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Exhibit 10.1
 AMENDED AND RESTATED
TOYS R US HOLDINGS, INC.
2005 MANAGEMENT EQUITY PLAN
 ARTICLE I
ESTABLISHMENT AND PURPOSE; ADMINISTRATION
 Establishment; Prior Plan Board Company Initial Plan First Amendment Second Amendment Original Plan COI Amendment Plan
 Purpose Section 3.1 Participants
 Administration
 1




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ARTICLE II
DEFINITIONS
  Affiliate
 Aggregate Spread
 Award Agreement
 Award Stock
 Cause
 Change in Control
 2




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Code
 Common Stock
 Competing Business
 Competing Products
 Disability
 Effective Date
 3




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Fair Market Value
 Independent Third Party
 Initial Public Offering
 Non-Competition Period Articles
IX X
 Original Value
 Person
 4




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Permitted Transferee Section 6.6(b) 7.3(b)
 Public Sale
 Retirement
 Securities Act
 Sponsor Inflows
 Sponsor IRR
 Sponsor Outflows
 5




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Sponsors
 Stockholders Agreement Exhibit A
 Subsidiary
 Termination Date Section 4.2
 Transfer
 ARTICLE III
AWARDS AND ELIGIBILITY
 Awards Options Article
IV Rollover
Options Article V Restricted Stock Awards Article VII
 Maximum Shares Available
 6




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Eligibility
 No Right to Continued Employment
 Return of Prior Awards
 7




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Securities Laws
 ARTICLE IV
OPTIONS
 Options Article IV
 Vesting of Options Section 4.2 Section 4.2
 Tranche I Vesting
 Cumulative PercentageDate
    
    of Shares Vested2nd anniversary of date of grant
    
    
    40
    %3rd anniversary of date of grant
    
    
    60
    %4th anniversary of date of grant
    
    
    80
    %5th anniversary of date of grant
    
    
    100
    %
 8




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Tranche II Vesting
   Tranche III Vesting
   Eight Year Limit
 ARTICLE V
ROLLOVER OPTIONS
 Rollover Options Article V
 9




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Issuance for Cancellation of Other Awards
 Vesting of Rollover Options
 ARTICLE VI
GENERAL OPTION PROVISIONS
 Normal Expiration Article VI
 Exercise on Termination Section 4.2
 Procedure for Exercise Exercise Notice
 10




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Section 9.8 Section 9.6
 Representations on Exercise
   11




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[Reserved]
 Non-Transferability
 Article IX X
 Section 6.6(a) Section 6.6(b) Section 6.6(b)
 12




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Section 6.6
 Sections 7.4 7.5
 Rights as a Stockholder Section 6.8
 Notice of Dividends
 ARTICLE VII
RESTRICTED STOCK
 Restricted Stock Article VII
 13




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Representations on Acquisition
      Restrictions on Transfer
 Article IX X
 14




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Section 7.3(a)
 Section 7.3
 Restricted Stock Certificates
 Rights of a Participant
 ARTICLE VIII
JOINDERS
 Stockholders Agreement
 15




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ARTICLE IX
REPURCHASE OF SHARES
 Repurchase Option Article IX Repurchase Option
 Termination Other than for Cause or Resignation Section 10.2 Section 9.6 Section 12.3 Section 10.3 Section 10.3
 Termination for Cause Section 9.6
 Resignation Section 9.6 Section 12.3 Section 9.6
 16




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Option Repurchases Section 6.3
 Repurchase Procedures Repurchase Notice Section 9.9 Section 10.2 Repurchase Closing Section 9.6
 Sponsor Rights
 Section 9.7 Available Shares Option Notice Article IX
 17




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Election Notice
 Supplemental
Repurchase Notice
 Closing of Repurchase Article IX Section 9.8
 Restrictions on Repurchase Article IX
 18




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Article IX Article
IX
 ARTICLE X
PUT RIGHTS
 Put Rights on Death or Disability Section 10.1 Sections 9.8 9.9 Article IX Section 10.1
 Put Rights on Termination Without Cause Section 10.2 Sections 9.8 9.9 Article IX Section 10.2
 Put Rights on Retirement
 19




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Section 10.3 Sections 9.8 9.9 Article IX Section 10.3
 Option Puts Section 6.3 Article X
 Termination of Puts Article
X Article X
 Applicability of Puts Article X
 ARTICLE XI
PUBLIC OFFERINGS
 Cooperation in an IPO
 Holdback
 20




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Compliance with Laws Required Listing
 Purchaser Representative
 ARTICLE XII
RESTRICTIVE COVENANTS
  21




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Confidentiality Confidential
Information
 Assignment of Inventions Work Product
 Non-Competition; Non-Solicitation
 22




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No Restriction on Earning a Living Article XII Article XII Article XII Article XII Article XII
 ARTICLE XIII
OTHER PROVISIONS
 Indemnification
 Termination and Amendment
 Taxes
  23




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Withholding Tax Liability
 Data Protection
 Notices
 24




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Severability
 Prior Agreements
 Governing Law and Forum; Waiver of Jury Trial
 Section 409A Compliance
 Amendment and Restatement
  25




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Exhibit A