EX-10.III.A.6



 





Exhibit 10(iii)(A)(6)




Includes 409A and CIC Changes




FORM FOR NEW PARTICIPANTS

Note: This form should not be used for benefit increases.




Received by HR                                         




The Interpublic Capital Accumulation Plan




Participation Agreement




          WHEREAS,                                          (the “Participant”) is a key executive of The
Interpublic Group of Companies, Inc. (“Interpublic”) and its subsidiaries, and has been approved by
Interpublic’s Management Human Resources Committee to participate in The Interpublic Capital
Accumulation Plan (“CAP”);




          WHEREAS, the Participant has received and reviewed the pamphlet entitled “The Interpublic
Capital Accumulation Plan,” as amended and restated effective January 1, 2007, which sets forth the
basic terms and conditions of CAP (such pamphlet, as may be amended from time to time, being
referred to herein as the “Plan Document”); and




          WHEREAS, the Plan Document provides that certain details with regard to the Participant’s
account and other rights and responsibilities under CAP are to be set forth in the Participant’s
Participation Agreement;




          NOW, THEREFORE, the undersigned Participant agrees to be bound by the terms of the Plan
Document, which terms are incorporated herein by reference, and modified and expanded as follows:





	1.	 	Effective Date. This Participation Agreement shall be effective as of the following
date:






	 	•	 	If the Participant has not participated in any Account Balance Plan (as defined in
the Plan Document), and [he] [she] executes and returns this Participation Agreement to
Interpublic’s Human Resources Department no later than                      [insert the
30th day after he first became eligible to participate in CAP], this
Participation Agreement shall be effective on the first day of the first calendar month
that starts after [he] [she] returns the executed Participation Agreement to
Interpublic’s Human Resources Department.
	 
	 	•	 	If the Participant has participated in any Account Balance Plan (as defined in the
Plan Document), or [he] [she] does not return an executed copy of this Participation
Agreement to Interpublic’s Human Resources Department by the date specified in the
preceding paragraph, this Participation Agreement shall be effective as of January
1st of the first calendar year that starts after [he] [she] returns the
executed Participation Agreement to Interpublic’s Human Resources Department.






	2.	 	Credit Amount.






	 	•	 	The Participant’s dollar credit under CAP for calendar year                      [insert year
in which Participation Agreement first becomes effective] shall be $                    





 









 






	 	 	 	[insert amount of prorated credit]; provided, however, that if the Participant does not
return an executed copy of this Participation Agreement to Interpublic’s Human
Resources Department by                      [insert the 30th day after he first
became eligible to participate in CAP], [he] [she] shall not receive a dollar credit
for calendar year                      (or any subsequent calendar year that begins on or
before the date [he] [she] returns an executed copy of this Participation Agreement to
Interpublic’s Human Resources Department).
	 
	 	•	 	The Participant’s annual dollar credit under CAP for each full calendar year after
the calendar year in which [he] [she] returns an executed copy of this Participation
Agreement to Interpublic’s Human Resources Department shall be $                    .






	 	 	Dollar credits shall be credited to the Participant’s CAP Account only at the time, and
under the circumstances, specified by the Plan Document.
	 
	3.	 	Interest. The Participant’s CAP Account shall be credited with interest on December
31st of each calendar year, starting with the calendar year after the calendar year
in which the first dollar credit is added to the Participant’s CAP Account, at the rate
specified by the Plan Document. For example, if the Participant returns an executed copy of
this Participation Agreement to Interpublic’s Human Resources Department by                     
[insert the 30th day after he first became eligible to participate in CAP], the
first dollar credit will be added to the Participant’s CAP Account on December 31, ___, and
the first interest credit will be added to the Participant’s CAP Account on December 31,
___ [insert the next year]. If interest were to be credited to the Participant’s CAP
Account for 2007, the interest rate for 2007 would be 4.71%.
	 
	4.	 	Vesting. Subject to paragraph 5, below, and the provisions of the Plan Document that
are triggered by a Change of Control (as defined in the Plan Document), the Participant’s CAP
account is scheduled to become fully vested on the following date (assuming the Participant
continues in the employment of Interpublic and its Subsidiaries until such date):






	 	•	 	If the Participant returns an executed copy of this Participation Agreement to
Interpublic’s Human Resources Department by                      [insert the
30th day after he first became eligible to participate in CAP], the
scheduled vesting date will be                      [insert the third anniversary of the
last day of the calendar month in which the Participant returns his executed
Participation Agreement; for example, if participant turns in Agreement on 6/15/08,
vesting date would be 6/30/11].
	 
	 	•	 	If the Participant does not return an executed copy of this Participation Agreement
to Interpublic’s Human Resources Department by the date specified in the preceding
paragraph, the scheduled vesting date will be December 31st of the third calendar year
that starts after the Participant returns an executed copy of this Participation
Agreement to Interpublic’s Human Resources Department.






