Document:

Exhibit 10.55 to NSE FORM 10-K 2007

Performance Vested Option Master
Stock Option Agreement 2006 Plan (Non US Performance Version 2007)  

NU SKIN ENTERPRISES,
INC.
STOCK OPTION GRANT NOTICE
2006 STOCK INCENTIVE PLAN 
FOR NON-U.S. EMPLOYEES 

        Nu
Skin Enterprises, Inc. (“Company”), pursuant to its 2006 Stock Incentive Plan
(“Plan”) and the 2006 Stock Incentive Plan Master Stock Option Agreement,
together with the Appendix for your country of residence (if any) (collectively, the
“Master Agreement”) previously entered into by the parties, hereby grants to the
“Optionholder” identified below an option to purchase the number of shares of
the Company’s common stock (“Shares”) set forth below. This option is
subject to all of the terms and conditions set forth in this Stock Option Grant Notice
(the “Grant Notice”), the Master Agreement and the Plan, all of which are
incorporated herein in their entirety. Any capitalized terms not defined herein shall have
the meaning provided to such terms in the Plan. 

Optionholder:

Date of
Grant: 

Vesting Commencement Date:

Number of Shares Subject to Option:

Exercise Price (Per Share): US$

Total Exercise
Price: 

Expiration Date: 

	Type of Grant:  	  	Nonstatutory Stock Option  

	Exercise Schedule: 	  	
Same as Vesting Schedule.  

	Vesting Schedule:  	  	  

     	 	(a)

           50% of the Options shall vest at such time as the Company’s earnings per
          share for the previous 12 months (determined on a quarterly basis by the
          Compensation Committee on the date the Company’ files its Quarterly
          Report on Form 10-Q with the Securities and Exchange Commission or within a
          reasonable time thereafter) equals or exceeds $1.50 per share. 

          

     	 	(b)

           The remaining 50% of the Options shall vest at such time as the Company’s
          earnings per share for the previous 12 months (determined on a quarterly basis
          by the Compensation Committee on the date the Company’ files its
          Quarterly Report on Form 10-Q with the Securities and Exchange Commission or
          within a reasonable time thereafter) equals or exceeds $2.00 per share. 

          

     	 	(c)

           For purposes of the foregoing, “earnings per share” shall mean
          fully-diluted earnings per share calculated in accordance with generally
          accepted accounting principles; provided, however, that the following shall be
          excluded from the calculation of “earnings per share: (A) asset
          write-downs, (B) litigation or claim judgments or settlements related to claims
          arising prior to the Date of Grant or claims based, in whole or in part, on
          events or actions occurring prior to the Date of Grant, (C) accruals for
          recapitalization, reorganization and restructuring programs, (D) the
          discontinuation, disposal or acquisition of a business or division, and (E) any
          other extraordinary items. The Compensation Committee shall review and approve
          the calculation of “earnings per share,” and shall determine,
          exercising its judgment, the items to be excluded pursuant to the exceptions set
          forth above, which determination shall be binding on the Company and the
          Optionholder. The respective vesting dates under (a) and (b) above shall be the
          date that the Compensation Committee approves the calculation of earnings per
          share that meet or exceed the performance measures set forth in (a) or (b)
          above, as the case may be. 

          

	  	
In
the event any Options have not vested on or prior to the second business day following th
filing of the Company’s annual report for the year ended December 31, 2012, all
unvested options shall immediately terminate. 

Payment:        
By cash or check 

                             Same
day sale program (if permitted by the Board) 

Additional
Terms/Acknowledgements: The undersigned Optionholder acknowledges receipt of, and
understands and agrees that his or her Option is subject to this Grant Notice, the Master
Agreement and the Plan. Optionholder further acknowledges that as of the Date of Grant,
this Grant Notice, the Master Agreement and the Plan set forth the entire understanding
between Optionholder and the Company regarding the acquisition of Shares covered by this
Grant Notice and supersedes all prior oral and written agreements on that subject with the
exception of the agreements, if any, listed below. To the extent that this Grant Notice
varies the terms of the Master Agreement, this Grant Notice will prevail only with respect
to Options granted pursuant to this Grant Notice. 

         Other
Agreements: 

NU SKIN ENTERPRISES, INC. 

