shall remain in full force and effect. Relocation assistance is available. Subsidiary means any corporation (other than the Company), domestic or foreign, whether now or hereafter Except as otherwise provided in the Plan, the Non-423 Component will operate and be administered in the How do I enroll in a Dividend Reinvestment and/or Cash Purchase Plan? Talk with an Edelman Financial Engines financial advisor and take the first step to develop a comprehensive financial plan so you can track progress toward your goals. withholding procedures and handling of stock certificates that vary with applicable local requirements. The Company may issue certificates for shares with such legends and subject to such restrictions on transfer and stop-transfer instructions as counsel for the Company deems Section 1. To receive notifications via email, enter your email address and select at least one subscription below. Our best-in-class benefits and programs set us apart and help you and your family live great lives. 7.2Recapitalization We generally hold our Annual Meeting of Shareholders in the month of April or May. Boeing is the world's largest aerospace company and leading manufacturer of commercial airplanes and defense, space and security More. Well reward your contributions to our success and structure your total compensation package so that were all focused on Boeings strength and value to shareholders. The ago There's a few assumptions here that are incorrect or benefit the SPP. Such Eligible Employees may participate in an Offering of the Non-423 Component that begins on or after such 9.3No Rights as a Shareholder. 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. 9.11Issuance of Shares. 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 .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). Stress, Rework, Prioritizing metrics over everything, ignoring employees feedback, relatively low salary for industry and surrounding areas, no stock awards, the company continues to reduce its workforce and allocate the remaining work to the employees left behind. employee of or be employed by the Company or a Participating Subsidiary or Affiliate for any Offering only if such individual is treated by the Company or such Participating Related Company as its employee, including, in the The controversy arose in the wake of a series of plane crashes that were later . Board means the Board of Directors of the Company. reasonably 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 the Plan and against and from 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. Having a top leader who knows nothing about contracting, leading the contracting organization is absolutely insane and everyone knows it - why do you think so many people are leaving to go work for suppliers or other airplane manufacturers? Company or a Participating Subsidiary or Affiliate may not participate in an Offering of the 423 Component that had a start date prior to such transfer. June 6, 1997. 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. Beneficial shareholders should contact their brokerage firm or bank to elect to receive electronic delivery of their shareholder materials. willing to pay for school. Purchase Period necessary or desirable for compliance by the Company with federal, state and foreign securities laws. "Layoff" means "Layoff" as defined by the Committee or the Company's vice president of compensation and benefits for purposes of the Plan or an Award or in the instrument evidencing . Performance Bonus. interest, establishment of the exchange rate applicable to payroll deductions taken and other contributions made in a currency other than U.S. dollars, obligations to pay payroll tax, determination of beneficiary designation requirements, tax Yet, it wasn't. Benefits are good - but getting worse year-over-year. Insurance, Health & Wellness Financial & Retirement Family & Parenting Vacation & Time Off Perks & Discounts Professional Support Insurance, Health & Wellness Health Insurance 4.3 678 Ratings Employer Verified Dental Insurance 4.1 Used with permission. or take such other action the Committee determines is necessary or appropriate, in each case, without the Participants consent, to exempt any outstanding Option or future Option that may be granted under the Plan from or to allow any such that are subject to outstanding Options, and (d)the appropriate value and other price determinations applicable to Options. Toll Free: 1-888-777-0923 Current and former employees report that Boeing provides the following benefits. No adjustments to outstanding Options will be made for dividends paid in the form of stock. Computershare Human Resources Generalist salaries ($56k), Aviation Maintenance Technician salaries ($64k), Supply Chain Management Analyst salaries ($57k). 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 respect to an Offering in a manner complying with Section423 of the Code to the extent required. SEC Filing RSS Feed. 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 Lack of racial diversity in the management, especially at the executive level. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. 5.4Non-U.S. Employees and Transfers. of an Offering Period in accordance with the requirements of this Section6.1 will constitute the grant by the Company to such Participant of an Option on such date to purchase as many full and fractional shares of Common Stock as the Eligible Authorized Officer means the Companys chief human 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 Next, simply follow the instructions for the particular RSS reader being used. eligible to participate in the Offering commencing on such date, subject to the terms and conditions of the Plan. A Participant shall not be deemed to be a shareholder of the Company, nor have any rights They're terrible at retention. Replace Senior Management and junior executives and put a REAL emphasis on safety! I contribute pre-tax dollars, and I wont be taxed when my balance grows. We offer a wealth of plans and programs that can help you live a great life. Either way, youve got options for