Boeing Frontiers
May 2003
Online
Volume 02, Issue 01
Top Stories Inside Quick Takes Site Tools
Special Feature
 

Boeing's Reward & Recognition Programs

Boeing offers a variety of reward and recognition programs. These programs honor individual and team accomplishments and contributions to the overall success of the company. The following table is a quick overview of these programs.

 
Pride@Boeing
Cash Award
ShareValue
Trust
Employee
Incentive Plan
Special
Incentive Award
Boeing Stock
Options
Purpose

Recognize the individual and collective contributions of Boeing employees, contractors, suppliers and government employees.

"One time" cash payment to recognize individual or team accomplishments that are the result of extraordinary performance or beyond job expectations.

Created to give employees a direct financial stake in the success of Boeing. Created to give employees a direct financial stake in the success of Boeing. "One time" stock award to recognize individual or team accomplishments that are the result of extraordinary performance or beyond job expectations. Retain high potential
and critical
skilled employees.
Intent To allow peers and managers to say thank you for a job well done. Management recognition of significant individual and team accomplishments. Use of cash allows for more timely recognition. A results-sharing approach to encourage everyone to work together to increase long-term shareholder value and align interests with those of our shareholders. To engage eligible employees in seeking customer focused solutions to grow Boeing's business and maximize economic profit. Management recognition of the "most" significant and lasting individual and team accomplishments. Recognize individuals with key responsibilities; motivate future contributions; encourage stock ownership.
Form of Award Four levels of noncash recognition Cash only Whole shares of Boeing Stock. Cash for partial shares. Cash for non-U.S. payroll employees. Cash only Boeing stock only Boeing stock options (i.e., the "opportunity" to purchase shares of Boeing stock at a set price)
Award Range Instant Appreciation Award valued @ $10 or less. Max value of $1,000 for team awards. Achievement Award valued @ $100 or less. Max value of $4,000 for team awards. $250 cash minimum, not to exceed $5,000 to an individual in any calendar year Depends on the increase in shareholder value above the threshold (3% per year) during a performance period and the number of months employees participate during the period. 1-20 days' pay 25 shares of Boeing stock (pretax), not to exceed a total value of $10,000 in any calendar year. 100 1,000 Boeing stock options
Availability January through
December
January through
November
14-year trust
(1996-2010),
seven overlapping
four-year investment
periods.
Possibility of a
distribution is
determined every
two years when a
period ends (e.g.,
1998, 2000, 2002,
2004, etc.)
Annual plan with payout in February February through October Once a year
More
Information
http://recognition.
web.boeing.com/
http://cashaward.
web.boeing.com
http://
sharevalue.
web.boeing.com
http://eip.
web.
boeing.com/
http://sia.web.
boeing.com
Contact your HR
representative

NOTE: Some business units, subsidiaries, locations and collective bargaining agreements have different reward and recognition programs.

 

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