Document:

<Page>

                                                                    EXHIBIT 10.4

                              EMPLOYMENT AGREEMENT

     THIS EMPLOYMENT AGREEMENT (this "AGREEMENT") is made as of February 9, 2002
between 1-800 CONTACTS, INC., a Delaware corporation (the "COMPANY"), and Robert
G. Hunter (the "EXECUTIVE"). This Agreement shall be deemed to be effective as
of February 9, 2002 (the "EFFECTIVE DATE").

     In consideration of the mutual covenants contained herein and other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

     1.  EMPLOYMENT. The Company shall employ Executive, and Executive hereby
accepts employment with the Company, upon the terms and conditions set forth in
this Agreement, for the period beginning on the Effective Date and ending as
provided in paragraph 4 hereof (the "EMPLOYMENT PERIOD").

     2.  POSITION AND DUTIES.

     (a) During the Employment Period, Executive shall serve as the Vice
President of Finance of the Company and shall have the normal duties,
responsibilities and authority of such position.

     (b) Executive shall report to the Company's Chief Financial Officer and
such other persons as the board of directors ("the Board") may direct from time
to time, and Executive shall devote his best efforts and his full business time
and attention (except for permitted vacation periods and reasonable periods of
illness or other incapacity) to the business and affairs of the Company and its
Subsidiaries (as hereinafter defined). Executive shall perform his duties and
responsibilities to the best of his abilities in a diligent, trustworthy,
businesslike and efficient manner.

     (c) For purposes of this Agreement, "SUBSIDIARIES" shall mean any
corporation of which the securities having a majority of the voting power in
electing directors are, at the time of determination, owned by the Company,
directly or through one or more Subsidiaries.

     3.  BASE SALARY AND BENEFITS.

     (a) During the first year of the Employment Period, Executive's base salary
shall be $120,000 per annum (the "BASE SALARY"), which salary shall be payable
in regular installments in accordance with the Company's general payroll
practices and shall be subject to customary withholding. Thereafter, the Base
Salary shall be such higher rate as the Board may designate from time to time.
As used in this Agreement, the term "Base Salary" shall be deemed to include any
such increases as may be designated from time to time by corporate management.
During the Employment Period, Executive shall be entitled to participate in all
of the Company's employee benefit programs for which management employees of the
Company and its Subsidiaries are generally eligible (including the Company's
stock option program).

                                       -1-
<Page>

     (b) In addition to the Base Salary, the Board will award an annual bonus of
up to 10% of the Executive's Base Salary to Executive following the end of each
fiscal year during the Employment Period upon the Company achieving certain
operating targets as determined by the Board at the beginning of each fiscal
year during the Employment Period. In addition to the Base Salary and any
bonuses payable to Executive pursuant to this paragraph, Executive shall be
entitled to the following benefits during the Employment Period:

         (i)   Reimbursement for the cost of an annual physical examination by a
     physician of Executive's choice;
         (ii)  A maximum of two weeks vacation each year with salary, subject to
     additional vacation time either upon executive approval or according to the
     Company vacation policy; and
         (iii) Reimbursement for travel, entertainment and other business
     expenses reasonably incurred by Executive (including costs associated with
     the use of a mobile telephone); and
         (iv)  $500 per month car allowance; and
         (v)   $400 per month house cleaning allowance; and
         (vi)  Payment of all medical premiums
         (vii) Annual Tax Planning up to the amount of $1,000.

