Exhibit 4.29


 


This document constitutes part of a prospectus covering securities
that have been registered under the Securities Act of 1933.




 


 


Nonqualified
Stock Option Contract


 


THIS NONQUALIFIED
STOCK OPTION CONTRACT is entered into effective as of the 14 day of February, 2008, by and between INTER PARFUMS, INC.,
a Delaware corporation (the “Company”) and _____ (“Option Holder”).


 


W I T N E S S E T H:


 


1.The Company,
in accordance with the resolutions adopted by the Executive Compensation and Stock Option Committee of the Board of Directors of
the Company (the “Committee”) effective on the 14th day of February 2008, and the terms and subject to the
conditions of the Company’s 2004 Stock Option Plan as amended by the Committee pursuant to the French Stock Option Subplan
Addendum dated 14 February 2008 (the “Addendum”) (the 2004 Stock Option Plan and the Addendum are sometimes collectively
referred to as the “2004 Plan”), hereby grants to the Option Holder as of the date set forth above, a nonqualified
stock option to purchase an aggregate of ______ shares (the “Shares”) of the common stock, $.001 par value per
share, of the Company (the “Common Stock”), at the exercise price of U.S.$16.945 per share.


 


2.Subject to earlier
termination as provided in the 2004 Plan, the term of this option shall be for a period of six (6) years from the date hereof,
until 13 February 2014; provided that, this option shall not vest or become exercisable to purchase shares of Common Stock
until 14 February 2012, at which time 100% of this option shall vest and become exercisable to purchase shares of Common Stock.


 


3.(a)Subject
to the provisions contained in Section 2 hereof, this option may be exercised, between 14 February 2012 and 13 February 2014, from
time to time in whole or in part prior to the end of the term of the option (but not with respect to less than 50 Shares (unless
less than 50 Shares remain to be purchased, then such amount remaining), or fractional Shares), by giving written notice to Inter
Parfums SA (4 rond-point des Champs Elysées – 75008 Paris – France, att. Chief Financial Officer ) which will
forward such notice to the Company at its principal office, presently 551 Fifth Avenue, New York, New York 10176, stating that
the Option Holder is exercising this option, specifying the number of Shares purchased and accompanied by payment in full of the
aggregate purchase price therefor (i) in cash or certified check or (ii) with previously acquired shares of Common Stock or a combination
of the foregoing if permitted in the sole discretion of the Committee.


 


(b)The
Option Holder understands that he will be subject to the French Tax laws and he shall have to pay to the French Tax Authorities
and French Social Security Authorities any taxes incurred by reason of exercise of his options rights. In
addition, upon the exercise of this option, the Company may withhold cash and/or Shares to be issued with respect thereto, having
an aggregate fair market value equal to the amount which it determines is necessary to satisfy taxes incurred by reason of such
exercise. Alternatively, the Company may require the holder to pay to the Company such amount, in cash, promptly upon demand. The
Company shall not be required to issue any Shares pursuant to this option until all required payments have been made.


 


4.This option is
not transferable otherwise than by will or the laws of descent and distribution and may be exercised, during the lifetime of the
Option Holder, only by the Option Holder or his legal representatives.


 


5.Nothing in the
2004 Plan or herein shall confer upon the Option Holder any right to continue in the employ of, or be associated with, the Company,
its Parent or any of its Subsidiaries, or interfere in any way with the right to employment or association of the Option Holder
with the Company, its Parent or any of its Subsidiaries.


 






    	 



    	 



    
 


 


6.The Option Holder
understands that the Shares have been registered for issuance to and resale by the Option Holder in Registration Statement No.
333-136988 under the United States Securities Act of 1933, as amended (the “Act”). Resale to the public by the Option
Holder is to be made under Rule 144 under the Act in accordance with the procedure for resale of “affiliate shares”
in the absence of a subsequent effective registration statement for the resale of the Shares. Notwithstanding registration under
the Act, the Option Holder understands that in accordance with the provisions of the Company’s Code of Business Conduct,
(i) the Option Holder must obtain permission from the Company’s Chief Financial Officer prior to any sale of the Shares;
and (ii) the use of material non-public information in connection with the sale of the Company’s shares (“Insider Trading”)
or the communication of such information to others who use it in trading the Company’s shares (“Tipping”) is
strictly prohibited.


