Cooperation With Respect to Taxes. Lazard shall use its reasonable efforts to structure the Transactions in a manner that does not result in any material tax to the Executive (that the Executive would not have incurred in the absence of the Transactions) upon the exchange of the Class A-2 Interests into Exchangeable Interests or other exchange of Class A-2 Interests into HoldCo Interests, it being understood that this shall not be a commitment to maintain the current tax treatment or benefits applicable to the Executive.
Appears in 15 contracts
Samples: Retention and Noncompetition Agreement (LAZ-MD Holdings LLC), Retention and Noncompetition Agreement (Lazard LTD), Agreement Relating to Retention and Noncompetition and Other Covenants (Lazard Group LLC)
