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Sample Business Contracts

Employment Agreement - Interpublic Group of Companies Inc. and Thomas Dowling

Employment Forms

  • Employment Agreement. 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.
  • More Employment Agreements

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SUPPLEMENTAL AGREEMENT


                        SUPPLEMENTAL AGREEMENT made as of October 1, 2002 between THE INTERPUBLIC GROUP OF COMPANIES, INC., a Delaware corporation ("Interpublic") and THOMAS DOWLING ("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 1999 (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.           Paragraph 2.01(iii) of the Agreement is hereby amended, by adding "and Chief Risk Officer" following "Vice President, General Auditor".

  
 

              2.           Paragraph 3.01 of the Agreement is hereby amended by deleting "Two Hundred Twenty-Five Thousand Dollars ($225,000) per annum" and substituting "Three Hundred Fifty Thousand Dollars ($350,000) per annum" and adding" an additional Twenty-Five Thousand Dollars ($25,000) in the form of an Executive Special Benefits Agreement ("ESBA").

  
 

              3.           A new Section 5.04 is hereby added to the Agreement to read in its entirety as follows:

  
 

              "As soon as administratively feasible after full execution of this Supplemental Agreement, Interpublic will use its best efforts to have the Compensation Committee of its Board of Directors ("Committee") grant to Executive twenty thousand (20,000) shares of Interpublic Common Stock which will be subject to a five-year vesting restriction.

  
 

              4.           Section 7.01 of the Agreement is hereby amended by deleting all references to six (6) months therefrom and substituting twenty-four (24) months in all cases therefor.


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

                        This Supplemental Agreement shall be governed by the laws of the State of New York, applicable to contracts made and fully to be performed therein.

 

THE INTERPUBLIC GROUP OF COMPANIES, INC.

  
  
 

By:       /s/ C. Kent Kroeber                                   

 

      Name:  C. Kent Kroeber

 

      Title:  Senior Vice President

 

                 Human Resources

  
  
 

            /s/ Thomas Dowling                                  

 

              Thomas Dowling