Document:

EX-10.7

 Exhibit 10.7 

CHINOS HOLDINGS, INC. 

AMENDED AND RESTATED 2011 EQUITY INCENTIVE PLAN 

1. DEFINED TERMS 
 Exhibit A, which
is incorporated by reference, defines the terms used in the Plan and sets forth certain operational rules related to those terms. 
 2. PURPOSE 

The Plan has been established to advance the interests of the Company by providing for the grant to Participants of Stock-based and other
incentive Awards. The Plan was originally adopted on March 4, 2011 and was amended and restated, effective October 3, 2017. 
 3. ADMINISTRATION

 The Administrator has discretionary authority, subject only to the express provisions of the Plan, to interpret the Plan; determine
eligibility for and grant Awards; determine, modify or waive the terms and conditions of any Award; prescribe forms, rules and procedures; and otherwise do all things necessary to carry out the purposes of the Plan. Determinations of the
Administrator made under the Plan will be conclusive and will bind all parties. 
 4. LIMITS ON AWARDS UNDER THE PLAN 

(a) Number of Shares. A maximum of 18,222,292 shares of Common Stock may be delivered in satisfaction of Awards under the Plan,
including ISOs, and maximum of 20,000 shares of Preferred Stock may be delivered in satisfaction of Awards of Restricted Stock, Unrestricted Stock, and Stock Units under the Plan. To the extent consistent with Section 422, (i) shares of Stock
withheld by the Company in payment of the exercise price of the Award or in satisfaction of Award-related tax withholding requirements and shares of Stock underlying Awards that expire, become unexercisable without having been exercised, or are
forfeited shall not be treated as having been delivered under the Plan, and (ii) Stock issued under awards of an acquired company that are converted, replaced or adjusted in connection with the acquisition will not reduce the number of shares
available for Awards under the Plan. 
 (b) Certain Replacement and Supplemental Awards. Reference is made to certain Awards
(the “Replacement Awards”) that represent options granted in substitution for certain stock options granted under the Amended and Restated J. Crew Group, Inc. 1997 Stock Option Plan, the J. Crew Group, Inc. 2003 Equity Incentive
Plan, the J. Crew Group, Inc. 2005 Equity Incentive Plan and/or the J. Crew Group, Inc. Amended and Restated 2008 Equity Incentive Plan. Reference is also made to certain Awards (the “Supplemental Awards”) that represent shares of
Restricted Stock granted under the Plan under two Supplemental Restricted Stock Awards, each dated October 3, 2017, to James Brett. Shares of Common Stock subject to the Replacement Awards shall be in addition to the shares specified in
Section 4(a), but if any 

 Replacement Award or Supplemental Award expires unexercised or is satisfied in whole or in part without the
issuance of shares, the shares of Common Stock previously subject to such Award shall not be available for future grants under the Plan. Notwithstanding Section 6(a)(4), each Replacement Award shall be fully vested and exercisable upon the date
of grant and such Replacement Award shall not be subject to Section 6(a)(5). 
 (c) Type of Shares. Stock delivered by the
Company under the Plan may be authorized but unissued Stock or previously issued Stock acquired by the Company. Unless the Administrator determines otherwise, no fractional shares of Common Stock will be delivered under the Plan, but fractional
shares of Preferred Stock may be delivered under the Plan. 
 5. ELIGIBILITY AND PARTICIPATION 

The Administrator will select Participants from among those key Employees and directors of, and consultants and advisors to, the Company and
its subsidiaries who, in the opinion of the Administrator, are in a position to make a significant contribution to the success of the Company and its subsidiaries. Eligibility for ISOs is limited to employees of the Company or of a “parent
corporation” or “subsidiary corporation” of the Company as those terms are defined in Section 424 of the Code. Eligibility for Stock Options other than ISOs is limited to individuals described in the first sentence of this
Section 5 who are providing direct services on the date of grant of the Stock Option to the Company or to a subsidiary of the Company that would be described in the first sentence of Treas. Reg. §1.409A-1(b)(5)(iii)(E). 

6. RULES APPLICABLE TO AWARDS 

(a) All Awards. 

(1) Award Provisions. The Administrator will determine the terms of all Awards, subject to the limitations provided herein. By
accepting (or, under such rules as the Administrator may prescribe, being deemed to have accepted) an Award, the Participant shall be deemed to have agreed to the terms of the Award and the Plan. Notwithstanding any provision of this Plan to the
contrary, awards of an acquired company that are converted, replaced or adjusted in connection with the acquisition may contain terms and conditions that are inconsistent with the terms and conditions specified herein, as determined by the
Administrator. 
 (2) Term of Plan. No Awards may be made after October 3, 2027, but previously granted Awards may
continue beyond that date in accordance with their terms. 
 (3) Transferability. Neither ISOs nor, except as the Administrator
otherwise expressly provides in accordance with the second sentence of this Section 6(a)(3) or as permitted in the Management Stockholders Agreement, other Awards may be transferred other than by will or by the laws of descent and distribution,
and during a Participant’s lifetime ISOs (and, except as the Administrator otherwise expressly provides in accordance with the second sentence of this Section 6(a)(3), other Awards requiring exercise) may be exercised only by the
Participant. The 

  
 -2 

 transfer of any Award pursuant to this Section 6(a)(3) will be subject to applicable securities laws,
the terms of the Management Stockholders Agreement or other stockholders agreement with the Company, to the extent applicable, and such other limitations as the Administrator may impose. In no event will transfers to a Person that the Administrator
determines, directly or indirectly, provides services or financial or other support to a competitor of the Company be permitted. 
 (4)
Vesting, etc. The Administrator may determine the time or times at which an Award will vest or become exercisable and the terms on which an Award requiring exercise will remain exercisable. Without
limiting the foregoing, the Administrator may at any time accelerate the vesting or exercisability of an Award, regardless of any adverse or potentially adverse tax or other consequences resulting from such acceleration. Unless the Administrator
expressly provides otherwise, however, the following rules will apply if a Participant’s Employment ceases: 
 (A)
Immediately upon the cessation of the Participant’s Employment, each Award requiring exercise that is then held by the Participant or by the Participant’s permitted transferees, if any, will cease to be exercisable and will terminate,
except to the extent otherwise provided in (B), (C), (D) or (E) below, and all other Awards that are then held by the Participant or by the Participant’s permitted transferees, if any, to the extent not already vested will be forfeited.

 (B) Subject to (C), (D), (E) and (F) below, all Stock Options and SARs held by the Participant or the
Participant’s permitted transferees, if any, immediately prior to the cessation of the Participant’s Employment, to the extent then exercisable, will remain exercisable for the lesser of (i) a period of 30 days and (ii) the
period ending on the latest date on which such Stock Option or SAR could have been exercised without regard to this Section 6(a)(4), and will thereupon immediately terminate. 

