Sample Business Contracts


Employment Agreement - Interpublic Group of Companies Inc. and Thomas Dowling

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.
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SUPPLEMENTAL AGREEMENT


                        SUPPLEMENTAL AGREEMENT made as of November 14, 2002 between THE INTERPUBLIC GROUP OF COMPANIES, INC., a Delaware corporation ("Interpublic") and THOMAS DOWLING ("Executive").


W I T N E S S E T H:


                        WHEREAS,
Interpublic and Executive are parties to an Employment Agreement made as of November, 1999 (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:

                        1.         Paragraph 7.01(i) and (ii) of the Agreement are hereby amended, effective as of the date hereof, by deleting "six (6) months" wherever it is referred to therein and substituting "twelve (12) months" in all cases therefor.

                        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.

 

THE INTERPUBLIC GROUP OF COMPANIES, INC.

  
  
 

By:       /s/ Sean Orr                                        

 

      Name: Sean Orr

  
  
 

            /s/ Thomas Dowling                            

 

              Thomas Dowling

  
  

Signed as of                                      

 

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