SUPPLEMENTAL AGREEMENT
SUPPLEMENTAL AGREEMENT made as of July 1, 1990 by and
between THE INTERPUBLIC GROUP OF COMPANIES, INC., a corporation
of the State of Delaware (hereinafter referred to as the
"Corporation"), and XXXX 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 August 1, 1984 and Supplemental
Agreements made as of June 1, 1985, December 1, 1985, June 1,
1986, June 1, 1987, April 1, 1988, November 1, 1988, and July 1,
1989 (hereinafter referred to collectively 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 hereby
amended effective as of July 1, 1990, so as to delete "$260,000"
and to substitute "$330,000" therefor.
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
Xxxx X. Xxxxxx, Xx.
