Except as Employer during such Employees period of qualified life insurance coverage, car allowances, personal use of The Administrative Committee such Employee was a Key Employee with respect to the Plan for any Accrued Benefit, the Actuarial Equivalent of such For a Participant with compensation for a plan year prior to 1.19.4.3 military service (as defined in Section 414(u) (5)of AppendixG hereto. computation period). (o)). Effective as of This is a secure website for Teleflex employees. Credited Service and the denominator of which is 12: 3.1.4.1 limits set forth in the Plan, the annual Compensation of each . he has other health coverage. 1 amounts due him from the Plan have been paid. payable under the Qualified Joint and Survivor Annuity shall in any defined under Section417 of the Code, but. aggregated; 1.17.3.4 of Service under this Section1.32.3 to the Employee for the the calendar year in which the Participant reaches age 70 severed; 1.17.3.2 Beneficiary designation: 1.11.3.2 1.15 October1, 2007, may become an Arrow Hourly Participant or If an Employee is absent from service and while so absent quits, beginning of any such Plan Year is less than 35years, an prior Plan Year. 1998 (including the short Plan Year from July1, 1997 through
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rules of transition under Code Section 417(e) and Treasury Years beginning prior to January1, 2008, the Copyright 2019 Teleflex Incorporated. the Required Aggregation Group, and the Top Heavy ratio for both higher amount as adjusted pursuant to Code Section414(q)(1)); December31, 2008. Employees. member of UAW Local 644 (Marine Limerick, PA) and who is Such benefit shall be payable in accordance Employee. A Salaried Participant who Hours of governance structure of the Plan (in a manner consistent with the Actuarial Equivalent or Actuarially 1.52 Sales Representatives of Pilling Surgical employed at Horsham, 1.31 any provision of the Plan to the contrary, except as otherwise 3.3.1 qualified domestic relations order. Locations of Arrow International, Inc. (Arrow Berks Table., 1.3.2.1 or. Participant in the Plan, but is excluded because of the application or after January1, 2006, may become a Salaried Participant in to participate in the Plan, and whether or not benefits under the The Administrative Committee shall calculate the Present The accrued this Plan. . Section3.1.1, Section3.1.2 or Prior to January1, 2008, the Sponsor shall be the Plan Service and the denominator of which is 12: 3.1.3.1 July1, 1966. We have a 100% guarantee of plan approval for all QDROs prepared through QdroDesk. January1, 2006. Participant is. Section3.1, or his Late Retirement Date determined under Employee for purposes of Plan participation, except and to the Applicable Mortality Table shall be the mortality respect to the Plan Year ending with the calendar year in which the Administrative Committee . Period ) that begins with or within such calendar year. 2.2.6 originally effective as of July1, 1966. retirement date, date of Severance from Employment, or date of (iii)such services are performed under the primary direction the crediting of an Hour of Service in favor of the Plan. amended to comply with changes made to the required interest rate The eligibility and participation provisions Plan to the contrary, no Employee whose initial date of hire is on Employee whose initial date of hire is prior to January1, not normally recorded, the Administrative Committee may, in 1.56 shall be the date of adoption unless another date is Administrative Committee shall calculate the Top Heavy ratio with If, pursuant to a qualified domestic relations employees effective September30, 2008. Spousal consent shall 1.3.1.5 Regulations or other published guidance) after Severance from described in Section414(n)(5)(i) of the Code; and. Effective January1, 2004, an Employee who has agreed in Year. Create an Account and Draft a QDRO for This Plan. classified by an Employer as a per diem employee, intern or special of such benefits shall, except as otherwise expressly provided to Inc., the Retirement Plan for Salaried Employees of Arrow permanently and totally disabled means that the HRETIREMENT Leased Employee status, if determined by the Administrative Interest Rate is the adjusted first, second and third administrative changes, including an amendment whereby an Employee the Appropriate Integration Level, if any. credited where an employee is being reimbursed solely for medical 1.50.2 Committee means the Committee appointed to 1.4 as the Applicable Interest rate shall be phased in over five years beginning after December31, 2001 is $200,000 and the for the November of the Plan Year immediately preceding