SUPPLEMENTAL AGREEMENT
SUPPLEMENTAL AGREEMENT made as of March 1, 1998, 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, XX. (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, 1991, a Supplemental
Agreement made as of October 1, 1991 and a Supplemental Agreement
made as of August 1, 1997 (hereinafter referred to collectively
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. Paragraph 3.01 of the Employment Agreement is
hereby amended, effective June 1, 1997, so as to
delete "$965,000" and to substitute therefor
"$995,000".
PAGE
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
XXXXXX X. XXXXX, XX.
XXXXXX X. XXXXX, XX.