(C) All Stock Options and SARs held by a Participant or the Participant’s permitted transferees, if any, immediately prior
to the termination of the Participant’s Employment by reason of death, to the extent then exercisable, will remain exercisable for the lesser of (i) the one year period ending with the first anniversary of the Participant’s death and
(ii) the period ending on the latest date on which such Stock Option or SAR could have been exercised without regard to this Section 6(a)(4), and will thereupon immediately terminate. 

(D) All Stock Options and SARs held by a Participant or the Participant’s permitted transferees, if any, immediately prior
to termination of the Participant’s Employment by reason of the Participant’s Disability, to the extent then exercisable, will remain exercisable for the lesser of (i) the one year period ending with the first anniversary of the
termination of the Participant’s Employment as a result of such Disability and (ii) the period ending on the latest date on which such Stock Option or SAR could have been exercised without regard to this Section 6(a)(4), and will
thereupon immediately terminate. 

  
 -3 

 (E) All Stock Options and SARs held by a Participant or the
Participant’s permitted transferees, if any, immediately prior to termination of the Participant’s Employment by the Company other than for Cause or, by the Participant for Good Reason, to the extent then exercisable, will remain
exercisable for the lesser of (i) a period of 90 days and (ii) the period ending on the latest date on which such Stock Option or SAR could have been exercised without regard to this Section 6(a)(4), and will thereupon immediately
terminate. 
 (F) All Stock Options and SARs (whether or not vested) held by a Participant or the Participant’s
permitted transferees, if any, immediately prior to the cessation of the Participant’s Employment will immediately terminate upon such cessation if the Administrator in its sole discretion determines that such cessation of Employment has
resulted from, or occurs in connection with, an act or failure to act constituting Cause (or such Participant’s Employment could have been terminated for Cause (without regard to the lapsing of any required notice or cure periods in connection
therewith) at the time such Participant terminated Employment). 
 (5) Competing Activity. The Administrator may cancel,
rescind, withhold or otherwise limit or restrict any vested or unvested Award at any time if the Participant is not in compliance with all applicable provisions of the Award agreement and the Plan, or if the Participant breaches any agreement with
the Company or its Affiliates with respect to non- competition, non-solicitation or confidentiality. 

(6) Taxes. The delivery, vesting and retention of Stock under an Award are conditioned upon full satisfaction by the Participant
of all tax withholding requirements, if any, with respect to the Award. The Administrator will prescribe such rules for the withholding of taxes as it deems necessary. Each Participant agrees promptly to remit to the Company, in cash, the full
amount of all taxes required to be withheld in connection with an Award unless the Administrator provides alternative means for satisfying the Company’s tax withholding requirements. Except as expressly provided in an Award agreement, the
Administrator may, but need not, hold back shares of Stock from an Award or permit a Participant to tender previously owned shares of Stock in satisfaction of tax withholding requirements (but not in excess of the minimum withholding required by
law). 
 (7) Dividend Equivalents, etc. The Administrator may provide for the payment of
amounts (on terms and subject to conditions established by the Administrator) in lieu of cash dividends or other cash distributions with respect to Stock subject to an Award whether or not the holder of such Award is otherwise entitled to share in
the actual dividend or distribution in respect of such Award. Any entitlement to dividend equivalents or similar entitlements shall be established and administered either consistent with an exemption from, or in compliance with, the requirements of
Section 409A. In addition, any amounts payable in respect of Restricted Stock or Restricted Stock Units may be subject to such limits or restrictions as the Administrator may impose. 

  
 -4 

 (8) Rights Limited. Nothing in the Plan will be construed as giving any person
the right to continued employment or service with the Company or its Affiliates, or any rights as a stockholder except as to shares of Stock actually issued under the Plan. The loss of existing or potential profit in Awards will not constitute an
element of damages in the event of termination of Employment for any reason, even if the termination is in violation of an obligation of the Company or any Affiliate to the Participant. 

(9) Coordination with Other Plans. Awards under the Plan may be granted in tandem with, or in satisfaction of or substitution
for, other Awards under the Plan or awards made under other compensatory plans or programs of the Company or its subsidiaries. For example, but without limiting the generality of the foregoing, awards under other compensatory plans or programs of
the Company or its subsidiaries may be settled in Stock (including, without limitation, Unrestricted Stock) if the Administrator so determines, in which case the shares delivered will be treated as awarded under the Plan (and will reduce the number
of shares thereafter available under the Plan in accordance with the rules set forth in Section 4). 
 (10) Certain Requirements
of Corporate Law. Awards shall be granted and administered consistent with the requirements of applicable Delaware law relating to the issuance of stock and the consideration to be received therefor, and with the applicable requirements of
the stock exchanges or other trading systems on which the Stock is listed or entered for trading, in each case as determined by the Administrator. 

(11) Fair Market Value. In determining the fair market value of any share of Stock under the Plan, the Administrator shall make
the determination in good faith consistent with the rules of Section 422 and Section 409A, to the extent applicable. 
 (12)
Management Stockholders Agreement. Unless otherwise specifically provided, all Awards issued under the Plan and all Stock issued thereunder will be subject to the Management Stockholders Agreement or other stockholders agreement with the
Company, to the extent applicable. No Award will be granted to a Participant and no Stock will be delivered to a Participant, in either case, until the Participant has executed the Management Stockholders Agreement or other stockholders agreement
with the Company, as applicable. 
 (b) Awards Requiring Exercise. 

(1) Time and Manner of Exercise. Unless the Administrator expressly provides otherwise, an Award requiring exercise by the holder
will not be deemed to have been exercised until the Administrator receives a notice of exercise (in form acceptable to the Administrator), which if the Administrator so determines may be an electronic notice, signed (including electronic signature
in form acceptable to the Administrator) by the appropriate person and accompanied by any payment required under the Award. If the Award is exercised by any person other than the Participant, the Administrator may require satisfactory evidence that
the person exercising the Award has the right to do so. 

  
 -5 

 (2) Exercise Price. Unless the Administrator expressly provides otherwise, the
exercise price (or the base value from which appreciation is to be measured) of each Award requiring exercise will be 100% (in the case of an ISO granted to a ten-percent shareholder within the meaning of subsection (b)(6) of Section 422, 110%)
of the fair market value of the Stock subject to the Award, determined as of the date of grant, or such higher amount as the Administrator may determine in connection with the grant. For the avoidance of doubt, each Replacement Award shall have an
exercise price that is below 100% of the fair market value of the Stock subject to such Replacement Award as of the date such Replacement Award is granted hereunder. Awards, once granted, may be repriced only in accordance with the applicable
requirements of the Plan. 
 (3) Payment of Exercise Price. Where the exercise of an Award is to be accompanied by payment,
payment of the exercise price shall be by cash or check acceptable to the Administrator, or, if so permitted by the Administrator and if legally permissible, (i) through the delivery of unrestricted shares of Stock that have a fair market value
equal to the exercise price, subject to such minimum holding period requirements, if any, as the Administrator may prescribe, (ii) at such time, if any, as the Stock is publicly traded, through a broker-assisted exercise program acceptable to
the Administrator, (iii) to the extent permitted by the Administrator or specifically set forth in an Award agreement, on a cashless basis under which the shares of Stock otherwise deliverable under the Award and having a fair market value
equal to the exercise price are withheld by the Company, (iv) by other means acceptable to the Administrator, or (v) by any combination of the foregoing permissible forms of payment. The delivery of shares in payment of the exercise price
under clause (i) above may be accomplished either by actual delivery or by constructive delivery through attestation of ownership, subject to such rules as the Administrator may prescribe. 

