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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 5/02/23 Lazard Ltd. 10-Q 3/31/23 115:19M ActiveDisclosure/FA |
Document/Exhibit Description Pages Size
1: 10-Q Quarterly Report HTML 5.15M
2: EX-10.1 Material Contract HTML 433K
3: EX-10.13 Material Contract HTML 42K
4: EX-10.16 Material Contract HTML 42K
5: EX-10.26 Material Contract HTML 89K
6: EX-10.27 Material Contract HTML 89K
7: EX-31.1 Certification -- §302 - SOA'02 HTML 36K
8: EX-31.2 Certification -- §302 - SOA'02 HTML 36K
9: EX-32.1 Certification -- §906 - SOA'02 HTML 32K
10: EX-32.2 Certification -- §906 - SOA'02 HTML 32K
16: R1 Document and Entity Information HTML 88K
17: R2 Condensed Consolidated Statements of Financial HTML 156K
Condition
18: R3 Condensed Consolidated Statements of Financial HTML 60K
Condition (Parenthetical)
19: R4 Condensed Consolidated Statements of Operations HTML 139K
(Unaudited)
20: R5 Condensed Consolidated Statements of Comprehensive HTML 74K
Income
21: R6 Condensed Consolidated Statements of Comprehensive HTML 37K
Income (Parenthetical)
22: R7 Condensed Consolidated Statements of Cash Flows HTML 123K
23: R8 Condensed Consolidated Statements of Cash Flows HTML 44K
(Parenthetical)
24: R9 Condensed Consolidated Statement of Changes in HTML 116K
Stockholders' Equity and Redeemable Noncontrolling
Interest
25: R10 Condensed Consolidated Statement of Changes in HTML 36K
Stockholders' Equity and Redeemable Noncontrolling
Interest (Parenthetical)
26: R11 Organization and Basis of Presentation HTML 54K
27: R12 Revenue Recognition HTML 75K
28: R13 Receivables and Allowance for Credit Losses HTML 58K
29: R14 Investments HTML 98K
30: R15 Fair Value Measurements HTML 604K
31: R16 Derivatives HTML 243K
32: R17 Property, Net HTML 78K
33: R18 Goodwill and Other Intangible Assets HTML 71K
34: R19 Senior Debt HTML 134K
35: R20 Commitments and Contingencies HTML 39K
36: R21 Stockholders' Equity and Redeemable Noncontrolling HTML 263K
Interests
37: R22 Incentive Plans HTML 239K
38: R23 Employee Benefit Plans HTML 77K
39: R24 Income Taxes HTML 39K
40: R25 Net Income Per Share of Common Stock HTML 93K
41: R26 Related Parties HTML 42K
42: R27 Regulatory Authorities HTML 39K
43: R28 Segment Information HTML 127K
44: R29 Consolidated VIEs HTML 73K
45: R30 Cost Saving Initiatives HTML 36K
46: R31 Organization and Basis of Presentation (Policies) HTML 126K
47: R32 Revenue Recognition (Tables) HTML 69K
48: R33 Receivables and Allowance for Credit Losses HTML 54K
(Tables)
49: R34 Investments (Tables) HTML 95K
50: R35 Fair Value Measurements (Tables) HTML 598K
51: R36 Derivatives (Tables) HTML 245K
52: R37 Property, Net (Tables) HTML 76K
53: R38 Goodwill and Other Intangible Assets (Tables) HTML 74K
54: R39 Senior Debt (Tables) HTML 126K
55: R40 Stockholders' Equity and Redeemable Noncontrolling HTML 260K
Interests (Tables)
56: R41 Incentive Plans (Tables) HTML 225K
57: R42 Employee Benefit Plans (Tables) HTML 71K
58: R43 Net Income Per Share of Common Stock (Tables) HTML 91K
59: R44 Segment Information (Tables) HTML 116K
60: R45 Consolidated VIEs (Tables) HTML 75K
61: R46 Organization and Basis of Presentation - HTML 74K
Additional Information (Detail)
62: R47 Revenue Recognition - Representation of HTML 46K
Performance Obligations Relate to Nature, Amount,
Timing and Uncertainty of Revenue and Cash Flows
(Detail)
63: R48 Receivables and Allowance for Credit Losses - HTML 40K
Schedule of Allowance for Credit Losses (Detail)
64: R49 Receivables and Allowance for Credit Losses - HTML 40K
Additional Information (Detail)
65: R50 Investments - Company's Investments and Securities HTML 57K
Sold, Not Yet Purchased (Detail)
66: R51 Investments - Company's Investments and Securities HTML 46K
Sold, Not Yet Purchased (Parenthetical) (Detail)
67: R52 Investments - Additional Information (Detail) HTML 39K
68: R53 Investments - Schedule of Equity Securities and HTML 34K
Trading Debt Securities Net Unrealized Investment
Gains and Losses (Detail)
69: R54 Fair Value Measurements - Schedule of HTML 90K
Classification of Investments and Certain Other
Assets and Liabilities Measured at Fair Value on
