Amendment to Executive Change of Control Agreement, by and between The Interpublic Group of Companies, Inc. and Philippe Krakowsy, dated December 8, 2024
Exhibit 10.1
AMENDMENT TO
EXECUTIVE CHANGE OF CONTROL AGREEMENT
WHEREAS, Philippe Krakowsky (the Executive) and The Interpublic Group of Companies, Inc. (the Company) are parties to that certain Executive Change of Control Agreement, dated as of May 27, 2010, as amended on August 29, 2013, October 26, 2016, July 24, 2019, and October 26, 2022 (the Agreement);
WHEREAS, Section 5.1 of the Agreement states that the Agreement will expire as of October 31, 2025;
WHEREAS, the Executive and the Company wish to extend the Agreement; and
NOW, THEREFORE, the Agreement is hereby amended, effective immediately, as follows:
1. Incorporation by Reference. All provisions of the Agreement are hereby incorporated herein by reference and shall remain in full force and effect except to the extent that such provisions are expressly modified by the provisions of this Amendment. Words and phrases used in this Amendment shall have the meaning set forth in the Agreement unless the context clearly indicates that a different meaning is intended.
2. Extension. Section 5.1(a)(i) of the Agreement is amended by replacing October 31, 2025 with December 31, 2027.
IN WITNESS WHEREOF, the Company, by its duly authorized officer, and Executive have caused this Amendment to the Agreement to be executed.
The Interpublic Group of Companies, Inc. | Executive | |||||||
By: | /s/ Andrew Bonzani | /s/ Philippe Krakowsky | ||||||
Name: Andrew Bonzani | Philippe Krakowsky | |||||||
Title: Executive Vice President and General Counsel | ||||||||
Date: December 8, 2024 | Date: December 8, 2024 |