(4) Maximum Term. Awards requiring exercise will have a maximum term not to exceed ten (10) years from the date of grant
(five (5) years from the date of grant in the case of an ISO granted to a ten-percent shareholder described in Section 6(b)(2) above). 
 7.
EFFECT OF CERTAIN TRANSACTIONS 
 (a) Mergers, etc. Except as otherwise provided
in an Award, the Administrator shall, in its sole discretion, determine the effect of a Covered Transaction on Awards, which determination may include, but is not limited to, the actions set forth in subsections (1), (2), (3), (4) and
(5) below; provided, however, that in the event the Administrator exercises its discretion in a manner other than those set forth in subsections (1), (2) and (3) below in connection with a Covered Transaction and the actions
to be taken pursuant to this Section 7(a) on account of the exercise of such discretion would require an action by the Participant to receive the benefits of the Award in accordance with its terms, the Administrator shall (i) give the
holder of each Award hereunder a reasonable advance notice (not less than fifteen days) of the expected occurrence of 

  
 -6 

 
the Covered Transaction, and (ii) provide the holder of each Option, SAR or other Award granted hereunder that requires the Participant to take any action to receive the benefits of the
Award in accordance with its terms (collectively, the “Affected Awards”), with an opportunity during a reasonable period between receipt of the notice required by clause (i) above and the date of the Covered Transaction, to
exercise the Affected Awards that would be vested as of the date of the Covered Transaction (including, those that become vested upon the occurrence of such Covered Transaction). 

(1) Assumption or Substitution. The Administrator may provide for the assumption or continuation of some or all outstanding
Awards or for the grant of new awards in substitution therefor by the acquiror or survivor or an affiliate of the acquiror or survivor, in which case, the Awards shall be subject to adjustment as set forth in Section 7(b) below (provided that
any such adjustment may be made, in the Administrator’s discretion, in a manner permitted under Section 409A), and to the extent that such Awards vest based on the achievement of performance objectives or criteria and such Awards are
assumed or continued, such objectives shall be adjusted, in the Administrator’s good faith determination, to reflect appropriately the Covered Transaction. 

(2) Cash-Out of Awards. Subject to Section 7(a)(5) below, the Administrator may provide for the cancellation of some or all
outstanding Awards or any portion thereof in exchange for payment (a “cash-out”) equal to the excess, if any, of (A) the fair market value of one share of Stock times the number of shares of Stock subject to the Award or such portion,
over (B) the aggregate exercise or purchase price, if any, under the Award or such portion (in the case of an SAR, the aggregate base value above which appreciation is measured), in each case on such payment terms (which need not be the same as
the terms of payment to holders of Stock) and other terms, and subject to such conditions, as the Administrator determines; provided, that the Administrator may not exercise its discretion under this Section 7(a)(2) with respect to an
Award or portion thereof providing for “nonqualified deferred compensation” subject to Section 409A in a manner that would constitute an extension or acceleration of, or other change in, payment terms if such change would be inconsistent
with the applicable requirements of Section 409A. For the avoidance of doubt, the holders of Options and other Awards subject to exercise shall be entitled to consideration in respect of cancellation of such Awards only if the per-share
consideration less the applicable exercise price or base price is greater than zero (0), and to the extent that the per-share consideration is less than or equal to the applicable exercise price or base price, such Awards may be cancelled for no
consideration. 
 (3) Acceleration of Certain Awards. Subject to Section 7(a)(5) below, the Administrator may provide that
each Award requiring exercise will become fully exercisable, and the delivery of any shares of Stock remaining deliverable under each outstanding Award of Stock Units (including Restricted Stock Units and Performance Awards to the extent consisting
of Stock Units) will be accelerated and such shares will be delivered, prior to the Covered Transaction, in each case on a basis that gives the holder of the Award a reasonable opportunity, as determined by the Administrator, following exercise of
the Award or the delivery of the 

  
 -7 

 
shares, as the case may be, to participate as a stockholder in the Covered Transaction; provided, that to the extent acceleration pursuant to this Section 7(a)(3) of an Award subject
to Section 409A would cause the Award to fail to satisfy the requirements of Section 409A, the Award may not be accelerated and the Administrator in lieu thereof shall take such steps as are necessary to ensure that payment of the Award is made
in a medium other than Stock and on terms that as nearly as possible, but taking into account adjustments required or permitted by this Section 7, replicate the prior terms of the Award. 

(4) Termination of Awards Upon Consummation of Covered Transaction. Each Award will terminate upon consummation of the Covered
Transaction, other than the following: (i) Awards assumed pursuant to Section 7(a)(1) above; (ii) Awards that are not, and do not become, vested at the date of or by reason of the Covered Transaction; (iii) Awards converted
pursuant to the proviso in Section 7(a)(3) above into an ongoing right to receive payment other than in Stock; and (iv) outstanding shares of Restricted Stock (which will be treated in the same manner as other shares of Stock, subject to
Section 7(a)(5) below). 
 (5) Additional Limitations. Any share of Stock and any cash or other property delivered
pursuant to Section 7(a)(2) or Section 7(a)(3) above with respect to an Award may, in the discretion of the Administrator, contain such restrictions, if any, as the Administrator deems appropriate to reflect any performance or other
vesting conditions to which the Award was subject and that did not lapse (and were not satisfied) in connection with the Covered Transaction. For purposes of the immediately preceding sentence, a cash-out under Section 7(a)(2) above or the
acceleration of exercisability of an Award under Section 7(a)(3) above shall not, in and of itself, be treated as the lapsing (or satisfaction) of a performance or other vesting condition. In the case of Restricted Stock that does not vest in
connection with the Covered Transaction, the Administrator may require that any amounts delivered, exchanged or otherwise paid in respect of such Stock in connection with the Covered Transaction be placed in escrow or otherwise made subject to such
restrictions as the Administrator deems appropriate to carry out the intent of the Plan. 
 (b) Changes in and Distributions With
Respect to Stock. 
 (1) Basic Adjustment Provisions. In the event of changes in the outstanding Stock or in the
capital structure of the Company by reason of stock dividends, stock splits, or combination of shares (including reverse stock splits), recapitalizations or other changes in the Company’s capital structure that constitute an equity
restructuring within the meaning of FASB ASC Topic 718, the Administrator shall make appropriate adjustments to the maximum type and number of shares specified in Section 4(a) that may be delivered under the Plan and shall also make appropriate
adjustments to the number and kind of shares of stock or securities subject to Awards then outstanding or subsequently granted, any exercise prices relating to Awards and any other provision of Awards affected by such change. 

