Amendment to Michael J. Short Employment Agreement Regarding Incentive Plan Participation
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Summary
This amendment, dated July 27, 2016, modifies Michael J. Short's employment agreement with Toys “R” Us, Inc. to allow him to participate in the company's 2010 Incentive Plan starting September 12, 2016. As part of this amendment, Mr. Short will receive a one-time grant of 250,000 stock options, subject to the terms of the attached grant agreement. He must accept the grant through the Certent system, with access expected by September 30, 2016.
EX-10.3 3 tru07302016-ex103.htm AMENDMENT TO MICHAEL J. SHORT EMPLOYMENT AGREEMENT Exhibit
EXHIBIT 10.3
July 27, 2016
BY HAND DELIVERY
Michael J. Short
Dear Michael:
The Company hereby amends paragraph 6(c) of your employment agreement, dated June 19, 2014, to allow you to participate in the Toys “R” Us, Inc. 2010 Incentive Plan effective September 12, 2016.
The Company is pleased to inform you that you will receive a one-time grant of 250,000 options pursuant to the terms and conditions in the attached grant agreement. You will be required to log into the Certent system and accept your grant, which should be visible to you on or around September 30, 2016.
Sincerely,
Timothy Grace
EVP, Global Chief Talent Officer
EXECUTIVE Acknowledgement: | |||
August 3, 2016 | /s/ Michael J. Short | ||
Date | Michael J. Short | ||
