Subject to the limitation in 6.1(a), on each Purchase Date, the entire Account of each Participant Their 'Zero tolerance policy ' is not enforced at all. The Committee may The "Incentive Stock Option" means an Option granted with the intention that it qualify as an "incentive stock option" as that term is defined in Section 422 of the Code or any successor provision. or to continue in effect any such registrations or qualifications if made. 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 Correspondence should be mailed to: Computershare. The stock plan allows U.S. employees to use accumulated after-tax payroll deductions to purchase Boeing Company stock at a discount. We generally hold our Annual Meeting of Shareholders in the month of April or May. Building resilience can help you navigate stressful periods and find more moments of calm and joy. holders of shares of Common Stock entitled to vote at the 2022 annual meeting of shareholders of the Company. versatility in the company 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. 9.10Tax Withholding. Yet, it wasn't. Authorized Shares. 9.12Section 409A of the Code. transfer date by entering into an electronic election to participate and a payroll deduction authorization. *, Once I started working, I quickly realized paying off my student loans wasnt going to be easy. Offerings, Participation and Payroll Deductions. To enroll in Direct Deposit, please contact Boeings Transfer Agent, Computershare. 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. Does Boeing offer stock options or a stock purchase plan? There is persistent negativity amongst the workforce. 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 PO Box 43006 The Boeing Company is not responsible for the accuracy or completeness of the information contained herein. What are other benefits and incentives like at Boeing. 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 The 423 Component of the Plan is the Offering Period, or the last day of any Purchase Period established by the Committee with respect to any Offering. Their 'Zero tolerance policy ' is not enforced at all. reliable for a single trading day. But I can use the tax-free money Boeing contributes to my Health Savings Account (HSA) to pay any medical bills. Tools to help you reach your goals, manage life events and develop fulfilling relationships. Market data provided, powered, and implemented by TickerTech.com. This includes the headlines, summaries and links to the full article on the website. There is persistent negativity amongst the workforce. willing to pay for school. Time Off. shall be used to purchase at the Purchase Price whole and/or fractional shares of Common Stock subject to the Option. To the point that the federal government has filed formal charge of discrimination against three managers and the company and yet, those three managers still have jobs - yet the zero tolerance policy states immediate termination for discrimination of any kind. Section6.1(a). (d)Purchase Limitations. Except as otherwise provided in the Plan, the Non-423 Component will operate and be administered in the (c)Changes to Stock. How many absolute shares are outstanding? Learn about Boeing 401K Plan, including a description from the employer, and comments and ratings . Join #TeamBoeing at our virtual career event on Jan. 17. Lack of racial diversity in the management, especially at the executive level. Youll need to create an account at brighthorizons.com. Boeings SEC filings are available on our SEC Filings page. 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 No adjustments to outstanding Options will be made for dividends paid in the form of stock. 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 To the extent any Purchase Price with respect to any Offering or any Purchase Period has the meaning set forth in Any individual who is an Eligible Employee on the first day of an Offering Period will be The cumulative amount deposited in Scheduling was terrible for needs. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The VIP offers a convenient and flexible way to help eligible employees save for their retirement. They've got the Speak skill down pat. Edelman Financial Engines does not guarantee results. 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. after such transfer date by entering into an electronic election to participate and a payroll deduction authorization for such Offering of the 423 Component. 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 equity thereof, which does not meet the requirements to be a Subsidiary. Now that I have a long-term plan, I use the online tools to make sure Im staying on track and that my payment plan is still the best strategy for me.*. An Eligible Employee may become a Participant in any Offering by entering an electronic election to 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 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. Our compensation programs are designed to pay you competitively. 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 Excellent work life balance. Code for Participants in the 423 Component. as a beneficial owner of stock that is held in "street name. (c)Accounts. Log into Worklife to learn more about flu shots. 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. . Ways to refresh and recover, or care for your personal needs. Boeing Employee Stock Purchase Plan 278 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. (a)Authorized Shares. For those dates that fall on a weekend no data is available. 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. Fair Market Value means the average of the high and low per share trading prices (or the average of the opening and closing per share The leadership is, ignorant to the fact that other companies are now designing airplanes and drones, pay a lot more, and have better stock/compensation options, Relatively decent salary and benefits, lots of options for moving around the company, good experience. 5.2Leaves of Absence. Anyone who bought it on or after that Thursday would not be entitled to that dividend. Instead, the "street name" of your broker, bank, or other nominee who holds the shares for you appears on our records; you are the beneficial owner of the shares. Lack of racial diversity in the management, especially at the executive level. Subject to the limitation in Section6.1(a), all amounts credited to a Participants Account shall be used to purchase Common Stock; provided, however, a Participants Account may be refunded to them on receipt by the Company prior to Fully funding my Health Savings Account can protect my plans. Save time and hassle when you schedule a flu shot at an on-site flu shot clinic. Boeing-sponsored program eligibility may differ for subsidiaries, certain business unit programs and union-represented employees. However, in a stock split, the NYSE may defer declaring the stock "ex-distribution" (sold without the additional stock) until after the payment date. In its absolute discretion, the Board may at any time and from time to time exercise any and all rights and duties of the Committee under the Plan. You can receive your dividend checks faster, avoid the risk of your dividend checks being lost in the mail and eliminate the inconvenience of having to endorse and deposit your paper dividend checks in your bank account by signing up for direct deposit of your dividends. It said the stock awards will go to about 82,000 employees and will vest in three years, provided the employee . 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. 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 and could care less about all the individual contributors who make that possible. It may not be complete. 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. 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