     4.  TERMINATION. (a) The Employment Period shall continue until earlier of
(i) the fourth anniversary of the Effective Date (the "EXPIRATION DATE") or (ii)
Executive's resignation, death or disability or other incapacity (as determined
by the Board in its good faith judgment) or until the Board determines in its
good faith judgment that termination of Executive's employment is in the best
interests of the Company. Notwithstanding the foregoing, the Employment Period
shall be automatically extended for an additional year unless either the Company
or the Executive delivers written notice to the other within 60 days of the
Expiration Date of its or his intention not to extend the Employment Period. In
the event of Executive's resignation of employment for any reason, (other than a
breach by the Company of paragraph 2(a)), or termination for Cause (as defined
herein), Executive shall not be entitled to receive his Base Salary or any
fringe benefits for any period after the termination of the Employment Period.
Upon any other termination of the Employment Period, Executive shall be entitled
to receive (i) his Base Salary and the health and disability benefits described
in paragraph 3(a) for a period of 12 months thereafter, and (ii) following the
end of the fiscal year in which Executive's employment is terminated and the
determination of the amount of bonus which Executive would have been entitled if
he remained employed by the Company or its Subsidiaries for the entire fiscal
year (the "Bonus Amount"), (A) 50% of the Bonus Amount if such termination
occurs in the first six months of such fiscal year or (B) 100% of the Bonus
Amount if such termination occurs in the second six months of such fiscal year.

         (b) For purposes of this Agreement, "Cause" shall mean (i) the willful
and continued failure by Executive to perform his duties of the position set
forth herein or his continued failure to perform duties reasonably requested or
reasonably prescribed by the Board (other than as a result of Executive's death
or disability), (ii) the engaging by Executive in conduct which is materially
monetarily injurious to the Company or any of its Subsidiaries, (iii) gross
negligence or

                                       -2-
<Page>

willful misconduct by Executive in the performance of his duties which results
in, or causes, material monetary harm to the Company or any of its Subsidiaries,
or (iv) Executive's commission of a felony or other civil or criminal offense
involving moral turpitude. In the case of (i), (ii) and (iii) above, finding of
Cause for termination shall be made only after reasonable notice to Executive
and an opportunity for Executive, together with counsel (if requested by
executive), to be heard before the Board. A determination of Cause by the Board
shall be effective only if agreed upon by a majority of the directors, which
shall include at least one director who is not an employee of the Company or its
Subsidiaries.

     5.  CONFIDENTIAL INFORMATION. Executive acknowledges that the information,
observations and data obtained by him while employed by the Company and its
Subsidiaries concerning the business or affairs of the Company or any other
Subsidiary ("CONFIDENTIAL INFORMATION") are the property of the Company or such
Subsidiary. Therefore, Executive agrees that he shall not disclose to any
unauthorized person or use for his own purposes any Confidential Information
without the prior written consent of the Board, unless and to the extent that
the aforementioned matters become generally known to and available for use by
the public other than as a result of Executive's acts or omissions. Executive
shall deliver to the Company at the termination of the Employment Period, or at
any other time the Company may request, all memoranda, notes, plans, records,
reports, computer tapes, printouts and software and other documents and data
(and copies thereof) relating to the Confidential Information, Work Product (as
defined below) or the business of the Company or any Subsidiary which he may
then possess or have under his control.

     6.  INVENTIONS AND PATENTS. Executive acknowledges that all inventions,
innovations, improvements, developments, methods, designs, analyses, drawings,
reports and all similar or related information (whether or not patentable) which
relate to the Company's or any of its Subsidiaries' actual or anticipated
business, research and development or existing or future products or services
and which are conceived, developed or made by Executive while employed by the
Company and its Subsidiaries ("WORK PRODUCT") belong to the Company or such
Subsidiary. Executive shall promptly disclose such Work Product to the Board and
perform all actions reasonably requested by the Board (whether during or after
the Employment Period) to establish and confirm such ownership (including,
without limitation, assignments, consents, powers of attorney and other
instruments).

     7.  NON-COMPETE, NON-SOLICITATION.

     (a) In further consideration of the compensation to be paid to Executive
hereunder, Executive acknowledges that in the course of his employment with the
Company he shall become familiar with the Company's trade secrets and with other
Confidential Information concerning the Company and its Subsidiaries and that
his services shall be of special, unique and extraordinary value to the Company
and its Subsidiaries. Therefore, Executive agrees that, during the Employment
Period and for two years thereafter (the "NONCOMPETE PERIOD"), he shall not,
without the express written consent of the Company, directly or indirectly own
any interest in, manage, control, participate in, consult with, render services
for, or in any manner engage in any business competing with the businesses of
the Company or its Subsidiaries, as such businesses exist or are in process on
the date of the termination of Executive's employment, within any geographical
area in which the

                                       -3-
<Page>

Company or its Subsidiaries engage or plan to engage in such businesses. Nothing
herein shall prohibit Executive from being a passive owner of not more than 2%
of the outstanding stock of any class of a corporation which is publicly traded,
so long as Executive has no active participation in the business of such
corporation.

