Letter Agreement for Surrender and Forfeiture of Stock Options between Melvyn Knigin and Movie Star, Inc.
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Summary
Melvyn Knigin agrees to irrevocably surrender and forfeit all outstanding stock options he holds to acquire common stock of Movie Star, Inc. He also waives any rights under the related stock option agreements. This agreement is addressed to the company's Chief Financial Officer and is effective as of January 28, 2003.
EX-10.19 7 moviestar10q_ex1017.txt LETTER AGREEMENT EXHIBIT 10.19 Melvyn Knigin 400 17th Street Norwood, NJ 07648 January 28, 2003 Mr. Thomas Rende Chief Financial Officer Movie Star, Inc. 1115 Broadway New York, NY 10010 Dear Tom: I hereby irrevocably surrender and forfeit to Movie Star, Inc. (the "Company") all of the outstanding options I currently hold in order to acquire the Company's common stock, $0.01 par value, and waive any rights I may have under the applicable stock option agreements. Very truly yours, /s/ Melvyn Knigin Melvyn Knigin
