EXHIBIT 10
SUPPLEMENTAL AGREEMENT
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SUPPLEMENTAL AGREEMENT made as of July 28, 1999 by and between
THE INTERPUBLIC GROUP OF COMPANIES, INC., a corporation of the State of Delaware
(hereinafter referred to as "Interpublic"), and XXXXXX XXXXX (hereinafter
referred to as "Executive").
W I T N E S S E T H:
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WHEREAS, Interpublic and Executive are parties to an Executive
Special Benefit Agreement made as of April 1, 1996 (hereinafter referred to as
the "Agreement"); and
WHEREAS, Interpublic and Executive desire to amend the
Agreement;
NOW, THEREFORE, in consideration of the mutual promises herein
and in the Agreement set forth, the parties hereto, intending to be legally
bound, agree as follows:
1. Section 1.04 of the Agreement is hereby amended, effective
as of July 28, 1999, so as to delete "on or after Executive's sixty-fifth
birthday" and substitute, "on or after Executive's sixty-third birthday".
2. Section 1.05 of the Agreement is hereby amended, effective
as of July 28, 1999 so as to delete "Executive's sixty-third birthday but prior
to Executive's sixty-fifth birthday", and substitute "Executive's sixty-first
birthday but prior to Executive's sixty-third birthday" and delete
Last Day of Employment Annual Rate
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On or after 63rd birthday but prior to 64th birthday $230,000
On or after 64th birthday but prior to 65th birthday $265,000
and substitute
Last Day of Employment Annual Rate
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On or after 61st birthday but prior to 62nd birthday $230,000
On or after 62nd birthday but prior to 63rd birthday $265,000
3. Section 2.01 of the Agreement is hereby amended, effective
as of July 28, 1999 so as to delete "Executive's sixty-third birthday" and
substitute "Executive's sixty-first birthday".
4. This Supplemental Agreement shall be governed by the
laws of the State of New York. Except as hereinabove
amended, the Agreement shall continue in full force
and effect.
THE INTERPUBLIC GROUP COMPANIES, INC.
By: /S/ C. XXXX XXXXXXX
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C. XXXX XXXXXXX
/S/ XXXXXX XXXXX
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XXXXXX XXXXX