Sample Business Contracts

Employment Agreement - Interpublic Group of Companies Inc. and John J. Dooner Jr.

Employment Forms

• Employers can customize an employment agreement that states the salary, benefits, working hours and other important provisions for their new or existing employee.
• Answer simple questions to build a contract with a consultant. Specify the services rendered, when payment is due, as well as IP rights.
• 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.
• 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.
• 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

SUPPLEMENTAL AGREEMENT

                    SUPPLEMENTAL AGREEMENT made as of November 12, 2003 between THE INTERPUBLIC GROUP OF COMPANIES, INC., a Delaware corporation ("Interpublic") and JOHN J. DOONER, JR. ("Executive").

W I T N E S S E T H:

                    WHEREAS, Interpublic and Executive are parties to an Employment Agreement made as of January 1, 1994 as amended by Supplemental Agreements made as of July 1, 1995, September 1, 1997, January 1, 1999, April 1, 2000, November 7, 2002 and March 31, 2003 (hereinafter referred to as the "Agreement"); and

                    WHEREAS, Interpublic and Executive desire to amend the 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:

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

                    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.