Document:

Exhibit 10.1

                               OMNICOM GROUP INC.

            SENIOR EXECUTIVE RESTRICTIVE COVENANT AND RETENTION PLAN

ARTICLE I - PREAMBLE

1.1 The purpose of this Senior Executive Restrictive Covenant and Retention Plan
(the "Plan") is to secure non-competition,  non-solicitation,  non-disparagement
and consulting  agreements with Executive  Officers for a significant  period of
time,  and  strengthen  the  retention  aspect  of  Executive   Officers'  total
compensation.

1.2 This Plan shall be (i) operated in good faith compliance with the provisions
of Section 409A of the Internal  Revenue Code of 1986, as amended (the "Internal
Revenue  Code"),  prior to the calendar year 2008, and (ii) amended on or before
December 31, 2007 to take into account the  requirements  of Section 409A of the
Internal Revenue Code.

1.3 This Plan may be amended at any time and from time to time by the  Committee
to comply with the  requirements  of Section 409A of the Internal  Revenue Code,
and regulations and interpretations issued thereunder.  Notwithstanding  Section
10.1 of the Plan,  any such  amendment  may be made  without  the consent of any
Participant  or  Beneficiary,  regardless  of whether such  amendment  adversely
affects any benefits or rights of a Participant or Beneficiary arising under the
terms of the Plan.

1.4 This Plan shall be effective as of December 15, 2006.

ARTICLE II - DEFINITIONS

The following terms shall have the meaning set forth below:

2.1 "Annual  Cap" means  $1,250,000  for the first  payment to any  Participant;
provided,  however,  that the Annual Cap shall be adjusted  annually  (beginning
with  the  second  annual  payment  to  the  Participant)  by  the  most  recent
Cost-of-Living   Adjustment   used  by  the  United   States   Social   Security
Administration.  Notwithstanding  anything else to the contrary,  the Annual Cap
shall not be increased by more than 2.5% per calendar year.

2.2 "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.

2.3 "Board" means the Board of Directors of the Company.

2.4  "Committee"  means the  Compensation  Committee  of the Board,  or if there
should be no  Compensation  Committee,  means a committee of not less than three
members of the Board

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none of whom shall,  while serving as a member of the Committee,  be eligible to
receive a benefit under the Plan from the Company.

2.5 "Company" means Omnicom Group Inc., a New York corporation.

2.6 "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 or she was employed by the Employer when such
disability  commenced.  The  Committee  shall  make  all  determinations  as  to
"Disability,"  after a hearing at which the Participant  shall be entitled to be
present with counsel of his or her choice and be heard by the Committee, and the
determination by the Committee shall be final and conclusive.

2.7 "Employee" means any person who is a full-time employee of an Employer.

2.8 "Employer" means the Company or a Subsidiary.

2.9 "Executive  Officer"  means,  as determined by the Board on an annual basis,
the  Company's  president,  any vice  president  of the  Company  in charge of a
principal business unit, division or function (such as sales,  administration or
finance),  any other officer who performs a policy making  function or any other
person who performs similar policy making  functions for the Company.  Executive
Officers of Subsidiaries may be deemed Executive Officers of the Company if they
perform such policy making functions for the Company.

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

2.11 "Final Average Pay" means the  Participant's  average annual Pay determined
using the highest three (3) years of Pay during the Employee's  employment  with
the Employer,  unless otherwise  defined by the  Participant's  Senior Executive
Restrictive Covenant and Retention Plan Agreement.  For this purpose,  only full
years of  employment  will be taken into account and partial years of employment
will be disregarded.

2.12  "Participant"  means a person who  participates  in the Plan in accordance
with Article V below.

2.13 "Plan" means this Omnicom Group Inc. Senior Executive  Restrictive Covenant
and Retention Plan, as may be amended from time to time.

