Document:

Supplemental Retirement Plan for Executives of The Boeing Company

 EXHIBIT 10 (vi) 
  
 AMENDMENT NO. 1 
 TO THE 
 SUPPLEMENTAL RETIREMENT PLAN 
 FOR EXECUTIVES OF THE
BOEING COMPANY 
  
 The following Section is added as new Section 6, and
all subsequent Sections are renumbered accordingly. 
  
 Section 6. The Boeing North
American Benefit 
  
 The Boeing North American Benefit shall be
available solely to participants in the Retirement Income Plan for Certain Salaried Employees (Sub-Plan No. C03 of the Boeing North American Retirement Plan) (the “BNA Plan”) whose date of retirement under the BNA Plan is between December
6, 1996 and June 30, 1999. The Boeing North American Benefit equals the difference between (a) and (b), where 
  

	 	(a)	 	 equals the benefit that the participant actually receives upon retirement under the BNA Plan, including any adjustment to the benefit required under the terms of the BNA
Plan (e.g., due to early retirement or late retirement); and 

  

	 	(b)	 	 equals the benefit such participant would have received, including any adjustment to the benefit required under the terms of the BNA Plan (e.g., due to early
retirement or late retirement), had such participant’s Incentive Compensation Plan awards been included in the BNA Plan’s definition of Earnings to the extent such awards were excluded. 

  
 The Boeing North American Benefit shall be paid to the retiring employee (and, if
applicable, to his or her surviving spouse) at the same time and for the same period and generally in accordance with the same provisions as are applicable to the payment of retirement benefits under the BNA Plan. Without limiting the generality of
the foregoing, if an employee should die while still in the employ of the Company leaving a spouse entitled to a survivor benefit under the BNA Plan, the spouse will be entitled to receive for life on account of the Boeing North American Benefit an
amount determined in the same way as his or her survivor benefit was determined under the BNA Plan. The Boeing North American Benefit shall also be subject to the provisions of Sections 7, 8, 9, 10 and 11 in the same manner as the Supplemental
Benefit, provided that for purposes of Section 11, an accrued Boeing North American Benefit will be determined for each eligible employee in accordance with the provisions of this Section based upon the accrued benefit provided by the BNA Plan
determined as of the effective date of the amendment or termination. 
  

 SUPPLEMENTAL RETIREMENT PLAN 
 FOR EXECUTIVES OF 
 THE BOEING COMPANY 
  
 Section 1. Purpose of the Plan. 
  
 The Supplemental Retirement Plan for Executives of The Boeing Company was established effective July 1, 1980. Its sole purpose is to provide a retirement benefit
for a select group of management or highly compensated employees of The Boeing Company (the Company) supplemental to the benefits provided by the Company’s Employee Retirement Plan. The Plan is hereby amended and restated effective January 1,
1999. 
  
 Section 2. Definitions. 
  
 The Plan means the Supplemental Retirement Plan for Executives of The Boeing Company
as herein set forth, together with any amendments to it that may at any time be adopted. 
  
 The Retirement Plan means The Boeing Company Employee Retirement Plan, together with any amendments to it that may at any time be adopted. 
  

The Incentive Compensation Plan means the Incentive Compensation Plan for Officers and Employees of The Boeing Company and Subsidiaries, together with any
amendments to it that may at any time be adopted. 
  
 The Long-Term
Incentive Program means the program provided for by Section 5A of the Incentive Compensation Plan, together with any modifications that may at any time be adopted. 
  
 The Supplemental Benefit Plan means the Supplemental Benefit Plan for Employees of The Boeing Company, together with any amendments to
it that may at any time be adopted. 
  
 Defined terms in the Retirement Plan
will have the same meaning when used in this Plan. 
  
 The Code means the
Internal Revenue Code of 1986, as amended. 
  
 The Supplemental Benefit
means the benefit provided by this Plan. 
  