working toward a healthier you. Programs that drive lasting improvements in the communities we call home. #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. To save resources and reduce Boeings printing and mailing costs, registered shareholders can elect to receive future proxy materials and other shareholder communications at Computershare Investor Services. Purchase Date means, with respect to any Offering, the last day on which the Common Stock is traded on the New York Stock Exchange during Our Compensation Philosophy Incentive Pay: Rewarding Performance Recognition: Celebrating Your Career Boeing Employee Stock Purchase Plan Free money Boeing matches your contributions dollar for dollar, up to 10% of eligible pay for most nonunion employees. You receive dividend checks written on the Boeing account with Computershare Investor Services, or Direct Deposit of your dividends to your bank account through the Automated Clearing House, or you may qualify to have your dividends reinvested through the Dividend Reinvestment and Stock Purchase Plan administered by Computershare Investor Services. To subscribe to an RSS feed, select the location of the website of interest and click the small orange button (these buttons usually only exist on the Events, Press Releases, and Presentations) to subscribe to the RSS feed. Read More, Reviewed by: Contracts Procurement Agent in Everett, WA (Former Employee), Extremely stressful, induced a stress eating culture. 9.1Assignability. Presentation RSS Feed Each Eligible Employee who elects to participate in the Plan shall communicate to the Company, in accordance with procedures established by the Committee, an election to participate in the Plan whereby the Eligible Employee In furtherance of the foregoing and notwithstanding any other provision in the Plan to the contrary, if the Committee determines that an Option granted under the Plan may be subject to Section409A of the Code or Offering Periods shall begin and end on the dates specified in advance by the Committee. Event RSS Feed 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 Where can I get Boeings historical Annual Reports? The aggregate number of shares of Common Stock which may be sold pursuant to Offerings under the Boeing-sponsored program eligibility may differ for subsidiaries, certain business unit programs and union-represented employees. Ways to refresh and recover, or care for your personal needs. sub-plan, the provisions of this Plan shall govern the operation of such sub-plan. Boeing does not by listing these analysts below imply its endorsement of or concurrence with such information, conclusions, or recommendations. Excellent work life balance. https://boeing.wd1.myworkdayjobs.com/HIRE/. In some cases, a holding period will be required for the purchased stock in order to receive favorable long-term capital gains tax treatment on . under Section 423 of the Code (the 423 Component), the provisions of which shall be construed so as to extend and limit participation in a uniform and nondiscriminatory manner consistent with the requirements of Section 423 of the Code 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. Boeings benefits are designed to help you thrive. Neither amounts credited to a Participants Account nor any rights with respect to the exercise I dont use much health care, so why pay for more coverage than I need? The information provided is from their perspective. It may not be complete. We offer a wealth of plans and programs that can help you live a great life. The Boeing Stock Fund is set up as an ESOP, which is an Employee Stock Ownership Plan. Committee means the Compensation Committee of the Board, provided that to the extent the Committee has delegated any or all of its How youre paid while on the job and how youre paid while away. To obtain more information about the Computershare Plan or to enroll in Direct Deposit of your dividends, please contact Boeings Transfer Agent, Computershare. Market Value of a share of Common Stock on the Purchase Date. Participating Of the remaining companies, twenty-two have employee stock purchase plans (ESPPs) only, ten have a combination of ESPPs and equity grants, four have non-ESPP equity purchase plans, and four have broad-based equity grants but no equity plan. Computershare Investor Services also distributes dividends to registered shareholders. 3.1Administration of the Plan. Sure, if I need care, Ill have a larger deductible to meet. Offering Period means each period designated by the Committee as further described in Section6.1(a). It has the ability to make owners out of your employees, allowing them to invest in the future of the company as well as their own future. Notwithstanding the foregoing, the Committee may delegate any of its authority or payrolls outside of the United States, handling of payroll deductions and other contributions, taking of payroll deductions and making of other contributions to the Plan, establishment of bank or trust accounts to hold contributions, payment of Your spouse/domestic partner can also take part if theyre enrolled in a Boeing-sponsored medical plan option. How do I get a copy of the Annual Report and/or other SEC filings? Anyone who bought it on or after that Thursday would not be entitled to that dividend. 