Exhibit 10.14

EXECUTION COPY

October 30, 2017

Mr. Scott D. Hoffman

Lazard Frères & Co. LLC

30 Rockefeller Plaza

New York, NY 10020

Re: Amendment to Retention Agreement to Reflect Chief Administrative Officer
Position

Dear Mr. Hoffman:

In connection with your appointment as Chief Administrative Officer of Lazard
Ltd (“Lazard”) and Lazard Group LLC (“Lazard Group”), effective July 26, 2017,
Lazard, Lazard Group and you desire to amend the Amended and Restated Agreement
Relating to Retention and Noncompetition and Other Covenants, dated as of March
9, 2016, by and among Lazard, Lazard Group and you (the “Retention Agreement”)
to reflect such new position.  Accordingly, Lazard, Lazard Group and you hereby
agree that, effective as of the date hereof, clause (i) of Section 3(b) of the
Retention Agreement shall be amended to read as follows:  “(i) serve as the
General Counsel of Lazard and Lazard Group and as the Chief Administrative
Officer of Lazard and Lazard Group, with such authority, duties and
responsibilities as are consistent with the authority, duties and
responsibilities exercised by the Executive on October 30, 2017,”.

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
Retention Agreement, all of which shall continue in full force and effect.

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Very truly yours,

 

LAZARD LTD,

 

by

/s/ Kenneth M. Jacobs

Name:

Kenneth M. Jacobs

Title:

Chairman and Chief Executive Officer

 

 

LAZARD GROUP LLC,

 

 

by

/s/ Kenneth M. Jacobs

Name:

Kenneth M. Jacobs

Title:

Chairman and Chief Executive Officer

 

 

 

 

AGREED TO AND ACCEPTED:

 

 

/s/ Scott D. Hoffman

 

Scott D. Hoffman

 

 

 

Date:  October 30, 2017