Whom should I contact regarding my stock certificate(s)? Please visit the Transfer Agent page for Computershares contact information. The stock plan allows U.S. employees to use accumulated after-tax payroll deductions to purchase Boeing Company stock at a discount. Without limiting the generality of the foregoing, the Committee is specifically authorized to adopt rules and procedures regarding eligibility to participate, the application of the definition of Eligible Compensation to participants on 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Common Stock reserved for issuance under the Plan and Section6.2(b) regarding the Purchase Price, but unless otherwise superseded by the terms of such The clinical information contained in the information is intended as a supplement to . that are subject to outstanding Options, and (d)the appropriate value and other price determinations applicable to Options. authority or responsibilities under this Plan to an Authorized Officer, references to Committee shall be construed as referring to such Authorized Officer where context demands. An employee stock purchase plan (ESPP) is an organizational-wide stock plan that is offered to employees who meet specific requirements. To the extent any The Purchase Price per share of Common Stock to be paid by each Participant on each Your dividends are delivered to your broker, bank, or other nominee, who distributes the dividends to you. The Company shall cause to be maintained an 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. 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. Boeing-sponsored program eligibility may differ for subsidiaries, certain business unit programs and union-represented employees. lots of travel opporuntity The foregoing right of indemnification shall not be exclusive of any other rights of 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. 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. 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 Health insurance is average. When you participate in the Boeing 401(k), youll have access to investment advice, including: Advisory services are provided only by Financial Engines Advisors L.L.C., a federally registered investment advisor. What are other benefits and incentives like at Boeing. sub-plan, the provisions of this Plan shall govern the operation of such sub-plan. After all, Medicare wont cover everything, and I dont want a big medical expense to derail my dreams.*. Boeing-sponsored program eligibility may differ for subsidiaries, certain business unit programs and union-represented employees. How many absolute shares are outstanding? Purchase Period 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 of the total combined voting power or value of all classes of stock of the Company or any Subsidiary. deemed amended without, in the Committees determination, materially altering the intent of the Plan or the Option, such provision shall be stricken as to such jurisdiction, person or Option, and the remainder of the Plan and any such Option If any provision of the Plan or any Option is determined to be invalid, illegal or unenforceable in any Such Eligible Employees may participate in an Offering of the 423 Component that begins on or Fractional share certificates are not issued. Event RSS Feed Do you have another question that hasnt been answered? 5.2Leaves of Absence. Press Release RSS Feed 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. Please visit our Analyst Coverage page for additional details. An employee stock purchase plan (ESPP) is a company-run program in which participating employees can purchase company stock at a discounted price. When you call the Boeing EAP, provided by Beacon Health Options, your call will be answered by a licensed mental health counselor. .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). Recognize and Reward. Management needs to pay overtime for expected additional hours worked. Except as otherwise provided in the Plan, the Non-423 Component will operate and be administered in the same manner as the 423 Component. Fully funding my Health Savings Account can protect my plans. contract, the employment relationship will be deemed to have terminated on the first day immediately following the end of the three-month period, or such other period specified in Treasury Regulation for such Offering of the Non-423 Component. Boeings benefits are designed to help you thrive. other objectives for Eligible Employees, the Company, and its Participating Affiliates, as applicable. Free money Boeing matches your contributions dollar for dollar, up to 10% of eligible pay for most nonunion employees. Our best-in-class benefits and programs set us apart and help you and your family live great lives. The seller of the stock would receive it. 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. I contribute pre-tax dollars, and I wont be taxed when my balance grows. The "ex" date is established by the New York Stock Exchange and applies only to trades on the New York Stock Exchange. 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. Credits to an Eligible Employees Account shall be made by payroll deduction or by other alternate payment 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 Authorized Shares. 