 


7.(a)The Option
Holder understands that the Company maintains its internet website at www.interparfumsinc.com which is linked to the United States
Securities and Exchange Commission (“SEC”) Edgar database. The Option Holder can obtain through the Company’s
website, free of charge, its annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments
to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange as soon as reasonably practicable after
the Company has electronically filed with or furnished them to the SEC.


 


(b)In addition,
the Company will cause to be delivered to the Option Holder, upon request to the Company directed to either the Chief Financial
Officer or the Controller, without charge to the Option Holder, a copy of the documents incorporated by reference into the Registration
Statement, other than exhibits (unless such exhibits are specifically incorporated by reference into the Registration Statement).


 


(c)The Option
Holder understands that effectiveness of the French Stock Option Subplan Addendum dated 14 February 2008 is made subject to the
approval of the shareholders of the Company at the next meeting of shareholders, which is scheduled for July or August 2008.


 


8.Notwithstanding
anything to the contrary, if at any time the Chief Executive Officer, Board of Directors of the Company or the Committee shall
determine it its discretion that the listing or qualification of the Shares on any securities exchange, with national securities
association or under any applicable law, or the consent or approval of any governmental regulatory body, is necessary or desirable
as a condition of, or in connection with, the granting of an option, or the issue of Shares thereunder, or the sale of the Shares,
then this option may not be exercised in whole or in part unless such listing, qualification, consent or approval shall have been
effected or obtained free of any conditions not acceptable to the Chief Executive Officer, Board of Directors or the Committee.


 


9.(a)The Company
and the Option Holder further agree that they will both be subject to and bound by all of the terms and conditions of the 2004
Plan, which is incorporated by reference herein and made a part hereof as if fully set forth herein.


 


(b)In the event
the Option Holder's employment by, or association with, the Company, its Parent or any of its Subsidiaries terminates


 


(i)as a result
of serious misconduct (which shall be determined in the sole and absolute discretion of the Committee), then this option shall
immediately terminate; or


 






    	 



    	 



    
 


 


(ii)by
reason of retirement, resignation, or dismissal for other than serious misconduct, then under Section 9.2 of the Addendum, the
Committee shall have the authority, in its sole discretion, to determine whether and under what conditions options granted under
the Addendum will terminate upon the Option Holder leaving the Company and to waive any such condition;
or


 


(iii)in the
event of the death or disability of the Option Holder, then the rights hereunder shall be governed by, and made subject to, the
provisions of the 2004 Plan.


 


(c)In the event
of a conflict between the terms of this Contract and the terms of the 2004 Plan, then in such event, the terms of 2004 Plan shall
govern.


 


(d)Except as otherwise
provided herein, all capitalized terms used herein shall have the same meaning ascribed to them in the 2004 Plan.


 


(e)The Option Holder
agrees that the Company may amend the 2004 Plan and the options granted to the Option Holder under the 2004 Plan, subject to the
limitations contained in the 2004 Plan.


 


10.This Contract
shall be binding upon and inure to the benefit of any successor or assign of the Company and to any executor, administrator or
legal representative entitled by law to the Option Holder's right hereunder.


 


11.This Contract
shall be governed by and construed in accordance with the laws of the State of New York, without regard to the principles of conflicts
of laws.


 


IN WITNESS WHEREOF,
the parties hereto have entered into this Contract effective as of the date first above written.


 





	 	INTER PARFUMS, INC.
	 	 
	 	By: 	
	 	 	Russell Greenberg, Executive Vice
    President
	 	 	 
	 	 	 






 




    	 



    	 



    

 


Schedule of French Executive Officers and Number of Shares
Underlying Option


 


	Last Name	Number of Shares
	 	 
	Philippe Santi	8,500
	Frédéric Garcia-Pelayo	8,500
	Hugues De La Chevasnerie	5,000
	Axel Marot	3,150