Document:

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                                                                  Exhibit 10.109

     SUMMARY OF INFORMAL INCENTIVE CASH BONUS PLAN FOR MANAGERIAL EMPLOYEES

Registrant's principal subsidiary, Tiffany and Company, and most of Registrant's
other direct and indirect subsidiaries, provide incentive cash bonus
compensation to management employees through an informal arrangement which is
not evidenced in a plan document or written contracts.

Such compensation is provided on a fiscal year basis and requires employment
throughout the fiscal year.

Senior officers (Senior Vice Presidents and up) who are subject to incentive
award agreements under the 1998 Employee Incentive Plan (the chief executive
officer, the president, and the executive vice presidents) do not participate in
this informal plan. Other senior officers do participate in this informal plan.

The opportunity for bonus participation is defined by the target bonus assigned
to the employee. Target bonuses for senior officers (other than those subject to
incentive award agreements) are 50% of salary for fiscal year 2005 and range
from 10% to 30% of salary for management employees below the level of senor
officer.

The actual bonus payout is determined by two factors for any fiscal year:
individual and organizational performance. However, the weighting of these two
factors varies by level.

For senior officer participants in this informal plan, the organizational
performance factor is weighted 100%. In the past, the Compensation Committee of
the Board of Directors has assessed this performance factor on the same scale
applied to those subject to incentive award agreements. Accordingly, senior
officer participants in this informal plan have received awards that are
equivalent, as a percentage of target bonus, to those subject to incentive award
agreements under the 1998 Employee Incentive Plan and organizational performance
has been measured by the consolidated financial results of Registrant. However,
neither the Registrant, Tiffany and Company nor the Compensation Committee has
committed to continuation of this practice.

For non-senior management participants in this informal plan,
organizational/individual performance is weighted 40/60 for vice presidents and
30/70 for other management employees. Individual performance (without regard for
organizational performance) can account for a range of between 45-75% of target
for vice presidents and 53-88% for other management. Organizational performance
may be determined, depending upon the position in question, at the consolidated
level or a lower level. However, the total budget for the organizational
component remains at the discretion of senior officers and will be evaluated on
a fiscal year basis with regard to the business plan for each segment.<PAGE>

                                                                  Exhibit 10.114

                            1994 TIFFANY AND COMPANY
                       SUPPLEMENTAL RETIREMENT INCOME PLAN
                    AMENDED AND RESTATED AS OF MARCH 7, 2005

WHEREAS, Tiffany and Company, a New York Corporation, does hereby intend by the
following instrument to establish an unfunded supplemental retirement plan for
the benefit of a select group of management or highly compensated employees; and

WHEREAS, Tiffany and Company recognizes that certain executives possess an
intimate knowledge of the business and affairs of Tiffany and Company and its
policies, methods, personnel and problems and that the contributions of these
executives are essential to the company's continued growth and success; and

WHEREAS, Tiffany and Company wants to provide selected executives with
supplemental retirement income in order to induce selected executives to remain
employed by Tiffany and Company until their retirement; and

WHEREAS, Tiffany and Company replaced its prior Supplemental Retirement Income
Plan which became effective the 20th day of October, 1989 with this Plan; and

WHEREAS, Tiffany revised this Plan this effective September 18, 2003, which
revisions are reflected in this document;

NOW, THEREFORE, to carry the above intentions into effect, and intending to be
legally bound hereby, Tiffany and Company does enter into this Plan effective
the 1st day of February, 1994.

                         This Plan shall be known as the
                            1994 TIFFANY AND COMPANY
                       SUPPLEMENTAL RETIREMENT INCOME PLAN
<PAGE>

                                    ARTICLE I
                                   DEFINITIONS

FOR THE PURPOSES OF THIS PLAN, THE FOLLOWING CAPITALIZED TERMS AND PHRASES SHALL
HAVE THE MEANINGS ASCRIBED TO THEM BELOW:

1.1   "ACTUARIAL EQUIVALENT" means the equivalent value of each form of payment,
      computed in accordance with accepted actuarial principles and on the basis
      of the same factors then required for use under the Pension Plan and the
      Excess Plan for the computation of the Participant's Pension Benefit.