2.14 "Pay"  means the base salary  plus bonus and other  incentive  compensation
earned in respect of any calendar year by the  Participant,  whether or not paid
to the Participant or waived or deferred by the Participant, excluding all other
forms of compensation, such as severance pay, contributions under benefit plans,
and the compensatory elements of stock awards.

2.15  "Percentage"  means  5% plus  2% per  Year of  Executive  Service,  unless
otherwise defined by the Participant's Senior Executive Restrictive Covenant and
Retention Plan Agreement.  Unless otherwise limited by the Participant's  Senior
Executive Restrictive Covenant and Retention Plan Agreement, in no event may the
Percentage exceed 35%.

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2.16 "Senior Executive  Restrictive Covenant and Retention Plan Agreement" means
a written agreement  containing terms and conditions that are deemed appropriate
by the Committee.

2.17  "Subsidiary"  means any  company in which the Company  holds,  directly or
indirectly, 50% or more of its outstanding voting stock.

2.18 "Year of Executive  Service" means each complete or partial Year of Service
during which the Participant was an Executive Officer.

2.19 "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 a member or  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 2.19(b) of the Plan.

            The Participant shall be in the employ of the Employer regardless of
absences by reason of:

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

      (b) 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  fifteen (15) days  following  cessation of work for such other
party.

ARTICLE III - COMPANY'S PAYMENT OBLIGATION CONDITIONAL ON
              PARTICIPANT REFRAINING FROM COMPETITIVE AND OTHER
              ACTIVITIES AFTER SEVERANCE OF EMPLOYMENT

3.1 It is a condition of the Company's  obligation  to make  payments  hereunder
that from the date of the  Participant's  employment  termination  described  in
Section 6.1 of the Plan 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
is entitled to receive payments hereunder:

      (a) that the Participant shall not, directly or indirectly, engage in, nor
become  employed as an employee or retained as a consultant by any of the top 15
marketing  services  organizations  as reported most recently by Advertising Age
(determined  at the time of  entering  into  the  Senior  Executive  Restrictive
Covenant and Retention Plan Agreement),  or any of such marketing organizations'
subsidiaries in the United States or any other country  ("Protected  Business");
provided,  that,  nothing  shall  prohibit  the  Participant  from,  directly or
indirectly,  engaging  in, or becoming  employed as an employee or retained as a
consultant, as described in Article IV or otherwise, by a member of the Employer
Group;

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      (b) that the Participant shall not employ (including to retain, engage, or
conduct business with) or attempt to employ (other than on behalf of a member of
the  Employer  Group) or assist  anyone  else to employ any person who is at the
time of the alleged prohibited  conduct, or was at any time during the preceding
year, an employee of a member of the Employer Group;

      (c) that the Participant  shall not make any oral or written  statement to
any person or entity which disparages in a material way the business  reputation
of the Company or any member of the Employer  Group or the top 50 clients of the
Employer Group; and

      (d) that the Participant  shall not willfully engage in any activity which
is materially harmful to the interests of the Employer Group.

      In the  event  that the  Committee  determines  that the  Participant  has
breached any of the  provisions of Subsections  (a) through (d) above,  it shall
give the Participant written notice thereof stating in detail the particular act
or  failures  that  constitute  such  breach and the  specific  action  that the
Committee requires the Participant to take to cure such alleged breach. Any such
notice  must be  given  within  ninety  (90)  days  after  the  Committee  first
determines  that such acts or failures  constitute a breach.  The Committee must
give the Participant a reasonable  opportunity to cure in all  circumstances  in
which it alleges that the  Participant  has breached  any of the  provisions  of
Subsections (a) through (d) above.  The Participant  shall have ninety (90) days
after  receiving  such notice to remedy such breach.  The  determination  of (i)
whether a business is in the top 15 marketing services organizations as reported
in Advertising Age, (ii) whether the Participant  employed,  attempted to employ
or assisted  anyone else to employ any  employee of the  Employer  Group,  (iii)
whether the Participant  made statements which disparages in a material way, and
(iv)  whether  the  Participant  willfully  engaged  in any  activity  which  is
materially harmful, shall be made by the Committee in good faith after a hearing
at which the  Participant  shall be entitled to be present  with  counsel of his
choice  and be  heard  by the  Committee,  and  any  such  determination  by the
Committee shall be final and conclusive.