 Effective January 1, 1991,
Final Average Monthly Total Earnings means the sum of (a) Final Average Monthly Earnings as defined in the Retirement Plan without regard to the compensation limitation under Code Section 401(a)(17), and (b) the sum of the five highest awards made
to the employee under the Incentive Compensation Plan during the last ten calendar years preceding his retirement date divided by sixty. If fewer than five awards are made, then the sum of all awards made during the last ten calendar years preceding
retirement will be used in computing (b) above. 
  

 For purposes of the computations under clause (b) above, an employee’s Incentive Compensation Plan award
includes: 
  

	 	(i)	 	 deferred awards, as well as those paid currently, 

  

	 	(ii)	 	 the amount by which the Compensation Committee of the Board of Directors reduces the employee’s Incentive Compensation Plan award under Section 5 thereof because of
the employee’s participation in the Long-Term Incentive program under Section 5A thereof; and 

  

	 	(iii)	 	 Boeing Stock Unit awards made under Section 5B thereof at their Fair Market Value as of the date of the award, determined as provided in such Section 5B; provided, that
Boeing Stock Unit awards that have been forfeited pursuant to clause (5) of Section 5B shall be excluded from the computations under clause (b) above. 

  

	 	(iv)	 	 Incentive Stock Unit awards made pursuant to the Incentive Stock Plan for Employees at their Fair Market Value as of the date of the award, determined as provided in the
grant of the Incentive Stock Unit award; provided that, Incentive Stock Unit awards that have been forfeited pursuant to the terms of such award shall be excluded from the computation under clause (b) above. 

  
 Section 3. Eligibility. 
  
 Eligibility for the accrual of a Supplemental Benefit under this Plan is limited to employees of the Company, and employees of an
affiliate or subsidiary of the Company which, pursuant to the provisions prescribed therein, has adopted The Boeing Company Employee Retirement Plan, the Voluntary Investment Plan and the Employee Financial Security Plan, either on the active
payroll or on approved leave of absence, on or at any time after July 1,1980, who were also members of the Incentive Compensation Plan (Executive Payroll, formerly known as 90-Series Grades) as of July 1, 1980, or who became members of the Incentive
Compensation Plan at a later date. 
  
 Eligibility for the payment of a
Supplemental Benefit is limited to employees who have participated in this Plan and who immediately prior to their retirement or death while in the employ of the Company, as the case may be, were participants in the Retirement Plan and also on the
management payroll; and who, in the case of death while in the employ of the Company, left a spouse who became entitled to a survivor benefit under the Retirement Plan. 
  
 Any employee who is eligible to be a participant in the Supplemental Executive Retirement Plan for Employees of The Boeing Company
shall not be eligible to participate in this Plan. 
  

 Section 4. Supplemental Benefit. 
  
 The Supplemental Benefit payable to a retiring employee of the Company is a monthly amount computed as (a) + (b) - (c) below.

  

	 	(a)	 	 Core Benefit: A monthly amount equal to 1 % of Final Average Monthly Total Earnings multiplied by Credited Service and the appropriate Early Retirement Reduction
Factor. The Early Retirement Reduction Factor is based on the employee’s age in completed months on the date of retirement. The appropriate factors are as follows: 

  

			
	 Age at Retirement

	 	 Early Retirement
 Reduction Factor

	 55
	 	90%
	 56
	 	92%
	 57
	 	94%
	 58
	 	96%
	 59
	 	98%
	 60 or older
	 	100%

  

	 	(b)	 	 Excess Benefit. A monthly amount based on .5% of Final Average Monthly Total Earnings in excess of Covered Compensation divided by twelve. This amount is multiplied
by Credited Service and then by the appropriate Early Retirement Reduction Factor. The Early Retirement Reduction Factor is based on the employee’s age in completed months on the date of retirement. The appropriate factors are as follows:

  

			
	 Age at Retirement

	 	 Early Retirement
 Reduction Factor

	 55
	 	75%
	 56
	 	80%
	 57
	 	85%
	 58
	 	90%
	 59
	 	95%
	 60 or older
	 	100%

  

	 	(c)	 	 Retirement Plan and Supplemental Benefit Plan Benefit: The amount payable from The Boeing Company Employee Retirement Plan and the amount payable under Section 3
Paragraph (a) of the Supplemental Benefit Plan. If applicable, this amount will reflect reductions for early retirement. However, this amount 

  

	 	 
will not reflect reductions for joint and survivor options or other optional forms of payment. 

