Sample Business Contracts

Employment Agreement - Interpublic Group of Companies Inc. and Sean Orr

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 March 31, 2003 by and between The
Interpublic Group of Companies, Inc., a corporation of the State of Delaware
(hereinafter referred to as the "Corporation"), and SEAN ORR (hereinafter
referred to as "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 April 27, 1999 and as amended by Supplemental Agreement
made as of April 1, 2000 and November 7, 2002 (hereinafter referred to as the
"Employment Agreement"); and

          WHEREAS, the Corporation and Executive desire to amend the Employment

          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 5.02 of the Employment Agreement is hereby amended to
read in its entirety as follows: " "Executive has been granted (i) an award for
the 2003-2005 performance period under Interpublic's Long Term Performance
Incentive Plan ("LTPIP") equal to Twelve Thousand (12,000) performance units
tied to the cumulative compound growth of Interpublic and (ii) during 2003,
options under Interpublic's Stock Incentive Plan to purchase One Hundred Six
Thousand Twenty-five (106,025) shares of Interpublic common stock which may not


exercised in any part prior to the end of the performance period and thereafter
shall be exercisable in whole or in part".

          2.   Except as herein above amended, The Employment 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 Brooks
                                                  Brian Brooks

                                        By:    /s/Sean Orr
                                                  Sean Orr

Signed as of:  4/11/03