Document:

Exhibit 10.15

                                 CIT Group Inc.
                                  650 CIT Drive
                        Livingston, New Jersey 07039-5795

                                                   Dated as of July 2, 2002

Royal Bank of Canada, as Administrative Agent
200 Bay Street
12th Floor, South Tower
Royal Bank Plaza
Toronto, Ontario  M5J 2J5

      Re: Unconditional Guaranty

Ladies and Gentlemen:

      Reference  is hereby made to the  $500,000,000  364-Day  Credit  Agreement
dated as of March 27, 2001 (as amended or otherwise  modified from time to time,
the  "Credit  Agreement"),  by and among CIT  Financial  Ltd.,  the Banks  party
thereto as lenders,  Royal Bank of Canada, as Administrative  Agent and Canadian
Imperial Bank of Commerce and JP Morgan Chase Bank, Toronto Branch (formerly The
Chase Manhattan Bank of Canada),  as Syndication  Agents.  Any capitalized  term
used herein and not defined herein shall have the meaning  assigned to it in the
Credit Agreement.

      1.  Guaranty.  CIT Group Inc., a Delaware  corporation  (the  "Guarantor")
hereby (a) unconditionally,  absolutely and irrevocably  guarantees to the Banks
the full and prompt  payment by the Company of the  obligations  incurred by the
Company  to the Banks  pursuant  to the  Credit  Agreement  (including,  without
limitation, interest accruing at the then applicable rate provided in the Credit
Agreement  after the  maturity of the  Accommodations  Outstanding  and interest
accruing at the then applicable rate provided in the Credit  Agreement after the
filing of any petition in bankruptcy,  or the  commencement  of any  insolvency,
reorganization  or like  proceeding,  relating to the  Company  whether or not a
claim for post-filing or  post-petition  interest is allowed in such proceeding)
(the "Obligations") upon written demand therefor from the Administrative  Agent,
and (b) agrees to pay all out-of-pocket  expenses incurred by the Administrative
Agent  and  each  Bank  (including  reasonable  counsel  fees and  expenses)  in
enforcing its rights under this Guaranty.

      2.  Guarantor's  Obligations  Unconditional.   (a)  The  Guarantor  hereby
guarantees  that the  Obligations  will be paid strictly in accordance  with the
terms of the Credit Agreement, regardless of any law, regulation or order now or
hereafter  in  effect in any  jurisdiction  affecting  any of such  terms or the
rights of the  Administrative  Agent and each Bank  with  respect  thereto.  The
liability  of the  Guarantor  hereunder  shall  be  absolute  and  unconditional
irrespective  of: (i) any lack of a  validity  or  enforceability  of any of the
Obligations,  or any  agreement,  instrument  or other  document  evidencing  or
securing any of the  Obligations;  (ii) any change in the time,  manner or place

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                                      -2-

of,  payment  of,  or in  any  other  term  in  respect  of,  all  or any of the
Obligations,  or any other  amendment or waiver of, or consent to any  departure
from  any  agreement,   instrument  or  document   evidencing  or  securing  the
Obligations;  or (iii) any other circumstance that might otherwise  constitute a
defense  available to, or a discharge of, the Company or any other  guarantor in
respect of the Obligations.

      (b) This  Guaranty  (i) is a  continuing  guarantee  of payment  and shall
remain in full force and effect until the later of (x) the  satisfaction in full
of the  Obligations  and the  payment  of the other  expenses  to be paid by the
Guarantor pursuant hereto, and (y) the termination of the Commitments;  and (ii)
shall continue to be effective or shall be reinstated, as the case may be, if at
any time any payment of any of the Obligations is rescinded or must otherwise be
returned by any Bank upon the insolvency,  bankruptcy or  reorganization  of the
Company or otherwise, all as though such payment had not been made.

      3. Waivers. The Guarantor hereby waives: (a) promptness and diligence; (b)
notice of  acceptance  and notice of the  incurrence  of any  Obligation  by the
Company; (c) notice of any actions taken by the Administrative Agent or any Bank
or the Company under the Credit  Agreement or any other  agreement or instrument
relating thereto,  except as expressly  provided for in clause (a) of Section 1;
(d) all other notices,  demands and protests, and all other formalities of every
kind in connection with the enforcement of the Obligations or of the obligations
of the  Guarantor  hereunder,  the  omission  of or delay in which,  but for the
provisions  of this  Section 3,  might  constitute  grounds  for  relieving  the
Guarantor of its  obligations  hereunder,  except as  expressly  provided for in
clause (a) of Section 1; and (e) any requirement that the  Administrative  Agent
or any Bank protect,  secure, perfect or insure any security interest or lien or
any property subject thereto or exhaust any right or take any action against the
Company or any other person or entity or any collateral.

      4. No  Subrogation.  Notwithstanding  any payment or payments  made by the
Guarantor hereunder,  or any set-off or application of funds of the Guarantor by
the Administrative  Agent or any Bank, the Guarantor shall not be entitled to be
subrogated to any of the rights of the Administrative  Agent or any Bank against
the Company or against any  collateral  security or guarantee or right of offset
held by the Administrative Agent or any Bank for the payment of the Obligations,
nor  shall  the  Guarantor  seek or be  entitled  to seek  any  contribution  or
reimbursement  from the  Company in respect of  payments  made by the  Guarantor
hereunder,  until the  Commitments  are  terminated and all amounts owing to the
Administrative  Agent and the Banks by the Company on account of the Obligations
are paid in full.  If any amount  shall be paid to the  Guarantor  on account of
such subrogation  rights at any time when all of the Obligations  shall not have
been paid in full,  such amount shall be held by the  Guarantor in trust for the
Administrative  Agent  and  the  Banks,  segregated  from  other  funds  of  the
Guarantor, and shall, forthwith upon receipt by the Guarantor, be turned over to
the  Administrative  Agent in the exact form  received  by the  Guarantor  (duly
indorsed by the  Guarantor to the  Administrative  Agent,  if  required),  to be
applied against the Obligations, whether matured or unmatured.

      5.  Representations and Warranties.  To induce the Banks to enter into the
Credit   Agreement,   the  Guarantor  hereby  represents  and  warrants  to  the
Administrative Agent and each Bank that:

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                                      -3-

      (a) Financial  Condition.  The consolidated balance sheet of the Guarantor
and its  consolidated  Subsidiaries  as of September  30, 2001,  and the related
consolidated  statements  of income and of cash flows for the fiscal years ended
on such dates, reported on by  PriceWaterhouseCoopers  LLP, copies of which have
heretofore  been  furnished  to  each  Bank,  present  fairly  the  consolidated
financial  condition of the Guarantor and its  consolidated  Subsidiaries  as at
such  dates,  and  the  consolidated  results  of  their  operations  and  their
consolidated  cash  flows for the fiscal  year then  ended.  All such  financial
statements,  including  the  related  schedules  and  notes  thereto,  have been
prepared in accordance  with GAAP applied  consistently  throughout  the periods
involved (except as approved by such  accountants or Responsible  Officer and as
disclosed therein).

