AMENDMENT NO. 3Lazard LTD • May 3rd, 2012 • Investment advice • New York
AMENDMENT NO. 3 (this “Amendment”) dated as of March 31, 2012 among LAZARD GROUP LLC (the “Company”), the Banks executing this Amendment, each of which is a party to the Credit Agreement referred to below, and Citibank, N.A., as Administrative Agent (the “Administrative Agent”).
STOCK UNIT AND RESTRICTED STOCK AGREEMENT among LAZARD LTD and Dated as ofStock Unit Agreement and Restricted Stock Agreement • May 3rd, 2012 • Lazard LTD • Investment advice • New York
STOCK UNIT AGREEMENT AND RESTRICTED STOCK AGREEMENT dated as of , between Lazard Ltd, a Bermuda exempted company (the “Company”), on behalf of its applicable Affiliate (as defined under the definitional rules of Section 1.01(a) below), and (the “Employee”).
Mr. Gary W. Parr Lazard Frères & Co. LLC New York, NY 10020 Dear Mr. Parr:Lazard LTD • May 3rd, 2012 • Investment advice
This letter (the “Amendment”) will confirm our understanding regarding certain terms that will be applicable to your compensation for 2011, as well as your entitlement to awards to be granted in 2012 and 2013. Reference is hereby made to the letter agreement, dated as of April 21, 2010, between you and Lazard Group LLC (“Lazard”), which amended and restated the letter agreement, dated as of September 3, 2008, between you and Lazard regarding your employment with Lazard and which set forth your right to guaranteed annual compensation of no less than $10,000,000 for each of 2009 through 2012, subject to certain terms and conditions (the 2010 letter agreement, the “Letter Agreement”). The parties desire to amend the Letter Agreement to reduce the portion of guaranteed annual compensation that is payable to you in cash and in the aggregate for 2011 under the Letter Agreement and to provide for the grant of equity awards in 2012 and 2013, as set forth below. All capitalized terms used in th