Recurring Basis and Investments Measured at NAV
(Detail)
70: R55 Fair Value Measurements - Summary of Changes in HTML 73K
Fair Value of Company's Level 3 Assets and
Liabilities (Detail)
71: R56 Fair Value Measurements - Summary of Changes in HTML 42K
Fair Value of Company's Level 3 Assets and
Liabilities (Parenthetical) (Detail)
72: R57 Fair Value Measurements - Additional Information HTML 42K
(Detail)
73: R58 Fair Value Measurements - Fair Value of Certain HTML 78K
Investments Based on NAV (Detail)
74: R59 Fair Value Measurements - Fair Value of Certain HTML 38K
Investments Based on NAV (Parenthetical) (Detail)
75: R60 Derivatives - Fair Values of Derivatives Reported HTML 79K
on Condensed Consolidated Statements of Financial
Condition (Detail)
76: R61 Derivatives - Net Gains (Losses) with Respect to HTML 48K
Derivative Instruments Not Designated as Hedging
Instruments (Detail)
77: R62 Property, Net - Components of Property (Detail) HTML 57K
78: R63 Goodwill and Other Intangible Assets - Components HTML 40K
of Goodwill and Other Intangible Assets (Detail)
79: R64 Goodwill and Other Intangible Assets - Additional HTML 44K
Information (Detail)
80: R65 Goodwill and Other Intangible Assets - Changes in HTML 41K
Carrying Amount of Goodwill (Detail)
81: R66 Senior Debt - Senior Debt (Detail) HTML 64K
82: R67 Senior Debt - Senior Debt (Parenthetical) (Detail) HTML 49K
83: R68 Senior Debt - Additional Information (Detail) HTML 56K
84: R69 Commitments and Contingencies - Additional HTML 37K
Information (Detail)
85: R70 Stockholders' Equity and Redeemable Noncontrolling HTML 43K
Interests - Schedule of Share Repurchase
Authorized by Board of Directors (Detail)
86: R71 Stockholders' Equity and Redeemable Noncontrolling HTML 37K
Interests - Schedule of Shares Repurchased Under
the Share Repurchase Program (Detail)
87: R72 Stockholders' Equity and Redeemable Noncontrolling HTML 65K
Interests - Additional Information (Detail)
88: R73 Stockholders' Equity and Redeemable Noncontrolling HTML 74K
Interests - Accumulated Other Comprehensive Income
(Loss), Net of Tax (Detail)
89: R74 Stockholders' Equity and Redeemable Noncontrolling HTML 45K
Interests - Adjustments for Items Reclassified Out
of AOCI (Detail)
90: R75 Stockholders' Equity and Redeemable Noncontrolling HTML 54K
Interests - Net Income (Loss) Attributable to
Noncontrolling Interests (Detail)
91: R76 Incentive Plans - Additional Information (Detail) HTML 111K
92: R77 Incentive Plans - Summary of Impact of Share-Based HTML 45K
Incentive Plans on Compensation and Benefits
Expense (Detail)
93: R78 Incentive Plans - Schedule of Activity Relating to HTML 60K
RSUs and DSUs (Detail)
94: R79 Incentive Plans - Schedule of Activity Relating to HTML 36K
RSUs and DSUs (Parenthetical) (Detail)
95: R80 Incentive Plans - Summary of Activity Related to HTML 55K
RSAs (Detail)
96: R81 Incentive Plans - Summary of Activity Related to HTML 35K
RSAs (Parenthetical) (Detail)
97: R82 Incentive Plans - Summary of Activity Relating to HTML 40K
PRSUs (Detail)
98: R83 Incentive Plans - Summary of Activity Relating to HTML 52K
PIPRs, including PRPUs (Detail)
99: R84 Incentive Plans - Summary of Activity Relating to HTML 50K
PIPRs, including PRPUs (Parenthetical) (Detail)
100: R85 Incentive Plans - Summary of LFI and Other Similar HTML 58K
Deferred Compensation Arrangements (Detail)
101: R86 Incentive Plans - Summary of Impact of LFI and HTML 38K
Other Similar Deferred Compensation Arrangements
(Detail)
102: R87 Employee Benefit Plans - Components of Net HTML 60K
Periodic Benefit Cost (Credit) (Detail)
103: R88 Income Taxes - Additional Information (Detail) HTML 41K
104: R89 Net Income Per Share of Common Stock - Company's HTML 84K
Basic and Diluted Net Income Per Share and
Weighted Average Shares Outstanding (Detail)
105: R90 Related Parties - Additional Information (Detail) HTML 63K
106: R91 Regulatory Authorities - Additional Information HTML 55K
(Detail)
107: R92 Segment Information - Segment's Contribution with HTML 62K
Respect to Net Revenue, Operating Expenses,
Operating Income (Loss) and Total Assets (Detail)
108: R93 Consolidated VIEs - Additional Information HTML 37K
(Detail)