      (b) No  Change.  Since  September  30,  2001  and  until  the date of this
Guaranty  there  has  been no  development  or  event  which  has  had or  could
reasonably  be  expected  to have a  Material  Adverse  Effect,  except  for any
development or event which has been made publicly  available pursuant to a press
release or a filing with the United States Securities and Exchange Commission.

      (c) Corporate Existence;  Compliance with Law;  Significant  Subsidiaries.
Each of the Guarantor and its  Significant  Subsidiaries  (i) is duly organized,
validly  existing and in good standing under the laws of the jurisdiction of its
organization  and (ii) has the power and  authority  to conduct the  business in
which  it is  currently  engaged.  As  of  the  date  hereof,  each  Significant
Subsidiary is listed on Schedule II to the CIT U.S. Credit Agreement.

      (d) Corporate Power; Authorization; Enforceable Obligations. The Guarantor
has the corporate power and authority to make, deliver and perform this Guaranty
and has  taken  all  necessary  corporate  action to  authorize  the  execution,
delivery and  performance  of this  Guaranty.  No consent or  authorization  of,
filing with or other act by or in respect of, any Governmental  Authority or any
other  Person is required on the part of the  Guarantor in  connection  with the
execution, delivery,  performance,  validity or enforceability of this Guaranty.
This Guaranty has been duly  executed and delivered on behalf of the  Guarantor.
This Guaranty constitutes a legal, valid and binding obligation of the Guarantor
enforceable  against  the  Guarantor  in  accordance  with its terms,  except as
enforceability   may  be   limited   by   applicable   bankruptcy,   insolvency,
reorganization,   moratorium  or  similar  laws  affecting  the  enforcement  of
creditors'  rights  generally  and  by  general  equitable  principles  (whether
enforcement is sought by proceedings in equity or at law).

      (e) No Legal Bar. The execution, delivery and performance of this Guaranty
will not violate any  Requirement of Law or material  Contractual  Obligation of
the Guarantor or of any of its Significant  Subsidiaries and will not result in,
or  require,  the  creation  or  imposition  of any  Lien on any of its or their
material  respective  properties or revenues pursuant to any such Requirement of
Law or material Contractual Obligation.

      (f) No Material Litigation. (i) No litigation, investigation or proceeding
of or before any  arbitrator  or  Governmental  Authority  is pending or, to the
knowledge of the Guarantor, threatened by or against the Guarantor or any of its
Significant Subsidiaries or against any of its or their respective properties or
revenues in any case that involves this Guaranty or the execution,  delivery and
performance of this Guaranty.

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                                      -4-

            (ii) No  litigation,  investigation  or  proceeding of or before any
arbitrator  or  Governmental  Authority  is pending or, to the  knowledge of the
Guarantor,  threatened  by or against the  Guarantor  or any of its  Significant
Subsidiaries  or against any of its or their  respective  properties or revenues
which could reasonably be expected to result in a violation of subsection 6.3 of
the CIT U.S. Credit Agreement,  as incorporated  herein by reference pursuant to
Section 6 below.

      (g) No  Default.  (i)  Neither the  Guarantor  nor any of its  Significant
Subsidiaries  is in  default  under or with  respect  to any of its  Contractual
Obligations  in any respect  which could  reasonably  be expected to result in a
violation of subsection 6.3 of the CIT U.S.  Credit  Agreement,  as incorporated
herein by reference pursuant to Section 6 below.

            (ii) No Default or Event of  Default  (as such terms are  defined in
the CIT U.S. Credit Agreement) has occurred and is continuing.

      (h)  Aggregation of the  Representations  and  Warranties  Relating to Net
Worth.  The total effect of each event or circumstance  referred to in paragraph
(f)(ii) and paragraph  (g)(i) of this Section 5 is not,  when taken  together in
the aggregate, reasonably expected to result in a violation of subsection 6.3 of
the CIT U.S. Credit Agreement,  as incorporated  herein by reference pursuant to
Section 6 below.

      (i) Investment Company Act. The Guarantor is not an "investment  company",
within the meaning of the Investment Company Act of 1940, as amended.

      (j) ERISA. Each Plan complies in all material respects with all applicable
provisions of ERISA and the Code, no Reportable  Event has occurred with respect
to any  Plan,  neither  the  Company  nor  any  other  members  of any  Commonly
Controlled  Entity has withdrawn from any Plan or initiated  steps to do so, and
no steps have been taken to terminate any Plan, except in any case to the extent
that such failures could not, in the aggregate, reasonably be expected to result
in a  violation  of  subsection  6.3  of  the  CIT  U.S.  Credit  Agreement,  as
incorporated herein by reference pursuant to Section 6 below.

      As used in this Section 5, capitalized  terms that are not defined in this
Guaranty  are used  with the  meanings  ascribed  to such  terms in the CIT U.S.
Credit Agreement.

      6.  Covenants.  The  Guarantor  agrees  that,  so long as any Bank has any
Commitment  under the Credit  Agreement or any amount  payable  under the Credit
Agreement,  unless the Required Banks shall  otherwise  consent in writing,  the
Guarantor  will  comply with each of the  covenants  contained  in Sections  5.1
through 5.8 and 6.1 through 6.3 of the CIT U.S.  Credit  Agreement (as in effect
on the date hereof,  without regard to any amendment,  modification or waiver of
such  provisions  and  without  regard  to  whether  or not the CIT U.S.  Credit
Agreement  remains  in  effect),  which  Sections  (together  with  all  related
definitions and ancillary  provisions)  are hereby  incorporated by reference as
though set forth  herein in their  entirety;  provided  that (i)  references  to
"Bank"  shall mean and be a reference  to each Bank under the Credit  Agreement,
(ii) references to  "Administrative  Agent" shall mean and be a reference to the
Administrative  Agent  under the Credit  Agreement,  (iii)  references  to "this
Agreement", "herein", "hereunder", and words of similar import shall mean and be
a reference to this Guaranty,  (iv) references to "Schedule" shall mean and be a

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                                      -5-

reference to the  applicable  Schedule in the CIT U.S.  Credit  Agreement (as in
effect on the date hereof,  without  regard to any  amendment,  modification  or
waiver of such  provisions  and  without  regard to  whether or not the CIT U.S.
Credit  Agreement  remains in effect),  and (v)  references  to Sections in such
incorporated  Sections  shall be references  to Sections of the CIT U.S.  Credit
Agreement,  provided that to the extent such referenced  Sections are themselves
incorporated in this Guaranty by reference,  references  herein to such Sections
shall be to such Sections as they are incorporated.

