SUPPLEMENTAL AGREEMENT
SUPPLEMENTAL AGREEMENT made as of August l, 1996, by
and between THE INTERPUBLIC GROUP OF COMPANIES, INC., a
corporation of the State of Delaware (hereinafter referred to as
the "Corporation"), and XXXXX X. XXXXXX (hereinafter referred to
as "Executive"):
W I T N E S S E T H
WHEREAS, the Corporation and Executive are parties to an
Employment Agreement made as of January 1, 1991, a Supplemental
Agreement dated as of August 15, 1992, a Supplemental Agreement
dated as of January 1, 1995 and a Supplemental Agreement dated
January 1, 1996 (hereinafter collectively referred to as the
"Employment Agreement"; and
WHEREAS, the Corporation and Executive desire to amend the
Employment Agreement;
NOW, THEREFORE, in consideration of the mutual promises
herein and in the Employment Agreement set forth, the parties
hereto, intending to be legally bound, agree as follows:
1. Section 3.01 of the Employment Agreement is
amended effective January 1, 1996, so as to delete
"$225,000" and substitute "$280,000."
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2. Except as hereinabove amended, the Employment
Agreement shall continue in full force and effect.
3. This Supplemental Agreement shall be governed by the
laws of the State of New York.
THE INTERPUBLIC GROUP OF COMPANIES, INC.
By: C. XXXX XXXXXXX
XXXXX X. XXXXXX