Common use of Supplemental Savings Plan Clause in Contracts

Supplemental Savings Plan. Effective January 1, 2019, the Company 20 established The Boeing Company Supplemental Savings Plan (“SSP”), which is an 21 unfunded “excess benefit plan” solely for the purposes of providing benefits that 22 would have been provided under the VIP but for the limitations of Internal Revenue 23 Code §415(c). The eligibility requirements, amount of benefits, time and form of 24 benefit distribution and administrative provisions of the SSP mirror the provisions 25 of the former Supplemental Benefit Plan for Employees of The Boeing Company that 26 provided for benefits in excess of the limitations of Internal Revenue Code 27 §415(c) in all material respects. The Company reserves the right to unilaterally 28 establish, alter, amend, and/or modify any or all terms of the SSP as it deems 29 necessary to comply with all applicable laws and regulations, at its sole 30 discretion without further discussion or negotiation with the Union. All terms 31 and conditions of the SSP, as may be so established, amended or modified, will 32 apply to employees covered by this Agreement. 33 The Union understands that the SSP will be a non-qualified deferred 35 compensation plan under the Internal Revenue Code, and as such, employees 36 who elect to participate in the SSP will be subject to special restrictions and 37 election rules with respect to the VIP (including, but not limited to, restrictions 38 on changing deferral elections during a plan year and electing to defer 39 Employee Incentive Plan payments), in addition to restrictions on elections 40 under and distributions from the SSP. The Company reserves the right to 41 unilaterally alter, amend, and/or modify any or all terms of the VIP as it deems 42 necessary to cause the SSP to comply with the Internal Revenue Code, but no 43 such alteration, amendment or modification deemed necessary by the Company to 44 comply with the IRC shall impact individuals who do not enroll in the SSP. 45 Nothing under the SSP will be subject to the grievance and arbitration procedure of 47 Article 9. 48 49 50 51 52 53 54 55 56 1 ARTICLE 7 2 PENSION

Supplemental Savings Plan. Effective January 1, 2019, the Company 20 established The Boeing Company Supplemental Savings Plan (“SSP”), which is an 21 unfunded “excess benefit plan” solely for the purposes of providing benefits that 22 would have been provided under the VIP but for the limitations of Internal Revenue 23 Code §415(c). The eligibility requirements, amount of benefits, time and form of 24 benefit distribution and administrative provisions of the SSP will mirror the provisions 25 of the former Supplemental Benefit Plan for Employees of The Boeing Company that 26 provided for benefits in excess of the limitations of Internal Revenue Code 27 §415(c) in all material respects. The Company reserves the right to unilaterally 28 establish, alter, amend, and/or modify any or all terms of the SSP as it deems 29 necessary to comply with all applicable laws and regulations, at its sole 30 discretion without further discussion or negotiation with the Union. All terms 31 and conditions of the SSP, as may be so established, amended or modified, will 32 apply to employees covered by this Agreement. 33 The Union understands that the SSP will be a non-qualified deferred 35 compensation plan under the Internal Revenue Code, and as such, employees 36 who elect to participate in the SSP will be subject to special restrictions and 37 election rules with respect to the VIP (including, but not limited to, restrictions 38 on changing deferral elections during a plan year and electing to defer 39 Employee Incentive Plan payments), in addition to restrictions on elections 40 under and distributions from the SSP. The Company reserves the right to 41 unilaterally alter, amend, and/or modify any or all terms of the VIP as it deems 42 necessary to cause the SSP to comply with the Internal Revenue Code, but no 43 such alteration, amendment or modification deemed necessary by the Company to 44 comply with the IRC shall impact individuals who do not enroll in the SSP. 45 Nothing under the SSP will be subject to the grievance and arbitration procedure of 47 Article 9. 48 49 50 51 52 53 54 55 56 1 ARTICLE 7 2 PENSION3.

Supplemental Savings Plan. Effective January 1, 2019, the Company 20 established The Boeing Company Supplemental Savings Plan (“SSP”), which is an 21 unfunded “excess benefit plan” solely for the purposes of providing benefits that 22 would have been provided under the VIP but for the limitations of Internal Revenue 23 Code §415(c). The eligibility requirements, amount of benefits, time and form of 24 benefit distribution and administrative provisions of the SSP mirror the provisions 25 of the former Supplemental Benefit Plan for Employees of The Boeing Company that 26 provided for benefits in excess of the limitations of Internal Revenue Code 27 §415(c) in all material respects. The Company reserves the right to unilaterally 28 establish, alter, amend, and/or modify any or all terms of the SSP as it deems 29 necessary to comply with all applicable laws and regulations, at its sole 30 discretion without further discussion or negotiation with the Union. All terms 31 and conditions of the SSP, as may be so established, amended or modified, will 32 apply to employees covered by this Agreement. 33 The Union understands that the SSP will be is a non-qualified deferred 35 compensation plan under the Internal Revenue Code, and as such, employees 36 who elect to participate in the SSP will be subject to special restrictions and 37 election rules with respect to the VIP (including, but not limited to, restrictions 38 on changing deferral elections during a plan year and electing to defer 39 Employee Incentive Plan payments), in addition to restrictions on elections 40 under and distributions from the SSP. The Company reserves the right to 41 unilaterally alter, amend, and/or modify any or all terms of the VIP as it deems 42 necessary to cause the SSP to comply with the Internal Revenue Code, but no 43 such alteration, amendment or modification deemed necessary by the Company to 44 comply with the IRC shall impact individuals who do not enroll in the SSP. 45 Nothing under the SSP will be subject to the grievance and arbitration procedure of 47 Article 9. 48 49 50 51 52 53 54 55 56 1 ARTICLE 7 2 PENSION3.