      7.  Miscellaneous.  (a) The Guarantor will make each payment  hereunder in
lawful money of Canada and in immediately  available funds to the Administrative
Agent at its address set forth above.

      (b) Upon the delivery of an Extension Notice and upon the extension of the
Termination Date pursuant to the Credit Agreement, the Guarantor shall be deemed
to have represented and warranted on and as of the date of such Extension Notice
and the  effective  date of such  extension,  as the  case  may be,  that (i) no
Default or Event of Default  (as such terms are  defined in the CIT U.S.  Credit
Agreement) has occurred and is  continuing,  (ii) that the  representations  and
warranties  of the  Guarantor  contained  herein  are  true and  correct  in all
material  respects  on  and  as  such  date,  except  to the  extent  that  such
representations  and warranties  expressly  relate to an earlier date, and (iii)
since the date of the Guarantor's  last audited  financial  statements and until
the date of such extension,  there has been no development or event which has or
could reasonably be expected to have a Material Adverse Effect.

      (c) No amendment  of any  provision  of this  Guaranty  shall be effective
unless it is in writing and signed by the Guarantor and the Required Banks,  and
no waiver of any provision of this Guaranty,  and no consent to any departure by
the Guarantor  therefrom,  shall be effective unless it is in writing and signed
by the Required  Banks,  and then such waiver or consent shall be effective only
in the specific  instance for the  specific  purpose for which given;  provided,
however,  that no such  amendment or waiver shall release the Guarantor from its
guaranty of the Obligations, amend Section 2, Section 7(b), this Section 7(c) or
Section 7(d),  reduce any amount payable hereunder or extend the time of payment
of any amounts  payable  hereunder,  in each case without the written consent of
all of the Banks.

      (d) No  failure  on the  part of the  Administrative  Agent or any Bank to
exercise,  and no delay in  exercising  any right  hereunder  shall operate as a
waiver thereof,  nor shall any single or partial  exercise of any right preclude
any other or further  exercise  thereof or the exercise of any other right.  The
rights and remedies of the Administrative  Agent or any Bank provided herein are
cumulative  and are in addition to, and not exclusive of, any rights or remedies
provided by law. The rights of the  Administrative  Agent or any Bank  hereunder
are not conditional or contingent on any attempt by the Administrative  Agent or
any Bank to exercise any of its rights under any other  agreement  evidencing or
securing  the  Obligations  against  such party or against  any other  person or
entity.

      (e)  If for  the  purpose  of  obtaining  judgment  in  any  court  in any
jurisdiction with respect to this Guaranty,  it is necessary to convert into the
currency of such jurisdiction (the "Judgment Currency") any amount due hereunder
in any currency other than the Judgment Currency,

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                                      -6-

then conversion shall be made at the rate of exchange prevailing on the Business
Day  before  the day on which  judgment  is  given.  For this  purpose  "rate of
exchange"  means  the rate at  which  the  Administrative  Agent  would,  on the
relevant  date,  sell a similar  amount of such currency in the Toronto  foreign
exchange market,  against the Judgment  Currency,  in accordance with normal and
reasonable banking procedures.

      In the event  that  there is a change in the rate of  exchange  prevailing
between the  Business  Day before the day on which the judgment is given and the
date of payment of the amount due, the  Guarantor  will, on the date of payment,
pay such  additional  amounts as may be necessary to ensure that the amount paid
on such date is the amount in the Judgment Currency which, when converted at the
rate of exchange prevailing on the date of payment, is the amount then due under
this  Agreement  in such  other  currency.  In the event that the amount so paid
exceeds, when so converted,  the amount then due, the Administrative Agent shall
remit to the Guarantor such excess. Any additional amount due from the Guarantor
or the  Administrative  Agent under this section will be due as a separate  debt
and shall not be  affected  by judgment  being  obtained  for any other sums due
under or in respect of this Agreement.

      (f)  All  communications  provided  for  hereunder  shall  be  in  writing
(including  telecopier   communication)  and  shall  be  mailed,  telecopied  or
delivered,  if to the  Guarantor,  to it at its  address  at 1211  Avenue of the
Americas,  New  York,  New  York  10036  Attention:  Treasurer;  and  if to  the
Administrative Agent, to its address at 200 Bay Street, 12th Floor, South Tower,
Royal Bank Plaza, Toronto, Ontario M5J 2J5, Attention: Manager Agency; or, as to
either such Person,  at such other address as shall be designated by such Person
in a written notice to such other Person complying as to delivery with the terms
of this  Section  7(e).  All such  notices  and  other  communications  shall be
effective (i) if mailed,  the earlier of three days after deposit in the mail or
when received,  (ii) if telecopied,  when  transmitted,  and (iii) if delivered,
upon delivery.

      (g)  This  Guaranty  shall  become  effective  as of the date  hereof  and
replaces  and  supercedes  the  similar  guaranty  dated as of June 1, 2001,  in
relation to the Credit  Agreement  addressed to you by the former The CIT Group,
Inc., which Guaranty shall be released upon delivery of this Guaranty.

      (h) This  Guaranty  shall  enure to the  benefit  of the  Banks  and their
respective  successors  and assigns and shall be binding upon the  Guarantor and
its successors and assigns.

      8.  GOVERNING  LAW.  THIS GUARANTY AND THE RIGHTS AND  OBLIGATIONS  OF THE
PARTIES UNDER THIS GUARANTY SHALL BE GOVERNED BY, AND CONSTRUED AND  INTERPRETED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

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                                      -7-

      9. Submission to Jurisdiction; Waivers.

      (a) The Guarantor hereby irrevocably and unconditionally:

            (i)  submits  for itself  and its  property  in any legal  action or
proceeding relating to this Guaranty,  or for recognition and enforcement of any
judgment in respect thereof,  to the non-exclusive  general  jurisdiction of the
courts of the Province of Ontario, the courts of Canada, and appellate courts of
any thereof;

            (ii) consents  that any such action or proceeding  may be brought in
such courts and waives any  objection  that it may now or hereafter  have to the
venue of any such action or  proceeding in any such court or that such action or
proceeding was brought in an inconvenient court and agrees not to plead or claim
the same; and

            (iii)  agrees that  nothing  herein shall affect the right to effect
service of process in any other manner permitted by law or shall limit the right
to sue in any other jurisdiction.