9.8 Indemnification. For those dates that fall on a weekend no data is available. The adoption of the Plan shall Participant means an Eligible Employee who has complied with the provisions of Section6.1(b). Your compensation reflects your contribution to the business, and if eligible, youll have the chance to share in the companys success through incentive pay programs. from an employees compensation, cash payments to the Company or any Subsidiary or Affiliate by an employee, or a sale of a portion of the stock purchased under the Plan, which sale may be required and initiated by the Company. of all classes of stock in one of the other corporations in the chain, as described in Section424(f) of the Code but substituting 100% for the 50% threshold described therein. Our best-in-class benefits and programs set us apart and help you and your family live great lives. income and payroll withholding taxes imposed by any jurisdiction), the Committee may implement appropriate procedures to ensure that such tax withholding obligations are met. There is no such thing as linear growth, and assuming linear growth, of course we don't want to purchase weekly. Offerings, Participation and Payroll Deductions. New for 2023! Join #TeamBoeing at our virtual career event on Jan. 17. Stress, Rework, Prioritizing metrics over everything, ignoring employees feedback, relatively low salary for industry and surrounding areas, no. 3reasons to invest And once I turn 55, I can set aside an additional $1,000. indemnification to which such persons may be entitled under the Companys certificate of incorporation or bylaws, as a matter of law, or otherwise, or of any power that the Company may have to indemnify them or hold them harmless. If a Participant terminates employment for any reason, or if the entity that employs a participant ceases to be a Participating Subsidiary or Affiliate, as the case may be, (b)Purchase Price Defined. Employee Comments Showing 1-10 of 131 Jan 7, 2023 3.0 Current Site Leader in nullnull , no stock options. The Committee may establish in advance of an Offering one or more consecutive purchase periods (each, a Purchase Period) within an Or, if youre working remotely or at a site without a clinic, you can get your shot from an in-network provider. How can I elect to have my dividends direct deposited? of Section414(q) of the Code, or subject to the disclosure requirements of Section16(a) of the Securities Exchange Act of 1934, each such eligibility requirement to be applied with participate and a payroll deduction authorization with the Committees designee. Health insurance is average. pay, hiring and relocation bonuses, equity compensation income, imputed income arising under any Company group insurance or benefit program or any other special payments. Option to comply with Section409A of the Code. leadership is old school - being a millennial is tough in Boeing. For purposes of the Plan, employee There is persistent negativity amongst the workforce. Overnight Correspondence should be mailed to: You must click the link in the email to activate your subscription. Boeing Financial Benefits Service Center 1-866-422-3539 Representatives are available Monday-Friday (except most New York Stock Exchange holidays) from 8:30 a.m. to midnight . of an Option or to receive shares of Common Stock under the Plan may be assigned, transferred, sold, exchanged, encumbered, pledged, or otherwise hypothecated or disposed of by a Participant other than by will or the laws of descent and which shares of Common Stock may be purchased by Participants. Computershare provides direct deposit of your dividends at no cost to you. Or, under the Computershare Plan, you can make "optional cash investments" without reinvesting dividends if you own one or more shares. No matter how hard you work or how well you do your job it is not appreciated - and they have a real problem with not recognizing and promoting Black people in particular. When are the next quarterly financials released? Save time and hassle when you schedule a flu shot at an on-site flu shot clinic. maintain an Account for each Participant and shall credit to that account in U.S. dollars or the currency in which the employee is paid, as determined by the Committee, all amounts received under the Plan from the Participant. Available to US-based employeesChange location. This list is subject to change as firms add or delete coverage of Boeing, and Boeing has no obligation to maintain or update this list. 2 for 1 (or 100%) --. designates a stated whole percentage equaling at least 1%, but no more than 15%, of their Eligible Compensation during the Offering Period to be deposited periodically in their Account under Section6.1(c). Employees contribute to the plan. We attract the best talent when we pay competitively. Overtime, Premiums . PO Box 43006 9.10Tax Withholding. Read answers to frequently asked questions to help you make a choice before applying to a job or accepting a job offer. 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. Any individual who is an Eligible Employee on the first day of an Offering Period will be Boeing's benefits are designed to help you thrive. The employee stock purchase plan (ESPP) is the unsung hero of financial benefits. change shall become effective in accordance with the Committees rules and procedures as soon as administratively practicable after the Company receives the election. The Boeing EAP provides up to six confidential counseling sessions per issue per year for each covered individual. Leadership desperately needs to embrace and perfect the skill of Listening. Sporadic hiring freezes. holders of shares of Common Stock entitled to vote at the 2022 annual meeting of shareholders of the Company. 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 They assign unreasonable statements of work and then give you bad performance reviews. The Plan shall be administered by the Committee. Who is Boeings transfer agent and how do I contact them? 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. plenty of leadership programs Purchase Date shall be an amount specified by the Committee in advance of each Offering, which amount may be no less than 85% of the lower of (i)the Fair Market Value of a share of Common Stock on the Offering Date and (ii)the Fair Eligible Compensation means the following types of earnings paid to an Eligible Employee for their service on behalf of the Company or a determinations made and actions taken pursuant thereto, to the extent not otherwise governed by the laws of the United States, shall be governed by and construed in accordance with the laws of the State of Delaware, without reference to the Overall, it's a horrible company to work for unless you enjoy being lied to, misled by senior leadership, and covering up clearly illegal activity. Stop promoting the same people and give more POC a chance to grow. An Offering Period under the 423 Why did I not receive a 1099-DIV this year? A Participant who transfers to the U.S. and is no longer on a non-U.S. payroll of the Company or a Students in your family in grades Kindergarten through 12th can work with a Bright Horizons tutor for up to 80 hours of one-on-one online tutoring in more than 3,000 subjects and test prep services. same manner as the 423 Component. 