Document:

2003 Executive Stock Based Incentive Plan Restricted Stock Agreement

	

«Name»

«Address»
_________, 2004 

THE TALBOTS, INC. 

2003 EXECUTIVE STOCK
BASED INCENTIVE PLAN 

RESTRICTED STOCK
AGREEMENT 

The Talbots, Inc.

One Talbots Drive 

Hingham, Massachusetts 02043 

        The
undersigned acknowledges receipt from The Talbots, Inc. (the “Company” or
“Talbots”) of (i) this Restricted Stock Agreement providing the terms and
conditions of a grant of restricted stock made as of ______, ____ under the 2003 Executive
Stock Based Incentive Plan (the “Plan”), and (ii) a copy of the Plan. 

        The
restricted stock grant (the “Award”) is for «Shares» shares of
Common Stock of the Company, $.01 par value (the “Restricted Stock”). 

        A
check in the amount of $«Cost» (being $.01 per share) in full payment of the
purchase price for the Restricted Stock has been delivered to the Company. 

        The
undersigned acknowledges that the Award is subject to the execution and delivery of this
Restricted Stock Agreement (this “Agreement”). 

        In
consideration of the Company’s accepting this Agreement and delivering the shares of
Restricted Stock provided for herein, the undersigned hereby agrees with the Company as
follows: 

        1.      
  Restricted
Period.

             (a)       
          No Transfer of Unvested Shares. During the period of time that any shares
          of Restricted Stock are unvested as set forth in paragraphs 1(b) and 1(c)
          below (the “Restricted Period”), such unvested shares shall not be
          sold, assigned, transferred, pledged, hypothecated or otherwise disposed of,
          except by will or the laws of descent and distribution or as provided in this
          Agreement. 

	

             (b)       
          Normal Vesting Period. Except as provided in paragraph 1(c) below or as
          otherwise provided in the Plan or in any written employment agreement executed
          between the Company and the undersigned, the Restricted Stock subject to the
          Award shall vest on _____, ___. 

             (c)       
          Performance Accelerated Vesting. The Restricted Stock shall be subject to
          possible accelerated vesting after ______, ____ based on Talbots three year RONA
          performance measured against a peer group of retail companies comprising the
          Retail Group, in accordance with the following: 

             (i)       
          If Talbots relative RONA performance ranking meets or exceeds the 50th
          percentile of the companies comprising the Retail Group, but does not meet
          or exceed the 75th percentile of the Retail Group, as determined by
          the Company’s Compensation Committee of the Board of Directors (the
          “Compensation Committee”), then 50% of the Restricted Stock will vest
          on the date of the Compensation Committee’s determination of the RONA
          performance, but not later than ______, _____. 

             (ii)       
          If Talbots relative RONA performance ranking meets or exceeds the 75th
          percentile of the companies comprising the Retail Group, as determined by
          the Compensation Committee, then 100% of the Restricted Stock will vest on the
          date of the Compensation Committee’s determination of the RONA performance,
          but not later than ______, _____. 

        
        The
 RONA  performance  of  Talbots  and the  RONA  performance  of  each  of the  other
companies comprising the Retail Group will be determined by the Compensation Committee on
or before ______, ____, and the determination by the Compensation Committee shall be
final, binding and conclusive on all parties. In the event that the undersigned ceases
employment with Talbots after _______, ___ (which is the three year anniversary of the
date of this Restricted Stock Agreement) but before the date of the Compensation Committee’s
determination of RONA under this paragraph 1(c) (which is to be on or before _____,
____), then such cessation of employment will not affect the undersigned vesting rights,
if any, in such Restricted Stock under the vesting provisions of this paragraph 1(c).  

             (d)       
          Definitions. For purposes of paragraph 1(c), the following terms
          have the following meanings: 

        
        “RONA”
means, for each company in the Retail Group, the total three-year return on net assets
covering fiscal year ____ through fiscal year ____, computed as follows: (a) net
income, divided by (b) total average assets less total average current liabilities,
as determined by the Compensation Committee. RONA will be determined based on the periodic
financial reports filed with the Securities and Exchange Commission. The Committee will
have discretion to adjust such reported results for extraordinary items as it sees fit in
its sole and absolute discretion. 