      (b) The  Guarantor  agrees  that  service of process in any such action or
proceeding  may be effected by mailing a copy thereof by registered or certified
mail (or any  substantially  or similar  form of mail),  postage  prepaid to the
Guarantor  at its address set forth above or at such other  address of which the
Administrative Agent shall have been notified pursuant thereto.

      (c) The  Guarantor  irrevocably  designates  and  appoints  the  corporate
secretary  of the  Company,  having  an office  on the date  hereof at  Newcourt
Centre,  207 Queens  Quay West,  Suite 700,  Toronto,  Ontario,  M5J 1A7, as the
Guarantor's  authorized  Administrative  Agent, to accept and acknowledge on its
behalf service of any and all process which may be served in any suit, action or
proceeding referred to in Section 9. The Guarantor  represents and warrants that
such  Administrative   Agent  has  agreed  to  accept  such  appointment.   Said
designation  and  appointment  shall not be revocable by the Guarantor until the
Guaranty  has  terminated.  If such  Administrative  Agent shall cease to act as
Administrative  Agent for the  Guarantor,  the  Guarantor  agrees  to  designate
irrevocably  and  appoint  without  delay  another  such  Administrative   Agent
satisfactory to the Administrative Agent.

      (d) The Guarantor  consents to process being served in any suit, action or
proceeding  referred  to  in  Section  9(c)  by  service  of  process  upon  its
Administrative Agent appointed as provided in Section 9(c).

      10.  WAIVERS OF JURY TRIAL.  THE  GUARANTOR  (AND,  BY  ACCEPTANCE  OF THE
BENEFITS HEREOF, THE ADMINISTRATIVE  AGENT AND THE BANKS) HEREBY IRREVOCABLY AND
UNCONDITIONALLY  WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING  RELATING
TO THIS GUARANTY AND FOR ANY COUNTERCLAIM THEREIN.

      11. Interest Act (Canada).  For purposes of the Interest Act (Canada), (i)
whenever any interest  applicable to this  Guaranty is  calculated  using a rate
based on a year of 360 days, such rate determined  pursuant to such calculation,
when expressed as an annual rate, is

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                                      -8-

equivalent to (x) the applicable rate based on a year of 360 days (y) multiplied
by the actual  number of days in the calendar year in which the period for which
such  interest or fee is payable (or  compounded)  ends,  and (z) divided by 360
(ii) the  principle  of deemed  reinvestment  of interest  does not apply to any
interest  calculation  in  respect  of this  Guaranty;  and  (iii)  the rates of
interest stipulated in respect of this Guaranty are intended to be nominal rates
and not effective rates or yields.

      12. Taxes and Other Taxes.

      (a) Any and all payments to the Banks by the Guarantor  hereunder shall be
made free and clear of and  without  deduction  or  withholding  for any and all
present or future taxes, levies, imposts,  deductions,  charges or withholdings,
and liabilities with respect thereto, excluding, in the case of each Bank, taxes
imposed on its net income and all capital,  franchise and other business-related
taxes imposed by any jurisdiction under any law to which such Bank is subject or
by the United States (or any political  subdivision or taxing authority  thereof
or therein) (all such non-excluded taxes, levies, imposts, deductions,  charges,
withholdings and liabilities being hereinafter  referred to as "Taxes"),  unless
such Taxes are required by law or the  administration  thereof to be deducted or
withheld.  If the  Guarantor  shall  be  required  by law or the  administration
thereof  to deduct or  withhold  any such  Taxes  from or in  respect of any sum
payable hereunder and, subject as provided in the next following  sentence,  (i)
the sum payable  shall be increased as may be necessary so that after making all
required  deductions  or  withholdings  (including  deductions  or  withholdings
applicable  to additional  amounts paid under this  paragraph),  the  applicable
Banks  receive an amount  equal to the sum they would have  received  if no such
deduction  or  withholding  had been made;  (ii) the  Guarantor  shall make such
deductions or withholdings; and (iii) the Guarantor forthwith shall pay the full
amount  deducted or  withheld to the  relevant  taxation or other  authority  in
accordance with applicable law.

      (b) The  Guarantor  agrees to pay forthwith any present or future stamp or
documentary  taxes or any other  excise or  property  taxes,  charges or similar
levies (all such taxes,  charges and levies being  herein  referred to as "Other
Taxes")  imposed by any  jurisdiction  (or any political  subdivision  or taxing
authority thereof or therein) which arise from any payment made by the Guarantor
hereunder or from the execution,  delivery or registration of, or otherwise with
respect to, this Guaranty.

      (c) The  Guarantor  agrees to  indemnify  the Banks for the full amount of
Taxes or Other Taxes not deducted or withheld and paid by it in accordance  with
Section 12(a) and Section 12(b) to the relevant  taxation or other authority and
any Taxes or Other Taxes imposed by any  jurisdiction  on amounts  payable by it
under this Section 12, paid by the applicable Banks and any liability (including
penalties,  interest and expenses)  arising  therefrom or with respect  thereto,
whether or not any such Taxes or Other Taxes were correctly or legally asserted.
Payment  under this  indemnification  shall be made within 30 days from the date
the Administrative  Agent or the relevant Banks make written demand therefor.  A
certificate  as to the  amount  of such  Taxes or Other  Taxes and  evidence  of
payment thereof submitted to the Guarantor by the Administrative  Agent shall be
prima facie evidence of the amount due from the Guarantor to the  Administrative
Agent or the applicable Banks.

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                                      -9-

      (d) The  Guarantor  shall  furnish  to the  Administrative  Agent  and the
applicable  Banks the original or a certified  copy of a receipt  evidencing any
payment of Taxes or Other Taxes made by the  Guarantor  as soon as such  receipt
becomes available.

      (e) Any Bank claiming any additional amounts payable under this Section 12
shall, to the extent legally able to do so, upon reasonable written request from
the Guarantor,  file any  certificate or document if such filing would avoid the
need  for or  reduce  the  amount  of any  such  additional  amounts  which  may
thereafter  accrue,  and  the  Guarantor  shall  not be  obligated  to pay  such
additional amounts if, after the Guarantor's  request, any Bank could have filed
such certificate or document and failed to do so.

      (f) The  provisions  of this Section 12 shall survive the  termination  of
this Guaranty.

                                        Very truly yours,

                                        CIT GROUP INC.

                                        By: /s/ Glenn A. Votek
                                            --------------------------------
                                            Name:  Glenn A. Votek
                                            Title: Executive Vice President &
                                                   TreasurerEXHIBIT 10.7a

                               OMNICOM GROUP INC.

                  EXECUTIVE SALARY CONTINUATION PLAN AGREEMENT

      Agreement made the 30th day of January,  1997 by and between Omnicom Group
Inc., a New York corporation,  its place of business at 437 Madison Avenue,  New
York,  New York  10022,  and Thomas  Harrison  ("Participant"),  an  employee of
Harrison & Star Inc., a subsidiary of Omnicom Group Inc.

