Exhibit 10.19





BLACKROCK, INC. INVOLUNTARY DEFERRED


COMPENSATION PLAN





BlackRock, Inc. and its subsidiaries have established the BlackRock, Inc. Involuntary Deferred Compensation
Plan for the purpose of providing deferred compensation and retention incentives to a select group of management or highly compensated employees as described in Section 201(2) of the Employee Retirement Income Security Act of 1974, as amended.





Article 1.    Definitions





|1.1 |  | Affiliate has the meaning set forth in Rule 12b-2 promulgated under Section 12 of the Exchange Act.
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|1.2 |  | Board means the Board of Directors of BlackRock, Inc.
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|1.3 |  | Bonus means the annual performance bonus payable by the Company or an Affiliate of the Company to a Participant in respect of a Plan Year.
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|1.4 |  | Cause means the occurrence or existence of any of the following with respect to the Participant: (i) a material breach by the Participant of any written
policies of the Company or an Affiliate of the Company required by law or established to maintain compliance with applicable law; (ii) any act of fraud, misappropriation, dishonesty, embezzlement or similar conduct by the Participant against the
Company or an Affiliate of the Company or any client of the Company or an Affiliate of the Company; (iii) conviction (including a plea of nolo contendere) of the Participant for the commission of a felony that could, in the
Companys reasonable judgment, impair the Participant s ability to perform his or her duties or adversely affect the Companys or any of its Affiliates businesses or reputations; or (iv) entry of any order against the
Participant by any governmental body having regulatory authority with respect to the Companys or its Affiliates business, which order relates to or arises out of the Participant s employment or service relationship with the Company
or an Affiliate of the Company. A determination of Cause may be made only by the Companys chief executive officer and a majority of the members of the Management Committee (excluding the Participant, if applicable).
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|1.5 |  | Code means the Internal Revenue Code of 1986, as it may from time to time be amended or supplemented.
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|1.6 |  | Committee means the Companys Management Committee.
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|1.7 |  | Company means BlackRock, Inc., a corporation organized under the laws of Delaware, or any successor corporation.
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|1.8 |  | Compensation means the salary and Bonus payable to an eligible individual by the Company or an Affiliate of the Company with respect to a Plan Year.
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|1.9 |  | Deferred Amount shall have the meaning ascribed to that term in Section 5.1.
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|1.10 |  | Deferred Compensation Account means the book-keeping entry account maintained by the Company for each Participant that reflects Deferred Compensation
Amounts, Matching Contributions, Investment Income Amounts and adjustments (including distributions).
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|1.11 |  | Deferred Compensation Amount means the percentage of the Bonus which may be mandatorily deferred under Section 2.1.
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|1.12 |  | Disability means the Participants physical or mental incapacity constituting disability in accordance with the Companys long-term disability
policy which in any event does or is reasonably expected to continue for at least 6 months, as determined by the Committee.
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|1.13 |  | Employer means the Affiliate of the Company which employs the Participant.
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|1.14 |  | Exchange Act means the Securities Exchange Act of 1934, as amended from time to time.
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|1.15 |  | Investment Funds means the tracking investments that are from time to time offered under the Plan, as chosen in the sole discretion of the Committee.
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|1.16 |  | Investment Income Amount means any and all notional earnings (gains and/or losses) on Deferred Compensation Amounts and Matching Contributions during the
applicable vesting period set forth in Article 3.
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|1.17 |  | Matching Contribution means the credit that may be made to a Participants Deferred Compensation Account by his or her Employer, as set forth in
Section 2.2.
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|1.18 |  | Obsidian means The Obsidian Fund LLC.
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|1.19 |  | Participant means a Managing Director or Director who: (i) is designated by the Committee as being eligible to participate in the Plan; (ii) is eligible
to receive a Bonus; (iii) is employed by the Company or an Affiliate of the Company on the date the entire Bonus would otherwise have been paid but for the deferral; and (iv) has Compensation in excess of $250,000.
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|1.20 |  | Plan means the BlackRock, Inc. Involuntary Deferred Compensation Plan.
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|1.21 |  | Plan Year means the calendar year, commencing with 2001.
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|1.22 |  | Retirement shall have such meaning as the Committee shall determine from time to time.
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|1.23 |  | Valuation Date means the last business day of each month, or such other date specified by the Committee.
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|1.24 |  | Vested means a Participant has a nonforfeitable interest in a portion of his or her Deferred Compensation Account.
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Article 2.    Deferred Amounts





