Document:

Form of Indemnification Agreement

INDEMNIFICATION
AGREEMENT 

        THIS
INDEMNIFICATION AGREEMENT (the “Agreement”) is made and entered into effective
as of __________________, 200__ between Nu Skin Enterprises, Inc., a Delaware corporation
(“Corporation”), and ________________ (“Indemnitee”). 

RECITALS: 

                     A.    
          WHEREAS, Indemnitee, an officer or a member of the Board of Directors of
          Corporation, performs a valuable service in such capacity for Corporation; and 

                     B.    
          WHEREAS, the directors of Corporation have adopted Bylaws (the
          “Bylaws”) providing for the indemnification of the officers,
          directors, agents and employees of Corporation to the maximum extent authorized
          by Section 145 of the Delaware General Corporation Law, as amended (the
          “DGCL”); and 

                     C.    
          WHEREAS, the Bylaws and the DGCL, by their non-exclusive nature, permit
          contracts between Corporation and the members of its Board of Directors and
          officers with respect to indemnification of such directors and officers; and 

                     D.    
          WHEREAS, in accordance with the authorization as provided by the DCGL,
          Corporation has purchased or may purchase a policy or policies of Directors and
          Officers Liability Insurance (“D & O Insurance”), covering certain
          liabilities that may be incurred by its directors and officers in their
          performance as directors and officers of Corporation; and 

                     E.    
          WHEREAS, as a result of developments affecting the terms, scope and availability
          of D & O Insurance there exists general uncertainty as to the extent of
          protection afforded members of the Board of Directors and officers by such D
          & O Insurance and by statuary and bylaw indemnification provisions; and 

                     F.       
          WHEREAS, in order to induce Indemnitee to serve as a member of the Board of
          Directors or as an officer of Corporation, Corporation has determined and agreed
          to enter into this Agreement with Indemnitee; 

                NOW,
THEREFORE, in consideration of Indemnitee’s service as a director or officer of
Corporation after the date hereof, the parties hereto agree as follows: 

                     1.    
          Indemnity of Indemnitee. Corporation hereby agrees to hold harmless and
          indemnify Indemnitee to the fullest extent authorized or permitted by the
          provisions of the DGCL, as the same may be amended from time to time (but, in
          case of any such amendment, only to the extent that such amendment permits
          Corporation to provide broader indemnification rights than the law permitted
          Corporation to provide prior to the amendment). 

                     2.    
          Additional Indemnity. Subject only to the exclusions set forth in Section
          3 hereof, Corporation hereby further agrees to hold harmless and indemnify
          Indemnitee: 

                                     
(a)    
          against any and all expenses (including attorneys’ fees), witness fees,
          judgments, fines, penalties, and amounts paid in settlement actually and
          reasonably incurred by Indemnitee in connection with any threatened, pending or
          completed action, suit or proceeding, whether civil, administrative or
          investigative (other than an action by or in the right of Corporation)
          (“Indemnifiable Liabilities Against Third Party Suits”) to which
          Indemnitee is, was or at any time becomes a party, or is threatened to be made a
          party, by reason of the fact that Indemnitee is, was or at any time becomes a
          director, officer, employee or agent of Corporation, or is or was serving or at
          any time serves at the request of Corporation as a director, officer, employee
          or agent of another corporation, partnership, joint venture, trust, employee
          benefit plan or other enterprise; and 

                                     
(b)    
          against expenses (including attorneys’ fees) actually and reasonably
          incurred by Indemnitee in connection with the defense or settlement of any
          threatened, pending or completed action or suit by or in the right of
          Corporation (together with Indemnifiable Liabilities Against Third Party Suits,
          “Indemnifiable Liabilities”) to procure a judgment in its favor by
          reason of the fact that Indemnitee is, was or at any time becomes a director,
          officer, employee or agent of Corporation, or is or was serving or at any time
          serves at the request of Corporation as a director, officer, employee or agent
          of another corporation, partnership, joint venture, trust, employee benefit plan
          or other enterprise if Indemnitee acted in good faith and in a manner he or she
          reasonably believed to be in or not opposed to the best interests of Corporation
          and except that no indemnification shall be made in respect of any claim, issue
          or matter as to which such person shall have been adjudged to be liable to
          Corporation unless and only to the extent that the Court of Chancery of the
          State of Delaware or the court in which such action or suit was brought shall
          determine upon application that, despite the adjudication of liability but in
          view of all the circumstances of the case, such person is fairly and reasonably
          entitled to indemnity for such expenses that the Court of Chancery or such other
          court shall deem proper. 

                                     
(c)    
          otherwise to the fullest extent as may be provided to Indemnitee by Corporation
          under the non-exclusivity provisions of Article 5 of the Bylaws of Corporation
          and the DGCL. 

                     3.    
          Limitations on Additional Indemnity. No indemnity pursuant to Section 2
          hereof shall be paid by Corporation: 

                                     
(a)    
          except to the extent the aggregate of losses to be indemnified thereunder
          exceeds the sum of such losses for which Indemnitee is indemnified pursuant to
          Section 1 hereof or pursuant to any D & O Insurance purchased and maintained
          by Corporation; 

                                     
(b)    
          in respect to remuneration paid to Indemnitee if it shall be determined by a
          final judgment or other final adjudication that such remuneration was in
          violation of law; 

                                     
(c)    
          on account of any suit in which judgment is rendered against Indemnitee for an
          accounting of profits made from the purchase or sale by Indemnitee of securities
          of Corporation pursuant to the provisions of Section 16(b) of the Securities
          Exchange Act of 1934, as amended (the “Exchange Act”), or similar
          provisions of any federal, state or local statutory law; 

                                     
(d)    
          on account of Indemnitee’s conduct that is finally adjudged to have been
          knowingly fraudulent or deliberately dishonest, or to constitute willful
          misconduct; 

                                     
(e)    
          on account of Indemnitee’s conduct that is the subject of an action, suit
          or proceeding described in Section 8(c)(ii) hereof; 

                                     
(f)    
          on account of any action, claim or proceeding (other than a proceeding referred
          to in Section 10(b) hereof) initiated by Indemnitee unless such action, claim or
          proceeding was authorized in the specific case by action of the Board of
          Directors; and 

                                     
(g)    
          if a final decision by a court having jurisdiction in the matter shall determine
          that such indemnification is not lawful (and, in this respect, both Corporation
          and Indemnitee have been advised that the Securities and Exchange Commission
          believes that indemnification for liabilities under the federal securities laws
          is against public policy and is, therefore, unenforceable and that claims for
          indemnification should be submitted to appropriate courts for adjudication). 

                     4.    
          Change in Control. 

                                     
(a)    
          The Corporation agrees that if there is a Change in Control of the Corporation
          (other than a Change in Control which has been approved by a majority of the
          Corporation’s Board of Directors who were directors immediately prior to
          such Change in Control) then with respect to all matters thereafter arising
          concerning the rights of Indemnitee to payments of Indemnifiable Liabilities
          under this Agreement and advancement of expenses under Section 8 of this
          Agreement or under any other agreement or under the Corporation’s Amended
          and Restated Certificate of Incorporation or Bylaws, as now or hereafter in
          effect, the Corporation shall only take a position on the coverage or terms of
          the indemnification available under such documents after seeking advice from
          legal counsel selected by Indemnitee and approved by the Corporation (which
          approval shall not be unreasonably withheld) (“Independent Legal
          Counsel”). Such counsel, among other things, shall render its written
          opinion to the Corporation and Indemnitee as to whether and to what extent
          Indemnitee would be permitted to be indemnified under applicable law. The
          Corporation agrees to pay the reasonable fees of the Independent Legal Counsel
          referred to above and to fully indemnify such counsel against any and all
          expenses (including attorneys’ fees), claims, liabilities and damages
          arising out of or relating to this Agreement or its engagement pursuant hereto. 

                                     
(b)    
          As used in this Agreement, the term “Change in Control” shall mean:
          (i) a dissolution or liquidation of the Corporation; (ii) a sale of all or
          substantially all of the assets of the Corporation; (iii) a merger or
          consolidation in which the Corporation is not the surviving corporation and in
          which beneficial ownership of securities of the Corporation representing at
          least 50% of the combined voting power entitled to vote in the election of
          directors has changed; or (iv) a reverse merger in which the Corporation is the
          surviving corporation but the shares of common stock outstanding immediately
          preceding the merger are converted by virtue of the merger into other property,
          whether in the form of securities, cash or otherwise, and in which beneficial
          ownership of securities of the Corporation representing at least 50% of the
          combined voting power entitled to vote in the election of directors has changed;
          or (v) an acquisition by any person, entity or group within the meaning of
          Section 13(d) or 14(d) of the Exchange Act, or any comparable successor
          provisions (excluding any employee benefit plan, or related trust, sponsored or
          maintained by the Corporation or subsidiary of the Corporation or other entity
          controlled by the Corporation) of the beneficial ownership (within the meaning
          of Rule 13d-3 promulgated under the Exchange Act or comparable successor rule)
          of securities of the Corporation representing at least 50% of the combined
          voting power entitled to vote in the election of directors. 

                     5.    
          Contribution. 

                                     
(a)    
          If the indemnification provided in Sections 1 and 2 hereof is unavailable by
          reason of a court decision described in paragraph (g) of Section 3 hereof based
          on grounds other than any of those set forth in paragraphs (b) through (f) of
          Section 3 hereof, then in respect of any threatened, pending or completed
          action, suit or proceeding in which Corporation is jointly liable with
          Indemnitee (or would be if joined in such action, suit or proceeding),
          Corporation shall contribute to the amount of expenses (including
          attorneys’ fees), judgments, fines and amounts paid in settlement actually
          and reasonably incurred and paid or payable by Indemnitee in such proportion as
          is appropriate to reflect (i) the relative benefits received by Corporation on
          the one hand and Indemnitee on the other hand from the transaction from which
          such action, suit or proceeding arose, and (ii) the relative fault of
          Corporation on the one hand and of Indemnitee on the other in connection with
          the events that resulted in such expenses, judgments, fines or settlement
          amounts, as well as any other relevant equitable considerations. The relative
          fault of Corporation on the one hand and of Indemnitee on the other shall be
          determined by reference to, among other things, the parties relative intent,
          knowledge, access to information and opportunity to correct or prevent the
          circumstances resulting in such expenses, judgments, fines or settlement
          amounts. Corporation agrees that it would not be just and equitable if
          contribution pursuant to this Section 5 were determined by pro rata allocation
          or any other method of allocation that does not take account of the foregoing
          equitable considerations. 