2 

	

        
        “Retail
Group” means AnnTaylor Stores Corporation; Charming Shoppes, Inc.; Chico’s FAS,
 Inc.;  The  Children's  Place  Retail  Stores,  Inc.;  Coldwater  Creek Inc.;  The Gap,
 Inc.;  The  Gymboree Corporation;  J. Crew Group, Inc.; The J. Jill Group, Inc.; Limited
Brands,  Inc.;  Nordstrom,  Inc.; Too, Inc. and Talbots. 

        
        In
the  event  that a  company  constituting  part of the  Retail  Group has not for any
reason publicly reported audited financial results covering fiscal years ____ through
____ prior to _____, _____, then the Compensation Committee may, in its sole discretion,
either (i) use publicly available audited and unaudited financial results of such
company covering a period of not less than twelve consecutive quarters ending within (6)
months prior to ______, ____ or (ii) exclude such company from the Retail Group. In
addition, in the event the Compensation Committee determines, for any reason in its sole
discretion, that any company constituting part of the Retail Group should not be
considered a “comparable”company for purposes of determining RONA, then such
company may be excluded by the Compensation Committee from the Retail Group. The
Compensation Committee may also make such other adjustments to the companies comprising
the Retail Group (including the addition of companies) as it may deem appropriate under
the circumstances.  

        2.     
   Repurchase Option 

        The
Company will have the option to repurchase the Restricted Stock that has not yet vested at
a price of $.01 per share, which price may be amended from time to time by the
Compensation Committee of the Company (the “Committee”) in its discretion. Such
option will be exercisable with respect to such unvested shares of Restricted Stock (i) if
the undersigned’s continuous employment for the Company or an Affiliate (as such term
is defined in the Plan) shall terminate for any reason, except solely by reason of a
period of Related Employment (as such term is defined in the Plan), or except as otherwise
provided in paragraph 3 hereof, prior to the expiration of the Restricted Period with
respect to such unvested shares of Restricted Stock, (ii) if, on or prior to the
expiration of the Restricted Period with respect to such unvested shares of Restricted
Stock or the earlier lapse of this repurchase option with respect to such unvested shares
of Restricted Stock, the undersigned has not paid to the Company an amount equal to any
federal, state, local or foreign income or other taxes which the Company determines is
required to be withheld in respect of such shares, or (iii) under such other circumstances
as determined by the Committee in its discretion. Any attempt by the undersigned to
dispose of any unvested Restricted Stock in contravention of the foregoing repurchase
option of the Company shall be null and void and without effect. If the Company’s
repurchase option is not exercised by the Company with respect to any unvested shares of
Restricted Stock within one hundred twenty (120) days after the later of the date the
undersigned is finally removed from the payroll of the Company or its Affiliates or any
later effective date of employment termination (in each case, including any period of
challenge or appeal by the undersigned), such option shall terminate and be of no further
force and effect. 

3 

	

             3.       
          Death, Disability or Retirement. 

        If
the undersigned has been in continuous employment for the Company or an Affiliate since
the date on which the Award was granted, and while in such employment, the undersigned
dies, or terminates such employment by reason of disability (as such term is defined in
Paragraph 12 of the Plan) or by reason of early, normal or deferred retirement under a
qualified retirement program of the Company or an Affiliate, and any of such events shall
occur prior to the end of the Restricted Period with respect to any unvested Restricted
Stock, the Committee may determine to cancel the repurchase option described in
paragraph 2 hereof and any and all other restrictions on any or all of the unvested
Restricted Stock subject to the Award; and such repurchase option shall become exercisable
at such time as to any remaining unvested Restricted Stock. If and to the extent such
repurchase option is so canceled as to any such shares of Restricted Stock, such shares
shall no longer be subject to the restrictions hereunder and shall be deemed vested. 

