EXHIBIT 10.1

June 23, 2016
Ricardo Quintero
c/o Movado Group, Inc.
650 From Road
Suite 375
Paramus, NJ 07652

Dear Ricardo,
In the interest of your continued service with Movado Group, Inc. (the
“Company”) and in recognition of your contributions to the Company, today the
Compensation Committee of the Board of Directors awarded you (i) 25,000 stock
options with three-year cliff vesting on terms consistent with those used for
the annual equity grants for executives and (ii) a lump-sum bonus of $200,000
payable within thirty days of the date hereof.  If your employment is terminated
by the Company for cause or if you terminate your employment voluntarily, in
either case prior to June 23, 2018, you agree to repay a pro-rated amount of the
lump-sum bonus within thirty days following your termination date.
All other terms of your offer letter dated May 29, 2014 continue to apply.

Very truly yours,                  
/s/ Vivian D’Elia
   
 
 
Vivian D’Elia
   
 
  Sr. Vice President, Human Resources               ACKNOWLEDGED AND AGREED:    
              /s/ Ricardo Quintero        
Ricardo Quintero
 

 
 
 
 

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