unfunded deferred compensation plan, but only if the payment would
life insurance coverage, car allowances, personal use of
as the Applicable Interest rate shall be phased in over five years
hours for which the Employer makes payment or for which payment is
of Service will also be credited for any individual considered an
been paid to the Employee if the Employee had continued in
1.36
1.12
Turning now to select balance sheet and cash flow highlights. Cookie Preferences Do Not Sell My Data (US ONLY) Legal If the
Section401(c)(2). services to an Employer as an independent contractor. Plan was merged with and into the Plan and the name of the Plan was
Revenue Service. Pursuant to Section 9.2 of the Teleflex Incorporated Retirement Income Plan, as amended and restated effective as of January 1, 2002 (the "Plan"), and as authorized by Resolutions of the Teleflex Incorporated Financial Benefit Plans Committee, the Plan is amended, effective as of March 22, 2011, as . This database if for informational and research purposes. subparagraph of Code 807(d)(5)) as specified by the Internal
2.000% of the Salaried Participants Monthly Plan
3.2
Service and the denominator of which is 12: 3.1.3.1
determining a Salaried Participants Covered Compensation for
other Participants that may be allocated to such
for the exclusive benefit of Participants, their surviving Spouses,
As used in this Section1.7,
shall credit only the number (up to five hundred one (501) Hours of
for periods beginning on or after July1, 1982, the period of
Create an Account and Draft a QDRO for This Plan. 1.40
deceased Beneficiary shall not share in any death benefit and those
also hereby amends and restates the Teleflex Incorporated Hourly
Except as
payments commenced to any such individual prior to January1,
Compensation means Average
before July1, 1982, or repaid pursuant to Section3.7,
specified. INTEGRATION LEVEL FOR PARTICIPANTS OTHER THAN PRE-1998. Top-Heavy-Group means an Aggregation Group
Effective January1, 2004, an Employee who has agreed in
Accrued Benefit, the Actuarial Equivalent of such
known as 83 GAM table). Teleflex Incorporated | Global Knowledge Network Log In Forgot your password? Trustee means the trustee or any successor
of such Participant shall not be treated as the Spouse of such
shall not include periods of Continuous Service credited under
to service and is credited with an Hour of Service, his Continuous
Election Procedures, 6.8 Continued Employment After Normal Retirement
1.26
Period and the denominator of which is 12. It is
Rate and the Applicable Mortality
Highly
with respect to a Participant other than a Salaried Participant
and named in the trust agreement or any amendment
those set forth in AppendixE, F, G, or H, as applicable, for
1
be applied by substituting 5% for 50%
been paid. more than $150,000. A Beneficiarys right to information or data
Section1.32.2 to an Employee on account of any single
services outside the Salaried Participants regular working
accrual purposes under all defined benefit plans maintained by the
Year, and was a highly compensated active Employee for either the
1.60
Arrow Salaried Participant means a
for benefit accrual purposes for any period of employment after
For Plan
the aggregate of the Account Balances of Key Employees under all
vested interest in his Accrued Benefit under Section4.1, the
1.28
Spouse as Beneficiary, provided that such Spouse consents in
For
December31, 1997) shall equal the amount determined under
Committee must take into account distributions to a Participant,
(i)two and one-half (2 1
Employment or cessation of active participation and, if benefit
agreement or payment is made. Regulations or other published guidance) after Severance from
interest on 30-year Treasury securities as specified by the
An individual
December31, 2008. consistent with the Sponsors acquisition of Arrow on
HRETIREMENT
any additional benefit under the Plan after December31,
APPENDIX
Terminated Participants Death Benefit, 5.3 Death of Participant On or After Retirement
3.1.1
APPENDIX
the Plan (Merged Plan) whose employment or active
applicable law, no additional benefits shall be accrued under the
following individuals shall receive no additional Credited Service
Any increase in the Compensation Limit shall not apply to former
the Top Heavy ratio, the Administrative Committee shall use the
Leased Employee status, if determined by the Administrative
applicable workers compensation, unemployment compensation,
FRETIREMENT
as specified in AppendixA; 2.2.10
the amounts the individual would have received if the individual
Years beginning on and after January1, 2002, amounts
each other plan of the Employer that enables any plan described in
Toll Free Customer Support: CLICK HERE TO CALL US 833-970-7999. Employees Severance from Employment and the payments are:
Employees Severance from Employment and the payments are:
multiplied by a fraction, the numerator of which is the number of
Salaried Participants contributions made under the Plan
when required by context under Section1.32 for purposes of
Required Aggregation Group means: 1.50.1
none, the Hourly Participants estate. The
. Section410(a)(1). In the case of a Salaried Participant whose Credited Service at the
Participants Continuous Service for all purposes under the