  
 -8 

 (2) Certain Other Adjustments. The Administrator may also make adjustments of
the type described in Section 7(b)(1) above to take into account distributions to stockholders other than those provided for in Section 7(a) and 7(b)(1) (including an extraordinary dividend), or any other event, if the Administrator
determines that adjustments are appropriate to avoid distortion in the operation of the Plan and to preserve the value of Awards made hereunder, having due regard for the qualification of ISOs under Section 422 and the requirements of
Section 409A, where applicable, with any determination by the Administrator as to whether or not to make any adjustment in accordance with this Section 7(b)(2) to be made by the Administrator in good faith. 

(3) Continuing Application of Plan Terms. References in the Plan to shares of Stock will be construed to include any stock or
securities resulting from an adjustment pursuant to this Section 7. 
 8. LEGAL CONDITIONS ON DELIVERY OF STOCK 

The Company will not be obligated to deliver any shares of Stock pursuant to the Plan or remove any restriction from shares of Stock previously
delivered under the Plan until: (i) the Company is satisfied that all legal matters in connection with the issuance and delivery of such shares have been addressed and resolved, it being understood that the Company will use commercially
reasonable efforts to address and resolve any legal matters that may arise from time to time; (ii) if the outstanding Stock is at the time of delivery listed on any stock exchange or national market system, the shares to be delivered have, to
the extent required by applicable law, been listed or authorized to be listed on such exchange or system upon official notice of issuance; and (iii) all conditions of the Award have been satisfied or waived. If the sale of Stock has not been
registered under the Securities Act, the Company may require, as a condition to exercise of the Award, such representations or agreements as counsel for the Company may consider appropriate to avoid violation of the Securities Act or any applicable
state or foreign securities laws. The Company may require that certificates evidencing Stock issued under the Plan bear an appropriate legend reflecting any restriction on transfer applicable to such Stock, and the Company may hold the certificates
pending lapse of the applicable restrictions. 
 9. AMENDMENT AND TERMINATION 

The Administrator may at any time or times amend the Plan or any outstanding Award for any purpose which may at the time be permitted by law,
and may at any time terminate the Plan as to any future grants of Awards; provided, that except as otherwise expressly provided in the Plan the Administrator may not, without the Participant’s consent, alter the terms of an Award so as
to affect materially and adversely the Participant’s rights under the Award, unless the Administrator expressly reserved the right to do so at the time the Award was granted. Any amendments to the Plan will be conditioned upon stockholder
approval only to the extent, if any, such approval is required by law (including the Code), as determined by the Administrator. 

  
 -9 

 10. OTHER COMPENSATION ARRANGEMENTS 

The existence of the Plan or the grant of any Award will not in any way affect the Company’s right to Award a person bonuses or other
compensation in addition to Awards under the Plan. 
 11. MISCELLANEOUS 

(a) Waiver of Jury Trial. By accepting an Award under the Plan, each Participant waives any right to a trial by jury in any
action, proceeding or counterclaim concerning any rights under the Plan and any Award, or under any amendment, waiver, consent, instrument, document or other agreement delivered or which in the future may be delivered in connection therewith, and
agrees that any such action, proceedings or counterclaim shall be tried before a court and not before a jury. By accepting an Award under the Plan, each Participant certifies that no officer, representative, or attorney of the Company has
represented, expressly or otherwise, that the Company would not, in the event of any action, proceeding or counterclaim, seek to enforce the foregoing waivers. 

(b) Limitation of Liability. Notwithstanding anything to the contrary in the Plan, neither the Company, nor any Affiliate of the
Company, nor the Administrator, nor any person acting on behalf of the Company, any Affiliate of the Company, or the Administrator, will be liable to any Participant or to the estate or beneficiary of any Participant or to any other holder of an
Award by reason of any acceleration of income, or any additional tax (including any interest and penalties), asserted by reason of the failure of an Award to satisfy the requirements of Section 422 or Section 409A or by reason of
Section 4999 of the Code, or otherwise asserted with respect to the Award; provided, that nothing in this Section 11(b) will limit the ability of the Administrator or the Company, in its discretion, to provide by separate express written
agreement with a Participant for a gross-up payment or other payment in connection with any such acceleration of income or additional tax. 
 12.
ESTABLISHMENT OF SUB-PLANS 
 The Board may from time to time establish one or more sub-plans under the Plan for purposes of satisfying
applicable blue sky, securities or tax laws of various jurisdictions. The Board will establish such sub-plans by adopting supplements to the Plan setting forth (i) such limitations on the Administrator’s discretion under the Plan as the
Board deems necessary or desirable and (ii) such additional terms and conditions not otherwise inconsistent with the Plan as the Board deems necessary or desirable. All supplements adopted by the Board will be deemed to be part of the Plan, but
each supplement will apply only to Participants within the affected jurisdiction and the Company will not be required to provide copies of any supplement to Participants in any jurisdiction that is not affected. 

  
 -10 

 13. GOVERNING LAW 

Except as otherwise provided by the express terms of an Award agreement or under a sub-plan described in Section 12, the provisions of the
Plan and of Awards under the Plan and all claims or disputes arising out of our based upon the Plan or any Award under the Plan or relating to the subject matter hereof or thereof will be governed by and construed in accordance with the domestic
substantive laws of the State of Delaware without giving effect to any choice or conflict of laws provision or rule that would cause the application of the domestic substantive laws of any other jurisdiction. 

  
 -11 

 EXHIBIT A 

Definition of Terms 

The following terms, when used in the Plan, will have the meanings and be subject to the provisions set forth below: 

“Administrator”: The Board, except that the Board may delegate its authority under the Plan to a committee of the Board (or
one or more members of the Board), in which case references herein to the Board will refer to such committee (or members of the Board). The Board may delegate (i) to one or more of its members such of its duties, powers and responsibilities as
it may determine; (ii) to one or more officers of the Company the power to grant rights or options to the extent permitted by Section 157(c) of the Delaware General Corporation Law; and (iii) to such Employees or other persons as it
determines such ministerial tasks as it deems appropriate. In the event of any delegation described in the preceding sentence, the term “Administrator” will include the person or persons so delegated to the extent of such delegation. 

“Affiliate”: Shall have the meaning set forth in the Management Stockholders Agreement. 

“Award”: Any or a combination of the following: 

(i) Stock Options. 

(ii) SARs. 

(iii) Restricted Stock 

(iv) Unrestricted Stock. 