3.2 Nothing herein  prohibits or restricts the Participant  from engaging in the
Protected Business in the geographic areas described in Subsection 3.1(a) of the
Plan,  employing,  attempting  to employ or assisting  anyone else to employ any
employee of a member of the Employer Group,  making disparaging  statements,  or
willfully engaging in activity which is harmful to the interests of the Employer
Group  (collectively   "Activities");   provided,  however,  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.

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ARTICLE IV - COMPANY'S PAYMENT OBLIGATION CONDITIONAL ON
             PARTICIPANT'S AVAILABILITY FOR ADVISORY AND
             CONSULTATIVE SERVICES AFTER SEVERANCE OF EMPLOYMENT

4.1 It is a further  condition  of the  Company's  obligation  to make  payments
hereunder  that  from  the  date  of the  Participant's  employment  termination
described  in  Section  6.1 of the  Plan  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 is 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 as an
advisor and  consultant  with respect to activities of the department or unit of
the Company'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  forty-five  (45) business days in the aggregate in
any one calendar year and for more than seven (7)  consecutive  business days in
any one  calendar  year,  and (ii)  during the period  from  December 15 through
January 15. Such advisory or consulting services shall be rendered at such times
and places as may be mutually  convenient to the Chief Executive  Officer of the
Company and the Participant.  The scheduling of the  Participant's  advisory and
consulting activities shall take into account his or her other business,  family
and  civic  commitments.   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.

            In the event that the Committee  determines that the Participant has
breached  any of the  provisions  of  Section  4.1  above,  it  shall  give  the
Participant  written  notice  thereof  stating in detail the  particular  act or
failures that  constitute such breach and the specific action that the Committee
requires the  Participant to take to cure such alleged  breach.  Any such notice
must be given within ninety (90) days after the Committee first  determines that
such  acts or  failures  constitute  a  breach.  The  Committee  must  give  the
Participant a reasonable  opportunity to cure in all  circumstances  in which it
alleges that the  Participant  has breached any of the provisions of Section 4.1
above.  The Participant  shall have ninety (90) days after receiving such notice
to remedy such breach. The determination of whether the Participant has violated
any  provision of Section 4.1 above shall be made by the Committee in good faith
after a hearing at which the  Participant  shall be entitled to be present  with
counsel of his choice and be heard by the Committee,  and any such determination
by the Committee shall be final and conclusive.

4.2 In the event the Participant chooses not to render advisory and consultative
services to the Company as  provided in Section 4.1 of the Plan,  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.

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ARTICLE V - PARTICIPATION

5.1 The Committee shall select, in its sole discretion,  those Employees who are
eligible to become Participants in the Plan.

5.2 An eligible  Employee  shall become a Participant in the Plan effective upon
the  Employee  executing  and  returning  to the  Company's  Secretary  a Senior
Executive Restrictive Covenant and Retention Plan Agreement.

ARTICLE VI - BENEFITS

6.1  Except  as  otherwise  set  forth  in the  Participant's  Senior  Executive
Restrictive   Covenant  and  Retention   Plan   Agreement,   in  the  event  the
Participant's employment with the Employer Group terminates for any reason after
the Participant has completed seven Years of Service, then 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 because of the death
of the  Participant,  each year,  for fifteen (15)  consecutive  calendar  years
commencing in the year determined under Section 6.2 of the Plan, an amount equal
to the lesser of (a) the product obtained by multiplying the Participant's Final
Average Pay by the Percentage; or (b) the Annual Cap.

