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                                                                  EXHIBIT 10.7

                              AMENDED AND RESTATED

                             STEINER LEISURE LIMITED

                          NON-EMPLOYEE DIRECTORS' SHARE

                                   OPTION PLAN

                                 APRIL 27, 2000


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                             STEINER LEISURE LIMITED
                    NON-EMPLOYEE DIRECTORS' SHARE OPTION PLAN

         1.       INTRODUCTION.

         This plan shall be known as the "Steiner Leisure Limited Non-Employee
Directors' Share Option Plan" (this "Plan"). This Plan sets forth the terms of
grants of options (each, an "Option") to purchase the common shares (the
"Shares") of Steiner Leisure Limited (the "Company") to Non-Employee Directors
(as defined below) of the Company. The purpose of this Plan is to advance the
interests of Company and its shareholders by promoting an identity of interest
between the Company's non-employee directors and its shareholders, providing
non-employee directors with a proprietary stake in the Company's success and
strengthening the Company's ability to attract and retain qualified non-employee
directors by affording such persons an opportunity to share in the future
success of the Company.

         2.       DEFINITIONS.

                  (a)      ACT means the Securities Act of 1933, as amended.

                  (b)      BOARD means the Board of Directors of the Company.

                  (c)      COMPANY means Steiner Leisure Limited.

                  (d)      DATE OF GRANT means the date as of which an Option
is granted to a Non-Employee Director pursuant to Section 5 of this Plan.

                  (e)      EXCHANGE ACT means the Securities Exchange Act of
1934, as amended.

                  (f)      FAIR MARKET VALUE means, on the date in question,
or if the prices described in clauses (i) and (ii), below, are not available on
such date, on the latest date preceding the date in question on which such
prices are available, (i) the closing sales price per share of the Shares
underlying an Option on the Nasdaq Stock Market ("Nasdaq") or, if the Shares are
not then traded on Nasdaq, on any national securities exchange, or (ii) if the
Shares are not then traded on Nasdaq or such exchange, and are then traded on an
over-the-counter market, the average of the closing bid and asked prices for the
Shares in such over-the-counter market or (iii) if the Shares are then not
listed on Nasdaq or such exchange, or traded in an over-the-counter market, such
value as the Board may determine.

                  (g)      NON-EMPLOYEE DIRECTOR means a member of the Board
of Directors of the Company who is not an employee of the Company or any
subsidiary (as defined under Rule 12b-2 under the Exchange Act) of the Company
on a date in question.

                  (h)      OPTIONS means the options to purchase Shares granted
pursuant to this Plan.

                  (i)      PLAN means this Steiner Leisure Limited Directors'
Share Option Plan.

                  (j)      SHARES means the common shares of the Company, par
value (U.S.) $.01 per share.

         3.       ADMINISTRATION.

         This Plan shall be administered by the Board or a committee of the
Board so designated by the Board to administer this Plan. Where the context so
requires, references to the Board herein shall refer to any such committee.
Subject to the provisions of this Plan, the Board shall be authorized to
interpret this Plan, to establish, amend and rescind any rules and regulations
relating to this Plan and to make all other determinations necessary or
advisable for the administration of this Plan; provided, however, that the Board
shall have no discretion with respect to the selection of directors to receive
Options, the number of Shares to be received upon exercise of Options or the
timing of grants of Options, all of which shall be determined in accordance with




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the provisions of this Plan. Notwithstanding the foregoing, the Board may amend
this Plan pursuant to Section 8, below. The determinations of the Board in the
administration of this Plan, as described herein, shall be final and conclusive.
The Chairman of the Board and the Chief Operating Officer of the Company, and
either of them, shall be authorized to implement this Plan in accordance with
its terms and to take such actions of a ministerial nature as shall be necessary
to effectuate the intent and purposes thereof. Except as otherwise provided
herein, the validity, construction and effect of this Plan and any rules and
regulations relating to this Plan shall be determined in accordance with the
laws of the Commonwealth of the Bahamas subject to any applicable requirements
under United States federal or state securities laws.

         4.       ELIGIBILITY; OPTION AGREEMENT.

         Only Non-Employee Directors shall be eligible to receive Options under
this Plan. Options shall be evidenced by written option agreements in such form
as the Board shall approve.

