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Exhibit 4.23 Nonqualified Stock Option
Contract
THIS NONQUALIFIED STOCK OPTION CONTRACT is entered
into effective as of the __ day of February, _____, by and between
Inter Parfums, Inc., a Delaware corporation (the
"Company") and _____ ("Optionee").
W I T N E S S E T H:
1. The Company, in accordance with the terms and subject to the
conditions of the 2000 Nonemployee Director Stock Option Plan of
the Company adopted by the Board of Directors on 19 December 2000
and approved by a vote the shareholders of the Company at the 2001
annual meeting of stockholders (the "Plan"), hereby grants to the
Optionee as of the date hereinabove set forth, a nonqualified
option to purchase an aggregate of _____ shares (the "Shares") of
the common stock, $.001 par value per share, of the Company (the
"Common Stock"), at $_____ per share.
2. The term of this option shall be five (5) years from the date
hereof, subject to earlier termination as provided in the Plan.
This option may be exercised in whole or in part and from time to
time as to the Shares but prior to the end of the term of the
option, by giving written notice to the Company at its principal
office, presently 551 Fifth Avenue, New York, New York 10176,
stating that the Optionee is exercising this nonqualified stock
option, specifying the number of shares purchased and accompanied
by payment in full of the aggregate purchase price therefor (i) in
cash or certified check, or (ii) with previously acquired shares of
Common Stock or a combination of the foregoing if permitted in the
discretion of the Committee. This option shall not be exercisable
at any time in an amount less than 100 Shares (or the remaining
Shares then covered and purchasable under this option if fewer that
100 Shares). In no event may this option be exercised with respect
to a fractional Share. In addition, upon the exercise of this
option, the Company may withhold cash and/or Shares to be issued
with respect thereto, having an aggregate fair market value equal
to the amount which it determines is necessary to satisfy its
obligation to withhold federal, state and local income taxes or
other taxes incurred by reason of such exercise. Alternatively, the
Company may require the holder to pay to the Comp
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