Document:

Exhibit 10.15
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                           RESTRICTED STOCK AGREEMENT

         This Restricted Stock Agreement is entered into between Galyan's
Trading Company, Inc., an Indiana corporation ("Company"), and Edwin Holman
("Employee"), effective as of September 3, 2003.

                                   Background

         A.       Company and Employee are parties to an Employment Agreement,
dated August 29, 2003 ("Employment Agreement").

         B.       Pursuant to Section 3(d) of the Employment Agreement, Company
has agreed to grant Employee 100,000 shares of unregistered common stock of
Company, effective as of the date Employee commences employment with Company,
subject to the terms and conditions provided in the Employment Agreement and
this Restricted Stock Agreement.

         In consideration of the premises, Company and Employee agree as
follows:

                                    Agreement

         1.       Company grants Employee 100,000 shares of unregistered common
stock of Company, effective as of September 3, 2003, which shares ("Restricted
Shares") shall be subject to the restrictions specified in this Restricted Stock
Agreement. Company agrees to endeavor to register the Restricted Shares within a
reasonable time after the grant date specified in the preceding sentence.

         2.       Until such time as the Restricted Shares become vested,
Employee shall not have any right to sell, transfer, pledge, hypothecate, or
otherwise dispose of the Restricted Shares. Employee represents and warrants to
Company that he shall not sell, transfer, pledge, hypothecate, or otherwise
dispose of the Restricted Shares in violation of applicable securities laws or
the provisions of this Restricted Stock Agreement. Except as expressly provided
in this Restricted Stock Agreement, all non-vested Restricted Shares shall be
forfeited upon Employee's termination of employment.

         3.       The Restricted Share shall vest as follows:

                  (a)      Employee's right to 40% of the Restricted Shares (or
         40,000 Restricted Shares) shall vest on his first day of employment
         with Company, provided, however, if Employee terminates employment for
         other than Good Reason (as defined in the Employment Agreement) before
         the first anniversary of his employment commencement date, he shall be
         obligated to resell the Restricted Shares to the Company as provided in
         Section 3(j) of the Employment Agreement. Employee represents and
         warrants to Company that he shall not sell, transfer, pledge,
         hypothecate, or otherwise dispose of the Restricted Shares before the
         first anniversary of his employment commencement date.

                  (b)      Employee's right to an additional 20% of the
         Restricted Shares (or 20,000 Restricted Shares) shall become vested on
         each of the first anniversary, second anniversary, and third
<PAGE>

         anniversary of Employee's employment commencement date, provided
         Employee is employed by Company on such anniversary date.

                  (c)      If Employee's employment terminates under the
         circumstances covered by Section 5(b) or (c) of the Employment
         Agreement, all Restricted Shares granted to Employee shall become fully
         vested (to the extent not already vested) upon Employee's termination
         of employment.

                  (d)      If Employee's employment terminates pursuant to
         Section 4(c) or 4(d) of the Employment Agreement, all Restricted Shares
         granted to Employee shall become fully vested (to the extent not
         already vested) upon Employee's termination of employment.

                  (e)      If a Change in Control (as defined in Section 7 of
         the Employment Agreement occurs, all Restricted Shares granted to
         Employee shall become fully vested (to the extent not already vested),
         effective as of the date on which such Change in Control occurs.

         4.       Employee represents and warrants to Company that he is
acquiring the Restricted Shares for his own account for investment and not with
a view to or for resale in connection with any distribution of the Restricted
Shares and that he has no present intention of distributing or reselling the
Restricted Shares. Employee acknowledges that the certificate or certificates
representing the Restricted Shares shall bear an appropriate legend relating to
restrictions on transfer.

         IN WITNESS WHEREOF, Company and Employee have executed this Agreement,
effective as of the date specified in the first paragraph hereof.

                                       GALYAN'S TRADING COMPANY, INC.