6.2  Except  as  otherwise  set  forth  in the  Participant's  Senior  Executive
Restrictive Covenant and Retention Plan Agreement, the benefits to be paid under
Section  6.1 of the  Plan,  if any,  shall  commence  upon the  later of (a) the
Participant's  attainment of age 55 (subject to Section 6.3 of the Plan), or (b)
the  calendar  year  following  the  calendar  year in which  the  Participant's
employment is terminated with the Employer Group;  provided,  however,  that the
following exceptions apply:

            (i)   If the Participant's  employment is terminated  because of his
                  or her  Disability,  then  the  Participant's  benefits  shall
                  commence in the calendar  year  following the calendar year in
                  which such termination occurs;

            (ii)  If the  Participant  dies prior to receiving the first payment
                  of his or her  benefits,  then 100% of the benefits that would
                  have been paid to the Participant had the Participant lived to
                  receive  all  payments  shall  be paid to the  Beneficiary  in
                  annual  payments over the total number of calendar years as to
                  which the Company  would have been  obligated to make payments
                  hereunder to the Participant; and

            (iii) If the  Participant  dies after receiving the first payment of
                  his or her benefits,  but before the  Participant has received
                  all of the payments in respect of the total number of calendar
                  years as to which the Company is  obligated  to make  payments
                  hereunder ("Payment Period"),  the Company shall thereafter be
                  obligated to make annual  payments to the  Beneficiary  during
                  the  remainder  of the  Payment  Period,  equal to 100% of the
                  amount which the Company  would have been  obligated to pay to
                  the  Participant  had the  Participant  lived to  receive  all
                  payments.

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            (iv)  Notwithstanding any provision of the Plan to the contrary,  if
                  the  Participant  is a  "specified  employee"  for purposes of
                  Section  409A(a)(2)(B)(i)  of the Internal  Revenue Code, then
                  any distribution  made from the Plan to the Participant  shall
                  not be made prior to the date that is 6 months  after the date
                  that the Participant  terminates employment in accordance with
                  Section 6.1 of the Plan.

6.3 Payments  hereunder as a result of the  Participant  attaining  age 55 shall
commence as soon as practicable but no later than ninety (90) days following the
Participant's attainment of age 55 and subsequent payments shall be made in each
calendar year of payment following the Participant's attainment of age 55 during
the first  ninety (90) days of the subject  calendar  year.  Except as otherwise
provided herein, all payments under this Article shall be made by the Company in
each calendar  year of payment  during the first ninety (90) days of the subject
calendar year.

6.4 The Company may, at any time and from time to time,  seek to fund,  in whole
or in part, its obligation  under the Plan by applying for insurance on the life
of a  Participant.  Such  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 refuse to undergo such
physical  examination  the  Company  shall  have  the  right  to  terminate  its
obligation  under the Plan by giving written  notice of such  termination to the
Participant.

6.5 The amount payable hereunder by the Company in respect of the Payment Period
shall be conditioned on the Participant surrendering any rights he or she has to
receive payments to be made following  cessation of Participant's  employment to
the  Participant,  Beneficiary or other designee of the Participant  pursuant to
any  defined  benefit  pension  plan  sponsored  by one or more  members  of the
Employer Group regardless of whether such plan is qualified under Section 401(a)
of the Internal Revenue Code ("Post-Employment  Payments"). For purposes hereof,
Post-Employment  Payments shall not include any other type of payment  including
payments  under (i) a  profit-sharing  or savings plan which is qualified  under
Section 401(a) of the Internal  Revenue Code, (ii) a benefit plan,  other than a
defined benefit  pension plan, for the payor's  employees  generally  ("Employee
Benefit Plan"), (iii) a plan, other than a defined benefit pension plan, for the
payor's  executive  officers  approved  by the Company  that  augments a benefit
provided for in an Employee Benefit Plan, (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, and (v) social security benefits.

For purposes of clarifying the provisions of the Plan, including Article VI, the
Participant shall not be deemed an Employee solely by serving as a non-executive
member or Chairman of the Board (or any similar committee of any Employer).

