Sample Business Contracts


Employment Agreement - Interpublic Group of Companies Inc. and Frank B. Lowe

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 March 1, 1998, by and
between THE INTERPUBLIC GROUP OF COMPANIES, INC., a corporation
of the State of Delaware (hereinafter referred to as the
"Corporation") and FRANK B. LOWE (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 January 1, 1996 (hereinafter
referred to as the "Agreement"); and

          WHEREAS, the Corporation 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:

          Section 3.01 of the Agreement is hereby amended,
          effective March 1, 1998, so as to delete "$750,000" and
          to substitute therefor "$850,000."

          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.
                                        THE INTERPUBLIC GROUP OF
                                        COMPANIES, INC.


                                        By:  C. KENT KROEBER

                                             C. KENT KROEBER


                                             FRANK B. LOWE

                                             FRANK B. LOWE

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