/s/ EDWIN HOLMAN                       By:
-----------------------------------        -----------------------------------
Edwin Holman

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(Date)                                 Office

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                                       (Date)

                                        2Exhibit 10.16
                                                                   -------------

                         GALYAN'S TRADING COMPANY, INC.
                             STOCK OPTION AGREEMENT

         THIS STOCK OPTION AGREEMENT ("Agreement") is entered into as of
September 3, 2003, by and between Galyan's Trading Company, Inc., an Indiana
corporation ("Company"), and Edwin Holman ("Optionee") pursuant to the Galyan's
Trading Company, Inc. 1999 Stock Option Plan, as amended ("Plan"). It replaces
in its entirety the Stock Option Agreement between the parties dated May 28,
2003. All capitalized terms not otherwise defined herein shall have the meanings
set forth in the Plan.

                                 R E C I T A L S

         A.       Optionee is employed by the Company pursuant to an Employment
Agreement dated August 29, 2003 ("Employment Agreement").

         B.       In accordance with the Agreement, the Committee has determined
to grant Optionee the right to purchase shares of common stock of the Company
pursuant to the terms and conditions of this Agreement and the Plan.

                               A G R E E M E N T:

         NOW, THEREFORE, in consideration of the covenants hereinafter set
forth, the parties agree as follows:

         1.       Options; Number of Shares.

                  (a)      The Company hereby grants to Optionee the right to
         purchase (each an "Option" and collectively, the "Options") up to
         100,000 shares of common stock, no par value, of the Company ("Common
         Stock" or "Shares") at a per share price ("Purchase Price") equal to
         the closing price of a share of Common Stock on the date on which
         Optionee first performs services for the Company.

                  (b)      The Options and the right to purchase all or any
         portion of the Shares are subject to the terms and conditions stated in
         this Agreement and in the Plan. Upon exercise of an Option and payment
         of the Purchase Price, Optionee shall become a shareholder of the
         Company, with all rights and privileges of a shareholder of the Company
         in respect of any Shares issuable upon such exercise. It is intended
         that the Options will not qualify for treatment as an incentive stock
         option under Section 422 of the Internal Revenue Code of 1986, as
         amended ("Code").

         2.       Exercise Criteria.

                  (a)      Unless vesting of the Options is accelerated pursuant
         to Subsection (b), one-third of the Options shall become vested on each
         of the first three anniversaries of Optionee's employment commencement
         date, provided Optionee is employed by Company on such anniversary
         date.
<PAGE>

                  (b)      Upon a Change in Control (as defined in Section 7 of
         the Employment Agreement), all outstanding Options shall become 100%
         vested.

                  (c)      If the Plan and the outstanding Options terminate
         pursuant to Section 13(b) of the Plan (with no substitution,
         assumption, settlement, or other continuation), and ten days' notice
         referred to in Section 13(b) is required to be given to Optionee (or
         would be required to be given to Optionee if his Options were vested on
         such date), all of the Options shall become vested as of the date
         preceding such notice, and Optionee shall have the exercise rights
         specified in Section 13(d) with respect to all outstanding Options.

         3.       Termination of Options. The Options and Optionee's right to
exercise the Options shall terminate on the expiration of seven (7) years from
the date hereof, unless terminated earlier pursuant to Section 4 hereof or the
Plan (including, without limitation, Section 13(b) of the Plan).

         4.       Effect of Termination of Employment or Death.

                  (a)      If the Company terminates Optionee's employment for
         Cause (as defined in Section 4(a) of the Employment Agreement), or
         Optionee resigns for other than Good Reason or Special Resignation
         pursuant to Section 4(e) or 4(f) of the Employment Agreement,
         Optionee's right to exercise any outstanding Options shall terminate
         immediately upon his termination of employment.

                  (b)      If Optionee's employment terminates during the term
         of the Employment Agreement pursuant to Section 4(b), (c), (d), (e), or
         (f), Optionee (or, Optionee's estate, in case of his death) may
         exercise any or all of his outstanding vested Options at any time
         before the earlier of (i) the first anniversary of his termination of
         employment or (ii) the date on which his right to exercise such vested
         Options would have terminated if he had not terminated employment.