             4.       
          Issuance and Repurchase of Restricted Stock. 

        Each
certificate for Restricted Stock issued pursuant to the Award shall be deposited by the
undersigned with the Company, together with a stock power endorsed in blank, or shall be
evidenced in such other manner permitted by applicable law as determined by the Committee
in its discretion. If the Company chooses to exercise its option to repurchase unvested
Restricted Stock as described in paragraph 2 hereof, title to such shares shall be deemed
transferred to the Company without further action by the undersigned. Contemporaneously
with such transfer of title to such shares to the Company, the Company shall pay to the
undersigned, or in the event of his death, his personal representative, as the case may
be, the purchase price for such shares of repurchased Restricted Stock. 

             5.       
          Certificates. 

             (a)       
          The undersigned acknowledges that all certificates evidencing shares of
          Restricted Stock of the Company issued pursuant to the Award and this Agreement
          shall bear a restrictive legend as follows: 

	  	
“THE
SHARES EVIDENCED BY THIS CERTIFICATE ARE PARTLY PAID AND ARE SUBJECT TO
(i) RESTRICTIONS ON TRANSFER AND (ii) A REPURCHASE OPTION OF THE TALBOTS, INC.
UNDER CERTAIN CIRCUMSTANCES, PURSUANT TO THE PROVISIONS OF THE TALBOTS, INC. 2003
EXECUTIVE STOCK BASED INCENTIVE PLAN AND A RESTRICTED STOCK AGREEMENT DATED AS OF _______,
______ BY AND BETWEEN «Name» AND THE TALBOTS, INC. THE PLAN AND THE AGREEMENT
ARE AVAILABLE FOR INSPECTION AT THE PRINCIPAL OFFICES OF THE TALBOTS, INC.” 

	

      (Place
for Date Stamp)

4 

	

             (b)       
          The undersigned acknowledges that the certificate evidencing the shares of
          Restricted Stock delivered pursuant to this Agreement may be issued in several
          denominations. The date appearing immediately below the legend on each stock
          certificate will be the date on which shares represented by such certificate are
          scheduled to become free of the restrictions as set forth in paragraph 1(b)
          above, subject to all of the other terms and conditions of this Agreement. 

             6.       
          Restriction. 

        The
undersigned understands that the Company intends to prepare and file with the Securities
and Exchange Commission a Form S-8 registration statement under the Securities Act of 1933
with respect to the Plan and the shares covered by this Agreement. The undersigned
understands that once shares have become free of restrictions, new certificates will be
issued by the Company’s transfer agent not containing the legend provided for in
paragraph 5 hereof, and that the undersigned will be free to sell the Common Shares
evidenced by such certificates not bearing such legend, subject to applicable requirements
of federal and state securities laws. The undersigned agrees that any such sales will be
effected by means of a broker’s transaction using the facilities of the New York
Stock Exchange (where the Common Shares of the Company are listed). The Company will
endeavor to file such registration statement on Form S-8 with the Securities and Exchange
Commission and to keep such registration statement effective to permit such sale, but in
the event the Company notifies the undersigned that such registration statement is not
then effective, the undersigned agrees to refrain from sales of Common Shares until such
time as the Company advises him that such registration statement has become effective. 

             7.       
          Rights with Respect to Shares. 

        The
undersigned shall have, after issuance of a certificate for the number of shares of
Restricted Stock awarded and prior to the expiration of any Restricted Period (or the
earlier repurchase of unvested shares of Restricted Stock by the Company), the right to
vote the same and to receive dividends or other distributions made or paid with respect to
such Restricted Stock, subject, however, to the options, restrictions and limitations
imposed thereon pursuant to this Agreement and the Plan. 

             8.       
          Subject to Terms of the Plan. 

        This
Agreement shall be subject in all respects to the terms and conditions of the Plan and in
the event of any question or controversy relating to the terms of the Plan, the decision
of the Compensation Committee shall be final and conclusive. 

