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

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