Dan Chard Employment Agreement






May 26, 2006 



Mr. Dan Chard 



Re: Terms of Employment 



Dear Dan: 



        This
letter shall confirm our understanding with respect to your new position and terms of
engagement. 



        Your
base salary will be increased to $300,000. This increase will be made retroactive to
February 13, 2006, the date you agreed to accept this new position. The base salary will
be increased by $25,000 in February 2007 and by another $25,000 in February 2008. 



        You
will participate in the executive incentive bonus at the same level as other executive
vice president members of the executive committee. For 2006, your bonus will be equal to
the greater of (a) the amount you would have earned if you had remained President, Nu Skin
Europe under the terms of the bonus plan you were participating in at the time you
accepted this position, and (b) the amount of the corporate bonus you would be entitled to
under the executive bonus plan applicable to executive vice president members of the
executive committee as described above. Upon execution of this letter, you will be paid
the $60,000 European bonus payable to you per the foregoing terms of this letter. 



        Upon
your execution of this letter, you will be granted a stock option for 100,000 shares at an
exercise price equal to the closing price of our Class A Common Stock. The options shall
vest as follows: 



		
	12,500	 	February 13, 2007	 
	12,500	 	February 13, 2008	 
	12,500	 	February 13, 2009	 
	12,500	 	February 13, 2010	 
	50,000	 	February 13, 2011	 








        You
will also receive annual equity incentives on the same terms as other executive vice
president members of the executive committee (currently 35,000 options). The terms of the
options will contain a change in control provision that would provide for acceleration of
vesting in the event you are terminated following a change in control on the terms
generally provided to other executive vice president members of the executive committee,
or in the event the options are not assumed, or equivalent replacement options issued, by
the successor corporation. 



        In
the event your employment is terminated by the company other than for cause, the Company
will make a severance payment to you in an amount equal to 1.5 times your then current
base salary. 



        In
addition, the Company will reimburse you for any taxes associate with moving your grand
piano from Germany to Utah. 



        Notwithstanding
anything herein to the contrary, (i) if at the time of your termination of employment with
the Company your are a “specified employee” as defined in Section 409A of the
Internal Revenue Code of 1986, as amended (the “Code”) and the deferral of the
commencement of any payments or benefits otherwise payable hereunder as a result of such
termination of employment is necessary in order to prevent any accelerated or additional
tax under Section 409A of the Code, then the Company will defer the commencement of the
payment of any such payments or benefits hereunder (without any reduction in such payments
or benefits ultimately paid or provided to you) until the date that is six months
following your termination of employment with the Company (or the earliest date as is
permitted under Section 409A of the Code) and (ii) if any other payments of money or other
benefits due to you hereunder could cause the application of an accelerated or additional
tax under Section 409A of the Code, such payments or other benefits shall be deferred if
deferral will make such payment or other benefits compliant under Section 409A of the
Code, or otherwise such payment or other benefits shall be restructured, to the extent
possible, in a manner, determined by the Board, that does not cause such an accelerated or
additional tax. 



        Your
employment shall be on an at-will basis and nothing in this shall letter confer any right
to continue in the employment or service of the Company for any period of specific
duration or interfere with or otherwise restrict in any way the rights of the Company,
which rights are hereby expressly reserved, to terminate your employment or service at any
time for any reason. 



Sincerely
yours,



Truman Hunt
Chief Executive
Officer 



Agreed to this 1st day of June 2006 





/s/ Daniel Chard

Daniel Chard