             9.       
          Trading Black Out Periods. 

        By
entering into this Agreement the undersigned expressly agrees that: (i) during all
periods of employment of the undersigned with the Company and its Affiliates, or otherwise
while the undersigned is otherwise maintained on the payroll of the Company or its
Affiliates, the undersigned shall abide by all trading “black out” periods with
respect to purchases or sales of Company stock or exercises of stock options for Company
stock established from time to time by the Company (“Trading Black Out Periods”)
and (ii) upon cessation or termination of employment with the Company for any reason, the
undersigned agrees that for a period of six (6) months following the effective date of any
termination of employment or, if later, for a period of six (6) months following the date
as of which the undersigned is no longer on the payroll of the Company or its Affiliates,
the undersigned shall continue to abide by all such Trading Black Out Periods established
from time to time by the Company. 

5 

	

             10.       
          Change in Control. 

        All
other restrictions on any then outstanding Restricted Stock shall lapse upon a Change in
Control Event (as such term is defined in the Plan). 

			Very truly yours,

Signature:  ——————————————
          
           «Name»

Title:     ——————————————

Date:     ——————————————

	The foregoing Restricted Stock
Agreement is hereby accepted:

THE TALBOTS, INC.

By:  
——————————————

    Arnold B. Zetcher
    Chairman, President and Chief Executive OfficerExhibit 10.2
                       SPEAKING ROSES INTERNATIONAL, INC.

                                 EQUIPMENT LEASE
                                       AND
                                LICENSE AGREEMENT

     This Equipment Lease and License  Agreement (the "Agreement") is made as of
October _______,  2004, between Speaking Roses  International,  Inc.  ("Speaking
Roses"), and Dole Fresh Flowers, Inc., and its subsidiaries1 (collectively "Dole
Fresh Flowers"), as follows:

     1.  Lease of machines

         (a)  Speaking  Roses  will  lease  to Dole  Fresh  Flowers  one or more
              machines  capable of embossing  messages or images on flowers (the
              "Machines").

         (b)  Dole Fresh  Flowers  will use the  Machines to emboss  messages or
              images on flowers to be sold or distributed by Dole Fresh Flowers.

         (c)  For the  lease  of each  Machine,  Dole  Fresh  Flowers  will  pay
              Speaking  Roses   US$[confidential   treatment  applied  for]  per
              lease-year as rent,  payable at the start of each  lease-year.  (A
              "lease-year" for any Machine means the one-year period starting on
              the date when Speaking Roses installs it at the location specified
              by Dole Fresh Flowers.) Rent once paid is nonrefundable.

         (d)  Dole Fresh Flowers will exercise reasonable care in its possession
              and use of the  Machines;  but  Speaking  Roses will  provide  any
              maintenance needed to keep the Machines working properly, and will
              promptly  repair or replace any  Machines or parts of Machines not
              working  properly.  Regular  daily  supplies,  such as ink,  print
              plates, etc., will be the responsibility of Dole Fresh Flowers.

         (e)  Dole Fresh  Flowers will use as  operators  of the  Machines  only
              personnel  who are trained to operate  them.  Speaking  Roses will
              provide the  initial  training of such  personnel,  together  with
              operating manuals for each Machine.  Any additional  training will
              be  provided  at a cost to Dole  Fresh  Flowers  to be  agreed  on
              between Speaking Roses and Dole Fresh Flowers.

         (f)  Speaking  Roses may  terminate  the lease for any or all  Machines
              under this Agreement at any time on 180 days' prior written notice
              to Dole Fresh Flowers.  Dole Fresh Flowers may terminate the lease
              for any or all  Machines  under this  Agreement  at any time on 30
              days' prior written notice to Speaking Roses.  Upon termination of
              the lease for any Machine  under this  Agreement,  Speaking  Roses
              will remove the Machine  promptly  from the  location  where it is
              kept by Dole Fresh Flowers.

