Executive Special Benefit Agreement - Interpublic Group of Companies Inc. and Sean Orr
SUPPLEMENTAL AGREEMENT
SUPPLEMENTAL AGREEMENT made as of November 7, 2002 by and between THE INTERPUBLIC GROUP OF COMPANIES, INC., a corporation of the State of Delaware (hereinafter referred to as "Interpublic"), and SEAN ORR (hereinafter referred to as "Executive").
W I T N E S S E T H:
WHEREAS, Interpublic and Executive are parties to certain Executive Special Benefit Agreement made as of May 1, 1999 and May 1, 2002 (hereinafter referred to collectively as the "Agreements"); and
WHEREAS, Interpublic and Executive desire to amend the Agreements;
NOW, THEREFORE, in consideration of the mutual promises herein and in the Agreements set forth, the parties hereto, intending to be legally bound, agree as follows:
1. In the event that Executive should become totally and permanently disabled the Executive will be entitled to immediately receive the full maximum benefit otherwise payable upon retirement under the Agreements. "Disability" means a condition that renders Executive completely and presumably permanently unable to perform any or every day duty of his regular occupation, in the reasonable determination of Interpublic.
2. This Supplemental Agreement shall be governed by the laws of the State of New York.
3. Except as hereinabove amended, the Agreement shall continue in full
force and effect.
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THE INTERPUBLIC GROUP OF COMPANIES, INC. | |
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By: /s/ C. Kent Kroeber | |
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C. Kent Kroeber | |
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/s/ Sean Orr | |
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Sean Orr | |
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Signed as of |