For purposes of the Plan, employee or to continue in effect any such registrations or qualifications if made. shall be used to purchase at the Purchase Price whole and/or fractional shares of Common Stock subject to the Option. Information reflecting prices is not a quotation or offer to sell or purchase. Or, under the Computershare Plan, you can make "optional cash investments" without reinvesting dividends if you own one or more shares. 9.6Severability. Account means the Does Boeing offer stock options or a stock purchase plan? Employee Assistance Program (EAP): The Boeing EAP offers tools, webinars, educational articles and assessments that can help you understand and learn strategies for managing stress. (a)the maximum number and kind of securities available for issuance under the Plan, (b)the aggregate maximum number and kind of securities that may be issued with respect to any Offering Period, (c)the number and kind of securities Health insurance is average. Boeing and Computershare Investor Services do not have records of beneficial owners of Boeing stock. Please visit the Stock Split section for a complete history of Boeings stock splits. After all, Medicare wont cover everything, and I dont want a big medical expense to derail my dreams.*. sub-plan, the provisions of this Plan shall govern the operation of such sub-plan. Account for each Participant to reflect the whole and fractional Common Stock purchased under the Plan by the Participant. participate and a payroll deduction authorization with the Committees designee. Join #TeamBoeing at our virtual career event on Jan. 17. Im protecting those plans by fully funding my Health Savings Account. Boeings benefits are designed to help you thrive. To receive notifications via email, enter your email address and select at least one subscription below. It is also proven that participants in ESPPs are better, more engaged . This includes the headlines, summaries and links to the full article on the website. not affect any other compensation or incentive plans in effect for the Company or any Subsidiary or Affiliate, except to the extent required by law. (f)any other corporate act or proceeding by the Company or any subsidiary. You must click the link in the email to activate your subscription. Read More, Reviewed by: Engineering Support Technician in San Antonio, TX (Former Employee), Starting wage for a new college graduate with no experience is high. Nothing in the Plan or any Option shall be deemed to constitute an employment contract or confer or be deemed to confer on any Participant any right to continue in the employ of, or to continue any other relationship with, the arrangements, in accordance with rules and procedures established by the Committee. restrict in any way the right or power of the Board or the shareholders of the Company to make or authorize (a)any adjustment, recapitalization, reorganization or other change in the Companys or any subsidiarys capital structure or No Participant or any other person shall have any claim against any member of the Board or the Committee, the Company or any subsidiary, or any employees, officers, (d)Purchase Limitations. After the stock is transferred to your name, an account will be established for you at Computershare. #TeamBoeing air safety investigator, and former Royal Air Force member, Chris Gray, explains how even a 1% difference in the way we think about safety will help us see real change. Hinge Health is available only to employees and covered dependents who are enrolled in a Boeing-sponsored medical plan option administered by Blue Cross and Blue Shield of Illinois (BCBSIL). Total Brain*: Find short learning videos, guided meditation and other training exercises that can help you manage stress and increase your positivity, focus and attention. of Employment or Change in Participating Subsidiary or Affiliate Status. Employee stock purchase plan administration solutions. To the extent the Plan or any instrument evidencing an Award provides for issuance of stock certificates to reflect the issuance of shares of Common Stock, the issuance may be effected on a noncertificated basis, to the extent not If any provision of the Plan or any Option is determined to be invalid, illegal or unenforceable in any 5.1Initial Eligibility. Log into Worklife to learn more about flu shots. An Eligible Employee may become a Participant in any Offering by entering an electronic election to 9.4No Trust or Fund. The Company makes no representation that any Option to purchase Common Read More, Reviewed by: Contracts Procurement Agent in Everett, WA (Former Employee), Extremely stressful, induced a stress eating culture. Boeings SEC filings are available on our SEC Filings page. 3.1Administration of the Plan. Free money Boeing matches your contributions dollar for dollar, up to 10% of eligible pay for most nonunion employees. (b)Purchase Price Defined. (b)Source of 9.12Section 409A of the Code. This is the employer's chance to tell you why you should work for them. If viewing the 2022 plan year, click Change Plan towards the top left of the page and select 2023 in the plan year box that appears. which shares of Common Stock may be purchased by Participants. Committee means the Compensation Committee of the Board, provided that to the extent the Committee has delegated any or all of its Glassdoor is your resource for information about the 401K Plan benefits at Boeing. From fitness classes to quality health care coverage, flexible work arrangements and tuition assistance to family support programs, ways to save today and for the future explore all Boeing has to offer. Notwithstanding the foregoing, the Committee may delegate any of its authority or Chicago, IL 60606. And once I turn 55, I can set aside an additional $1,000. How can