Interpublic Group of Companies Inc. Contracts
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 January 2, 2001 between THE INTERPUBLIC GROUP OF COMPANIES, INC., a Delaware corporation ("Interpublic") and FRANK B. LOWE ("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, 2001 (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 2.01(v) of the Agreement is hereby deleted in its entirety, effective as of the date hereof, and substituting therefor: "Both parties agree and understand that certain changes are being considered to the organization which may involve modifications to Executive's titles and responsibilities. If any of Executive's current titles and/or responsibilities are changed by the Corporation in any material way without Executive's consent, Executive's exclusive remedy shall be, at his option, to terminate this Agreement upon written notice to the Corporation within thirty (30) days of such change in title and/or responsibilities. In such event, the Executive shall be entitled to receive severance in accordance with the provisions of Section 7.03 from the date of such notice of termination." 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/ C. KENT KROEBER ---------------------------------------- C. KENT KROEBER /s/ FRANK B. LOWE ---------------------------------------- FRANK B. LOWE