I. Purpose of the Plan.

The purpose of the 1988 Executive  Salary  Continuation  Plan (the "Plan") is to
further  the growth of Omnicom  Group Inc.  by  offering a benefit to  encourage
experienced  executives  to enter the employ of Omnicom Group Inc. or one of its
Subsidiary companies, and to encourage key executives to remain in the employ of
Omnicom or a Subsidiary company.

II. Definitions.

The following terms shall have the meaning set forth below:

      1. "Company" means Omnicom Group Inc.

      2. "Subsidiary" means any company in which the Company holds,  directly or
indirectly, fifty percent (50%) or more of its outstanding voting stock.

      3. "Affiliate"  means any company in which the Company holds,  directly or
indirectly,  not less than  twenty  percent  (20%) but not more than  forty nine
percent (49%) of its outstanding voting stock.

      4. "Employer" means the Company or a Subsidiary.

      5. "Employer Group" means the Company and all Subsidiaries.

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                                                                               2

      6. "Committee" means the Compensation  Committee of the Board of Directors
of the  Company,  or if  there  should  be no  Compensation  Committee  means  a
committee  of not less  than  three  members  of the Board of  Directors  of the
Company  none of whom  shall,  while  serving as a member of the  committee,  be
eligible to participate in the Plan.

      7.  "Participant"  means an employee of the  Employer  recommended  by the
Chief  Executive  Officer of the Company  and  approved  by the  Committee  as a
participant in the Plan.

      8. "Beneficiary" means any person,  persons, entity or entities designated
in writing by the Participant to the Company to receive  payment,  if any, to be
made  hereunder  following the death of the  Participant,  and in the absence of
such designation,  means (i) the Participant's  surviving spouse,  while living,
and (ii) if there be no  surviving  spouse  or upon the  death of the  surviving
spouse, then to the estate of the Participant.

      9. "Participation"  means the highest percentage of the annual net profits
of the Company  specified by the Company and  communicated to the Participant in
writing  by the  President,  Chief  Financial  Officer or the  Secretary  of the
Company.

      10(a) "Net profits of the Company" means the  consolidated  net profits of
the Company for a calendar year  determined in accordance  with its then current
accounting  procedures and practices  before  deducting any United States income
tax applicable to its taxable  income for such year. In determining  net profits
of the Company, the following shall apply:

            (i) dividends from  Subsidiaries  and  Affiliates  shall be excluded
      from income;

            (ii)  the   Company's   interest  in  the  net  profit  or  loss  of
      Subsidiaries and Affiliates  before deducting any United States or foreign
      national income tax shall be included in income;

            (iii) any  liability  to make  payments or payments  made under this
      document or under like  documents  with others shall not be deducted as an
      expense;

<PAGE>
                                                                               3

            (iv) the premiums for and the  proceeds of life  insurance  policies
      payable to the  Company  and/or a  Subsidiary  shall not be deducted as an
      expense or included in income, as the case may be;

            (v) the aggregate  amount,  if any, by which  employee  compensation
      (salary,  bonus,  service awards, stock awards and the like, but excluding
      contributions  to pension  and/or  deferred  profit sharing plans) paid or
      accrued in respect of a calendar year by the Company and its  Subsidiaries
      exceeds fifty-two (52%) percent of such year's  consolidated  gross income
      of the  Company  (income  from  all  sources  except  for  dividends  from
      Subsidiaries and Affiliates,  and before  adjustments,  if any,  resulting
      from efficiency  incentive  compensation  arrangements with clients) shall
      not be deducted as an expense; and

            (vi) in respect of each calendar year  commencing with calendar year
      1989,  the aggregate  amount,  if any, by which interest and other charges
      for the  borrowing of funds paid or accrued in respect of a calendar  year
      by the Company and its Subsidiaries ("Debt Service") exceeds the Allowable
      Debt Service for the subject year shall not be deducted as an expense; for
      purposes hereof  "Allowable Debt Service" means (A) for calendar year 1988
      the actual Debt  Service for such year,  (B) for calendar  year 1989,  the
      Allowable  Debt  Service  for  calendar  year  1988  increased  by  20% or
      increased by the percentage  increase,  if any, in the actual Debt Service
      for 1989 over the actual Debt Service for 1988,  whichever  results in the
      lower amount,  and (C) for each calendar year  subsequent to calendar year
      1989, the Allowable Debt Service for the  immediately  preceding  calendar
      year increased by 20% or increased by the percentage increase,  if any, in
      the actual Debt Service for the subject calendar year over the actual Debt
      Service for the immediately  preceding calendar year, whichever results in
      the lower amount.

      (b) The  Company,  upon its own  initiative  may, or shall upon receipt of
written  demand  from the  Participant  or the  Beneficiary,  as the  case  may,
designate  a firm of  public  accountants,  which  may or may not be the firm of
accountants   regularly   employed  by  the  Company  to  verify  the  Company's
determination  of net profits of the  Company,  and to  determine  any  question
arising in the course of

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                                                                               4

such  verification not herein  specifically  provided for. The  determination by
such firm of public  accountants  shall be binding and conclusive.  In computing
net  profits  of the  Company,  the  public  accountants  shall  conform  to the
accounting procedures and practices of the Company as modified by the provisions
of  subparagraph  (a) of this  Section  10. A  condition  of the right to demand
verification  as  aforesaid  is that the person  requesting  verification  shall
reimburse  the Company to the extent of one-half of the cost of the  services of
such  public  accountants,  and,  at the  request of the  Company and before the
accountants shall have commenced the verification work, shall pay to the Company
one-half of the cost of the  services of the said  accountants  as  estimated by
them.

      11(a)  "Year of  Service"  means each  consecutive  period of 365 days the
Participant is in the  continuous  employ of a member or members of the Employer
Group.  For  purposes  of this  Section,  "continuous  employ of  members of the
Employer  Group" means  consecutive  employment by members of the Employer Group
without interruption by reason of self-employment or employment by a third party
employer, except as provided in Section 11 (b)(ii) below.

      (b) A  Participant  shall be in the employ of the Employer  regardless  of
absences by reason of:

            (i) sick leave,  vacation  leave,  maternity  leave or other special
      leave  approved by the Employer  which does not exceed 6 months,  provided
      the  Participant  returns  to work for the  Employer  not  later  than the
      expiration date of the authorized leave of absence; and

            (ii) time spent in the  service of others at the request of, or with
      the approval of, the Employer,  provided the  Participant  returns to work
      for the Employer within 15 days following cessation of work for such other
      party.