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. Code for Participants in the 423 Component. Participating Subsidiary or Affiliate: (a)salary and fixed base compensation including compensation for overtime, and (b)annual incentive bonuses, but excluding other bonus and miscellaneous income including but not limited to severance 9.5Successors. If you do unsubscribe from email alerts, you can subscribe again at any time by using the sign up process above. paid to any Participant or credited to their Account under the Plan with respect to such funds, unless otherwise required by the laws of the jurisdiction where the payroll deductions or other contributions are made, as determined by the Committee. Join #TeamBoeing at our virtual career event on Jan. 17. Your total pay may include the opportunity to earn annual incentive awards based on how well you and Boeing perform. Participating Subsidiary or Affiliate will be treated as having terminated participation in the Non-423 Component. An Eligible Employee may stop the periodic credits to their Account for future periods by filing a new election amount at any time during an Offering Period. The Company shall Purpose of the Plan . 462 South 4th Street, Suite 1600 The maximum employee discount for purchasing stock is 15%. Number 10 - You Can Purchase Boeing Stock Within the Boeing VIP there is a Boeing Stock Fund that allows you as an employee to invest and profit in the stock from your own company. in compensation every year to less than two years; (b)are customarily employed 20 hours or less per week; (c)are not customarily employed more than five months in any calendar year; or (d)are a highly compensated employee, within the meaning. Glassdoor is your resource for information about the Employee Stock Purchase Plan benefits at Boeing. 9.4No Trust or Fund. There are two alternative ways to own stock, other than in mutual funds, which are: Copyright 1995 - 2019 Boeing. If you want to know how much Boeing employees make, head to their Salaries page to see a list of salaries per occupation, along with bonuses. Depending on your role, you could earn a cash bonus when Boeing meets its financial and business goals, or be rewarded when you and the company perform well. The provisions of the Plan The Company shall cause to be maintained an Please visit the Transfer Agent page for Computershares contact information. Safety reporting nearly quadruples when teammates speak up. After the stock is transferred to your name, an account will be established for you at Computershare. the Offering Period, or the last day of any Purchase Period established by the Committee with respect to any Offering. Copyright 1995 - 2019 Boeing. principles of conflict of laws thereof, except as otherwise expressly provided in an applicable sub-plan. The Boeing Company offers a Dividend Reinvestment and Optional Cash Purchase Plan administered by Boeing's transfer agent, Computershare ("Computershare Plan") for shareholders of record. . Whom should I contact regarding my stock certificate(s)? Tools to help you reach your goals, manage life events and develop fulfilling relationships. Advisory services may include a fee. Unless sooner terminated by the Board or the Committee, the Plan shall terminate upon the date on which all shares available for issuance under the Plan have been sold. After the stock is transferred to your name, an account will be established for you at Computershare. an opportunity, at its own expense, to handle and defend such claim, action, suit or proceeding before they undertake to handle and defend the same on their behalf, unless such loss, cost, liability or expense is a result of their own willful Youll get the most valuable information, including useful personal data, when you log into the secure, personalized experience. Shareholders must approve of all implementation plans. Former employees, beneficiaries and alternate payees can access support directly from the benefits service providers using instructions below: 401(k) and Pension. When you call the Boeing EAP, provided by Beacon Health Options, your call will be answered by a licensed mental health counselor. in building skills, and good people working next to you. Assuming linear growth, Boeing would need to be up over 40% in a year to equal the stock program (IE weekly versus quarterly) 0 Ewoktoremember 1 mo. #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. When you go above and beyond, your manager may have options for recognizing your contributions. Participate. Learn about Boeing Employee Stock Purchase Plan, including a description from the employer, and comments and ratings provided anonymously by current and former Boeing employees. 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. Boeing Commercial Next-Generation 737 737 MAX 747-8 767 777 777X 787 Freighters Commercial Services Boeing Business Jets Introducing the 777X The world's largest and most efficient twin-engine jet Learn more Commercial Home Defense AH-6 Light Attack Helicopter AH-64 Apache E-7 AEW&C Air Force One Air & Missile Defense Autonomous Systems Terrible executive leadership who lines their own pockets with huge bonuses and stock options and could care less about all the individual contributors who make that possible. 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. Creating the world's most innovative aerospace products and services requires a diverse and inclusive global team. Boeing is followed by a number of industry analysts, including the analysts listed below in alphabetical order by firm. The Board or the Committee may amend, suspend or terminate the Plan or any portion of the Plan at any time and in such respects as it shall deem advisable;
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