By:

       Signature

Title:  

Date:

 NU SKIN ENTERPRISES, INC.
2006 STOCK INCENTIVE
PLAN
MASTER STOCK OPTION AGREEMENT 
FOR NON-U.S. EMPLOYEES 

This Master Stock Option Agreement,
together with the Appendix for your country of residence (if any) (collectively, the
“Master Agreement”), is made and entered into effective as of
__________________ (the “Effective Date”) by and between Nu Skin Enterprises,
Inc., a Delaware corporation (the “Company” ), and ___________________ subject
to the terms and conditions of the Nu Skin Enterprises, Inc. 2006 Stock Incentive Plan and
any sub-plan for your country of residence (collectively, the “Plan”). In the
event of a conflict between the terms and conditions of the Plan and the terms and
conditions of this Master Agreement, the terms and conditions of the Plan shall prevail.
Unless otherwise defined herein, the terms defined in the Plan shall have the same defined
meanings in this Master Agreement. 

     	1. 	
          Master Agreement. By executing this Master Agreement, you agree that this
          Master Agreement shall govern all Options granted to you under the Plan on or
          after the Effective Date pursuant to a Stock Option Grant Notice (“Grant
          Notice”) that incorporates by reference the terms of this Master Agreement.
          Each Option grant that is intended to be governed by this Master Agreement shall
          incorporate all of the terms and conditions of this Master Agreement and shall
          contain such other terms and conditions as the Committee shall establish for the
          grant of options covered by such Grant Notice. In the event of a conflict
          between the language of this Master Agreement and any Grant Notice, the language
          of the Grant Notice shall prevail with respect to Options granted pursuant to
          that Grant Notice. In order to be effective, the Grant Notice must be executed
          by a duly authorized executive officer of the Company. You will not be required
          to sign each Grant Notice, but you shall be deemed to have accepted the Grant
          Notice (and all of the terms and conditions set forth therein) unless you
          provide written notice to the Plan Administrator of your rejection of the Grant
          Notice and all of the Options granted pursuant to such Grant Notice within 20
          days after receipt of the Grant Notice. 

          

     	2. 	
          Appendix. Notwithstanding any provision in this Master Agreement, the
          Options shall be subject to any special terms and conditions as set forth in the
          Appendix for your country of residence, if any. 

          

     	3. 	
          Grant of Option. The Company grants to you, as of the Date of Grant
          specified in the Grant Notice, an Option to purchase up to the number of shares
          of the Company’s Common Stock (“Shares”) specified in the Grant
          Notice. 

          

     	4. 	
          Vesting. 

          

     	(a) 	
          Each Option will vest and become exercisable as set forth in the applicable
          Grant Notice, provided that vesting will cease upon the termination of your
          Continuous Service, as described in Section 16(i) of this Master Agreement. 

          

     	(b) 	
          Notwithstanding any provision in the Master Agreement to the contrary, if,
          during the two-year period following a Change of Control, your Continuous
          Service is terminated other than for Cause, or if you terminate your Continuous
          Service for “Good Reason,” the vesting of each Option governed by this
          Master Agreement shall be accelerated such that it shall be deemed to be vested
          in full immediately prior to the termination of your Continuous Service. 

          

         For
purposes of this Master Agreement: 

“Cause” shall have the
meaning set forth in the Plan. 

“Change of Control” shall
have the meaning set forth in the Plan. 

“Good Reason” means the
occurrence of any of the following, without your express written consent, after the
occurrence of a Change of Control: 

         (i)       
          the assignment to you of any duties inconsistent in any material adverse respect
          with your position, authority or responsibilities as in effect immediately prior
          to a Change of Control, or any other material adverse change in such position,
          including authority or responsibilities; 

         (ii)       
          any failure by the Company (or any successor company) to continue to provide you
          with base pay, incentive compensation opportunities, and other material benefits
          (including, but not limited to, savings plans, defined benefit plans, welfare
          benefit plans and perquisites) at a level which is, in the aggregate, at least
          equal to that in effect immediately prior to a Change of Control, but shall not
          include any reduction in incentive compensation opportunities or other material
          benefits granted by the Company that are part of an across-the-board reduction
          of the incentive compensation or other material benefits of employees who are
          similarly situated with respect to you; 

         (iii)       
          the Company’s (or any successor company’s) requiring you to be based
          at any office or location more than 49 miles from that location at which you
          performed your services immediately prior to the Change of Control, except for
          travel reasonably required in the performance of your responsibilities; or 

         (iv)       
          any failure by the Company or an Affiliate to obtain the commitment of any
          successor in interest or failure on the part of such successor in interest to
          perform the obligations to you under this Agreement or any employee-related
          obligations assumed by the successor in interest in connection with its
          acquisition of the Company or an Affiliate. 

The occurrence of the events or
conditions in clauses (i)-(iv) shall not constitute Good Reason unless you provide written
notice of the action(s) or omission(s) deemed to constitute Good Reason and the Company
(or any successor company) or, if applicable, an Affiliate fails to remedy such action(s)
or omission(s) within 30 days after the receipt of such written notice. In no event shall
the mere occurrence of a Change of Control, absent any further impact on you, be deemed to
constitute Good Reason. 