         5.       GRANTS OF OPTIONS.

         Options shall be granted to Non-Employee Directors, subject to Section
5(o), below, and the limitation on the number of Shares that may be issued under
this Plan as described in Section 6, below, as follows:

                  (a) GRANTS TO INITIAL DIRECTORS. Each of the initial four
Non-Employee Directors (the "Initial Directors") shall be granted, on the
effective date of the appointment or election of such Initial Director (the
"Initial Effective Date") without the need for further action by the Board, an
Option to purchase that number of Shares equal to 2,813 (which reflects
adjustment for splits of the Shares after the grant thereof) multiplied by a
fraction, the numerator of which is the number of days from the Initial
Effective Date until the scheduled date of the then next annual meeting of
Shareholders of the Company ("Annual Meeting") (or, if such date has not yet
been scheduled, a date approximating the date of the next Annual Meeting as
determined in good faith by the Board), and the denominator of which is 365.

                  (b) ANNUAL GRANTS. On the date of each Annual Meeting during
the term of this Plan (an "Annual Meeting Date") each individual elected or
re-elected as a Non-Employee Director at such meeting or continuing as a
Non-Employee Director shall be granted, without the need for further action by
the Board, an Option to purchase 5,000 Shares. In addition, any Non-Employee
Director who serves as Chairman of a committee of the Board shall be granted on
each Annual Meeting Date an Option to purchase an additional 1,250 Shares for
each such Chairmanship held.

                  (c) OTHER GRANTS. Any new Non-Employee Director who is
appointed by the Board to fill a vacancy on the Board, or who is otherwise
appointed or elected to the Board otherwise than at an Annual Meeting shall be
granted, on the effective date of such appointment or election (the "Effective
Date"), without the need for further action by the Board, an Option to purchase
that number of Shares equal to 5,000 (plus any additional Shares as may be
required by the last sentence of Section 5(b), above) multiplied by a fraction,
the numerator of which is the number of days from the Effective Date until the
scheduled date of the then next Annual meeting (or, if such date has not yet
been scheduled, the anniversary date of the then immediately preceding Annual
Meeting or, in the absence of such date, a date approximating the date of the
next Annual Meeting as determined in good faith by the Board), and the
denominator of which is 365.

                  (d) EXTRAORDINARY GRANTS. On April 27, 2000, each Non-Employee
Director shall receive Options to purchase 5,000 Shares. In addition, the
Non-Employee Director who serves as Chairman of each committee of the Board
shall receive an Option to purchase an additional 1,250 Shares for each such
Chairmanship held.

                  (e) EXERCISE PRICE. The exercise price of each Option shall be
the Fair Market Value of the Shares on the Date of Grant.

                  (f) DURATION OF OPTIONS. Except as otherwise provided herein
or in the option agreement with respect to an Option grant, the latest date on
which an Option may be exercised (the "Final Exercise Date") shall be the date
which is ten years from the Date of Grant.


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                  (g) EXERCISE OF OPTIONS. Except as otherwise provided herein
or in the option agreement with respect to an Option grant, an Option shall
become exercisable one year after the Date of Grant. An Option may be exercised
by giving written notice to the Secretary of the Company specifying the number
of Shares to be purchased, accompanied by the full purchase price for the Shares
to be purchased. An Option may not be exercised for a fraction of a Share.

                  (h) PAYMENT FOR SHARES. Shares purchased pursuant to the
exercise of an Option granted under this Plan shall be paid for as follows: (i)
in cash or by certified check, bank draft or money order payable to the order of
the Company, (ii) through the delivery of Shares having a Fair Market Value on
the last business day preceding the date of exercise equal to the purchase
price, provided that, in the case of Shares acquired directly from the Company,
such Shares have been held for at least six months, or (iii) by a combination of
cash and Shares, as provided in clauses (i) and (ii), above.

                  (i) WITHHOLDING TAXES. Prior to issuance of the Shares upon
exercise of an Option, the Option holder shall pay or make adequate provision
for any applicable United States federal or state, or other tax withholding
obligations of the Company. Where approved by the Board in its sole discretion,
the Option holder may provide for the payment of withholding taxes upon exercise
of the Option by requesting that the Company retain Shares with a Fair Market
Value equal to the amount of taxes required to be withheld. In such case, the
Company shall issue the net number of Shares to the Option holder by deducting
the Shares retained from the Shares with respect to which the Option was
exercised. The Fair Market Value of the Shares to be withheld shall be
determined on the date that the amount of tax to be withheld is to be
determined. All elections by Option holders to have Shares withheld for this
purpose shall be made in writing in form acceptable to the Board.

