Document:

Form of Restricted Stock Grant Agreement

 Exhibit 10.27 
 EXECUTION COPY 
 FORM OF RESTRICTED STOCK GRANT AGREEMENT 
 PURSUANT TO BURLINGTON COAT FACTORY HOLDINGS, INC. 
 2006 MANAGEMENT INCENTIVE PLAN 
 THIS AGREEMENT (the “Agreement”) is entered into as of
April 13, 2006 between Burlington Coat Factory Holdings, Inc., a Delaware corporation (the “Company”), and
                             (the “Participant”). Capitalized terms not otherwise defined
herein shall have the meaning set forth in the Burlington Coat Factory Holdings, Inc. 2006 Management Incentive Plan (the “Plan”). 
 Recitals 
 WHEREAS, the Participant is an employee of the Company; 
 WHEREAS, the Company has adopted the 2006 Management Incentive Plan (the “Plan”) providing for the grant under certain circumstances of certain
equity incentive awards, including shares of Restricted Stock; 
 WHEREAS, the Company, under the terms and conditions set forth below,
desires to grant Participant an Award of Restricted Stock (the “Award”) pursuant to the terms set forth in the Plan; and 
 WHEREAS, in consideration of the grant of the Award and other benefits, the Participant is willing to accept the Award provided for in this Agreement and is willing to abide by the obligations imposed on him under this Agreement and the
Plan. 
 Provisions 
 NOW,
THEREFORE, in consideration of the mutual benefits hereinafter provided, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, the Company and the Participant, intending to be legally
bound, hereby agree as follows: 
  

	1.	Restricted Stock Award. The Company hereby grants to the Participant, subject to the terms and conditions set forth or incorporated herein, an Award consisting of a total of
                             shares of Class A Common and
                             shares of Class L Common, subject to adjustment under the Plan (the
“Shares”). Upon the execution and delivery of this Agreement, the Company will, subject to Section 6 below, issue to the Participant the Shares granted hereunder, and such Shares shall constitute Restricted Stock pursuant to the Plan.

  

	2.	Effect of the Plan. The Award granted under this Agreement is subject to all of the terms and conditions of the Plan, which are incorporated by reference and made a part of
this Agreement. The Participant will abide by, and the Award granted to the Participant will be subject to, all of the provisions of the Plan and of this Agreement, together with all rules and determinations from time to time issued by the Committee
established to administer the Plan. 

	3.	Restriction Period. The restriction period applicable to the Award granted hereunder is as follows: 

  

	 	(a)	All Shares shall be unvested at issuance. Subject to Section 3(b) below, 100% of the Shares shall vest on the first anniversary date of this Agreement (or the following
business day if such date is not a business day) if the Participant remains continuously employed by the Company on such date; provided, that 100% of the Shares shall vest if Particpant’s employment is earlier terminated (i) as a
result of the Participant’s death or Disability, (ii) by the Company without Cause or (iii) by the Participant for Good Reason, on the date of such termination or resignation, as applicable. 

  

	 	(b)	Following a Change of Control, all unvested Shares shall accelerate and vest as of the date of such Change of Control. 

  

	 	(c)	All unvested Shares shall automatically be forfeited (and shall not vest) if the Participant’s employment with the Company shall terminate for any reason (other than
termination by the Company without Cause or by the Participant for Good Reason) prior to the earlier of the first anniversary date of this Agreement or a Change of Control. 

  

	 	(d)	All vested Shares shall be subject to the call options described in Section 5 of the Stockholders Agreement. 

  

	4.	Stockholders Agreement. As a condition to the issuance of any Shares hereunder, Participant shall agree in writing (in form and substance reasonably satisfactory to the
Company) to become a party to, and be bound by, the terms of the Stockholders Agreement. 

  

	5.	Withholding Taxes. The Administrator may make such provision for any applicable federal or state the withholding obligations of the Company pursuant to Section 6(a)(4)
of the Plan. 

