Sample Business Contracts

Employment Agreement - Interpublic Group of Companies Inc. and Brian Brooks

Employment Forms

Employment Contract. Employers can customize an employment agreement that states the salary, benefits, working hours and other important provisions for their new or existing employee.
Consulting Agreement. Answer simple questions to build a contract with a consultant. Specify the services rendered, when payment is due, as well as IP rights.
Commission Agreement. Employers who compensate their sales employees based on commissions can prepare an agreement to reduce misunderstandings by specifying the base salary and how commissions are calculated.
Executive Employment Agreement. Companies may offer their business executives a contract that is different from the one provided to their regular employees. Executive employment agreements may be more complex because the compensation structure may include a combination of salary and commissions, provide for bonuses based on sales, stock or other financial targets, and include non-compete, confidentiality and severance provisions.
Sales Representative Contract. Independent sales representatives offer companies the potential to increase the sale of products or services without the burden of increasing headcount. Both parties should understand how commissions are calculated, when commissions will be paid, as well as how the representative will treat confidential information from the company and whether the representative may also sell a competing line of products or services.
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SUPPLEMENTAL AGREEMENT

SUPPLEMENTAL AGREEMENT made as of May 20, 2003, by and between THE INTERPUBLIC GROUP OF COMPANIES, INC., a corporation of the State of Delaware (hereinafter referred to as "Interpublic"), and BRIAN BROOKS (hereinafter referred to as "Executive").

W I T N E S S E T H;

                             WHEREAS, Interpublic and Executive are parties to an Employment Agreement made as of November 18, 2002 as amended by a Supplemental Agreement made as of April 7, 2003 (hereinafter referred collectively as the "Employment Agreement"); and

                             WHEREAS, Interpublic and Executive desire to amend the 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.           Section 3.01 of the Employment Agreement is hereby amended, by deleting: "Interpublic will compensate Executive for the duties performed by him hereunder, by payment of a base salary, at the rate of Four Hundred and Twenty Thousand Dollars ($420,000) per annum" therefrom and substituting: "Effective as of June 1, 2003, Interpublic will compensate Executive for the duties performed by him hereunder, by payment, of a base salary at the rate of Four Hundred Ninety Five Thousand Dollars ($495,000) per annum".

                             2.            Except as herein above 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: /s/ Nicholas J. Camera
	Name: Nicholas J. Camera
	Title: Senior Vice President
	General Counsel and Secretary


	/s/ Brian Brooks
	Brian Brooks



Signed as of May 20, 2003