Document:

Amendment No. 1 to the BlackRock, Inc. 1999 Stock Award and Incentive Plan

 EXHIBIT 10.2 
 AMENDMENT NO. 1 
 TO THE BLACKROCK, INC.  
 1999 STOCK AWARD AND INCENTIVE PLAN  
 (Effective July 21, 2000) 

This Amendment No. 1 is made to the BlackRock, Inc. 1999 Stock Award and Incentive Plan (the “Plan”). Capitalized terms used but not
defined herein shall have the meanings ascribed to them in the Plan. 
 In accordance with Section 7(d) of the Plan, BlackRock,
Inc.’s Board of Directors at a meeting held on July 21, 2000 unanimously approved the following amendments to the Plan: 
 1.
Section 6(b)(i)(B) of the Plan is hereby amended in its entirety to read as follows: 
 “(B) Exercise Price. The exercise price per
share of Stock purchasable under an Option shall be determined by the Committee; provided that, such exercise price of an ISO shall be not less than the Fair Market Value of a share of Stock on the date of grant of such ISO. The exercise price for
Stock subject to an Option may be paid in cash or by an exchange of Stock previously owned by the Grantee (provided, that such Stock shall have been owned without any restrictions by the Grantee for at least six months prior to the date of exercise
of the Option), or a combination of both, in an amount having a combined value equal to such exercise price. An Award Agreement may provide that a Grantee may elect to pay all or a portion of the aggregate exercise price by having shares of Stock
with a Fair Market Value on the date of exercise equal to the aggregate exercise price or sold by a broker-dealer.” 
 2.
Section 7(c) of the Plan is hereby amended in its entirety to read as follows: 
 “(c) Withholding and Other Taxes. The Company or
any applicable Affiliate is authorized to withhold from any Award granted, any payment relating to an Award under the Plan (including from a distribution of Stock) or any other payment to a Grantee, amounts of withholding and other taxes due in
connection with any transaction involving an Award, and to take such other action as the Committee may deem advisable to enable the Company and Grantees to satisfy obligations for the payment of withholding taxes and other tax obligations relating
to any Award. This authority shall include authority to withhold or receive Stock or other property and to make cash payments in respect thereof in satisfaction of a Grantee’s tax obligations. If Stock is withheld to satisfy withholding and
other taxes due in connection with an exercise of an Option, the Company shall not withhold more Stock than is necessary to satisfy the minimum withholding obligation in respect of such exercise.” 
 3. Except as amended herein, the Plan shall remain in full force and effect. 
  

 1Amendment No. 2 to the BlackRock, Inc. 1999 Stock Award and Incentive Plan

 Exhibit 10.3 
 AMENDMENT NO. 2 
 TO THE BLACKROCK, INC. 
 1999 STOCK AWARD AND INCENTIVE PLAN 
 This Amendment No. 2 is made to the 1999
Stock Award and Incentive Plan (the “Plan”) of BlackRock, Inc (the “Company”). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Plan. This Amendment shall become effective on the date
the Company’s stockholders approve this amendment pursuant to the vote to taken at the Company’s Annual Meeting of Stockholders to be held on May 2, 2001, and shall not be effective if this amendment is not so approved by the
Company’s stockholders. 
 WHEREAS, the Company previously reserved for issuance under the Plan a number of shares of Stock equal to
5.5% of the aggregate number of shares of the Company’s class A common stock and the Company’s class B common stock outstanding; and 
 WHEREAS, the Company wishes to amend the Plan to provide that the maximum number of shares of Stock that may be issued under the Plan shall be 9,000,000 shares of Stock; and 
 WHEREAS, the Company wishes to provide that the maximum number of shares of Stock that may be awarded to any single individual during any Plan Year shall
not exceed 4,000,000 shares of Stock; 
 NOW THEREFORE, the Plan is amended, subject to stockholder approval, as follows: 
 1. Section 5 of the Plan is hereby amended in its entirety to read as follows: 
 5. Stock Subject to the Plan. 
 Subject to adjustment as provided herein, 9,000,000 shares of
Stock shall be reserved for the grant or settlement of Awards under the Plan. No more than 4,000,000 shares of Stock may be covered by stock-based awards (including Options, SARs, Restricted Stock and Restricted Stock Units) made to a single
individual during any Plan Year, which number shall be subject to adjustment as provided herein. Shares of Stock issued hereunder may, in whole or in part, be authorized but unissued shares or shares that shall have been or may be reacquired by the
Company in the open market, in private transactions or otherwise. If any shares of Stock subject to an Award are forfeited, cancelled, exchanged or surrendered or if an Award otherwise terminates or expires without a distribution of shares to the
Grantee, the shares of Stock with respect to such Award shall, to the extent of any such forfeiture, cancellation, exchange, surrender, termination or expiration, again be available for Awards under the Plan. 
  