109: R94 Consolidated VIEs - Summary of Consolidated VIE HTML 68K
Assets and Liabilities (Detail)
110: R95 Cost-Saving Initiatives - Additional Information HTML 49K
(Detail)
113: XML IDEA XML File -- Filing Summary XML 216K
111: XML XBRL Instance -- laz-10q_20230331_htm XML 5.08M
112: EXCEL IDEA Workbook of Financial Reports XLSX 206K
12: EX-101.CAL XBRL Calculations -- laz-20230331_cal XML 223K
13: EX-101.DEF XBRL Definitions -- laz-20230331_def XML 1.03M
14: EX-101.LAB XBRL Labels -- laz-20230331_lab XML 1.67M
15: EX-101.PRE XBRL Presentations -- laz-20230331_pre XML 1.40M
11: EX-101.SCH XBRL Schema -- laz-20230331 XSD 292K
114: JSON XBRL Instance as JSON Data -- MetaLinks 569± 952K
115: ZIP XBRL Zipped Folder -- 0001564590-23-006915-xbrl Zip 547K
Exhibit 10.13
Mr. Ashish Bhutani
12 East 13th Street
Apartment 9
Dear Ashish:
This consulting agreement sets forth the terms upon which you shall be retained by Lazard Asset Management llc (the “Company”) to provide consulting services to the Company as an independent contractor. You shall have the title of Senior Advisor.
1.Term. The term of this consulting agreement shall be for a period extending from January 1, 2023 (the “Effective Date”) until March 31, 2023 (the “Expiration Date”), unless earlier terminated by you or the Company. The consulting relationship between you and the Company may be terminated at any time for any reason. The period of time from the Effective Date through the Expiration Date or, if earlier, the date on which you cease providing services to the Company is herein referred to as the “Term”.
2.Services. During the Term, you shall provide consulting services to the Company regarding strategic matters on the terms and subject to the conditions of this consulting agreement. You agree that you will obtain advance written approval from Scott Hoffman before providing services to or becoming engaged by any other individual or entity.
3.Compensation and Related Matters. (a) Fee. For all services rendered pursuant to this consulting agreement during the Term, you shall be paid independent consultant fees at the rate of $10,000 per month, which shall be paid monthly in arrears.
(b) Tax Matters. To the extent consistent with applicable law, the Company shall not withhold or deduct from any amounts payable under this consulting agreement any amount or amounts in respect of income taxes or other employment taxes of any other nature on your behalf. You will be issued a Form 1099. You shall be solely responsible for the payment of any federal, state, local or other income and/or self-employment taxes in respect of the amounts payable to you under this consulting agreement.
4.Independent Contractor Status During the Term. (a) It is understood by the parties hereto that you shall at all times during the Term be an independent contractor with respect to the Company and there shall not be implied any relationship of employer-employee, partnership, joint venture, principal and agent or the like by the agreements contained herein.
(b)You shall not have any authority to act as an agent of the Company or its affiliates, except on authority specifically so delegated in a prior writing from a duly authorized officer of the Company or one of its affiliates, and you shall not represent to the contrary to any person. You shall
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not have or claim to have, under any circumstances, power of decision hereunder to obligate, bind or commit the Company in any respect. You shall not (i) make any management decisions on behalf of the Company or (ii) undertake to commit the Company to any course of action in relation to third persons. Although the Company may specify the results it desires you to achieve during the Term and may control and direct you in that regard, the Company shall not exercise or have the power to exercise such level of control over you as would indicate or establish that a relationship of employer and employee exists between the Company and you. Subject to the terms of this consulting agreement, you shall have full and complete control over the manner and method of rendering independent contractor services hereunder.
