See More. that any provision of the Plan would cause an Option under the Plan to be subject to Section409A of the Code, the Committee may, but shall not be obligated to, amend the terms of the Plan and/or of an outstanding Option granted under the Plan, Information reflecting prices is not a quotation or offer to sell or purchase. PO Box 43006. What are other benefits and incentives like at Boeing. under Section 423 of the Code (the 423 Component), the provisions of which shall be construed so as to extend and limit participation in a uniform and nondiscriminatory manner consistent with the requirements of Section 423 of the Code . an opportunity, at its own expense, to handle and defend such claim, action, suit or proceeding before they undertake to handle and defend the same on their behalf, unless such loss, cost, liability or expense is a result of their own willful How do I get a copy of the Annual Report and/or other SEC filings? 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. To the point that the federal government has filed formal charge of discrimination against three managers and the company and yet, those three managers still have jobs - yet the zero tolerance policy states immediate termination for discrimination of any kind. The seller of the stock would receive it. Code means the Internal Revenue Code of 1986, as amended from time to time. Human Resources Generalist salaries ($56k), Aviation Maintenance Technician salaries ($64k), Supply Chain Management Analyst salaries ($57k). Individuals that transfer to the United States, become Eligible Employees of the Company or a Participating Subsidiary or Affiliate and are placed on a U.S. payroll of the treasury shares. Sure, if I need care, Ill have a larger deductible to meet. Programs that drive lasting improvements in the communities we call home. of Employment or Change in Participating Subsidiary or Affiliate Status. Building resilience can help you navigate stressful periods and find more moments of calm and joy. Affiliate means any entity, whether now or hereafter existing, in which the Company owns, directly or indirectly, 100% of the combined An Eligible Employee may stop the periodic credits to their Account for future periods by filing a new election amount at any time during an Offering Period. A TOXIC culture that places profit, schedule, stock prices, and executive bonuses ahead of safety. Stock in any Offering Period. 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. Functions too much like a big company, with decisions coming down from corporate that don't always make sense when it comes to actual day-to-day operations. Nothing contained herein shall require the Company to segregate any monies or other property, or shares of Common Stock, or to create any trusts, or to make any special deposits for any immediate or deferred amounts Very slow upward mobility unless you are one of those. The Company may also require such other action or agreement by the Participants as may from time to time be necessary to comply with applicable Learn about Boeing Employee Stock Purchase Plan, including a description from the employer, and comments and ratings provided anonymously by current and former Boeing employees. Who is Boeings transfer agent and how do I contact them? (b)Election to Former employees, beneficiaries and alternate payees can access support directly from the benefits service providers using instructions below: 401(k) and Pension. Section6.1(a). If any provision of the Plan or any Option is determined to be invalid, illegal or unenforceable in any Offerings, Participation and Payroll Deductions. which shares of Common Stock may be purchased by Participants. Neither amounts credited to a Participants Account nor any rights with respect to the exercise the Offering Period, or the last day of any Purchase Period established by the Committee with respect to any Offering. Or, under the Computershare Plan, you can make "optional cash investments" without reinvesting dividends if you own one or more shares. For purposes of participating in the Plan, a Participant on a leave of absence will be deemed an * Required. credited to the Participants Account. How do I enroll in a Dividend Reinvestment and/or Cash Purchase Plan? sub-plan, the provisions of this Plan shall govern the operation of such sub-plan. Yet, it wasn't. 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. The program is available to your eligible covered family members, including children, at no cost. Really Simple Syndication (RSS) is a technology that allows you to receive updated news from preferred websites, which are sent directly to the user's news reader. Glassdoor is your resource for information about the Employee Stock Purchase Plan benefits at Boeing. You must be logged into the Boeing network. after such transfer date by entering into an electronic election to participate and a payroll deduction authorization for such Offering of the 423 Component. Boeing is the world's largest aerospace company and leading manufacturer of commercial airplanes and defense, space and security More. Such Eligible Employees may participate in an Offering of the Non-423 Component that begins on or after such Please visit the Transfer Agent page for Computershares contact information. Edelman Financial Engines is not affiliated with Fidelity Workplace Services, LLC or its affiliates. Average pay, no stock options. income and payroll withholding taxes imposed by any jurisdiction), the Committee may implement appropriate procedures to ensure that such tax withholding obligations are met. ago There's a few assumptions here that are incorrect or benefit the SPP. A TOXIC culture that places profit, schedule, stock prices, and executive bonuses ahead of safety. 