(v) Stock Units, including Restricted Stock Units. 

(vi) Performance Awards. 

(vii) Awards (other than Awards described in (i) through (vi) above) that are convertible into or otherwise based on
Stock. 
 “Board”: The Board of Directors of the Company. 

  
 -12 

 “Cause”: In the case of any Participant who is party to an employment,
severance- benefit, change in control or similar agreement with the Company or any of its Affiliates that contains a definition of “Cause,” the definition set forth in such agreement shall apply with respect to such Participant under the
Plan during the term of such agreement. In the case of any other Participant, “Cause” shall mean: (i) a material breach by the Participant of his or her employment agreement with the Company or an Affiliate of the Company, any equity
grant agreement, or any material policy of the Company or its Affiliates generally applicable to similarly situated employees of the Company or its Affiliates; (ii) the failure by the Participant to reasonably and substantially perform his or
her duties to the Company or any of its Affiliates, which failure is materially damaging to the financial condition or reputation of the Company or its Affiliates; (iii) the Participant’s willful misconduct or gross negligence which is
injurious to the Company or an Affiliate of the Company; or (iv) the indictment of the Participant for a felony or other serious crime involving moral turpitude. In the case of clauses (i) and (ii) above, the Company shall permit the
Participant no less than thirty (30) days to cure such breach or failure if reasonably susceptible to cure. If, subsequent to the Participant’s termination of employment hereunder for other than Cause, it is determined in good faith by the
Company that the Participant’s employment could have been terminated for Cause, the Participant’s employment shall be deemed to have been terminated for Cause retroactively to the date the events giving rise to such Cause occurred. For the
avoidance of doubt, if a Participant is party to an employment, severance-benefit, change in control or similar agreement that contains a definition of “Cause”, the determination as to whether Cause exists, and any procedures (including
any due process rights) that are required to be followed prior to a termination for Cause shall be made in accordance with the terms of such agreement. 

“Code”: The U.S. Internal Revenue Code of 1986 as from time to time amended and in effect, or any successor statute as from
time to time in effect share. 
 “Common Stock”: Class A Common Stock of the Company, par value $0.00001 per 

“Company”: Chinos Holdings, Inc., a Delaware corporation. 

“Covered Transaction”: Any of (i) a consolidation, merger, or similar transaction or series of related transactions,
including a sale or other disposition of stock, in which the Company is not the surviving corporation or which results in the acquisition of all or substantially all of the Company’s then outstanding common stock by a single person or entity or
by a group of persons and/or entities acting in concert, (ii) a sale or transfer of all or substantially all the Company’s assets, (iii) a Change in Control (as defined in the Management Stockholders Agreement) or (iv) a
dissolution or liquidation of the Company. Where a Covered Transaction involves a tender offer that is reasonably expected to be followed by a merger described in clause (i) (as determined by the Administrator), the Covered Transaction will be
deemed to have occurred upon consummation of the tender offer. 

  
 -13 

 “Disability”: In the case of any Participant who is a party to an
employment, severance- benefit, change in control or similar agreement with the Company or any of its Affiliates that contains a definition of “Disability,” the definition set forth in such agreement will apply with respect to such
Participant under the Plan during the term of such agreement. In the case of any other Participant, “Disability” will mean a disability that would entitle a Participant to long-term disability benefits under the Company’s long-term
disability plan in which the Participant participates. Notwithstanding the foregoing, in any case in which a benefit that constitutes or includes “nonqualified deferred compensation” subject to Section 409A would be payable by reason
of Disability, the term “Disability” will mean a disability described in Treas. Reg. § 1.409A-3(i)(4)(i)(A). For the avoidance of doubt, if a Participant is party to an employment, severance-benefit, change in control or similar
agreement that contains a definition of “Disability”, the determination as to whether a Disability exists, and any procedures (including any due process rights) that are required to be followed prior to a termination on account of a
Disability shall be made in accordance with the terms of such agreement. 
 “Employee”: Any person who is employed by the
Company or by a subsidiary of the Company. 
 “Employment”: A Participant’s employment or other service relationship
with the Company and its subsidiaries. Employment will be deemed to continue, unless the Administrator expressly provides otherwise, so long as the Participant is employed by, or otherwise is providing services in a capacity described in
Section 5 to the Company or one of its subsidiaries. If a Participant’s employment or other service relationship is with a subsidiary and that entity ceases to be a subsidiary of the Company, the Participant’s Employment will be
deemed to have terminated when the entity ceases to be a subsidiary of the Company unless the Participant transfers Employment to the Company or one of its remaining subsidiaries. Notwithstanding the foregoing, in construing the provisions of any
Award relating to the payment of “nonqualified deferred compensation” (subject to Section 409A) upon a termination or cessation of Employment, references to termination or cessation of employment, separation from service, retirement
or similar or correlative terms shall be construed to require a “separation from service” (as that term is defined in Section 1.409A-1(h) of the Treasury Regulations) from the Company and from all other corporations and trades or
businesses, if any, that would be treated as a single “service recipient” with the Company under Section 1.409A-1(h)(3) of the Treasury Regulations. The Company may, but need not, elect in writing, subject to the applicable
limitations under Section 409A, any of the special elective rules prescribed in Section 1.409A-1(h) of the Treasury Regulations for purposes of determining whether a “separation from service” has occurred. Any such written election
shall be deemed a part of the Plan. 
 “Good Reason”: In the case of any Participant who is party to an employment,
severance-benefit, change in control or similar agreement with the Company or any of its Affiliates that contains a definition of “Good Reason,” the definition set forth in such agreement shall apply with respect to such Participant under
the Plan during the term of such agreement. In the case of any other Participant, “Good Reason” shall mean any of the following events or conditions occurring without the Participant’s express consent, provided that the Participant
shall have given notice of such event or condition within a period not to exceed ninety (90) days of the initial existence of such event or condition and the Company shall not have remedied such event

  
 -14 

 
or condition within thirty (30) days after receipt of such notice: (i) a materially adverse alteration in the Participant’s responsibilities or duties; (ii) a material
reduction in the Participant’s annual base salary; or (iii) a change of fifty (50) miles or more in the Participant’s principal place of employment, except for required travel on business to an extent consistent with the
Participant’s business travel obligations. For the avoidance of doubt, if a Participant is party to an employment, severance-benefit, change in control or similar agreement that contains a definition of “Good Reason”, the
determination as to whether Good Reason exists, and any procedures that are required to be followed prior to a termination for Good Reason shall be made in accordance with the terms of such agreement. 

“ISO”: A Stock Option intended to be an “incentive stock option” within the meaning of Section 422. Each Stock
Option granted pursuant to the Plan will be treated as providing by its terms that it is to be a non-incentive Stock Option unless, as of the date of grant, it is expressly designated as an ISO. 