5.Miscellaneous. (a) Amendment. This consulting agreement may not be altered, modified or amended except by written instrument signed by the parties hereto. The terms of this consulting agreement may not be amended orally.
(b)Representation. You hereby represent to the Company that the execution and delivery of this consulting agreement by you and the Company and your performance of your duties hereunder shall not constitute a breach of, or otherwise contravene, or be prevented, interfered with or hindered by, the terms of any employment agreement or other agreement or policy to which you are a party or otherwise bound. In addition, you acknowledge and agree that you will be subject to the Company’s policies and procedures, including with respect to the use of confidential information, limitations on personal securities trading and disclosures regarding your other business activities and associations (e.g., directorships). Further, you acknowledge that you remain subject to continued compliance with any restrictive covenants contained in the award agreements governing your outstanding equity compensation or deferred awards in accordance with their respective terms.
(c)Other Agreements; Integration. On March 31, 2022, you entered into an agreement with Lazard Ltd (the “Letter Agreement”) relating to the Retention and Noncompetition and Other Covenants, dated as of March 29, 2019, by and among you, Lazard Ltd and Lazard Group LLC. Nothing herein shall modify your rights and obligations pursuant to the Letter Agreement, which shall remain in full force and effect in accordance with its terms. Except as provided by the Letter Agreement, your rights and obligations shall in all respects be governed by the terms of this consulting agreement, and you acknowledge and agree that this consulting agreement contains the complete understanding and agreement between you and the Company concerning your provision of consulting services to the Company, your compensation therefor and the other matters covered herein. You represent and warrant that, in accepting this consulting assignment, you are not relying on any representations to you by the Company regarding this consulting assignment or the terms and conditions of your anticipated consulting assignment except as expressly set forth in this consulting agreement. You may accept this consulting agreement, and it shall become a binding agreement between you and the Company, by returning an executed copy of this consulting agreement to me. You should retain a copy for your files.
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Please do not hesitate to contact me at * if you have any questions.
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Very truly yours, |
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LAZARD FRERES & CO. LLC |
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By: |
/s/ Scott D. Hoffman |
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General Counsel and Chief Administrative Officer of Lazard Ltd |
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AGREED TO AND ACCEPTED: |
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/s/ Ashish Bhutani |
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| This ‘10-Q’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 5/2/23 | 144 | ||
| For Period end: | 3/31/23 | |||
| 1/1/23 | ||||
| 3/31/22 | 10-Q, 8-K | |||
| 3/29/19 | 8-K | |||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/26/24 Lazard, Inc. 10-Q 3/31/24 107:11M Workiva Inc Wde… FA01/FA 2/23/24 Lazard, Inc. 10-K 12/31/23 147:19M Workiva Inc Wde… FA01/FA 2/02/24 Lazard, Inc. S-8 POS 2/02/24 5:93K Donnelley … Solutions/FA 2/02/24 Lazard, Inc. POSASR 2/02/24 4:309K Donnelley … Solutions/FA 2/02/24 Lazard, Inc. S-8 POS 2/02/24 5:93K Donnelley … Solutions/FA 2/02/24 Lazard, Inc. S-8 POS 2/02/24 5:93K Donnelley … Solutions/FA 2/02/24 Lazard, Inc. S-8 POS 2/02/24 5:93K Donnelley … Solutions/FA 2/02/24 Lazard, Inc. S-8 POS 2/02/24 5:93K Donnelley … Solutions/FA 2/02/24 Lazard, Inc. S-4 POS 2/02/24 3:101K Donnelley … Solutions/FA 11/29/23 Lazard Ltd. 424B3 2:483K Donnelley … Solutions/FA 11/27/23 Lazard Ltd. S-4/A 2:571K Donnelley … Solutions/FA 11/13/23 Lazard Ltd. S-4 5:599K Donnelley … Solutions/FA 10/27/23 Lazard Ltd. 10-Q 9/30/23 108:13M Workiva Inc Wde… FA01/FA 7/31/23 Lazard Ltd. 10-Q 6/30/23 108:13M Workiva Inc Wde… FA01/FA |