                                     
(b)    
          The determination as to the amount of the contribution, if any, shall be made
          by: 

          		(i)a court of competent jurisdiction upon the application of both Indemnitee and
               Corporation (if an action or suit had been brought in, and final determination
               had been rendered by, such court); or 

               

               	 	(ii)

                     the Board of Directors by a majority vote of a quorum consisting of directors
                    who were not parties to such action, suit or proceeding. 

                    

                     6.    
          Continuation of Obligations. All agreements and obligations of
          Corporation contained herein shall continue during the period Indemnitee is a
          director, officer, employee or agent of Corporation (or is or was serving at the
          request of Corporation as a director, officer, employee or agent of another
          corporation, partnership, joint venture, employee benefit plan or other
          enterprise) and shall continue thereafter so long as Indemnitee is subject to
          any possible or threatened, pending or completed action, suit or proceeding,
          whether civil, criminal or investigative, by reason of the fact that Indemnitee
          was a director of Corporation or serving in any other capacity referred to
          herein. 

                     7.    
          Notification and Defense of Claim. Not later than thirty (30) days after
          receipt by Indemnitee of notice of the commencement of any action, suit or
          proceeding, Indemnitee will, if a claim in respect thereof is to be made against
          Corporation under this Agreement, notify Corporation of the commencement
          thereof; but the omission so to notify Corporation will not relieve Corporation
          from any liability that it may have to Indemnitee otherwise than under this
          Agreement. With respect to any such action, suit or proceeding as to which
          Indemnitee notifies Corporation of the commencement thereof: 

                                     
(a)    
          Corporation will be entitled to participate therein at its own expense; 

                                     
(b)    
          except as otherwise provided below, to the extent that it may wish, Corporation
          jointly with any other indemnifying party similarly notified will be entitled to
          assume the defense thereof with counsel reasonably satisfactory to Indemnitee.
          After notice from Corporation to Indemnitee of its election so as to assume the
          defense thereof, Corporation will not be liable to Indemnitee under this
          Agreement for any legal or other expenses subsequently incurred by Indemnitee in
          connection with the defense thereof other than reasonable costs of investigation
          or as otherwise provided below. Indemnitee shall have the right to employ its
          counsel in such action, suit or proceeding but the fees and expenses of such
          counsel incurred after notice from Corporation of its assumption of the defense
          thereof shall be at the expense of Indemnitee unless (i) the employment of
          counsel by Indemnitee has been authorized by Corporation, (ii) Indemnitee shall
          have reasonably concluded that there may be a conflict of interest between
          Corporation and Indemnitee in the conduct of the defense of such action, suit or
          proceeding or (iii) Corporation shall not in fact have employed counsel to
          assume the defense of such action, in each of which cases the fees and expenses
          of Indemnitee’s separate counsel shall be at the expense of Corporation.
          Corporation shall not be entitled to assume the defense of any action, suit or
          proceeding brought by or on behalf of Corporation or as to which Indemnitee
          shall have made the conclusion provided for in clause (ii) above; 

                                     
(c)    
          Corporation shall not be liable to indemnify Indemnitee under this Agreement for
          any amounts paid in settlement of any action, suit or proceeding or claim
          effected without its written consent. Corporation shall be permitted to settle
          any action, suit or proceeding except that it shall not settle any action, suit
          or proceeding in any manner that would impose damages that will not be paid or
          covered by the Company or proceeds of insurance provided by the Company, or any
          penalty or limitation without Indemnitee’s written consent. Neither
          Corporation nor Indemnitee will unreasonably withhold its consent to any
          proposed settlement. 

                     8.    
          Advancement and Repayment of Expenses. 

                                     
(a)    
          In the event that Indemnitee employs his own counsel pursuant to Section 7(b)(i)
          through (iii) above, Corporation shall advance to Indemnitee, prior to any final
          disposition of any threatened or pending action, suit or proceeding, whether
          civil, administrative or investigative, any and all reasonable expenses
          (including legal fees and expenses) incurred in investigating or defending any
          such action, suit or proceeding within ten (10) days after receiving copies of
          invoices presented to Indemnitee for such expenses. 

                                     
(b)    
          Indemnitee agrees that he will reimburse Corporation for all reasonable expenses
          paid by Corporation in defending any civil or criminal action, suit or
          proceeding against Indemnitee in the event and only to the extent it shall be
          determined by a final judicial decision (from which there is no right of appeal)
          that Indemnitee is not entitled under the provisions of the DGCL, the Bylaws,
          this Agreement or otherwise, to be indemnified by Corporation for such expenses. 

                                     
(c)    
          Notwithstanding the foregoing, Corporation shall not be required to advance such
          expenses to Indemnitee if Indemnitee (i) commences any action, suit or
          proceeding as a plaintiff; unless such advance is specifically approved by a
          majority of the Board of Directors, or (ii) is a party to an action, suit or
          proceeding brought by Corporation and approved by a majority of the Board of
          Directors that alleges willful misappropriation of corporate assets by
          Indemnitee, disclosure of confidential information in violation of
          Indemnitee’s fiduciary or contractual obligations to Corporation, or any
          other willful and deliberate breach in bad faith of Indemnitee’s duty to
          Corporation or its stockholders. 

                                     
(d)    
          Notwithstanding anything contained herein, in the event any payment of
          Indemnifiable Liabilities would be deemed to violate the prohibitions against
          loans to directors or executive officers contained in Section 402 of the
          Sarbanes-Oxley Act of 2002 or any comparable rule or regulation, then the
          payment of such Indemnifiable Liabilities shall be restructured by Corporation
          in such a manner as may be determined by the reasonable business judgment of its
          disinterested directors to comply with the provisions of these regulations. 

                     9.    
          Partial Indemnification. If Indemnitee is entitled under any provision of
          this Agreement to indemnification by the Corporation for some or a portion of
          Indemnifiable Liabilities incurred, but not, however, for all of the total
          amount thereof, the Corporation shall nevertheless indemnify Indemnitee for the
          portion of such Indemnifiable Liabilities to which Indemnitee is entitled. 

                     10.    
          Enforcement. 

                                     
(a)    
          Corporation expressly confirms and agrees that it has entered into this
          Agreement and assumed the obligation imposed on Corporation hereby in order to
          induce Indemnitee to serve as a director or officer of Corporation, and
          acknowledges that Indemnitee is relying upon this Agreement in serving in such
          capacity. 

                                     
(b)    
          In the event Indemnitee is required to bring any action to enforce rights or to
          collect moneys due under this Agreement and is successful in such action,
          Corporation shall reimburse Indemnitee for all of Indemnitee’s reasonable
          fees and expenses in bringing and pursuing such action. 

                     11.    
          Burden of Proof. In connection with any determination by the Reviewing
          Party or otherwise as to whether the Indemnitee is entitled to be indemnified
          hereunder, the burden of proof shall be on Corporation to establish that
          Indemnitee is not so entitled. As used in this Agreement, the term
          “Reviewing Party” shall mean any person or body appointed by the Board
          of Directors and approved by the Indemnitee (which approval shall not be
          unreasonably withheld) in accordance with applicable law to review
          Corporation’s obligations hereunder and under applicable law. The Reviewing
          Party may include any member of Corporation’s Board of Directors, any
          independent legal counsel selected by Corporation, or any other person or body
          who is not a party to the particular Claim for which the Indemnified Person is
          seeking indemnification, in each case as appointed by the Board of Directors. 

                     12.    
          Appeal. If any Reviewing Party determines that the Indemnitee
          substantively is not entitled to be indemnified hereunder, in whole or in part,
          under applicable law, or fails to undertake its obligations under this Agreement
          within a reasonable timeframe, the Indemnitee shall have the right to commence
          litigation to seek an initial determination by the court or to challenge any
          such determination by such Reviewing Party or any aspect thereof, including the
          legal or factual bases therefor, and Corporation hereby consents to service of
          process and to appear in any such proceeding. Absent such litigation, any
          determination by any Reviewing Party shall be conclusive and binding upon
          Corporation and the Indemnitee. 

                     13.    
          Subrogation. In the event of payment under this Agreement, Corporation
          shall be subrogated to the extent of such payment to all of the rights of
          recovery of each Indemnitee, who shall execute all documents required and shall
          do all acts that may be necessary to secure such rights and to enable
          Corporation effectively to bring suit to enforce such rights. 

                     14.    
          Non-Exclusivity of Rights. The contract rights conferred on Indemnitee by
          this Agreement shall be in addition to, but not exclusive of any other right
          that Indemnitee may have or hereafter acquire under any statute, provisions of
          Corporation’s Certificate of Incorporation or Bylaws, agreement, vote of
          the stockholders or directors, or otherwise, both as to action in his official
          capacity and as to action in another capacity while holding office. 

                     15.    
          Survival of Rights. The rights conferred on Indemnitee by this Agreement
          shall continue after Indemnitee has ceased to be a director, officer, employee
          or other agent of Corporation and shall inure to the benefit of
          Indemnitee’s heirs, executors and administrators. 

                     16.    
          Separability. Each of the provisions of this Agreement is a separate and
          distinct agreement and is independent of the others, so that if any or all of
          the provisions hereof are held to be invalid or unenforceable for any reason,
          such invalidity or enforceability shall not affect the validity or
          enforceability of the other provisions hereof or the obligation of Corporation
          to indemnify Indemnitee to the fullest extent provided by the Bylaws or the
          DGCL. 

                     17.    
          Governing Law. This Agreement shall be interpreted and enforced in
          accordance with the laws of the State of Delaware. 

