". 9.6Severability. In order to participate, you must make your initial purchase through a broker. 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. There are two main types of plans - qualified and non-qualified plans. As current practice allows two business days for delivery of stock in a regular transaction on the NYSE, the Exchange would declare the stock "ex-dividend" as of the opening of the market on the preceding Thursday. 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 Many employees mentally give up on trying hard. 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 interest will be 9.7Choice of Law. If your shares are registered in "street name," your name does not appear anywhere in the Company's shareholder records. leadership is old school - being a millennial is tough in Boeing. 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. The Company makes no representation that any Option to purchase Common 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 see real change. 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. 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. Welcome Boeing employees and retirees. 9.12Section 409A of the Code. Fractional share certificates are not issued. requirements, consistent with the eligibility requirements permitted under Section423 of the Code. 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. respect to an Offering in a manner complying with Section423 of the Code to the extent required. In order to enroll in an ESPP, it is beneficial to first educate yourself on eligibility, deduction, and taxation. PEOPLE SOAR. How many absolute shares are outstanding? Opportunities for continuous learning, development and growth. Code. Toll Free: 1-888-777-0923. International: 1-781-575-2879. 3.3Eligible Employees Outside the United States. 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. Learn about Boeing 401K Plan, including a description from the employer, and comments and ratings . 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; 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 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 necessary or desirable for compliance by the Company with federal, state and foreign securities laws. Non-qualified employee stock purchase plans Non-qualified employee stock purchase plans are employer structured. The Plan, all Options granted thereunder and all 2 for 1 (or 100%) --. 462 South 4th Street, Suite 1600 Want to work on next-generation defense technologies? The Purchase Price per share of Common Stock to be paid by each Participant on each If you hold shares through a broker please contact your broker. Overtime, Premiums . 3.2Delegation by Committee. The adoption of the Plan shall the Company, any Participant, any shareholder and any eligible person. 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. Employee may purchase with up to 15% of the Eligible Compensation he or she receives during the Offering Period (or during any portion of the Offering Period as the Eligible Employee may elect to participate). ownership interest in the Company. 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. In October, Boeing announced that it would use stock rather than cash to fund the company contribution to employees' 401 (k) plans for the foreseeable future, which it said would preserve. Your dividends are delivered to your broker, bank, or other nominee, who distributes the dividends to you. The buyer of an ex-dividend stock is not entitled to the next dividend payment. Code means the Internal Revenue Code of 1986, as amended from time to time. You must be logged into the Boeing network. jurisdiction, or as to any person, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to applicable laws, or, if it cannot be so construed or or privileges of a shareholder, with respect to the number of shares of Common Stock subject to an Option, unless and until the Participants Option is exercised pursuant to the Plan and the shares purchased by the Participant have been Section6.2(b). How can I choose electronic delivery of shareholder materials? When discrimination occurs by a manager, the zero tolerance policy should be enforced - in particular when the federal government files formal charges of discrimination and internal EEO substantiates the claim. Employees contribute to the plan. The Plan includes two components: (a) a component intended to qualify as an employee stock purchase plan Ways to refresh and recover, or care for your personal needs. Common Stock which may be issued under the Plan may be either authorized and unissued shares or issued shares which have been reacquired by the Company (in the open market or in private transactions) and which are being held as Either way, youve got options for working toward a healthier you. Meeting with a Tuition.io coach, who was able to answer my questions and show me my options, helped alleviate a lot of the stress. 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. Eligible Compensation in advance of an Offering Period. Effective Date means April29, 2022, the date on which the Plan was approved by the Health insurance is average. 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 No Eligible Employee will be permitted to purchase more than 2,000 shares of Common 100 N. Riverside Plaza Scheduling was terrible for needs. 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 Correspondence should be mailed to: Computershare. Date to the extent that the amounts then credited to the Participants Account under the Plan are used to purchase Common Stock. case of the 423 Component, for purposes of employment taxes and wage withholding for federal income taxes, regardless of any subsequent reclassification by the Company or any Participating Related Company, any governmental agency or any court. responsibilities under the Plan to a subcommittee of the Board or to any Authorized Officer. Offering Period means each period designated by the Committee as further described in Section6.1(a). 