     	5. 	
          Exercise Price. Your Option may be exercised, to the extent vested, prior
          to the Expiration Date (unless earlier terminated) at the Exercise Price (Per
          Share) specified in the applicable Grant Notice. The Exercise Price indicated in
          your Grant Notice may be adjusted from time to time for various adjustments in
          the Company’s equity capital structure, as provided in the Plan. 

          

     	6. 	
          Method of Payment. 

          

     	(a) 	
          Payment of the Exercise Price with respect to the exercised Option is due in
          full upon exercise of all or any part of your Option. You may elect to make
          payment of the Exercise Price in cash, by check or pursuant to a program
          developed under Regulation T as promulgated by the Federal Reserve Board that,
          prior to the issuance of Common Stock, results in either the receipt of cash (or
          check) by the Company or the receipt of irrevocable instructions to pay the
          aggregate Exercise Price to the Company from the sales proceeds. Notwithstanding
          the terms of the previous sentence, you may not be permitted to exercise your
          Option pursuant to a program developed under Regulation T as promulgated by the
          Federal Reserve Board if such exercise would violate the provisions of Section
          402 of the Sarbanes-Oxley Act of 2002. 

          

         (b)       
          The Company may permit you to make payment of the Exercise Price in any other
          form of legal consideration that may be acceptable to the Board, in its sole
          discretion. 

     	7. 	
          Whole Shares. You may exercise your Option only for whole Shares. 

          

     	8. 	
          Compliance. 

          

     	(a) 	
          Securities Law Compliance. Notwithstanding anything to the contrary
          contained herein, you may not exercise your Option unless the Shares issuable
          upon such exercise are then registered under the Securities Act or, if such
          Shares are not then so registered, the Company has determined that such exercise
          and issuance would be exempt from the registration requirements of the
          Securities Act. The exercise of your Option must also comply with other
          applicable laws and regulations governing your Option, and you may not exercise
          your Option if the Company determines that such exercise would not be in
          material compliance with such laws and regulations. 

          

     	(b) 	
          Plan Compliance. Notwithstanding anything to the contrary contained
          herein, you may not exercise your Option if the terms of the Plan do not permit
          the exercise of Options, or if the Company exercises its rights under the Plan
          to suspend, delay or restrict the exercise of Options. 

          

     	9. 	
          Term. Subject to the provisions of the Plan and this Master Agreement,
          you may exercise all or any part of the vested portion of an Option at any time
          prior to the earliest to occur of: 

          

     	(a) 	
          the date on which your Continuous Service is terminated for Cause; 

          

     	(b) 	
          three (3) months after the termination of your Continuous Service for any reason
          other than for Cause or as a result of your death or Disability; 

          

     	(c) 	
          twelve (12) months after the termination of your Continuous Service due to your
          Disability; 

          

     	(d) 	
          twelve (12) months after the termination of your Continuous Service due to your
          death; or 

          

     	(e) 	
          the Expiration Date indicated in the Grant Notice. 

          

Notwithstanding the foregoing, if the
exercise of an Option is prevented by the Company within the applicable time periods set
forth in Sections 9(b), (c) or (d) for any reason, your Option shall not expire before the
date that is thirty (30) days after the date that you (or your legal heirs) are notified
by the Company that the Option is again exercisable, but in any event no later than the
Expiration Date indicated in your Grant Notice. 

     10.    
          Exercise Procedures. 

         (a)       
          Subject to Sections 6 and 9 above and other relevant terms and conditions of the
          Plan and this Master Agreement, you may exercise the vested portion of an Option
          during its term by delivering a Notice of Exercise (in a form designated by the
          Company) specifying the number of Shares for which the Option is being
          exercised, together with the Exercise Price, to the Board or a Committee
          appointed by the Board, or to such other person as the Company may designate,
          during regular business hours, together with such additional documents as the
          Company may then reasonably require. 

         (b)       
          By exercising an Option you agree that, as a condition to any exercise of an
          Option, the Company may require you to enter into an arrangement providing for
          the payment by you to the Company of any tax withholding obligation of the
          Company (including any Affiliate) arising by reason of (1) the exercise of your
          Option, or (2) other applicable events (as described in Section 15 of this
          Master Agreement). 

         (c)       
          Your participation in the Plan, including vesting in any Options, will cease
          upon termination of Continuous Service for any reason, as described in Section
          16(i) of this Master Agreement (unless otherwise provided in the Plan or this
          Master Agreement). 

     	11. 	
          Documents Governing Issued Common Stock. Shares that you acquire upon
          exercise of an Option are subject to the terms of the Plan, the Company’s
          bylaws, the Company’s certificate of incorporation, any applicable Master
          Agreement relating to such Shares, or any other similar document. You should
          ensure that you understand your rights and obligations as a stockholder of the
          Company prior to the time that you exercise an Option. 

