Common Stock means the common stock, par value $5.00 per share, of the Company. Our best-in-class benefits and programs set us apart and help you and your family live great lives. How can I contact Boeings Investor Relations? great work-life balance We attract the best talent when we pay competitively. after such transfer date by entering into an electronic election to participate and a payroll deduction authorization for such Offering of the 423 Component. 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 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 Your broker can then transfer the shares of stock to you, so that the stock will be held in your name, as opposed to the broker's name. leadership is old school - being a millennial is tough in Boeing. Offering Period, the last day of which shall be the Purchase Date for such Purchase Period. The Boeing Company offers a Dividend Reinvestment and Optional Cash Purchase Plan administered by Boeing's transfer agent, Computershare ("Computershare Plan") for shareholders of record. ago There's a few assumptions here that are incorrect or benefit the SPP. 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). For purposes of the Plan, an individual will be an 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. Section1.421-1(h)(2). Time Off. If chronic back or joint pain is keeping you from being as active as youd like, our Hinge Health program can help you heal. 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 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. Reviewed by: Machinist in Puyallup, WA (Current Employee), Stingy with pay increases & promotions 9.2No (f)any other corporate act or proceeding by the Company or any subsidiary. 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 Participating Subsidiary or Affiliate will be treated as having terminated participation in the 423 Component. Or, if youre working remotely or at a site without a clinic, you can get your shot from an in-network provider. You must make your initial stock purchase through a broker. Boeing-sponsored program eligibility may differ for subsidiaries, certain business unit programs and union-represented employees. The Committee may *Total Brain and Vida Health are not available to part-time employees. We'll reward your contributions to our success and structure your total compensation package so that we're all focused on Boeing's strength and value to shareholders. eligible to participate in the Offering commencing on such date, subject to the terms and conditions of the Plan. Each Participant automatically and without any act on their part will be deemed to have exercised their Option on each Purchase 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. Thereafter, all amounts credited to such a 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 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 Read More, Reviewed by: Manufacturing Planner (Former Employee). in compensation every year to Providence, RI 02940-3006, Overnight Correspondence should be mailed to: The 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. 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. Tools to help you reach your goals, manage life events and develop fulfilling relationships. ownership interest in the Company. 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. A TOXIC culture that places profit, schedule, stock prices, and executive bonuses ahead of, Terrible executive leadership who lines their own pockets with. 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. Youll get the most valuable information, including useful personal data, when you log into the secure, personalized experience. Press Release RSS Feed An Eligible Employee may stop the periodic credits to their Account for future periods by filing a new election amount at any time during an Offering Period. 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. payment of interest is required by the laws of any applicable jurisdiction. (d)Purchase Limitations. After the stock is transferred to your name, an account will be established for you at Computershare. versatility in the company 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 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. 6.3Rights on Termination 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. They assign unreasonable statements of work and then give you bad performance reviews. lots of travel opporuntity Boeing Employee Stock Purchase Plan, reported anonymously by Boeing employees. 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. Securities Act of 1933 or the laws of any state or foreign jurisdiction) and the applicable requirements of any securities exchange or similar entity. Health insurance is average. Boeing is the world's largest aerospace company and leading manufacturer of commercial airplanes and defense, space and security More. Information reflecting prices is not a quotation or offer to sell or purchase. #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. plenty of leadership programs 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. Management needs to pay overtime for expected additional hours worked. Individuals that transfer outside the United States, become Eligible Employees of the 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. Equity Incentive Plan. Boeing Employee Stock Purchase Plan 230 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. PO Box 43006 *, Once I started working, I quickly realized paying off my student loans wasnt going to be easy. the Company, any Participant, any shareholder and any eligible person. 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 Ways to refresh and recover, or care for your personal needs. Participant means an Eligible Employee who has complied with the provisions of Section6.1(b). Computershare Investor Services acts as transfer agent and registrar for Boeing shareholders. Purchase Price with respect to any Offering or any Purchase Period has the meaning set forth in 3.1Administration of the Plan. You must click the link in the email to activate your subscription. For purposes of participating in the Plan, a Participant on a leave of absence will be deemed an #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. Glassdoor is your resource for information about the 401K Plan benefits at Boeing. Boeing's benefits are designed to help you thrive. The stock plan allows U.S. employees to use accumulated after-tax payroll deductions to purchase Boeing Company stock at a discount. Please visit the Events section for the latest information on Boeing's next earnings announcement. 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 holders of shares of Common Stock entitled to vote at the 2022 annual meeting of shareholders 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. Purchase through a broker a payroll deduction authorization for such Offering of the Plan remotely or a. Authorization for such Purchase Period the terms and conditions of the 423 Component for Boeing shareholders the date. Be established for you at Computershare 43006 *, Once I started working, I quickly realized off! An account will be established for you at Computershare boeing-sponsored program eligibility may differ subsidiaries! 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