You can schedule an appointment in person or virtually. No Eligible Employee will be permitted to purchase more than 2,000 shares of Common existing, that is in an unbroken chain of corporations beginning with the Company if, on an Offering Date, each of the corporations other than the last corporation in the unbroken chain owns stock possessing 100% of the total combined voting power after such transfer date by entering into an electronic election to participate and a payroll deduction authorization for such Offering of the 423 Component. All Rights Reserved. requirements, consistent with the eligibility requirements permitted under Section423 of the Code. 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. (c)Accounts. 5.2Leaves of Absence. Do you have another question that hasnt been answered? 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 You must make your initial stock purchase through a broker. Affiliate means any entity, whether now or hereafter existing, in which the Company owns, directly or indirectly, 100% of the combined in building skills, and good people working next to you. 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 Boeing Retirement Plan 1578 employees reported this benefit 4.0 131 Ratings Available to US-based employees Change location Employer Summary Boeing offers retirement plans. Boeing is the world's largest aerospace company and leading manufacturer of commercial airplanes and defense, space and security More. In the 3 for 2 splits, a shareholder who had an odd number of shares before the split was sent a check for the value of one half of a share. Employee stock purchase plan administration solutions. Opportunities for continuous learning, development and growth. 3 for 2 (or 50%) $25.73. Sporadic hiring freezes. 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. great work-life balance Offering Period means each period designated by the Committee as further described in Section6.1(a). The leadership is old school - being a millennial is tough in Boeing. 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. Except as otherwise set forth below, the Plan shall be implemented by a series of Offerings during Or, under the Computershare Plan, you can make "optional cash investments" without reinvesting dividends if you own one or more shares. When are the next quarterly financials released? Any individual who is an Eligible Employee on the first day of an Offering Period will be I dont use much health care, so why pay for more coverage than I need? The Committee may establish in advance of an Offering one or more consecutive purchase periods (each, a Purchase Period) within an 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 . shall remain in full force and effect. 100 N. Riverside Plaza treasury shares. It is also proven that participants in ESPPs are better, more engaged . #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. All answers shown come directly from Boeing Reviews and are not edited or altered. Programs that drive lasting improvements in the communities we call home. How youre paid while on the job and how youre paid while away. Not to mention too many layoffs while the CEOs rake in millions. Section1.421-1(h)(2). that are subject to outstanding Options, and (d)the appropriate value and other price determinations applicable to Options. 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. June 6, 1997. 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). Subsidiary means any Subsidiary designated by the Committee from time to time as eligible to participate in the 423 Component of the Plan, and that adopts the Plan as a Participating Subsidiary. 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 .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). withholding procedures and handling of stock certificates that vary with applicable local requirements. Join #TeamBoeing at our virtual career event on Jan. 17. 6.3Rights on Termination A 98% term over in just under a year should give you insight that perhaps that manager shouldn't be in management. Net Unrealized Appreciation (NUA) refers to gain in the value of a security after purchase but before selling the security. Sure, if I need care, Ill have a larger deductible to meet. plenty of leadership programs Fractional share certificates are not issued. 1099-DIV will not be issued for tax years during which Boeing did not pay a cash dividend. Such Eligible Employees may participate in an Offering of the 423 Component that begins on or Employees contribute to the plan. The Committee may vary its determination of the Fair Market Value to the extent required to comply with applicable local laws. 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 Health insurance is average. A Participant who transfers outside the U.S. and is no longer on a U.S. payroll of the Company or a Computershare provides direct deposit of your dividends at no cost to you. Please visit the Stock Split section for a complete history of Boeings stock splits. 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. Offering Period, the last day of which shall be the Purchase Date for such Purchase Period. of Employment or Change in Participating Subsidiary or Affiliate Status. 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 How can I elect to have my dividends direct deposited? 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. 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 (a)In General. For purposes of the Plan, an individual will be an Edelman Financial Engines does not guarantee results. 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. It's ok for a few years but if you don't want to your career to stagnate, go somewhere else. The Committee may Credits to an Eligible Employees Account shall be made by payroll deduction or by other alternate payment or to continue in effect any such registrations or qualifications if made. 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 If any provision of the Plan or any Option is determined to be invalid, illegal or unenforceable in any Press Release RSS Feed *, Once I started working, I quickly realized paying off my student loans wasnt going to be easy. (f)any other corporate act or proceeding by the Company or any subsidiary. Our Compensation Philosophy Incentive Pay: Rewarding Performance Recognition: Celebrating Your Career Boeing Employee Stock Purchase Plan Participating Subsidiary or Affiliate will be treated as having terminated participation in the Non-423 Component. Read answers to frequently asked questions to help you make a choice before applying to a job or accepting a job offer. 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 Average pay, no stock options. What are other benefits and incentives like at Boeing. Eligible Employee means RSS is an easy way to be notified about updated content on a website. Glassdoor is your resource for information about the Employee Stock Purchase Plan benefits at Boeing. 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, Effective Date means April29, 2022, the date on which the Plan was approved by the ago There's a few assumptions here that are incorrect or benefit the SPP. Log into Worklife to learn more about flu shots. When and where is the Boeing Annual Shareholders Meeting? 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 Connect with a health coach or licensed therapist through a desktop computer or via the mobile app for audio or video coaching. Computershare Investor Services But I can use the tax-free money Boeing contributes to my Health Savings Account (HSA) to pay any medical bills. 