“Management Stockholders Agreement”: The Amended & Restated Management Stockholders’ Agreement dated as of July
13, 2017 among the Company and certain affiliates, stockholders and Participants, as amended or modified from time to time. 

“Participant”: A person who is granted an Award under the Plan. 

“Performance Award”: An Award subject to specified criteria, other than the mere continuation of Employment or the mere
passage of time, the satisfaction of which is a condition for the grant, exercisability, vesting or full enjoyment of the Award. 

“Plan”: The Chinos Holdings, Inc. Amended and Restated 2011 Equity Incentive Plan as from time to time amended and in effect.

 “Preferred Stock”: Series B Preferred Stock of the Company, no par value per share. 

“Restricted Stock”: Stock subject to restrictions requiring that it be redelivered or offered for sale to the Company if
specified conditions are not satisfied. 
 “Restricted Stock Unit”: A Stock Unit that is, or as to which the delivery of
Stock or cash in lieu of Stock is, subject to the satisfaction of specified performance or other vesting conditions. 
 “SAR”:
A right entitling the holder upon exercise to receive an amount (payable in cash or in shares of Common Stock of equivalent value) equal to the excess of the fair market value of the shares of Common Stock subject to the right over the base
value from which appreciation under the SAR is to be measured. 
 “Section 409A”: Section 409A of
the Code. 

  
 -15 

 “Section 422”: Section 422 of the Code. 

“Securities Act”: Securities Act of 1933, as amended. 

“Stock”: Common Stock or Preferred Stock of the Company. 

“Stock Option”: An option entitling the holder to acquire shares of Common Stock upon payment of the exercise price. 

“Stock Unit”: An unfunded and unsecured promise, denominated in shares of Stock, to deliver Stock or cash measured by the
value of Stock in the future. 
 “Unrestricted Stock”: Stock not subject to any restrictions under the terms of the
Award. 

  
 -16EX-10.8(a)

 Exhibit 10.8(a) 

 

					
	 Name of Optionee:
	  	 	[	●] 
	 Number of Shares of Class A Common Stock subject to Option:
	  	 	[	●] 
	 Price Per Share:
	  	$	[	●] 
	 Date of Grant:
	  	 	[	●] 

 CHINOS HOLDINGS, INC. 

2011 EQUITY INCENTIVE PLAN 

THIS AWARD AND ANY SECURITIES ISSUED UPON EXERCISE OF THIS STOCK 

OPTION ARE SUBJECT TO RESTRICTIONS ON VOTING AND TRANSFER AND 

REQUIREMENTS OF SALE AND OTHER PROVISIONS AS SET FORTH IN THE 

MANAGEMENT STOCKHOLDERS AGREEMENT. 

CHINOS HOLDINGS, INC. STRONGLY ENCOURAGES YOU TO SEEK THE ADVICE 

OF YOUR OWN LEGAL AND FINANCIAL ADVISORS WITH RESPECT TO YOUR 

AWARD AND ITS TAX CONSEQUENCES. 

NON-STATUTORY STOCK OPTION
AGREEMENT 
 This agreement (the “Agreement”) evidences a stock option granted by Chinos Holdings, Inc. (the
“Company”) to the optionee set forth above (the “Optionee”), pursuant to and subject to the terms of the Chinos Holdings, Inc. Equity Incentive Plan (as amended from time to time in accordance with the provisions
thereof and subject to the limitations on amendment set forth therein, the “Plan”), which is incorporated herein by reference. 

1. Grant of Stock Option. The Company grants to the Optionee on the date set forth above (the “Date of Grant”) an
option (the “Stock Option”) to purchase, on the terms provided herein and in the Plan (including, without limitation, the exercise provisions in Section 6(b)(3) of the Plan), the number of shares of Class A Common Stock of
the Company set forth above (the “Shares”) with an exercise price per Share as set forth above, in each case subject to adjustment pursuant to Section 7 of the Plan in respect of transactions occurring after the Date of Grant.

 The Stock Option evidenced by this Agreement is a non-statutory option (that is, an option that is not to be
treated as a stock option described in subsection (b) of Section 422 of the Code) and is granted to the Optionee in connection with the Optionee’s employment by the Company and its qualifying subsidiaries. For purposes of the
immediately preceding sentence, “qualifying subsidiary” means a subsidiary of the Company as to which the Company has a “controlling interest” as described in Treas. Reg.
§1.409A-1(b)(5)(iii)(E)(1).  
 2. Meaning of Certain Terms. Except as otherwise
defined herein (including for the avoidance of doubt, in any Schedules attached hereto, which are incorporated herein and are a part hereof), all capitalized terms used herein have the same meaning as in the Plan. The following terms have the
following meanings: 
  

	 	(a)	 “Beneficiary” means, in the event of the Optionee’s death, the beneficiary named in the
written designation (in form acceptable to the Administrator) most recently filed with the Administrator by the Optionee prior to the Optionee’s death and not subsequently revoked, or, if there is no such designated beneficiary, the
Optionee’s estate. An effective beneficiary designation will be treated as having been revoked only upon receipt by the Administrator, prior to the Optionee’s death, of an instrument of revocation in form acceptable to the Administrator.

	 	(b)	 “Change of Control” shall have the meaning set forth in the Management Stockholders Agreement.

  

	 	(c)	 “Competitive Activity” means engaging in, directly or indirectly, alone or as principal,
agent, employee, employer, consultant, investor, partner or manager, or providing advisory or other services to, or owning any stock or any other ownership interest in, or making any financial investment in, any business (or entity) that engages in
any business in which the Company or its Affiliates are engaged, or that provides any material products and/or services that the Company or its subsidiaries are actively developing or designing (provided that where such Competitive Activity occurs
following termination of Employment, the Competitive Activity shall be determined as of the date of termination); provided, that the foregoing shall not restrict the Optionee from owning less than two percent (2%) of the outstanding
securities of any class of securities listed on a national exchange or inter-dealer quotation system. 

  

	 	(d)	 “Confidential Information” means all information of the Company and its Affiliates in whatever
form that is not generally known to the public, including, without limitation, customer lists, trade practices, marketing techniques, fit specifications, design, pricing structures and practices, research, trade secrets, processes, systems,
programs, methods, software, merchandising, distribution, planning, inventory and financial control, store design and staffing. 

  

	 	(e)	 “Option Holder” means the Optionee or, if as of the relevant time the Stock Option has passed
to a Beneficiary, the Beneficiary. 

  

	 	(f)	 “Solicitation” means, directly or indirectly, (i) inducing, encouraging, causing or
assisting another to induce, encourage or cause any customers or suppliers of the Company or its Affiliates to terminate, diminish or otherwise adversely modify their relationship with the Company or any such Affiliate, (ii) soliciting,
recruiting, hiring, or otherwise encouraging the employment decisions of, any employee of the Company or its Affiliates (or any individual who had been an employee of the Company or its Affiliates in the
one-year period prior to the termination of the Optionee’s employment) on behalf of any person or any entity other than the Company or its Affiliates or (iii) soliciting, inducing, encouraging or
causing any independent contractor providing services to the Company or its Affiliates to terminate or diminish its relationship with them. 