  

	6.	Delivery of Stock. Certificates representing Shares granted pursuant to this Agreement will be held in escrow by the Company on the Participant’s behalf during any
period of restriction thereon and will bear an appropriate legend specifying the applicable restrictions thereon. Whenever Shares subject to the Award are released from restriction, the Company shall issue a certificate to Participant for such
unrestricted Shares. The Company shall follow all requisite procedures to deliver such certificate to Participant; provided, however, that such delivery may be postponed to enable the Company to comply with applicable procedures, regulations or
listing requirements of any governmental agency, stock exchange or regulatory agency. 

  

	7.	 Transferability of Award. This Award may only be transferred by will, and by the laws of descent and distribution (and in connection therewith, such
transferees must agree in writing (in form and substance reasonably satisfactory to the Company) to become a party to, and be bound by, the Stockholders Agreement). The terms of this Award, 

  

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including the restriction and vesting provisions set forth in Section 3, shall be binding upon the executors, administrators, successors and assigns of
the Participant. 

  

	8.	Adjustment Upon Changes in Shares. In the event of a change in the Company’s capital structure, the adjustments provided for in Section 7(b) of the Plan shall be
made to the number of Shares subject to the Award hereunder. 

  

	9.	Section 83(b) Election. Participant agrees to inform the Company promptly, and provide a copy of the election filed by the Participant with the Internal Revenue Service,
if the Participant makes an election under Section 83(b) of the Code to treat any portion of this Award as taxable compensation prior to the time the restrictions are removed from the Shares subject to this Award. 

  

	10.	Amendments; Termination of Plan. The Administrator may amend this Award or terminate the Plan in accordance with Section 9 of the Plan. 

  

	11.	Interpretation. Any dispute regarding the interpretation of this Award shall be submitted by Participant or the Company to the Administrator, which shall review such dispute
at its next regular meeting. The resolution of such a dispute by the Administrator shall be final and binding on the Company and on the Participant. 

  

	12.	Notices. All notices to the Company must be in writing, addressed and delivered or mailed to 1839 Route 130, Burlington, NJ 08016, Attention: General Counsel, with copies,
which shall not constitute notice, to Bain Capital Partners, LLC, 111 Huntington Avenue, Boston, Massachusetts, 02199, Attention: Jordan Hitch, and Kirkland & Ellis LLP, 153 East 53rd Street, New York, New York, 10022, Attention: Lance Balk, Esq. and Christopher Neumann, Esq. All notices to the Participant must be in writing addressed and
delivered or mailed to him at the address shown on the records of the Company. 

  

	13.	Governing Law. This Agreement, and all determinations made and actions taken pursuant thereto, shall be governed under the laws of the State of Delaware.

  

	14.	Severability. If any part of this Agreement shall be determined to be invalid or unenforceable, such part shall be ineffective only to the extent of such invalidity or
unenforceability, without affecting the remaining portions hereof. 

 [Remainder of page intentionally left blank.] 

[Signature page follows.] 
  

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 EXECUTION COPY 
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date first above written. 
  

					
	BURLINGTON COAT FACTORY HOLDINGS, INC.
		
	 By:
	 	  
		 	 Name:
	 	  
		 	 Title:
	 	  

 ACCEPTANCE 
 Participant hereby acknowledges receipt of a copy of the Plan, represents that Participant has read and understands the terms and provisions thereof, and accepts this Award subject to all the terms and conditions of
the Plan and this Agreement. Participant acknowledges that there may be adverse tax consequences associated with this Award or disposition of the Shares associated with this Award and that Participant should consult a tax adviser. 
  