6.3Rights on Termination The adoption of the Plan shall Nothing contained herein shall require the Company to segregate any monies or other property, or shares of Common Stock, or to create any trusts, or to make any special deposits for any immediate or deferred amounts All Rights Reserved. The buyer of an ex-dividend stock is not entitled to the next dividend payment. leadership is old school - being a millennial is tough in Boeing. participate and a payroll deduction authorization with the Committees designee. If you hold less than 50 shares, dividend checks will be sent to you through the mail or, you can receive your dividend checks faster by choosing Direct Deposit of Dividend Checks. 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). Glassdoor is your resource for information about the 401K Plan benefits at Boeing. Human Resources Generalist salaries ($56k), Aviation Maintenance Technician salaries ($64k), Supply Chain Management Analyst salaries ($57k). Tools to help you reach your goals, manage life events and develop fulfilling relationships. Either way, youve got options for working toward a healthier you. All obligations of the Company under the Plan with respect to Options shall be binding on any successor 9.2No The Committee may Toll Free: 1-888-777-0923. International: 1-781-575-2879. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Former N/C Planning-Programming airplane parts in Saint Louis, MO, Missouri. Computershare 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. There are two main types of plans - qualified and non-qualified plans. PO Box 43006 When you go above and beyond, your manager may have options for recognizing your contributions. 9.5Successors. Compensation. Health insurance is average. Option to comply with Section409A of the Code. There are two alternative ways to own stock, other than in mutual funds, which are: Copyright 1995 - 2019 Boeing. Fractional share certificates are not issued. How do I get a copy of the Annual Report and/or other SEC filings? (d)Purchase Limitations. Former employees, beneficiaries and alternate payees can access support directly from the benefits service providers using instructions below: 401(k) and Pension. or deliver any shares of Common Stock under the Plan unless, in the opinion of the Companys counsel, such issuance, delivery or distribution would comply with all applicable laws (including, without limitation, the requirements of the or an Authorized Officer of the Company to whom authority was delegated in accordance with Section3 shall be indemnified and held harmless by the Company against and from any loss, cost, liability or expense that may be imposed upon or Base Pay, Incentives & Recognition. By Scott Bishop and Tom Mountain If you own stock that you purchased from the Boeing Employee Stock Purchase Plan, you may be able to gain some tax benefit from an election that the IRS allows for employee shareholders. Employee stock purchase plan administration solutions. 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. An Offering Period under the 423 Upon exercise of an Option by a Participant pursuant to Section6.2(a), the Company shall cause whole and/or fractional Reviewed by: Machinist in Puyallup, WA (Current Employee), Stingy with pay increases & promotions For those dates that fall on a weekend no data is available. non-U.S. jurisdiction and/or employed outside the United States, the terms of which sub-plans may take precedence over other provisions of this Plan, with the exception Glassdoor is your resource for information about the Employee Stock Purchase Plan benefits at Boeing. responsibilities under the Plan to a subcommittee of the Board or to any Authorized Officer. 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. How can I choose electronic delivery of shareholder materials? Subject to the limitation in 6.1(a), on each Purchase Date, the entire Account of each Participant May 16, 1997. 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. (c)Accounts. The Or, under the Computershare Plan, you can make "optional cash investments" without reinvesting dividends if you own one or more shares. You must click the link in the email to activate your subscription. 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. A. Participating , no stock options. Under the Computershare Plan, you are eligible to participate in Dividend Reinvestment only if you own 50 or more shares. June 6, 1997. If you do unsubscribe from email alerts, you can subscribe again at any time by using the sign up process above. Notwithstanding the foregoing, the Company and any of its Subsidiaries or Affiliates shall have no obligation to reimburse, indemnify or hold harmless a Participant or any other party if an Option No Eligible Employee will be permitted to purchase more than 2,000 shares of Common Your broker can then transfer the shares to you, so that the stock will be held in your name, as opposed to the broker's name. Computershare is Boeing's transfer agent: Computershare Investor Services. Glassdoor is your resource for information about the Employee Stock Purchase Plan benefits at Boeing. treasury shares. Average pay, no stock options. Opportunities for continuous learning, development and growth. 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. Where can I get Boeings historical Annual Reports? The Plan includes two components: (a) a component intended to qualify as an employee stock purchase plan misconduct or except as expressly provided by statute. Participating Affiliate means any Affiliate designated by the Committee from time to time as eligible to participate in the Non-423 Component of the Plan, and that adopts the Plan as a Participating Affiliate. Connect now. payment of interest is required by the laws of any applicable jurisdiction. To receive notifications via email, enter your email address and select at least one subscription below. 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