1.2   "ADMINISTRATOR" means the individual appointed to administer the Plan
      pursuant to Article VII.

1.3   "AVERAGE FINAL COMPENSATION" means, with respect to a Participant, his
      average Compensation during those five years of his last ten years of
      Creditable Service in which his Compensation was highest. If an Employee
      has less than five years of Creditable Service or less than five Plan
      Years in which he accrued Creditable Service, as the case may be, his or
      her "Average Final Compensation" shall be computed as the average of his
      or her Compensation over all such years.

1.4   "BENEFICIARY" means the person, persons, trust or other entity, designated
      by written revocable designation filed with the Administrator by the
      Participant to receive payments under this Plan in the event of the
      Participant's death. In the event Participant fails to effectively make
      such a designation, the Beneficiary shall be the personal representative
      of the Participant's estate.

1.5   "BENEFIT" means, with respect to each Participant, the benefit to which
      Participant is entitled under Sections 3.2 or 3.3 of this Plan.

1.6   "CLAIMANT" means any Participant or Beneficiary who files a claim for
      benefits, either directly or through an authorized representative, under
      Section 7.7 of this Plan.

1.7   "COMMITTEE" means the Compensation Committee of the Board of Directors of
      Tiffany & Co., a Delaware corporation, which shall have authority over
      this Plan.

1.8   "CODE" means the Internal Revenue Code of 1986, as amended from time to
      time.

1.9   "COMPENSATION" means the actual base salary paid to Participant for
      services rendered to the Employer (exclusive of amounts attributable to
      the exercise of employee stock options), including straight time for all
      hours worked, commissions, bonuses, premiums and incentives (in the case
      of any Employee shown in the attached Schedule "A", the reference to
      Employer for purposes of this Section 1.9 only shall also refer to
      Affiliates of the Employer prior to October 15, 1984; for the purposes of
      this Section 1.9 "Affiliate"

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      shall mean any member of the controlled group of companies of which the
      Employer was a member within the meaning of Section 414(b), (c) and (m) of
      the Code at such prior time) including any pre-tax elective deferrals to
      any Employer sponsored retirement savings plan or cafeteria plan,
      qualified pursuant to Section 401(k) or Section 125 of the Code, and any
      pre-tax elective deferrals to the Tiffany and Company Executive Deferral
      Plan, but excluding all other Employer contributions to benefit plans and
      all other forms of remuneration or reimbursement.

1.10  "CREDITABLE SERVICE" means "Creditable Service" under the Pension Plan.

1.11  "DISABILITY" means an illness or injury which prevents a Participant from
      performing the Participant's occupation. Disability shall be determined in
      a uniform manner by the Administrator, provided, however, that no illness
      or injury shall be deemed a disability for the purposes of this Plan
      unless the Participant would be entitled to continue to be treated as a
      "Participant" under the terms of the Pension Plan and to continue to
      accrue "Creditable Service" under the terms of the Pension Plan during the
      continuation of such illness or injury.

1.12  "EARLY RETIREMENT" means the first day of the month following, or
      coincident with, severance from full-time employment (other than by reason
      of death) by a Participant (i) after attaining age sixty (60) and (ii)
      with at least fifteen (15) consecutive Years of Service with Employer;
      provided, however, that in the event a former Participant is Vested by
      reason of a "Change in Control" (as that term is defined in Section 6.2
      below), item (ii) of this Section 1.11 shall not be applicable.

1.13  "EFFECTIVE DATE" means February 1, 1994.