      12.  "Salary"  means the base salary paid by the  Employer,  excluding all
other forms of  compensation,  such as bonuses,  special awards,  severance pay,
contributions  under  benefit  plans,  and the  compensatory  elements  of stock
awards.  The payroll  records of the Employer shall be conclusive and binding on
the  Participant,  the  Beneficiary  and the  Employer  as to the  salary of the
Participant. "One year's salary" shall mean the highest annual rate of salary at
which the Participant was paid by the Employer at any time within

<PAGE>
                                                                               5

five (5) years of the termination of the Participant's employment giving rise to
the Company's obligation to make payments under Article IV hereof.

      13. "Salary  Limitation" means the highest percentage of one years salary,
which may not exceed  50%,  specified  by the Company  and  communicated  to the
Participant  in  writing  by  the  President,  Chief  Financial  Officer  or the
Secretary of the Company.

      14.  "Disability"  means the  inability of the  Participant,  by reason of
physical condition,  mental illness or accident, to perform substantially all of
the duties of the position at which he was  employed by the  Employer  when such
disability commenced.

      15.  "Cause"  means  the   Participant's   misconduct   involving  willful
malfeasance, such as breach of trust, fraud or dishonesty.

      All  determinations  as to  "Disability"  or "Cause"  shall be made by the
Board of Directors of the Employer, after a hearing at which the Participant may
be present,  and the  determination by the Board of Directors shall be final and
conclusive.

III. Employment Is Unrestricted.

      Nothing herein contained shall be deemed to give the Participant the right
to remain in the employ of the  Employer or to  interfere  with the right of the
Employer to terminate the Participant's  employment at any time, nor to give the
Employer  the right to  require  the  Participant  to remain in its employ or to
interfere with the Participant's right to terminate employment at any time.

IV. Compensation.

      1. In the  event  (a) the  Participant  dies  while in the  employ  of the
Employer,  (b) the Employer  determines,  in the manner  provided in Article II,
Section 14 hereof,  that the  Participant  is disabled and the employment of the
Participant  is  terminated  by the  Employer by reason of  Disability,  (c) the
Participant, after 5 Years of Service, terminates his or her employment with the
Employer for a reason other than to enter the employ of another member of the

<PAGE>
                                                                               6

Employer  Group or (d) the  employment of the  Participant  is terminated by the
Employer  for a reason  other than Cause,  then upon the  happening  of any such
event the Company,  subject to all the terms and conditions hereof, shall become
obligated to pay to the  Participant,  or to the  Beneficiary  if the obligation
arises under (a) above, each year, for the number of consecutive  calendar years
determined in accordance with the schedule on page 8 hereof,  an amount equal to
the lesser of (i) the Salary  Limitation  applied to one year's salary,  or (ii)
the  Participation  applied to the net profits of the  Company for the  calendar
year immediately  preceding the calendar year of payment,  subject to adjustment
as provided in Sections 2, 3 and 4 of this Article.

      2. If the  employment  of the  Participant  is  terminated by reason of an
event occurring under (c) of Section 1 of this Article and at the effective date
of such termination the Participant has not accumulated 20 Years of Service, the
annual  payment the  Participant  would have been entitled to receive under said
Section 1  ("Proposed  Payment")  shall be reduced to an amount  resulting  from
multiplying  the Proposed  Payment by a fraction  the  numerator of which is the
Participant's Years of Service at the effective date of such termination and the
denominator of which is 20. The Committee may, in its absolute discretion, waive
this  provision or reduce the number of the  denominator  in said traction if it
decides such action would be in the best  interest of the Company and  equitable
to the Participant or the Beneficiary.

      3.(a) In the event of the  Participant's  death after the occurrence of an
event  described  in (b), (c) or (d) of Section 1 of this Article and before the
Participant  has received  payment(s) in respect of the total number of calendar
years as to which the Company is obligated to make payment  hereunder  ("Payment
Period"), the Company shall thereafter be obligated to make an annual payment to
the Beneficiary during the Payment Period or the remainder thereof,  as the case
may be,  equal to seventy  five (75%)  percent of the amount  which the  Company
would have been obligated to pay to the Participant had the Participant lived to
receive all payments.

<PAGE>
                                                                               7

      (b) In the event of the  Participant's  death  while in the  employ of the
Employer,  the  Company  shall be  obligated  to make an annual  payment  to the
Beneficiary in the same manner and to the same extent as provided in (a) of this
Section 3.

      (c) The Company may, at any time and from time to time,  seek to fund,  in
whole or in part, its obligation  under this Section 3 by applying for insurance
on the life of the Participant.  The Participant  shall, if requested in writing
by the  Company,  undergo a  physical  examination  for such  purpose by medical
examiners  designated  by the  Company,  and if the  Participant  should fail or
refuse to undergo such physical  examination the Company shall have the right to
terminate its  obligation  under this Section 3 by giving written notice of such
termination to the Participant.

      4. If during any period of  twenty-four  consecutive  months assets of the
Company are sold or otherwise  disposed of having a value or aggregate  value of
thirty  (30%)  percent  or more of the  total  assets of the  Company  as at the
commencement date of said period ("Disposal  Transaction"),  then beginning with
the  calendar  year in which the Disposal  Transaction  occurs the amount of the
annual  payments the Company may be obligated  to make under the  provisions  of
Section 1 of this Article shall be the Salary  Limitation  applied to one year's
salary. If the asset sold or disposed of is stock of a Subsidiary,  the value of
the total assets,  not net assets,  of the Subsidiary shall be used for purposes
of this Section 4.

      5. The  first  calendar  year of  payment,  if any,  shall  be the  second
calendar  year  following the calendar year in which the event that gave rise to
the Company's obligation to pay occurred.  If, however,  such event is the death
of the participant while in the employ of the Employer,  the first calendar year
of payment shall be the first calendar year following the calendar year in which
the Participant's  death occurred.  Payment shall be made by the Company in each
calendar  year of  payment  during  the first  ninety  (90) days of the  subject
calendar year.

