QuickLinks
 -- Click here to rapidly navigate through this document









































 
 

  Exhibit 10.24    
    


 SALLY BEAUTY HOLDINGS

2007 OMNIBUS INCENTIVE PLAN  


 RESTRICTED STOCK UNIT AGREEMENT

FOR INDEPENDENT DIRECTORS
  (Time Vesting)  


        THIS RESTRICTED STOCK UNIT AGREEMENT (this
"Agreement") is made effective as
of                                    ("Effective Date"), by and between Sally Beauty
Holdings, Inc. (the "Company")
and                                    ("Director").
 


        1.    GRANT OF RESTRICTED STOCK UNITS.    Pursuant to the Sally Beauty Holdings 2007 Omnibus
Incentive Plan (the "Plan") Director is hereby awarded restricted stock units
covering                                    shares of the Common Stock
of the Company (the
"RS Units"). On any day, the value of an RS Unit shall equal the Fair Market Value of one share of Common Stock of the Company. All of the RS Units
shall be subject to the prohibition on the transfer of the RS Units and the obligations to forfeit the RS Units to the Company as set forth in Section 4 of this Agreement. 


        2.    EFFECT OF THE PLAN.    The RS Units awarded to Director are subject to all of the terms
and conditions of the Plan, which terms and conditions are incorporated herein for all purposes, and of this Agreement together with all rules and determinations from time to time issued by the
Committee and by the Board pursuant to the Plan. The Company hereby reserves the right to amend, modify, restate, supplement or terminate the Plan without the consent of Director, so long as such
amendment, modification, restatement or supplement shall not materially reduce the rights and benefits available to Director hereunder, and this Award shall be subject, without further action by the
Company or Director, to such amendment, modification, restatement or supplement unless provided otherwise therein. Capitalized terms used but not defined in this Agreement shall have the meanings
ascribed to such terms in the Plan. 


        3.    VESTING OF RS UNITS.    Except as otherwise provided in Section 4 of this
Agreement, all of the RS Units shall vest pursuant to the provisions of paragraph (c) of Section 4 of this Agreement, on September 30, 2009 (the "Vesting Date"). 



        4.    RESTRICTIONS.    Director hereby accepts the Award of the RS Units and agrees with
respect thereto as follows: 


        (a)    No Transfer.    Unless otherwise determined by the Committee and provided in this
Agreement or the Plan, the RS Units shall not be sold, assigned, pledged, exchanged, hypothecated or otherwise transferred except by will or the laws of descent and distribution. Any attempted
assignment of an RS Unit in violation of this Agreement shall be null and void. The Company shall not be required to honor the transfer of any RS Units that have been sold or otherwise transferred in
violation of any of the provisions of this Agreement or the Plan. 


        (b)    Forfeiture of RS Units.    If Director terminates service with the Company and its
Subsidiaries prior to the Vesting Date for any reason other than Director's death, Disability, or involuntary termination without Cause, then Director (or Director's estate, as applicable) shall, for
no consideration, forfeit all RS Units; provided, however, that the Committee or its designee may, in the Committee's or the designee's sole and absolute discretion, as applicable, provide for the
acceleration of the vesting of the RS Units, eliminate or make less restrictive any restrictions contained in this Agreement, waive any restriction or other provision of the Plan or this Agreement or
otherwise amend or modify this Agreement in any manner that is either (i) not adverse to Director, or (ii) consented to by Director. 


        (c)    Vesting of RS Units.    If Director provides continuous, eligible service to the
Company and its Subsidiaries, as determined by the Committee or its designee, in the Committee's or the designee's sole and absolute discretion, as applicable, from the Effective Date until the
Vesting Date, Director shall vest in one hundred percent (100%) of the RS Units. 