|2.1 |  | General.    Each Plan Year up to 15 percent of a Participants Bonus may be mandatorily deferred under the Plan for a three-year
period. The Committee may vary the percentage of the mandatory deferral in subsequent Plan Years, subject to the 15 percent limitation.
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|2.2 |  | Matching Contributions.    Each Plan Year, a Participants Employer may, but shall not be required to, credit to the
Participants Deferred Compensation Account a Matching Contribution. Unless otherwise determined by the Committee, the Matching Contribution made to a Participants Deferred Compensation Account shall be an amount equal to 20% of the
amount of the Participants Deferred Compensation Amount for the Plan Year.
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|2.3 |  | Crediting of Deferred Compensation Amounts.    A Participants Deferred Compensation Amount and the corresponding Matching
Contribution shall be credited to the Participants Deferred Compensation Account at the time the mandatorily deferred portion of his or her Bonus for that Plan Year would otherwise have been paid. The amount credited to the Participants
Deferred Compensation Account shall be equal to the sum of the Deferred Compensation Amount and the amount of any corresponding Matching Contribution. Investment Income Amounts shall be credited and/or debited, as the case may be, to the
Participants Deferred Compensation Amount at each Valuation Date, or on such other basis as the Committee may determine.
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Article 3.    Vesting





|2.4 |  | Deferred Compensation Amount.    Subject to Sections 3.3 and 6.2, a Participant will become Vested with respect to his or her
Deferred Compensation Amount mandatorily deferred with respect to a Plan Year in accordance with the following schedule:
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Anniversary of Date of Crediting

Percentage Vested1st

33.3%2nd

66.6%3rd

100%





The Vested portion of a Participants Deferred Compensation
Amount shall be appropriately reduced to reflect any negative return associated with the Investment Funds underlying his or her Deferred Compensation Amount.





|2.5 |  | Matching Contributions and Investment Income Amounts.    Subject to Sections 3.3 and 6.2, a Participant will become fully Vested with
respect to a Matching Contribution and Investment Income Amounts in respect of a Deferred Compensation Amount on the third anniversary of the date the Deferred Compensation Amount and Matching Contribution was credited to the Participants
Deferred Compensation Account.
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|2.6 |  | Vesting Upon Certain Events.    A Participant will become fully and immediately Vested in his or her Deferred Compensation Account if
his or her employment with the Company or an Affiliate of the Company is terminated by reason of death, Disability or Retirement. A Participant will become fully and immediately Vested in his or her Deferred Compensation Amount (but not in his or
her Matching Contributions or any Investment Income Amounts) if his or her employment with the Company or an Affiliate of the Company is terminated by his or her Employer other than for Cause.
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Article 4.    Valuation





As of each Valuation Date, a Participants Deferred Compensation Account shall consist of the balance of the Participants
Deferred Compensation Account as of the immediately preceding Valuation Date adjusted for:





| | · |  | Deferred Compensation Amounts;
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| | · |  | Matching Contributions;
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| | · |  | Investment Income Amounts (gains and/or losses); and
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| | · |  | distributions (if any).
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All adjustments and earnings related thereto will be determined on a monthly basis in accordance with the Valuation Date or on such other basis as may be specified by the Committee from time to time. Unless the Committee
determines otherwise, each Participant will receive quarterly valuation statements in respect of his or her Deferred Compensation Accounts.