1.14  "ELIGIBLE EMPLOYEE" means an employee of an Employer appointed an officer
      of Tiffany & Co., a Delaware corporation, and having the title of "Chief
      Executive Officer," "President", "Executive Vice President" or "Senior
      Vice President" and such other highly compensated employees identified and
      approved by the Committee from time to time.

1.15  "EMPLOYER" means Tiffany and Company and any successor organization, or
      any other business entity which adopts this Plan with consent of the Board
      of Directors of Tiffany & Co., a Delaware corporation.

1.16  "EMPLOYMENT" means the status of being employed by Employer including
      periods of active employment and other periods for which the Eligible
      Employee is listed as an employee of Employer in the payroll records of
      Employer and periods during which the Eligible Employee is on a Leave of
      Absence and "EMPLOYED" means of the status of Employment.

1.17  "ENTRY DATE" means February 1, 1994 and each January 1 of each calendar
      year thereafter.

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1.18  "EXCESS PLAN" means the 2004 Tiffany and Company Un-Funded Retirement
      Income Plan to Recognize Compensation in Excess of Internal Revenue Code
      Limits.

1.19  "LEAVE OF ABSENCE" means any absence from employment, with or without pay,
      authorized by Employer which would not result, on the first anniversary of
      the first day of such continuing period of absence, in a "Discontinuance
      of Active Employment Date" under the Pension Plan.

1.20  "PARTICIPANT" means any Eligible Employee who has met the conditions for
      participation as set forth in Article II.

1.21  "PLAN" means the 1994 Tiffany and Company Supplemental Retirement Income
      Plan as described in this instrument, as amended from time to time.

1.22  "PLAN YEAR" means a "Plan Year" under the Pension Plan.

1.23  "PENSION BENEFIT" means, with respect to each Participant, the annual
      retirement allowance to which Participant is entitled at Retirement
      payable from the Pension Plan and the Excess Plan and actuarially
      determined on the basis of an annuity for Participant's life utilizing
      actuarial assumptions as pertain for all other purposes of said Pension
      Plan and the Excess Plan whether or not such retirement allowance is
      actually paid, and regardless of any optional form of benefit payment
      elected under the Pension Plan and the Excess Plan by said Participant.

1.24  "PENSION PLAN" means the Tiffany and Company Pension Plan as such Pension
      Plan may be amended from time to time.

1.25  "PERMITTED RETIREMENT" means, with respect to each Participant, the
      earlier of the date on which he takes Early Retirement or Retirement.

1.26  "RETIREMENT" means any severance from full-time employment by a
      Participant or former Participant (other than by reason of death) after
      attaining Retirement Age.

1.27  "RETIREMENT AGE" means age sixty-five (65).

1.28  "SOCIAL SECURITY BENEFIT" means the amount of the Participant's
      anticipated unreduced primary insurance benefit under Title II of the
      Federal Social Security Act computed on the basis of such Act in effect at
      Permitted Retirement, and consisting of that annual amount to which the
      Participant would upon proper application be entitled at Retirement Age
      irrespective of earnings he may be receiving or might receive in excess of
      any limit on earnings for full entitlement to such benefit. When used in
      connection with the computation of a Benefit payable under Section 3.3 of
      the Plan, "Social Security Benefit" shall mean the said Social Security
      Benefit computed on the assumption that the

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      Participant will continue to receive Compensation until age 65 for
      purposes of Social Security in the same amount as in effect on the date of
      his Permitted Retirement. With respect to periods for which the
      Participant's actual compensation for Social Security purposes is not
      available, the Social Security Benefit shall be calculated on the
      assumption that the Participant has compensation for Social Security
      purposes after 1951, or age 22 if later, and prior to his or her last date
      of hire or rehire by Employer which increased 6 percent (6%) each year to
      his or her Compensation on such date of hire or rehire by Employer.

1.29  "VESTED" means that portion of a Participant's Benefit to which the
      Participant has a nonforfeitable right as defined in Section 3.6.

