0001104659-08-038568 Sample Contracts

SEPARATION AGREEMENT AND RELEASE
Separation Agreement and Release • June 6th, 2008 • Michaels Stores Inc • Retail-hobby, toy & game shops • Texas
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MICHAELS STORES, INC. Restricted Stock Award Agreement
Restricted Stock Award Agreement • June 6th, 2008 • Michaels Stores Inc • Retail-hobby, toy & game shops

The undersigned (i) acknowledges that [he/she] has received an award (the “Award”) of restricted stock from Michaels Stores, Inc. (the “Company”) under the Michaels Stores, Inc. 2006 Equity Incentive Plan (the “Plan”), subject to the terms set forth below and in the Plan; (ii) further acknowledges receipt of a copy of the Plan as in effect on the date hereof; and (iii) agrees with the Company as follows:

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