Sample Business Contracts

Executive Special Benefit Agreement - Interpublic Group of Companies Inc. and Barry Linsky

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                             SUPPLEMENTAL AGREEMENT

          AGREEMENT  made as of June 30,  2000 by and  between  THE  INTERPUBLIC
GROUP OF COMPANIES,  INC., a corporation  of the State of Delaware  (hereinafter
referred  to as  "Interpublic")  and BARRY  LINSKY  (hereinafter  referred to as

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

          WHEREAS, Executive and Interpublic are parties to an Executive Special
Benefit Agreement made as of March 1, 1987, and Supplemental  Agreements made as
of May 23, 1990 and March 1, 1993  (hereinafter  referred to collectively as the
"Agreement"); and;

          WHEREAS, the Corporation and Executive desire to amend the Agreement;

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

          1. Section 1.03 of the  Agreement is hereby  amended,  so as to delete
"per annum for fifteen years following  Executive's  death,  such payments to be
made on January 15th of each of the fifteen (15) years  beginning  with the year
following the year in which  Executive  dies" and to  substitute  "per annum for
fifteen  (15)  years  in  monthly  installments  beginning  with the 15th of the
calendar month following  Executive's  death, and in equal monthly  installments
thereafter".  2. A new Section 1.11 to the  Agreement is hereby added to read in
its entirety as follows: "If Executive's employment continues beyond the maximum
target  benefit age provided in this  Agreement,  the maximum target age benefit
will be  increased  4% annually  until  Executive  fully  retires.  In no event,
however, will the 4% annual benefit increase be applied past the year 2003".

          3. Except as herein above  amended,  the Agreement  shall  continue in
full force and effect.

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

                              THE INTERPUBLIC GROUP OF
                              COMPANIES, INC.

                              By /s/ C. KENT KROEBER
                                  C. KENT KROEBER

                                 /s/  BARRY LINSKY
                                   BARRY LINSKY