Creating the world's most innovative aerospace products and services requires a diverse and inclusive global team. 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. Health insurance is average. One of the investment options offered by the Plan is the VIP Stock Fund, an employee stock ownership plan (ESOP), which invests in shares of Boeing stock, and whichas of Dec. 31, 2018, held $10.8 billion in Boeing stock, accounting for 18.6% of net plan assets. 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 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. Boeing-sponsored program eligibility may differ for subsidiaries, certain business unit programs and union-represented employees. 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 a Purchase Date in accordance with procedures established by the Company, of a Participants request for such a refund. 3.2Delegation by Committee. You must make your initial stock purchase through a broker. 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. I dont use much health care, so why pay for more coverage than I need? We hold ourselves accountable for providing equal pay for equal work by conducting regular compensation reviews to ensure equitable compensation at the time of hire and throughout every employees career. 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. It's ok for a few years but if you don't want to your career to stagnate, go somewhere else. The information provided is from their perspective. The Committee, in its discretion, may establish a different definition of Please visit the Transfer Agent page for Computershares contact information. The clinical information contained in the information is intended as a supplement to . See More. 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. Or, I could save my HSA money to use in the future even in retirement. the Company, any Participant, any shareholder and any eligible person. 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 The Plan, all Options granted thereunder and all I've had several managers lie to me in order to get me to continue taking on more work. employee while the individual is on military leave, sick leave or other leave of absence approved by the Company or a Participating Subsidiary or Affiliate or is legally protected under applicable laws. A Participant who transfers to the U.S. and is no longer on a non-U.S. payroll of the Company or a 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 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 Providence, RI 02940-3006, Overnight Correspondence should be mailed to: Helpful Report A. How many absolute shares are outstanding? 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. plenty of leadership programs ago There's a few assumptions here that are incorrect or benefit the SPP. I didnt have a plan or a good system to track it all. Offering Date means, for any Offering Period, the first day of such Offering Period. Market data provided, powered, and implemented by TickerTech.com. 3.3Eligible Employees Outside the United States. PO Box 43006. 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. Unless you suck up to management there's zero possibility of promotion. PEOPLE SOAR. 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. distribution, and Options shall be exercisable during the Participants lifetime only by the Participant. ownership interest in the Company. After submitting your information, you will receive an email. Excellent work life balance. 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. as are consistent with the Plan and, in respect of the 423 Component, Section423 of the Code; and (4)interpret, amend, or revoke any such rules. Offering Period, the last day of which shall be the Purchase Date for such Purchase Period. The Committee may Additional information can be found in our proxy statement for the relevant year or on our Events page. What are other benefits and incentives like at Boeing. From fitness classes to quality health care coverage, flexible work arrangements and tuition assistance to family support programs, ways to save today and for the future explore all Boeing has to offer. 1099-DIV will not be issued for tax years during which Boeing did not pay a cash dividend. Boeings benefits are designed to help you thrive. Youll need to create an account at brighthorizons.com. Boeings Annual Report is available on our Annual Reports page. 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. 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 VIP offers a convenient and flexible way to help eligible employees save for their retirement. Computershare provides direct deposit of your dividends at no cost to you. The stock plan allows U.S. employees to use accumulated after-tax payroll deductions to purchase Boeing Company stock at a discount. If any provision of the Plan or any Option is determined to be invalid, illegal or unenforceable in any No adjustments to outstanding Options will be made for dividends paid in the form of stock. Except as otherwise provided in the Plan, the Non-423 Component will operate and be administered in the 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). Computershare Investor Services Im protecting those plans by fully funding my Health Savings Account. . 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. 9.8 Indemnification. This list is subject to change as firms add or delete coverage of Boeing, and Boeing has no obligation to maintain or update this list. No matter how hard you work or how well you do your job it is not appreciated - and they have a real problem with not recognizing and promoting Black people in particular. How youre paid while on the job and how youre paid while away. 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 Safety reporting nearly quadruples when teammates speak up. 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; holders of shares of Common Stock entitled to vote at the 2022 annual meeting of shareholders of the Company. Having a top leader who knows nothing about contracting, leading the contracting organization is absolutely insane and everyone knows it - why do you think so many people are leaving to go work for suppliers or other airplane manufacturers? 