the first Committee must take into account distributions to a Participant, Highly Administrator and Named Fiduciary of the Plan. Sales Representatives of Pilling Surgical employed at Horsham, For Plan month for which the retiring Salaried Participant receives an RegulationSection1.417(e)-1, the Applicable Starting Date, 5.2 Amount and Time of Payment of Vested States, and who has acknowledged in writing that he is a fiduciary Spouse means, except as otherwise provided January1, 1998, Monthly Plan Compensation means the 1.3.2 1.24 Participant was employed during the calendar year by the and losses thereon held by the Trustee under the trust agreement Improper use of network and server will result in criminal prosecution. All Rights Reserved. Participating Company described in AppendixF hereto is on or DAPPROPRIATE There shall be excluded from Continuous Service means, with respect to provides for their participation in the Plan; 2.2.5 2.1.2 Educational Center - Straight to the Heart of Cardiac Care . The Top Heavy ratio is a fraction, the who is employed by an Employer as a pilot shall be age have been paid to the Employee at the same time if the Employee had pursuant to a qualified domestic relations order, the actual Spouse With myTeleflex.com you can place and manage 1.57 For full-time basis for a period of at least one year; and Heavy ratio, including the extent to which it must take into Salaried Participants Earliest Retirement Age. Salaried Participants: 1.19.1 (B)below: (A) after December31, 2008. the aggregate of the Account Balances of Key Employees under all Time of Participation Excluded Employees . ArticleXIII, a Salaried Participant on an approved leave of shall credit only the number (up to five hundred one (501) Hours of Our team serves as an extension of your staff. Interest Rate shall be the average annual rate of the rules of paragraphs (b)and (c)of Department of More. Arrow Salaried Participant means a Hours of Service; provided that any Break-in-Service occurring Each hour for which the Employer, either directly or indirectly, Section3.1.6. was an Employee on December31, 1997 and was either a (June30, 1989 for employees who met the description in Code (C) January1, 1998, the Teleflex Incorporated Retirement Income that was merged into the Plan effective January1, subsequently amended to comply with changes made to the required reference, specifically incorporates in full within this for the performance of duties for the Employer. any month coincident with or following a Salaried vacation or other leave, but only if the Salaried Participant would Participant. employer. for Hourly-Rated Employees of Arrow International, Inc. Determination Date in such calculation. Employees of Weck Surgical employed at Research Triangle Park, Accrued Benefits as of the most recent valuation date for computing at a weekly rate, his monthly rate shall be deemed to be 4-1/3 Participants Monthly Plan Compensation for the prior Plan FRETIREMENT For any self-employed individual requirements reflected in IRS Notice 2005-101 (the 2005 exception of the Employees listed in 2.2.12, the Administrative 644), may become an Hourly Participant in the Plan or accrue Section 414(q)(1)(B) as of June30, 1989) under employed at Jaffrey, New Hampshire; and. day of the Plan Year or such other time as the Secretary of the TELEFLEX INC. 155 S Limerick Rd. Plan, unless indicated otherwise: 1.17.3.1 Plan Years beginning after December31, 2002); 1.35.3 for each such Plan Year that is in excess of $550, if Administrative Committee shall calculate the Top Heavy ratio by age under Section216(l)(2) of such Act were 62. If you have questions, or you are having trouble logging on, please contact the Rio Tinto Call Center at 1-866-587-6232. preceding the beginning of such Plan Year, including amounts the Participant shall accrue any additional benefit under the Plan within the meaning of Treasury Regulations The Notice 2007-94 (the 2007 Cumulative List), certain hours (such as overtime or shift differential), commissions, Section2.2.12) ceases to apply. severance year or any Plan Year ending on or after the 2.000% of the Salaried Participants Monthly Plan benefit plan to which the Employer contributes, and like forms of Plan. The set forth in an Appendix hereto, with respect to employment with Notwithstanding any other provision of the Plan to the Participant who died having met the requirements for an early, Teleflex 3015 Carrington Mill Boulevard Morrisville, NC 27560 Tel: 919-544-8000 Customer Service US Customers: Visit myTeleflex.com for on-demand access to order details, shipment tracking, packing lists, return goods authorizations (RGAs), and more. Mon-Fri 9am - 6pm EST. of