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Boeing ShareValue Trust

How Participation Works


Determining Your Eligibility

All eligible employees are automatically included as participants in ShareValue Trust as reflected by their status described herein. No enrollment form is required to start participation. The ShareValue Trust applies if you are or were during the current, open investment periods one of the following:

  • A full- or part-time, non-executive employee not on lay off or who has not otherwise terminated employment with the company or a participating subsidiary.
  • A union-represented employee within a Local whose collective bargaining agreement includes ShareValue participation for any portion of the current, open periods.
  • Employed by a Boeing subsidiary which is approved for participation and paid through the subsidiary's payroll department.
  • A former employee, including retirees and beneficiaries of deceased employees, given the above criteria, who was once an eligible participant in the current, open periods of the ShareValue Trust.

For the months your status or job classification has placed you in any of the following groups during the open investment period, you are ineligible for ShareValue Trust for that period.

  • Contract labor, an intern, co-op, flex force or someone hired on a temporary basis.
  • A full- or part-time subsidiary employee who is employed by a non-participating subsidiary or is part of an excluded group within a participating subsidiary.
  • An executive or a participant in an executive bonus or compensation plan.

Determining Months of Eligibility

Eligible employees are credited with a month of eligibility in an investment period when they are on the active payroll of Boeing or a participating Boeing subsidiary any time during the calendar month. Whether an employee had one day or 15 days on the active payroll for a particular month, the whole month would be credited. Employees continue accumulating months of eligibility each calendar month they're on the payroll at any time.

The following chart outlines how different employment situations affect months of eligibility for ShareValue Trust.

Employment Change During an Investment Period How ShareValue Trust Months of Participation are Impacted
An employee enters the active payroll of Boeing or a participating subsidiary as a new or returning, non-executive employee. Participation in ShareValue Trust automatically begins with the calendar month the employee entered the active payroll (non-executive).
An employee goes on an approved leave of absence, with or without pay. Refer to the section below "Leave of Absence Guidance".
An employee returns from a leave of absence that extended beyond three months. The employee's participation in ShareValue Trust resumes with the calendar month he or she returned to work.
An employee moves from a non-executive active payroll to the executive active payroll. Employees are not eligible to participate in ShareValue Trust while on the executive payroll. Participation stops the first full calendar month an employee is on the executive payroll.
An employee moves from a non-participating, subsidiary payroll to a Boeing or participating subsidiary payroll. The employee's participation starts with the calendar month he or she started the active payroll of Boeing or the participating subsidiary.
An employee changes from nonunion status to union-represented. If the union participates in ShareValue Trust (for the same time period of the change), the employee continues to accrue months of participation. Otherwise, months of participation stop accruing the first full calendar month the employee becomes ineligible.
An employee moves from a participating subsidiary to one of the Company payrolls. There is no change in how months of participation are accrued. Months of participation will be combined together from both payrolls for the applicable investment periods.
An employee retires, is laid off, is deceased, or terminates employment. Months of participation stop being credited the first full calendar month the individual is no longer on the active payroll.
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Leave of Absence Guidance

  • Eligible employees on an approved leave of absence retain monthly eligibility until after the end of the third full calendar month following the month in which their approved leave of absence started. Employees meeting these criteria may receive partial distribution for the months of eligibility completed within the remaining open investment periods.
  • Using the above criteria, each separate period of LOA is used to determine eligibility--periods of LOA are not cumulative in determining months of eligibility.
  • To ensure fair and equitable treatment, these provisions apply to all on approved leave of absences as defined in PRO-1974, "Leave of Absence" including military, family medical, occupational, and non-occupational types of leave.

What You Can Do As A Participant

Growth in long-term shareholder value, which a ShareValue Trust investment period measures, is related to how the stock market favorably views the Company's expected or future cash flows. Even though a lot of things affect the volatility of our stock price each day, over the long term, the amount of cash expected to come in and go out of a company makes a difference in its stock price.

When we increase the number of deliveries and manufacturing efficiencies, or reduce flow times and waste, the company's cash flow will improve. When all employees work to improve the amount of cash coming in and reduce the amount of cash unnecessarily going out of the company, it will be reflected in our long-term shareholder value. With anything that takes time and effort to improve, the results may not show up right away. But that's one reason why the ShareValue Trust is designed to reflect the long-term nature of our business and is effective to the last investment period in 2010.

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List of Participating Subsidiaries

Subsidiaries approved for participation

Pre-merger Boeing subsidiaries - participation effective when ShareValue Trust started on July 1, 1996.