1.30  "YEAR OF SERVICE" means a year of Creditable Service.

                                   ARTICLE II
                            PARTICIPATION IN THE PLAN

2.1   Commencement of Participation. Each Eligible Employee who is an Eligible
      Employee on an Entry Date shall become a Participant in the Plan as of the
      first day of such Plan Year.

2.2   Procedure For and Effect of Admission. Each individual who becomes
      eligible for admission to participate in this Plan shall complete such
      forms and provide such data as are reasonably required by the Employer as
      a condition of such admission and will, on the request of Employer, submit
      to a physical examination by a physician and make such applications for
      life insurance in order that the Employer may, if Employer determines to
      do so, obtain a policy of life insurance for the benefit of Employer on
      the life of such individual in such amounts as Employer shall, in its sole
      discretion, determine to be necessary or desirable. By becoming a
      Participant, each individual shall for all purposes under this Plan be
      deemed conclusively to have assented to the provisions of this Plan and
      all amendments hereto and to the termination of the pre-existing Tiffany
      and Company Supplemental Retirement Income Plan which pre-existing plan
      became effective the 20th day of October, 1989.

2.3   Cessation of Participation. Subject to Section 2.4 below, Participant
      shall cease to be a Participant the earlier of: (i) the date on which the
      Plan terminates, or (ii) the date on which he terminates Employment with
      an Employer. A former Participant will be deemed a Participant, for all
      purposes of this Plan, as long as such former Participant retains a Vested
      interest pursuant to the terms of Article III.

2.4   Disability. In the event a Participant incurs a Disability while Employed
      (whether or not such Disability arises out of such Employment), and for so
      long as such Disability continues, such Participant shall continue to be a
      Participant hereunder until the earlier of (i) Participant's death, (ii)
      Participant's Permitted Retirement or (iii) the cessation of such

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      Disability, and Participant's Compensation in the last 12 months of his
      active Employment shall be deemed to be his Compensation for the purposes
      of this Plan during the period of such Disability.

                                   ARTICLE III
                                  PLAN BENEFITS

3.1   Overriding Limitation. Except as provided in this Section 3.1, under no
      circumstances will a Participant or a former Participant be entitled to a
      Benefit under this Plan unless and until Participant becomes entitled to
      payment of a Pension Benefit. In the event the Pension Plan and/or the
      Excess Plan shall have been terminated as of the time a Pension Benefit
      would have become payable under the Pension Plan to Participant, the
      Benefit under this Plan shall be calculated by application, by means of
      the formula set forth in Section 3.2 below, of the Pension Benefit which
      would have been payable to Participant under the Pension Plan and the
      Excess Plan as in effect on January 1, 2004, and if Participant would not
      have been entitled to a Pension Benefit under the Pension Plan as in
      effect on January 1, 2004 as of the date a Benefit would otherwise become
      payable hereunder, no Benefit shall be payable under this Plan.

3.2   Retirement Benefit. Commencing the first day of a month within sixty (60)
      days of Retirement, Employer will pay a Participant an annual Benefit
      calculated on the basis of such Participant's Years of Service and Average
      Final Compensation using the following table and then by subtracting
      Participant's Pension Benefit and Social Security Benefit:

<TABLE>
<CAPTION>
                                                BENEFIT AS A
                                                PERCENTAGE OF
                                                PARTICIPANT'S AVERAGE
                          YEARS OF SERVICE      FINAL COMPENSATION
                          <S>                   <C>
                          25 or more            60%
                          20-24                 50%
                          15-19                 35%
                          10-14                 20%
                          less than 10          nil%
</TABLE>

3.3   Early Retirement Benefit. In lieu of the Benefit provided under Section
      3.2 above, commencing the first day of a month within sixty (60) days of
      Early Retirement, Employer will pay a Participant a Benefit. The annual
      amount of such Benefit shall be the annual Benefit stated in Section 3.2
      reduced by 1/12 of 5 percent for each month that Participant's Early
      Retirement date precedes the date that such Participant would reach
      Retirement Age.