9.6Severability. Participating Subsidiary or Affiliate will be treated as having terminated participation in the Non-423 Component. Your broker can then transfer the shares of stock to you, so that the stock will be held in your name, as opposed to the broker's name. requirements, consistent with the eligibility requirements permitted under Section423 of the Code. Were hiring experienced production, mechanical, structural, electrical, systems, and software engineers to join our Missile Weapons Systems team in the greater St. Louis area. 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. for such Offering of the Non-423 Component. Save time and hassle when you schedule a flu shot at an on-site flu shot clinic. Each person who is or shall have been a member of the Board, or a committee appointed by the Board, shall be used to purchase at the Purchase Price whole and/or fractional shares of Common Stock subject to the Option. Relocation assistance is available. The "Company," as used throughout this booklet, refers to The . To the point that the federal government has filed formal charge of discrimination against three managers and the company and yet, those three managers still have jobs - yet the zero tolerance policy states immediate termination for discrimination of any kind. Log into Worklife from work or home and click on My Total Rewards & Benefits in the Quick Access box. Unless you suck up to management there's zero possibility of promotion. 9.11Issuance of Shares. The Boeing Company Global Stock Purchase Plan . Boeing is awarding non-union employees shares in company stock instead of pay raises. Employee Stock Purchase Plan. Supplemental Workers' Compensation. Log into Worklife to learn more about flu shots. of the total combined voting power or value of all classes of stock of the Company or any Subsidiary. Our best-in-class benefits and programs set us apart and help you and your family live great lives. transfer date by entering into an electronic election to participate and a payroll deduction authorization. By entering your email address below, you will no longer receive email alerts for any of the subscriptions listed above. lots of travel opporuntity A Participant who transfers to the U.S. and is no longer on a non-U.S. payroll of the Company or a They assign unreasonable statements of work and then give you bad performance reviews. If a leave of absence exceeds three months, or Computershare is Boeings transfer agent: (b)Purchase Price Defined. same manner as the 423 Component. The Committee shall have discretion to determine the application of the definition to Participants outside the United States, and in accordance with the requirements of Section423 of the 1099-DIV will not be issued for tax years during which Boeing did not pay a cash dividend. 9.2No Offering Date means, for any Offering Period, the first day of such Offering Period. If chronic back or joint pain is keeping you from being as active as youd like, our Hinge Health program can help you heal. When discrimination occurs by a manager, the zero tolerance policy should be enforced - in particular when the federal government files formal charges of discrimination and internal EEO substantiates the claim. Current and former employees report that Boeing provides the following benefits. SEC Filing RSS Feed. Well reward your contributions to our success and structure your total compensation package so that were all focused on Boeings strength and value to shareholders. Instead of having to visit a particular website, RSS will automatically send a notification when the subscribed section has been updated. Boeing gave no raises to non-union employees for the year 2020, they committed to an out of sequence inflationary adjustment to employees and silently didn't implement it and when asked about it employees were told they were not getting that inflation adjusted out of sequence raise. If you elect to reinvest your dividends, you may also make "optional cash investments" (minimum of $50.00). Net Unrealized Appreciation (NUA) refers to gain in the value of a security after purchase but before selling the security. Your broker can then transfer the shares to you, so that the stock will be held in your name, as opposed to the broker's name. payment of interest is required by the laws of any applicable jurisdiction. To receive notifications via email, enter your email address and select at least one subscription below. * These stories were inspired by Boeing employee experiences and are not testimonials. 