SUPPLEMENTAL AGREEMENT
SUPPLEMENTAL AGREEMENT made as of May 10, 1995 by and
among THE INTERPUBLIC GROUP OF COMPANIES, INC., a corporation of
the State of Delaware (hereinafter referred to as "Interpublic"),
XXXXXXXX & PURIS INC., a corporation of the state of New York
("A&P") and XXXXXX XXXXX (hereinafter referred to as
("Executive").
W I T N E S S E T H
WHEREAS, Interpublic, A&P and Executive are parties to
an Employment Agreement made as of August 11, 1994 (hereinafter
referred to as the "Employment Agreement"); and
WHEREAS, the parties 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:
PAGE
1. Section 2.01(iii) of the Employment Agreement is
amended effective July 1, 1995, to provide that Executive will be
Chairman, Chief Executive Officer and Chief Creative Officer of
Lintas Worldwide.
2. Section 3.01 of the Employment Agreement is hereby
amended, effective as of April 1, 1995, so as to delete
"$600,000" and substitute therefor "$750,000."
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
C. XXXX XXXXXXX
XXXXXXXX & PURIS INC.
By: XXXXXX XXXXX
XXXXXX XXXXX