3.4   Optional Benefits in Lieu of Regular Benefits. A Participant under this
      Plan shall be

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      deemed to have elected that the Benefit payable under this Plan be payable
      in the same form of benefit that the Participant has elected or is deemed
      to have elected under the Pension Plan, to wit, either as a annuity for
      the life of the Participant or the Actuarial Equivalent thereof paying a
      proportionately reduced Benefit during his life, with the provision that
      after his death an allowance of 50%, 66-2/3%,75% or 100% of the rate of
      his reduced allowance, at his designation, shall continue during the life
      of, and shall be paid to, the beneficiary designated by him at the time of
      electing the option. Any election, notice or designation made or given by
      the Participant under the Pension Plan shall be deemed an election, notice
      or designation made or given by the Participant under this Plan and any
      change or revocation of an election, notice or designation made under the
      Pension Plan (whether automatic or voluntary) shall be deemed to be a
      change or revocation under this Plan. All time limitations for making
      elections or designations or giving notice under the Pension Plan with
      respect to any form of benefit shall be applicable under this Plan. Any
      designation of a beneficiary made under this Plan shall be subject to the
      same limitations and spousal consent and spousal waiver requirements as
      would apply to a comparable designation under the Pension Plan, provided,
      however that the Committee may, in its discretion, require that any
      spousal consent or waiver address this Plan specifically.

3.5   Termination of Employment. No Benefit shall be or become payable to a
      Participant if the Participant ceases to be a Participant prior to
      obtaining a Vested interest with respect to his Benefit.

3.6   Vesting and Forfeiture of Vested Benefits. Subject to Section 3.1 above, a
      Participant shall have a Vested interest with respect to his Benefit upon
      Permitted Retirement or upon a Change in Control pursuant to Article VI,
      provided that if a Participant's benefit under the Excess Plan is
      forfeited as provided for in Section 3.12 of the Excess Plan then any
      Benefit that would otherwise be payable to a Participant or to the
      beneficiary of any Participant under this Plan shall be likewise
      forfeited; any decision regarding such forfeiture made under or pursuant
      to the provisions of the Excess Plan shall be binding for all purposes of
      this Plan.

3.7   Adjustment, Amendment, or Termination of Benefit. Notwithstanding any
      other provision to the contrary, the Employer may not adjust, amend, or
      terminate its obligations to a Participant under this Article III
      subsequent to that date on which Participant obtains a Vested interest
      pursuant to Section 3.6 above except as expressly provided in Section 3.6
      above.

3.8   Tax Withholding. To the extent required by the law in effect at the time
      benefits are distributed pursuant to this Article III, the Employer or its
      agents shall withhold any taxes required by the federal or any state or
      local government from payments made hereunder.

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                                   ARTICLE IV
                                  UNFUNDED PLAN

4.1   Unfunded Benefits. Benefits are payable as they become due irrespective of
      any actual investments the Employer may make to meet its obligations.
      Neither the Employer, nor any trustee (in the event the Employer elects to
      use a grantor trust to accumulate funds) shall be obligated to purchase or
      maintain any asset including any life insurance policy. To the extent a
      Participant or any person acquires a right to receive payments from the
      Employer under this Plan, such right shall be no greater than the right of
      any unsecured creditor of the Employer.

                                    ARTICLE V
                            AMENDMENT AND TERMINATION

5.1   Plan Amendment. Subject to Sections 3.6 and 3.7, this Plan may be amended
      in whole or in part by the Employer at any time.

5.2   Plan Termination. Subject to Sections 3.6 and 3.7, the Employer reserves
      the right to terminate this Plan at any time but only in the event that
      the Employer, in its sole discretion, shall determine that the economics
      of the Plan have been adversely and materially affected by a change in the
      tax laws, other government action or other event beyond the control of the
      Participant and the Employer or that the termination of the Plan is
      otherwise in the best interest of Employer.

