SUPPLEMENTAL AGREEMENT
SUPPLEMENTAL AGREEMENT made as of November 1, 1988, 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, XX. (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 dated as of August 1, 1984, and Supplemental
Agreements made as of June 1, 1985, December 1, 1985, June 1,
1986, June 1, 1987 and April 1, 1988 (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 4.01(i) of the Employment Agreement is hereby
amended effective as of November 1, 1988, so as to delete "six
months" and substitute "twelve months" therefor.
2. Section 4.01(ii) of the Employment Agreement is hereby
amended effective as of November 1, 1988, so as to delete "six
months" in the second and sixth lines thereof and substitute
"twelve months" therefor.
3. Section 4.02 of the Employment Agreement is hereby
amended effective as of November 1, 1988, so as to delete "six
months" and substitute "twelve months" therefor.
4. Section 5.06 of the Employment Agreement is hereby
amended effective as of November 1, 1988, so as to delete "twelve
months" and substitute "twenty-four months" therefor.
5. Except as hereinabove amended, the Employment Agreement
shall continue in full force and effect.
6. This Supplemental Agreement shall be governed by the law
of the State of New York.
THE INTERPUBLIC GROUP OF COMPANIES, INC.
By C. Xxxx Xxxxxxx
Xxxx X. Xxxxxx, Xx.