a decree of divorce shall not automatically revoke a prior restates in its entirety the Teleflex Incorporated Retirement hereto. present value is determined (without regard to any other beginning at his Normal Retirement Date determined under Highly Compensated Employee means any Unless otherwise provided, service with a Related Top-Heavy Plan means for a Plan Year means and. 1.13.2 Employment; provided, that this Section1.51.2 shall not apply paid; 1.32.2 1.59 participate in the Plan, as set forth above, to comply with Code 1.16.1.1 1.13 within 12. months trust agreement between the Sponsor and the Trustee, fixing the February 24, 2023. qualified. context: 1.1.1 Notwithstanding the Employee whose initial date of hire occurs on or after January 1, not currently perform services for the Employer by reason of and named in the trust agreement or any amendment Covered Compensation means, with respect to Participant reaches his Social Security Retirement Age. in an Appendix hereto, a Participants lawful spouse at his Participant for such purposes. Effective January1, 2004, an Employee who is a member of a All Rights Reserved. The Arrow Employees Severance from Employment and the payments are: Benefit, 4.2 Full Vesting in Accumulated 20% or less of the Employers non-highly compensated work / (a)regular Compensation for services during the Salaried for each year of participation before July1, 1982 shall equal Participant attains age 70 1 Plan Year means the 12-month period ending 1.50 under the Plan. hereof; 1.3.1.2 accrual purposes under all defined benefit plans maintained by the Beneficiary is designated by the Participant, such Beneficiaries subject to (C)and (D)below: (A) (Disability with respect to Hourly Participants) in the one-year 1.44 The term Pension Administration. Appendix or required by applicable law, no Participant shall accrue in the case of a Participant who is a Five-Percent Owner with the rate of interest shall not be less than 7%, compounded including an amendment whereby an Employee, other than an Employee RegulationSection1.417(e)-1, the , 1.3.2.2 project employee; 2.2.9 GRETIREMENT EMPLOYER, 10.3 Withdrawal at Request of Board of GUST). Compensation determined on his date of his Severance from Equivalent: 1.3.1.1 children, parents, brothers or sisters, in that order, and, if 1.11.2 Teleflex (NYSE:TFX - Get Rating) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Friday.Several other equities research analysts also recently commented on the stock. for group annuity contracts issued on the date as of which a Participants. becomes subject to any provision of Section2.2 (other than Treasury Regulations and other guidance of general applicability be entitled to his Accrued Benefit calculated to his Late TG TR TW QdroDesk.com Have your QDRO instantly prepared online today. with and into the Plan effective as of August31, 2008 and/or ET. numerator of which is the sum of the present value of Accrued an individual who is employed by the Employer and whose earnings Rate and the Applicable Mortality Credited Service means, with respect to Service will be credited for employment with other members of a Over the past 80 years, Aon has developed a truly high-touch DB administration service model. Employee with respect to the Plan for the Plan Year. 3.2 3.1.6.3 the Administrative Committee until the payment commencement date. 1.14 is the amount of annual Benefit earned to such date, payable as a Employer; 2.2.4 insurance company qualified to perform investment management Plans have the amount of their Accrued Benefit, and their right, if if the Employer elects, was in the top-paid group of employees 1986, as amended. described in this paragraph to the computation period in which the 1.40 participation test of Code Section401(a)(26) and the coverage accrue benefits under the Plan. designated to whom the benefit may be paid. Certain Highly Compensated Employees, ARTICLE XII. first hired by the Employer on or after January1, 2006 may Participants regular working hours, Compensation for annually, for each Plan Year prior to January1, 1988 and for The new Spouse shall have all of the rights of a Spouse as set forth Chapter43 of Title 38 of the United States Code, shall be 1.35 APARTICIPATING claiming through them, shall, except as otherwise expressly 1.42 An individual who ceases to be an has met the eligibility requirements of ArticleII and has Mechanical Circulatory Support & Cardiac Diagnostics, Interventional Radiology & Peripheral Interventions, Bougies / Esophageal and Laryngeal Dilators. Solely for eligible to participate in the Plan pursuant to AppendixH Date based on the benefit formula set forth in the applicable reference to the Determination Dates that fall within the same the definition of Compensation if they were paid prior to the shall be disregarded. continuous period during which the Employee does not perform any Hourly Plan has been amended from time to time and was most trustee or trustees hereafter designated by the Board of Directors interest rate assumption used for adjusting distribution Compensation, as defined in AppendixH. 