Lazard Group LLC - FORM 10-Q - EX-10.24 - SECOND AMENDMENT TO THE AGREEMENT RELATING TO RETENTION - SCOTT D. HOFFMAN - April 29, 2011

Attached files

file filename
10-Q - FORM 10-Q - Lazard Group LLCd10q.htm
EX-31.1 - RULE 13A-14(A) CERTIFICATION OF KENNETH M. JACOBS - Lazard Group LLCdex311.htm
EX-31.2 - RULE 13A-14(A) CERTIFICATION OF MATTHIEW BUCAILLE - Lazard Group LLCdex312.htm
EX-32.1 - SECTION 1350 CERTIFICATION OF KENNETH M. JACOBS - Lazard Group LLCdex321.htm
EX-12.1 - COMPUTATION FO RATIO OF EARNINGS TO FIXED CHARGES - Lazard Group LLCdex121.htm
EX-10.54 - FORM OF AGREEMENT EVIDENCING A GRANT OF LAZARD FUND INTERESTS - Lazard Group LLCdex1054.htm
EX-10.31 - FIRST AMENDMENT TO THE AGREEMENT RELATING TO RETENTION - MATTHIEU BUCAILLE - Lazard Group LLCdex1031.htm
EX-10.30 - AGREEMENT RELATING TO RETENTION AND NONCOMPETITION - MATTHIEU BUCAILLE - Lazard Group LLCdex1030.htm
EX-10.15 - AMENDMENT DATED FEBRUARY 16, 2011 TO THE LEASE DATED JANUARY 27, 1994 - Lazard Group LLCdex1015.htm
EX-32.2 - SECTION 1350 CERTIFICATION OF MATTHIEW BUCAILLE - Lazard Group LLCdex322.htm

Exhibit 10.24

Lazard Group LLC

February 23, 2011                        

Mr. Scott D. Hoffman

Lazard Frères & Co. LLC

30 Rockefeller Plaza

New York, NY 10020

Re: Amendment to Retention Agreement to Extend its Term

Dear Mr. Hoffman,

As you are aware, certain provisions of the Agreement Relating to Retention and Noncompetition and Other Covenants, dated as of May 4, 2005 and amended as of May 7, 2008, by and among Lazard Group LLC, Lazard Ltd and you (the “Agreement”) will expire pursuant to the terms of the Agreement on March 31, 2011. Lazard Group LLC, Lazard Ltd and you wish to extend such provisions so that they expire on March 23, 2013, contemporaneously with similar provisions applicable to certain other executive officers of Lazard Group LLC and Lazard Ltd.

Accordingly, Lazard Group LLC, Lazard Ltd and you hereby agree that:

 

  1. References to March 31, 2011. All references to March 31, 2011 in the Agreement are hereby replaced with references to March 23, 2013.

 

  2. Full Force and Effect. Except as specifically set forth herein, this letter amendment shall not, by implication or otherwise, alter, amend or modify in any way any terms of the Agreement, all of which shall continue in full force and effect.

 

Very truly yours,

 

LAZARD GROUP LLC,

by   /s/ Kenneth M. Jacobs
 

Name:

Title:

 

LAZARD LTD,
by   /s/ Kenneth M. Jacobs
 

Name:

Title:

 

AGREED TO AND ACCEPTED:
/s/ Scott D. Hoffman

Scott D. Hoffman

Date: February 23, 2011

Lazard Group LLC Reports

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