                                   ARTICLE VI
                                CHANGE IN CONTROL

6.1   Benefits in the Event of a Change in Control. In the event a Change in
      Control, as defined in Section 6.2, occurs, each Participant shall become
      Vested in his Benefit. For purposes of computing the Benefit under Section
      3.2, Years of Service shall be actual Years of Service, except that, in
      the case of a Participant having less than ten (10) Years of Service at
      the time of such Change of Control, such Benefit will be calculated using
      the greater of ten (10) Years of Service or actual Years of Service. A
      Change of Control shall not accelerate the date on which any person is
      entitled to receive a Benefit under this Plan, alter the overriding
      limitation set forth in Section 3.1 above or relieve Participant from the
      forfeiture provisions of Section 3.6 above.

6.2   Definition of Change in Control. A "Change in Control" shall be deemed to
      have occurred if: (A) any person or group of persons acting in concert
      acquires thirty-five percent (35%) in voting power or amount of the equity
      securities of Tiffany & Co., a Delaware corporation ("Tiffany-Delaware"),
      (including the acquisition of any right, option, warrant or other right to
      obtain such voting power or amount, whether or not presently exercisable);
      (B) individuals who constitute the Board of Directors of Tiffany-Delaware
      on February 1, 1994 (the "Incumbent Board") cease for any reason to
      constitute

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      at least a majority of such Board of Directors, provided that any
      individual becoming a director subsequent to the date February 1, 1994
      whose election, or nomination for election by the Company's stockholders,
      was approved by a vote of at least three-quarters of the directors
      comprising the Incumbent Board (either by a specific vote or by approval
      of the proxy statement of Tiffany-Delaware in which such individual is
      named as a nominee for director) shall be, for the purposes of this
      subsection (B), considered as though such individual were a member of the
      Incumbent Board; or (C) any other circumstance with respect to a change in
      control of Tiffany-Delaware occurs which the Compensation Committee of the
      Board of Directors of Tiffany-Delaware deems to be a Change in Control of
      Tiffany-Delaware. As used herein, the word "person" shall mean an
      individual or an entity.

                                   ARTICLE VII
                                 ADMINISTRATION

7.1   Appointment of Administrator. The Employer is the named fiduciary of the
      plan for which this document is the written instrument. The Employer shall
      appoint, on behalf of all Participants, an Administrator. The
      Administrator may be removed by the Employer at any time and he may resign
      at any time by submitting his resignation in writing to the Employer. A
      new Administrator shall be appointed as soon as possible in the event that
      the Administrator is removed or resigns from his position. Any person so
      appointed shall signify his acceptance by filing a written acceptance with
      the Employer.

7.2   Administrator's Responsibilities. The Administrator is responsible for the
      day to day administration of the Plan. He may appoint other persons or
      entities to perform any of his functions. Such appointment shall be made
      and accepted by the appointee in writing and shall be effective upon the
      written approval of the Employer. The Administrator and any such appointee
      may employ advisors and other persons necessary or convenient to help him
      carry out his duties including his fiduciary duties. The Administrator
      shall have the right to remove any such appointee from his position.

7.3   Records and Accounts. The Administrator shall maintain or shall cause to
      be maintained accurate and detailed records of Participants and of their
      rights under the Plan. Such accounts, books and records relating thereto
      shall be open at all reasonable times to inspection and audit by the
      Employer and by persons designated thereby.