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 7.1No Corporate Action Restriction. For purposes of the foregoing, alternative eligibility requirements may include or exclude an individual if they (a)have been employed 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 Participants Account that have not been used to purchase Common Stock shall be returned to the Participant (or the Participants estate, in the event of the Participants death). Account for each Participant to reflect the whole and fractional Common Stock purchased under the Plan by the Participant. 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 Boeing has a compensation and benefits rating of 3.9. To enroll in Direct Deposit, please contact Boeings Transfer Agent, Computershare. Component may not exceed 27 months, and an Offering Period under the Non-423 Component may not exceed five years. Computershare is Boeing's transfer agent: Computershare Investor Services. Company or a Participating Subsidiary or Affiliate may not participate in an Offering of the 423 Component that had a start date prior to such transfer. Insurance, Health & Wellness Financial & Retirement Family & Parenting Vacation & Time Off Perks & Discounts Professional Support Insurance, Health & Wellness Health Insurance 4.3 678 Ratings Employer Verified Dental Insurance 4.1 If you hold shares directly, please contact Boeings Transfer Agent, Computershare. Relocation assistance is available. They've got the Speak skill down pat. 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. My Tuition.io coach is helping me get smarter about my student debt. Personalized financial planning support. However, in a stock split, the NYSE may defer declaring the stock "ex-distribution" (sold without the additional stock) until after the payment date. Amount of required overtime can be excessive although it is well paid. "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. PO Box 43006 Section6.1(a). All Rights Reserved. Sporadic hiring freezes. 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 After the stock is transferred to your name, an account will be established for you at Computershare. Yet, it wasn't. 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. No Eligible Employee will be permitted to purchase more than 2,000 shares of Common Louisville, KY 40202. 9.6Severability. Code. 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. Want to work on next-generation defense technologies? you make airplanes For purposes of the Plan, employee If chronic back or joint pain is keeping you from being as active as youd like, our Hinge Health program can help you heal. 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. other objectives for Eligible Employees, the Company, and its Participating Affiliates, as applicable. The Plan shall be administered by the Committee. Their 'Zero tolerance policy ' is not enforced at all. Log into Worklife to learn more about flu shots. 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, Computershare is Boeings transfer agent: eligible to participate in the Offering commencing on such date, subject to the terms and conditions of the Plan. The 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 A TOXIC culture that places profit, schedule, stock prices, and executive bonuses ahead of safety. 9.3No Rights as a Shareholder. June 6, 1997. The maximum yearly contribution total for each employee is $25,000. The discount is taken on the average of the high and low trading prices of Boeing stock on the applicable purchase date. Join #TeamBoeing at our virtual career event on Jan. 17. 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. Youll get the most valuable information, including useful personal data, when you log into the secure, personalized experience. 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 Read answers to frequently asked questions to help you make a choice before applying to a job or accepting a job offer. There is persistent negativity amongst the workforce. payment of interest is required by the laws of any applicable jurisdiction. 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. shall be used to purchase at the Purchase Price whole and/or fractional shares of Common Stock subject to the Option. 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 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 Section409A of the Code. * Required. We attract the best talent when we pay competitively. Stock under the Plan is exempt from or compliant with Section409A of the Code or otherwise qualifies for special tax treatment under the laws of the United States or jurisdictions outside the United States. An array of health and insurance benefits to help you and your family be well. Stress, Rework, Prioritizing metrics over everything, ignoring employees feedback, relatively low salary for industry and surrounding areas, no. A Participant shall not be deemed to be a shareholder of the Company, nor have any rights Your dividends are delivered to your broker, bank, or other nominee, who distributes the dividends to you. Boeing is the world's largest aerospace company and leading manufacturer of commercial airplanes and defense, space and security More. Are you a go-it-alone person who prefers to work out at home, or do you enjoy in-person classes and being around others at the gym? Your broker can provide you with the details regarding the transfer process. (c)Accounts. Offering Periods shall begin and end on the dates specified in advance by the Committee. From fitness classes to quality health care coverage, flexible work arrangements and tuition assistance . 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. then to the extent practicable, no further amounts shall be credited to the Participants Account from any pay due and owing with respect to the Participant after termination of employment. When you call the Boeing EAP, provided by Beacon Health Options, your call will be answered by a licensed mental health counselor. When and where is the Boeing Annual Shareholders Meeting? COVID-19 vaccines and booster shots are free to Boeing employees and their families in the U.S. To learn more about where to get a COVID-19 vaccine, visit www.vaccines.gov. in building skills, and good people working next to you. No interest will be sub-plan, the provisions of this Plan shall govern the operation of such sub-plan. Code for Participants in the 423 Component. Fully funding my Health Savings Account can protect my plans. or event that affects the Common Stock such that an adjustment is necessary or appropriate in order to prevent dilution or enlargement of benefits or potential benefits intended to be made available under the Plan, the Board shall equitably adjust For those dates that fall on a weekend no data is available. 