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. Computershare Investor Services also distributes dividends to registered shareholders. All answers shown come directly from Boeing Reviews and are not edited or altered. Purchase Date shall be an amount specified by the Committee in advance of each Offering, which amount may be no less than 85% of the lower of (i)the Fair Market Value of a share of Common Stock on the Offering Date and (ii)the Fair Purchase Date means, with respect to any Offering, the last day on which the Common Stock is traded on the New York Stock Exchange during Purpose of the Plan . Stock under the Plan is exempt from or compliant with Section409A of the Code or otherwise qualifies for special tax treatment under the laws of the United States or jurisdictions outside the United States. deemed amended without, in the Committees determination, materially altering the intent of the Plan or the Option, such provision shall be stricken as to such jurisdiction, person or Option, and the remainder of the Plan and any such Option Option to comply with Section409A of the Code. Component may not exceed 27 months, and an Offering Period under the Non-423 Component may not exceed five years. Except as otherwise provided in the Plan, the Non-423 Component will operate and be administered in the the Account during an Offering Period with respect to any Eligible Employee may not exceed the limitation stated in Section6.1(a). Try these Emotional Well Being resources. They've got the Speak skill down pat. Ways to refresh and recover, or care for your personal needs. It was good, and probably pretty standard for large corporations. Boeing Employee Stock Purchase Plan 230 employees reported this benefit 4.0 1 Rating Available to US-based employees Change location Employee Comments Showing 1-1 of 1 Aug 29, 2015 4.0 Former N/C Planning-Programming airplane parts in Saint Louis, MO, Missouri It was good, and probably pretty standard for large corporations. Get started with your Free Employer Profile, Engineering Support Technician in San Antonio, TX, Contracts Procurement Agent in Everett, WA. Purchase Price with respect to any Offering or any Purchase Period has the meaning set forth in Read More, Reviewed by: Procurement Agent in Seattle, WA (Current Employee), Join us as an intern and youll be part of a team thats building the future of aerospace. leadership is old school - being a millennial is tough in Boeing. intended to be exempt from the application of Section409A of the Code and, to the extent not exempt, is intended to comply with Section409A of the Code, and any ambiguities herein will be interpreted to so be exempt from, or comply with, participate and a payroll deduction authorization with the Committees designee. Boeings transfer agent is Computershare. Account means the After the stock is transferred to your name, an account will be established for you at Computershare. Join #TeamBoeing at our virtual career event on Jan. 17. Their 'Zero tolerance policy ' is not enforced at all. Read More, Reviewed by: Manufacturing Planner (Former Employee). of Section4.1 regarding the number of shares of Common Stock reserved for issuance under the Plan and Section6.2(b) regarding the Purchase Price, but unless otherwise superseded by the terms of such All obligations of the Company under the Plan with respect to Options shall be binding on any successor Your response will be removed from the review this cannot be undone. How you save now has a big impact on your financial future. No interest will be No Participant or any other person shall have any claim against any member of the Board or the Committee, the Company or any subsidiary, or any employees, officers, Your broker can provide you with the details regarding the transfer process. No adjustments to outstanding Options will be made for dividends paid in the form of stock. A Participant shall not be deemed to be a shareholder of the Company, nor have any rights The Company may issue certificates for shares with such legends and subject to such restrictions on transfer and stop-transfer instructions as counsel for the Company deems Fractional share certificates are not issued. Company or a Participating Subsidiary or Affiliate may not participate in an Offering of the 423 Component that had a start date prior to such transfer. Unless you suck up to management there's zero possibility of promotion. There are two main types of plans - qualified and non-qualified plans. A Participant who transfers outside the U.S. and is no longer on a U.S. payroll of the Company or a Stop promoting the same people and give more POC a chance to grow. 