7.4   Administrator's Specific Powers and Duties. In addition to any powers,
      rights and duties set forth elsewhere in the Plan, the Administrator shall
      have the following powers and duties:

      A.    To adopt such rules and regulations consistent with the provisions
            of the Plan;

      B.    To enforce the Plan in accordance with its terms and any rules and
            regulations he establishes;

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<PAGE>

      C.    To maintain records concerning the Plan sufficient to prepare
            reports, returns and other information required by the Plan or by
            law;

      D.    To construe and interpret the Plan and to resolve all questions
            arising under the Plan;

      E.    To direct the Employer to pay benefits under the Plan, and to give
            such other directions and instructions as may be necessary for the
            proper administration of the Plan;

      F.    To be responsible for the preparation, filing and disclosure on
            behalf of the Plan of such documents and reports as are required by
            any applicable federal or state law.

7.5   Employer's Responsibility to Administrator. The Employer shall furnish the
      Administrator such data and information as he may require. The records of
      the Employer shall be determinative of each Participant's period of
      employment, termination of employment and the reason therefore, leave of
      absence, reemployment, years of service, personal data, and compensation
      levels. Participants and their Beneficiaries shall furnish to the
      Administrator such evidence, data, or information, and execute such
      documents as the Administrator requests.

7.6   Liability. Neither the Administrator nor the Employer shall be liable to
      any person for any action taken or omitted in connection with the
      administration of this Plan unless attributable to his own fraud or
      willful misconduct; nor shall the Employer be liable to any person for
      such action unless attributable to fraud or willful misconduct on the part
      of the director, officer or employee of the Employer.

7.7   Procedure to Claim Benefits.

      Initial Claim. Each Claimant must claim any benefit to which he is
      entitled under this Plan by a written notification to the Administrator.
      If a claim is wholly or partially denied, it must be so denied within a
      reasonable period of time, but not later than 90 days after this Plan's
      receipt of the claim. This initial 90-day period shall begin at the time
      the claim is filed, without regard to whether all the information
      necessary to make a benefit determination accompanies the filing. If the
      Administrator determines that special circumstances require an extension
      of time for processing the claim, he shall furnish written notice of the
      extension of the Claimant prior to the termination of the initial 90-day
      period. The extension notice shall indicate the special circumstances
      requiring an extension of time and the date by which this Plan expects to
      render the benefit determination. In no event shall the extension exceed a
      period of 90 days from the end of the initial 90-day period.

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<PAGE>

      The whole or partial denial of a claim must be contained in a written
      notice stating the following:

      A.    The specific reason for the denial,

      B.    Specific reference to the Plan Provision on which the denial is
            based,

      C.    Description of additional information necessary for the Claimant to
            present his claim, if any, and an explanation of why such material
            is necessary, and

      D.    A description of this Plan's review procedures and the time limits
            applicable to such procedures, including a statement of the
            Claimant's right to bring a civil action under Section 502(a) of the
            Employee Retirement Income Security Act of 1974.

      Request for Review. The Claimant will have sixty (60) days to request a
      review of the denial by the Administrator, who will provide a full and
      fair review. The request for review must be written and submitted to the
      same person who handles initial claims. The Claimant may review pertinent
      documents, and may submit issues and comments in writing. Claimant shall
      be provided, upon request and free of charge, reasonable access to, and
      copies of, all documents, records, and other information relevant to his
      benefits. The decision by the Administrator with respect to the review
      must be given within sixty (60) days after receipt of the request, unless
      special circumstances require an extension (such as for a hearing). This
      initial 60-day period shall begin at the time an appeal is filed, without
      regard to whether all the information necessary to make a benefit
      determination on review accompanies the filing. If the Administrator
      determines that special circumstances require an extension of time for
      processing the review, he shall furnish written notice of the extension to
      the Claimant prior to the termination of the initial 60-day period. The
      extension notice shall indicate the special circumstances requiring an
      extension of time and the date by which this Plan expects to render the
      determination on review. In no event shall the extension exceed a period
      of 60 days from the end of the initial 60-day period. The Administrator's
      review shall take into account all comments, documents, records, and other
      information submitted by the Claimant relating to the claim, without
      regard to whether such information was submitted or considered in the
      initial benefit determination.