     (b) During the Noncompete Period, Executive shall not directly or
indirectly through another entity (i) hire any person who was an employee of the
Company or any Subsidiary at any time during the three-month period prior to the
expiration of the Employment Period or (ii) induce or attempt to induce any
customer, supplier, licensee, licensor, franchisee or other business relation of
the Company or any Subsidiary to cease doing business with the Company or such
Subsidiary, or in any way interfere with the relationship between any such
customer, supplier, licensee or business relation and the Company or any
Subsidiary (including, without limitation, making any negative statements or
communications about the Company or its Subsidiaries) which interference causes
material monetary damage to the Company or its Subsidiaries.

     8.  ENFORCEMENT. If, at the time of enforcement of paragraph 5, 6, 7 or 8
of this Agreement, a court holds that the restrictions stated herein are
unreasonable under circumstances then existing, the parties hereto agree that
the maximum period, scope or geographical area reasonable under such
circumstances shall be substituted for the stated period, scope or area. Because
Executive's services are unique and because Executive has access to Confidential
Information and Work Product, the parties hereto agree that money damages would
not be an adequate remedy for any breach of this Agreement. Therefore, in the
event a breach or threatened breach of this Agreement, the Company or its
successors or assigns may, in addition to other rights and remedies existing in
their favor, apply to any court of competent jurisdiction for specific
performance and/or injunctive or other relief in order to enforce, or prevent
any violations of, the provisions hereof (without posting a bond or other
security). In addition, in the event of an alleged breach or violation by
Executive of paragraph 7, the Noncompete Period shall be tolled until such
breach or violation has been duly cured. Executive agrees that the restrictions
contained in paragraph 7 are reasonable.

     9.  OTHER BUSINESSES. As long as Executive is employed by the Company or
any of its Subsidiaries, Executive agrees that he will not, except with the
express written consent of the Board, become engaged in, or render services for,
any business other than the business of the Company, any of its Subsidiaries or
any corporation or partnership in which the Company or any of its Subsidiaries
have an equity interest; provided, that Executive may devote a de minimis
portion of his time to engaging in, or rendering services for, any such business
if such activities do not in any material way interfere with the performance by
Executive of his obligations hereunder and such activities do not in any way
materially and adversely affect the Company. Executive shall notify the Company
prior to engaging in any such activities. Nothing contained in this paragraph 9
shall limit the provisions of paragraph 7 above.

     10. EXECUTIVE'S REPRESENTATIONS. Executive hereby represents and warrants
to the Company that (i) the execution, delivery and performance of this
Agreement by Executive do not and shall not conflict with, breach, violate or
cause a default under any contract, agreement, instrument, order, judgment or
decree to which Executive is a party or by which he is bound,

                                       -4-
<Page>

(ii) Executive is not a party to or bound by any employment agreement,
noncompete agreement or confidentiality agreement with any other person or
entity and (iii) upon the execution and delivery of this Agreement by the
Company, this Agreement shall be the valid and binding obligation of Executive,
enforceable in accordance with its terms. Executive hereby acknowledges and
represents that he fully understands the terms and conditions contained herein.

     11. SURVIVAL. Paragraphs 5, 6, and 7 and paragraphs 11 through 19 shall
survive and continue in full force in accordance with their terms
notwithstanding any termination of the Employment Period.