                  (j) DELIVERY OF SHARE CERTIFICATES. Until the issuance (as
evidenced by the appropriate entry on the books of the Company or of a duly
authorized transfer agent of the Company) of the certificate evidencing the
Shares underlying an Option, an Option holder shall not have any rights as a
shareholder of the Company. A certificate for the number of Shares purchased
pursuant to the exercise of an Option shall be issued as soon as practicable
after exercise of the Option. However, the Company shall not be obligated to
deliver a certificate evidencing Shares issuble under an Option (i) until, in
the opinion of the Company's counsel, all applicable Bahamas and United States
federal and state laws and regulations have been complied with and any
applicable taxes have been paid, (ii) if the Shares are at the time traded on
Nasdaq or any national securities exchange, until the Shares represented by the
certificate to be delivered have been listed or are authorized to be listed on
Nasdaq or such exchange, and (iii) until all other legal matters in connection
with the issuance and delivery of such certificate have been approved by the
Company's counsel. If the sale of Shares has not been registered under the Act,
the Company may require, as a condition to exercise of the Option, such
representations or agreements as counsel for the Company may consider
appropriate to avoid violation of the Act and may require that the certificate
evidencing such Shares bear an appropriate legend restricting transfer. The
inability of the Company to obtain authority from any regulatory body having
jurisdiction, which authority is deemed by the Company's counsel to be necessary
to the lawful issuance and sale of any Shares hereunder, shall relieve the
Company of any liability in respect of the failure to issue or sell such Shares.

                  (k) ASSIGNMENT OR TRANSFER. Except as set forth in this
Section 5(j), no Option may be transferred other than by will or by the laws of
descent and distribution, and during a Non-Employee Director's lifetime an
Option may be exercised only by the Non-Employee Director to whom it was
granted. An Option may be transferred to a (i) Non-Employee Director's spouse,
children or grandchildren (referred to herein as "Family Members"), (ii) a trust
or trusts for the exclusive benefit of Family Members or (iii) a partnership in
which Family Members are the only partners. Any transfer pursuant to this
Section 5 (j) shall be subject to the following: (i) there shall be no
consideration for such transfer, (ii) there may be no subsequent transfers
without the approval of the Board and (iii) all transfers shall be made so that
no liability under Section 16(b) of the Exchange Act arises as a result of such
transfer. Following any transfer, an Option shall continue to be subject to the
same terms and conditions as were applicable to the Non-Employee Director
immediately prior to transfer, with the transferee being deemed to be the
Non-Employee Director for such purposes, except that the events of death and
termination of service described in Sections 5(k) and 5(l), below, shall
continue to apply with respect to the Non-Employee Director.



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                  (l) DEATH. Upon the death of a Non-Employee Director, all
Options held by such Non-Employee Director that are not then exercisable shall
immediately become exercisable. All Options held by such Non-Employee Director
immediately prior to death may be exercised by his or her executor or
administrator, or by the person or persons to whom the Option is transferred by
will or the applicable laws of descent and distribution, at any time within the
three years following the date of death (but not later than the Final Exercise
Date); provided, however, that the Company shall be under no obligation to
deliver a certificate representing Shares that may be issued pursuant to such
exercise until the Company is satisfied as to the authority of the person or
persons exercising the Option.

                  (m) OTHER TERMINATION OF STATUS OF NON-EMPLOYEE DIRECTOR. If a
Non-Employee Director ceases to be a member of the Board for any reason other
than death, all Options held by such Non-Employee Director that are not then
exercisable shall terminate three years following the date they first become
exercisable. Options that are exercisable on the date of such termination shall
continue to be exercisable for a period of three years following the date of
termination (or until the Final Exercise Date, if earlier). Notwithstanding the
foregoing, all Options held by a Non-Employee Director shall terminate
immediately upon the termination of such Non-Employee Director's membership on
the Board if such termination was based on the misconduct of such Non-Employee
Director. After completion of the aforesaid three-year periods, such Options
shall terminate to the extent not previously exercised, expired or terminated.

                  (n) CHANGE IN CONTROL. In the event of a Change in Control (as
defined below) of the Company, any Options outstanding as of the date of such
Change in Control is determined to have occurred that are not yet exercisable on
such date shall become fully exercisable. For purposes of this Section 5(m) a
"Change in Control" means the happening of any of the following:

                            (i)     any transaction as a result of which a
                                    change in control of the Company would be
                                    required to be reported in response to Item
                                    1(a) of the Current Report on Form 8-K as in
                                    effect on the date hereof, pursuant to
                                    Sections 13 or 15(d) of the Exchange Act,
                                    whether or not the Company is then subject
                                    to such reporting requirement, otherwise
                                    than through an arrangement or arrangements
                                    consummated with the prior approval of the
                                    Board;