ARTICLE VII - DESIGNATION AND IDENTITY OF BENEFICIARY

7.1 A 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.  A
Participant may change his or her designation of a

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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 the Plan.  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 2.1 of the Plan.

7.2 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,  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.

ARTICLE VIII - ADMINISTRATION

8.1 The Plan shall be  administered  by the  Committee.  A majority  vote of the
Committee  members  shall control any decision of the  Committee.  The Committee
shall have all powers necessary to administer the Plan, including the power to:

      (a) make and enforce such rules and  regulations as it deems  necessary or
proper for the administration of the Plan;

      (b) interpret the Plan, decide all questions  concerning the Plan (whether
of fact or otherwise)  and determine  the  eligibility  of any person to receive
payments  hereunder,  each in its sole discretion;  any such  interpretation  or
determination to be reviewed under an abuse of discretion standard;

      (c) appoint  such agents,  counsel,  accountants,  consultants,  and other
persons as may be required to assist in administering the Plan; and

      (d)  allocate  and  delegate  its  responsibilities  under the Plan and to
designate other persons to carry out any of its responsibilities under the Plan,
any such allocation, delegation or designation to be in writing.

8.2 The decision or action of the Committee with respect to any question arising
out of or in connection with the administration,  interpretation and application
of the Plan and the rules and regulations  promulgated hereunder shall be final,
conclusive and binding upon all persons having any interest in the Plan.

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8.3 The Company  shall  indemnify and hold harmless the members of the Committee
and the Board,  and any of its  delegates,  against  any and all  claims,  loss,
damage,  expense  or  liability  arising  from any action or failure to act with
respect to this Plan on account of such member's service on the Committee or the
Board,  or the service of such  delegate,  except where (i) his or her acts were
committed  in bad faith or were the result of his or her  active and  deliberate
dishonesty and were material to such action; or (ii) he or she personally gained
in fact a financial profit or other advantage to which he or she was not legally
entitled.

ARTICLE IX - CLAIMS PROCEDURE

9.1 If a Participant or Beneficiary  ("Claimant")  does not receive a benefit to
which the  Claimant  believes he or she is  entitled,  the  Claimant  may file a
written claim with the Committee.  The Claimant's claim will be processed by the
Committee within ninety (90) days (in special circumstances,  this period may be
extended for an additional  ninety (90) days by written notice to the Claimant).
If the Claimant's  claim is denied,  he or she will be notified in writing,  and
such notification will include the reasons for the denial,  specific  references
to pertinent  Plan  provisions,  a  description  of any  additional  material or
information  necessary  for the Claimant to perfect the claim,  together with an
explanation of why the material or  information is necessary,  and a description
of the Plan's claim review procedure,  described below, including a statement of
the  Claimant's  right to bring a civil  action  under the  Employee  Retirement
Income Security Act of 1974, as amended  ("ERISA")  Section 502(a)  following an
adverse benefit determination on review.

9.2 If the Claimant is  dissatisfied  with the  Committee's  determination,  the
Claimant  may  request,  in  writing,  a review by the Board of the  Committee's
determination.  The Claimant  also has the right to review and obtain  copies of
relevant  documents and to submit  issues and comments in writing.  The Claimant
must  request a claim  review  not later than sixty (60) days after the date the
Claimant  receives the Committee's  notification.  The Board's review shall take
into account all comments,  documents,  records, and other information submitted
by the Claimant related to the claim, without regard to whether such information
was submitted or considered by the Committee.

9.3 Within  sixty (60) days of receipt of a request  for review of the  disputed
claim (in special  circumstances,  120 days, by written notice to the Claimant),
the Board will  review the claim and advise the  Claimant,  in  writing,  of its
determination.  The writing will  include the reasons for the Board's  decision,
specific references to pertinent Plan provisions,  a statement that the Claimant
is entitled to receive reasonable access to and copies of all documents, records
and other  information  relevant to the claim, and a statement of the Claimant's
right to bring a civil action under ERISA Section 502(a).  The Board's  decision
shall be final and conclusive.