  
 In no event will the Supplemental Benefit be less than zero. 
  
 Certain participants in this Plan were transferred to the Supplemental Executive
Retirement Plan for Employees of The Boeing Company, effective January 1, 1999. Those participants, and any other employees that become participants in the Supplemental Executive Retirement Plan for Employees of The Boeing Company, shall not be
eligible for benefits under this Plan. To the extent any such employee is determined to be entitled to benefits under this Plan, such benefits shall be offset by any benefits received under the Supplemental Executive Retirement Plan for Employees of
The Boeing Company. 
  
 Section 5. Payment of Benefit. 
  
 Subject to Section 6 and the provisions of this Section 5, the Supplemental Benefit
shall be paid to the retiring employee (and, if applicable, to his or her surviving spouse) at the same time and for the same period and generally in accordance with the same provisions as are applicable to the payment of retirement benefits under
the Retirement Plan. Without limiting the generality of the foregoing, if an employee should die while still in the employ of the Company leaving a spouse entitled to a survivor benefit under the Retirement Plan, the spouse will be entitled to
receive for life on account of the Supplemental Benefit an amount determined in the same way as his or her survivor benefit was determined under the Retirement Plan. The retiring employee may elect to receive payment of the Supplemental Benefit
under either the straight life method or the 50%, 75% or 100% joint and survivor method, and such election shall be subject to the same actuarial or other adjustments that are used in determining benefits under the Retirement Plan. If the
employee’s benefits under the Retirement Plan are increased on account of subsequent amendments to that Plan, for example, amendments providing increased benefits for retirees, a corresponding increase will be made in the Supplemental Benefit.

  
 Notwithstanding the foregoing, if the Actuarial Equivalent of a
Participant’s Supplemental Benefit (or, if applicable, that of his or her spouse) is $10,000 or less, the Actuarial Equivalent value of the Supplemental Benefit shall be paid in the form of an automatic lump sum at the same time as benefits
begin or are paid under the Retirement Plan. This paragraph applies to Participants who retire or begin receiving termination benefits under the Retirement Plan (or to spouses who begin receiving their benefits) on or after February 1, 1997, and for
this purpose the Actuarial Equivalent shall be determined as of the Participant’s Retirement Date (or, if applicable, the spouse’s benefit commencement date) under the Retirement Plan. This paragraph shall also apply to Participants (or
spouses) who are receiving benefits under this Plan as of February 1, 1997, and for this purpose the Actuarial Equivalent shall be determined with respect to each Participant’s remaining benefits payable under this Plan determined as of
February 1, 1997. 
  
  
  

 Section 6. Forfeiture. 
  
 A retired employee (and a surviving spouse, if applicable) shall forfeit all right to receive further payments of the Supplemental Benefit and shall have no further
interest in this Plan if at any time after retirement the retired employee shall engage in an activity, whether individually or as an employee, consultant or otherwise, which the Employee Benefit Plans Committee, in its sole and absolute discretion,
shall determine to be in competition with any significant aspect of the Company’s business. 
  
 Section 7. Nonassignability. 
  
 The Supplemental
Benefit shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, charge, execution, attachment, garnishment or any other legal process. Any attempt to take any such action shall be void and shall authorize
the Employee Benefit Plans Committee, in its sole and absolute judgment, to forfeit all further right and interest in the Supplemental Benefit. 
  
 Section 8. Funding. 
  
 The Plan shall be unfunded, and the Supplemental Benefit shall be paid only from the general assets of the Company. 
  

Section 9. Administration. 
  
 The Plan shall be administered by the Employee Benefit Plans Committee of The Boeing Company. The Employee Benefit Plans Committee shall make such rules, interpretations, determinations of fact and
computations as it may deem appropriate. Any decision of the Employee Benefit Plans Committee with respect to the Plan, including (without limitation) any calculation of a Supplemental Benefit, shall be conclusive and binding on all persons.