     12. NOTICES. Any notice provided for in this Agreement shall be in writing
and shall be either personally delivered, or mailed by first class mail, return
receipt requested, to the recipient at the address below indicated:

         NOTICES TO EXECUTIVE:

         Rob Hunter
         1049 S 1040 E.
         Springville, UT  84663

         NOTICES TO THE COMPANY:

         1-800 CONTACTS, INC.
         66 E. Wadsworth Park Drive, 3rd Floor
         Draper, Utah  84020
         Attn:  Board of Directors

         WITH A COPY TO:

         Kirkland & Ellis
         200 E. Randolph Drive
         Chicago, Illinois  60601
         Attn:  Dennis M. Myers

or such other address or to the attention of such other person as the recipient
party shall have specified by prior written notice to the sending party. Any
notice under this Agreement shall be deemed to have been given when so delivered
or mailed.

     13. SEVERABILITY. Whenever possible, each provision of this Agreement shall
be interpreted in such manner as to be effective and valid under applicable law,
but if any provision of this Agreement is held to be invalid, illegal or
unenforceable in any respect under any applicable law or rule in any
jurisdiction, such invalidity, illegality or unenforceability shall not affect
any other provision or any other jurisdiction, but this Agreement shall be
reformed, construed and enforced

                                       -5-
<Page>

in such jurisdiction as if such invalid, illegal or unenforceable provision had
never been contained herein.

     14. COMPLETE AGREEMENT. This Agreement, those documents expressly referred
to herein and other documents of even date herewith embody the complete
agreement and understanding among the parties and supersede and preempt any
prior understandings, agreements or representations by or among the parties,
written or oral, which may have related to the subject matter hereof in any way.

     15. NO STRICT CONSTRUCTION. The language used in this Agreement shall be
deemed to be the language chosen by the parties hereto to express their mutual
intent, and no rule of strict construction shall be applied against any party.

     16. COUNTERPARTS. This Agreement may be executed in separate counterparts,
each of which is deemed to be an original and all of which taken together
constitute one and the same agreement.

     17. SUCCESSORS AND ASSIGNS. This Agreement is intended to bind and inure to
the benefit of and be enforceable by Executive, the Company and their respective
heirs, successors and assigns, except that Executive may not assign his rights
or delegate his obligations hereunder without the prior written consent of the
Company.

     18. CHOICE OF LAW. ALL ISSUES AND QUESTIONS CONCERNING THE CONSTRUCTION,
VALIDITY, ENFORCEMENT AND INTERPRETATION OF THIS AGREEMENT AND THE EXHIBITS AND
SCHEDULES HERETO SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF UTAH, WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR
CONFLICT OF LAW RULES OR PROVISIONS (WHETHER OF THE STATE OF UTAH OR ANY OTHER
JURISDICTION) THAT WOULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION
OTHER THAN THE STATE OF UTAH.

     19. AMENDMENT AND WAIVER. The provisions of this Agreement may be amended
or waived only with the prior written consent of the Company and Executive, and
no course of conduct or failure or delay in enforcing the provisions of this
Agreement shall affect the validity, binding effect or enforceability of this
Agreement.

                                    * * * * *

                                       -6-
<Page>

          IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first written above.

                                         1-800 CONTACTS, INC.

                                         By:
                                            ------------------------------
                                            Name: Jonathan Coon
                                            Its: Chief Executive Officer

                                         ---------------------------------
                                                   Robert G. Hunter

                                       -7-QuickLinks
 -- Click here to rapidly navigate through this document
  

 
 

Exhibit 10.18    
  

 
 

PHOENIX GOLD INTERNATIONAL, INC.
  
  GRANT NSO-22
  
  NONSTATUTORY STOCK OPTION AGREEMENT    
  

        THIS AGREEMENT is made as of February 12, 2002 between PHOENIX GOLD INTERNATIONAL, INC., an Oregon corporation (the "Company"), and ROBERT A. BROWN
(the "Optionee"). 

        Optionee
has been granted a nonstatutory stock option to purchase shares of the Company's Common Stock, without par value per share (the "Common Stock"), in the amount indicated below.
This option is granted outside of the Company's Amended and Restated 1995 Stock Option Plan (the "Plan"). Nonetheless, certain of the terms and
conditions of the Plan are incorporated into this Option Agreement by reference. 