	
	   
	 ParticipantForm of Non-Qualified Stock Option Agreement - Employees without Employment Agmt

 Exhibit 10.28 
 EXECUTION COPY 
 BURLINGTON COAT FACTORY
HOLDINGS, INC. 
 2006 MANAGEMENT INCENTIVE PLAN

 THIS AWARD AND ANY SECURITIES ISSUED UPON EXERCISE OF THIS OPTION ARE SUBJECT TO RESTRICTIONS ON VOTING AND TRANSFER AND
REQUIREMENTS OF SALE AND OTHER PROVISIONS AS SET FORTH HEREIN AND IN THE STOCKHOLDERS AGREEMENT AMONG BURLINGTON COAT FACTORY HOLDINGS, INC. AND CERTAIN INVESTORS AND MANAGERS, DATED AS OF APRIL 13, 2006 (THE “STOCKHOLDERS AGREEMENT”).
THIS OPTION AND ANY SECURITIES ISSUED UPON EXERCISE OF THIS OPTION CONSTITUTE “MANAGEMENT SHARES” AS DEFINED THEREIN. 
 BURLINGTON COAT FACTORY HOLDINGS, INC. 
 FORM OF NON-QUALIFIED STOCK OPTION AGREEMENT 
 This agreement evidences a stock option granted by Burlington Coat Factory Holdings, Inc., a Delaware corporation (the “Company”), to the undersigned (the “Employee”), pursuant to, and subject to
the terms of the Burlington Coat Factory Holdings, Inc. 2006 Management Incentive Plan (the “Plan”), which is incorporated herein by reference and of which the Employee hereby acknowledges receipt. For the purpose of this Agreement, the
“Grant Date” shall mean April 13, 2006. Capitalized terms not otherwise defined herein shall have the meanings set forth in the Plan. 
  

	1.	Grant of Option. This certificate evidences the grant by the Company on the Grant Date to the Employee of an option to purchase (the “Option”), in whole or in part,
on the terms provided herein and in the Plan, the following Units as set forth below. 

  

	 	(a)	             Units at $90 per Unit (the “Tranche 1 Options”); 

  

	 	(b)	             Units at $180 per Unit (the “Tranche 2 Options”); and 

  

	 	(c)	             Units at $270 per Unit (the “Tranche 3 Options” and together with the Tranche 1 Options and
Tranche 2 Options, the “Options”). 

 Each “Unit” consists of 9 shares of Class A Common Stock of the Company, par
value $.001 per share, and 1 share of Class L Common Stock of the Company, par value $.001 per share, subject to adjustment as provided in the Plan. The Option evidenced by this certificate is not intended to qualify as an incentive stock option
under Section 422 of the Internal Revenue Code (the “Code”). 
  

	2.	Vesting and Exercisability. 

  

	 	(a)	Vesting of Units. Except as otherwise specifically provided herein, the Options shall vest according to the following schedule: 

  

	 	(i)	40% on second anniversary of the Grant Date; 

  

	 	(ii)	20% on third anniversary of the Grant Date; 

	 	(iii)	20% on fourth anniversary of the Grant Date; and 

  

	 	(iv)	20% on the fifth anniversary of the Grant Date. 

 All
Options shall become exercisable in the event of a Change of Control (as defined in the Stockholders Agreement). 
  

	 	(b)	Exercisability of Option. Subject to the terms of the Plan, Options may be exercised in whole or in part at any time following such time as such Option vests. The latest date
on which an Option may be exercised (the “Final Exercise Date”) is the date which is the tenth anniversary of the Grant Date, subject to earlier termination in accordance with the terms and provisions of the Plan and this Agreement. For
the avoidance of doubt the Option may only be exercised for whole Units and not any individual component shares thereof. 

  

	3.	Exercise of Option. Each election to exercise this Option shall be subject to the terms and conditions of the Plan and shall be in writing, signed by the Employee or by his
or her executor or administrator or by the person or persons to whom this Option is transferred by will or the applicable laws of descent and distribution (the “Legal Representative”), and made pursuant to and in accordance with the terms
and conditions set forth in the Plan. 

  

	4.	Cessation of Employment. Unless the Administrator determines otherwise, the following will apply if the Employee’s Employment ceases: 

  

	 	(a)	Options that have not vested will terminate immediately. 

  

	 	(b)	Units that were issued upon an exercise of the Option (including Units issued upon exercise of Options contemplated by clause (c) below) will be subject to the call options
described in Sections 5 of the Stockholders Agreement. 

  

	 	(c)	Subject to the terms of Section 6(a)(3) of the Plan, the vested Options will remain exercisable for the shorter of (i) a period of 60 days or (ii) the period ending
on the Final Exercise Date, and will thereupon terminate. 

