SUPPLEMENTAL AGREEMENT
SUPPLEMENTAL AGREEMENT made as of July l, 1995 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 January l, 1994 (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:
l. Section 3.0l Of the Employment Agreement is hereby
amended, effective as of July l, 1995, so as to delete "$580,000"
PAGE
and to substitute "$750,000" therefor. The parties agree,
however, that $20,000 of the aforementioned salary increase will
be regarded as temporary and will be deleted as of June 30, 1998.
On July 1, 1998, $20,000 will be added to Executive's salary
pursuant to, and subject to, the terms of section 7.02 of an
Executive Special Benefit Agreement entered into between
Executive and the Corporation dated July 1, 1992.
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
C. XXXX XXXXXXX
XXXX X. XXXXXX
XXXX X. XXXXXX