        NOW,
THEREFORE, in consideration of the promises and the mutual covenants contained in this Option Agreement, the parties agree as follows: 

        1.    Grant.    The Company grants to Optionee, upon the terms and conditions set forth below, the right and option
(the "Option") to purchase 1,400 shares of Common Stock at an exercise price of $1.15 per share (the "Exercise Price"). The Option is a Nonstatutory Stock Option and is  not intended to qualify as an
Incentive Stock Option under Section 422 of the Code. 

        2.    Term of Option.    Subject to reductions in the term of the Option as provided in this Option Agreement, the
Option shall continue in effect until February 11, 2007, and may be exercised during such term only in accordance with the provisions of the Plan and this Option Agreement. 

        3.    Vesting Schedule.    The Option may be exercised, in whole or in part, in accordance with the following
schedule: (a) on the first anniversary of the date hereof, one-third of the shares purchasable under the Option may be purchased, in whole or in part, at any time thereafter until
the Option expires; and (b) continuing on each of the second and third anniversaries of the date hereof, an additional one-third of the shares purchasable under the Option may be
purchased at any time thereafter until the Option expires. 

        4.    Exercise of Option.    

        A.    Right to Exercise.    The Option is exercisable during its term in accordance with the vesting schedule set
forth above in Section 3 and the applicable provisions of this Option Agreement. In the event that the Optionee's service with the Company terminates during the term of the Option, the
exercisability of the Option shall be governed by the applicable provisions of the Plan, as if the Option had been granted under the Plan, and this Option Agreement. 

        B.    Method of Exercise.    The Option is exercisable by delivery of an exercise notice, which notice shall state the
election to exercise the Option, the number of shares of Common Stock in respect of which the Option is being exercised (the "Exercised Shares"), and such other representations and agreements as may
be required by the Company pursuant to the provisions of the Plan. In addition, Optionee agrees to execute, as a condition of Option exercise, such agreements respecting the Exercised Shares as the
Committee, in its reasonable discretion, determines to be required under the terms of agreements to which the Company is a party or otherwise advisable and in the best interests of the Company. The
exercise notice shall be signed by Optionee and shall be delivered in person or by certified mail to the Secretary of the Company. The exercise notice shall be accompanied by payment of the aggregate
Exercise Price as to all the Exercised Shares. The Option shall be deemed to be 

17

 

exercised upon receipt by the Company of such fully executed exercise notice accompanied by such aggregate Exercise Price. For income tax purposes the Exercised Shares shall be considered transferred
to Optionee on the date the Option is exercised with respect to such Exercised Shares. 

        5.    Conditions.    The obligations of the Company under this Option Agreement shall be subject to the approval of
such state or federal authorities or agencies as may have jurisdiction in the matter. The Company will use its best efforts to take such steps as may be required by state or federal law or applicable
regulations, including rules and regulations of the Securities and Exchange Commission and any national securities exchange on which the Common Stock may then be listed, in connection with the
issuance or sale of any shares acquired pursuant to this Option Agreement or the listing of such shares on any such exchange. The Company shall not be obligated to issue or deliver shares of Common
Stock under this Option Agreement if, upon advice of its legal counsel, such issuance or delivery would violate state or federal securities laws. 

        6.    Method of Payment.    Payment of the aggregate Exercise Price shall be by any of the following, or a combination
thereof, at the election of Optionee: 

	(a)
	cash;
or

	(b)
	check;
or

	(c)
	delivery
of such documentation as the Committee and Optionee's broker shall require to effect an exercise of the Option and delivery to the Company of the sale or margin loan proceeds
required to pay the aggregate Exercise Price of the Exercised Shares; or

	(d)
	surrender
of other shares of Common Stock which have a Fair Market Value on the date of surrender equal to the aggregate Exercise Price of the Exercised Shares. 

        7.    Restriction on Transfer.    The Option may not be transferred in any manner otherwise than by will or by the
laws of descent or distribution or, with the consent of the Committee, pursuant to a qualified domestic relations order (a "QDRO") as defined by the Code or Title I of the Employee Retirement Income
Security Act of 1974, as amended, and may be exercised during the lifetime of Optionee only by Optionee or Optionee's guardian or legal representative or Optionee's permitted assignee or transferee
pursuant to a QDRO. The terms of the Plan and this Option Agreement shall be binding upon the executors, administrators, heirs, successors and permitted assigns of Optionee. 

