2009 Cash Bonus Plan Summary

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Exhibit 10.1

2009 Cash Bonus Plan Summary

        As reported in the FGX International Holdings Limited (the "Company") Current Report on Form 8-K dated February 11, 2009, the Compensation Committee of the Board of Directors of the Company adopted the 2009 Cash Bonus Plan (the "Plan") for the Company's fiscal year ending January 2, 2010. Bonus payouts under the Plan will constitute Performance Units under the Company's 2007 Incentive Compensation Plan. The Compensation Committee designated employees serving in the position of vice president and above of the Company ("Executive Officers"), and the Chief Executive Officer may designate certain other key employees of the Company or its subsidiaries, to participate in the Plan.

        The Compensation Committee approved a target bonus amount, expressed as a percentage of salary, for each Executive Officer. The following table sets forth the target bonus percentage for the Company's principal executive officer, principal financial officer and each other named executive officer.