                           (ii)     any "person" or "group" within the meaning
                                    of Sections 13(d) and 14(d)(2) of the
                                    Exchange Act (a) becomes the "beneficial
                                    owner," as defined in Rule 13d-3 under the
                                    Exchange Act, of more than 20% of the then
                                    outstanding voting securities of the
                                    Company, otherwise than through a
                                    transaction or transactions arranged by, or
                                    consummated with the prior approval of, the
                                    Board or (b) acquires by proxy or otherwise
                                    the right to vote for the election of
                                    directors, for any merger or consolidation
                                    of the Company or for any other matter or
                                    question, more than 20% of the then
                                    outstanding voting securities of the
                                    Company, otherwise than through an
                                    arrangement or arrangements consummated with
                                    the prior approval of the Board;

                           (iii)    during any period of 24 consecutive months
                                    (not including any period prior to the
                                    adoption of this Plan), Present Directors
                                    and/or New Directors cease for any reason to
                                    constitute a majority of the Board. For
                                    purposes of the preceding sentence, "Present
                                    Directors" shall mean individuals who, at
                                    the beginning of such consecutive 24 month
                                    period, were members of the Board and "New
                                    Directors" shall mean any director whose
                                    election by the Board or whose nomination
                                    for election by the Company's shareholders
                                    was approved by a vote of at least
                                    two-thirds of the Directors then still in
                                    office who were Present Directors or New
                                    Directors; or

                           (iv)     any "person" or "group" within the meaning
                                    of Sections 13(d) and 14(d)(2) of the
                                    Exchange Act that is the "beneficial owner"
                                    as defined in Rule 13d-3 under the Exchange
                                    Act of 20% or more of the then outstanding
                                    voting securities of the Company commences
                                    soliciting proxies.



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                  (n) RULE 16b-3. Options granted hereunder are required to
comply with the applicable provisions of Rule 16b-3 under the Exchange Act and
the award thereof shall contain such additional conditions or restrictions as
may be required thereunder to qualify to the maximum extent for the exemption
from Section 16(b) of the Exchange Act available pursuant to Rule 16b-3.

         6.       SHARES AUTHORIZED.

                  (a) Subject to adjustment as provided below, the aggregate
number of Shares that may be issued pursuant to Options granted under this Plan
is 3,500,000. Such Shares may be authorized, but unissued Shares, or may be
Shares reacquired by the Company and held in treasury. If any Option granted
under this Plan terminates without being exercised in full, the number of Shares
as to which such Option was not exercised shall be available for future grants
within the limits set forth in this Section 6(a).

                  (b) Subject to any required action by the shareholders of the
Company in the event of any reorganization, recapitalization, share split, share
dividend, combination of shares, issuance of rights or any other change in the
capital or corporate structure of the Company, the number of Shares covered by
each outstanding Option and the number of Shares available for issuance under
this Plan, but as to which Options have not been granted or which have been
returned to the Plan upon cancellation or expiration of an Option, as well as
the exercise price per Share under outstanding Options, shall be adjusted
equitably to reflect the occurrence of such event; provided, however, that no
adjustments shall be made except as shall be necessary to preserve, rather than
enlarge or reduce the value of awards under this Plan. Any such adjustment shall
be made by the Board.

         7.       EFFECT AND DISCONTINUANCE.

         Neither adoption of this Plan nor the grant of Options to a
Non-Employee Director hereunder shall confer upon any person any right to
continued status as a director of the Company or affect in any way the right of
the Company to terminate a director at any time. The Board may at any time
discontinue granting Options under this Plan.

         8.       EFFECTIVE DATE; TERMINATION AND AMENDMENT OF PLAN.

                  (a) The effective date of this Plan shall be the date of its
adoption by the Board of Directors and shareholders of the Company as indicated
on the cover page of this Plan. The final award under this Plan shall be made on
the date of the Annual Meeting in 2006, but the pertinent terms of this Plan
shall continue thereafter while previously awarded Options remain outstanding.

                  (b) The Board may terminate or amend this Plan as it shall
deem advisable or to conform to any change in any law or regulation applicable
thereto; provided, however, that the Board may not make any amendment that would
reduce any award previously made under this Plan.

         9.       GENERAL PROVISIONS.

                  (a) Nothing in this Plan is intended to be a substitute for,
or shall preclude or limit the establishment or continuation of, any other plan,
practice or arrangement for the payment of compensation or benefits to
Non-Employee Directors that the Company now has or may hereafter put into
effect.

                  (b) Options awarded hereunder and Shares underlying such
Options shall be held by the Non-Employee Director for such period of time
required so as to avoid liability under Section 16(b) of the Exchange Act.

                  (c) Headings are given to sections of this Plan solely as a
convenience to facilitate reference and are not intended to affect the meaning
of any provision hereof. The references herein to any statute, regulation or
other provision of law shall be construed to refer to any amendment or successor
to such provisions.