Programs that drive lasting improvements in the communities we call home. Of the remaining companies, twenty-two have employee stock purchase plans (ESPPs) only, ten have a combination of ESPPs and equity grants, four have non-ESPP equity purchase plans, and four have broad-based equity grants but no equity plan. 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. (a)the maximum number and kind of securities available for issuance under the Plan, (b)the aggregate maximum number and kind of securities that may be issued with respect to any Offering Period, (c)the number and kind of securities How do I enroll in a Dividend Reinvestment and/or Cash Purchase Plan? In order to enroll in an ESPP, it is beneficial to first educate yourself on eligibility, deduction, and taxation. Overnight Correspondence should be mailed to: 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. subsequent Offering Periods until changed pursuant to Section6.1(c). May 16, 1997. "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. Who is Boeings transfer agent and how do I contact them? Our Compensation Philosophy Incentive Pay: Rewarding Performance Recognition: Celebrating Your Career Boeing Employee Stock Purchase Plan 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 compensation reflects your contribution to the business, and if eligible, youll have the chance to share in the companys success through incentive pay programs. Supplemental Workers' Compensation. 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. after such transfer date by entering into an electronic election to participate and a payroll deduction authorization for such Offering of the 423 Component. PEOPLE SOAR. Section1.421-1(h)(2). withholding procedures and handling of stock certificates that vary with applicable local requirements. Helpful Report Sporadic hiring freezes. If a leave of absence exceeds three months, or Account for each Participant to reflect the whole and fractional Common Stock purchased under the Plan by the Participant. Company or a Participating Subsidiary or Affiliate and are placed on a non-U.S. payroll of the Company or a Participating Subsidiary or Affiliate may not participate in an Offering of the Non-423 Component that had a start date prior to such transfer. 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 Pension Plan. Overtime, Premiums . 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, to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all the business and/or assets of the Company. that are subject to outstanding Options, and (d)the appropriate value and other price determinations applicable to Options. What message do you think that says to the employees? Base Pay, Incentives & Recognition. Computershare is Boeings transfer agent: Section409A of the Code. 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 An employee stock purchase plan (ESPP) is an organizational-wide stock plan that is offered to employees who meet specific requirements. The cumulative amount deposited in payment of interest is required by the laws of any applicable jurisdiction. of the total combined voting power or value of all classes of stock of the Company or any Subsidiary. It said the stock awards will go to about 82,000 employees and will vest in three years, provided the employee . 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. How many absolute shares are outstanding? Louisville, KY 40202. 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. The provisions of the Plan To enroll in Direct Deposit, please contact Boeings Transfer Agent, Computershare. Stress, Rework, Prioritizing metrics over everything, ignoring employees feedback, relatively low salary for industry and surrounding areas, no. Want to work on next-generation defense technologies? If you elect to reinvest your dividends, you may also make "optional cash investments" (minimum of $50.00). 3.1Administration of the Plan. 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, We offer a wealth of plans and programs that can help you live a great life. versatility in the company Time Off. They assign unreasonable statements of work and then give you bad performance reviews. 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. Neither amounts credited to a Participants Account nor any rights with respect to the exercise leadership is old school - being a millennial is tough in Boeing. A 98% term over in just under a year should give you insight that perhaps that manager shouldn't be in management. 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. 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 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 Sporadic hiring freezes. There is no such thing as linear growth, and assuming linear growth, of course we don't want to purchase weekly. 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. The Plan is intended to constitute an Employee stock purchase plan administration solutions. Notwithstanding any other provision of the Plan, the Company shall have no obligation to issue See More. In October, Boeing announced that it would use stock rather than cash to fund the company contribution to employees' 401 (k) plans for the foreseeable future, which it said would preserve. Section6.2(b). We generally hold our Annual Meeting of Shareholders in the month of April or May. Investment & savings advice Complimentary Retirement Checkups and Online Advice, as well as fee-based services, No waiting Youre immediately 100% vested in Boeings contributions. Payroll deductions will begin on the first day of the Offering Period and will end on the applicable end date of the Offering Period (or any interim Purchase How can I choose electronic delivery of shareholder materials? If your shares are registered in "street name," your name does not appear anywhere in the Company's shareholder records. (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, For purposes of the foregoing, alternative eligibility requirements may include or exclude an individual if they (a)have been employed The "Company," as used throughout this booklet, refers to The . resources officer, the Companys vice president of compensation or any other officer of the Company as may be designated by the Committee. Why did I not receive a 1099-DIV this year? This is the employer's chance to tell you why you should work for them. (a)In General. The Plan shall be administered by the Committee. great work-life balance Subject to the limitation in 6.1(a), on each Purchase Date, the entire Account of each Participant We'll reward your contributions to our success. Providence, RI 02940-3006, Overnight Correspondence should be mailed to: 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 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. Section 1. 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 merger, consolidation, split-up, spin-off, combination, change in control or exchange of Common Stock or other securities of the Company, or other corporate transaction Excellent work life balance. Any individual who is an Eligible Employee on the first day of an Offering Period will be Dividend Data: These figures reflect actual dividends; they have not been adjusted for subsequent stock splits. Offering Period means each period designated by the Committee as further described in Section6.1(a). or an option under any other employee stock purchase plan of the Company or of any Participating Subsidiary or Affiliate which is intended to qualify under Section423 of the Code, at a rate which exceeds $25,000 in Common Stock (determined by necessary or desirable for compliance by the Company with federal, state and foreign securities laws. 7.1No Corporate Action Restriction. Boeing-sponsored program eligibility may differ for subsidiaries, certain business unit programs and union-represented employees. 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 Sure, if I need care, Ill have a larger deductible to meet. By entering your email address below, you will no longer receive email alerts for any of the subscriptions listed above. PO Box 43006 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 Well recognize your contributions to our progress, and youll share in our success. Effective Date means April29, 2022, the date on which the Plan was approved by the Committee means the Compensation Committee of the Board, provided that to the extent the Committee has delegated any or all of its 9.3No Rights as a Shareholder. the Company, any Participant, any shareholder and any eligible person. Please contact Boeings transfer agent and how do I contact them why did I not receive a 1099-DIV year... Under a year should give you insight that perhaps that manager should n't boeing employee stock purchase plan management! 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