{"id":40332,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/restricted-cash-plan-interpublic-group-of-companies-inc.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"restricted-cash-plan-interpublic-group-of-companies-inc","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/restricted-cash-plan-interpublic-group-of-companies-inc.html","title":{"rendered":"Restricted Cash Plan – Interpublic Group of Companies., Inc."},"content":{"rendered":"

The
\nInterpublic Restricted Cash Plan<\/u><\/strong><\/a><\/p>\n

THE INTERPUBLIC GROUP OF COMPANIES, INC.<\/strong>, a Delaware
\ncorporation (the “Company”), hereby grants to the Participant named below a
\nrestricted cash award (the “Award”). The terms and conditions of the Award are
\nset forth in this Award Agreement (the “Agreement”) and in The Interpublic
\nRestricted Cash Plan (the “Plan”), which is attached hereto as Exhibit A. This
\nAgreement is the Award Letter referenced in the Plan.<\/p>\n<\/p>\n\n\n\n\n\n\n\n\n
<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Date of Award<\/strong><\/p>\n<\/td>\n

\n

< ><\/p>\n<\/td>\n

\n

Participant’s Name<\/strong><\/p>\n<\/td>\n

\n

< ><\/p>\n<\/td>\n<\/tr>\n

\n

Amount to be Paid Upon Vesting<\/strong><\/p>\n<\/td>\n

\n

< ><\/p>\n<\/td>\n<\/tr>\n

\n

Vesting Date<\/strong><\/p>\n<\/td>\n

\n

< ><\/p>\n<\/p>\n

Subject to the (i) provisions of the Plan and (ii) Participant’s execution of
\nthe non-solicitation and non-service agreement that is attached hereto as
\nExhibit B, the scheduled vesting date is the date set forth above. Except as
\notherwise provided in this Agreement or the Plan, if the Participant terminates
\nemployment with the Company and its Affiliates before any portion of this Award
\nbecomes vested, the unvested portion shall be forfeited. Under all
\ncircumstances, vesting of the award is subject to the Participant’s execution of
\nthis Agreement and Exhibit B.<\/p>\n<\/td>\n<\/tr>\n

\n

Payment Date<\/strong><\/p>\n<\/td>\n

\n

Subject to the vesting conditions set forth herein, the Amount set forth
\nabove shall be paid to the Participant during the calendar year prescribed by
\nSection 8(b) of the Plan no later than the last day of the applicable “2 1\/2 month
\nperiod” set forth in Treas. Reg. Section 1.409A-1(b)(4)(i)(A).<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n

The provisions of the Plan are incorporated herein by reference. All
\ncapitalized terms that are not defined in this Agreement have the meanings set
\nforth in the Plan. Except as expressly provided herein, in case of any conflict
\nbetween this Agreement and the Plan, the terms of the Plan shall control.<\/p>\n<\/p>\n<\/p>\n

Please (i) review the rest of this Agreement, the Plan document and the
\nnon-solicitation and non-service agreement attached hereto as Exhibit B, and
\n(ii) execute the Agreement and Exhibit B by checking the box below.<\/p>\n<\/p>\n<\/p>\n

By checking the box below, you are effectively executing and agree to be
\nbound by the terms and conditions of (i) this Agreement (including the terms
\nunder “Forfeiture of Award”) and (ii) the non-solicitation and non-service
\nagreement attached hereto as Exhibit B.<\/p>\n<\/p>\n

The Interpublic Group of Companies, Inc.<\/strong><\/p>\n<\/p>\n<\/p>\n

Ken Lareau<\/p>\n<\/p>\n

Vice President, Global Executive Compensation<\/p>\n<\/p>\n

I have read this Agreement, the Plan, and Exhibit B and I understand
\nand agree to their terms and conditions. <\/strong><\/p>\n<\/p>\n<\/p>\n

____________________________________<\/p>\n<\/p>\n

Participant’s Signature<\/p>\n<\/p>\n<\/p>\n

\n<\/p>\n

\n<\/p>\n

\n<\/p>\n

\n<\/p>\n<\/p>\n

\n

\n<\/p>\n<\/p>\n

The Interpublic Restricted Cash Plan <\/u><\/strong>\n<\/p>\n

Restricted Cash Award Agreement<\/u><\/strong><\/p>\n

\n<\/p>\n

The following terms and conditions supplement the terms of the Plan:<\/p>\n<\/p>\n\n\n\n\n\n\n\n\n
<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/tr>\n
\n

Withholding<\/strong><\/p>\n<\/td>\n

\n

As set forth in the Plan, the Company may be required to withhold income and
\nemployment taxes when the Award is paid to the Participant. The Participant (or
\nBeneficiary, if applicable) remains responsible at all times for paying any
\nincome and employment taxes with respect to this Award. If the Participant
\nrelocates to another jurisdiction, the Participant is responsible for notifying
\nthe Company of such relocation and for complying with all applicable tax
\nrequirements. Neither the Company nor any of its Affiliates are responsible for
\nany liability or penalty relating to taxes (including excise taxes) on
\ncompensation (including imputed compensation) or other income attributed to the
\nParticipant (or a Beneficiary) pursuant to this Agreement, whether as a result
\nof the Participant failing to make timely payments of tax or otherwise.<\/p>\n<\/td>\n<\/tr>\n

\n

Forfeiture of Award<\/strong><\/p>\n<\/td>\n

\n

Before accepting this Award, the Participant must disclose to the
\nCompany in writing all grants to the Participant of options, shares and other
\nequity rights with respect to any Subsidiary of the Company (“Subsidiary
\nGrants”) that are still outstanding. Failure to disclose in writing the
\nexistence of any such outstanding Subsidiary Grants shall result in immediate
\ncancellation and forfeiture of the Award set forth in this Agreement, unless the
\nCompensation Committee determines in its sole discretion that such failure was
\nreasonable under the circumstances.<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

Interpretation and Construction<\/strong><\/p>\n<\/td>\n

\n

This Agreement and the Plan shall be construed and interpreted by the
\nCommittee, in its sole discretion. Any interpretation or other determination by
\nthe Committee (including, but not limited to, correction of any defect or
\nomission and reconciliation of any inconsistency in the Agreement or the Plan)
\nshall be binding and conclusive.<\/p>\n<\/td>\n<\/tr>\n

\n

Entire Understanding<\/strong><\/p>\n<\/td>\n

\n

This Agreement, the Award Letter from Interpublic, the terms of the Plan and
\nthe non-solicitation and non-service agreement attached hereto as Exhibit B
\nconstitute the entire understanding between the Participant and the Company and
\nits Affiliates regarding this Award. Any prior agreements, commitments, or
\nnegotiations concerning this Award are superseded.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n<\/p>\n<\/p>\n

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