Executive Severance Agreement - Interpublic Group of Companies Inc. and John J. Dooner
SUPPLEMENTAL AGREEMENT made as of January 1, 2003, by and between THE INTERPUBLIC GROUP OF COMPANIES, INC., a corporation of the State of Delaware (hereinafter referred to as the "Corporation"), and John J. Dooner (hereinafter referred to as "Executive").
W I T N E S S E T H
WHEREAS, the Corporation and Executive are parties to an Executive Severance Agreement made as of January 1, 1998 (hereinafter referred to as the "Agreement"); and
WHEREAS, the Corporation and Executive desire to amend the Executive Severance 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 6.01 of the Agreement is hereby amended effective January 1, 2003, so as to delete "five" and to substitute therefor "ten".
2. Except as hereinabove amended, the 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/ Brian J. Brooks
Brian J. Brooks
/s/ John J. Dooner
John J. Dooner
Signed as June 17, 2003