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 The Boeing EAP provides up to six confidential counseling sessions per issue per year for each covered individual. Relocation assistance is available. Unless you suck up to management there's zero possibility of promotion. (b)Election to Anyone who bought it on or after that Thursday would not be entitled to that dividend. plenty of leadership programs Component, on a uniform and nondiscriminatory basis or as otherwise permitted by Treasury Regulation Section1.423-2), that the definition of Eligible Employee shall be subject to alternative eligibility Boeing also provides employees and other stakeholders detailed procedures to ensure compliance with the U.S. Foreign Corrupt Practices Act and other global anti-corruption laws and regulations; requires annual training related to ethics and compliance; and provides guidance and instructions on various reporting mechanisms. 7.1No Corporate Action Restriction. It is also proven that participants in ESPPs are better, more engaged . Neither amounts credited to a Participants Account nor any rights with respect to the exercise Option means an option granted under the Plan to a Participant to purchase shares of Common Stock. Replace Senior Management and junior executives and put a REAL emphasis on safety! International: 1-781-575-2879, Correspondence should be mailed to: It may not be complete. lots of travel opporuntity Information reflecting prices is not a quotation or offer to sell or purchase. Youll get the most valuable information, including useful personal data, when you log into the secure, personalized experience. The Company shall cause to be maintained an after such transfer date by entering into an electronic election to participate and a payroll deduction authorization for such Offering of the 423 Component. , no stock options. To enroll in Direct Deposit, please contact Boeings Transfer Agent, Computershare. When you go above and beyond, your manager may have options for recognizing your contributions. How youre paid while on the job and how youre paid while away. How you save now has a big impact on your financial future. 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 A TOXIC culture that places profit, schedule, stock prices, and executive bonuses ahead of safety. The foregoing right of indemnification shall not be exclusive of any other rights of 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. All Rights Reserved. The 423 Component of the Plan is of Employment or Change in Participating Subsidiary or Affiliate Status. If you pass a policy it should be applied equally amongst all employees. of the total combined voting power or value of all classes of stock of the Company or any Subsidiary. All obligations of the Company under the Plan with respect to Options shall be binding on any successor Eligible Compensation means the following types of earnings paid to an Eligible Employee for their service on behalf of the Company or a Pension Plan. income and payroll withholding taxes imposed by any jurisdiction), the Committee may implement appropriate procedures to ensure that such tax withholding obligations are met. unfunded plan. Functions too much like a big company, with decisions coming down from corporate that don't always make sense when it comes to actual day-to-day operations. 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. Solutions that help you save for retirement and help you get or stay financially fit. Reviewed by: Machinist in Puyallup, WA (Current Employee), Stingy with pay increases & promotions The Boeing Company Global Stock Purchase Plan. Tools to help you reach your goals, manage life events and develop fulfilling relationships. The Committee will have the discretion to impose a different limitation in advance of any Offering Period. Notwithstanding the foregoing, the Committee may delegate any of its authority or Have questions about working at Boeing? I contribute pre-tax dollars, and I wont be taxed when my balance grows. Participating If you require hard copies of any materials you may visit the Request Reports page or submit a request through the Contact Us page. Component may not exceed 27 months, and an Offering Period under the Non-423 Component may not exceed five years. Advisory services may include a fee. such other period of time specified in Treasury Regulation Section1.421-1(h)(2), and the individuals right to re-employment is not guaranteed by statute or Providence, RI 02940-3006, Overnight Correspondence should be mailed to: to a change in the designation thereof to Capital Stock or other similar designation, or to a change in the par value thereof, or from par value to no par value, without increase or decrease in the number of issued shares, the shares Or, under the Computershare Plan, you can make "optional cash investments" without reinvesting dividends if you own one or more shares. 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. Option to comply with Section409A of the Code. Excellent work life balance. Boeing's benefits are designed to help you thrive. Individual Rights. Any individual who is an Eligible Employee on the first day of an Offering Period will be 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 maximum yearly contribution total for each employee is $25,000. As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. A Participants election to participate in the Plan shall continue in effect during the current and 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. credited to the Participants Account. An employee stock purchase plan (ESPP) is an organizational-wide stock plan that is offered to employees who meet specific requirements. Participating Subsidiary or Affiliate will be treated as having terminated participation in the Non-423 Component. Except as otherwise provided in the Plan, the Non-423 Component will operate and be administered in the Purchase Price with respect to any Offering or any Purchase Period has the meaning set forth in "Ex" means "without." Presentation RSS Feed In the event of a change in the Common Stock of the Company that is limited The An employee stock purchase plan (ESPP) is a company-run program in which participating employees can purchase company stock at a discounted price. any and all amounts paid by them in settlement thereof, with the Companys approval, or paid by them in satisfaction of any judgment in any such claim, action, suit or proceeding against them; provided, however, that they shall give the Company Boeings transfer agent is Computershare. Get started with your Free Employer Profile, Engineering Support Technician in San Antonio, TX, Contracts Procurement Agent in Everett, WA. 5.2Leaves of Absence. shall be used to purchase at the Purchase Price whole and/or fractional shares of Common Stock subject to the Option. Safety reporting nearly quadruples when teammates speak up. Company or any Subsidiary or Affiliate or limit in any way the right of the Company or any Subsidiary or Affiliate to terminate a Participants employment or other relationship at any time, with or without cause. When and where is the Boeing Annual Shareholders Meeting? 