          

     	12. 	
          Limitations on Transfer of Options. Options are not transferable, except
          by will or by the laws of descent and distribution, and is exercisable during
          your life only by you. Any purported assignment, alienation, pledge, sale,
          transfer or encumbrance, other than as expressly permitted herein, shall be void
          and unenforceable against the Company and any Affiliate. In the event of your
          death, your vested Option shall remain exercisable by your executor or
          administrator, or the person or persons to whom your rights under this Master
          Agreement shall pass by will or by the laws of descent and distribution, as the
          case may be. Any heir or legatee shall take rights herein granted subject to the
          terms and conditions hereof and in accordance with such requirements as may be
          established by the Company from time to time. 

          

     	13. 	
          Rights Upon Exercise. You will not have any rights to dividends or other
          rights of a stockholder with respect to the Shares subject to an Option until
          you have given written notice of the exercise of the Option, paid the Exercise
          Price and any applicable taxes for such shares in full, satisfied any other
          conditions imposed by the Board pursuant to the Plan, if applicable, and become
          a holder of record of the purchased Shares. 

          

     	14. 	
          Forfeiture of Options and Related Gains. 

          

     	(a) 	
          If at any time during your Continuous Service or following the termination of
          your Continuous Service until the later of (i) the twelve (12) month anniversary
          of the termination of your Continuous Service for any reason, and (ii) the six
          (6) month anniversary of the date you exercise any outstanding Options, a
          Forfeiture Event occurs, then the Company may, in its sole discretion: (A)
          direct that you return for cancellation (without the payment of any
          consideration) any Shares which you hold that were issued to you under the Plan,
          and/or (B) direct that you pay back, in cash or in shares, or any combination
          thereof, an amount equal to the gain realized or payment received upon the
          exercise of any of your Options and/or the sale of any underlying Shares
          obtained under the Plan (whether or not pursuant to the exercise of Options)
          during the 12 month period immediately preceding the Forfeiture Event or upon or
          after the occurrence of any such Forfeiture Event. The Company shall determine
          the manner of the recovery of any such amounts which may be due and which may
          include, without limitation, set-off against any amounts which may be owed by
          the Company or any of its Affiliates to you. For purposes of determining whether
          a “Forfeiture Event” has occurred, the term “Cause” shall
          mean the following: (i) conduct related to your employment for which criminal
          penalties may be sought, (ii) the commission of an act of fraud or intentional
          misrepresentation, (iii) embezzlement or misappropriation or conversion of
          assets or opportunities of the Company, (iv) any material breach of the
          non-competition or non-solicitation provisions of the Key Employee Covenants
          previously provided to you, (v) any material breach of the confidentiality
          provisions of the Key Employee Covenants, or any other non-disclosure Master
          Agreement with the Company or other duty of confidentiality, or (vi) any other
          material breach of the Key Employee Covenants. The Committee, in its sole
          discretion, may waive at any time in writing this forfeiture provision and
          release you from liability hereunder. 

          

     	(b) 	
          If the Company is required to prepare an accounting restatement due to the
          material noncompliance of the Company with any financial reporting requirement
          under the securities laws, the Compensation Committee may terminate any options
          granted hereunder or require you to reimburse the Company the amount of any
          payment or benefit received upon exercise of any option granted hereunder to the
          extent the Option would not have been earned or accrued after giving effect to
          the accounting restatement. 

          

     	15. 	
          Responsibility for Taxes and Notice Requirement. 

          

     	(a) 	
          Regardless of any action the Company or, if different, your employer (the
          “Employer”) takes with respect to any or all income tax (including
          federal, state and other taxes), social insurance, payroll tax, payment on
          account or other tax-related withholding (“Tax-Related Items”), you
          acknowledge that the ultimate liability for all Tax-Related Items legally due by
          you is and remains your responsibility and that the Company and/or the Employer
          (i) make no representations or undertakings regarding the treatment of any
          Tax-Related Items in connection with any aspect of the Options, including the
          grant of the Options, the vesting of the Options, the exercise of the Options,
          the subsequent sale of any Shares acquired upon exercise and the receipt
          of any dividends; and (ii) do not commit to structure the terms of the grant
          or any aspect of the Options to reduce or eliminate your liability for
          Tax-Related Items. 

          

     	(b) 	
          You may not exercise an Option unless and until the tax withholding
          obligations of the Company and/or any Affiliate are satisfied or appropriate
          arrangements (acceptable to the Company) are made therefor, and you authorize
          the Company and its Affiliates to take such action as may be necessary to
          satisfy any such tax withholding obligations. 

