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Sample Business Contracts

Executive Special Benefit Agreement - Interpublic Group of Companies Inc. and Bruce Nelson

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                             SUPPLEMENTAL AGREEMENT
                             ----------------------


          SUPPLEMENTAL AGREEMENT made as of September 1, 2000 by and between THE
INTERPUBLIC  GROUP OF COMPANIES,  INC., a  corporation  of the State of Delaware
(hereinafter  referred  to as  "Interpublic"),  and  BRUCE  NELSON  (hereinafter
referred to as "Executive").

                              W I T N E S S E T H:
                              - - - - - - - - - -

          WHEREAS, Interpublic and Executive are parties to an Executive Special
Benefit  Agreement  made as of January 1, 1986  (hereinafter  referred to as the
"Agreement"); and

          WHEREAS, Interpublic and Executive desire to amend the Agreement;

          NOW, THEREFORE,  in consideration of the mutual promises herein and in
the  Agreement set forth,  the parties  hereto,  intending to be legally  bound,
agree as follows:

          1. Section 1.03 of the  Agreement is hereby  amended,  effective as of
September 1, 2000, so as to delete  "survivor income payments of One Hundred and
Fifty  Thousand  Dollars  ($150,000)  per  annum  for  fifteen  years  following
Executive's death, such payments to be made on January 15 of each of the fifteen
years  beginning with the year following the year in which  Executive  dies" and
substitute, "survivor income payments of Two Hundred and Eighty Thousand Dollars
($280,000)  per annum for fifteen years in monthly  installments  beginning with
the 15th of the calendar month following  Executive's death and in equal monthly
installments".

          2. Section 1.04 of the  Agreement is hereby  amended,  effective as of
September 1, 2000 so as to delete "per annum for fifteen  years  beginning  with
the calendar month following  Executive's last day of employment,  such payments
to be made in equal monthly installments" and substitute, "per annum for fifteen
years in monthly  installments  beginning  with the 15th of the  calendar  month
following Executive's last day of employment and in equal monthly installments".

          3. Section 1.05 of the  Agreement is hereby  amended,  effective as of
September  1,  2000 so as to  delete  "Executive's  forty-ninth  birthday",  and
substitute  "Executive's  fiftieth  birthday but prior to  Executive's  sixtieth
birthday" and add  "Executive  shall receive  certain  supplementary  retirement
benefits at the following  rates.  Increased  benefit amounts apply if Executive
remains  employed at least until age 55".

Last Day of Employment                                        Annual Rate
----------------------                                        --------
On or after 49th birthday but prior to 50th birthday          $150,000
On or after 50th birthday but prior to 51st birthday          $156,000
On or after 51st birthday but prior to 52nd birthday          $162,000
On or after 52nd birthday but prior to 53rd birthday          $168,000
On or after 53rd birthday but prior to 54th birthday          $174,000
On or after 54th birthday but prior to 55th birthday          $180,000
On or after 55th birthday but prior to 56th birthday          $219,280
On or after 56th birthday but prior to 57th birthday          $232,960
On or after 57th birthday but prior to 58th birthday          $246,640
On or after 58th birthday but prior to 59th birthday          $260,320
On or after 59th birthday but prior to 60th birthday          $270,160
<PAGE>

          4. Section 2.01 of the  Agreement is hereby  amended,  effective as of
September 1, 2000 so as to delete "If Executive shall, for any reason other than
death,  cease to be employed by the  Corporation  on a date prior to November 3,
1995, the  Corporation  shall,  in lieu of any payment  pursuant to Article I of
this Agreement,  compensate Executive by payment, at the times and in the manner
specified  in Section  2.02,  of a sum  computed  at the rate of Fifty  Thousand
Dollars  ($50,000)"  and  substitute  "If  Executive  leaves  the  employ of the
Corporation  for any  reason  other  than  death,  he will be paid,  the  vested
benefit".

          5. This  Supplemental  Agreement  shall be governed by the laws of the
State of New York.

             Except as hereinabove amended, the Agreement shall continue in full
force and effect.


                              THE INTERPUBLIC GROUP OF
                              COMPANIES, INC.



                              By: /s/ C. KENT KROEBER
                                ----------------------------------------
                                  C. KENT KROEBER




                                 /s/  BRUCE NELSON
                                ----------------------------------------
                                    BRUCE NELSON