  

	5.	Share Restrictions, etc. The Employee’s rights with respect to the Option and shares of Stock issued upon exercise of the Option are subject to the restrictions and
other provisions contained in the Plan and the Stockholders Agreement in addition to such other restrictions, if any, as may be imposed by law. In the event of a conflict between the Plan and the Stockholders Agreement, the Stockholders Agreement
shall control. 

  

	6.	Legends, Retention of Shares, etc. Shares of Stock comprising Units issued upon exercise of the Option shall bear such legends as are required by the Stockholders Agreement
and as may be determined by the Administrator prior to issuance. Unvested Units purchased by the Employee upon an exercise of the Option may be retained by the Company until such Units vest. 

  

	7.	Transfer of Option. This Option is not transferable by the Employee other than in accordance with the Stockholders Agreement. 

  

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	8.	Effect on Employment. Neither the grant of this Option, nor the issuance of Units upon exercise of this Option shall give the Employee any right to be retained in the employ
of the Company or its Affiliates, affect the right of the Company or its Affiliates to discharge or discipline the Employee at any time or affect any right of Employee to terminate his employment at any time. 

  

	9.	Certain Important Tax Matters. The Employee expressly acknowledges that the Employee’s rights hereunder, including the right to be issued Units upon exercise of Options,
are subject to the Employee 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. The Employee also authorizes the Company or its subsidiaries
to withhold such amount from any amounts otherwise owed to the Employee. 

  

	10.	Provisions of the Plan. This Option is subject in its entirety to the provisions of the Plan, which are incorporated herein by reference. A copy of the Plan as in effect on
the date of the grant of this Option has been furnished to the Employee. By exercising all or any part of this Option, the Employee agrees to be bound by the terms of the Plan and this Option. In the event of any conflict between the terms of this
Option and the Plan, the terms of this Option shall control. 

  

	11.	Non-Compete, Non-Solicitation. 

  

	 	(a)	In further consideration of the Award granted to Employee hereunder, Employee acknowledges and agrees that during the course of Employee’s employment with the Company and its
subsidiaries Employee shall become familiar, and during Employee’s employment with the predecessors of the Company and its subsidiaries, Employee has become familiar, with the Company’s trade secrets and with other confidential information
and that Employee’s services have been and shall be of special, unique and extraordinary value to the Company and its subsidiaries, and therefore, Employee agrees that, during his or her employment with the Company and, if the Employee
terminates his or her employment with the Company for any reason, for a period of one year thereafter (the “Non-Compete Period”), Employee shall not directly or indirectly (whether as an owner, partner, shareholder, agent, officer,
director, employee, independent contractor, consultant or otherwise) own any interest in, operate, invest in, manage, control, participate in, consult with, render services for (alone or in association with any person or entity), in any manner
engage in any business activity on behalf of a Competing Business within any geographical area in which the Company or its subsidiaries currently operates or plans to operate. Nothing herein shall prohibit Employee from being a passive owner of not
more than 2% of the outstanding stock of any class of a corporation which is publicly traded, so long as Employee has no active participation in the business of such corporation. For purposes of this paragraph, “Competing Business” means
each of the following entities, together with their respective subsidiaries and affiliates: TJ Maxx, Marshall’s, Ross Stores, Steinmart, Century 21, Forman Mills, Schottenstein Stores and Daffy Dan’s. 

  

