                equal to                7,500 multiplied by a fraction the numerator of which is the number                of                days from the date of grant to the anniversary of the most recent                annual                meeting and the denominator of which is 365 (rounded to the nearest                whole                share). The number of Shares to be subject to Options granted under                this                policy will be subject to adjustment as provided in Section 13(b). |
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|   | (ii) | Vesting                and Forfeiture Terms.                The Option shall vest and become exercisable in full at the close                of                business on the June 1 following the date of grant of such award,                subject                to the following: |
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|   | (A) | If                such Option has not previously vested or been forfeited, it shall                vest and                become exercisable in full upon a Change in Control, upon the                Participant's death, or upon the termination of the Participant's                service                as a director due to Disability. |
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|   | (B) | If                such Option has not previously vested or been forfeited, it shall                vest and                become exercisable as to the "Pro Rata Shares" upon a termination                of the                Participant's service as a director due to a voluntary termination                of                service (i.e., excluding termination due to Disability or Mandatory                Retirement). For purposes of this Section 7(a)(ii), the "Pro Rata                Shares"                shall be the number of Shares determined by multiplying (1) the number                of                Shares as to which the Option would have vested and become exercisable                if                the Participant had continued to serve as a director through the                anticipated date of the next annual meeting of shareholders by (2)                a                fraction the numerator of which is the number of days from the date                of the                latest annual meeting of shareholders through the date of the                Participant's termination and the denominator of which is 365 (rounded                up                to the next whole share). |
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|   | (C) | Any                portion of an Option that has not vested and become exercisable at                the                date of a director's Mandatory Retirement shall remain outstanding                and                become exercisable in accordance with the first sentence of this                Section                7(a)(ii), provided that such Option shall become exercisable in full                upon                a Change in Control or the death of the director, and each such portion                of                the Option that becomes exercisable after such Mandatory Retirement                shall                expire at the end of the one-year period following the date it becomes                exercisable as provided in Section 7(a)(iii). |
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|   | (iii) | Option                Term.                The Option, to the extent not previously forfeited, shall expire                at the                earlier of (i) ten years after the date of grant (or such earlier                date as                may be specified by the Board prior to grant), or (ii) one year after                the                Participant ceases to serve as a director of the Company for any                reason                except that, in the case of a termination due to Mandatory Retirement,                any                portion of the Option that becomes exercisable at a date following                the                Mandatory Retirement, as provided in Section 7(a)(ii)(C), shall expire                one                year after the date such portion vests and becomes exercisable. (Note:                Portions of any Option that were vested and exercisable at the date                of                Mandatory Retirement will expire one year after such Mandatory Retirement,                but in no event later than ten years after the date of                grant). |
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*Exercise      Price and Grant Price*

*Option      and SAR Maximum Term*
* *
* *

*Payment      of Exercise Price*

**8.**
**Deferral      of Fees In Deferred Shares and Deferred Cash**

*Elections*

|   | (i) | Timing                of Elections.                A                deferral election must generally be made by the end of the calendar                year                prior to the Plan Year in which the Director Compensation will be                earned.                However, a newly elected or appointed Participant may make a deferral                election with respect to Director's initial Director Compensation                (earned                after the date of such election) within 30 days of election or appointment                to the Board, or at such other time as is permitted under Section                409A of                the Code. |
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|   | (ii) | Effect                and Irrevocability of Elections.                Elections shall be deemed continuing and therefore applicable to                Plan                Years after the initial Plan Year covered by the election, until                the                election is modified or superseded by the Participant. Elections                other                than those subject to Section 9(c) shall become irrevocable at the                commencement of the calendar year which includes the first day of                the Plan                Year to which an election relates. Elections relating to the time                and                manner of settlement of an Account shall become irrevocable at the                specified deadline for the filing of such elections under Section                9(c)                unless the Administrator specifies a different time. The latest election                filed with the Administrator shall be deemed to supersede all prior                inconsistent elections that remain revocable at the time of filing                of the                latest election prior to the beginning of a Plan Year or at such                other                date as may be specified by the Administrator, provided that any                date so                specified shall ensure effective deferral of taxation and otherwise                comply                with applicable laws. |
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|   | (iii) | Matters                To Be Elected.                The Administrator will provide a form or forms of election which                will                permit a director to make appropriate elections with respect to all                relevant matters under this Section 8 and Section 9. |
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|   | (iv) | Time                of Filing Elections.                An election must be received by the Administrator prior to the deadline                specified by the Administrator. Under no circumstances may a Participant                defer compensation to which the Participant has attained, at the                time of                deferral, a legally enforceable right to current receipt of such                compensation. |
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*Deferral      of Director Compensation in the Form of Deferred Shares*