  
 Section 10. Amendment and Termination. 
  
 The Board of Directors of The Boeing Company shall have the authority to amend or
terminate the Plan at any time. The Board of Directors shall also have the authority to delegate at any time, in its sole discretion, the power to amend the Plan at any time. Any such amendment or termination shall not adversely affect or impair the
benefit entitlements in course of payment to retired employees and surviving spouses, the contingent rights to the continuance of benefit payments of the spouses of retired employees named as Joint Annuitants, or the accrued Supplemental Benefits as
defined in this Section of all eligible employees then in the employ of the Company. 
  
 For the purpose of this section, an accrued Supplemental Benefit will be determined for each eligible employee in accordance with the provisions of Section 4 but based on Credited Service, Final Average Monthly Total Earnings,
Covered Compensation and the accrued benefit provided by the Retirement Plan all determined as of the effective date of the amendment or termination. 

  

 
Payment of benefits based on such an accrued Supplemental Benefit will be made in accordance with the terms of this Plan to the employee if he retires under the
Retirement Plan, or to his surviving spouse if he dies while in the employ of the Company and leaves a spouse eligible for a Pre-Retirement Joint and Survivor Spouse Benefit under the Retirement Plan. 
  
 Section 11. Employment Rights. 
  
 Nothing in the Plan shall be deemed to give any person any right to remain in the
employ of the Company or affect any right of the Company to terminate a person’s employment with or without cause.Deferred Compensation Plan for Employees of The Boeing Company

 EXHIBIT 10 (vii) 
  
 DEFERRED COMPENSATION PLAN 
 FOR EMPLOYEES OF THE BOEING
COMPANY 
 (As Amended and Restated on October 22, 2001) 
  

	1.	 	 Purpose. The purpose of this Deferred Compensation Plan (the “Plan”) for employees of The Boeing Company (the “Company”) and its subsidiaries is
to provide a means by which eligible employees may defer payment of base salaries and awards made under incentive compensation plans sponsored by the Company or its subsidiaries. 

  

	2.	 	 Eligibility. Any Executive Payroll employee, including those employed by a subsidiary of the Company, if such employee is paid on a U.S. dollar-based payroll, shall
be eligible to participate in this Plan. 

  

	3.	 	 Elections. An eligible employee may elect deferrals, by executing and delivering to the Company a notice which shall state: 

  
 in the case of salary deferrals, the percentage of the
Participant’s base salary (but not more than 50% thereof) to be deferred in each regular pay period, and 
  
 in the case of deferrals of incentive compensation awards payable in cash, the percentage of the award to be deferred (which shall be all or any
portion thereof), and 
  
 in the case of incentive
compensation awards payable other than in cash, an election to defer such award (such election to apply to all of each non-cash award), and 
  
 with respect to any of the above elections, the method for crediting investment earnings on deferred amounts. 
  

	    	 	 A notice of election will remain in effect until changed with respect to future deferrals by a notice to the Company increasing or decreasing the percentage of future
salary or cash awards under incentive compensation plans to be deferred, terminating an election to defer non-cash incentive compensation awards, or changing the method for crediting investment earnings on future deferrals. Any election or change in
election must be made by December 1 to be effective for a salary deferral for the following year, or for any cash or non-cash incentive compensation award to be made by the Committee in the following year, or for changing the earnings credit method
for deferrals made in the following year. Any such election, if approved by the Committee, shall supersede any election previously made. 

  
  

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 A Participant may request that the Committee approve cancellation of a salary deferral election
during the year for which such deferral was elected. No such request shall be approved except upon a showing of substantial hardship not capable of being alleviated through the use of other resources reasonably available to the Participant. If
approved, such cancellation shall have prospective effect only, from the date of such approval. 
  
 If a Participant terminates participation in this Plan, all amounts accumulated in the Participant’s account prior to termination will continue to be held subject to the Plan. 
  
 For purposes of the Plan, a “Participant” means an employee
or former employee having an account under the Plan. 
  