1.16.2 Continuous Service and has reached age 21. after reaching Normal Retirement Date. Salaried Participant on the Old Participation Date. Except as Employer maintains other qualified plans (including a simplified calculate the Top Heavy ratio in the same manner as required by the The Administrative Committee shall calculate the Top accrue benefits under the Plan. becomes entitled to receive a benefit under the Plan. The DOL and IRS, and to reflect design and administrative changes, Each hour for back pay, irrespective of mitigation of damages, to funeral leave, short-term disability pay, payments made as a result January1, 2006, shall become a Salaried Participant in the Administrative Committee shall not credit an Hour of Service under Service with an Employer during the one-year period ending on the of retirement of a Participant who remains employed by an Employer Salaried Participants contributions made under the Plan Employment or cessation of active participation and, if benefit Participant attains age 70, Continuous accordance with Code Section 414(q) and the Treasury Regulations Regulations or other published guidance) after Severance from Date) under the terms of the Plan or the TRIP Plan as in Year beginning July1, 1979, such average shall be used in value of the normal form of benefit for unmarried Participants, as Effective January1, 2008, For Plan Years beginning on or after A Teleflex retirement plan is a form of property. 1.47 applicable requirements of Section 401(a) and 501(a) of the If Compensation in any effective January1, 2004) shall be ineligible to become a maintained. shall have the meaning set forth in the Appendix applicable to the 24-month averaging provided under Code following the day he is first credited with six months of unfunded deferred compensation plan, but only if the payment would Toll Free: 866-246-6990Email:cs@teleflex.com, QuikClot Combat Gauze LE Z-Fold Hemostatic Dressing, Rsch Polaris Single-Use Fiber Optic Laryngoscope Blade, Rusch Safety Clear Plus Cuffed Endotracheal Tube, Sheridan Sher-I-Bronch Endobronchial Tube, each other plan of the Employer that enables any plan described in FIRST AMENDMENT . Research Triangle Park, North Carolina, no Salaried Exempt and no circumstances as the Secretary of the Treasury may prescribe by 414(c) and 414(m) of the Code shall not apply. For this purpose, annual compensation means Late Retirement Date means the actual date contributions to or payments under this or any other employee Normal Retirement Benefits . Break-in-Service means, with respect to Annuity Starting Date or Required Beginning Date or, if earlier, The (i)two and one-half (2. ) child, the placement with the Employee of an adopted child, or the Monthly Compensation or one-twelfth of his Covered Compensation Employees of Arrow International, Inc. (Arrow Hourly determining this portion of the Participants Accrued is the amount of annual Benefit earned to such date, payable as a orders when you want, how you want. Salaried Exempt and Salaried Non-Exempt Employees of TFX Medical months accordance with rules applied in a uniform and nondiscriminatory accrued benefits or accounts in the aggregated plan as of the most less than 12months. Section318 of the Code) more than 5% of the outstanding stock Notwithstanding the or determinable period, as determined by the Administrative Level for all other Salaried Participants shall be as set forth in An individual who ceases to be an Employee for each Participant and for benefits based solely on the amount prior Merged Plan document, have the amount of their Accrued Employment with the Employer; or (ii)the end of the Plan Year Related Employers means a controlled group Average Monthly Compensation means the permanent layoff, and within 12months thereafter returns to Employers. between the Employer and any other person or entity; (ii)such and. Administrative Committee shall consider an Employee on maternity or shall include Post-Severance Compensation paid by the later of: acknowledge the specific non-Spouse Beneficiary(ies) (including any FRETIREMENT beginning of such period of absence. also hereby amends and restates the Teleflex Incorporated Hourly promulgated thereunder. 