                  (c)      If Optionee's employment terminates for a reason
         other than as provided in Subsection (a) or (b) above, Optionee (or his
         estate, in case of his death) may exercise any or all of his
         outstanding vested Options at any time before the earlier of (i) 90
         days after his termination of employment date or (ii) the date on which
         his right to exercise such vested Options would have terminated if he
         had not terminated employment.

         5.       Termination of Employment or Other Relationship. The
termination of Optionee's employment shall not accelerate the vesting of the
Options. The Options may be exercised only with respect to that number of Shares
which could have been exercised under the Options had such Options been
exercised by Optionee on the date of such termination (for a termination other
than Cause) and only for the limited period of time set forth in Section 4.

         6.       Death of Optionee: No Assignment. The rights of Optionee under
this Agreement may not be assigned or transferred except by will, by the laws of
descent or distribution, and may be exercised during the lifetime of Optionee
only by such Optionee; provided, however, that in the event of disability
(within the meaning of Section 22(e)(3) of the Code) of Optionee, Optionee's
designee or legal representative may exercise the Options on behalf of Optionee
(provided the Options would have been exercisable by Optionee) until the right

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<PAGE>

to exercise the Options otherwise expires. Any attempt to sell, pledge, assign,
hypothecate, transfer, or otherwise dispose of the Options in contravention of
this Agreement or the Plan shall be void. If Optionee should die while Optionee
is engaged in an employment relationship with the Company or within 90 days
after termination of such relationship, and provided Optionee's rights hereunder
shall have vested, in whole or in part, pursuant to Section 2 hereof, Optionee's
designee, legal representative, or legatee, the successor trustee of Optionee's
inter vivos trust or the person who acquired the right to exercise the Options
by reason of the death of Optionee (individually, a "Successor") shall succeed
to Optionee's rights under this Agreement. After the death of Optionee, only a
Successor may exercise the Options.

         7.       Exercise of Options. No Option granted under this Agreement
shall be exercisable until and except to the extent that it has vested. On or
after the vesting of the Options in accordance with Section 2 hereof and until
termination of the Options in accordance with this Agreement and the Plan, the
Options may be exercised by Optionee (or such other person specified in Section
6 hereof) to the extent exercisable as determined under Section 2 hereof, upon
delivery of the following to the Company at its principal executive offices:

                  (a)      a written notice of exercise which identifies this
         Agreement, the type of Option to be exercised, and states the number of
         Shares to be purchased;

                  (b)      a check, cash or any combination thereof in the
         amount of the aggregate Purchase Price (or payment of the aggregate
         Purchase Price in such other form of lawful consideration as the
         Committee may approve from time to time under the provisions of Section
         7 of the Plan);

                  (c)      a check or cash in the amount reasonably requested by
         the Company to satisfy the Company's withholding obligations under
         federal, state or other applicable tax laws with respect to the taxable
         income, if any, recognized by Optionee in connection with the exercise,
         in whole or in part, of the Options (unless the Company and Optionee
         shall have made other arrangements for deductions or withholding from
         Optionee's wages, bonus or other income paid to Optionee by the
         Company, provided, however, such arrangements must satisfy the
         requirements of all applicable tax laws);

                  (d)      any written representations and/or undertakings, in
         such form and substance as the Company may deem necessary or desirable
         to assure compliance with all applicable legal and accounting
         requirements; and

                  (e)      such further acts as may be necessary to register
         Optionee as a shareholder of the Company.

Fractional share interests shall be disregarded, but may be cumulated. No fewer
than 100 Options may be exercised at any one time, unless the number is the
total number of Options exercisable at the time.

         8.       Continuance of Employment Required; No Employment Commitment.
The vesting schedule requires continued employment through each applicable
vesting date as a condition to the vesting of the applicable installment of the
Options and the rights and benefits under this Agreement. Partial employment,
even if substantial, during any vesting period will not entitle Optionee to any

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<PAGE>

proportionate vesting or avoid or mitigate a termination of rights and benefits
upon or following a termination of employment as provided in Section 3 above or
under the Plan.