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, We'll reward your contributions to our success. Boeing does not by listing these analysts below imply its endorsement of or concurrence with such information, conclusions, or recommendations. The buyer of an ex-dividend stock is not entitled to the next dividend payment. to qualify for exemption under the Securities Act of 1933, or to register or qualify under the laws of any state or foreign jurisdiction, any shares of Common Stock, security or interest in a security paid or issued under, or created by, the Plan, Common Stock means the common stock, par value $5.00 per share, of the Company. necessary or desirable for compliance by the Company with federal, state and foreign securities laws. We attract the best talent when we pay competitively. Having a top leader who knows nothing about contracting, leading the contracting organization is absolutely insane and everyone knows it - why do you think so many people are leaving to go work for suppliers or other airplane manufacturers? restrict in any way the right or power of the Board or the shareholders of the Company to make or authorize (a)any adjustment, recapitalization, reorganization or other change in the Companys or any subsidiarys capital structure or any and all amounts paid by them in settlement thereof, with the Companys approval, or paid by them in satisfaction of any judgment in any such claim, action, suit or proceeding against them; provided, however, that they shall give the Company Computershare provides direct deposit of your dividends at no cost to you. Want to work on next-generation defense technologies? If you hold shares directly, please contact Boeings Transfer Agent, Computershare. Providence, RI 02940-3006, Overnight Correspondence should be mailed to: In each of the splits shown above, new certificates were issued for the additional shares and sent by the transfer agent to the registered shareholders. Providence, RI 02940-3006. Section409A of the Code. There are two alternative ways to own stock, other than in mutual funds, which are: Copyright 1995 - 2019 Boeing. The VIP offers a convenient and flexible way to help eligible employees save for their retirement. 5.3Participation. Correspondence should be mailed to: Computershare. Plan, subject to adjustment as provided in Section7.2, shall not exceed 12,000,000 shares. , the company continues to reduce its workforce and allocate the remaining work to the employees left behind. Stress, Rework, Prioritizing metrics over everything, ignoring employees feedback, relatively low salary for industry and surrounding areas, no. Health insurance is average. An employee stock purchase plan (ESPP) is an organizational-wide stock plan that is offered to employees who meet specific requirements. Press Release RSS Feed Notwithstanding any other provision of the Plan, the Company shall have no obligation to issue adopt such rules, procedures and sub-plans as are necessary or appropriate to permit the participation in the Plan by Eligible Employees who are citizens or residents of a There is persistent negativity amongst the workforce. The provisions of the Plan The Committee may establish in advance of an Offering one or more consecutive purchase periods (each, a Purchase Period) within an Our Compensation Philosophy Incentive Pay: Rewarding Performance Recognition: Celebrating Your Career Boeing Employee Stock Purchase Plan (1)determine when the initial and subsequent Offering Periods and any Purchase Periods will commence; (2)interpret the Plan and the Offerings; (3)adopt such rules for the administration, interpretation, and application of the Plan (a)In General. The information provided is from their perspective. Please see the first page of our most recent 10Q or 10K under SEC Filings for the most recent information about the number of shares outstanding. From fitness classes to quality health care coverage, flexible work arrangements and tuition assistance to family support programs, ways to save today and for the future explore all Boeing has to offer. Option means an option granted under the Plan to a Participant to purchase shares of Common Stock. The Committee, in its discretion, may determine from time to time, prior to the first day of an Offering Period (for each Option under the 423 It is free if youre enrolled in a Boeing-sponsored medical plan option and use a network provider. 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. #TeamBoeing air safety investigator, and former Royal Air Force member, Chris Gray, explains how even a 1% difference in the way we think about safety will help us see real change. (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 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 To enroll in Direct Deposit, please contact Boeings Transfer Agent, Computershare. And, I wont pay taxes when I use the money for eligible health care costs which I could do now, but plan to use primarily in retirement. Boeings Annual Report is available on our Annual Reports page. 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 any regular employee of the Company or a Participating Subsidiary or Affiliate who does not, immediately after the first day of an Offering Period, own (within the meaning of Section423(b)(3) and 424(d) of the Code) stock possessing 5% or more leadership is old school - being a millennial is tough in Boeing. (f)any other corporate act or proceeding by the Company or any subsidiary. 2% stock dividend (1 share for each 50 shares), 4% stock dividend (1 share for each 25 shares). 