ANNTAYLOR STORES CORP
FORM OF 2000 STOCK OPTION AND RESTRICTED STOCK AWARD PLAN RESTRICTED
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<DESCRIPTION>FORM OF 2000 STOCK OPTION AND RESTRICTED STOCK AWARD PLAN RESTRICTED
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<TITLE>Form of 2000 Stock Option and Restricted Stock Award Plan Restricted</TITLE>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 10.9 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="3"><B>2000 STOCK OPTION AND RESTRICTED STOCK </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"><B>AWARD PLAN, AS AMENDED </B></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"><B>RESTRICTED STOCK AWARD AGREEMENT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="3"><B>TIME-VESTING RESTRICTED STOCK </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">This Restricted Stock Award Agreement (the &#147;Agreement&#148;), is entered into as of
<B>&laquo;Date&raquo;</B> (the &#147;Grant Date&#148;), by and between AnnTaylor Stores Corporation, a Delaware corporation (the &#147;Company&#148;), and <B>&laquo;Name&raquo;</B>, an employee of the Company or a Subsidiary Corporation (the
&#147;Grantee&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Pursuant to the AnnTaylor Stores Corporation 2000 Stock Option and Restricted Stock and Unit Award Plan, as amended
(the &#147;Plan&#148;), the Compensation Committee of the Board of Directors of the Company (the &#147;Committee&#148;) or its designee has determined that the Grantee shall be granted Restricted Shares upon the terms and subject to the conditions
hereinafter contained. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Plan. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">1. <U>Number of
Shares</U>. The Grantee is hereby granted <B>&laquo;Shares&raquo;</B> Restricted Shares, subject to the restrictions set forth herein. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2.
<U>Terms of Restricted Shares</U>. The grant of Restricted Shares provided in Section&nbsp;1 hereof shall be subject to the following terms, conditions and restrictions: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(a) Subject to the restrictions set forth in the Plan and this Agreement, the Grantee shall possess all incidents of ownership of the Restricted Shares granted hereunder, including the right to receive dividends with
respect to such shares and the right to vote such shares. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) Restricted Shares, and any interest therein, may not be sold, assigned,
transferred, pledged, hypothecated or otherwise disposed of, except by will or the laws of descent and distribution, prior to the lapse of restrictions set forth in the Plan and this Agreement applicable thereto, as set forth in Section&nbsp;4
hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) Notwithstanding any other provision of this Agreement, in no event shall any outstanding restrictions lapse prior to the
satisfaction by the Grantee of the liabilities described in Section&nbsp;7 hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) The Committee may, in its discretion, cancel all or
any part of any outstanding restrictions prior to the expiration of the periods provided in Section&nbsp;4 hereof. </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">3. <U>Certificate: Restrictive Legend</U>. The Grantee agrees that any certificate issued for Restricted
Shares prior to the lapse of any outstanding restrictions relating thereto shall be inscribed with the following legend: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">This certificate
and the shares of stock represented hereby are subject to the terms and conditions, including forfeiture provisions and restrictions against transfer (the &#147;Restrictions&#148;), contained in the AnnTaylor Stores Corporation 2000 Stock Option and
Restricted Stock and Unit Award Plan and an agreement entered into between the registered owner and the Company. Any attempt to dispose of these shares in contravention of the Restrictions, including by way of sale, assignment, transfer, pledge,
hypothecation or otherwise, shall be null and void and without effect. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4. <U>Lapse of Restrictions</U>. Except as may otherwise be
provided herein, the restrictions on transfer set forth in Section&nbsp;2(b) shall lapse: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(a) with respect to
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> percent (<U>&nbsp;&nbsp;&nbsp;&nbsp;</U>%) of the Restricted Shares, on<U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> ; </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) [insert specifications regarding schedule for lapse of restrictions]. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Upon each lapse of restrictions relating to Restricted Shares, and provided that the Grantee shall have complied with the Grantee&#146;s obligations
under Section&nbsp;7 hereof, the Company shall issue to the Grantee or the Grantee&#146;s personal representative a stock certificate representing one share of Common Stock, free of the restrictive legend described in Section&nbsp;3 hereof, in
exchange for each whole Restricted Share with respect to which such restrictions have lapsed. If certificates representing such Restricted Shares shall have theretofore been delivered to the Grantee, the Grantee shall return such certificates to the