          

     	(c) 	
          If permissible under local law and regulations, you authorize the Company
          and/or the Employer, at their discretion, to satisfy the obligations with
          respect to Tax-Related Items by one or a combination of the following: (i)
          selling or arranging for the sale of Shares otherwise deliverable to you upon
          exercise of the Options; (ii) withholding from your wages or other cash
          compensation payable to you by the Company or the Employer (whether in cash,
          securities or other property); (iii) withholding from proceeds of the sale of
          Shares purchased upon exercise of the Options (including by means of a
          “same day sale” program developed under Regulation T as promulgated by
          the Federal Reserve Board to the extent permitted by the Company and applicable
          law, including, but not limited to, Section 402 of the Sarbanes-Oxley Act of
          2002); or (iv) withholding in Shares, provided that the Company only withholds
          the amount of Shares necessary to satisfy the minimum withholding amount.
          Finally, you will pay to the Company or the Employer any amount of Tax-Related
          Items that the Company or the Employer may be required to withhold as a result
          of your participation in the Plan that cannot be satisfied by the means
          previously described. 

          

     	(d) 	
          The Company may permit you to make provision for the payment of any tax
          withholding obligation by authorizing the Company to withhold Shares having a
          Fair Market Value equal to the amount of such taxes or a portion thereof, as
          applicable. The Company may refuse to deliver any of the Shares if you fail to
          comply with your obligations in connection with the Tax-Related Items described
          in this Section. 

          

     	16. 	
          Nature of Grant. In accepting the Options and signing this Master
          Agreement, you acknowledge that: 

          

     	(a) 	
          the Plan is established voluntarily by the Company, it is discretionary in
          nature and may be modified, amended, suspended or terminated by the Company at
          any time, unless otherwise provided in the Plan; 

          

     	(b) 	
          the grant of the Option is voluntary and occasional and does not create any
          contractual or other right to receive future awards of options, or benefits in
          lieu of options even if options have been awarded repeatedly in the past; 

          

     	(c) 	
          the Option is an extraordinary item that does not constitute compensation of any
          kind for services of any kind rendered to the Company or to any Affiliate, and
          the Option is outside the scope of your employment contract, if any; 

          

     	(d) 	
          nothing in this Master Agreement or in the Plan shall confer upon you any right
          to continue in the employment or service of the Employer or the Company for any
          period of specific duration or interfere with or otherwise restrict in any way
          the rights of the Employer or the Company, which rights are hereby expressly
          reserved, to terminate your employment or service at any time for any reason,
          with or without Cause except as may otherwise be provided pursuant to a separate
          written employment agreement. In addition, nothing in this Master Agreement or
          the Plan shall obligate the Company or your Employer or any of its Affiliates,
          their respective stockholders, Boards of Directors, officers or employees to
          continue any relationship that you might have as a Director or Consultant or
          otherwise for your Employer or the Company or any of its Affiliates; 

          

     	(e) 	
          all decisions with respect to future grants of Options, if any, will be at the
          sole discretion of the Company; 

          

     	(f) 	
          your participation in the Plan is voluntary; 

          

     	(g) 	
          the Option is not part of normal or expected compensation or salary for any
          purpose, including, but not limited to, calculation of any severance,
          resignation, termination, redundancy, end of service payments, bonuses,
          long-service awards, pension or welfare or retirement benefits or similar
          payments and in no event should be considered as compensation for, or relating
          in any way to, past services for the Company or any Affiliate or the Employer; 

          

     	(h) 	
          in consideration of the grant of the Option, no claim or entitlement to
          compensation or damages arises from termination of the Option or diminution in
          value of the Option or Shares received upon vesting of the Option resulting from
          termination of your Continuous Service or other service-providing relationship
          with the Company or any Affiliate (for any reason whatsoever and whether or not
          in breach of local labor laws) and you irrevocably release the Company and the
          Employer from any such claim that may arise; if, notwithstanding the foregoing,
          any such claim is found by a court of competent jurisdiction to have arisen,
          then, by signing this Master Agreement, you shall be deemed irrevocably to have
          waived your entitlement to pursue such claim; 

          

     	(i) 	
          in the event of the termination of your Continuous Service (whether or not in
          breach of local labor laws), your right to receive and vest in the Option under
          the Plan, if any, will terminate effective as of the date that you are no longer
          actively employed or providing service and will not be extended by any notice
          period mandated under local law (e.g., active employment or service would
          not include a period of “garden leave” or similar period pursuant to
          local law); furthermore, in the event of termination of employment (whether or
          not in breach of local labor laws), your right to exercise the Option after
          termination of employment, if any, will be measured by the date of termination
          of your active employment and will not be extended by any notice period mandated
          under local law; the Committee shall have the exclusive discretion to determine
          when you are no longer actively employed for purposes of the Plan; 

          

         (j)       
          the Company is not providing any tax, legal or financial advice, nor is the
          Company making any recommendations regarding your participation in the Plan, or
          your acquisition or sale of the underlying Shares; and 

         (k)       
          you are hereby advised to consult with your own personal tax, legal and
          financial advisors regarding your participation in the Plan before taking any
          action related to the Plan. 