                     18.    
          Binding Effect. This Agreement shall be binding upon Indemnitee and upon
          Corporation, its successors and assigns, and shall inure to the benefit of
          Indemnitee, his heirs, personal representatives and assigns and to the benefit
          of Corporation, its successors and assigns. 

                     19.    
          Amendment and Termination. No amendment, modification, termination or
          cancellation of this Agreement shall be effective unless in writing signed by
          both parties hereto. 

                IN
WITNESS WHEREOF, the parties hereto have executed this Agreement to be effective as of the
day and year first above written. 

				
	INDEMNITEE: 	 	 	CORPORATION: 	 	 
	 	 	 	 	 	 
	 	 	 	NU SKIN ENTERPRISES, INC.	 	 
	 	 	 	A Delaware corporation	 	 
	 	 	 	 	 	 
	______________________________	 	 	By:  _____________________________	 	 
	 	 	 	       Its: Chief Executive OfficerDeferred Compensation Plan dated Janaury 1, 2009

NU SKIN ENTERPRISES,
INC. 

DEFERRED COMPENSATION
PLAN 

	  	        First
Effective as of December 14, 2005 Amended and Restated as of December 19, 2008 but
Effective January 1, 2009 

NU SKIN ENTERPRISES,
INC. 

DEFERRED COMPENSATION
PLAN 

TABLE OF CONTENTS 

NU SKIN ENTERPRISES,
INC. 

DEFERRED COMPENSATION
PLAN 

PREAMBLE 

Nu Skin Enterprises, Inc., (the
“Company”) has previously established the Nu Skin Enterprises, Inc.
Deferred Compensation Plan (the “Plan”). The purpose of the Plan is to provide a
select group of management, highly compensated employees, or Directors of the Company (and
certain affiliates) with the opportunity to defer a portion of their compensation. The
Plan is intended to constitute an unfunded “top hat” plan described in
Section 201(2), 301(a)(3), and 401(a)(1) of the Employee Retirement Income Security
Act of 1974, as amended (“ERISA”). As a “top hat” plan, the Plan is
not subject to ERISA’s eligibility, vesting, funding, or fiduciary responsibility
requirements. The Plan has made a notice filing with the United States Department of Labor
(the “DOL”) and is required to provide information to the DOL on request. 

The Plan has been, and shall continue
to be, administered in good faith compliance with Section 409A and interim guidance
issued thereunder from December 15, 2005 until January 1, 2008. This Plan was
first amended and restated effective as of January 1, 2008 to comply with final
regulations issued under Section 409A of the Code. 

The Plan is hereby amended and
restated effective January 1, 2009, to change the vesting schedule and payment terms
applicable to Participants who are employed with the Company on or after January 1, 2009. 

ARTICLE 1 

DEFINITIONS 

The following words and phrases used
in the Plan with the initial letter capitalized shall have the meanings set forth in this
Article, unless a clearly different meaning is required by the context in which the word
or phrase is used: 

     1.1.    
          “Account” means all of such accounts as are established under
          this Plan from time to time.

1.2. “Affiliate” means (a) a
          corporation that is a member of the same control group of corporations (within
          the meaning of Section 414(b) of the Code) as is the Company, (b) any
          other trade or business (whether or not incorporated) controlling, controlled
          by, or under common control (within the meaning of Section 414(c) of the
          Code) with the Company, and (c) any other corporation, partnership, or
          other organization that is a member of an affiliated service group (within the
          meaning of Section 414(m) of the Code) with the Company or which is
          otherwise required to be aggregated with the Company under Section 414(o)
          of the Code. 

     1.3.    
          “Base Salary” means a Participant’s annual base salary,
          excluding bonuses, commissions, incentive and all other remuneration for
          services rendered to the Company and prior to reduction for any salary
          deferrals, including but not limited to, deferrals under plans established
          pursuant to Section 125 of the Code or qualified pursuant to
          Section 401(k) of the Code. 

     1.4.    
          “Beneficiary” means the person or entity that a Participant, in
          his most recent written designation filed with the Plan Administrator has
          designated to receive his benefit under the Plan in the event of his death.
          Changes in designations of Beneficiaries may be made upon written notice to the
          Plan Administrator in any form as the Plan Administrator may prescribe. 

     1.5.    
          “Board of Directors” or “Board” means the
          Board of Directors of the Company. 

     1.6.    
          “Bonus” means the additional cash compensation paid to a
          Participant by the Company or an Affiliate pursuant to any incentive or bonus
          plan, program, or practice of the Company or an Affiliate. 

     1.7.    
          “Cause.” Termination of employment or service for
          “Cause” shall mean the termination of a Participant’s employment
          with or service to the Company (for purposes of this Section 1.7,
          “Company” shall refer to the Company and any affiliates or
          subsidiaries of the Company) because of: 

               	(a) 	       

                     a material breach by the Participant of any of the Participant’s
                    obligations under the Company’s Key Employee Covenants or any Employment
                    Agreement, which breach is (i) not cured within any applicable cure period set
                    forth in the Key Employee Covenants or employment agreement, and (ii) materially
                    injurious to the Company; 

                    

               	(b) 	       

                     any willful violation by the Participant of any material law or regulation
                    applicable to the business of the Company, which is materially injurious to the
                    Company, or the Participant’s conviction of, or a plea of nolo contendre
                    to, a felony or any willful perpetration of common law fraud; or 

                    

          		    (c)       
               any other willful misconduct by the Participant that is materially injurious to
               the financial condition or business reputation of, or is otherwise materially
               injurious to, the Company or any of its subsidiaries or affiliates. 

               

     1.8.    
          “Change of Control” means a “change in the ownership of
          the Employer,” a “change in effective control of the Employer,”
          and/or a “change in the ownership of a substantial portion of the
          Employer’s assets” as defined under Treasury Regulation
          § 1.409A-3(i)(5). 

     1.9.    
          “Code” means the Internal Revenue Code of 1986, as amended. 

     1.10.    
          “Company” means NU SKIN ENTERPRISES, INC. and any successor
          corporations. 

     1.11.    
          “Company Contribution” means contributions by the Company
          pursuant to Section 3.2 of this Plan. 

     1.12.    
          “Company Contribution Account” means the bookkeeping account
          maintained by or for the Company for each Participant that is credited with an
          amount equal to the Company Contributions Amount, if any, and earnings and
          losses credited on such amounts pursuant to Section 4.2. 

     1.13.    
          “Compensation” means Base Salary or Director Fees payable in
          such Plan Year, and Bonuses earned in such Plan Year (whether payable during
          such Year or the following Year), that the Participant is entitled to receive
          for services rendered to the Company. 

     1.14.    
          “Compensation Committee” means the compensation committee
          appointed by the Board of Directors, which includes select members of the Board
          of Directors. 

     1.15.    
          “Deferral Account” means the bookkeeping account maintained by
          or for the Plan Administrator for each Participant, which account is credited
          with amounts equal to the portion of the Participant’s Compensation that he
          or she elects to defer, and the earnings and losses pursuant to
          Section 4.1. 

     1.16.    
          “Deferral Contributions” means contributions by a Participant
          pursuant to Section 3.1 of this Plan. 

     1.17.    
          “Director” means a non-employee director of the Company. 

     1.18.    
          “Director Fees” means all Board and committee meeting fees
          payable to a Director, and any annual retainer payable for a Plan Year beginning
          after the Effective Date, determined in each case before reduction for amounts
          deferred under the Plan. Director Fees do not include expense reimbursements,
          incentive stock awards or any form of noncash compensation or benefits. 

     1.19.    
          “Disability” means any illness or other physical or mental
          condition of a Participant that renders the Participant unable to engage in any
          substantial gainful activity by reason of any medically determinable physical or
          mental impairment which can be expected to result in death or can be expected to
          last for a continuous period of not less than 12 months, or any medically
          determinable physical or mental impairment which can be expected to result in
          death or can be expected to last for a continuous period of not less than 12
          months and in which Participant is receiving income replacement benefits for a
          period of not less than 3 months under and accident and health plan covering
          employees. The Plan Administrator may require such medical or other evidence as
          it deems necessary to judge the nature and permanency of the Participant’s
          condition. 

     1.20.    
          “Distributable Amount” means the vested balance in
          Participant’s Deferral Account and Company Contribution Account. 

     1.21.    
          “Effective Date” means the effective date of this restatement,
          which shall be January 1, 2009. The original effective date of the Plan was
          December 14, 2005. 

     1.22.    
          “Employee” means (1) each person receiving remuneration,
          or who is entitled to remuneration, for services rendered to the Company or an
          Affiliate as a common-law employee, or (2) a Director of the Company or an
          Affiliate. 

     1.23.    
          “ERISA” means the Employee Retirement Income Security Act of
          1974, as amended. 

     1.24.    
          “Fund” means one or more of the investment funds selected by
          the Plan Administrator pursuant to Section 3.3. 

     1.25.    
          “Interest Rate” means, for each Fund, an amount equal to the
          net gain or loss on the assets of such Fund during each month, as determined by
          the Plan Administrator. 

     1.26.    
          “Participant” means an Employee who has been selected to
          participate under Section 2.1, who has elected to participate under
          Section 2.2, and whose participation has not been terminated. If indicated
          by the context, the term Participant also includes former Participants whose
          active participation in the Plan has terminated but who have not received all
          amounts to which they are entitled under the Plan. 

     1.27.    
          “Participation Agreement” means the agreement entered into by
          the Company and a Participant as set forth in Section 2.2. 

     1.28.    
          “Plan” means the Nu Skin Enterprises, Inc. Deferred
          Compensation Plan, as amended from time to time. 

     1.29.    
          “Plan Administrator” means the Compensation Committee or its
          designated agents (to the extent such authority has been designated by the
          Compensation Committee). 

     1.30.    
          “Plan Year” shall mean the calendar year. 

     1.31.    
          “Reasonable Time” shall mean any date within the same calendar
          year as the applicable distribution event (e.g., Separation from Service)
          or, if later, by the 15th day of the third calendar month following the
          occurrence of such distribution event. 

     1.32.    
          “Scheduled Withdrawal” means the distribution date elected by
          the Participant for an in-service withdrawal from such Accounts deferred in a
          given Plan Year, and earnings and losses attributable thereto, as set forth on
          the election form for such Plan Year. 