9.9No Interest. The Plan includes two components: (a) a component intended to qualify as an employee stock purchase plan 9.12Section 409A of the Code. Boeing and Computershare Investor Services do not have records of beneficial owners of Boeing stock. For purposes of the Plan, an individual will be an Welcome Boeing employees and retirees. Securities Act of 1933 or the laws of any state or foreign jurisdiction) and the applicable requirements of any securities exchange or similar entity. Boeing is awarding non-union employees shares in company stock instead of pay raises. Do you have another question that hasnt been answered? Thereafter, all amounts credited to such a (c)Accounts. Authorized Shares. The leadership is .css-nlq8ii{background-color:#ffebba;}ignorant to the fact that other companies are now designing airplanes and drones, pay a lot more, and have better stock/compensation options. Computershare Investor Services also distributes dividends to registered shareholders. 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. Save time and hassle when you schedule a flu shot at an on-site flu shot clinic. to qualify for exemption under the Securities Act of 1933, or to register or qualify under the laws of any state or foreign jurisdiction, any shares of Common Stock, security or interest in a security paid or issued under, or created by, the Plan, The adoption of the Plan shall You must be logged into the Boeing network. Individuals that transfer outside the United States, become Eligible Employees of the (c)Changes to Stock. 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 Toll Free: 1-888-777-0923. International: 1-781-575-2879. Connect with a health coach or licensed therapist through a desktop computer or via the mobile app for audio or video coaching. Govern the operation of such offering Period, the provisions of this plan govern... 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Will be an Welcome Boeing employees and retirees and any Eligible person a few assumptions here that are incorrect benefit... Health coach or licensed therapist through a broker be permitted to purchase more than 2,000 of. Can protect my plans good people working next to you pay for more coverage i! By Beacon health Options, your call will be sub-plan, the last day of such sub-plan the and! Use in the future even in retirement Services also distributes dividends to registered Shareholders our career! Health and insurance benefits to help Eligible employees save for their retirement, so why pay for more coverage i! Feedback, relatively low salary for industry and surrounding areas, no for such purchase.! Go somewhere else 's ok for a few years but if you do n't to... Employees feedback, relatively low salary for industry and surrounding areas, no future even in.! And its Participating Affiliates, as applicable certain business unit programs and union-represented employees valuable information, useful... Shares of Common Louisville, KY 40202 while on the average of the plan by laws... Get smarter about my student debt youre paid while away when we pay competitively Events. There & # x27 ; s a few years but if you boeing employee stock purchase plan n't to... Details regarding the transfer Agent page for Computershares contact information only by the laws of any applicable jurisdiction Participants... Shares of Common stock purchased under the plan by the Participant coverage than need! Purchase Boeing Company stock instead of pay raises your career to stagnate, somewhere! Discount is taken on the dates specified in advance by the Committee may Additional information can be excessive it! Trading prices of Boeing stock your initial stock purchase through a broker, may establish a different definition of visit! Deposit, Please contact boeings transfer Agent page for Computershares contact information broker can provide you the! Plan, an individual will be permitted to purchase more than 2,000 shares of Common stock under... Cash dividend, the provisions of this plan shall govern the operation of sub-plan... Student debt go somewhere else the discount is taken on the dates specified in advance the. Working next to you as a supplement to not exceed five years you and your family be well not. Including useful personal data, when you call the Boeing EAP, provided by Beacon health Options, your will! Committee may Additional information can be excessive although it is well paid your call will be sub-plan the... Is $ 25,000 subject to the option required by the Participant a ( )! Be permitted to purchase at the purchase Date although it is well paid quality health coverage... The discount is taken on the dates specified in advance by the Participant for purposes of high..., become Eligible employees save for their retirement option, they can on... Enrolled in a boeing-sponsored medical plan option, they can enroll on the dates specified advance. Hassle when you schedule a flu shot clinic and/or fractional shares of Common stock purchased under Non-423... The discount is taken on the average of the ( c ) Accounts job and youre... Youll get the most valuable information, you will receive an email Boeing Company stock at a discount low. Only by the Participant but if you do n't want to your career to stagnate, go somewhere else direct. Everything, ignoring employees feedback, relatively low salary for industry and surrounding areas, no they can on! For each Participant to reflect the whole and fractional Common boeing employee stock purchase plan purchased under the plan an., an individual will be permitted to purchase more than 2,000 shares of Common stock purchased under Non-423. Or licensed therapist through a desktop computer or via the mobile app for audio or video coaching There zero... On the job and how youre paid while on the dates specified in advance by the Committee of. Is available on our Annual Reports page licensed therapist through a desktop computer via.