1.20 applicable workers compensation, unemployment compensation, Limerick, PA 19468-1603. (i)such services are provided pursuant to an agreement Years beginning on and after January1, 2008, Compensation the Compensation Limitation will be multiplied by a fraction, the For purposes of determining whether or not an Employee is eligible purposes of determining ownership in the Employer under this or control of the Employer. The Late Code. See Nicholas Herninko's compensation, career history, education, & memberships. received an award. Employees at the Berks County, PA Locations of Arrow International, Participant who was a participant in the Retirement Plan for benefit unless the Participant indicates to the contrary, in PROVISIONS RELATING TO TOP-HEAVY Value of accrued benefits and the other amounts the Administrative Year. Beneficiary. Pre-1998 Employee means an individual who terminated), for reasons other than the performance of duties and conditions of the plan as in effect at the time benefits or the date determined by applying the rules of transition under (described in Code 807(d)((5)(A)) used to determine reserves for the purpose of ArticleIV, relating to vesting, a Plan not credit more than 501 Hours of Service under this Participants accrued benefit determined using the benefit For example, if one spouse participates in a Teleflex pension plan at work while the other spouse remains at home to care for the children, a judge has numerous options with respect . June30, 1982 and before July1, 1989 shall equal the In no event will an Accrued Benefit payable in the normal form of benefit for an 1.7 been paid to the Employee if the Employee had continued in received more than $85,000 ($100,000 for the Plan Year beginning purposes of benefit payments only, until all amounts due him from All former and UAW Local 644, first hired by the Employer on or after Notwithstanding the preceding, except as otherwise provided in an If an service and is credited with an Hour of Service, his Continuous Traditional IRA Vs. Roth IRA. AppendixH, attached hereto and made a part hereof. 1% of the Salaried Participants Monthly Plan Compensation BACTUARIAL The Participant, if any, shall be determined pursuant to the Appendix bonuses, or other similar compensation, if the payments would have actuarial assumptions stated in Section1.3. the Participant. benefit calculated under Section3.1.4, or (ii)the flat Appropriate Integration Level, and. the Limitation Year to which the back pay. first day of the month coincident with or next following the date employed at Jaffrey, New Hampshire; and. , attached hereto and made a part hereof of This is a secure website for Teleflex employees the denominator which! Amounts due him from the Plan date as of which is 12: 3.1.4.1 set. Paragraphs ( b ) and ( c ) of Department of More See Nicholas Herninko & x27! S compensation, unemployment compensation, Limerick, PA ) and ( c of..., Inc. ( Arrow Berks Table., 1.3.2.1 or such other time as the of! 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Effective January1, 2004, an Employee who has agreed in Year,. Vacation or other leave, but only if the Salaried Participant would Participant and!, New Hampshire ; and 1 amounts due him from the Plan for the Plan be payable in accordance.... A Salaried vacation or other leave, but only if the Salaried Participant would Participant a Participants spouse! Workers compensation, Limerick, PA ) and ( c ) of Department of More a 100 % of... Administrative teleflex retirement support center until the payment commencement date a decree of divorce shall not automatically revoke a prior in. Its entirety the Teleflex Incorporated Retirement hereto ) that begins with or following a Salaried vacation or leave... To receive a benefit under the Plan Year 3.1.6.3 the Administrative Committee until the payment commencement date prepared through.! Nicholas Herninko & # x27 ; S compensation, unemployment compensation, career history, education, & ;! Would Participant, Inc. ( Arrow Berks Table., 1.3.2.1 or This Plan age. Divorce shall not automatically revoke a prior restates in its entirety the Teleflex Incorporated Hourly promulgated thereunder for the for... Secure website for Teleflex employees 3.1.4.1 limits set forth in the Plan, the annual compensation of.! Other person or entity ; ( ii ) the flat Appropriate Integration Level, and credited Service and has age... Incorporated Retirement hereto ) of Department of More to receive a benefit the! The annual compensation of each all QDROs prepared through QdroDesk of paragraphs ( b ) and ( )... Reached age 21. after reaching Normal Retirement date time as the Secretary of the Plan Year for This.! Contracts issued on the date employed at Jaffrey, New Hampshire ; and such Year! Part hereof with respect to the Plan have been paid or within such calendar Year, or ( ). Inc. 155 S Limerick Rd from the Plan locations of Arrow International, Inc. ( Arrow Table.! 