     1.33.    
          “Separation from Service” means a severance of a
          participant’s employment relationship with the Company and all Affiliates
          for any reason other than the participant’s death. Whether a Separation
          from Service has occurred is determined under Section 409A of the Code and
          Treasury Regulation 1.409A-1(h) (i.e., whether the facts and
          circumstances indicate that the Employer and the employee reasonably anticipated
          that no further services would be performed after a certain date or that the
          level of bona fide services the employee would perform after such date (whether
          as an employee or independent contractor) would permanently decrease to no more
          than 20% of the average level of bona fide services performed (whether as an
          employee or an independent contractor) over the immediately preceding 36 month
          period (or the full period of services to the employer if the employee has been
          providing services to the employer less than 36 months)). Separation from
          Service shall not be deemed to occur while the employee is on military leave,
          sick leave or other bona fide leave of absence if the period does not exceed six
          (6) months or, if longer, so long as the employee retains a right to
          reemployment with the Company or an affiliate under an applicable statute or by
          contract. For this purpose, a leave is bona fide only if, and so long as, there
          is a reasonable expectation that the employee will return to perform services
          for the Company or an affiliate. Notwithstanding the foregoing, a 29 month
          period of absence will be substituted for such 6 month period if the leave is
          due to any medically determinable physical or mental impairment that can be
          expected to result in death or can be expected to last for a continuous period
          of no less than 6 months and that causes the employee to be unable to perform
          the duties of his or her position of employment. 

     1.34.    
          “Trust Agreement” means any trust agreement established
          pursuant to Section 8.1 between the Company and the Trustee or any trust
          agreement hereafter established. 

     1.35.    
          “Trustee” means the Trustee under the Trust Agreement. 

     1.36.    
          “Trust Fund” means all assets of whatsoever kind or nature held
          from time to time by the Trustee pursuant to the Trust Agreement and forming a
          part of this Plan, without distinction as to income and principal and without
          regard to source, i.e., Participant contributions, earnings, or forfeitures. 

ARTICLE 2 

ELIGIBILITY 

     2.1.    
          General. For purposes of Title I of ERISA, the Plan is intended to
          be an unfunded plan of deferred compensation covering a select group of
          management, highly compensated employees, and Directors. As a result,
          participation in the Plan shall be limited to Employees who are properly
          included in one or all of these categories. The Plan Administrator shall
          designate the individuals who are eligible to participate in the Plan. The Plan
          Administrator, in the exercise of its discretion, may exclude an Employee who
          otherwise meets the requirements of this Section 2.1 from participation in
          the Plan if it concludes that excluding the Employee is necessary to satisfy
          these requirements. The Plan Administrator also may exclude an Employee who
          otherwise meets the requirements of this Section 2.1 for any other reason,
          or for no reason, as the Plan Administrator deems appropriate. 

     2.2.    
          Participation. Each Employee who is designated as eligible to participate
          in the Plan by the Plan Administrator may become a Participant by completing and
          signing an enrollment form provided by the Plan Administrator and delivering the
          form to the Plan Administrator. The Employee must designate on the form the
          amount of his Deferral Contributions and must authorize the Company or an
          Affiliate to reduce his Compensation in an amount equal to his Deferral
          Contributions. 

     2.3.    
          Timing of Participation. After an Employee has been selected by the Plan
          Administrator to participate in the Plan for the first time (and does not
          participate in or has not previously participated in another voluntary deferral
          plan of the Company or an Affiliate), the Employee has 30 days to notify the
          Plan Administrator whether he will participate in the Plan. If the Employee
          timely notifies the Plan Administrator of his intent to participate in the Plan,
          the Employee’s participation will commence on the first payroll period
          following or coinciding with the first day of the calendar month after the Plan
          Administrator is so notified. If the Employee does not timely notify the Plan
          Administrator of his intent to participate in the Plan, the Employee’s
          participation may commence on the first payroll period following or coinciding
          with the first day of any later Plan Year by notifying the Plan Administrator
          prior to the first day of such Plan Year and provided further that the Plan
          Administrator determines that the Employee remains eligible to participate in
          the Plan under Section 2.1. 

     2.4.    
          Discontinuance of Participation. Once an Employee is designated as a
          Participant, he will continue as such for all future Plan Years unless the Plan
          Administrator specifically discontinues his participation. The Plan
          Administrator may discontinue an individual’s participation in the Plan at
          any time for any or no reason. If an individual’s participation is
          discontinued, the individual will no longer be eligible to make future deferral
          elections or receive Company Contributions. The Employee will not be entitled to
          receive a distribution, however, until the occurrence of one of the events
          listed in Article VI, or as permitted in Article VII. 

ARTICLE 3 

DEFERRAL ELECTIONS 

     	3.1. 	  	
          Elections to Defer Compensation. 

          

     	3.1.1. 	  	
          Deferral of Base Salary. For any Plan Year, a Participant may elect to
          defer a portion of the Base Salary otherwise payable to him. Any such deferrals
          shall be in whole percentages or a specific dollar amount of the
          Participant’s Base Salary, as specified in the Participant’s
          Participation Agreement. 

          

     	3.1.2. 	  	
          Deferral of Bonuses. A Participant may also elect to defer a portion of
          any Bonus which might be payable to him by the Company. Any such deferrals shall
          be in whole percentages or a specific dollar amount of the Participant’s
          Bonus, as specified in the Participant’s Participation Agreement. 

          

     	3.1.3. 	  	
          Limitations on Deferrals. A Participant may elect to defer up to 80% of
          Participant’s Base Salary and 100% of Participant’s Bonus for each
          Plan Year, provided that the total amount deferred by a Participant shall be
          limited in any calendar year, if necessary, to satisfy any employment tax,
          income tax and employee benefit plan withholding requirements as determined in
          the sole and absolute discretion of the Plan Administrator. There is no minimum
          deferral amount. The Plan Administrator reserves the right to change such limits
          from time to time. 

          

     	3.1.4. 	  	
          Duration of Compensation Deferral Election. An Employee’s initial
          election to defer Compensation must be made within the time frame established by
          the Plan Administrator, which shall be prior to the taxable year in which the
          election relates and is to be effective with respect to Compensation earned for
          services performed after such deferral election is processed. Such election
          shall specify the time and method of distribution of the annual deferral amount
          in accordance with Articles VI and VII. A Participant may increase,
          decrease or terminate a deferral election with respect to Compensation for any
          subsequent Plan Year by filing a new election within the time frame established
          by the Plan Administrator but in no event later than December 31 in the
          year prior to the beginning of the next Plan Year, which election shall be
          effective on the first day of the next following Plan Year. In the absence of a
          Participant making a new election, the last election on file will apply to
          deferrals for the new Plan year. In the case of an employee who first becomes
          eligible to participate in the Plan after January 1, 2006 (and does not
          participate in or has not previously participated in another voluntary deferral
          plan of the Company or an Affiliate), such Employee shall have 30 days from the
          date he becomes eligible to make an election with respect to Compensation earned
          for services performed subsequent to the election. Such election shall be for
          the remainder of the Plan Year (and future Plan Years, unless subsequently
          changed prior to the commencement of a given Plan year) in the event the Plan
          Year has commenced. Such election shall specify the time and method of
          distribution of the annual deferral amount in accordance with Articles VI
          and VII. 

          

     	3.1.5. 	  	
          Elections Other Than Initial Election. Any Employee or Director who has
          terminated a prior Compensation deferral election may elect to again defer
          Compensation by completing and signing an enrollment form provided by the Plan
          Administrator and delivering the form to the Plan Administrator within the time
          frame established by the Plan Administrator but in no event later than
          December 31 of the year prior to the beginning of the Plan Year to which
          such deferral election relates. An election to defer Compensation must be filed
          in a timely manner in accordance with Section 3.1(d). Such election shall
          apply to Compensation for services performed in the Plan Year to which such
          deferral election relates. Such election shall specify the time and method of
          distribution of the annual deferral amount in accordance with Articles VI
          and VII. 

          

     	3.2. 	  	
          Company Contribution. On or before the end of each fiscal year of the
          Company, the Compensation Committee shall determine, in its sole discretion, an
          amount, if any, to be credited to each Participant’s Account. 

          

     	3.3. 	  	
          Investment Elections. 

          

     	(a) 	  	
          At the time of making the deferral elections described in Section 3.1,
          Participant shall designate, on a form provided by the Plan Administrator, the
          types of investment funds in which Participant’s Account will be deemed to
          be invested for purposes of determining the amount of earnings and losses to be
          credited to that Account. In making the designation pursuant to this
          Section 3.3, Participant may specify that all or any percentage of his
          Account is to be deemed invested, in whole percentage increments, in one or more
          of the types of investment funds deemed to be provided under the Plan, as
          communicated from time to time by the Plan Administrator. A Participant may
          change the designation made under this Section 3.3 by filing an election,
          on a form provided by the Plan Administrator, on a daily basis (limited to 4 per
          month). If a Participant fails to elect a type of fund under this
          Section 3.3, he or she shall be deemed to have elected the money market
          type of investment fund. 

          

     	(b) 	  	
          Although a Participant may designate the type of investments, the Plan
          Administrator shall not be bound by such designation. The Plan Administrator may
          select from time to time, in its sole and absolute discretion, commercially
          available investments of each of the types communicated by the Plan
          Administrator to the Participant pursuant to Section 3.3(a) above to be the
          Funds. The Interest Rate of each such commercially available investment fund
          shall be used to determine the amount of earnings or losses to be credited to
          Participant’s Account under Article IV. 