     	17. 	
          Data Privacy Notice and Consent. You hereby explicitly and
          unambiguously consent to the collection, use and transfer, in electronic or
          other form, of your  personal data as described in this
          Master Agreement by and among, as applicable, the Employer, the Company, and its
          Affiliates for the exclusive purpose of  implementing,
          administering and managing your participation in the Plan. 

          

         You
understand that the Company and the Employer may hold certain personal information about
you, including, but not limited to, your name, 

	  	
home
address and telephone number, date of birth, social insurance number or other
identification number, salary, nationality, job title, any shares of stock or
 directorships held in the Company, details of all Options or any
other entitlement to Shares awarded, canceled, vested, unvested or outstanding in your
favor, for  the purpose of implementing, administering and managing
the Plan (“Data”). 

         You
understand that Data may be transferred to any third parties assisting in the
implementation, administration and management of the Plan, 

	  	
that
these recipients may be located in your country, or elsewhere, and that the
recipient’s country may have different data privacy laws and protections than your
 country. You understand that you may request a list with the names
and addresses of any potential recipients of the Data by contacting your local human
resources  representative. You authorize the recipients to receive,
possess, use, retain and transfer the Data, in electronic or other form, for the sole
purpose of  implementing, administering and managing your
participation in the Plan, including any requisite transfer of such Data as may be
required to a broker, escrow agent  or other third party with whom
the Shares received upon exercise of the Option may be deposited. You understand that Data
will be held only as long as is necessary  to implement, administer
and manage your participation in the Plan. You understand that you may, at any time, view
Data, request additional information about the  storage and
processing of Data, require any necessary amendments to Data or refuse or withdraw the
consents herein, in any case without cost, by contacting in  writing
your local human resources representative. You understand, however, that refusal or
withdrawal of consent may affect your ability to participate in the 
Plan. For more information on the consequences of your refusal to consent or
withdrawal of consent, you understand that you may contact your local human resources
 representative. 

     	18. 	
          Severability. If any one or more terms, provisions, covenants or
          restrictions contained herein shall be determined by a court of competent
          jurisdiction to be invalid, void or unenforceable, then the remainder of the
          terms, provisions, covenants and restrictions shall remain in full force and
          effect and shall in no way be affected, impaired or invalidated. 

          

     	19. 	
          Notices. Any notices provided for in this Master Agreement (including the
          Notice of Exercise required under Section 10 of this Master Agreement) or the
          Plan shall be given in writing and shall be deemed effectively given upon
          receipt, or in the case of notices delivered by mail, five (5) days after
          deposit in the United States mail (or with another delivery service), certified
          or registered mail, return receipt requested or postage prepaid. Notices from
          the Company will be provided to you at the last address you provided to the
          Company and will be deemed effectively given to you at that address. 

          

     	20. 	
          Language. If you have received this Master Agreement or any other
          document related to the Plan translated into a language other than English and
          if the translated version is different than the English version, the English
          version will control, unless otherwise prescribed by local law. 

          

     	21. 	
          Signature in Counterparts. This Master Agreement may be signed in
          counterparts, each of which shall be an original, with the same effect as if the
          signatures thereto and hereto were upon the same instrument. 

          

     	22. 	
          Electronic Delivery. The Company may, in its sole discretion, decide to
          deliver any documents related to participation in the Plan, Options granted
          under the Plan or future options that may be granted under the Plan by
          electronic means or to request your consent to participate in the Plan by
          electronic means. You hereby consent to receive such documents by electronic
          delivery and, if requested, to agree to participate in the Plan through an
          on-line or electronic system established and maintained by the Company or a
          third party designated by the Company. 

          

     	23. 	
          Option Subject to Plan Document. By entering into this Master Agreement,
          you agree and acknowledge that you have received and read a copy of the Plan and
          this Master Agreement. The Option is subject to the terms and provisions of the
          Plan, this Master Agreement and the applicable Grant Notice. 

          

     	24. 	
          Choice of Law. The interpretation, performance and enforcement of this
          Master Agreement shall be governed by the laws of the State of Utah, without
          regard to principles of conflicts of laws, as provided in the Plan. For purposes
          of litigating any dispute that arises under this Master Agreement or the grant
          of the Option, the parties hereby submit to and consent to the jurisdiction of
          the State of Utah, agree that such litigation shall be conducted in the courts
          of Utah Country, Utah, or the federal courts of the United States for the
          District of Utah where this grant is made and/or to be performed. 