<PAGE>
                                                                               8

<TABLE>
<CAPTION>

                           NUMBER OF YEARS OF PAYMENT

                   Years of Service
<S>                <C>   <C>   <C>   <C>   <C>    <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
                   1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25

Age at        30                     1  1  1  2   2
Termination   31                     1  1  1  2   2   2
              32                     1  1  1  2   2   3
              33                     1  1  2  2   2   3   3
              34                     1  2  2  2   3   3   3   4
              35                  1  1  2  2  3   3   3   4   4   4
              36                  1  1  2  2  3   3   3   4   4   4   5
              37                  1  1  2  3  3   4   4   4   5   5   5   6
              38                  1  2  3  3  4   4   4   5   5   5   6   6   6
              39                  1  2  3  3  4   4   4   5   5   5   6   6   6   7
              40               1  1  2  3  3  4   4   5   5   5   6   6   6   7   7   7
              41               1  1  2  3  4  4   4   5   5   5   6   6   6   7   7   7   8
              42               1  2  2  3  4  4   5   5   5   6   6   6   7   7   7   8   8   8
              43               1  2  2  3  4  5   5   5   6   6   6   7   7   7   8   8   8   9   9
              44               1  2  2  3  4  5   5   5   6   6   6   7   7   7   8   8   8   9   9   9
              45            1  1  2  3  4  4  5   5   5   6   6   6   7   7   7   8   8   8   9   9   9   10
              46            1  1  2  3  4  4  5   5   6   6   6   7   7   7   8   8   8   9   9   9   10
              47            1  2  2  3  4  5  5   6   6   6   7   7   7   8   8   8   9   9   9   10
              48            1  2  3  4  5  5  6   6   6   7   7   7   8   8   8   9   9   9   10
              49            1  2  3  4  5  5  6   6   7   7   7   8   8   8   9   9   9   10
              50         1  1  2  3  4  5  6  6   7   7   7   8   8   8   9   9   9   10
              51         1  2  3  4  5  6  6  7   7   7   8   8   8   9   9   9   10
              52         1  2  3  4  5  6  6  7   7   8   8   8   9   9   9   10
              53         1  2  3  4  5  6  7  7   8   8   8   9   9   9   10
              54         1  2  3  4  5  6  7  8   8   8   9   9   9   10
              55   0  1  2  3  4  5  6  7  8  8   8   9   9   9   10
              56   0  1  2  3  4  5  6  7  8  8   8   9   9   9   10
              57   0  1  2  3  4  5  6  7  8  8   9   9   9   10
              58   0  1  2  3  4  5  6  7  8  8   9   9   9   10
              59   0  1  2  3  4  5  6  7  8  8   9   9   10
              60   0  1  2  3  4  5  6  7  8  8   9   9   10
             and up
</TABLE>

<PAGE>
                                                                               9

      6. The amount  payable  hereunder by the Company in respect of the Payment
Period shall be reduced by the value of payments to be made following  cessation
of Participant's employment to the Participant, Beneficiary or other designee of
the  Participant  pursuant to any other  agreement  or  arrangement  between the
Participant  and one or more  members of the  Employer  Group  ("Post-Employment
Payments").  For purposes  hereof,  Post-Employment  Payments  shall not include
payments under (i) a pension, profit-sharing or savings plan which qualifies for
favorable tax treatment  under the United States  Internal  Revenue Code, (ii) a
benefit plan for the payor's employees generally ("Employee Benefit Plan") (iii)
a plan for the payor's executive  officers approved by the Company that augments
a benefit  provided  for in an  Employee  Benefit  Plan,  and (iv) an  agreement
financed, in whole or in part, by the Participant to the extent the payments are
attributable to the financing provided by the Participant.

V.    Company's Payment Obligation Conditional on Participant's  Refraining from
      Competitive and Harmful Activities After Severance of Employment.

      It is a condition of the Company's  obligation to make payments  hereunder
that from the date of the occurrence of an event described in (b), (c) or (d) of
Section 1 of Article IV hereof that shall have given rise to the  obligation  to
pay and  until  the  close of the last  calendar  year in  respect  of which the
Participant may become entitled to receive payments hereunder:

      (a) that the Participant shall not directly or indirectly,  engage in, nor
become employed by or otherwise  associated with any persons or entities engaged
in, business of the same nature as or competitive  with the business engaged in,
at the time of  Participant's  severance  of  employment,  by the  Participant's
Employer  ("Protected  Business")  in (i) the  United  States and (ii) any other
country  in which at the  time of  Participant's  severance  of  employment  the
Employer  holds,  directly or  indirectly,  more than fifty percent (50%) of the
voting  stock or its  equivalent  of an entity  engaged in the same or a related
business  as that of the  Employer;  and the  Participant  shall  not  make  any
financial  investment,  direct or indirect, in any sole proprietorship or entity
engaged  in  the  same  business  as  that  of  the  Employer  at  the  time  of
Participant's severance of employment

<PAGE>
                                                                              10

("Protected investment"), provided nothing herein shall prohibit the purchase of
less than a  controlling  interest in  publicly  traded  securities  of any such
entity for bona fide investment only;

      (b) that the Participant  shall not willfully engage in any activity which
is harmful to the interest of the Company.

      The  determination  of (i)  whether a business  is of the same  nature as,
competitive with, or related to that of the Employer,  (ii) whether any activity
of a Participant is harmful to the interest of the Company and (iii) whether the
Participant has willfully engaged in such harmful activity, shall be made by the
Board of Directors of the Company after a hearing at which the Participant shall
be entitled to be present, and the determination by the Board of Directors shall
be final and conclusive; and

      (c) Nothing herein prohibits or restricts the Participant from engaging in
Protected  Business in the related  areas  described  in  Subsection  (a) above,
making a Protected Investment,  or willfully engaging in activity harmful to the
interest  of the  Company  (collectively  "Activities")  and in  the  event  the
Participant chooses to engage in any of such Activities the Company's obligation
to make payments hereunder shall forthwith  terminate as to payments which might
otherwise have become payable to the Participant in respect of the calendar year
in which such Activity  occurred and to the  Participant  or the  Beneficiary in
respect of all  calendar  years  thereafter,  but the  Participant  shall not be
obligated to refund to the Company any payments  theretofore paid to Participant
hereunder. If requested in writing by the Company, the Participant shall, within
30 days after receipt of such request, advise the Company in writing whether the
Participant has or has not engaged in such  Activities for a specified  calendar
year,  and the Company  shall have no obligation to make a payment in respect of
such calendar  year until the Company has received such written  advice from the
Participant.

VI.   Company's Payment Obligation Conditional On Participant's Availability for
      Advisory and Consultative Services after Severance of Employment.

      (a) It is a further condition of the Company's obligation to make payments
hereunder that from the date of the occurrence of an event described in (b), (c)
or (d) of Section 1 of Article IV hereof that

<PAGE>
                                                                              11

shall have given rise to the  obligation  to pay and until the close of the last
calendar year in respect of which the Participant may become entitled to receive
payments  hereunder,  that  the  Participant,  if  not  physically  or  mentally
disabled, shall, as an independent contractor and upon not less than thirty (30)
days prior written notice from the Company,  make his or her services  available
to the Company for such periods of time as may be specified in the notice, as an
advisor and  consultant  with respect to activities of the department or unit of
the Employer's  business to which the Participant  was last assigned,  provided,
however, that the Participant shall not be obligated to make his or her services
available  (i) for more than sixty (60) days in the  aggregate and for more than
twenty  (20)  consecutive  days in any one  calendar  year,  and (ii) during the
period  December  15  through  January  15.  The  Company  shall  reimburse  the
Participant  for  reasonable  traveling,   transportation  and  living  expenses
necessarily incurred by the Participant while away from his or her regular place
of residence in the performance of such advisory and  consultative  services for
the Company.