I elect to have my dividends direct deposited? Company or a Participating Subsidiary or Affiliate and are placed on a non-U.S. payroll of the Company or a Participating Subsidiary or Affiliate may not participate in an Offering of the Non-423 Component that had a start date prior to such transfer. It was good, and probably pretty standard for large corporations. See More. Such Eligible Employees may participate in an Offering of the 423 Component that begins on or The Committee may vary its determination of the Fair Market Value to the extent required to comply with applicable local laws. When are the next quarterly financials released? They assign unreasonable statements of work and then give you bad performance reviews. (c)Accounts. Helpful Report 5.2Leaves of Absence. Offerings, Participation and Payroll Deductions. Boeing Employee Stock Purchase Plan 230 employees reported this benefit 4.0 1 Rating Available to US-based employees Change location Employee Comments Showing 1-1 of 1 Aug 29, 2015 4.0 Former N/C Planning-Programming airplane parts in Saint Louis, MO, Missouri It was good, and probably pretty standard for large corporations. Not to mention too many layoffs while the CEOs rake in millions. Edelman Financial Engines does not guarantee results. The As you keep tabs on your spending, investments and debts, make sure youre also checking in on your retirement savings. Participant means an Eligible Employee who has complied with the provisions of Section6.1(b). As of March 20, 2020 Boeing has suspended its dividend until further notice. If you are a beneficial owner of Boeing stock, please contact your broker, bank or other nominee for assistance with any questions concerning ownership or dividends. The Committee shall have discretion to determine the application of the definition to Participants outside the United States, and in accordance with the requirements of Section423 of the adopt such rules, procedures and sub-plans as are necessary or appropriate to permit the participation in the Plan by Eligible Employees who are citizens or residents of a Individuals that transfer to the United States, become Eligible Employees of the Company or a Participating Subsidiary or Affiliate and are placed on a U.S. payroll of the Vida Health*: Get one-on-one support through a digital platform featuring several emotional health programs that can lower stress, improve anxiety and depression symptoms, and boost mindfulness. Please note that any opinions, estimates, or forecasts regarding Boeings performance made by these analysts are theirs alone and do not represent opinions, forecasts, or predictions of Boeing or its management. Want to work on next-generation defense technologies? Lack of racial diversity in the management, especially at the executive level. Replace Senior Management and junior executives and put a REAL emphasis on safety! Charitable Gift Matching. It is free if youre enrolled in a Boeing-sponsored medical plan option and use a network provider. leadership is old school - being a millennial is tough in Boeing. How can I choose electronic delivery of shareholder materials? Offering Period means each period designated by the Committee as further described in Section6.1(a). The cumulative amount deposited in A Participant shall not be deemed to be a shareholder of the Company, nor have any rights Pension Plan. No adjustments to outstanding Options will be made for dividends paid in the form of stock. .css-igy6o5{display:inline-block;background:none;border:none;color:#1861bf;cursor:pointer;}Read More, Reviewed by: Senior Product Analyst in Seattle, WA (Current Employee). The foregoing right of indemnification shall not be exclusive of any other rights of Boeing is followed by a number of industry analysts, including the analysts listed below in alphabetical order by firm. change shall become effective in accordance with the Committees rules and procedures as soon as administratively practicable after the Company receives the election. Our compensation programs are designed to pay you competitively. The adoption of the Plan shall Adjustments. Computershare provides direct deposit of your dividends at no cost to you. Market Value of a share of Common Stock on the Purchase Date. They're terrible at retention. Boeing Investor Relations One of the investment options offered by the Plan is the VIP Stock Fund, an employee stock ownership plan (ESOP), which invests in shares of Boeing stock, and whichas of Dec. 31, 2018, held $10.8 billion in Boeing stock, accounting for 18.6% of net plan assets. provided, however, that no amendment that would amend or modify the Plan in a manner requiring shareholder approval under Section423 of the Code, the requirements of any securities exchange on which the shares are traded or other applicable Were hiring experienced production, mechanical, structural, electrical, systems, and software engineers to join our Missile Weapons Systems team in the greater St. Louis area. Relatively decent salary and benefits, lots of options for moving around the company, good experience in building skills, and good people working next to you. The Plan shall be administered by the Committee. In the 3 for 2 splits, a shareholder who had an odd number of shares . The Plan, all Options granted thereunder and all Well reward your contributions to our success. If you hold shares through a broker please contact your broker. All answers shown come directly from Boeing Reviews and are not edited or altered. Notwithstanding any other provision of the Plan, the Company shall have no obligation to issue Read answers to frequently asked questions to help you make a choice before applying to a job or accepting a job offer. Edelman Financial Engines is a registered trademark of Edelman Financial Engines, LLC. 9.1Assignability. How do I get a copy of the Annual Report and/or other SEC filings? purpose of The Boeing Company Global Stock Purchase Plan (the Plan) is to attract and retain employees of The Boeing Company (the Company) and its Participating Subsidiaries or Affiliates, and enable them to acquire a stock subsequent Offering Periods until changed pursuant to Section6.1(c). that is intended to be exempt from or compliant with Section409A of the Code is not so exempt or compliant or for any action taken by the Committee with respect thereto. Offering means an offer under the Plan of an Option that may be exercised during an Offering Period as further described in willing to pay for school. 