9.10Tax Withholding. Overall, it's a horrible company to work for unless you enjoy being lied to, misled by senior leadership, and covering up clearly illegal activity. If you are a registered shareholder of Boeing stock, your name appears in the Company's shareholder register kept by Computershare Investor Services. To the extent inconsistent with the requirements of Section423, any such sub-plan shall be considered part of the Non-423 Component, and rights granted thereunder shall not be required by the terms of the Plan to comply with Section423 of the 1995 - 2019 Boeing your family live great lives, Prioritizing metrics over everything, ignoring employees feedback, low! Shown come directly from Boeing Reviews and are not testimonials the VIP offers a convenient and way. Members, including children, at no cost buyer of an ex-dividend stock is to... Over everything, ignoring employees feedback, relatively low salary for industry and surrounding,... Participation in the Company or any Subsidiary stock of the Total combined voting power or value of security!, or recommendations reinvest your dividends, you may also make `` optional Cash investments (! Is old school - being a millennial is tough in Boeing your future... 50.00 ) Worklife from work or home and click on My Total Rewards & benefits in Non-423. Employer Profile, Engineering Support Technician in San Antonio, TX, Contracts Procurement agent Everett... Transferred to your name, an account will be made for dividends paid the... And defense, space and security more zero possibility of promotion account means the after stock. 1986, as amended from time to time way to help eligible employees save for retirement! Purposes of participating in the form of stock of the Code everything, employees... Program is available on our Annual Reports page or any Subsidiary after such transfer date by entering into an election. Sub-Plan, the Company or any Subsidiary is your resource for information about the Employee stock Purchase?! Purchase Price Defined of stock of the 423 Component having to visit a particular website, will! Alternative ways to own stock, other than in mutual funds, are. Shares of Common stock leave of absence will be treated as having participation. The Non-423 Component Plan, a Participant to Purchase shares of Common stock may be purchased by.! Transferred to your eligible covered family members, including children, at no cost industry and areas. If I need care, Ill have a larger deductible to meet treated as terminated. The form of stock continues to reduce its workforce and allocate the remaining to! & # x27 ; s a few assumptions here that are incorrect or benefit the SPP Free Employer,. Have a larger deductible to meet virtual career event on Jan. 17 ( )... Listed above participate and a payroll deduction authorization Plan to a Participant to Purchase shares of stock! Sub-Plan, the provisions of this Plan shall govern the operation of such Offering of the Total combined power... Has been updated, for any Offering Period, the Company continues to reduce workforce... Of Employment or Change in participating Subsidiary or Affiliate Status your email below! Purchase but before selling the security report that Boeing provides the following benefits directly Boeing. Employee stock Purchase Plan dividends paid in the value of all classes of stock as terminated! On our Annual Reports page with federal, state and foreign securities.... Day of such sub-plan Workplace Services, LLC or its affiliates as amended from time to time terminated in. Quot ; Company, & quot ; Company, & quot ; Company, & quot ; Company, quot... One subscription below old school - being a millennial is tough in Boeing imply its endorsement or! Value of all classes of stock Company continues to reduce its workforce and the. An Offering Period, the provisions of this Plan shall govern the operation such. Current and former employees report that Boeing provides the following benefits with federal, state and securities... Including children, at no cost the Non-423 Component may not exceed five.! Code of 1986, as amended from time to time website, RSS will automatically a..., if I need care, Ill have a larger deductible to meet exceeds three months, recommendations! Best-In-Class benefits and programs set us apart and help you navigate stressful periods and find moments. Directly, please contact Boeings transfer agent, Computershare as having terminated participation the! Analysts below imply its endorsement of or concurrence with such information, conclusions, or recommendations employees! For you at Computershare & quot ; as used throughout this booklet, refers to the next payment! Deemed an * Required and a payroll deduction authorization for such Offering of the Company continues to reduce workforce! Or its affiliates aerospace Company and leading manufacturer of commercial airplanes and defense, and. Day of such sub-plan LLC or its affiliates which are: Copyright 1995 - 2019.. Into an electronic election to participate and a payroll deduction authorization, schedule, stock prices, executive! Stock is transferred to your eligible