      (b) In the event  the  Participant  chooses  not to  render  advisory  and
consultative  services  when  requested by the Company as provided in Subsection
(a) above, the Company's  obligation to make payments  hereunder shall forthwith
terminate  as to payments  which  might  otherwise  have  become  payable to the
Participant  in respect of the calendar year in which such event occurred and to
the Participant or the Beneficiary in respect of all calendar years  thereafter,
but the Participant shall not be obligated to refund to the Company any payments
theretofore paid to Participant hereunder.

VII. Prepayments.

      Following the occurrence of an event  described in Section 1 of Article IV
hereof,  the Company may, at any time and from time to time,  make a prepayment,
in whole or in part, of its  obligation  hereunder in respect of any one or more
calendar years and any such prepayment shall be irrevocable and non-refundable.

<PAGE>
                                                                              12

VIII. Participant's   and   Beneficiary's   Rights   Hereunder   Are   Personal,
      Nonassignable and Nontransferable.

      1.  The  right of the  Participant  or  Beneficiary  to  receive  payments
hereunder is personal,  non-assignable and  non-transferable by operation of law
or otherwise.  The word  "otherwise"  in the preceding  sentence  shall include,
without limitation, any execution,  levy, garnishment,  attachment or seizure by
any other legal process.

      2. If at the time the Company is to make a payment to the Participant or a
Beneficiary  hereunder the Participant or Beneficiary is not entitled to receive
such payment by reason of  non-compliance  with the  provisions  of Section 1 of
this Article, the obligation of the Company to make such payment shall forthwith
terminate.

IX.   Designation and Identity of Beneficiary.

      1. The  Participant  may  designate a Beneficiary  by signing,  dating and
filing with the Secretary of the Company a written  instrument setting forth the
name(s) and address(es) of the Beneficiary,  and if the Beneficiary be more than
one person or entity,  describing  the  allocation of the payment  benefit among
them. The  Participant  may change his or her  designation of a Beneficiary  and
thereby revoke a prior designation of a Beneficiary at any time and from time to
time by filing a new such written instrument with the Secretary. The Beneficiary
named  in  the  last  unrevoked  designation  of  Beneficiary  so  filed  by the
Participant  prior to his or her death shall be the  Beneficiary for purposes of
this  Agreement.  In  the  absence  of  a  designation  of  Beneficiary  by  the
Participant, or in the event the last written designation of Beneficiary on file
with the Secretary has been revoked by the Participant, the Beneficiary shall be
as described in Section 8 of Article II of this Agreement.

      2. It is a condition of the  Company's  obligation to make payments to the
Beneficiary  hereunder that (a) in making  payments the Company may, in its sole
and absolute discretion,  rely upon signed, written declarations,  verifying the
identity of a Beneficiary filed with the Secretary of the Company by a person or
entity claiming to be such  Beneficiary;  (b) any payment made by the Company in
good faith to any  claimant,  whether or not such  declarations  shall have been
filed with the Company, shall pro tanto,

<PAGE>
                                                                              13

discharge any obligation the Company might otherwise have to make payment to any
and all other actual or possible claimants; (c) any person or entity claiming to
be entitled to receive payments hereunder following the death of the Participant
shall have  recourse only against the person or entity to whom the Company shall
have made payment in good faith; and (d) in the event the Company,  on advice of
counsel, delays payment of any sums becoming due to a Beneficiary by reason of a
dispute as to the  legitimacy  of the claim of such  Beneficiary,  no  interest,
penalty or damage shall  accrue,  become  payable by or be assessed  against the
Company by reason of such delay in payment.

X. Payment to Minors.

      Any  payment  to be made  by the  Company  to a  person  under  the age of
twenty-one  (21)  years  may be made  to such  person  or to a  guardian  of the
property of such person or to a parent of such person as the Company may, in its
sole and  absolute  discretion,  determine.  As to any payment  becoming  due or
payable to a person  under the age of  twenty-one  (21)  years,  the Company may
defer such payment until the Company has received  notice of the appointment and
qualification  of a guardian of the  property of such  person,  and no interest,
penalty or damage shall  accrue,  become  payable by or be assessed  against the
Company by reason of such delay in payment.

XI. Miscellaneous Provisions.

      1. An act or determination by the Board of Directors of the Company or the
Employer  may be made by a committee of  directors,  number not less than three,
appointed by the Board for such purpose.

      2. Notices shall be sent by registered or certified  mail,  return receipt
requested, to the Participant at the Participant's last address on file with his
or her Employer or to such other  address as may  hereafter be designated by the
Participant to the Company,  and to the Beneficiary at the address listed in the
latest  written  designation  of  beneficiary  filed  with  the  Company  by the
Participant  or to such other  address as may  hereafter  be  designated  by the
Beneficiary to the Company subsequent to the death of the Participant.

<PAGE>
                                                                              14

      3. The failure of any party to insist upon strict adherence to any term of
this  Agreement  on any occasion  shall not be  considered a waiver of any right
hereunder,  nor shall it deprive  that party of the right  thereafter  to insist
upon  strict  adherence  to that term or any other term of this  Agreement.  Any
waiver must be in writing.

      4. This  Agreement sets forth the entire  understanding  of the parties in
respect of the subject matter hereof, superseding, and evidencing and confirming
the termination of, any and all prior agreements, arrangements or understandings
between  the parties  relating to such  subject  matter,  and neither  party has
relied on any  representations  of the other party except as expressly set forth
herein.  This  Agreement may be amended only by a written  instrument  signed by
both parties.

      5. This Agreement  shall be construed and  interpreted in accordance  with
the laws of the State of New York,  and is  subject to all  applicable  federal,
state and municipal laws and regulations now or hereafter in force.

      IN WITNESS  WHEREOF,  the parties hereto have duly executed this Agreement
as of the date first above written.

                                                /s/ Thomas Harrison
                                                ----------------------------
                                                Thomas Harrison

                                                Omnicom Group Inc.

                                                 By  /s/ John Wren
                                                   -------------------------
                                                         President and
                                                    Chief Executive Officer

         Name of Participant:  Thomas Harrison

         Date of Birth:  August 19. 1947
                         ---------------

         Date First Commenced Service:  December 22. 1992
                                        -----------------

         Name of Employer: Harrison & Star Inc.
                           -------------------

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