	4.	 	 Company Matching Contributions. To the extent that the Company or any subsidiary makes a matching contribution with respect to all or part of any amounts deferred
under this Plan, each such matching contribution shall be deferred together with the Participant deferral to which it relates, and shall be subject to all of the Participant elections (including default elections) with respect to such deferral. Any
matching contribution made pursuant to this Section 4 shall be canceled and forfeited if the employee leaves the employment of the Company or a subsidiary for any reason other than retirement under a retirement plan sponsored by the Company or a
subsidiary, disability as determined by the Company or subsidiary, layoff, or death. 

  

	5.	 	 Earnings Credits on Deferred Amounts. All amounts deferred under the Plan, and any matching Company or subsidiary contribution with respect thereto, shall be
credited to the Participant’s account at the time at which they would otherwise first have become payable to the Participant or, if earlier, the time at which the Participant’s interest in the award becomes vested. Non-cash awards shall be
credited to the Participant’s account at the time at which they would otherwise first have become distributable to the Participant. 

  
 Each account shall be credited with earnings thereon, under the Interest Credit method or the Stock Unit method, at the election of the Participant.
In the absence of an election the Interest Credit method shall be used. Once an election has been made, it shall be irrevocable except for the special one-time election to change the method of crediting earnings for terminating Participants.

  

	

	    	 	 Interest Credit Method. A Participant’s account shall be credited monthly with interest on all amounts in that account during the preceding month.

  
 Interest will be computed during each
calendar year at the mean between the high and the low during the first eleven months of the preceding year of yields on Aa-rated industrial Bonds as reported by Moody’s Investors Service, Inc., rounded to the nearest 1/4th of one percent. The
Company will notify Participants annually of the established interest rate. 
  
  

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 Stock Unit Method. A Participant’s Stock Unit account shall be credited with the number
of shares of the Company’s common stock that could be purchased with the amount credited to such account, based on the Fair Market Value of the Company’s common stock on the day the account is so credited (or on the next business day on
which the New York Stock Exchange (the “Exchange”) is open, if the Exchange is closed on the day the account is credited) excluding commissions, taxes, and other charges. Such number (carried to two decimal places) shall be recorded as
stock units in the Participant’s account, for bookkeeping purposes only. For purposes of the Plan, “Fair Market Value” means the mean of the high and low per share trading prices for the common stock of the Company as reported for the
“New York Stock Exchange—Composite Transactions” for a single trading day. The number of stock units in an account shall be appropriately adjusted to reflect stock splits, stock dividends, and other like adjustments in the
Company’s common stock. 
  
 Each Participant’s
Stock Unit account periodically shall be credited with the number of shares of the Company’s common stock that could be purchased, as set forth in the preceding paragraph, with an amount equal to the cash dividends that would be payable on the
number of shares of the Company’s common stock that equals the number of stock units in a Participant’s Stock Unit account. The Company will notify Participants annually of the number of stock units, and the dividend equivalents, credited
to their Stock Unit account. 
  
 Special Election for
Terminating Employees. Following termination of employment, a Participant will have an opportunity to make a one-time special election to change the method of crediting earnings on all or a portion of amounts accumulated in one or more deferral
accounts. For terminations of employment occurring after December 31, 2001, the special election must be received by the Company no later than twelve (12) months after the date of the Participant’s termination. For terminations of employment
occurring on or before December 31, 2001, the special election must be received by November 30, 2002. The Company will record the election upon receipt but no earlier than the first business day following a Participant’s date of termination of
employment and no later than twelve (12) months after the date of termination, or for terminations occurring on or before December 31, 2001, the election will be recorded no earlier than January 2, 2002 and no later than November 30, 2002. Once
recorded, such election shall be irrevocable. Once the election is recorded, the Company will transfer the specified amount to the newly elected earnings credit method on the last day of the quarter following the quarter in which the election was
recorded (or on the next business day on which the Exchange is open, if the Exchange is closed on that day). Any amounts (other than dividend equivalent earnings) deferred after the transfer date will be deferred based on the earnings method set
forth in the original deferral election. All payment elections will continue to apply as though no earnings method change had been made. 
  