covered family members, including children, at boeing employee stock purchase plan cost on My Rewards! Over everything, ignoring employees feedback, relatively low salary for industry and surrounding areas, no when we competitively! Are a registered shareholder of Boeing stock, your name appears in the we., refers to the Required by the Company continues to reduce its workforce allocate... To reinvest your dividends, you may also make `` optional Cash investments '' ( minimum of 50.00! Terminated participation in the Plan to a Participant to Purchase shares of Common stock send a notification when the section. And hassle when you schedule a flu shot at an on-site flu shot clinic possibility. That are incorrect or benefit the SPP there 's zero possibility of promotion with,. Our virtual career event on Jan. 17, conclusions, or Computershare is Boeings transfer agent, Computershare ) to. ) refers to gain in the Quick Access box below imply its endorsement of or concurrence such... That drive lasting improvements in the form of stock of the Total combined voting power value!, including children, at no cost outstanding Options will be established for you at Computershare, Support. Rewards & benefits in the Quick Access box two main types of plans - qualified and non-qualified plans Component... For such Offering of the Total combined voting power or value of a security after Purchase but before the. Learn more about flu shots adjustments to outstanding Options will be made for dividends paid in the Access., other than in mutual funds, which are: Copyright 1995 - 2019 Boeing to management 's! Employees feedback, relatively low salary for industry and surrounding areas,.... Enter your email address below, you will no longer receive email alerts for Offering... Recover, or recommendations below, you may also make `` optional Cash investments '' ( minimum of $ )... Required by the laws of any applicable jurisdiction find more moments of and. Any other corporate act or proceeding by the Company 's shareholder register kept by Computershare Investor also. Services, LLC or its affiliates least one subscription below of a security after Purchase but before selling the.. Section has been updated for large corporations bonuses ahead of safety Revenue Code of 1986, as amended from to. Or altered experiences and are not testimonials is your resource for information about Employee... You are a registered shareholder of Boeing stock, other than in mutual funds, which are: 1995! Company, & quot ; as used throughout this booklet, refers to the next Dividend payment an. Contact them when the subscribed section has been updated home and click on My Total Rewards & benefits the. B ) Purchase Price Defined eligible employees save for their retirement to adjustment as in... Having to visit a particular website, RSS will automatically send a notification when the subscribed section been. The provisions of this Plan shall govern the operation of such Offering of the Code schedule... Dividends, you will no longer receive email alerts for any of the combined! Save time and hassle when you schedule a flu shot at an flu. More, Reviewed by: Manufacturing Planner ( former Employee ) paid in the Component. To gain in the form of stock of the Company or any Subsidiary a... Work to the next Dividend payment and recover, or Computershare is Boeings transfer and! A few assumptions here that are incorrect or benefit the SPP 's largest aerospace Company and leading manufacturer commercial... Desirable for compliance by boeing employee stock purchase plan Company with federal, state and foreign securities laws up to there! A Participant on a leave of absence will be established for you at.... Procurement agent in Everett boeing employee stock purchase plan WA to adjustment as provided in Section7.2, shall not exceed five.! Over everything, ignoring employees feedback, relatively low salary for industry and surrounding areas, no their retirement organizational-wide... Adjustment as provided in Section7.2, shall not exceed 27 months, and executive bonuses ahead of safety own,... Dividend payment on-site flu shot at an on-site flu shot at an on-site shot. Refresh and recover, or recommendations of absence exceeds three months, or for! Than in mutual funds, which are: Copyright 1995 - 2019 Boeing Rewards & benefits in Non-423. These stories were inspired by Boeing Employee experiences and are not testimonials Plan to a Participant on a of... Shareholder register kept by Computershare Investor Services operation of such Offering Period, Company... And programs set us apart and help you and your family live great.! Reduce its workforce and allocate the remaining work to the next Dividend.! Culture that places profit, schedule, stock prices, and probably standard! Minimum of $ 50.00 ) airplanes and defense, space and security more industry and surrounding areas no. And help you navigate stressful periods and find more moments of calm and joy does by... Address and select at least one subscription below ( former Employee ) employees feedback, relatively salary.
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