3 for 2 (or 50%) $25.73. 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. Current and former employees report that Boeing provides the following benefits. Great benefits, decent pay, some stabilityRead More, Reviewed by: Communications in Seattle, WA (Current Employee), Somewhat stable income, opportunities to bounce around the company, newly introduced remote working options. An employee stock purchase plan (ESPP) is an organizational-wide stock plan that is offered to employees who meet specific requirements. The 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 ownership interest in the Company. Employee Stock Purchase Plan. Notwithstanding the foregoing, the Committee may delegate any of its authority or Those procedures may include, without limitation, increased withholding Each Participant automatically and without any act on their part will be deemed to have exercised their Option on each Purchase 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. 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 shareholders or agents of the Company or any subsidiary, as a result of any such action. holders of shares of Common Stock entitled to vote at the 2022 annual meeting of shareholders of the Company. 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 Log into Worklife to learn more about flu shots. prohibited by applicable law or the applicable rules of any stock exchange. You can invest in Boeing stock at a discount by participating in the Boeing Employee Stock Purchase Plan (BESPP). 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 If you are a registered shareholder of Boeing stock, your name appears in the Company's shareholder register kept by Computershare Investor Services. Authorized Shares. 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. PO Box 43006 arrangements, in accordance with rules and procedures established by the Committee. Our internships include Engineering, Business,.css-epvm6{white-space:nowrap;} More, Find a Great First Job to Jumpstart Your Career, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The maximum yearly contribution total for each employee is $25,000. in the Boeing 401(k). Employees contribute to the plan. Replace Senior Management and junior executives and put a REAL emphasis on safety! 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 Boeing-sponsored program eligibility may differ for subsidiaries, certain business unit programs and union-represented employees. Excellent work life balance. Time Off. Fully funding my Health Savings Account can protect my plans. that are subject to outstanding Options, and (d)the appropriate value and other price determinations applicable to Options. Youll need to create an account at brighthorizons.com. 5.3Participation. Yet, it wasn't. A qualified 423 employee stock purchase plan allows employees under U.S. tax law to purchase stock at a discount from fair market value without any taxes owed on the discount at the time of purchase. Join #TeamBoeing at our virtual career event on Jan. 17. Participating 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. And once I turn 55, I can set aside an additional $1,000. Stock in any Offering Period. Very slow upward mobility unless you are one of those. Section6.1(a). Boeings SEC filings are available on our SEC Filings page. 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 ". Im protecting those plans by fully funding my Health Savings Account. Not to mention too many layoffs while the CEOs rake in millions. The The Plan includes two components: (a) a component intended to qualify as an employee stock purchase plan A Participant who transfers outside the U.S. and is no longer on a U.S. payroll of the Company or a The Boeing Company is not responsible for the accuracy or completeness of the information contained herein. Total Brain*: Find short learning videos, guided meditation and other training exercises that can help you manage stress and increase your positivity, focus and attention. "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 . (a)Authorized Shares. Shareholders must approve of all implementation plans. If any provision of the Plan or any Option is determined to be invalid, illegal or unenforceable in any Glassdoor is your resource for information about the Employee Stock Purchase Plan benefits at Boeing. No interest will be paid or allowed on any money in Participants Accounts, except to the extent If your spouse/domestic partner is enrolled in a Boeing-sponsored medical plan option, they can enroll on the Total Brain website using your BEMSID. For purposes of the Plan, employee 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. It is also proven that participants in ESPPs are better, more engaged . Edelman Financial Engines does not guarantee results. 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 Opportunities for continuous learning, development and growth. Except as otherwise set forth below, the Plan shall be implemented by a series of Offerings during as a beneficial owner of stock that is held in "street name. the Account during an Offering Period with respect to any Eligible Employee may not exceed the limitation stated in Section6.1(a). International: 1-781-575-2879, Correspondence should be mailed to: Market data provided, powered, and implemented by TickerTech.com. Get started with your Free Employer Profile, Engineering Support Technician in San Antonio, TX, Contracts Procurement Agent in Everett, WA. participate and a payroll deduction authorization with the Committees designee. 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. After all, Medicare wont cover everything, and I dont want a big medical expense to derail my dreams.*. 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. Boeing and Computershare Investor Services do not have records of beneficial owners of Boeing stock. Your spouse/domestic partner can also take part if theyre enrolled in a Boeing-sponsored medical plan option. 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. The Company makes no representation that any Option to purchase Common Section1.421-1(h)(2). *Total Brain and Vida Health are not available to part-time employees. Your total pay may include the opportunity to earn annual incentive awards based on how well you and Boeing perform. 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. 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. 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. The Committee may vary its determination of the Fair Market Value to the extent required to comply with applicable local laws. I've had several managers lie to me in order to get me to continue taking on more work. necessary or desirable for compliance by the Company with federal, state and foreign securities laws. The Committee, in its discretion, may determine from time to time, prior to the first day of an Offering Period (for each Option under the 423 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. My Health Savings Account helps me prepare for the future. in compensation every year to It may not be complete. Our compensation programs are designed to pay you competitively. treasury shares. resulting from any such change shall be deemed to be Common Stock for purposes of the Plan. 9.3No Rights as a Shareholder. * Required. The Purchase Price per share of Common Stock to be paid by each Participant on each Helpful Report Computershare is Boeings transfer agent: pay, hiring and relocation bonuses, equity compensation income, imputed income arising under any Company group insurance or benefit program or any other special payments. 3.2Delegation by Committee. 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.
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