          

        IN
WITNESS WHEREOF, the parties have executed this Master Agreement to be
effective as of the date first indicated above. 

Nu Skin Enterprises,
Inc. 

By:
        ______________________________ 
Title:      ______________________________

Date:

Employee 

Name: 

Date: 

Address:Exhibit 10.63 to NSE FORM 10-K 2007

	  	
The
following summarizes the relevant incentive periods, performance targets, and formulas
established by the Compensation Committee under the 2006 Senior Executive Plan for 2008. 

      Incentive
Periods. 

               	(1) 	  	
                    Annual Incentive Period. There shall be one annual incentive period (the
                    “Annual Incentive Period”) commencing on January 1st. 

                    

               	(2) 	  	
                    Quarterly Incentive Periods. In addition, there shall be four quarterly
                    incentive periods (the “Quarterly Incentive Periods”)
                    commencing on the first day of each of the Company’s fiscal quarters. 

                    

               	(3) 	  	
                    Base Salary. Target bonuses shall be established by the Compensation
                    Committee for each Participant. The target bonuses shall be expressed in terms
                    of a percentage of base salary. Fifty percent of the target bonus shall be based
                    on performance in the Annual Incentive Period and 12.5% of the target bonus
                    shall be based on performance in each of the Quarterly Incentive Periods. Based
                    on this allocation of target bonus, the calculation of bonuses for the Annual
                    Incentive Period shall be based on 50% of annual base salary as defined below,
                    and the calculation of bonuses for the Quarterly Incentive Periods shall be
                    based on 12.5% of base salary as defined below. Base salary shall be the base
                    salary that is in effect on the date the final Incentive Award is calculated and
                    shall include foreign service premiums, but shall not include cost of living
                    allowances or any other premiums. 

                    

               	(4) 	  	
                    Incentive Period. The Annual Incentive Period and the Quarterly Incentive
                    Periods are collectively referred to as the “Incentive
                    Periods,” and individually as an “Incentive Period.” 

                    

      Incentive
Targets 

               	(1) 	  	
                    Critical Success Factors. “Diluted Earnings per share,”
                    “Operating Income” and “Revenue” shall be the performance
                    targets used to determine whether an Incentive Award shall be paid for an
                    Incentive Period and the amount of any such Incentive Awards to be paid to a
                    Participant under the Plan. In addition, the Compensation Commmittee may utilize
                    one or more additional performance targets to determine the portion of an
                    Incentive Award that shall be paid. 

                    

               	(2) 	  	
                    Establishment of Incentive Targets. The Compensation Committee shall
                    approve minimum level, budget level and stretch level earnings per share targets
                    (the “EPS Targets”) for global results, minimum level, budget
                    level and stretch level operating income targets for regional results, and
                    minimum level, budget level and stretch level revenue targets (the “Rev
                    Targets”) for each Incentive Period for each Executive. The targets are
                    referred to as the “Targets.” The Compensation Committee shall
                    also approve targets for the additional performance targets (the
                    “Additional  Targets”). 

                    

      Incentive
Award Thresholds 

               	(1) 	  	
                     Threshold. In the event that the Company’s earnings per share
                    target is less than the minimum EPS target for the applicable Incentive Period,
                    no Incentive Award shall be paid to any Participant for such Incentive Period
                    for global results. In the event operating income for a region is less than the
                    minimum OP target for the region, no Incentive Award shall be paid to the
                    applicable regional executive Participant for such Incentive Period for regional
                    results. 

                    

               	(2) 	  	
                    Other Thresholds. If actual performance is less than the minimum Target
                    of another specified Target for an Executive in any given Incentive Period, the
                    portion of the Incentive Award tied to such Target shall not be paid for such
                    Incentive Period, but this shall not affect the payment of the portion of the
                    Incentive Award tied to other Targets in which performance is equal to or
                    greater than the minimum Target of the applicable Target except as provided in
                    Paragraph (1) above. 

                    

               	(3) 	  	
                    Compensation Committee Discretion. Notwithstanding anything to the
                    contrary, the Compensation Committee may elect not to pay an Incentive Award
                    under this Plan to a Participant even if the applicable Targets have been met.
                    Such determination may be made based on such factors that the Compensation
                    Committee considers relevant including, without limitation, failure of such
                    Participant to perform individual employment responsibilities at acceptable
                    performance level or other performance related issues. 