	5.	 	Non-Competition and Non-Solicitation. For a period of two (2) years following the
termination of the Participant’s employment for any reason, the Participant shall not:
(a) accept employment with or serve as a consultant, advisor or in any other capacity to an
 





 


			
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	Participant                                         	 	 
	 	 	 




 









 






	 	 	employer that is in competition with the business unit or units of Interpublic by which the
Participant is employed (the “Business Unit”); (b) directly or indirectly, either on the
Participant’s own behalf or on behalf of any other person, firm or corporation, solicit or
perform services for any account that is a client of the Business Unit at the time of the
Participant’s termination of employment with the Business Unit or that was a client of the
Business Unit at any time within one year prior to the date of the Participant’s termination
of employment; or (c) directly or indirectly employ or attempt to employ or assist anyone else
to employ any person who is at such time or who was within the six-month period immediately
prior to such time in the employ of the Business Unit. If the Participant breaches any
provision of this paragraph 5, [he] [she] shall forfeit all of the interest that has been or
will be credited to [his] [her] CAP account.
	 
	 	 	The Participant acknowledges that these provisions are reasonable and necessary to protect
Interpublic’s legitimate business interests, and that these provisions do not prevent the
Participant from earning a living. If at the time of enforcement of any provision of this
Agreement, a court shall hold that the duration, scope, or area restriction of any provision
hereof is unreasonable under circumstances now or then existing, the parties hereto agree
that the maximum duration, scope, or area reasonable under the circumstances shall be
substituted by the court for the stated duration, scope, or area.
	 
	6.	 	Form of Payment. Subject to the special rules set forth in the Plan Document that
apply following a Change of Control (as defined in the Plan Document), and the remaining
provisions of this paragraph 6, the Participant’s vested benefit under CAP (if any) shall be
distributed in the following form [check one]:
	 
	 	 	___Lump sum
	 
	 	 	___Monthly installments over 10 years*
	 
	 	 	___Monthly installments over 15 years*
	 
		 	 * Notwithstanding the election above, if the Participant terminates employment before age
55, or before being credited with at least five years of participation in CAP, [his] [her]
vested benefit under CAP (if any) will automatically be paid in a lump sum.
	 
	 	 	The Participant may not change the form in which [his] [her] benefit under CAP will be paid,
except to the extent (if at all) that the Plan Document permits the Participant to make such
a change.
	 
	7.	 	Benefit Commencement Date. Interpublic shall begin paying the Participant’s vested
benefit at the time prescribed by the Plan Document. The Participant may not change the time
at which payment of [his] [her] benefit under CAP begins, except to the extent (if at all)
that the Plan Document permits the Participant to make such a change.
	 
	8.	 	Relationship to Plan Document. This Participation Agreement is intended to be
executed and administered in conjunction with the Plan Document, which is incorporated herein
by
reference. To the extent that this Participation Agreement does not address an issue, the
applicable terms and provisions of the Plan Document shall govern such issue. To the extent
that any term or provision of this Participation Agreement is inconsistent with a




 


			
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	Participant                                         	 	 
	 	 	 





 









 







	 	 	term or
provision of the Plan Document, the term or provision of this Participation Agreement shall
govern.
	 
	9.	 	Complete Statement. This Participation Agreement is a complete statement of the
Participant’s benefit and other rights under CAP. Any change to the terms of this
Participation Agreement or to the Participant’s rights under CAP shall be adopted by executing
an amendment or supplement to the Plan Document or to this Participation Agreement.
	 
	10.	 	Knowing and Voluntary Agreement. By signing this Participation Agreement, the
Participant acknowledges that —






	 	•	 	[he] [she] has received and reviewed the Plan Document and this Participation
Agreement,
	 
	 	•	 	[he] [she] fully understands the terms of the Plan Document and this Participation
Agreement, and
	 
	 	•	 	[he] [she] is entering into this Participation Agreement voluntarily.





          IN WITNESS WHEREOF, Interpublic, by its duly authorized officer, and the Participant have
caused this Participation Agreement to be executed.




	 	 	 	 	 	 	 
	The Interpublic Group of Companies, Inc.	 	 	 	Participant
	 
	 	 	 	 	 	 
	BY:
	 	 	 	 	 	 
	 

	 	 
	 	 	 	 
	 

	 	Timothy A. Sompolski

Executive Vice President,

Chief Human Resources Officer	 	 	 	 
	 
	 	 	 	 	 	 
	DATE:

	 	 	 	DATE:	 	 
	 

	 	 
	 	 	 	 





Return to Interpublic’s Human Resources Department.




 





For HR Use Only


 


Effective Date:                                         




 

Vesting Date:                                         




 

First Dollar Credit: $                    , to be credited on December 31,                     



  

First Interest Credit: To be credited on December 31,                     



 


			
	Capital Accumulation Plan
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	Participation Agreement – New Participant	 	 
	 
	Participant