9.7Choice of Law. Your dividends are delivered to your broker, bank, or other nominee, who distributes the dividends to you. employee while the individual is on military leave, sick leave or other leave of absence approved by the Company or a Participating Subsidiary or Affiliate or is legally protected under applicable laws. Our compensation programs are designed to pay you competitively. Why did I not receive a 1099-DIV this year? Please visit the Transfer Agent page for Computershares contact information. The then to the extent practicable, no further amounts shall be credited to the Participants Account from any pay due and owing with respect to the Participant after termination of employment. Reviewed by: Systems Engineering (Current Employee). Are you a go-it-alone person who prefers to work out at home, or do you enjoy in-person classes and being around others at the gym? Boeings transfer agent is Computershare. as a beneficial owner of stock that is held in "street name. Reviewed by: Machinist in Puyallup, WA (Current Employee), Stingy with pay increases & promotions Employees contribute to the plan. intended to be exempt from the application of Section409A of the Code and, to the extent not exempt, is intended to comply with Section409A of the Code, and any ambiguities herein will be interpreted to so be exempt from, or comply with, Their 'Zero tolerance policy ' is not enforced at all. Effective Date means April29, 2022, the date on which the Plan was approved by the 9.10Tax Withholding. Participate. In each of the splits shown above, new certificates were issued for the additional shares and sent by the transfer agent to the registered shareholders. Boeing provides Annual Reports for the last 10 years on the Annual Reports page. , the company continues to reduce its workforce and allocate the remaining work to the employees left behind. eligible to participate in the Offering commencing on such date, subject to the terms and conditions of the Plan. Glassdoor is your resource for information about the Employee Stock Purchase Plan benefits at Boeing. No Eligible Employee shall be permitted to purchase Common Stock pursuant to an Option under the 423 Component shall remain in full force and effect. that any provision of the Plan would cause an Option under the Plan to be subject to Section409A of the Code, the Committee may, but shall not be obligated to, amend the terms of the Plan and/or of an outstanding Option granted under the Plan, Read More, Reviewed by: Procurement Agent in Seattle, WA (Current Employee), Join us as an intern and youll be part of a team thats building the future of aerospace. (a)In General. We attract the best talent when we pay competitively. of Section4.1 regarding the number of shares of Common Stock reserved for issuance under the Plan and Section6.2(b) regarding the Purchase Price, but unless otherwise superseded by the terms of such Stop promoting the same people and give more POC a chance to grow. After the stock is transferred to your name, an account will be established for you at Computershare. All Rights Reserved. The employee stock purchase plan (ESPP) is the unsung hero of financial benefits. Boeing gave no raises to non-union employees for the year 2020, they committed to an out of sequence inflationary adjustment to employees and silently didn't implement it and when asked about it employees were told they were not getting that inflation adjusted out of sequence raise. The Company may also require such other action or agreement by the Participants as may from time to time be necessary to comply with applicable Fractional share certificates are not issued. Individuals that transfer outside the United States, become Eligible Employees of the Subject to the limitation in 6.1(a), on each Purchase Date, the entire Account of each Participant Additional information can be found in our proxy statement for the relevant year or on our Events page. equity thereof, which does not meet the requirements to be a Subsidiary. Well recognize your contributions to our progress, and youll share in our success. subsidiarys capital stock or the rights thereof, (d)any dissolution or liquidation of the Company or any subsidiary, (e)any sale or transfer of all or any part of the Companys or any subsidiarys assets or business, or The Boeing Company Global Stock Purchase Plan. . 3.3Eligible Employees Outside the United States. Have questions about working at Boeing? No interest will be paid or allowed on any money in Participants Accounts, except to the extent Copyright 1995 - 2019 Boeing. any regular employee of the Company or a Participating Subsidiary or Affiliate who does not, immediately after the first day of an Offering Period, own (within the meaning of Section423(b)(3) and 424(d) of the Code) stock possessing 5% or more Computershare is Boeing's transfer agent: Computershare Investor Services. If you were a shareholder of KLX Inc. as of September 14, 2018, the Form 8937 related to the spinoff of KLX Energy Services Holdings, Inc. can be found here.
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