Fossil (FOSL) 8-K Departure of Directors or Certain Officers

Exhibit 10.1

Fossil, Inc.

Non-employee Director Cash Compensation

Effective April 1, 2009

1.Board of Directors

Annual Retainer	$	37,200
In-person meeting fee	$	1,395
Telephone meetings*	$	930

2.Audit Committee

Chair annual retainer	$	18,600
Member retainer	$	2,325
In-person meeting fee	$	1,162
Telephone meetings*	$	930

3.Compensation Committee

Chair annual retainer	$	9,300
Member retainer	$	0
In-person meeting fee	$	1,162
Telephone meetings*	$	930

4.Nominating and Corporate Governance Committee

Chair annual retainer	$	6,975
Member retainer	$	0
In-person meeting fee	$	1,162
Telephone meetings*	$	930

5.Finance Committee

Chair annual retainer	$	6,975
Member retainer	$	0
In-person meeting fee	$	1,162
Telephone meetings*	$	930

Payment shall be made for each committee meeting attended even if attending more than one committee meeting on the same day.

* in excess of one hour