Corporation shall mean BlackRock, Inc., a corporation organized under the laws of the State of Delaware, or any successor corporation.
Designated Subsidiary shall mean any Subsidiary that, as of the Effective Date, participates in the Plan or, subsequent to the Effective Date, is designated by the MDCC or the Plan Manager to participate in the Plan. The MDCC or the Plan Manager may terminate the designation of a Subsidiary as a Designated Subsidiary.
Eligible Employee shall mean any full-time or part-time employee of the Corporation or a Designated Subsidiary who is not, with respect to a particular Option Period, deemed for purposes of Section 423(b)(3) of the Code to possess 5% or more of the total voting power or value of all classes of stock of the Corporation or a Subsidiary immediately after the Offering Date for such Option Period.
Exercise Date shall mean March 31, June 30, September 30 and December 31 of each Plan Year (or, if such date is not a business day, the first business day immediately preceding such date).
Fair Market Value of a share of Common Stock as of a particular date shall mean the closing price of the Common Stock on the applicable date, or, if no such price is reported for that day, on the last preceding day for which such price is reported, or such other reasonable method of determining fair market value as the Plan Manager shall adopt.
MDCC shall mean the Management Development & Compensation Committee of the Board, or any successor committee.
Offering Date shall mean January 1, April 1, July 1 and October 1 of each Plan Year.
Option Period shall mean the period beginning on an Offering Date and ending on the next succeeding Exercise Date.
Option Price shall mean the purchase price of a share of Common Stock hereunder as provided in Section 5.1 hereof.
Participant shall mean any Eligible Employee who elects to participate in accordance with the terms of the Plan.
Plan shall mean this Second Amended and Restated BlackRock, Inc. Employee Stock Purchase Plan, as amended from time to time.
Plan Account shall mean an account (which may be a notional or book-entry account) established and maintained in the name of each Participant.
Plan Manager shall mean the Corporation’s most senior global Human Resources professional.
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