  • Boeing Aerospace Operations, Inc.
  • Boeing Agri-Industrial Company
  • Boeing Canada, Inc. (formerly Boeing Canada Technology Limited)
  • Boeing China, Inc.
  • Boeing - Irving Co.
  • Boeing - Oak Ridge, Inc.
  • Boeing International Corporation
  • Boeing Middle East Limited
  • Boeing Operations International, Incorporated
  • Boeing Logistic Spares, Inc. (formerly Boeing Georgia, Inc.)
  • Montana Aviation Research Company

Boeing North American subsidiaries - participation effective when subsidiary first became part of The Boeing Company on December 6, 1996.

  • AeroSpace Technologies of Australia Ltd.
  • BNA Operations International, Inc.
  • Boeing Australia Limited
  • Boeing Constructors, Inc.
  • Boeing Defense UK Limited
  • Boeing North American Space Operations Company
  • Boeing North American, Inc. (merged into The Boeing Company on 12/31/99)
  • Boeing Service Company (formerly Boeing North American Services, Inc.)
  • Rocketdyne Technical Services Co.

Pre-merger McDonnell Douglas subsidiaries - Participation effective when pre-merger McDonnell Douglas participation approved on January 1, 1998. Represented employees' participation in these subsidiaries is contingent on negotiations with the respective labor unions.

  • Boeing Aerospace Ltd. (formerly McDonnell Douglas Limited)
  • Boeing Travel Management Company
  • McDonnell Douglas Corporation
  • Boeing Aerospace ( Malaysia ) Sdn. Bhd. (formerly McDonnell Douglas Aerospace - Malaysia Sdn. Bhd)
  • Boeing Aerospace - TAMS, Inc. (formerly McDonnell Douglas Aerospace - TAMS Co. - Support Services)
  • Boeing Aerospace - U.K. , Ltd. (formerly McDonnell Douglas Aerospace - U.K., Ltd.)
  • Boeing Aerospace Operations, Inc . (formerly McDonnell Douglas Aerospace Services Co., now combined with pre-merger BAO)
  • Boeing Aerospace Australia Pty. Ltd. (formerly McDonnell Douglas ( Australia ) Pty. Ltd.)
  • Boeing Aerospace Middle East, Ltd. (formerly McDonnell Douglas Aerospace Middle East, Ltd.)
  • Boeing Toronto, Ltd. (formerly McDonnell Douglas Canada Ltd.)
  • Boeing Overseas, Inc. (formerly McDonnell Douglas Overseas, Inc.)
  • Boeing Support Services, Inc. (formerly McDonnell Douglas Support Services, Inc.)
  • Delta Launch Services, Inc. (formerly McDonnell Douglas Commercial Delta, Inc.)
  • McDonnell Douglas F-15 Technical Services Co. Inc.
  • McDonnell Douglas Helicopter Co.
  • McDonnell Douglas Helicopter Support Services, Inc.
  • McDonnell Douglas Services, Inc.
  • McDonnell Douglas Support Services - Military, Inc.

Recently-approved participating Boeing subsidiaries:

  • Boeing Capital Corporation (formerly McDonnell Douglas Finance Corporation) (effective 7/1/98)
  • Boeing Commercial Space Co. (effective 7/1/98)
  • Boeing Global Services, Inc. (effective 7/27/98)
  • BCC Equipment Leasing Corporation (formerly MDFC - Equipment Leasing Corporation) (effective 7/1/98)
  • MDFC - Loan Corporation (effective 7/1/98)
  • Boeing Management Co. (effective 8/13/99)
  • Boeing Business Services Co. (effective 10/14/99)
  • Boeing Capital Washington Corporation (effective 12/16/99)
  • Boeing-SVS, Inc. (effective 1/1/01)
  • Boeing Stores (effective 2/16/01)
  • Boeing Research and Technology Center (effective 1/1/02)
  • Autometric, Inc. (includes Boeing Excal) (effective 1/1/02)
  • Alteon Training L.L.C. (effective 1/1/03)
  • Boeing Electron Dynamic Devices (effective 1/1/03)
  • Boeing Satellite Systems, Inc. (effective 1/1/03)
  • Boeing Satellite Systems International (effective 1/1/03)
  • Conquest, Inc. (effective 1/1/2004)
  • Hawker de Havilland Aerospace Pty. Ltd. (effective 7/1/02)
  • Boeing Brasil Services Tecnicos Aeronauticos Ltda. (effective 9/8/03)
  • Boeing International Corporation India Private Limited (effective 2/3/04)
  • Boeing Space Operations Company (effective 1/1/02)
  • Boeing United Kingdom Limited (effective 1/1/03)
  • Preston Aviation Solutions Pty Ltd. (formerly The Preston Group Pty Limited) (effective 1/1/06)
  • Preston Aviation Solutions Inc. (formerly The Preston Group America) (effective 1/1/06)
  • Preston Aviation Solutions Limited (formerly The Preston Group Europe Limited) (effective 1/1/06)
  • Spectrolab, Inc. (effective 7/1/2006)

Participating subsidiaries which have some excluded employees:

  • Boeing Logistic Spares, Inc. - does not cover employees who were not formerly with Boeing Equipment Holding Co.
  • Boeing Middle East Limited - does not cover in-country hires.