*Deferral      of Director Compensation in the Form of Deferred Cash*

*Cessation      of Service as a Director*

**9.**
**Other      Terms of Accounts**

*Dividend      Equivalents on Share Units*

|   | (i) | Cash                and Non-Share Dividends.                If the Company declares and pays a dividend on Shares in the form                of cash                or property other than Shares, then a number of additional Share                Units                shall be credited to a Participant's Account as of the designated                crediting date for such dividend equal to (i) the number of Share                Units                credited to the Account as of the record date for such dividend,                multiplied by (ii) the amount of cash plus the Fair Market Value                of any                property other than Shares actually paid as a dividend on each Share                at                such payment date, divided by (iii) the Fair Market Value of a Share                at                such designated crediting date. |
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|   | (ii) | Share                Dividends and Splits.                If the Company declares and pays a dividend on Shares in the form                of                additional Shares, or there occurs a forward split of Shares, then                a                number of additional Share Units shall be credited to the Participant's                Account as of the payment date for such dividend or forward Share                split                equal to (i) the number of Share Units credited to the Account as                of the                record date for such dividend or split multiplied by (ii) the number                of                additional Shares actually paid as a dividend or issued in such split                in                respect of each Share. |
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|   | (iii) | Designated                Crediting Date.                The Administrator may designate the crediting date for dividend                equivalents under Section 9(a)(i), which may be not earlier than                the                dividend payment date and not later than six months after the dividend                payment date. No interest will be credited on cash amounts between                the                dividend payment date and the designated crediting date. |
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*Reallocation      of Accounts*

*Elections      as to Settlement*

|   | (i) | Matters                Covered by Election.                Subject to the terms of the Plan, the Administrator shall determine                whether all deferrals under the Plan must be subject to a single                election                as to the time or times of settlement, or whether settlement elections                may                relate to deferrals relating to a specified Plan Year. If the                Administrator permits elections to relate to a specified Plan Year,                such                election shall apply to the amounts originally credited in respect                of such                Plan Year and to any additional amounts credited as dividend equivalents                or interest in respect of such originally credited amounts and previously                credited additional amounts. |
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|   | (ii) | Modifying                Elections.                A                Participant may modify a prior election as to the time at which a                Participant's Account (or portion thereof) will be settled and/or                the form                of settlement (i.e., lump sum or installments, or the number of                installments) at any time by filing a new election with the Administrator,                subject to, and in accordance with paragraphs (A) and (B), below.                The                foregoing notwithstanding, elections under this Section 9(c) shall                not be                permitted, if permitting such an election would result in constructive                receipt by the Participant of compensation in respect of the Participant's                Account prior to the actual settlement of such Account or would violate                Section 409A of the Code. |
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|   | (A) | Second                Elections.                To the extent permitted under Section 409A of the Code and the regulations                issued thereunder, a Participant may change the form of settlement                (i.e*.,*lump                sum or installments, or the number of installments) and/or the settlement                date selected under a deferral election, provided (a) the new election                must be must be filed with the Administrator at least 12 full months                before settlement would occur under the election in place prior to                the                change, (b) the new election is not effective for a period of 12                months                from the date made, and (c) the settlement date under the modified                election defers settlement for at least 5 years from the date settlement                would otherwise have occur. |
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|   | (B) | Special                2006 and 2007 Elections.                Notwithstanding anything in Section 6, Section 8 or this Section                9 to the                contrary, to the extent permitted under Section 409A of the Code                and the                regulations issued thereunder, a Participant may make a new election                on or                before December 31, 2007 as to the settlement date and/or form (i.e.,                lump                sum or installments, or the number of installments) of deferred RSUs,                deferred cash and/or Deferred Shares credited to the Participant's                Account. However a Participant shall not be permitted in 2006 to                change an                election in a manner that will defer settlement of amounts that the                Participant otherwise would have received in 2006 or cause payments                to be                made in 2006 pursuant to the 2006 election; and a Participant shall                not be                permitted in 2007 to change an election in a manner that will defer                settlement of amounts that the Participant otherwise would have received                in 2007 or cause payments to be made in 2007 pursuant to the 2007                election. |
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*Statements*

*Fractional      Shares*

**10.**
**Settlement      of Accounts**

*Form      of Distribution*

*Death      or Disability*

*Financial      Emergency and Other Payments*

*Distribution      Upon a Change in Control*

**11.**
**Limitations      on Deferrals and Related Participant Rights**

**12.**
**Definitions      Relating to Change in Control**

|   | (i) |   | any                Person, other than the Company or a Related Party, acquires directly                or                indirectly the Beneficial Ownership of any Voting Security of the                Company                and immediately after such acquisition such Person has, directly                or                indirectly, the Beneficial Ownership of Voting Securities representing                20                percent or more of the total voting power of all the then-outstanding                Voting Securities; or |
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|   | (ii) |   | those                individuals who as of the Effective Date constitute the Board or                who                thereafter are elected to the Board and whose election, or nomination                for                election, to the Board was approved by a vote of at least two-thirds                (2/3)                of the directors then still in office who either were directors as                of the                Effective Date or whose election or nomination for election was previously                so approved, cease for any reason to constitute a majority of the                members                of the Board; or |
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**13.**
**General      Provisions.**

*Limits      on Transferability*

*Adjustments*

*Receipt      and Release*

*Compliance*

*Changes      to the Plan and Awards*

*Unfunded      Status of Plan; Creation of Trusts*

*Other      Participant Rights*

*Continued      Service as an Employee*

*Special      Rule for Key Employees. *

*Governing      Law*

*Limitation*

*Severability*

*Nonexclusivity      of the Plan*

*Effective      Date and Plan Termination*

*Approved      by the Board of Directors January 25, 2007*