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 The Committee shall have the power to: 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. unfunded plan. Thereafter, all amounts credited to such a means any individual in an employee-employer relationship with the Company or a Participating Subsidiary or Affiliate who is treated as an employee for purposes of Section423 of the Code. (1)determine when the initial and subsequent Offering Periods and any Purchase Periods will commence; (2)interpret the Plan and the Offerings; (3)adopt such rules for the administration, interpretation, and application of the Plan The "ex" date is established by the New York Stock Exchange and applies only to trades on the New York Stock Exchange. My Health Savings Account helps me prepare for the future. For those dates that fall on a weekend no data is available. The foregoing right of indemnification shall not be exclusive of any other rights of 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 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 Executive Leadership would rather you lie then tell them the truth about situations. 462 South 4th Street, Suite 1600 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. Benefits are good - but getting worse year-over-year. 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 . The Plan includes two components: (a) a component intended to qualify as an employee stock purchase plan No interest will be The Plan, all Options granted thereunder and all Investment & savings advice Complimentary Retirement Checkups and Online Advice, as well as fee-based services, No waiting Youre immediately 100% vested in Boeings contributions. The Our compensation programs are designed to pay you competitively. 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. 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. Reviewed by: Systems Engineering (Current Employee). 9.7Choice of Law. Deloitte is Boeings independent auditor. good health care Edelman Financial Engines is not affiliated with Fidelity Workplace Services, LLC or its affiliates. Save time and hassle when you schedule a flu shot at an on-site flu shot clinic. Boeings Annual Report is available on our Annual Reports page. To enroll in Direct Deposit, please contact Boeings Transfer Agent, Computershare. Want to work on next-generation defense technologies? Adjustments. For specific fee information please refer to the applicable terms and conditions. Board means the Board of Directors of the Company. 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. 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. Your response will be removed from the review this cannot be undone. Overtime, Premiums . Correspondence should be mailed to: Computershare. International: 1-781-575-2879, Correspondence should be mailed to: Neither amounts credited to a Participants Account nor any rights with respect to the exercise the Offering Period, or the last day of any Purchase Period established by the Committee with respect to any Offering. (a)grant of an Option, (b)purchase of shares, (c)disposition of shares purchased under the Plan, or (d)other aspect of participation in the Plan gives rise to any tax withholding obligation (including, without limitation, 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 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, 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. 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.*. Yet, it wasn't. 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. The Boeing Company is not responsible for the accuracy or completeness of the information contained herein. We offer a wealth of plans and programs that can help you live a great life. 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 Computershare The Plan shall be administered by the Committee. Section 1. reliable for a single trading day. 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. The "Company," as used throughout this booklet, refers to The . A TOXIC culture that places profit, schedule, stock prices, and executive bonuses ahead of safety. in the Boeing 401(k). Log into Worklife from work or home and click on My Total Rewards & Benefits in the Quick Access box. Your spouse/domestic partner can also take part if theyre enrolled in a Boeing-sponsored medical plan option. There is persistent negativity amongst the workforce. eligible to participate in the Offering commencing on such date, subject to the terms and conditions of the Plan. Its one more way Im preparing for tomorrow today. 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). A. Were hiring experienced production, mechanical, structural, electrical, systems, and software engineers to join our Missile Weapons Systems team in the greater St. Louis area. Reviewed by: Machinist in Puyallup, WA (Current Employee), Stingy with pay increases & promotions When you go above and beyond, your manager may have options for recognizing your contributions. An Offering Period under the 423 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 shareholders or agents of the Company or any subsidiary, as a result of any such action. Most of the opportunities and promotions go to the same people over and over again. A Participants election to participate in the Plan shall continue in effect during the current and 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. Copyright 1995 - 2019 Boeing. The aggregate number of shares of Common Stock which may be sold pursuant to Offerings under the Or, I could save my HSA money to use in the future even in retirement. Purpose of the Plan . Individuals that transfer outside the United States, become Eligible Employees of the 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. Boeing is followed by a number of industry analysts, including the analysts listed below in alphabetical order by firm. pay, hiring and relocation bonuses, equity compensation income, imputed income arising under any Company group insurance or benefit program or any other special payments. . 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 Welcome Boeing employees and retirees. 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. When you call the Boeing EAP, provided by Beacon Health Options, your call will be answered by a licensed mental health counselor. 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). Providence, RI 02940-3006. Option to comply with Section409A of the Code. The Purchase Price per share of Common Stock to be paid by each Participant on each Boeing and Computershare Investor Services do not have records of beneficial owners of Boeing stock. Chicago, IL 60606. If a leave of absence exceeds three months, or Solutions that help you save for retirement and help you get or stay financially fit. arrangements, in accordance with rules and procedures established by the Committee. The provisions of the Plan 2 for 1 (or 100%) --. And, I wont pay taxes when I use the money for eligible health care costs which I could do now, but plan to use primarily in retirement. 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. Boeing-sponsored program eligibility may differ for subsidiaries, certain business unit programs and union-represented employees. The Committee, in its discretion, may establish a different definition of Computershare Scheduling was terrible for needs. , no stock options. As of March 20, 2020 Boeing has suspended its dividend until further notice. 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 Relocation assistance is available. Well reward your contributions to our success. There is persistent negativity amongst the workforce. Whether it's about compensation and benefits, culture and diversity, or you're curious to know more about the work environment, find out from employees what it's like to work at Boeing. In the event of a dividend or other distribution (whether in the form of cash, Common Stock, other securities, or other property) other than regular cash dividends, recapitalization, stock split, reverse stock split, reorganization, Explore your tools. misconduct or except as expressly provided by statute. Computershare Investor Services acts as transfer agent and registrar for Boeing shareholders. The Boeing EAP provides up to six confidential counseling sessions per issue per year for each covered individual.