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Sample Business Contracts

Employment Agreement - Interpublic Group of Companies Inc. and Frank B. Lowe

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.
  • More Employment Agreements

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SUPPLEMENTAL AGREEMENT



SUPPLEMENTAL AGREEMENT made as of March 1, 1999
between THE INTERPUBLIC GROUP OF COMPANIES, INC., a Delaware
corporation (the "Corporation") and FRANK B. LOWE
("Executive").

	

W I T N E S S E T H:



WHEREAS, the Corporation and Executive are parties
to an Employment Agreement made as of January 1, 1996 and a
Supplemental Agreement made as of March 1, 1998 (hereinafter
collectively referred to as the "Employment Agreement"); and



WHEREAS, the Corporation and Executive desire to
amend the Employment 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, effective March 1, 1999, so as to delete
"$850,000" and to substitute therefor "$870,000".



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



<PAGE>



3.	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:  C. KENT KROEBER



C. KENT KROEBER




FRANK B. LOWE



FRANK B. LOWE