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	 	(b)	During the Non-Compete Period, Employee shall not, directly or indirectly, and shall ensure that any person or entity controlled by Employee does not, (i) induce or attempt to
induce any employee of the Company or any subsidiary to leave the employ of the Company or such subsidiary, or in any way interfere with the relationship between the Company or any subsidiary and any employee thereof, (ii) hire, directly or
through another person, any person (whether or not solicited) who was an Employee of the Company or any subsidiary at any time within the one year period before Employee’s termination from employment, (iii) induce or attempt to induce any
customer, supplier, licensee, licensor, franchisee or other business relation of the Company or any subsidiary to cease doing business with the Company or such subsidiary, assist any Competing Business or in any way interfere with the relationship
between any such customer, supplier, licensee or business relation and the Company or any subsidiary (Employee understands that any person or entity that Employee contacted during the one year period prior to the date of Employee’s termination
of employment for the purpose of soliciting sales from such person or entity shall be regarded as a “potential customer” of the Company and its subsidiaries as to whom the Company has a protectible proprietary interest) or (iv) make
or solicit or encourage others to make or solicit directly or indirectly any defamatory statement or communication about the Company or any of its subsidiaries or any of their respective businesses, products, services or activities (it being
understood that such restriction shall not prohibit truthful testimony compelled by valid legal process). 

  

	12.	Enforcement. 

  

	 	(a)	Employee acknowledges and agrees that the Company entered into this Agreement in reliance on the provisions of Section 11 and the enforcement of this Agreement is necessary to
ensure the preservation, protection and continuity of the business of the Company and its subsidiaries and other Confidential Information and goodwill of the Company and its subsidiaries to the extent and for the periods of time expressly agreed to
herein. Employee acknowledges and agrees that he has carefully read this Agreement and has given careful consideration to the restraints imposed upon Employee by this Agreement, and is in full accord as to their necessity for the reasonable and
proper protection of confidential and proprietary information of the Company and its subsidiaries now existing or to be developed in the future. Employee expressly acknowledges and agrees that each and every restraint imposed by this Agreement is
reasonable with respect to subject matter, time period and geographical area. 

  

	 	(b)	Notwithstanding any provision to the contrary herein, the Company or its subsidiaries may pursue, at its discretion, enforcement of Section 11 in any court of competent
jurisdiction (each, a “Court”). 

  

	 	(c)	 Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of
this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or any other jurisdiction, but

  

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this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained
herein. More specifically, if any Court determines that any of the covenants set forth in Section 11 are overbroad or unreasonable under applicable law in duration, geographical area or scope, the parties to this Agreement specifically agree
and authorize such Court to rewrite this Agreement to reflect the maximum duration, geographical area and/or scope permitted under applicable law. 

  

	 	(d)	Because Employee’s services are unique and because Employee has intimate knowledge of and access to confidential information and work product, the parties hereto agree that
money damages would not be an adequate remedy for any breach of Section 11, and any breach of the terms of Section 11 would result in irreparable injury and damage to the Company and its subsidiaries for which the Company and its
subsidiaries would have no adequate remedy at law. Therefore, in the event of a breach or threatened breach of Section 11, the Company or its successors or assigns, in addition to any other rights and remedies existing in their favor at law or
in equity, shall be entitled to specific performance and/or immediate injunctive or other equitable relief from a Court in order to enforce, or prevent any violations of, the provisions hereof (without posting a bond or other security), without
having to prove damages. The terms of this Section 12 shall not prevent the Company or any of its subsidiaries from pursuing any other available remedies for any breach or threatened breach of this Agreement, including the recovery of damages
from Employee. 

  

	13.	General. For purposes of this Option and any determinations to be made by the Administrator hereunder, the determinations by the Administrator shall be binding upon the
Employee and any transferee. 

 Furthermore, by acceptance of this Option, the undersigned agrees hereby to become a party to,
and be bound by the terms of, the Stockholders Agreement as a Manager (and to the extent the undersigned is not already a party thereto, the undersigned shall execute a joinder thereto in form and substance acceptable to the Company). The Option and
shares of Stock comprising Units issued upon exercise of the Option will be treated as Management Shares under the Stockholders Agreement. 
  

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 EXECUTION COPY 
 IN WITNESS WHEREOF, the undersigned Company and Employee each have executed this Non-Qualified Stock Option Agreement as of the 13th day of April, 2006. 
  

											
	 THE COMPANY:
	 		 	BURLINGTON COAT FACTORY HOLDINGS, INC.
					
		 		 		 	 By:
	 	  
		 		 		 		 	 Name:
	 	
		 		 		 		 	 Title:
	 	
			
	 The Employee:

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