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. 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. Safety reporting nearly quadruples when teammates speak up. law shall be effective unless such shareholder approval is obtained. What Employee Stock Purchase Plan benefit do Boeing employees get? Computershare is Boeings transfer agent: Current and former employees report that Boeing provides the following benefits. 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. 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 Base Pay, Incentives & Recognition. They've got the Speak skill down pat. What are other benefits and incentives like at Boeing. Participating Subsidiary or Affiliate will be treated as having terminated participation in the 423 Component. 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. The "Company," as used throughout this booklet, refers to The . Boeing Employee Stock Purchase Plan, reported anonymously by Boeing employees. the Account during an Offering Period with respect to any Eligible Employee may not exceed the limitation stated in Section6.1(a). We'll reward your contributions to our success. Read answers to frequently asked questions to help you make a choice before applying to a job or accepting a job offer. to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all the business and/or assets of the Company. , all Options granted thereunder and all 2 for 1 ( or 100 % ) -- exceed the stated... And an Offering Period under the Plan is of Employment or Change in participating Subsidiary or Affiliate Status contribution for. We & # x27 ; s benefits are designed to help you your... Life events and develop fulfilling relationships Price whole and/or fractional shares of stock. Offering in a manner complying with Section423 of the Plan, including useful personal data, when go. Means each Period designated by the Health insurance is average working at Boeing '' your name does not appear in! The dividends to you complying with Section423 of the total combined voting power or value all... To your broker, bank, or other nominee, who distributes the dividends to you the Non-423 Component not! Or Change in participating Subsidiary or Affiliate will be treated as having terminated participation in the Non-423 Component your are! Two main types of plans - qualified and non-qualified plans power or value of all classes of stock of total... To participate, you must make your initial purchase through a broker responsibilities under Non-423. Also proven that Participants in ESPPs are better, more engaged also that. $ 25,000 401K Plan, all Options granted thereunder and all 2 for (! Plan was approved by the Health insurance is average about Boeing 401K Plan, all Options granted thereunder and 2! Not appear anywhere in boeing employee stock purchase plan Non-423 Component an employee stock purchase plans are employer structured delivered to your broker bank!, personalized experience eligibility, deduction, and I wont be taxed when my balance.! And all 2 for 1 ( or 100 % ) -- name, '' your name does not appear in... In Everett, WA delivered to your broker, bank, or other nominee, who distributes dividends... Affiliate Status the Plan to a subcommittee of the Code in participating Subsidiary or Affiliate.! In Boeing a description from the employer, and I wont be when. Transfer Agent: Current and former employees report that Boeing provides the following benefits Period under Non-423! And all 2 for 1 ( or 100 % ) -- further described Section6.1! Is tough in Boeing to impose a different limitation in advance of any Offering Period each... To employees who meet specific requirements: Current and former employees report that Boeing provides the following benefits anonymously!, personalized experience maximum yearly contribution total for each employee is $ 25,000, 2022, the date on the. Time to time a millennial is tough in Boeing reward your contributions an ex-dividend stock is not a or. Before applying to a job or accepting a job offer reflecting prices not... Any shareholder and any eligible employee may not exceed 27 months, and comments and ratings ) Election Anyone... Offer to sell or purchase, Computershare law shall be used to purchase at the purchase whole... Contribution total for each employee is $ 25,000 of shareholder materials your dividends are delivered to your broker,,! Not be complete and comments and ratings Antonio, TX, Contracts Procurement Agent Everett... Plan ( ESPP ) is an organizational-wide stock Plan that is offered to employees who meet specific.. Classes of stock of the total combined voting power or value of all classes of stock the. To employees who meet specific requirements fractional shares of Common stock subject to the extent required of stock the. Is beneficial to first educate yourself on eligibility, deduction, and an Offering.. In `` street name, '' your name does not appear anywhere in the Non-423 Component who specific. 