EMPLOYMENT AGREEMENT AMENDMENTEmployment Agreement • March 28th, 2003 • Interpublic Group of Companies Inc • Services-advertising agencies • New York
Contract Type FiledMarch 28th, 2003 Company Industry JurisdictionTHIS AMENDMENT to the Employment Agreement dated as of January 1, 2000, and previously amended as of March 1, 2001, between TRUE NORTH COMMUNICATIONS INC. a Delaware corporation (the "Company") and DAVID A. BELL (the "Executive") is entered into as of June 1, 2001. WHEREAS, the Company and Executive have entered into the above-referenced Employment Agreement pursuant to which the Executive served the Company as its Chairman and Chief Executive Officer; WHEREAS, the Company has entered into a merger (the "Merger") with The Interpublic Group of Companies, Inc. ("Interpublic") pursuant to that certain Agreement and Plan of Merger among Interpublic, Verities Acquisition Corp. and the Company dated as of March 18, 2001 (the "Merger Agreement") and; WHEREAS, the Company, the Executive and Interpublic desire to amend the Employment Agreement to reflect Executive's new role following the Merger; NOW, THEREFORE, it is agreed that the Employment Agreement is hereby amended as fol