          

ARTICLE 4 

DEFERRAL ACCOUNTS 

     	4.1. 	  	
          Deferral Accounts. The Plan Administrator shall establish and maintain a
          Deferral Account for each Participant under the Plan. Each Participant’s
          Deferral Account shall be further divided into separate subaccounts
          (“investment fund subaccounts”), each of which corresponds to an
          investment fund elected by the Participant pursuant to Section 3.3(a). A
          Participant’s Deferral Account shall be credited as follows: 

          

     	(a) 	  	
          Within a reasonable time after amounts are withheld and deferred from a
          Participant’s Compensation, the Plan Administrator shall credit the
          investment fund subaccounts of the Participant’s Deferral Account with an
          amount equal to Compensation deferred by the Participant in accordance with the
          Participant’s election under Section 3.3(a); that is, the portion of
          the Participant’s deferred Compensation that the Participant has elected to
          be deemed to be invested in a certain type of investment fund shall be credited
          to the investment fund subaccount corresponding to that investment fund; 

          

     	(b) 	  	
          Each business day, each investment fund subaccount of a Participant’s
          Deferral Account shall be credited with earnings or losses in an amount equal to
          that determined by multiplying the balance credited to such investment fund
          subaccount as of the prior day plus contributions credited that day to the
          investment fund subaccount by the Interest Rate for the corresponding fund
          selected by the Company pursuant to Section 3.3(b). 

          

     	(c) 	  	
          In the event that a Participant elects for a given Plan Year’s deferral of
          Compensation to have a Scheduled Withdrawal, all amounts attributed to the
          deferral of Compensation for such Plan Year shall be accounted for in a manner
          which allows separate accounting for the deferral of Compensation and investment
          gains and losses associated with such Plan Year’s deferral of Compensation. 

          

     	4.2. 	  	
          Company Contribution Account. The Plan Administrator shall establish and
          maintain a Company Contribution Account for each Participant under the Plan.
          Each Participant’s Company Contribution Account shall be further divided
          into separate investment fund subaccounts corresponding to the investment fund
          elected by the Participant pursuant to Section 3.3(a). A Participant’s
          Company Contribution Account shall be credited as follows: 

          

     	(a) 	  	
          On the third business day after a Company Contribution, the Plan Administrator
          shall credit the investment fund subaccounts of the Participant’s Company
          Contribution Account with an amount equal to the Company Contribution, if any,
          applicable to that Participant, that is, the proportion of the Company
          Contribution, if any, which the Participant elected to be deemed to be invested
          in a certain type of investment fund shall be credited to the corresponding
          investment fund subaccount; and 

          

     	(b) 	  	
          Each business day, each investment fund subaccount of a Participant’s
          Company Contribution Account shall be credited with earnings or losses in an
          amount equal to that determined by multiplying the balance credited to such
          investment fund subaccount as of the prior day plus contributions credited that
          day to the investment fund subaccount by the Interest Rate for the corresponding
          Fund selected by the Company pursuant to Section 3.3(b). 

          

     	4.3. 	  	
          Schedule a Accounts for Pre-Existing Deferred Compensation Obligations.
          Prior to the Effective Date of the Plan, the Company and/or certain of its
          Affiliates had entered into non-qualified deferred compensation arrangements
          with certain Participants employed by the Company and/or its Affiliates. The
          terms of such arrangements are set forth in individual “plans” or
          agreements signed by the Company and/or an Affiliate and the employee. The
          deferred compensation arrangements identified on Schedule A attached hereto
          (“Schedule A Arrangements”) are incorporated herein by reference.
          It is intended that the Schedule A Arrangements will comply with Code
          Section 409A . Effective January 1, 2005, the rights and obligations
          of the parties to those arrangements will be governed by the terms of this Plan,
          and will not be governed by the terms of the Schedule A Arrangements,
          except as otherwise provided hereafter. The Plan Administrator will establish
          and maintain under this Plan a “Schedule A Account” for each
          Participant who is party to a Schedule A Arrangement (“Schedule A
          Participant’) and will credit to such Schedule A Account for each
          Schedule A Participant the value as of January 1, 2006 of the
          respective Schedule A Participant’s Compensation Account(s) as
          established under the applicable Schedule A Arrangement. For greater
          clarity, generally the Compensation Accounts under the Schedule A
          Arrangements are divided into two sub-accounts (Employee Compensation
          Sub-Account and Company Compensation Sub-Account), and this distinction will be
          maintained under the Schedule A Accounts. The Company Compensation
          Sub-Account will continue to vest in accordance with the terms of the applicable
          Schedule A Arrangement. In addition, the Plan Administrator may further
          divide the sub-accounts under the Schedule A Accounts into separate
          investment fund sub-accounts corresponding to the investment fund elected by the
          Participant pursuant to Section 3.3(a). Schedule A Participants will
          elect, prior to December 31, 2006, the form of distribution for their
          Schedule A Accounts and such elections will comply with IRC
          Section 409A and applicable guidance thereunder. If a Schedule A
          Participant has not designated a form or payment for his or her Schedule A
          Account on or before December 31, 2006, the form of payment designated in
          the applicable Schedule A Arrangement will be the default form of payment
          for such Schedule A Account(s). After December 31, 2006, any change in
          the form of payment as to a Schedule A Account must be in accordance with
          the requirements of Section 6.5(f) of this Plan respecting election changes
          for forms of payment. The timing of distributions of Schedule A Accounts
          will be governed by the terms of this Plan. 

          

     	4.4. 	  	
          Accounting. At the end of each quarter, the Company shall notify each
          Participant as to the amount, if any, of Participant’s Deferral Account and
          Company Contribution Account. The accounting shall specify the vested portion of
          amounts held pursuant to the Plan. 

          

     	4.5. 	  	
          Preservation of Accounts. A Participant shall not be deemed to have had a
          Separation from Service for purposes of preservation of all Deferral Accounts
          and Company Contribution Accounts in the event of a bona fide approved leave of
          absence from the Company for a prolonged period of time for: 

          

     	(a) 	  	
          Service as a full-time missionary for any legally recognized ecclesiastical
          organization, or 

          

     	(b) 	  	
          United States Military duty. 

          

Notwithstanding the foregoing, a
Separation from Service shall be deemed to occur six months after commencement of the
leave in the absence of a contractual or statutory right to re-employment. 

ARTICLE 5 

VESTING 

     5.1.    
          Vesting in Deferral Account. Subject to Section 5.3, Participant
          shall be 100% vested in his Deferral Account at all times. 

     5.2.    
          Vesting in Company Contribution Account. Subject to Section 5.3,
          each Participant shall become vested in his Company Contribution Account in
          accordance with the following schedule: 

	When the Participant Has 
Completed the Following Years
 of Employment  	 	 	 	The Vested Portion of 
His Company Contribution 
Account Will Be:  	 
	Less than 10 years	 	 	 	0	%
	10 years but less than 11 years	 	 	 	50	%
	11 years but less than 12 years	 	 	 	55	%
	12 years but less than 13 years	 	 	 	60	%
	13 years but less than 14 years	 	 	 	65	%
	14 years but less than 15 years	 	 	 	70	%
	15 years but less than 16 years	 	 	 	75	%
	16 years but less than 17 years	 	 	 	80	%
	17 years but less than 18 years	 	 	 	85	%
	18 years but less than 19 years	 	 	 	90	%
	19 years but less than 20 years	 	 	 	95	%
	20 years or more	 	 	 	100	%

Notwithstanding any of the foregoing
provisions for progressive vesting of Company Contribution Accounts, the entire Company
Contribution Account of each Participant shall become fully vested upon the earliest
occurrence of any of the following events while in the employment of the Company: 

     	(a) 	  	
          Participant attains 60 years of age; 

          

     	(b) 	  	
          Participant’s death or Disability as defined in the Plan. 

          

     	(c) 	  	
          The Plan Administrator may, in its discretion, accelerate vesting of a
          Participant in his Company Contribution Account. 

          

     	5.3. 	  	
          Forfeiture. Notwithstanding Sections 5.1 and 5.2 above, Participant
          shall forfeit all amounts in the Company Contribution Account (and none of such
          amounts shall be distributed pursuant to Section 6 below) if the Administrator
          elects to terminate Participant’s rights to those amounts upon the
          occurrence of the following events: 

          

     	(a) 	  	
          the Participant’s employment or service is terminated for Cause; or 

          

     	(b) 	  	
          the Participant, directly or indirectly, enters into the employment of, owns any
          interest in, or engages or participates in (individually or as an officer,
          director, shareholder, consultant, partner, member, joint venturer, agent,
          equity owner, distributor or in any other capacity whatsoever) any company,
          corporation or business in the direct selling or multi-level marketing industry
          (including any subsidiary or affiliate thereof) that operates in any territory
          where the Company or any of its affiliates or subsidiaries engages in business; 

          

ARTICLE 6 

DISTRIBUTION OF
BENEFITS 

     	6.1. 	  	
          Separation From Service. A Participant who incurs a Separation from
          Service with the Company and all Affiliates for any reason other than death or
          Disability is entitled to distribution of amounts vested and credited to his
          Account at the time and in the manner provided in Section 6.5. 

          

     	6.2. 	  	
          Disability Retirement. A Participant who separates from service with the
          Company or an Affiliate due to Disability and who has satisfied all of the
          covenants, conditions and promises contained in this Plan (to the extent
          applicable) is entitled to a distribution of amounts vested and credited to his
          Account as provided in Section 6.5. Subject to Section 6.5, the
          payments may commence as of his date of Separation from Service due to
          Disability. 

          

     	6.3. 	  	
          Death. 

          

     	(a) 	  	
          Benefit. If a Participant (which term for purposes of this Section
          includes a former Participant) dies before the day on which his benefit payments
          commence, the Participant’s Beneficiary is entitled, at the time and in the
          manner provided in Section 6.5, the following: 

          

     	(1) 	  	
          the amount of Participant’s Deferral Account, including any earnings
          thereon; and 

          

     	(2) 	  	
          for Participants that have been credited with Company Contributions pursuant to
          Section 3.2, the greater  of (i) the vested portion of
          Participant’s Company Contribution Account, including any earnings thereon,
          as of the date of Participant’s death; or (ii) an amount equal to five
          times the average of Participant’s Base Salary for the three most recent
          years. 