	 	(g)	 “Trading Day” means each business day during such calendar quarter in which the Trading Price
of a share of stock that constitutes Marketable Securities is reported by the principal securities exchange. 

  

	 	(h)	 “Trading Price” means, as of any Trading Day, the closing price on such day of a share of
stock that constitutes Marketable Securities as reported on the principal securities exchange on which such share of stock that constitutes Marketable Securities is then listed or admitted to trade. 

 

	 	(i)	 “Unauthorized Disclosure” means failing to hold in strict confidence any proprietary or
Confidential Information related to the Company or its Affiliates, except to the extent that such Confidential Information (i) becomes a matter of public record or is published in a newspaper, magazine or other periodical available to the
general public, other than as a result of the Optionee’s act or omission (whether direct or indirect), (ii) is required to be disclosed by any law, regulation or order of any court, other tribunal, regulatory commission or administrative
agency, provided that the Optionee gives prompt notice of such requirement to the Company to enable to the Company to seek an appropriate protective order prior to such disclosure, or (iii) is required to be used or disclosed by the Optionee to
perform properly his/her duties of Employment. 

 3. Vesting and Exercisability; Method of Exercise; Treatment of the
Stock Option Upon Cessation of Employment. 
  

	 	(a)	 Generally. As used herein with respect to the Stock Option or any portion thereof, the term
“vest” means to become exercisable and the term “vested” as applied to any outstanding Stock Option means that the Stock Option is then exercisable, subject in each case to the terms of the Plan. The Stock Option will vest in
accordance with the terms of Schedule A attached hereto. 

  

	 	(b)	 Exercise of the Stock Option. No portion of the Stock Option may be exercised until such portion vests
in accordance with the terms of Schedule A attached hereto. Each election to exercise any vested portion of the Stock Option will be subject to the terms and conditions of the Plan and shall be in writing, signed by the Option Holder (subject
to any restrictions provided under the Plan and the Management Stockholders Agreement). Each such written exercise election must be received by the Company at its principal office or by such other party as the Administrator may prescribe and be
accompanied by payment in full as provided in the Plan. The exercise price may be paid (i) by cash or check acceptable to the Administrator, (ii) at the election of the Option Holder, by the Administrator’s holding back shares
otherwise deliverable under the Stock Option having a fair market value equal to the exercise price, (iii) by such other means, if any, as may be acceptable to the Administrator, or (iv) by any combination of the foregoing permissible
forms of payment; provided, however, that the method of paying the exercise price set forth in subsection (ii) above shall not be available to the Optionee if the Optionee’s Employment is terminated by the Company for Cause

	 	
or if the Company determines that, at the time of termination of Employment, there exist circumstances that would have entitled the Company and its subsidiaries to terminate the Optionee’s
Employment for Cause. In the event that the Stock Option is exercised by a person other than the Optionee, the Company will be under no obligation to deliver shares hereunder unless and until it is satisfied as to the authority of the Option Holder
to exercise the Stock Option and compliance with applicable securities laws and the terms of the Management Stockholders Agreement. The latest date on which the Stock Option or any portion thereof may be exercised will be the 10th anniversary of the
Date of Grant (the “Final Exercise Date”) and if not exercised by such date the Stock Option or any remaining portion thereof will thereupon immediately terminate. 

 

	 	(c)	 Treatment of the Stock Option Upon Cessation of Employment. If the Optionee’s Employment ceases,
the Stock Option, to the extent not already vested (after giving effect to any acceleration of vesting to the extent provided on Schedule A hereto) will be immediately forfeited, and any vested portion of the Stock Option that is then
outstanding will be treated as follows: 

 (i) Subject to clauses (ii), (iii) and (iv) below and Section 4 of
this Agreement, the Stock Option, to the extent vested as of the cessation of the Optionee’s Employment (which, for the avoidance of doubt, shall include the portion of any Stock Option that vests upon such termination in accordance with
Schedule A attached hereto, if any), will remain exercisable until the earlier of (A) the 30th day following the date of such cessation of Employment and (B) the Final Exercise Date, and except to the extent previously exercised as
permitted by this Section 3(c)(i) will thereupon immediately terminate. 
 (ii) Subject to clause (iv) below and Section 4 of
this Agreement, the Stock Option, to the extent vested as of the cessation of the Optionee’s Employment due to death or Disability, will remain exercisable until the earlier of (A) the first anniversary of the Optionee’s death or
cessation of Employment due to Disability, as the case may be and (B) the Final Exercise Date, and except to the extent previously exercised as permitted by this Section 3(c)(ii) will thereupon immediately terminate. 

(iii) Subject to clause (iv) below and Section 4 of this Agreement, the Stock Option, to the extent vested as of the cessation of
the Optionee’s Employment by the Company other than for Cause, or by the Optionee for Good Reason (which, for the avoidance of doubt, shall include the portion of any Stock Option that vests upon such termination in accordance with Schedule A
attached hereto, if any), will remain exercisable until the earlier of (A) the 90th day following the cessation of the Optionee’s Employment by the Company other than for Cause or by the
Optionee for Good Reason and (B) the Final Exercise Date, and except to the extent previously exercised as permitted by this Section 3(c)(iii) will thereupon immediately terminate. 

 (iv) If the Optionee’s Employment is terminated by the Company and its subsidiaries in
connection with an act or failure to act constituting Cause (as determined by the Administrator in accordance with the terms of the Plan), or if the Optionee voluntarily terminates his or her Employment and, at the time of such termination, there
exist (as determined by the Administrator in accordance with the terms of the Plan) circumstances that would have entitled the Company and its subsidiaries to terminate the Optionee’s Employment for Cause, the Stock Option (whether or not
vested) will immediately terminate and be forfeited upon such termination. 
 4. Competing Activity; Cause. 

 

	 	(a)	 The Administrator may cancel, rescind, terminate, withhold or otherwise limit or restrict the Stock Option at
any time if the Optionee is not in compliance with all applicable provisions of this Agreement and the Plan, or if the Optionee breaches any agreement with the Company or its subsidiaries with respect to
non-competition or non-solicitation or materially breaches any agreement with the Company or its subsidiaries with respect to confidentiality, or, if no such agreement
exists, the Optionee engages in Competitive Activity or Solicitation during the term of the Optionee’s Employment or during the 12-month period following cessation of the Optionee’s Employment or
engages in any material Unauthorized Disclosure during the term of the Optionee’s Employment or during the three-year period following cessation of the Optionee’s Employment, in each case, regardless of the reason for such cessation. For
the avoidance of doubt, (x) if the Optionee is subject to a non-competition, non-solicitation or confidentiality agreement with the Company or its subsidiaries, the
determination as to whether the Optionee has breached any obligation contained in such agreement shall be made in accordance with the terms of such agreement and (y) the only remedy available to the Company in the event that the Optionee
engages in the activities set forth in clause (ii) above, to the extent such provision is applicable to the Optionee, shall be the remedies set forth in subsection (b) below. 

