BlackRock, Inc. is an American global investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is today the world’s largest asset manager with $6.29 trillion in assets under management as of December 2017. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Due to its power and the sheer size and scope of its financial assets and activities, BlackRock has been called the world’s largest shadow bank.
If BlackRock or an affiliate thereof proposes to terminate the Executive’s employment for Cause or Good Reason, as determined by BlackRock’s CEO and a majority of the members of Management Committee, or to allege a violation by the Executive of any provision of Section 8 hereof, BlackRock’s CEO shall immediately notify the Executive of such fact in writing, specifying the action or conduct which resulted in such determination (the date on which such notice is given being hereinafter referred to as the “Notice Date”). Within 30 days, the Executive shall have the right to cure such action or