     2.  License

         (a)  For as long as a Machine remains under lease to Dole Fresh Flowers
              under this Agreement,  and for no longer, Speaking Roses grants to
              Dole  Fresh  Flowers a  nonexclusive,  nontransferable,  worldwide
              license of the Intellectual  Property  (defined below) to produce,
              sell and distribute  flowers  embossed by the leased Machine;  the
              license  ending as soon as the leased  Machine is not longer under
------------------------
(1) In this  Agreement,  a "subsidiary"  of Dole Fresh Flowers means any company
directly or indirectly controlled by Dole Fresh Flowers; and "control" means the
power of one company to direct the policies and  managgment  of another  whether
through the ownership of stock, by contract or otherwise.
                                     - 1 -
<PAGE>
                       SPEAKING ROSES INTERNATIONAL, INC.

              lease to Dole Fresh  Flowers under this  Agreement.  No license of
              the  Intellectual  Property is granted,  and no license  should be
              implied,  with  respect to  activities  outside  the scope of this
              Agreement.  The license of the Intellectual  Property is a license
              grant only, and does not include the transfer of any  Intellectual
              Property.   Dole  Fresh  Flowers  will  have  no  property  right,
              ownership  or interest  whatsoever  in any  Intellectual  Property
              other than pursuant to the license granted in this Agreement.

         (b)  For the license granted in Section 2(a) above,  Dole Fresh Flowers
              will pay Speaking  Roses a royalty of  US$[confidential  treatment
              applied  for] per  embossed  flower sold by Dole Fresh  Flowers in
              mixed  bouquets,  and  a  royalty  of  US$[confidential  treatment
              applied for] per embossed  flower when sold by Dole Fresh  Flowers
              as single  stems or in rose  bouquets (a rose bouquet is a bouquet
              that includes  roses with  gypsophila  and/or  greens only).  Dole
              Fresh Flowers will pay the royalties due for each calendar quarter
              within 30 days after the end of the quarter, and will furnish with
              each payment of royalties a report  showing the number of embossed
              flowers and bouquets  sold in each country  during the quarter and
              the  calculation  of the royalties  paid.  Speaking  Roses has the
              right, for one year after any payment or payments of royalties, to
              audit or review  the  relevant  books and  records  of Dole  Fresh
              Flowers,  to  verify  the  royalties  due  Speaking  Roses for the
              quarter or quarters  for which the  payments  were made.  Speaking
              Roses will bear the costs of such audit or review,  except that if
              the audit or review  correctly  shows that the payment or payments
              total  less than 95% of what was  actually  due,  then Dole  Fresh
              Flowers  will pay the  costs of the audit or review as well as the
              deficiency  in  royalties.  If there is any dispute  over any such
              audit or review,  and Speaking Roses and Dole Fresh Flowers do not
              resolve it, they will pursue  resolution  through mediation with a
              mutually acceptable mediator.

         (c)  In this Agreement, "Intellectual Property" means proprietary data,
              information, "know-how," "show-how," trade secrets, inventions and
              technology,  whether  patentable  or not,  owned or  controlled by
              Speaking Roses and directed or relating to the embossing  process,
              and to all processes,  formulations and/or methods related to that
              process,  including,  without limitation,  the rights described in
              any and all  pending  patent  applications  anywhere in the world,
              owned or controlled by Speaking  Roses,  relating to the embossing
              process, or to any method of manufacture,  creation or use of that
              process,  including all provisional  applications,  substitutions,
              continuations, continuations-in-part, divisions, and renewals, all
              letters  patent  granted  thereon,  and  all  patents-of-addition,
              reissues,   reexaminations   and  extensions  or  restorations  by
              existing or future extension or restoration mechanisms, including,
              without limitation,  supplementary protection certificates, or the
              equivalent  of  any  of  the  foregoing  under  the  laws  of  the
              respective country in which Dole Fresh Flowers uses a Machine,  or
              sells or distributes flowers embossed by a Machine.

         (d)  Speaking Roses  represents and warrants to Dole Fresh Flowers that
              the Intellectual Property:

              (i) Is owned by Speaking  Roses or, to the extent it  incorporates
                  technology that is not owned by Speaking Roses, Speaking Roses
                  has all necessary rights to perform its obligations under this
                  Agreement,  and no third party consent or approval is required
                  for  Speaking  Roses  to  enter  into  this  Agreement  and to
                  complete all transactions contemplated by it;

              (ii)Is  original  technology  and the  subject  of valid,  legally
                  enforceable and non-infringing  patents (or patent filings) in
                  the United States; and

              (iii) Does  not and  will  not,  if used as  contemplated  by this
                  Agreement,   infringe  any  third  party's   patent  or  other
                  intellectual property or commercial rights.