Company, complete with any necessary signatures or instruments of transfer, prior to the issuance by the Company of such unlegended shares of Common Stock. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">5. <U>Effect of Certain Changes</U>. Upon the occurrence of an Acceleration Event, all restrictions then outstanding with respect to the Restricted Shares shall automatically lapse and be of no further force and
effect. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">6. <U>Termination of Employment</U>. In the event that the Grantee ceases to be employed by the Company or any of its divisions or
Subsidiary Corporations, for any reason, prior to the end of the Restricted Period, all Restricted Shares with respect to which the restrictions set forth in Section&nbsp;4 hereof shall not yet have lapsed (taking into account Sections 2 and 5)
shall thereupon be automatically forfeited by the Grantee. Restricted Shares forfeited pursuant to the preceding sentence shall be transferred to, and reacquired by, the Company without payment of any consideration by the </FONT>
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<FONT FACE="Times New Roman" SIZE="2">Company, and neither the Grantee nor any of the Grantee&#146;s successors, heirs, assigns or personal representatives shall thereafter have any further
rights or interests in such shares or certificates. If certificates containing restrictive legends shall have theretofore been delivered to the Grantee or the Grantee&#146;s personal representative, the Grantee or Grantee&#146;s personal
representative shall return such certificates to the Company, complete with any necessary signatures or instruments of transfer. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7.
<U>Taxes</U>. The Grantee shall pay to the Company promptly upon request, and in any event at the time the Grantee recognizes taxable income in respect of the Restricted Shares (or the Grantee makes an election under Section&nbsp;83(b) of the
Internal Revenue Code of 1986, as amended (the &#147;Code&#148;), in connection with such grant), an amount equal to the taxes the Company determines it is required to withhold under applicable tax laws with respect to the Restricted Shares. Such
payment shall be made in the form of cash, shares of Common Stock already owned or otherwise issuable upon the lapse of restrictions, or in a combination of such methods, subject to the terms of the Plan. The Grantee shall promptly notify the
Company of any election made pursuant to Section&nbsp;83(b) of the Code. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">8. <U>No Guarantee of Employment</U>. Nothing set forth herein or
in the Plan shall confer upon the Grantee any right of continued employment for any period by the Company or any of its divisions or Subsidiary Corporations, or shall interfere in any way with the right of the Company or any such division or
Subsidiary Corporation to terminate such employment. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">9. <U>Notices</U>. Any notice required or permitted under this Agreement shall be
deemed given when delivered personally, or when deposited in a United States Post Office, postage prepaid, addressed, as appropriate, to the Grantee at the last address specified in Grantee&#146;s employment records, or such other address as the
Grantee may designate in writing to the Company, or to the Company, Attention: Corporate Secretary, 7 Times Square, 15</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000"> Floor, New York, NY 10036, or such other address as the Company may designate in writing to the Grantee. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">10. <U>Failure
To Enforce Not a Waiver</U>. The failure of the Company to enforce at any time any provision of this Agreement shall in no way be construed to be a waiver of such provision or of any other provision hereof. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">11. <U>Governing Law</U>. This Agreement shall be governed by and construed according to the laws of the State of New York, without regard to the
conflicts of laws provisions thereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">12. <U>Incorporation of Plan</U>. A copy of the Plan is attached hereto. The Plan is hereby
incorporated herein by reference and made a part of this Agreement, and this Agreement shall be subject to the terms of the Plan, as it may be amended from time to </FONT>
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<FONT FACE="Times New Roman" SIZE="2">time, provided that such amendment of the Plan is made in accordance with Section&nbsp;10 of the Plan. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">13. <U>Amendments</U>. This Agreement may be amended or modified at any time by an instrument in writing signed by both parties hereto. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">14. <U>Counterparts</U>. This Agreement may be executed in two or more counterparts, each of which shall be an original but all of which together shall
represent one and the same agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">IN WITNESS WHEREOF, the parties have executed this Agreement as of the date and year first set forth
above. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">ANNTAYLOR STORES CORPORATION</FONT></TD>
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<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">GRANTEE:</FONT></TD></TR>
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<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2"><B>&laquo;Name&raquo;</B></FONT></TD></TR>
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