G-III APPAREL GROUP, LTD.
1999 STOCK OPTION PLAN FOR NON-EMPLOYEE DIRECTORS
1. PURPOSE. The purpose of the 1999 Stock Option Plan for Non-Employee Directors (the "Plan") is to
enable G-III Apparel Group, Ltd., a Delaware corporation (the "Company"), to provide compensatory stock
options to members of its Board of Directors (the "Board") who are not employees of, or consultants to, the
Company or its affiliates ("Non-Employee Directors").
2. STOCK SUBJECT TO THE PLAN. The Company may sell a total of 150,000 shares of its common stock,
$.01 par value (the "Common Stock"), pursuant to the Plan. Such shares may be either authorized and unissued
or held by the Company in its treasury. Shares of Common Stock covered by the unexercised portion of an
option which terminates or expires by its terms, by cancellation or otherwise, will remain issuable under the Plan.
3. ADMINISTRATION. Subject to the provisions of the Plan and applicable law, the Board, acting in its sole
and absolute discretion, will have full power and authority to interpret, apply and administer the Plan. The
decision of the Board as to any disputed question arising in connection with the Plan or any option granted under
the Plan will be final and conclusive on all persons.
4. OPTION GRANTS. An option to purchase 170 shares of Common Stock will be granted on the date the
Plan is adopted by the Board to each Non-Employee Director who is then serving as such, subject to approval
of the Plan by the Company's stockholders. An option to purchase at least 1,000 shares of Common Stock will
be granted to each Non-Employee Director on the day following the date of each annual meeting of the
Company's stockholders held after the date the Plan is adopted by the Board and during the term of the Plan.
The Board, acting in its discretion, may make a one-time grant of an option to purchase up to 10,000 shares of
Common Stock to an individual who first becomes a Non-Employee Director after the date the Plan is adopted
and approved by the Compan