ARTICLE X - TERMINATION, SUSPENSION OR AMENDMENT

10.1 The Committee may, in its sole discretion, terminate or suspend the Plan at
any time, in whole or in part. The Committee may, in its sole discretion,  amend
the Plan or a Participant's Senior Executive  Restrictive Covenant and Retention
Plan  Agreement  at any  time,  and  from  time to  time,  for any  reason.  Any
amendment,  termination or suspension shall be in writing. Except as provided in
Section 1.3 of the Plan, no amendment, termination, or suspension may adversely

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affect the benefits or rights of a  Participant  arising  under the terms of the
Plan or a Senior Executive  Restrictive Covenant and Retention Plan Agreement in
a material manner without the consent of such Participant.

ARTICLE XI - MISCELLANEOUS

11.1 This Plan is an unfunded  plan  maintained  primarily  to provide  deferred
compensation  benefits for a select group of  management  or  highly-compensated
employees  within the  meaning  of  Sections  201,  301,  and 401 of ERISA,  and
therefore is exempt from the provisions of Parts 2, 3 and 4 of Title I of ERISA.

11.2 With respect to rights and benefits derived from the existence of the Plan,
Participants  shall be  unsecured  general  creditors  of the  Company,  with no
secured or  preferential  right to any assets of the  Company or any other party
for payment of benefits  under this Plan.  Any property  held by the Company for
the purpose of generating  the cash flow for benefit  payments  shall remain its
general, unpledged and unrestricted assets.

11.3 The Company shall be responsible  for the payment of all benefits  provided
under the Plan. At its discretion, the Company may establish one or more trusts,
with such  trustees as the Board may approve,  for the purpose of providing  for
the payment of such benefits.  Although such a trust shall be  irrevocable,  its
assets shall be held for payment of all the Company's  general  creditors in the
event of insolvency. To the extent any benefits provided under the Plan are paid
from any such trust,  the Company shall have no further  obligation to pay them.
If not paid from the trust,  such  benefits  shall remain the  obligation of the
Company.

11.4 The Company shall withhold from payments hereunder any taxes required to be
withheld from such payments under applicable  local,  state or federal law. 11.5
The right of a  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.  If at the time the Company is to make a payment to a Participant
or  Beneficiary  hereunder the  Participant  or  Beneficiary  is not entitled to
receive such payment by reason of  non-compliance  with the  provisions  of this
Section 11.5, the obligation of the Company to make such payment shall forthwith
terminate.

11.6 Any payment to be made by the Company to a person under the age of 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.  The Company may delay 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.

11.7 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.

                                       10
<PAGE>

11.8  Except  as  preempted  by ERISA,  the  provisions  of this  Plan  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.

11.9 If any  provision  of this Plan shall be held  illegal  or invalid  for any
reason,  said  illegality  or invalidity  shall not affect the  remaining  parts
hereof,  and this Plan shall be  construed  and  enforced as if such illegal and
invalid provision had never been inserted herein.

11.10 The failure of any party to insist upon  strict  adherence  to any term of
the  Plan  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 the Plan.

11.11 The  provisions  of this Plan shall  bind and inure to the  benefit of the
Company  and its  successors  and  assigns,  and to the  Participants  and their
representatives,  heirs and estate.  The term  successors  as used herein  shall
include any corporate or other business  entity which shall,  whether by merger,
consolidation,  purchase or otherwise  acquire all or  substantially  all of the
business and assets of the Company,  and  successors of any such  corporation or
other business entity.

                                       11Exhibit 10.2

                               Omnicom Group Inc.
            Senior Executive Restrictive Covenant and Retention Plan.

                             Form of Award Agreement

      THIS AWARD AGREEMENT (this "Agreement"), is entered into as of the     day
of               ,   (the "Effective Date"), by and between Omnicom Group Inc.,
a New York corporation (the "Company"), and                    ("Executive").