 1 

 In the event that the Committee shall determine that any dividend or other distribution (whether in the
form of cash, Stock, or other property), recapitalization, Stock split, reverse split, reorganization, merger, consolidation, spin-off, combination, repurchase, or share exchange, or other similar corporate transaction or event, affects the Stock
such that an adjustment is appropriate in order to prevent dilution or enlargement of the rights of Grantees under the Plan, then the Committee shall make such equitable changes or adjustments as it deems necessary or appropriate to any or all of
(i) the number and kind of shares of Stock or other property (including cash) that may thereafter be issued in connection with Awards, (ii) the number and kind of shares of Stock or other property (including cash) issued or issuable in
respect of outstanding Awards, (iii) the exercise price, grant price, or purchase price relating to any Award; provided that, with respect to ISOs, such adjustment shall be made in accordance with Section 424(h) of the Code, (iv) the
Performance Goals and (v) the individual limitations applicable to Awards. 
 2. Except as amended herein, the Plan shall remain in full force and
effect. 
  

 2Amendment No. 3 to the BlackRock, Inc. 1999 Stock Award and Incentive Plan

 Exhibit 10.4 
 AMENDMENT NO. 3 
 TO THE BLACKROCK, INC. 
 1999 STOCK AWARD AND INCENTIVE PLAN 
 This Amendment No. 3 is made to the
BlackRock, Inc. 1999 Stock Award and Incentive Plan (the “Incentive Plan”). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Incentive Plan. This Amendment shall become effective as of
March 27, 2006; provided, that paragraphs 1 and 2 below shall be subject to the approval of the stockholders of BlackRock, Inc. (the “Company”) at a meeting or meetings of stockholders to be held prior to the end of 2006, and shall
not be effective if not so approved by the Company’s stockholders. 
 WHEREAS, the Incentive Plan currently provides that the maximum
number of shares of Stock that may be issued under the Incentive Plan shall be 9,000,000 shares of Stock; 
 WHEREAS, the Company wishes to
amend the Incentive Plan to provide that an additional 5,000,000 shares of Stock shall be made available for issuance under the Incentive Plan; 
 WHEREAS, the Company wishes to provide that the term of the Incentive Plan shall be extended to the date that is 10 years from the effective date of this Amendment No. 3; and 
 WHEREAS, the Company wishes to ensure that the per share option price for stock options granted under the Incentive Plans shall not be less than Fair
Market Value (as defined in the Incentive Plan) on the date of grant; and 
 NOW THEREFORE, the Incentive Plan is amended, subject to
stockholder approval at a meeting or meetings of stockholders to be held prior to the end of 2006, as follows: 
 1. The first sentence of
Section 5 of the Incentive Plan is hereby amended in its entirety to read as follows: 
 Subject to adjustment as
provided herein, 14,000,000 shares of Stock shall be reserved for the grant or settlement of Awards under the Plan. 
 2. The third sentence
of Section 7(d) of the Incentive Plan is hereby amended in its entirety to read as follows: 
 Unless earlier terminated
by the Board pursuant to the provisions of the Plan, the Plan shall terminate on March 27, 2016. 
  

 1 

 3. This first sentence of Section 6(b)(i)(B) is hereby amended in its entirety to read as follows:

 The exercise price per share of Stock purchasable under an Option shall be determined by the Committee; provided
that, such exercise price shall be not less than the Fair Market Value of a share of Stock on the date of grant. 
 4. Except as provided
herein, the Incentive Plan shall remain in full force and effect. 
  

 2Amendment No. 4 to the BlackRock, Inc. 1999 Stock Award and Incentive Plan

 Exhibit 10.5 
 AMENDMENT NO. 4 
 TO THE BLACKROCK, INC. 
 1999 STOCK AWARD AND INCENTIVE PLAN 
 This Amendment No. 4 is made to the
BlackRock, Inc. 1999 Stock Award and Incentive Plan (the “Incentive Plan”). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Incentive Plan. This Amendment shall be subject to the approval of
the stockholders of BlackRock, Inc. (the “Company”) at a meeting of stockholders to be held prior to the end of 2006, and shall not be effective if not so approved by the Company’s stockholders. 
 WHEREAS, the Incentive Plan currently provides that the maximum number of shares of Stock that may be issued under the Incentive Plan shall be 14,000,000
shares of Stock; 
 WHEREAS, the Company wishes to amend the Incentive Plan to provide that an additional 3,000,000 shares of Stock shall be
made available for issuance under the Incentive Plan; 
 NOW THEREFORE, the Incentive Plan is amended, subject to stockholder approval at a
meeting of the Company’s stockholders, as follows: 
  

	 	1.	The first sentence of Section 5 of the Incentive Plan is hereby amended in its entirety to read as follows: 

 Subject to adjustment as provided herein, 15,500,000 shares of Stock shall be reserved for the grant or settlement of Awards under the Plan. 

 

	 	2.	Except as provided herein, the Incentive Plan shall remain in full force and effect.

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