                                     - 2 -
<PAGE>
                       SPEAKING ROSES INTERNATIONAL, INC.

         (e)  Speaking Roses also  represents and warrants to Dole Fresh Flowers
              that there are no claims, actions, suits or proceedings commenced,
              pending or threatened against Speaking Roses that will or might in
              any way  affect or relate to the rights  and  benefits  granted to
              Dole Fresh  Flowers under this  Agreement,  and to the best of its
              knowledge,  Speaking Roses is not aware of any grounds existing on
              the date of this Agreement on which any claims,  actions, suits or
              proceedings might be commenced against Speaking Roses with respect
              to Intellectual Property.

         (f)  Speaking  Roses will  defend  Dole Fresh  Flowers,  Inc.,  and its
              subsidiaries,   and  their  stockholders,   directors,   officers,
              employees and agents against,  and indemnify them for, any and all
              liabilities, damages, claims, suits, judgments, penalties, amounts
              paid in  settlement,  interest,  deficiencies,  costs and  expense
              (including reasonable counsel fees and disbursements), directly or
              indirectly  incurred,  as a  result  of a  breach  of  any  of the
              representations or warranties of Speaking Roses in this Agreement.

         (g)  Regardless of anything to the contrary in this Agreement,  NEITHER
              PARTY TO THIS  AGREEMENT WILL BE LIABLE TO THE OTHER FOR INDIRECT,
              INCIDENTAL, CONSEQUENTIAL, EXEMPLARY, PUNITIVE OR SPECIAL DAMAGES,
              INCLUDING LOST PROFITS, REGARDLESS OF THE FORM OF ACTION OR THEORY
              OF RECOVERY;  but the  limitation  on liability  set forth in this
              Section  2(g) does not apply to any  obligation  or  liability  of
              Speaking Roses under Section 2(f) above.

     3.  Patents and claims

         (a)  For as long as the license under this Agreement is in force (i.e.,
              for as long as any  Machine  remains  under  lease  to Dole  Fresh
              Flowers  under  this  Agreement),  Dole  Fresh  Flowers  will  not
              directly or indirectly:

              (i) Make,  use or sell any  flowers  that have  messages or images
                  embossed on them (other than by use of the Machines); or

              (ii)Have  control of any  person,  firm,  corporation  or business
                  that  engages in the  manufacture,  use or sale of any flowers
                  that have  messages or images  embossed on them (other than by
                  use of the Machines).

              (b) As used in Sections 3(a)(i) and 3(a)(ii) above, "flowers" does
                  not  include  any  item,  or part of an item,  sold for  human
                  consumption.

     4.  Notices

         Notice  under this  Agreement  is given when faxed as  follows:  (i) to
         Speaking Roses at fax no.  _______________ in the United States or such
         other fax number as Speaking Roses specifies by written notice faxed to
         Dole  Fresh  Flowers;  and  (ii)  to  Dole  Fresh  Flowers  at  fax  no
         305-925-7811  in the United States or such other fax number as Speaking
         Roses specifies by written notice faxed to Dole Fresh Flowers.

     5.  Governing law

         This Agreement is governed by Utah law, without regard to its choice of
law provisions.
                                     - 3 -
<PAGE>

                       SPEAKING ROSES INTERNATIONAL, INC.

     6. Whole agreement; modifications

        This Agreement contains the parties' whole greement;  it can be modified
only by a writing signed by both parties.

Speaking Roses International, Inc.           Dole Fresh Flowers, Inc.
                                             On behalf of itself
                                               and its subsidiaries

By:  /s/ Blaine Harris                       By: /s/ John Amaya
     ---------------------------------           -------------------------------
     Blaine Harris, President                    John Amaya
     Chief Executive Officer                     Vice President and CFO

Date: _________________, 2004                Date: ______________, 2004

                                     - 4 -

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