      The whole or partial denial of a claim on review must be contained in a
      written notice stating the following:

      A.    The specific reasons for the adverse determination,

      B.    Reference to the specific Plan Provisions on which the adverse
            determination is based,

      C.    A statement that the Claimant is entitled to receive, upon request
            and free of

                                       11
<PAGE>

            charge, reasonable access to, and copies of, all documents, records,
            and other information relevant to the Claimant's claim for benefits,
            and

      D.    A statement of the Claimant's right to bring an action under section
            502(a) of the Employee Retirement Income Security Act of 1974.

      All notices and decisions written under this Section 7.7 shall be written
      in a manner calculated to be understood by the Claimant. The Administrator
      shall take all necessary steps to ensure and verify that benefit claim
      determinations made under this Section 7.7 are made in accordance with
      this Plan and that the Plan Provisions are applied consistently with
      respect to similarly situated Claimants. Nothing in this Section 7.7 shall
      be construed to preclude an authorized representative of a Claimant from
      acting on behalf of such Claimant in pursuing a benefit claim or appeal of
      a whole or partial denial, provided that the Claimant provides written
      authorization to the Administrator identifying such representative, signed
      by the Claimant under the seal of notary, prior to the authorized
      representative acting on his behalf.

                                  ARTICLE VIII
                                  MISCELLANEOUS

8.1   Supplemental Benefits. The benefits provided for the Participants under
      this Plan are in addition to benefits provided by any other plan or
      program of the Employer and, except as otherwise expressly provided for
      herein, the benefits of this Plan shall supplement and shall not supersede
      any plan or agreement between the Employer and any Participant.

8.2   Governing Law. The Plan shall be governed and construed under the laws of
      the State of New York as in effect at the time of its adoption.

8.3   Jurisdiction. The courts of the State of New York shall have exclusive
      jurisdiction in any or all actions arising under this Plan.

8.4   Binding Terms. The terms of this Plan shall be binding upon and inure to
      the benefit of the parties hereto, their respective heirs, executors,
      administrators and successors.

8.5   Spendthrift Provision. The interest of any Participant or any beneficiary
      receiving payments hereunder shall not be subject to anticipation, nor to
      voluntary or involuntary alienation until distribution is actually made.

8.6   No Assignment Permitted. No Participant, Beneficiary or heir shall have
      any right to commute, sell, transfer, assign or otherwise convey the right
      to receive any payment under the terms of this Plan. Any such attempted
      assignment shall be considered null and void.

8.7   Severability. In the event any provision of this Plan shall be held
      illegal or invalid for any reason, such illegality or invalidity shall not
      affect the remaining provisions

                                       12
<PAGE>

      of the Plan, and the Plan shall be construed and enforced as if such
      illegal or invalid provision had never been contained therein.

8.8   Construction. All headings preceding the text of the several Articles
      hereof are inserted solely for reference and shall not constitute a part
      of this Plan, nor affect its meaning, construction or effect. Where the
      context admits, words in the masculine gender shall include the feminine
      and neuter genders, and the singular shall mean the plural.

8.9   No Employment Agreement. Nothing in this Plan shall confer on any
      Participant the right to continued employment with any Employer and,
      except as expressly set forth in a written agreement entered into with the
      express authorization of the Board of Directors of Employer, both the
      Participant and the Employer shall be free to terminate Participant's
      employment for any cause or without cause.

                                    TIFFANY AND COMPANY

ATTEST:

________________________________    By: ___________________________________
Patrick B. Dorsey, Secretary        Michael J. Kowalski, Chairman

ATTEST:

________________________________    By: ___________________________________
Patrick B. Dorsey, Secretary        James N. Fernandez, Executive Vice President

                                       13
<PAGE>

SCHEDULE A TO SUPPLEMENTAL RETIREMENT INCOME PLAN

      Thomas A. Andruskevich
      James N. Fernandez
      Michael J. Kowalski
      Dale S. Strohl

                                       14

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