Gregg Investment Corporation, LLC Restricted Unit Plan

Exhibit 10.15


GREGG INVESTMENT CORPORATION, LLC


2005 RESTRICTED UNIT SUBSCRIPTION PLAN


Section 1. Description of Plan . This is the 2005 Restricted Unit Subscription Plan, dated June 14, 2005 (the " Plan" ), of Gregg Investment Corporation, LLC, a Delaware limited liability company (the " Company" ). Under the Plan, directors, officers, employees and consultants of Gregg Appliances, Inc., a majority owned subsidiary of the Company (" Gregg" ), to be selected as set forth below, may be sold and issued Series A Units of the Company (" Units" ).

Section 2. Purpose of Plan . The purpose of the Plan and the issuance and sale of Units to specified persons is to further the growth, development and financial success of the Company and Gregg by providing additional incentives to directors, officers, employees and consultants of Gregg. By assisting such persons in acquiring Units, the Company can ensure that such persons will themselves benefit directly from the Company' s and Gregg' s growth, development and financial success and increases in value in the Company' s investment in Gregg arising therefrom.


Section 3. Eligibility . The persons who shall be eligible to receive Units under the Plan shall be the directors, officers, employees and consultants of Gregg, designated by the Managing Member (as defined below) and the Board of Directors of Gregg (each, a " Participant" ).


Section 4. Administration . The Plan shall be administered by the Managing Member of the Company (the " Managing Member" ) who shall be empowered to interpret and administer the Plan in its sole discretion.

Section 5. Units Subject to the Plan . Units shall be subject to the Plan when the Managing Member authorizes issuances of Units to Participants and the number of Units subject to the Plan will be the number of outstanding Units, which number may be increased at such time as the Managing Member issues Units, subject to adjustment to reflect any split, combination, recapitalization or reclassification with respect to the Units.


Section 6. Issuance of Units . The Company' s obligation to issue Units pursuant to the Pl ...