  

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	6.	 	 Payment. The timing and manner of distribution of amounts held under the Plan shall be determined by the Committee in its sole discretion, but distributions shall
commence no later than the January 15, or such later date as may be otherwise determined by the Committee, immediately following (a) the year in which the Participant reaches age 701⁄2 or (b) if the Participant continues employment with the
Company beyond such age, the year the Participant retires from the Company or otherwise terminates service from the Company. A Participant may submit an election to the Committee, stating the number of years over which payment shall be made (which
shall be between 1 and 15 years), the initial year of payment, and the payment option (in the case of payments to be made over 2 or more years). The election shall be submitted to the Committee by not later than December 1 of the year following the
year of termination of the Participant’s employment by the Company. Distribution shall be made in accordance with the election unless the Committee determines that the distribution should be made at some different time or in some different
manner. 

  
 The payment options (in the case of payments
to be made over 2 or more years) shall be as follows: 
  
 Approximately Equal Option. The amount payable to the Participant each year shall be computed by the Company so that the aggregate amount of cash or stock in a Participant’s account under the Plan shall be distributed in
approximately equal installments in each year for which deferred compensation payments are to be made. 
  
 Fractional Option. The amount payable to the Participant each year shall be computed by multiplying a fraction, the numerator of which is one
and the denominator of which is the number of years remaining in the distribution period, by the balance in the account on January 1 of such year. 
  
 Under either option, the Participant’s account shall be debited at the time of payment. 
  
 An approved payment period and payment option shall be applicable to the Participant’s total aggregate deferred compensation
accounts under the Plan, including any accounts previously maintained that have been combined into an account under this Plan. 
  
 Distributions from a Participant’s Stock Unit account shall be paid in cash: provided, that following a Participant’s termination of employment,
distributions from the Stock Unit account may be made in stock at the written election of the Participant. The cash distribution shall equal the cash value, on the date as of which the distribution is calculated (which shall be the first business
day in January unless some other date is prescribed by the Committee), of the number of whole shares of Company common stock then distributable to such Participant, based on the Fair Market Value of such stock on that date, or the next day on which
the Exchange is open if the Exchange is 
  

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 closed on the date the distribution is calculated. Any distribution in stock shall be in whole
shares of the Company’s common stock equal in number to the whole number of stock units credited to the Participant’s account under the Stock Unit method. No fractional shares shall be distributed and any account balance remaining after a
stock distribution shall be paid in cash. 
  
 A Participant
may request that amounts credited to the Participant’s account under the Plan be distributed prior to the Participant’s termination of employment with the Company, or that an approved method of payment be changed. Any such request shall
set forth the reason therefor, and is subject to approval by the Committee in its sole and absolute discretion. Any request for a distribution prior to termination of employment must be submitted to the Committee by no later than December 1 of the
year prior to the year in which the distribution is requested to be made. No request for distribution prior to termination of employment will be approved if the Participant also has elected to defer any portion of an incentive compensation award to
be made in the calendar year in which the requested distribution is to be made. A Participant may request that any or all amounts accumulated under this Plan be distributed except for any amounts, and any interest or dividends credited thereon,
which were deferred in the calendar year in which the request for distribution is submitted. 
  

	    	 	 The Committee may establish guidelines for its own use and the use of its delegates in considering any such request or any other request or election under the Plan, but
such guidelines shall not in any way limit the Committee’s discretion in acting upon a request or election, or in determining the timing and manner of any distributions to be made under the Plan. 

  
 Distributions under the Plan shall be subject to withholding for taxes
and other charges, as required by law, and the Company shall deduct from any such distribution any amounts owed by the Participant to the Company. For distributions in stock, required withholding and any other deductions will be taken from the
common stock that would have been received. 
  