                    

      Incentive
Awards 

               	(1) 	  	
                    Incentive Awards. In the event the relevant EPS and OP targets have been
                    satisfied, the total Incentive Award for an Executive for any Incentive Period
                    shall be determined by multiplying the applicable portion of Participant’s
                    base salary (as set forth in “Incentive Periods” above) by the sum of
                    all of the Adjusted Bonus Percentages applicable for such Incentive Period with
                    respect to the Targets and Additional Targets where the required performance
                    thresholds have been met. 

                    

               	(2) 	  	
                     Bonus Percentages. The Committee has established a target bonus
                    percentage (the “Bonus Percentage”) for each Participant
                    representing a percentage of base salary. Such Bonus Percentage shall be
                    allocated to the respective Targets as follows: 

                    

Regional Executives

		
	Global Revenue	 	 	 	15	%
	Global EPS	 	 	 	15	%
	Regional Revenue	 	 	 	49	%
	Regional OP	 	 	 	21	%

Corporate

		
	Global Revenue	 	 	 	50	%
	Global EPS	 	 	 	50	%

     	(3) 	  	
          Adjusted Bonus Percentages. The formulas described in parts (a) and (b)
          below are used to adjust the Bonus Percentage for the applicable Target. The
          formulas shall not apply to the Additional Targets. 

          

     	a. 	  	
          In the event that actual performance equals or exceeds the minimum level Target,
          but is less than the budget level Target, the Bonus Percentage for such
          Incentive Period and such Target shall be adjusted in accordance with the
          following formula: 

          

	  	  	   	  	Adjusted Bonus
Percentage = Bonus Percentage * [.50+ (.50* ((Actual  Performance - Minimum Level
 Target)/(Budget  Level                                                 Target - Minimum
Level Target))]  

	  	
The
formula results in a 50% negative adjustment to the applicable Bonus Percentage at the
minimum level Target, with the adjusted bonus percentage increasing linearly to equal the
applicable Bonus Percentage at the budget level Target. 

     	b. 	  	
          In the event that actual performance equals or is greater than the budget level
          Target, the Bonus Percentage for such Incentive Period and such Target shall be
          adjusted in accordance with the following formula: 

          

	  	  	  	  	Adjusted Bonus
Percentage = Bonus Percentage * [1+ ((Actual Performance - Budget Level  Target)/(Stretch
 Level Target -                                                 Budget Level Target))]  

	  	
The
formula results in a linear adjustment to the applicable Bonus Percentage with the
Adjusted Bonus Percentage being equal to 200% of the applicable Bonus Percentage at the
stretch level Target. 

     	c. 	  	
          In the event that actual performance exceeds the stretch level Target, the Bonus
          Percentage for such Incentive Period and such Target shall be adjusted in
          accordance with the following formula: 

          

	  	  	   	  	Adjusted Bonus
Percentage = Bonus Percentage * [1+ ((Actual Performance)/(Stretch Level Target))]  

               	(4) 	  	
                    Additional Targets. In the event the Additional Targets are not achieved,
                    the Compensation Committee shall have the discretion to reduce the bonuses
                    otherwise payable under this Plan by an amount up to the Additional Target
                    Percentage multiplied by the bonus otherwise earned. For regional executives,
                    the reduction will only apply against bonuses attributable to regional results.
                    The Compensation Committee may determine the method, if any, of adjusting the
                    Bonus Percentage for Additional Targets. The Additional Target Percentages are
                    as follows: 

                    

		
	Regional Executives	 	 	 	20	%
	Corporate Executives	 	 	 	10	%

	  	        In
the event an Additional Target is an annual performance measure rather than a quarterly
performance measure, the Compensation Committee shall have the discretion to make the
reduction against quarterly Incentive Awards based on projections, and make a true up with
respect to future awards. 

               	(5) 	  	
                    Cap. Incentive Awards will be capped according to the following schedule: 

                    

               	a. 	  	
                    For markets which budget a loss and achieve a loss – 100% b. For markets
                    which budget a loss and achieve positive results – 150% c. For markets
                    which budget operating income less than 5% of revenue – 150% d. There is no
                    cap for markets which budget operating income exceeding 5% of total revenue. 

                    

               	(6) 	  	
                    Determination of Incentive Award Payments. The Compensation Committee
                    shall make the determination of whether a Target has been achieved and the level
                    of Incentive Award that is payable with respect to each executive. In
                    determining whether a performance target has been satisfied, the Compensation
                    Committee may make such adjustments as allowed under the Plan or determine
                    performance levels without regard to items as allowed by the Plan. In the event
                    that the accrual of an Incentive Award would result in an EPS or OP Target not
                    being achieved, but the Target would be achieved without the accrual, then the
                    amount of bonus that will be payable shall be reduced in amount until the EPS or
                    OP Target will be achieved.

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