         9.       No Rights as a Stockholder. Neither Optionee nor any other
person entitled to exercise any Option shall have any of the rights or
privileges of a stockholder of the Company as to any shares of Common Stock
until the issuance and delivery to him or her of a certificate evidencing the
shares registered in his or her name. No adjustment will be made for dividends
or other rights as to a stockholder for which a record date is prior to such
date of delivery.

         10.      The Plan. The Options and all rights of Optionee thereunder
and/or hereunder are subject to, and Optionee agrees to be bound by, all of the
terms and conditions of the Plan, which are incorporated herein by this
reference. Unless otherwise expressly provided in these terms and conditions,
provisions of the Plan that confer discretionary authority on the Board or the
Committee do not (and shall not be deemed to) create any additional rights in
Optionee not expressly set forth in this Agreement or in a written amendment
hereto signed by the Company. If there is any conflict or inconsistency between
the terms and conditions of this Agreement and of the Plan, the terms and
conditions of the Plan shall govern; provided, however, notwithstanding any
provision of the Plan to the contrary, including the final sentence of Section
8.1 thereof, any determination of whether Optionee's employment has terminated
and the section of Optionee's Employment Agreement pursuant to which such
termination occurs shall be made pursuant to the terms of the Employment
Agreement without regard to the Plan or this Option Agreement. Optionee
acknowledges receipt of a complete copy of the Plan and agrees to be bound by
its terms. Optionee acknowledges reading and understanding the Plan.

                  (a)      Further Assurances. Each party hereto agrees to
         perform any further acts and execute and deliver any documents which
         may be reasonably necessary to carry out the intent of this Agreement.

                  (b)      Notices. Except as otherwise provided herein, all
         notices, requests, demands and other communications under this
         Agreement shall be in writing, and if by telegram or telecopy, shall be
         deemed to have been validly served, given or delivered when sent, or if
         by personal delivery or messenger or courier service, or by registered
         or certified mail, shall be deemed to have been validly served, given
         or delivered upon actual delivery, at the following addresses,
         telephone and facsimile numbers (or such other address(es), telephone
         and facsimile numbers a party may designate for itself by like notice):

         If to Optionee:

         To the Optionee's most recent address or telecopy number reflected on
the Company's records.

                                        4
<PAGE>

         If to the Company:

         Galyan's Trading Company, Inc.
         2437 E. Main Street
         Plainfield, IN 46168
         Attn: Chief Executive Officer
         Telecopy: (317) 532-0262

                  (c)      Amendments. This Agreement may be amended only by a
         written agreement executed by both of the parties hereto. The Company
         may, however, unilaterally waive any provision hereof in writing to the
         extent such waiver does not adversely affect the interests of Optionee
         hereunder, but no such waiver shall operate as or be construed to be a
         subsequent waiver of the same provision or a waiver of any other
         provision hereof.

                  (d)      Governing Law. This Agreement shall be governed by
         and construed in accordance with the laws of the State of Indiana
         without regard to conflict of law principles thereunder.

                  (e)      Entire Agreement. This Agreement constitutes the
         entire agreement and understanding among the parties pertaining to the
         subject matter hereof and supersedes any and all prior agreements,
         whether written or oral, relating hereto.

                  (f)      Headings. Introductory headings at the beginning of
         each section and subsection of this Agreement are solely for the
         convenience of the parties and shall not be deemed to be a limitation
         upon or description of the contents of any such section and subsection
         of this Agreement.

                  (g)      Counterparts. This Agreement may be executed in two
         counterparts, each of which shall be deemed an original and both of
         which, when taken together, shall constitute one and the same
         agreement.

         IN WITNESS WHEREOF, the Company and Optionee have executed this
Agreement as of the date first above written.

THE COMPANY:                                OPTIONEE:

Galyan's Trading Company, Inc.
an Indiana corporation

By: ________________________________        ________________________________

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