Supplemental Savings Plan. Effective January 1, 2019, the Company 20 established The Boeing Company Supplemental Savings Plan (“SSP”), which is an 21 unfunded “excess benefit plan” solely for the purposes of providing benefits that 22 would have been provided under the VIP but for the limitations of Internal Revenue 23 Code §415(c). The eligibility requirements, amount of benefits, time and form of 24 benefit distribution and administrative provisions of the SSP mirror the provisions 25 of the former Supplemental Benefit Plan for Employees of The Boeing Company that 26 provided for benefits in excess of the limitations of Internal Revenue Code 27 §415(c) in all material respects. The Company reserves the right to unilaterally 28 establish, alter, amend, and/or modify any or all terms of the SSP as it deems 29 necessary to comply with all applicable laws and regulations, at its sole 30 discretion without further discussion or negotiation with the Union. All terms 31 and conditions of the SSP, as may be so established, amended or modified, will 32 apply to employees covered by this Agreement. 33 The Union understands that the SSP will be a non-qualified deferred 35 compensation plan under the Internal Revenue Code, and as such, employees 36 who elect to participate in the SSP will be subject to special restrictions and 37 election rules with respect to the VIP (including, but not limited to, restrictions 38 on changing deferral elections during a plan year and electing to defer 39 Employee Incentive Plan payments), in addition to restrictions on elections 40 under and distributions from the SSP. The Company reserves the right to 41 unilaterally alter, amend, and/or modify any or all terms of the VIP as it deems 42 necessary to cause the SSP to comply with the Internal Revenue Code, but no 43 such alteration, amendment or modification deemed necessary by the Company to 44 comply with the IRC shall impact individuals who do not enroll in the SSP. 45 Nothing under the SSP will be subject to the grievance and arbitration procedure of 47 Article 9. 48 49 50 51 52 53 54 55 56 1 ARTICLE 7 2 PENSION.

Supplemental Savings Plan. Effective January 1, 2019, the Company 20 31 established The Boeing Company Supplemental Savings Plan (“SSP”), which is an 21 unfunded 32 “excess benefit plan” solely for the purposes of providing benefits that 22 would have been 33 provided under the VIP but for the limitations of Internal Revenue 23 Code §415(c). The eligibility 34 requirements, amount of benefits, time and form of 24 benefit distribution and administrative 35 provisions of the SSP mirror the provisions 25 of the former Supplemental Benefit Plan for 36 Employees of The Boeing Company that 26 provided for benefits in excess of the limitations 37 of Internal Revenue Code 27 §415(c) in all material respects. The Company reserves the right 38 to unilaterally 28 establish, alter, amend, and/or modify any or all terms of the SSP as it deems 29 39 necessary to comply with all applicable laws and regulations, at its sole 30 discretion without 40 further discussion or negotiation with the Union. All terms 31 and conditions of the SSP, as may 41 be so established, amended or modified, will 32 apply to employees covered by this Agreement. 33 42 43 The Union understands that the SSP will be is a non-qualified deferred 35 compensation plan under 44 the Internal Revenue Code, and as such, employees 36 who elect to participate in the SSP will 45 be subject to special restrictions and 37 election rules with respect to the VIP (including, but 46 not limited to, restrictions 38 on changing deferral elections during a plan year and electing 47 to defer 39 Employee Incentive Plan payments), in addition to restrictions on elections 40 48 under and distributions from the SSP. The Company reserves the right to 41 unilaterally 49 alter, amend, and/or modify any or all terms of the VIP as it deems 42 necessary to cause 50 the SSP to comply with the Internal Revenue Code, but no 43 such alteration, amendment 51 or modification deemed necessary by the Company to 44 comply with the IRC shall impact 52 individuals who do not enroll in the SSP. 45 54 Nothing under the SSP will be subject to the grievance and arbitration procedure of 47 55 Article 93. 48 49 50 51 52 53 54 55 56 1 ARTICLE 7 2 PENSIONProfessional Unit 1