Article 3.    Tracking Investments





|3.1 |  | Investment Election for Deferred Compensation Amount.    A Participant shall specify that all, or any whole percentage, of the sum of
his or her Deferred Compensation Amount and any Matching Contribution for the applicable Plan Year (such sum, the Deferred Amount) shall be designated to one or more of the Investment Funds. Unless otherwise determined by the Committee,
a Participant may not designate less than (i) 10% of his or her Deferred Amount to an Investment Fund (other than Obsidian) and (ii) 25% of his or her Deferred Amount to Obsidian. The Company or an Affiliate of the Company may make a corresponding
investment in the actual Investment Fund, but shall not be obligated to do so.
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|3.2 |  | Failure to Designate.    If a designation is not in place before a Deferred Compensation Amount is credited to the Participants
Deferred Compensation Account, the Deferred Amount shall be directed the Investment Fund which provides the lowest risk of loss of capital, as determined in the sole discretion of the Committee.
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|3.3 |  | Committee Discretion.    The Committee shall have the sole discretion to determine the Investment Funds available under the Plan and
may change or eliminate an Investment Fund provided hereunder from time to time. If any Investment Fund ceases to be available under the Plan, the Committee shall have the authority to credit any allocation to such Investment Fund (along with deemed
earnings, gains, losses, expenses or changes thereto) to any other then-available Investment Fund. The Committee may disregard the deemed investment instructions of a Participant.
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|3.4 |  | Investment Reallocation.    Once each calendar quarter (but, in the case of Obsidian, only once each calendar year), a Participant
may elect, by written notice
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delivered to the Committee on such date as shall be designated by the Committee, to change the manner in which all or a
portion of his or her Deferred Compensation Account is designated among the then-available Investment Funds. Unless otherwise determined by the Committee, a Participant may not reallocate less than (i) 10% of the amount directed by the Participant
in the particular Investment Fund (other than Obsidian) from which the reallocation is to be made and (ii) 25% of the amount directed by the Participant to Obsidian to another Investment Fund. A Participant must abide by the timing of the
distribution and contribution parameters set forth by the applicable Investment Fund. To the extent that a Participant wishes to change the manner in which his or her Deferred Compensation Account is directed into or out of an Investment Fund, such
transfer shall only be effected as of the next available distribution or contribution date, as the case may be, of the applicable Investment Fund. Any amount directed to an Investment Fund prior to the Investment Funds next contribution date
shall, until such contribution date, be directed to the Investment Fund which provides the lowest risk of loss of capital, as determined in the sole discretion of the Committee.





|3.5 |  | Investment Fund Limitations.    The Committee may limit the aggregate amount of investments directed to any Investment Fund. If the
Committee decides to limit the aggregate of investments directed to a particular Investment Fund, each Participants deferral to such Investment Fund will be reduced on a pro-rata basis, or on such other basis as the Committee may determine.
Participants will be notified if the Committee intends to limit the investments that may be directed to an Investment Fund and will be provided with the opportunity to direct any amount not permitted to be directed to an Investment Fund to any of
the other then-available Investment Funds. If a Participant does not provide a direction with respect to an amount not permitted to be directed to a particular Investment Fund, such amount shall be directed to the Investment Fund which provides the
lowest risk of loss of capital, as determined in the sole discretion of the Committee.
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Article
4.    Distributions





|4.1 |  | General.    A Participant shall receive a lump sum cash distribution from his or her Deferred Compensation Account in respect of any
Vested portion of his or her Deferred Compensation Account as soon as practicable after such portion becomes Vested.
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|4.2 |  | Termination of Employment.    Upon the termination of a Participants employment with the Company or an Affiliate of the Company
for any reason whatsoever, the Participant shall receive a distribution as described in Section 6.1 in respect of any Vested portion of his or her Deferred Compensation Account. Subject to Article 3, any portion of the Deferred Compensation Account
which is not Vested at the date of termination shall be forfeited.
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Article
5.    Beneficiary Designation




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|5.1 |  | Beneficiary Designation.    Each Participant shall have the right, at any time, to designate any person or persons as beneficiary or
beneficiaries (both principal as well as contingent) to whom a lump sum cash payment of the Vested balance of the Participants Deferred Compensation Account shall be made in the event of the Participants death. In the event of multiple
beneficiaries, such payment shall be apportioned among the beneficiaries in accordance with the designation forms, or if applicable, as determined pursuant to Section 7.2. A beneficiary designation may be changed by a Participant by filing such
change on a form prescribed by the Committee. The receipt of a new beneficiary designation form will cancel all previously filed beneficiary designations.
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|5.2 |  | Failure to Designate.    If a Participant fails to designate a beneficiary as provided above, or if all designated beneficiaries
predecease the Participant, then the Participants designated beneficiary shall be deemed to be the persons surviving him in the first of the following classes in which there is a survivor on a per capita basis:
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| | · |  | the surviving spouse;
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| | · |  | the Participants children, except that if any of the children predecease the Participant but leave issue surviving, then such issue shall take by right of
representation the share their parent would have taken if living; and
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| | · |  | the Participants personal representative (executor or administrator).
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Article 6.    Administration