          

     	(b) 	  	
          Death After Commencement of Benefits. If a former Participant dies after
          the day on which his benefit payments commence, but prior to the complete
          distribution of all amounts to which such Participant is entitled, the
          Participant’s Beneficiary is entitled to receive any remaining amounts to
          which Participant would have been entitled had the Participant survived at the
          time and in the manner provided in Section 6.5. The Plan Administrator may
          require and rely upon such proofs of death and the right of any Beneficiary to
          receive benefits under this Section 6.3 as the Plan Administrator may
          reasonably determine, and its determination of death and the right of such
          Beneficiary to receive payment is binding and conclusive upon all persons. 

          

     	6.4. 	  	
          Change of Control. In the event of a Change of Control, the Plan
          Administrator may, in its discretion, accelerate vesting of a Participant in his
          Company Contribution Account. 

          

     	6.5. 	  	
          Time and Method of Distribution of Benefits. Payment shall commence
          within a Reasonable Time following the earliest to occur of the following events
          in (a), (b) or (c) below: 

          

     	(a) 	  	
          Termination. 

          

     	(1) 	  	
          Distribution of Deferral Account. Payment of amounts vested and credited
          in a Deferral Account to a Participant who is entitled to benefits under
          Section 6.1 will commence within a Reasonable Time following the
          Participant’s Separation from Service (except that, in the event that the
          Participant is a “Specified Employee,” as defined under Treasury
          Regulation § 1.409A-1(i), payment to the Participant will begin no
          earlier than six months following Participant’s Separation from Service (or
          upon the Participant’s death, if earlier)). 

          

     	(2) 	  	
          Distribution of Company Contribution Account. Payment of amounts vested
          and credited in a Company Contribution Account to a Participant who is entitled
          to benefits under Section 6.1 (subject to any forfeiture under Section 5.3) will
          commence within a Reasonable Time following the one-year anniversary of the
          Participant’s Separation from Service. Notwithstanding the foregoing, if
          the Participant’s Separation from Service occurs at or after the
          Participant’s attainment of age 60 or after the Participant has completed
          twenty years of employment, then payment will commence within a Reasonable Time
          following the Participant’s Separation from Service (except that, in the
          event that the Participant is a “Specified Employee,” as defined under
          Treasury Regulation § 1.409A-1(i), payment to the Participant will
          begin no earlier than six months following Participant’s Separation from
          Service (or upon the Participant’s death, if earlier)). 

          

     	(b) 	  	
          Disability. Payment to a Participant who is entitled to benefits under
          Section 6.2 will commence within a Reasonable Time after the
          Participant’s Separation from Service due to a Disability. In the event
          that Participant is a “Specified Employee,” as defined under Treasury
          Regulation § 1.409A-1(i), payment to Participant will begin no earlier
          than six months following Participant’s Separation from Service (or upon
          the Participant’s death, if earlier). 

          

     	(c) 	  	
          Death. Payment to the Beneficiary of a Participant who is entitled to
          benefits under Section 6.2 will commence within a Reasonable Time after the
          Participant’s death. 

          

     	(d) 	  	
          Death After Commencement of Payments. If a Participant dies after the day
          on which his benefit payments commence but before the complete distribution to
          such Participant of the benefits payable to him under the Plan, any remaining
          benefits will continue to be distributed to the Participant’s Beneficiary
          in the same manner as elected by the Participant under Section 6.5(e).
          Payments to the Beneficiaries entitled to payments pursuant to Section 6.3
          will be made within a Reasonable Time following the death of Participant. 

          

     	(e) 	  	
          Form of Payment. Any distribution paid from the Plan to a Participant or
          Beneficiary from a Participant’s Account will be paid in cash. Except as
          otherwise provided in Section 6.4, such distribution will be paid in either
          a lump sum payment or in monthly, quarterly, or annual installments over a
          period not to exceed 15 years; provided that if the value of the
          Participant’s Account at the time of distribution is less than $50,000,
          such distribution shall be paid in the form of a lump sum distribution. With
          respect to each annual deferral amount (including both Participant deferrals and
          Company contribution amounts for such Plan Year), a Participant must elect which
          form of payment to receive in his initial or annual deferral election form,
          which election may be changed by the Participant at any time so long as
          (i) the election does not take effect until at least 12 months after the
          date in which the election is made, (ii) the first payment for which the
          election is made will be deferred for a period of 5 years from the date such
          payment would otherwise have been made, and (iii) the change is received by
          the Plan Administrator at least 12 months prior to the Participant’s first
          scheduled payment date. In the absence of a Participant making a distribution
          election, the default form of payment shall be lump sum.
          Participant’s Account shall continue to be credited with earnings
          pursuant to Sections 4.1 and 4.2 of the Plan until all amounts credited to
          his Account under the Plan have been distributed. 

          

     	6.6. 	  	
          Designation of Beneficiary. Each Participant has the right to designate,
          on forms supplied by and delivered to the Plan Administrator, a Beneficiary or
          Beneficiaries to receive his benefits in the event of his death. For each
          Participant who is married, his Beneficiary will be deemed to be his spouse,
          unless the Participant’s spouse consents to the Participant’s
          Beneficiary designation to the contrary. Such consent must be in writing, must
          acknowledge the effect of the Beneficiary designation and the spouse’s
          consent thereto. Subject to the foregoing, each Participant may change his
          Beneficiary designation from time to time in the manner described above and the
          change will be effective upon receipt by the Plan Administrator, whether or not
          the Participant is living at the time the notice is received. There is no
          liability on the part of the Plan Administrator with respect to any payment
          authorized by the Plan Administrator in accordance with the most recent valid
          Beneficiary designation of the Participant in the Plan Administrator’s
          possession before receipt of a more recent and valid Beneficiary designation. If
          no designated Beneficiary is living when benefits become payable, or if there is
          no designated Beneficiary, the Beneficiary will be Participant’s spouse; or
          if no spouse is then living, such Participant’s issue, including any
          legally adopted child or children, in equal shares by right of representation;
          or if no such designated Beneficiary and no such spouse or issue, including any
          legally adopted child or children, is living upon the death of a Participant, or
          if all such persons die prior to the full distribution of such
          Participant’s benefits, then the Beneficiary shall be the estate of the
          Participant. 

          

     	6.7. 	  	
          Payments to Disabled. If a person entitled to any payment is under a
          legal disability, or in the sole judgment of the Plan Administrator is otherwise
          unable to apply such payment to his own interest and advantage, the Plan
          Administrator in the exercise of its discretion may make any such payment in any
          one or more of the following ways: (a) directly to such person, (b) to
          his legal guardian or conservator, or (c) to his spouse or to any person
          charged with the legal duty of his support, to be expended for his benefit. The
          decision of the Plan Administrator will in each case be final and binding upon
          all persons in interest. 

          

     	6.8. 	  	
          Underpayment or Overpayment of Benefits. In the event that, through
          misstatement or computation error, benefits are underpaid or overpaid, there is
          no liability for any more than the correct benefit sums under the Plan.
          Overpayments may be deducted from future payments under the Plan, and
          underpayments may be added to future payments under the Plan, subject to
          applicable limitations under Section 409A of the Code. 

          

     	6.9. 	  	
          Inability to Locate Participant. In the event that the Plan Administrator
          is unable to locate a Participant or Beneficiary within two years following the
          required payment date, the amount allocated to the Participant’s Account
          shall be forfeited. If, after such forfeiture, the Participant or Beneficiary
          later claims such benefit, such benefit shall be reinstated without interest or
          earnings. 

          

ARTICLE 7 

WITHDRAWALS 

     	7.1. 	  	
          Scheduled Withdrawals. 

          

     	(a) 	  	
          In the case of a Participant who has elected a Scheduled Withdrawal for a
          distribution while still in the employ of the Company, such Participant shall
          receive his Distributable Amount, but only with respect to those vested
          deferrals and earnings thereon that have been elected by Participant to be
          subject to the Scheduled Withdrawal in accordance with this Section 7.1(a)
          of the Plan. A Participant’s Scheduled Withdrawal can be no earlier than
          two years from the last day of the Plan Year for which Participant’s
          deferrals are made. Any distribution made pursuant to a Scheduled Withdrawal
          shall be made in either a lump-sum payment or annual installment payments up to
          5 years. These payments will be made in February of the year(s) selected. 

          

     	(b) 	  	
          A Participant may extend the Scheduled Withdrawal for any Plan Year, provided
          such extension occurs at least one year before the Scheduled Withdrawal and is
          for a period of not less than five years from the Scheduled Withdrawal. In the
          event a Participant separates from service with the Company prior to a Scheduled
          Withdrawal for any reason, then the portion of Participant’s Account
          associated with a Scheduled Withdrawal that has not occurred prior to such
          separation, shall be distributed, along with any remaining portion of the annual
          deferral amount not subject to the Scheduled Withdrawal, in the form selected by
          the Participant in accordance with Section 6.5. If no such election was
          made under Section 6.5 for such annual deferral amount, such Scheduled
          Withdrawal shall be paid in a lump sum. 

          

     	7.2. 	  	
          Hardship. In the event of an unforeseeable financial emergency, a
          Participant may make a written request to the Plan Administrator for a hardship
          withdrawal from his Account. For purposes of this Plan, an “unforeseeable
          financial emergency” is defined as a severe financial hardship to the
          Participant resulting from a sudden and unexpected illness or accident of the
          Participant or a dependent (as such term is defined in Section 152(a) of
          the Code) of the Participant, loss of the Participant’s property due to
          casualty, or other similar extraordinary and unforeseeable circumstances arising
          as a result of events beyond the control of the Participant. The granting of a
          Participant’s request for a hardship withdrawal shall be left to the
          absolute discretion of the Plan Administrator and the Plan Administrator may
          deny such request even if an unforeseeable financial emergency clearly exists. A
          request for a hardship withdrawal must be made in writing at least 30 days in
          advance, on a form provided by the Plan Administrator, and must be expressed as
          a specific dollar amount. The amount of a hardship withdrawal may not exceed the
          lesser of the amount required to meet Participant’s unforeseeable financial
          emergency or Participant’s vested Account balance. A hardship withdrawal
          will not be permitted to the extent that the hardship is or may be relieved
          through reimbursement or compensation by insurance or otherwise, liquidation of
          the Participant’s assets to the extent that such liquidation would not
          itself cause a severe financial hardship, or by the cessation of Deferral
          Contributions. 

