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.
PAGE
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