|6.1 |  | Administration.    The Plan shall be administered by the Committee. The Committee shall have the authority in its sole discretion,
subject to and not inconsistent with the express provisions of the Plan, to administer the Plan and to exercise all the powers and authorities either specifically granted to it under the Plan or necessary or advisable in the administration of the
Plan, including, without limitation, the authority to construe and interpret the Plan and any Plan related documentation; to determine all questions arising in connection with the Plan; to prescribe, amend and rescind rules and regulations relating
to the Plan; and to make all other determinations deemed necessary or advisable for the administration of the Plan. The Committee may appoint a chairperson and a secretary and may make such rules and regulations for the conduct of its business as it
shall deem advisable, and shall keep minutes of its meetings. All determinations of the Committee shall be made by a majority of its members either present in person or participating by conference telephone at a meeting or by written consent. The
Committee may delegate to one or more of its members or to one or more agents such administrative duties as it may deem advisable, and the Committee or any person to whom it has delegated duties as aforesaid may employ one or more persons to render
advice with respect to any responsibility the Committee or such person may have under the Plan. All decisions, determinations and interpretations of the Committee shall be final and binding on all persons, including the Company, and any Affiliate of
the Company, Participant or beneficiary.
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|6.2 |  | Claims Appeal Procedure.    After first discussing any claims a Participant may have under the Plan with Carl Pope, Director-
Compensation and Benefits, the Participant may then make a claim under this Plan in writing to the Committee. The Committee shall notify the Participant in writing within a reasonable period if the claim is denied, the basis for denial (including
references to applicable Plan sections) and any additional information needed to perfect the claim. After a receipt of denial, the Participant may request the Committee to review its decision. At such time the Committee shall conduct a full and fair
review of the decision denying the claim and respond to the Participant within a reasonable time period.
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|6.3 |  | Liability Indemnification.    No member of the Board or the Committee shall be liable for any action taken or determination made in
good faith with respect to the Plan. The members of the Committee and its agents shall be indemnified and held harmless by the Company against and from any and all loss, cost, liability, or expense that may be imposed upon or incurred by them in
connection with or resulting from any claim, action, suit, or proceeding to which they may be a party or in which they may be involved by reason of any action taken or failure to act under this Plan and against and from any and all amounts paid by
them in settlement (with the Companys written approval) or paid by them in satisfaction of a judgment in any action suit, or proceeding. The foregoing shall not be applicable to any person if the loss, cost, liability or expense is due to such
persons gross negligence or willful misconduct.
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Article 7.    Amendment and
Termination of Plan





The Committee may at any time amend or terminate the Plan in whole or in part;
provided, however, that no amendment or termination may act to reduce a Participants Deferred Compensation Account at the time of such amendment or termination.





Article 8.    Miscellaneous





|8.1 |  | Unsecured General Creditor.    Participants and their beneficiaries shall have no legal or equitable rights, interest or claims in
any property or assets of the Company, any Affiliate of the Company or any Investment Fund. The obligation under the Plan to a Participant shall be merely that of an unfunded and unsecured promise of the Participants Employer to pay money to
the Participant in the future. The Company shall be jointly and severally liable for the obligation of Employers in respect of obligations owed to Participants and beneficiaries hereunder.
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|8.2 |  | Nonassignability.    Neither a Participant nor any other person shall have any right to commute, sell, assign, transfer, pledge,
anticipate, mortgage or otherwise encumber, transfer, hypothecate or convey in advance of actual receipt the amounts, if any, payable hereunder, or any part thereof, which are, and all rights to which are, expressly declared to be unassignable and
nontransferable. No part
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of the amounts payable shall, prior to actual payment, be subject to seizure or sequestration for the payment of any
debts, judgments, alimony or separate maintenance owed by a Participant or any other person, nor be transferable by operation of law in the event of a Participants or any other persons bankruptcy or insolvency.





|8.3 |  | Not a Contract of Service.    The terms and conditions of this Plan shall not be deemed to constitute a contract of service between a
Participant and the Company or any Affiliate of the Company. Except as may otherwise be specifically provided herein, neither a Participant nor any beneficiary shall have rights against the Company or any Affiliate of the Company. Moreover, nothing
in this Plan shall be deemed to give a Participant the right to be retained in the service or employment of the Company or any Affiliate of the Company.
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|8.4 |  | Offset.    Amounts due to or in respect of Participants under the Plan shall not be affected by any circumstances, including, without
limitation, any set-off, counterclaim, recoupment, defense or other right which the Company or any Affiliate of the Company may have against a Participant or others.
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|8.5 |  | Withholding.    The Company, or as applicable, an Affiliate of the Company, shall have the power to withhold an amount sufficient to
satisfy all federal, state, local or foreign withholding requirements in respect of any payment made under the Plan.
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|8.6 |  | Governing Law.    The Plan, and any agreement related thereto, shall be governed by the laws of the State of Delaware without giving
effect to the conflict of law principles thereof.
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