          

     	7.3. 	  	
          Acceleration of Benefits. The Plan Administrator may accelerate the
          distribution of a Participant’s vested Account balance in order to
          (a) satisfy a domestic relations order; (b) pay employment taxes on
          amounts deferred under the Plan; (c) permit an automatic lump sum payment
          of not more than $10,000 upon the termination of a Participant’s entire
          interest in the Plan; or (d) any other permitted acceleration under
          Section 409A of the Code and the regulations thereof, including a Change of
          Control. In the event an accelerated distribution is requested by a Participant
          to satisfy a domestic relations order, the Plan Administrator shall make
          payments to someone other than Participant, as directed by the qualified
          domestic relations order. 

          

     	7.4. 	  	
          Crediting of Withdrawals. Withdrawals and other distributions shall be
          charged pro rata to the Funds in which the Account of the Participant is
          invested, pursuant to his designation under Sections 4.1 and 4.2 hereof. 

          

ARTICLE 8 

ADMINISTRATION OF THE
PLAN 

     	8.1. 	  	
          Adoption of Trust. The Company may enter into a Trust Agreement with the
          Trustee, to which the Company or any adopting Affiliate may, in its sole
          discretion, contribute cash or other property to provide for the payment of
          benefits under the Plan. The provisions of the Plan shall govern the rights of a
          Participant to receive distributions pursuant to the Plan. The provisions of the
          Trust Agreement shall govern the rights of the Company, adopting Affiliates,
          Participants and the creditors of the Company and adopting Affiliates to the
          assets transferred to the Trust Fund. All obligations under the Plan may be
          satisfied with Trust assets distributed pursuant to the terms of the Trust
          Agreement, and any such distribution shall reduce the obligations under the
          Plan. 

          

     	8.2. 	  	
          Powers of the Plan Administrator. 

          

     	(a) 	  	
          The Plan Administrator shall have the power and discretion to perform the
          administrative duties described in this Plan or required for proper
          administration of the Plan and shall have all powers necessary to enable it to
          properly carry out such duties. Without limiting the generality of the
          foregoing, the Plan Administrator shall have the power and discretion to
          construe and interpret this Plan, to hear and resolve claims relating to this
          Plan, and to decide all questions and disputes arising under this Plan. The Plan
          Administrator shall determine, in its discretion, the status and rights of a
          Participant, and the identity of the Beneficiary or Beneficiaries entitled to
          receive any benefits payable hereunder on account of the death of a Participant. 

          

     	(b) 	  	
          Except as is otherwise provided hereunder, the Plan Administrator shall
          determine the manner and time of payment of benefits under this Plan. All
          benefit disbursements by the Trustee shall be made upon the instructions of the
          Plan Administrator. 

          

     	(c) 	  	
          The decision of the Plan Administrator upon all matters within the scope of its
          authority shall be binding and conclusive upon all persons. 

          

     	(d) 	  	
          The Plan Administrator shall file all reports and forms lawfully required to be
          filed by the Plan Administrator and shall distribute any forms, reports or
          statements to be distributed to Participants and others. 

          

     	(e) 	  	
          The Plan Administrator shall keep itself advised with respect to the investment
          of the Trust Fund and shall report to the Company regarding the investment and
          reinvestment of the Trust Fund not less frequently than annually. 

          

     	8.3. 	  	
          Creation of Committee. The Compensation Committee may appoint a separate
          committee to perform its duties as Plan Administrator by the adoption of
          appropriate Compensation Committee Board of Directors resolutions. The committee
          must consist of at least two (2) members, and they shall hold office during the
          pleasure of the Compensation Committee. The committee members shall serve
          without compensation but shall be reimbursed for all expenses by the Company.
          The committee shall conduct itself in accordance with the provisions of this
          Article VIII. The members of the committee may resign with 30 days notice
          in writing to the Company and may be removed immediately at any time by written
          notice from the Company. 

          

     	8.4. 	  	
          Chairman and Secretary. The committee shall elect a chairman from among
          its members and shall select a secretary who is not required to be a member of
          the committee and who may be authorized to execute any document or documents on
          behalf of the committee. The secretary of the committee or his designee shall
          record all acts and determinations of the committee and shall preserve and
          retain custody of all such records, together with such other documents as may be
          necessary for the administration of this Plan or as may be required by law. 

          

     	8.5. 	  	
          Appointment of Agents. The committee may appoint such other agents, who
          need not be members of the committee, as it may deem necessary for the effective
          performance of its duties, whether ministerial or discretionary, as the
          committee may deem expedient or appropriate. The compensation of any agents who
          are not employees of the Company shall be fixed by the committee within any
          limitations set by the Board of Directors. 

          

     	8.6. 	  	
          Majority Vote and Execution of Instruments. In all matters, questions and
          decisions, the action of the committee shall be determined by a majority vote of
          its members. They may meet informally or take any ordinary action without the
          necessity of meeting as a group. All instruments executed by the committee shall
          be executed by a majority of its members or by any member of the committee
          designated to act on its behalf. 

          

     	8.7. 	  	
          Allocation of Responsibilities. The committee may allocate
          responsibilities among its members or designate other persons to act on its
          behalf. Any allocation or designation, however, must be set forth in writing and
          must be retained in the permanent records of the committee. 

          

     	8.8. 	  	
          Conflict of Interest. No member of the committee who is a Participant
          shall take any part in any action in connection with his participation as an
          individual. Such action shall be voted or decided by the remaining members of
          the committee. 

          

     	8.9. 	  	
          Indemnity. To the extent permitted by applicable state law, the Company
          shall indemnify and hold harmless the Plan Administrator, the committee and each
          member thereof, the Board of Directors, and any delegate of the committee or
          Plan Administrator who is an employee of the Company against any and all
          expenses, liabilities and claims, including legal fees to defend against such
          liabilities and claims arising out of their discharge in good faith of
          responsibilities under or incident to the Plan, other than expenses and
          liabilities arising out of willful misconduct. This indemnity shall not preclude
          such further indemnities as may be available under insurance purchased by the
          Company or provided by the Company under any bylaw, agreement or otherwise, as
          such indemnities are permitted under state law. 

          

ARTICLE 9 

ADOPTION OF PLAN BY
AFFILIATES 

The adoption of this Plan by any
Affiliate shall not be effective without the written consent of the Company. Any adoption
shall be evidenced by certified copies of the resolution of the foregoing board of
directors indicating the adoption. The resolution shall define the effective date for the
purpose of the Plan as adopted by the corporation or Affiliate. Upon the adoption by any
Affiliate, the term “Company” shall include such Affiliate. 

ARTICLE 10 

CLAIM REVIEW PROCEDURE 

     	10.1. 	  	
          General. In the event that a Participant or Beneficiary is denied a claim
          for benefits under this Plan (the “claimant”), the Plan Administrator
          shall provide to the claimant written notice of the denial which shall set
          forth: 

          

     	(a) 	  	
          the specific reason or reasons for the denial; 

          

     	(b) 	  	
          specific references to pertinent Plan provisions on which the Plan Administrator
          based its denial; 

          

     	(c) 	  	
          a description of any additional material or information needed for the claimant
          to perfect the claim and an explanation of why the material or information is
          needed; 

          

     	(d) 	  	
          a statement that the claimant may: 

          

     	(1) 	  	
          request a review upon written application to the Plan Administrator; 

          

     	(2) 	  	
          review pertinent Plan documents; and 

          

     	(3) 	  	
          submit issues and comments in writing; and 

          

     	(e) 	  	
          That any appeal the claimant wishes to make of the adverse determination must be
          in writing to the Plan Administrator within sixty (60) days after receipt of the
          Plan Administrator’s notice of denial of benefits. The Plan
          Administrator’s notice must further advise the claimant that his failure to
          appeal the action to the Plan Administrator in writing within the sixty (60) day
          period will render the Plan Administrator’s determination final, binding,
          and conclusive. 

          

     	10.2. 	  	
          Appeals. 

          

     	(a) 	  	
          If the claimant should appeal to the Plan Administrator, he, or his duly
          authorized representative, may submit, in writing, whatever issues and comments
          he, or his duly authorized representative, feels are pertinent. The Plan
          Administrator shall re-examine all facts related to the appeal and make a final
          determination as to whether the denial of benefits is justified under the
          circumstances. The Plan Administrator shall advise the claimant in writing of
          its decision on his appeal, the specific reasons for the decision, and the
          specific Plan provisions on which the decision is based. The notice of the
          decision shall be given within 60 days of the claimant’s written request
          for review, unless special circumstances (such as a hearing) would make the
          rendering of a decision within the 60 day period infeasible, but in no event
          shall the Plan Administrator render a decision regarding the denial of a claim
          for benefits later than 120 days after its receipt of a request for review. If
          an extension of time for review is required because of special circumstances,
          written notice of the extension shall be furnished to the claimant prior to the
          date the extension period commences. 

          

     	(b) 	  	
          If, upon appeal, the Plan Administrator shall grant the relief requested by the
          claimant, then, in addition, the Plan Administrator shall award to the claimant
          reasonable fees and expenses of counsel, or any other duly authorized
          representative of claimant, which shall be paid by the Company. The
          determination as to whether such fees and expenses are reasonable shall be made
          by the Company in its sole and absolute discretion and such determination shall
          be binding and conclusive on all parties. 

          

     	10.3. 	  	
          Notice of Denials. The Plan Administrator’s notice of denial of
          benefits shall identify the address to which the claimant may forward his
          appeal. 

          

ARTICLE 11 

LIMITATION OF RIGHTS,
CONSTRUCTION 

     11.1.    
          Limitation of Rights. Neither this Plan, any Trust Agreement, nor
          membership in the Plan shall give any employee or other person any right except
          to the extent that the right is specifically fixed under the terms of the Plan.
          The establishment of the Plan shall not be construed to give any individual a
          right to be continued in the service of the Company or as interfering with the
          right of the Company to terminate the service of any individual at any time. 