 

	 	(b)	 The remedies available (i) for breach of the restrictive covenants described in subsection (a) above,
or (ii) if the Company determines that, at the time of termination of Employment, there exist circumstances that would have entitled the Company and its subsidiaries to terminate the Optionee’s Employment for Cause, in each case as they
relate to the Stock Option or shares of Stock received upon exercise of the Stock Option, shall only include: (1) the rights and remedies of the Company set forth in Section 5 of the Management Stockholders Agreement; (2) the
forfeiture of the Stock Option for no consideration; and (3) in the event that, following the date that is six (6) months prior to the date on which the Optionee’s Employment with the Company or its subsidiaries terminates for

	 	
any reason, the Optionee sold any Shares acquired upon the exercise of all or any portion of the Stock Option (any such Shares sold following such date being, the “Sold Shares”),
payment by the Optionee to the Company of an amount equal to (i) the aggregate proceeds received by the Optionee in respect of such Sold Shares, less (ii) the aggregate exercise price paid (by any means permitted by
Section 3(b) hereof) by the Optionee to purchase the Sold Shares, less (iii) any required income, withholding and other taxes actually paid by the Optionee in connection with such exercise (or withheld from shares received upon
exercise of the Stock Option or from other amounts owed to the Optionee, in either case as contemplated by Section 8 below). 

5. Share Restrictions, Etc. Not later than upon the execution of this Agreement and effective as of the date hereof, the Optionee has
executed and become a party to the Management Stockholders Agreement. The Optionee’s rights hereunder (including with respect to shares received upon exercise) are subject to the additional restrictions and other provisions contained in the
Management Stockholders Agreement. 
 6. Legends, Etc. Shares issued upon exercise of the Stock Option or otherwise delivered in
satisfaction of the Stock Option will bear such legends as may be required or provided for under the terms of the Management Stockholders Agreement. 

7. Transfer of Stock Option. The Stock Option may not be transferred except as expressly permitted under Section 6(a)(3) of the
Plan. 
 8. Withholding. The exercise of the Stock Option will give rise to “wages” subject to withholding. The Optionee
expressly acknowledges and agrees that the Optionee’s rights hereunder, including the right to be issued shares upon exercise, are subject to the Optionee promptly paying to the Company in cash (or by such other means as may be acceptable to
the Administrator in its discretion) all taxes required to be withheld. No shares will be transferred pursuant to the exercise of this Stock Option unless and until the person exercising this Stock Option has remitted to the Company an amount in
cash sufficient to satisfy any federal, state, or local requirements with respect to tax withholdings then due and has committed (and by exercising the Stock Option the Option shall be deemed to have committed) to pay in cash all tax withholdings
required at any later time in respect of the transfer of such shares, or has made other arrangements satisfactory to the Administrator with respect to such taxes; provided that, except as provided for below, the Optionee may elect to have
shares from the Stock Option held back by the Company having a fair market value equal to the applicable statutory minimum tax withholding requirements in accordance with the Plan. The Optionee shall not have the right to elect to have shares so
withheld to satisfy such tax obligations if the Optionee’s Employment is terminated by the Company for Cause or if the Company determines that, at the time of termination of Employment, there exist circumstances that would have entitled the
Company and its subsidiaries to terminate the Optionee’s Employment for Cause. The Optionee authorizes the Company and its subsidiaries to withhold such amounts due hereunder from any payments otherwise owed to the Optionee, but nothing in this
sentence shall be construed as relieving the Optionee of any liability for satisfying his or her obligation under the preceding provisions of this Section 8. 

 9. Effect on Employment. Neither the grant of the Stock Option, nor the issuance of
shares upon exercise of the Stock Option, will give the Optionee any right to be retained in the employ of the Company or any of its Affiliates, affect the right of the Company or any of its Affiliates to discharge or discipline such Optionee at any
time, or affect any right of such Optionee to terminate his or her Employment at any time. 
 10. Governing Law/Disputes. This
Agreement and all claims or disputes arising out of or based upon this Agreement or relating to the subject matter hereof will be governed by and construed in accordance with the domestic substantive laws of the State of Delaware without giving
effect to any choice or conflict of laws provision or rule that would cause the application of the domestic substantive laws of any other jurisdiction. The parties agree that any disputes related to this Agreement shall be resolved in the state or
federal courts of Delaware, to whose exclusive jurisdiction the Optionee expressly consents. 
 By acceptance of the Stock Option, the
undersigned agrees hereby to become a party to, and be bound by the terms of, the Management Stockholders Agreement and to be subject to the terms of the Plan. The Optionee further acknowledges and agrees that (i) the signature to this
Agreement on behalf of the Company is an electronic signature that will be treated as an original signature for all purposes hereunder and (ii) such electronic signature will be binding against the Company and will create a legally binding
agreement when this Agreement is countersigned by the Optionee. 
 [The remainder of this page is intentionally left blank] 

 Executed as of the [●] day of [●], 20[●]. 

 

							
	Company:	 		 	CHINOS HOLDINGS, INC.
				
		 		 	By:	 	            

		 		 	Name:
		 		 	Title:
			
	Optionee:	 		 	  

		 		 	Name:
		 		 	Address:

 [Signature Page to Non-Statutory Stock Option Agreement] 

 Schedule A 

Vesting Schedule 
 The
number of shares of Stock subject to the Stock Option is [●]. 
 All initially capitalized terms used in this Schedule A, unless
separately defined herein, have the meanings set forth in Section 2 of the Agreement. 
 The Stock Option, unless earlier terminated or
forfeited, shall become vested as to 20% of the total number of Shares subject to the Stock Option on each of the first, second, third, fourth and fifth anniversaries of the Date of Grant. Notwithstanding the foregoing, Shares subject to the Stock
Option shall not vest on any vesting date unless the Optionee has remained in continuous Employment from the Date of Grant until such vesting date. 

In the event of cessation of the Optionee’s Employment by the Company without Cause or by the Optionee for Good Reason occurring within
the two-year period following a Change of Control, either (x) to the extent outstanding immediately prior to such cessation of Employment, the Stock Option shall be treated for all purposes of this
Agreement as having vested in full immediately prior to such cessation of Employment, or (y) to the extent that the Stock Option shall have been terminated or exchanged for other current or deferred cash or property in connection with the
Change of Control in accordance with Section 7 of the Plan, such current or deferred cash or property shall be treated as having vested in full and no longer subject to any risk of forfeiture or repayment, as applicable, immediately prior to
such cessation of Employment.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00303-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00303-of-00352.parquet"}]]