	7.	 	 Beneficiaries. A Participant may designate one or more beneficiaries to receive distributions from the Plan, upon the Participant’s death. If no beneficiary
has been designated, all such amounts shall be paid to the Participant’s personal representative. Except as provided in the following paragraph, the death of a Participant shall not affect the timing or manner of distributions from the
Participant’s account. 

  

	    	 	 A Participant may elect that one or more fixed payments be made from the Plan to the Participant’s personal representative or designated beneficiary, following the
Participant’s death. Such payments, if approved by the Committee, shall be made within 15 months after the Participant’s death. Any amounts thereafter remaining in the Participant’s account will be distributed at the time and in the
manner approved by the Committee. 

  
  

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	8.	 	 Termination or Amendment of the Plan. This Plan may be terminated, modified, or amended from time to time by resolution of the Board of Directors of the Company. If
the Plan is terminated, all amounts accumulated prior to termination will continue to remain subject to the provisions of the Plan as if the Plan had not been terminated. 

  

	9.	 	 Participant’s Rights. Amounts deferred and accumulated under the Plan remain the property of the Company, and no Participant or other person shall acquire any
property interest in the account or any other assets of the Company on account of participation in the Plan, the Participant’s rights being limited to receiving from the Company the payments provided for in the Plan. The Plan is unfunded and to
the extent that any Participant acquires a right to receive payments from the Plan such rights shall be no greater than the rights of a general unsecured creditor of the Company. 

  

	    	 	 Except to the extent provided in the final paragraph of Section 6 of the Plan, the right of a Participant, legal representative or beneficiary to receive payments from the
Plan shall not be subject to anticipation, sale, assignment, pledge, encumbrance or charge, nor shall such right be liable for or subject to the debts, contracts, liabilities or torts of the Participant or the Participant’s legal representative
or beneficiaries. 

  

	10.	 	 Powers of Compensation Committee. The Compensation Committee (the “Committee”) of the Board of Directors of the Company shall have full power and
authority to construe and interpret this Plan. The Committee may from time to time delegate such of its functions hereunder as it may determine, to one or more of the officers of the Company, on such terms and conditions as the Committee may decide.
Decisions of the Committee or its delegates shall be final and binding upon the Participants, their legal representatives and beneficiaries. Action by the Committee or its delegates on any election or request made by a Participant pursuant to the
Plan shall be subject to the sole discretion of the Committee or such delegates. 

  

	11.	 	 Boeing Satellite Systems, Inc. Pursuant to the Stock Purchase Agreement between The Boeing Company, Hughes Electronics Corporation and Hughes Telecommunications and Space
Company dated as of January 13, 2000 (the “Agreement”) and effective as of the closing date under the Agreement (“Closing Date”), the Committee has designated certain employees of Boeing Satellite Systems, Inc. (“BSS”)
as Executive Payroll employees eligible to participate in this Plan (“Satellite Executives”). 

  

	    	 	 The deferral elections of Satellite Executives in effect pursuant to the Hughes Electronic Corporation Executive Deferred Compensation Plan (“Hughes Plan”) as of
the Closing Date shall be deemed to be irrevocable deferral elections in effect for purposes of this Plan for salary and cash payments related to the Hughes Annual Incentive Plan and Long-Term Achievement Plan paid by BSS in 2000 and 2001.

  

 6 

 Satellite Executives eligible for Company performance shares and restricted stock units in lieu of
payments under the Hughes Long-Term Achievement Plan shall be provided the opportunity to make a deferral election with respect to such awards. 
  
 Accounts under this Plan shall be established for Satellite Executives in an amount equal to their account balances as of the Closing Date under the
Hughes Plan. Such accounts shall be paid in accordance with the terms of this Plan. Except for such account balances, no Liability, as defined in the Agreement, shall accrue or be paid with respect to any Satellite Employee or Retired Satellite
Employee, as defined in the Agreement, under the Hughes Plan on or after the Closing Date. 
  
 Satellite Executives with account balances established as of the Closing Date and/or who have irrevocable deferral elections in effect as of the Closing Date may elect earnings credits on deferred amounts
in accordance with Section 5. 
  
 This Section 11 is
effective as of the Closing Date, if any. 
  

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