EXHIBIT 10(b)
SUPPLEMENTAL AGREEMENT
SUPPLEMENTAL AGREEMENT made as of March 12, 1997, by
and between THE INTERPUBLIC GROUP OF COMPANIES, INC., a
corporation of the State of Delaware (hereinafter referred to as
the "Corporation"), and XXXXXX X. XXXXX (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 July 1, 1995,(hereinafter
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. Paragraph 1.01 of the Employment Agreement is amended
effective this date, by deleting "and ending on
December 31, 1997" therefrom and substituting "and
ending on December 31, 1998" therefor.
2. Paragraph 5.04 of the Employment Agreement is hereby
amended, effective this date, by deleting "December 31,
1997" therefrom and substituting "December 31, 1998"
therefor.
3. Except as hereinabove amended, the Employment Agreement
shall continue in full force and effect.
4. 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
XXXXXX X. XXXXX