 

        (d)    Death, Disability, or Involuntary Termination Without Cause.    If, as a result of
Director's death, Disability, or involuntary termination without Cause, Director terminates service with the Company and its Subsidiaries prior to the Vesting Date, then, provided Director has
provided continuous, eligible service to the Company from the Effective Date until Director's death, Disability, or involuntary termination without Cause, Director shall vest in and have a
non-forfeitable right to a pro-rata portion of the RS Units determined by multiplying the total number of RS Units awarded under this Agreement by a fraction the numerator of
which is the number of whole months Director served as a member of the board of directors of the Company after the Effective Date, and the denominator of which is 12. 


        (e)    Rights.    RS Units represent an unsecured promise of the Company to issue shares of
Common Stock of the Company as otherwise provided in this Agreement. Other than the rights provided in this Agreement, Director shall have no rights of a stockholder of the Company with respect to the
RS Units awarded under this Agreement until such RS Units have vested and the related shares of Common Stock have been issued pursuant to the terms of this Agreement. 


        (f)    Issuance of Common Stock.    The Company will issue to Director the shares of Common
Stock underlying the vested RS Units on the date which is six months after the effective date of Director's termination of service as a member of the board of directors of the Company, or within five
business days thereafter. Evidence of the issuance of the shares of Common Stock pursuant to this Agreement may be accomplished in such manner as the Company or its authorized representatives shall
deem appropriate including, without limitation, electronic registration, book-entry registration or issuance of a certificate or certificates in the name of Director or in the name of such
other party or parties as the Company and its authorized representatives shall deem appropriate. 


        In
the event the shares of Common Stock issued pursuant to this Agreement remain subject to any additional restrictions, the Company and its authorized representatives shall ensure that
Director is prohibited from entering into any transaction that would violate any such restrictions, until such restrictions lapse. 


        5.    COMMUNITY INTEREST OF SPOUSE.    The community interest, if any, of any spouse of
Director in any of the RS Units shall be subject to all of the terms, conditions and restrictions of this Agreement and the Plan, and shall be forfeited and surrendered to the Company upon the
occurrence of any of the events requiring Director's interest in such RS Units to be so forfeited and surrendered pursuant to this Agreement. 


        6.    BINDING EFFECT.    This Agreement shall be binding upon and inure to the benefit of any
successors to the Company and all persons lawfully claiming under Director. 


        7.    TAX MATTERS.    



        Director
acknowledges that the tax consequences associated with the Award are complex and that the Company has urged Director to review with Director's own tax advisors the federal,
state, and local tax consequences of this Award. Director is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. Director understands that
Director (and not the Company) shall be responsible for Director's own tax liability that may arise as a result of this Agreement. 


2







 

        IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by an authorized officer and Director has executed this
Agreement, all as of the date first above written. 



					
	 	 	 SALLY BEAUTY HOLDINGS, INC.
	

 	
 	
 By:	
 	








 
	 	 	 Title:	 	







 





3







 

DIRECTOR
ACKNOWLEDGES AND AGREES THAT THE RS UNITS SUBJECT TO THIS AWARD SHALL VEST AND THE RESTRICTIONS RESULTING IN THE FORFEITURE OF THE RS UNIT SHALL LAPSE, IF AT ALL, ONLY DURING THE PERIOD OF
DIRECTOR'S SERVICE TO THE COMPANY OR AS OTHERWISE PROVIDED IN THIS AGREEMENT (NOT THROUGH THE ACT OF BEING GRANTED THE RS UNITS). DIRECTOR FURTHER ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS
AGREEMENT OR THE PLAN SHALL CONFER UPON DIRECTOR ANY RIGHT WITH RESPECT TO FUTURE AWARDS OR CONTINUATION OF DIRECTOR'S SERVICE TO THE COMPANY. Director acknowledges receipt of a copy of the Plan,
represents that he or she is familiar with the terms and provisions thereof, and hereby accepts the Restricted Stock Unit Award subject to all of the terms and provisions hereof and thereof, including
the mandatory dispute resolution provisions. Director has reviewed this Agreement and the Plan in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this
Agreement, and fully understands all provisions of this Agreement and the Plan. 



							
	 	 	 	 	 DIRECTOR
	
 DATED:	
 	








 	
 	
 SIGNED:	
 	
 






 





4











QuickLinks



Exhibit 10.24