        8.    Legends.    All certificates representing any of the shares of Common Stock subject to the provisions of this
Option Agreement may, in the sole discretion of the Committee, have endorsed thereon the following legends: 

	(a)
	"THESE
SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE
REGISTRATION STATEMENT AS TO THE SECURITIES UNDER SAID ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED."

	(b)
	Any
legend required to be placed thereon by applicable Blue Sky laws of any state.

	(c)
	Any
legend required to be placed thereon by any applicable shareholder agreement. 

        9.    Employment; Service.    Nothing in the Plan or in this Option Agreement shall (a) confer upon the
Optionee any right with respect to employment with the Company or any affiliate of the Company or (ii) interfere in any way with the right of the Company or any affiliate of the Company to
terminate the Optionee's employment (or service as a Director, in accordance with applicable corporate law, or service as a Consultant) at any time for any reason, with or without cause. 

18

 

        10.    The Plan.    Although the Option has been granted outside of the Plan, the parties desire that the Option be
subject to the terms and conditions of the Plan as if it had been granted under the Plan. 

        11.    Definitions.    Any capitalized term in this Option Agreement which is not defined herein and which is defined
in the Plan shall have the same definition as in the Plan. 

        12.    Governing Law.    To the extent that federal laws (such as the Code and the federal securities laws) do not
otherwise control, the Plan and this Option Agreement shall be construed in accordance with the laws of the state of Oregon. 

        13.    Headings.    Headings contained in this Option Agreement are for reference purposes and shall not affect the
meaning or interpretation of this Option Agreement. 

        14.    General.    Optionee and the Company agree that the Option is granted under and governed by the terms and
conditions of this Option Agreement and governed by the terms and conditions of the Plan as set forth in Section 10. Optionee has reviewed the Plan and this Option Agreement in their entirety,
has had an opportunity to obtain the advice of counsel prior to executing this Option Agreement and fully understands all provisions of the Plan and Option Agreement. Optionee hereby agrees to accept
as binding, conclusive and final all decisions or interpretations of the Committee upon any questions relating to the Plan and Option Agreement. 

	 	 	 	 	 
	OPTIONEE:	 	PHOENIX GOLD INTERNATIONAL, INC.
	 	 	 	 	 
	 	 	 	 	 
	/s/  ROBERT A. BROWN      
 Signature	 	By:	 	/s/  KEITH A. PETERSON      
 Keith A. Peterson, President
	 	 	 	 	 
	ROBERT A. BROWN
 Print Name	 	By:	 	/s/  TIMOTHY G. JOHNSON      
 Timothy G. Johnson,

Executive Vice President
	 	 	 	 	 
	 	 	 	 	 
	
 Social Security Number	 	 	 	 

19

 
 
 

CONSENT OF SPOUSE    
  

        The undersigned spouse of Optionee has read and hereby approves the terms and conditions of the Plan and this Option Agreement. In consideration of the Company's
granting his or her spouse the right to purchase shares of Common Stock as set forth in this Option Agreement, the undersigned hereby agrees to be irrevocably bound by the terms and conditions of the
Plan and this Option Agreement, and further agrees that any joint or community property interest shall be similarly bound. The undersigned hereby appoints the undersigned's spouse as
attorney-in-fact for the undersigned with respect to any amendment or exercise of rights under the Plan or this Option Agreement. 

	 	 	 
	 	 	/s/  JOAN L. BROWN      
 Spouse of Optionee
	 	 	 
	 	 	 
	 	 	JOAN L. BROWN
 Print name
	 	 	 
	 	 	 
	 	 	February 19, 2002
 Date signed

20

QuickLinks

Exhibit 10.18

PHOENIX GOLD INTERNATIONAL, INC. GRANT NSO-22 NONSTATUTORY STOCK OPTION AGREEMENT

CONSENT OF SPOUSE

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}]]