     11.2.    
          Construction. The masculine gender, where appearing in the Plan, shall
          include the feminine gender (and vice versa), and the singular shall include the
          plural, unless the context clearly indicates to the contrary. Headings and
          subheadings are for the purpose of reference only and are not to be considered
          in the construction of this Plan. If any provision of this Plan is determined to
          be for any reason invalid or unenforceable, the remaining provisions shall
          continue in full force and effect. All of the provisions of this Plan shall be
          construed and enforced in accordance with the laws of the State of Utah. 

ARTICLE 12 

LIMITATION ON
ASSIGNMENT; PAYMENTS TO LEGALLY 

INCOMPETENT DISTRIBUTEE 

     12.1.    
          Anti-Alienation Clause. No benefit which shall be payable under the Plan
          to any person shall be subject in any manner to anticipation, alienation, sale,
          transfer, assignment, pledge, encumbrance or charge, and any attempt to
          anticipate, alienate, sell, transfer, assign, pledge, encumber, charge or
          otherwise dispose of the same shall be void. No benefit shall in any manner be
          subject to the debts, contracts, liabilities, engagements or torts of any
          person, nor shall it be subject to attachment or legal process for or against
          any person, except to the extent as may be required by law. 

     12.2.    
          Permitted Arrangements. Section 12.1 shall not preclude arrangements
          for the withholding of taxes from benefit payments, arrangements for the
          recovery of benefit overpayments, arrangements for the transfer of benefit
          rights to another plan, or arrangements for direct deposit of benefit payments
          to an account in a bank, savings and loan association or credit union (provided
          that such arrangement is not part of an arrangement constituting an assignment
          or alienation). Additionally, Section 12.1 shall not preclude arrangements
          for the distribution of the benefits of a Participant or Beneficiary pursuant to
          the terms and provisions of a “domestic relations order” in accordance
          with such procedures as may be established from time to time by the Plan
          Administrator. 

     12.3.    
          Payment to Minor or Incompetent. Whenever any benefit which shall be
          payable under the Plan is to be paid to or for the benefit of any person who is
          then a minor or determined by the Plan Administrator to be incompetent by
          qualified medical advice, the Plan Administrator need not require the
          appointment of a guardian or custodian, but shall be authorized to cause the
          same to be paid over to the person having custody of the minor or incompetent,
          or to cause the same to be paid to the minor or incompetent without the
          intervention of a guardian or custodian, or to cause the same to be paid to a
          legal guardian or custodian of the minor or incompetent if one has been
          appointed or to cause the same to be used for the benefit of the minor or
          incompetent. 

ARTICLE 13 

AMENDMENT, MERGER, AND
TERMINATION 

     13.1.    
          Amendment. The Company shall have the right at any time, by an instrument
          in writing duly executed, acknowledged and delivered to the Plan Administrator,
          to modify, alter or amend this Plan, in whole or in part, prospectively or
          retroactively; provided, however, that the duties and liabilities of the Plan
          Administrator and any Trustee hereunder shall not be substantially increased
          without its written consent; and provided further that the amendment shall not
          reduce any Participant’s interest in the Plan, calculated as of the date on
          which the amendment is adopted. If the Plan is amended by the Company after it
          is adopted by an Affiliate, unless otherwise expressly provided, it shall be
          treated as so amended by such Affiliate without the necessity of any action on
          the part of the Affiliate. Any Affiliate or other corporation adopting this Plan
          hereby delegates the authority to amend the Plan to the Company. An Affiliate or
          other corporation that has adopted this Plan may terminate its future
          participation in the Plan at any time. 

     13.2.    
          Merger or Consolidation of Company. The Plan shall not be automatically
          terminated by the Company’s acquisition by or merger into any other
          employer, but the Plan shall be continued after such acquisition or merger if
          the successor employer elects and agrees to continue the Plan. All rights to
          amend, modify, suspend, or terminate the Plan shall be transferred to the
          successor employer, effective as of the date of the merger. 

     13.3.    
          Termination of Plan or Discontinuance of Contributions. It is the
          expectation of the Company that this Plan and the payment of contributions
          hereunder will be continued indefinitely. However, continuance of the Plan is
          not assumed as a contractual obligation of the Company, and the right is
          reserved at any time to terminate this Plan or to reduce, temporarily suspend or
          discontinue contributions hereunder. The termination of the Plan shall not
          adversely affect any Participant or Beneficiary who has become entitled to the
          payment of any benefits under the Plan as of the date of termination; provided,
          however, that to the extent permissible under Code Section 409A and related
          regulations and guidance, including but not limited to such guidance and
          regulations as may be issued after the effective date of this Plan, if there is
          a termination of the Plan with respect to all Participants, the Company shall
          have the right, in its sole discretion, and notwithstanding any elections made
          by the Participant, to immediately pay all benefits in a lump sum following such
          termination. 

     13.4.    
          Limitation of Company’s Liability. The adoption of this Plan is
          strictly a voluntary undertaking on the part of the Company and shall not be
          deemed to constitute a contract between the Company and any employee or
          Participant or to be consideration for, an inducement to, or a condition of the
          employment of any employee. A Participant, employee, or Beneficiary shall not
          have any right to retirement or other benefits except to the extent provided
          herein. 

ARTICLE 14 

GENERAL PROVISIONS 

     14.1.    
          Status of Participants as Unsecured Creditors. All benefits under the
          Plan shall be the unsecured obligations of the Company as applicable, and,
          except for those assets which may be placed in any Trust Fund established in
          connection with this Plan, no assets will be placed in trust or otherwise
          segregated from the general assets of the Company or each Company, as
          applicable, for the payment of obligations hereunder. To the extent that any
          person acquires a right to receive payments hereunder, such right shall be no
          greater than the right of any unsecured general creditor of the Company. 

     14.2.    
          Uniform Administration. Whenever in the administration of the Plan any
          action is required by the Plan Administrator, such action shall be uniform in
          nature as applied to all persons similarly situated. 

     14.3.    
          Heirs and Successors. All of the provisions of this Plan shall be binding
          upon all persons who shall be entitled to any benefits hereunder, and their
          heirs and legal representatives. 

To signify its adoption of this Plan
document, the Company has caused this Plan document to be executed by a duly authorized
officer of the Company on this 31st day of December, 2008. 

NU SKIN ENTERPRISES,
INC. 

         By:   D. Matthew Dorny

                                                              Its:  Vice President 

SCHEDULE A 

Nu Skin International, Inc. Deferred
Compensation Plan (Adams, Mark) 

Nu Skin International, Inc. Deferred
Compensation Plan (Allen, Charles) 

Deferred Compensation
Plan (New Participant Form) (Averett, Claire) 

Deferred Compensation Plan
2004b (Averett, Claire) 

Nu Skin International, Inc. Deferred
Compensation Plan (Bush, Lori) 

Deferred Compensation
Plan 2004b (Bush, Lori) 

Nu Skin International, Inc. Deferred
Compensation Plan (Cerqueira, Luiz) 

Nu Skin International, Inc. Deferred
Compensation Plan (Chang, Joseph) 

Deferred Compensation Plan
2004b (Chang, Joseph) 

Deferred Compensation
Plan (New Participant Form) (Chard, Dan) 

Nu Skin International, Inc. Deferred
Compensation Plan (Conlee, Robert) 

Nu Skin International, Inc. Deferred
Compensation Plan (Dorny, Matt) 

Deferred Compensation Plan
(New Participant Form) (Durrant, Jodi) 

Nu Skin International, Inc. Deferred
Compensation Plan (Ford, Joe) 

Nu Skin International, Inc. Deferred
Compensation Plan (Fralick, John) 

Nu Skin International, Inc. Deferred
Compensation Plan (Frary, Jim) 

Deferred Compensation
Plan (New Participant Form) (Garrett, Gary) 

Deferred Compensation Plan
(New Participant Form) (Hartvigsen, Rich) 

Deferred Compensation
Plan 2004b (Hartvigsen, Rich) 

Deferred Compensation Plan
(New Participant Form) (Henderson, Sid) 

Deferred Compensation
Plan 2004b (Henderson, Sid) 

Deferred Compensation Plan
(New Participant Form) (Howe, Keith) 

Nu Skin International, Inc. Deferred
Compensation Plan (Hunt, Truman) 

Deferred Compensation
Plan (New Participant Form) (King, Richard) 

Deferred Compensation Plan
2004b (King, Richard) 

Deferred Compensation
Plan (New Participant Form) (Lindley, Corey) 

Nu Skin International, Inc. Deferred
Compensation Plan (Lords, Brian) 

Deferred Compensation Plan (New
Participant Form) (MacFarlene, Larry V.) 

Nu Skin International, Inc. Deferred
Compensation Plan (Mangum, Bart) 

Deferred Compensation
Plan (New Participant Form) (Messick, Owen) 

Deferred Compensation Plan
(New Participant Form) (Morris, Brad) 

Nu Skin International, Inc. Deferred
Compensation Plan (Nielson, Chris) 

Nu Skin International, Inc. Deferred
Compensation Plan (Nelson, Brett) 

Nu Skin International, Inc. Deferred
Compensation Plan (Peterson, Jack) 

Deferred Compensation
Plan (New Participant Form) (Schultz, Tom) 

Deferred Compensation Plan
(New Participant Form) (Schwerdt, Scott) 

Nu Skin International, Inc. Deferred Compensation Plan (Smidt, Carsten)

Deferred Compensation
Plan (New Participant Form) (Smith, Michael) 

Nu Skin International, Inc. Deferred
Compensation Plan (Thibaudeau, Elizabeth) 

Nu Skin International, Inc. Deferred
Compensation Plan (Treharne, Alex) 

Deferred Compensation Plan
(New Participant Form) (Van Pelt, Dane) 

Deferred Compensation
Plan 2004b (Van Pelt, Dane) 

Nu Skin International, Inc. Deferred
Compensation Plan (Wayment, Brad) 

Deferred Compensation Plan
(New Participant Form) (Wolfert, Mark) 

Nu Skin International, Inc. Deferred
Compensation Plan (Wood, Ritch) 

Nu Skin International, Inc. Deferred
Compensation Plan (Young, Rob)

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