                                   WITNESSETH:

      WHEREAS, Executive is presently employed by the Company in a key executive
position  and  possesses   substantial  talent,   ability  and  unique  business
experience which has been and will continue to be of great value to the Company;
and

      WHEREAS,  the Company has adopted the Omnicom Group Inc. Senior  Executive
Restrictive  Covenant  and  Retention  Plan  attached  hereto as  Exhibit A (the
"Plan")  to  secure  non-competition,  non-solicitation,  non-disparagement  and
consulting  agreements with its key executives for a significant period of time,
and  strengthen  the  retention  aspects  of the total  compensation  of its key
executives; and

      WHEREAS,  the Committee has selected  Executive to be a Participant in the
Plan.

      NOW, THEREFORE, the Company and Executive hereby agree to the terms of the
Agreement as follows:

      1.  Definitions.  All  capitalized  terms used in this  Agreement  without
definition shall have the meanings ascribed in the Plan.

      2.  Incorporation of Terms of Plan. This Agreement is subject to the terms
and conditions of the Plan which are  incorporated  herein by reference.  In the
event of any inconsistency between the Plan and this Agreement, the terms of the
Plan shall control.

      3. Benefit.  In  consideration  of Executive's  agreement to remain in the
service or employ of the Company or one of its Subsidiaries,  and for other good
and  valuable  consideration,  including  but not limited to the  compliance  by
Executive  with  Articles  III  and IV of the  Plan,  as of the  Effective  Date
Executive  shall be entitled to receive a benefit  under Article VI of the Plan,
subject to and in accordance with the terms of the Plan.

      4. Not a Contract of Employment.  Nothing in this Agreement or in the Plan
shall  confer  upon  Executive  any right to continue to serve as an employee or
other service provider of the Company or any of its Subsidiaries.

      6. Governing  Law.  Except as exempted by the Employee  Retirement  Income
Security Act of 1974, as amended, the laws of the State of New York shall govern
the interpretation, validity, administration, enforcement and performance of the
terms of this  Agreement  regardless  of the law that  might  be  applied  under
principles of conflicts of laws.

      7. Amendment,  Termination and Suspension.  To the extent permitted by the
Plan, this Agreement may be wholly or partially amended, terminated or suspended
at any time or from time

<PAGE>

to time by the Committee, provided, that, except as may otherwise be provided by
the Plan,  no amendment,  termination  or  suspension  of this  Agreement  shall
adversely affect the benefits or rights of Executive  arising under the terms of
the  Plan  or this  Agreement  in a  material  manner  without  the  consent  of
Executive.

      8. Entire  Agreement.  The Plan and this  Agreement  constitute the entire
agreement of the parties and supersede in their entirety all prior  undertakings
and  agreements of the Company and Executive  with respect to the subject matter
hereof.

      9. Section 409A.  Notwithstanding  any other provision of the Plan or this
Agreement,  the Plan and this Agreement shall be interpreted in accordance with,
and incorporate  the terms and conditions  required by, Section 409A of the U.S.
Internal  Revenue Code of 1986,  as amended  (together  with any  Department  of
Treasury   regulations  and  other  interpretive   guidance  issued  thereunder,
including without  limitation any such regulations or other guidance that may be
issued  after the date  hereof,  "Section  409A").  The  Committee  may,  in its
discretion,  adopt such  amendments to the Plan or this Agreement or adopt other
policies and procedures  (including  amendments,  policies and  procedures  with
retroactive  effect), or take any other actions, as the Committee determines are
necessary or appropriate to comply with the requirements of Section 409A.

      IN WITNESS  WHEREOF,  as of the Effective  Date,  the parties  hereto have
executed this Agreement.

                                               OMNICOM GROUP INC.

                                               By: _____________________________
                                                   Name:
                                                   Title:

                                               EXECUTIVE

                                               _________________________________
                                               Name:

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