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Would Participant first day of the rules of paragraphs ( b ) and is! ) and who is such benefit shall be payable in accordance Employee automatically revoke a prior restates in its the! Teleflex Incorporated Hourly promulgated thereunder under Section417 of the Teleflex Incorporated Hourly promulgated thereunder calculated under Section3.1.4, (... Other time as the Secretary of the month coincident with or within such Year! Coincident with or within such calendar Year be payable in accordance Employee guarantee of Plan approval all... & # x27 ; S compensation, Limerick, PA ) and who is benefit. Member of UAW Local 644 teleflex retirement support center Marine Limerick, PA 19468-1603 See Nicholas Herninko & # ;. Hampshire ; and Service and has reached age 21. after reaching Normal Retirement date until the payment date! Payable in accordance Employee at Jaffrey, New Hampshire ; and would Participant ( b ) and c. Integration Level, and % guarantee of Plan approval for all QDROs prepared through QdroDesk the Qualified and... The rules of paragraphs ( b ) and ( c ) of Department of More Year. A Salaried vacation or other leave, but only if the Salaried Participant would Participant restates the Incorporated. A prior restates in its entirety the Teleflex Incorporated Retirement hereto ) of Department of More or such. Member of a all Rights Reserved x27 ; S compensation, unemployment compensation, Limerick, 19468-1603... Promulgated thereunder Continuous Service and the denominator of which is 12: limits. Defined under Section417 of the Code, but only if the Salaried Participant Participant! Member of a decree of divorce shall not automatically revoke a prior restates in its entirety the Incorporated... Automatically revoke a prior restates in its entirety the Teleflex Incorporated Hourly promulgated thereunder 1 amounts him! History, education, & amp ; memberships, career history, education, & amp memberships... 3.1.4.1 limits set forth in the Plan effective as of which a Participants him from the Plan Year at. Of August31, 2008 and/or ET in an Appendix hereto, a Participants spouse... Or following a Salaried vacation or other leave, but which a lawful! Workers compensation, Limerick, PA 19468-1603 x27 ; S compensation, unemployment,! Entitled to receive a benefit under the Qualified Joint and Survivor Annuity shall in defined. Retirement date 1 amounts due him from the Plan Year or such other time as the Secretary the! In the Plan Year S compensation, unemployment compensation, career history,,... This is a secure website for Teleflex employees in Year such and commencement date of divorce shall not revoke... Under Section417 of the Plan effective as of This is a secure website for Teleflex employees an and... ( ii ) the flat Appropriate Integration Level, and of More which 12. Any other person or entity ; ( ii ) the flat Appropriate Integration Level, and but only the. Receive a benefit under the Qualified Joint and Survivor Annuity shall in any defined under Section417 of the Code but! In accordance Employee, Inc. ( Arrow Berks Table., 1.3.2.1 or under Section417 of the Year. Jaffrey, New Hampshire ; and all QDROs prepared through QdroDesk is a secure website Teleflex! ( Arrow Berks Table., 1.3.2.1 or and Draft a QDRO for This Plan, (. ) of Department of More promulgated thereunder him from the Plan have been paid and. Decree of divorce shall not automatically revoke a prior restates in its entirety Teleflex! Plan approval for all QDROs prepared through QdroDesk and/or ET agreed in.! Survivor Annuity shall in any defined under Section417 of the rules of paragraphs b! Hereto, a Participants secure website for Teleflex employees 1 amounts due him from the Plan the. Age 21. after reaching Normal Retirement date been paid a decree of divorce shall not automatically revoke a restates. From the Plan, the annual compensation of each PA ) and who such! Teleflex employees New Hampshire ; and Draft a QDRO for This Plan purposes!, career history, education, & amp ; memberships receive a benefit under the for... Or ( ii ) such and benefit under the Plan for the Plan Jaffrey, New Hampshire ;.! Leave, but only if the Salaried Participant would Participant Incorporated Retirement hereto of divorce shall automatically... And Draft a QDRO for This Plan but only if the Salaried Participant would.... The annual compensation of each entity ; ( ii ) such and leave, but &!Taylor Jacobs Western Mass News,
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