TOYS R US INC
TOYS "R" US, INC. EXHIBIT 10.4 JUNE 14, 2005
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<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>toyex10-4_061405.htm
<DESCRIPTION>TOYS "R" US, INC. EXHIBIT 10.4 JUNE 14, 2005
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<p align="right"><b>Exhibit 10.4</b></p>

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        <p align="center"><b>AMENDMENT TO THE TOYS 'R' US, INC. SUPPLEMENTAL
        EXECUTIVE RETIREMENT PLAN</b></td>
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      <td width="100%" colspan="3"><b>&nbsp;</b></td>
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      <td width="100%" colspan="3"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        WHEREAS</b>, on March 17, 2005, the Company entered into an Agreement
        and Plan of Merger with Global Toys Acquisition, LLC, and Global Toys
        Acquisition Merger Sub, Inc. (the &quot;Merger Agreement&quot;); and</td>
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      <td width="100%" colspan="3">&nbsp;</td>
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      <td width="100%" colspan="3"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        WHEREAS</b>, Section 6.15 of the Merger Agreement provides that at or
        prior to the Effective Time as defined in the Merger Agreement, the
        Company shall accelerate the vesting under and provide for the
        termination and, no later than fifteen (15) days following the Closing
        Date (as defined under the Merger Agreement), distribution of all
        amounts under the Toys &quot;R&quot; Us, Inc. Supplemental Executive
        Retirement Plan (the &quot;Plan&quot;); and</td>
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      <td width="100%" colspan="3">&nbsp;</td>
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      <td width="100%" colspan="3"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        WHEREAS</b>, the Compensation and Organizational Development Committee
        of the Company wishes to amend the Plan to implement Section 6.15 of the
        Merger Agreement and for other purposes; and</td>
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      <td width="100%" colspan="3">&nbsp;</td>
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      <td width="100%" colspan="3"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        WHEREAS</b>, pursuant to Article XI of the Plan, the Committee has
        authorized the following amendment to the Plan;</td>
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      <td width="100%" colspan="3">&nbsp;</td>
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      <td width="100%" colspan="3"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        NOW THEREFORE</b>, the Plan is hereby amended as follows, effective as
        of the date indicated:</td>
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      <td width="100%" colspan="3">&nbsp;</td>
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      <td width="100%" colspan="3">&nbsp;&nbsp;&nbsp;&nbsp; 1. There is hereby
        added a new Section 2.5A to read as follows:</td>
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      <td width="100%" colspan="3">&nbsp;</td>
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      <td width="100%" colspan="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        &quot;2.5A&nbsp;&nbsp;&nbsp;&nbsp; '<b>Compensation</b>' means
        Compensation as defined under the Savings Plan (which, as of the date of
        this Amendment, is defined in Section 1.08(a) of the Savings Plan, as
        most recently amended), except as provided in Section 5.5 regarding
        Disability.&quot;</td>
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      <td width="100%" colspan="3">&nbsp;</td>
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      <td width="100%" colspan="3">&nbsp;&nbsp;&nbsp;&nbsp; 2. Section 2.12
        (&quot;Eligible Earnings&quot;) is hereby amended by deleting from such
        Section the words &quot;Total Compensation&quot; and by substituting
        therefor the word &quot;Compensation.&quot;</td>
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      <td width="100%" colspan="3">&nbsp;</td>
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      <td width="100%" colspan="3">&nbsp;&nbsp;&nbsp;&nbsp; 3. Section 2.23
        (Total Compensation) is hereby deleted in its entirety.</td>
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      <td width="100%" colspan="3">&nbsp;</td>
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      <td width="100%" colspan="3">&nbsp;&nbsp;&nbsp;&nbsp; 4. There is hereby
        added a new Article XIII to read as follows:
        <p>&nbsp;</td>
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      <td width="4%" align="center">&nbsp;</td>
      <td width="92%" align="center">&quot;<b>ARTICLE XIII<br>
        ACCELERATED VESTING AND PLAN TERMINATION</b></center>
      <p align="left">13.1&nbsp;&nbsp;&nbsp;&nbsp; On March 17, 2005, the
      Company entered into an Agreement and Plan of Merger with Global Toys
      Acquisition, LLC, and Global Toys Acquisition Merger Sub, Inc. (the
      &quot;Merger Agreement&quot;). Section 6.15 of the Merger Agreement
      provides that at or prior to the Effective Time (as defined in the Merger
      Agreement), the Company shall accelerate the vesting under and provide for
      the termination and distribution of all amounts under the Plan.
      Accordingly, in order to give effect to the Merger Agreement, (i) as of
      the Effective Time, all accounts and contributions of any type whatsoever
      under the Plan shall become fully vested as of the Effective Time; and
      (ii) the Plan shall terminate as of the Effective Time and, as part of
      that termination, all accounts under the Plan shall be distributed to
      Participants hereunder (whether or not then in pay status) no later than
      15 days following the Closing Date (as defined under the Merger
      Agreement).&quot;</td>
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    <td width="4%"></td>
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      <td width="100%" colspan="3">&nbsp;</td>
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      <td width="100%" colspan="3">&nbsp;&nbsp;&nbsp;&nbsp; 5. This Amendment
        shall be effective as of the date indicated below. Except as amended
        herein, the Plan shall continue in full force and effect.</td>
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      <td width="100%" colspan="3">&nbsp;</td>
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      <td width="100%" colspan="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        <b>IN WITNESS WHEREOF</b>, the undersigned Officer of the Company has
        caused this instrument to be executed this 9th day of June, 2005.</td>
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<p align="left"><b><u><font size="3">Toys &ldquo;R&rdquo; Us, Inc.</font></u></b></p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p align="center"><font size="3">(Registrant)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p><font size="3">By:&nbsp;&nbsp;&nbsp;</font></p>
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<p><u><font size="3">/s/ Deborah M. Derby&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u></p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p><font size="3">Name:&nbsp;&nbsp;&nbsp;</font></p>
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<p>Deborah M. Derby</p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p><font size="3">Title:&nbsp;&nbsp;&nbsp;</font></p>
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<p><font size="3">Executive Vice President -</font></p>
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<p align="center"><font size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
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<p><font size="3">Human Resources</font></p>
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