Executive Severance Agreement - Interpublic Group of Companies Inc. and Sean F. Orr
SUPPLEMENTAL AGREEMENT
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SUPPLEMENTAL AGREEMENT made as of June 1, 2000, by and between
THE INTERPUBLIC GROUP OF COMPANIES, INC., a corporation of the State of Delaware
(hereinafter referred to as the "Corporation"), and Sean F. Orr (hereinafter
referred to as "Executive"):
W I T N E S S E T H
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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 5.9. of the Agreement is hereby amended effective
June 1, 2000, so as to delete "Two (2.0)" and to substitute
therefor "Three (3)".
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/ C. Kent Kroeber
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C. Kent Kroeber
/s/ Sean F. Orr
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Sean F. Orr