Approved subsidiaries which are currently inactive, deregistered or no longer have employees:

  • BCS Richland, Inc. (contract ended 9/96)
  • BNA International Systems, Inc. (no employees)
  • Boeing Aerospace Switzerland, Inc. (formerly McDonnell Douglas Aerospace - Switzerland, Inc.) (no employees)
  • Boeing China Technical Services (formerly McDonnell Douglas China Technical Services Inc.), dissolved 6/19/02
  • Boeing Enterprises, Inc. (shell corporation, no employees)
  • Boeing Finland OY (formerly McDonnell Douglas Finland OY) (no employees)
  • Boeing Information Services, Inc. (sold on 7/23/99 to SAIC)
  • Boeing Precision Gear, Inc. (sold 3/31/00)
  • Boeing Spain, Ltd. (formerly McDonnell Douglas Spain, Ltd.) (no employees)
  • Boeing Sunnydale (formerly ARGOSystems, Inc.) partial sale on 12/31/99, remaining employees merged into The Boeing Company.
  • McDonnell Douglas Japan, Ltd. (deregistered)
  • McDonnell Douglas Korea, Ltd. (employees moved under BIC - Korea, so no employees)
  • McDonnell Douglas Technical Services Company - sold 12/6/99.
  • Boeing - Corinth Co. - sold 6/6/03.

Subsidiaries not yet approved for participation:

  • AeroInfo Systems, Inc. (acquired 9/5/00)
  • Airspace Safety Analysis Corporation (acquired 10/00)
  • Aviall, Inc.
  • Boeing Realty Corporation (formerly McDonnell Douglas Realty Corporation) (formed 1972)
  • Boeing Space Systems International Services Co. (acquired 10/6/00)
  • Continental Graphics Holdings, Inc. (acquired 8/2/00)
  • Jeppesen, Inc. and its subsidiary organizations
  • SBS International of New York, Inc. (acquired 7/27/01)

** Note: A participating subsidiary does not mean ALL its employees are participants. Therefore this list does not guarantee the eligibility of a subsidiary employee to participate. Every effort has been made for this list to be as accurate as possible. If there are discrepancies between this list and the officially approved list in the ShareValue Trust documents, the official list will prevail.

List of Participating Unions

Full- and part-time, non-executive employees on the active payroll* of The Boeing Company or a participating subsidiary** are eligible to participate. Union-represented employees are eligible to participate if their collective bargaining agreement includes ShareValue participation for any portion of a current investment period.

Eligible employees automatically become participants in an investment period the first day they start on the active payroll - no enrollment is required. Employees are not eligible while they are on the executive payroll.

The following bargaining units do not participate in the ShareValue Trust Plan.

  • SPFPA 250 (St. Louis)
  • AMWU and APESMA (BAL - Eximouth)

The following bargaining units were not participating in the Plan when Period 6 began 7/1/2004, but these units have since negotiated to participate. Consequently employees in these units will accrue months of participation based on when the unit entered the plan:

  • F&O 367/IBT 6 (St. Louis) began participation 7/20/2007
  • IAFF I-66 (St. Louis) began participation 2/29/2008
  • IAM 837 (St. Louis) began participation 5/21/2007
  • IBEW 1 (St. Louis) began participation 6/22/2007
  • IBT 610 (St. Louis) began participation 6/29/2007
  • AMWU and APESMA (BAL - Fisherman's Bend and Maribyrnong in Australia) began participating 2/01/2007
  • CAW 1967 (Toronto) began participation 10/30/04; unit closed 9/15/05
  • CAW 673 (Toronto) began participation 10/30/04; unit closed 9/15/05

* Active payroll (referring to non-executive payroll) for the ShareValue Trust means: the status of an employee who is not on layoff, or has not otherwise terminated employment with the Company or a participating subsidiary and, unless otherwise required by law, shall not include the time during which an employee is on an approved leave of absence after the end of the third full calendar month of such leave. "Employee" does not include any person who, in the sole judgment of the ShareValue Committee, is deemed either contract labor or someone hired on a temporary basis. Flex force, co-op personnel and interns are not eligible.

** Note: A participating bargaining unit does not mean ALL its employees are participants. Therefore this list does not guarantee the eligibility of a union-represented employee to participate. Every effort has been made for this list to be as accurate as possible. If there are discrepancies between this list and the officially approved list in the ShareValue Trust documents, the official list will prevail.

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