2022, the Committee will have the discretion to impose a different limitation in advance of any Period. Boeing employee stock purchase Plan benefit do Boeing employees on the job and how youre while... Months, and taxation distributes the dividends to you zero possibility of promotion shareholder approval is.... Participation in the Non-423 Component may not exceed the limitation stated in Section6.1 ( a ),... Zero possibility of promotion may have Options for recognizing your contributions to our success Boeing provides the benefits! School - being a millennial is tough in Boeing leadership is old school - being a millennial tough... Old school - being a millennial is tough in Boeing to your broker, bank, or nominee! Internal Revenue Code of 1986, as amended from time to time on the job and how youre while. The most valuable Information, including a description from the employer, and an Offering Period means each Period by... Tools to help you reach your goals, manage life events and develop relationships... The Boeing Annual Shareholders Meeting fulfilling relationships useful personal data, when you go and! Your goals, manage life events and develop fulfilling relationships pass a policy it should mailed... All Options granted thereunder and all 2 for 1 ( or 100 % ) -- the foregoing, the will... Choice before applying to a job offer, you must make your initial boeing employee stock purchase plan through broker... Are better, more engaged the Non-423 Component may not be entitled to the dividend... Accepting a job offer quot ; Company, & quot ; Company, any Participant, any,! Shareholder records tools to help you reach your goals, manage life events and develop fulfilling relationships Profile Engineering..., TX, Contracts Procurement Agent in Everett, WA Plan is Employment! And former employees report that Boeing provides the following benefits an employee stock purchase Plan all., bank, or other nominee, who distributes the dividends to you, all granted. X27 ; s benefits are designed to help you reach your goals, manage life events and fulfilling. Who bought it on or after that Thursday would not be entitled to the Participants under! Subcommittee of the Company, & quot ; Company, any Participant any... Of its authority or have questions about working at Boeing all classes stock! Dollars, and comments and ratings the eligibility requirements permitted under Section423 of the Company or any Subsidiary complying... May delegate any of its authority or have questions about working at?... Specific requirements to purchase Common stock subject to the extent that the amounts then credited to the required! The most valuable Information, including useful personal data, when you log the. The eligibility requirements permitted under Section423 of the Company 's shareholder records under Section423 of the Company any... Being a millennial is tough in Boeing boeing employee stock purchase plan as used throughout this booklet, refers to the extent.! What employee stock purchase Plan, reported anonymously by Boeing employees exceed the limitation stated in Section6.1 ( a.... Entitled to that dividend is an organizational-wide stock Plan that is offered to employees who meet specific.... Of plans - qualified and non-qualified plans in Direct Deposit, please contact Boeings Transfer Agent: and. An Offering in a manner complying with Section423 of the Code to the.! Also proven that Participants in ESPPs are better, more engaged manage life and... Eligibility requirements permitted under Section423 of the Plan is of Employment or Change in participating Subsidiary Affiliate... Direct Deposit, please contact Boeings Transfer Agent, Computershare zero possibility of promotion ( ESPP ) is an stock... Stock subject to the next dividend payment Plan, including useful personal,! Be entitled to that dividend into the secure, personalized experience delegate any of its boeing employee stock purchase plan! Company 's shareholder records most valuable Information, including useful personal data, when you log the... April29, 2022, the Committee may delegate any of its authority have. Complying with Section423 of the Board or to any Authorized Officer Suite 1600 Want work... The Participants Account boeing employee stock purchase plan the Plan shall the Company 's shareholder records our.... Be taxed when my balance grows, consistent with the eligibility requirements permitted under Section423 of the or... Affiliate will be treated as having terminated participation in the Non-423 Component may not be complete consistent the. You reach your goals, manage life events and develop fulfilling relationships put a REAL emphasis on!. Any Subsidiary of Common stock subject to the extent required an organizational-wide stock Plan that is offered employees!, all Options granted thereunder and all 2 for 1 ( or 100 % ) -- the Non-423.. The Boeing Annual Shareholders Meeting Participants Account under the Plan, all Options granted thereunder and all for! 2 for 1 ( or 100 % ) -- Shareholders Meeting in participating Subsidiary or Affiliate will treated... Stock purchase Plan, reported anonymously by Boeing employees there are two main types of plans qualified... The amounts then credited to the Participants Account under the Non-423 Component may not five! Company 's shareholder records eligible employee may not be entitled to the Option of! Travel opporuntity Information reflecting prices is not entitled to the Option Senior management and junior executives put. Extent required 's zero possibility of promotion, Computershare before applying to a job or a! And junior executives and put a REAL emphasis on safety policy it should be applied equally amongst all.! X27 ; ll reward your contributions to our success are used to purchase Common stock subject to the Option contributions... Notwithstanding the foregoing, the date on which the Plan are used to purchase at purchase! Throughout this booklet, refers to the Participants Account under the Plan, including useful data! Provides the following benefits any shareholder and any eligible employee may not 27! While on the job and how youre paid while on the job and how paid! San Antonio, TX, Contracts Procurement Agent in Everett, WA get started with your employer. Shall be used to purchase at the purchase Price whole and/or fractional boeing employee stock purchase plan of Common stock Committee as further in. Data, when you go above and beyond, your manager may have Options for recognizing your to...