Salaried Participants . equal his Accrued Benefit, based on the Salaried
determined under the method, if any, that uniformly applies for
The Plan benefit to which an Arrow Salaried
Service will be credited for employment with other members of a
Effective January1, 2008,
organization who is appointed to direct the investment of all or
for each such Plan Year that is in excess of $550, if
The Administrative Committee shall credit all Hours of Service
1.20
of which is a similar sum determined for all Employees. relations order, as defined in Code Section414(p), should die
20% or less of the Employers non-highly compensated work
Solely for
2006, and who otherwise would be eligible to be a Salaried
crediting Hours of Service, a former Employee. The accrued benefit of an Arrow Hourly Participant as of any date
Act of 2004, to revise the governance structure of the Plan (in a
date. times his weekly rate. hours (such as overtime or shift differential), commissions,
Employee for purposes of Plan participation, except and to the
Participant may designate a person, persons or trust other than his
for any other purpose as required by the Code or by the Plan. 3.1.6.2
BENEFITS, 3.7 Restoration of Accrued Pension
Normal Retirement Date means, except as
has met the eligibility requirements of ArticleII and has
to a Salaried Participant for services rendered to a Participating
under Section3.1.4.2 below, whichever is applicable,
PLAN FOR SALARIED EMPLOYEES OF ARROW INTERNATIONAL,
Trust means the legal entity created by the
amount under Code Section125 only if the Employer does not
Section318 of the Code) more than 5% of the outstanding stock
any court or governmental agency. in the Pension Funding Equity Act of 2004, and to revise the
Committee is measuring an Employees Hours of Service. The amount
any month coincident with or following a Salaried
TRIP Plan and who retires on or after his Normal Retirement Date
in effect
Determination Date in such calculation. If more than one
benefits were the subject of good faith collective bargaining,
or after December31, 2002, such Applicable Mortality
Locations of Arrow International, Inc. (Arrow Berks
1.2
Plan Year, and, (i)
. Employees Pension Plan, the Retirement Plan for Hourly Rated
Simply go to myTeleflex.com to register and
Notwithstanding any
period ending with the calendar year in which the Salaried
who is a member of UAW Local 644 (Marine - Limerick, PA) and who is
Salaried Participant until January1, 1999 under the terms of
Spouse means, except as otherwise provided
There shall be excluded from
Plan Year that includes the Determination Date, is (or
Determination Date. 1986, as amended. as in effect before July1, 1982; and. that was a period of Credited Service under the terms of the Plan
before having reached his Earliest Retirement Age, as
Late Retirement Benefits . normal, late or Total and Permanent Disability retirement benefit
The following rules shall also apply in determining a Salaried
North Carolina; 3.1.7.2
Compensation for any period, not exceeding 12months, over
Ineligible Employees . such plans merger into this Plan, their Spouses,
Participant for such purposes. Participant who died having met the requirements for an early,
is employed by an Employer as a pilot shall be the last day of the
Period ) that begins with or within such calendar year. Sponsor or a Participating Employer are eligible to participate in
purposes of this Section, Compensation means
terminated plan that would have been part of the Required
be as set forth in AppendixC. The Appropriate Integration
effective December31, 2008. trustee or trustees hereafter designated by the Board of Directors
Teleflex is a global provider of medical technologies designed to improve the health and quality of people's lives. Interest Rate is the adjusted first, second and third
that includes the date of the Employees Severance from
Employer; 2.2.4
shall be the date of adoption unless another date is
The Administrative Committee shall credit Hours
Please contact the employer to understand the benefits connected to a relevant job. each plan of the Employer in which a Key Employee participated
amounts due him from the Plan have been paid. of the Employer, or stock possessing more than 5% of the total
of such benefits shall, except as otherwise expressly provided to
1.05% of the lesser of the Salaried Participants Average
have been able to use the leave if employment had continued; or
A subsequent Spouse of a Participant shall not be
be treated as a Leased Employee (as defined in Section2.2.5);
coverage because the Salaried Participant is unable to certify that
under this Section1.48 shall not exceed the amount that would
purposes of benefit payments only, until all amounts due him from
2.2
, For Plan
Time of Participation Excluded Employees . determination year and in accordance with applicable Treasury
in which, as of the Determination Date, the sum of: 1.58.1
the Social Security Act for each calendar year in the 35-year
holidays, vacations, personal days, jury duty, sick leave and
July1, 1979, and, (i)
January1, 1998, a Salaried Participants monthly rate
Such a Salaried
S ocial Security Retirement Age means the age
Plan as of the earlier of (i)the first day of January or