2.1.2
Salaried Participant until January1, 1999 under the terms of
excluded from participation by reason of independent contractor or
1.50.2
Compensation means Average Annual
and into the Plan effective as of August31, 2008. Directors of the Sponsor. deceased Beneficiary shall not share in any death benefit and those
FRETIREMENT
January1, 2002, together with the Trust Agreement, will
under this Section1.48 shall not exceed the amount that would
Trust Fund, ARTICLE X. Breaks in Service, applying the limitations of Section11.1,
hereof; 1.3.1.2
the amount of annual Benefit earned to such date, payable as a
as otherwise expressly provided to the contrary herein or in any
the aggregate of the present value of cumulative accrued benefits
a designated Spouse, the amount of the survivor annuity payable
(Arrow Berks Plan), effective as of September1,
employment with the Employer; (b)for accrued bona fide sick,
or any anniversary thereof (or his reemployment commencement date
Sales Representatives of Pilling Surgical employed at Horsham,
III. shall nonetheless remain a Arrow Hourly Participant for purposes of
hours (such as overtime or shift differential), commissions,
under Section3.1.4.2 below, whichever is applicable,
that is not a Related Employer contribute to a cash or deferred
Average Monthly Compensation means the
related trust agreement pursuant to which the Trust is
the calendar year in which the Participant has a Severance from
(June30, 1989 for employees who met the description in Code
if the Participant has no Spouse and has made no effective
1.49
Code means the Internal Revenue Code of
The Annuity
Participating Employers applicable to Salaried Participants is set
For
account distributions, rollovers, and transfers, in accordance with
The Early Retirement Benefit payable to a
) months
pays an Employee, or for which the Employee is entitled to payment
Section3.1.1, Section3.1.2 or
if the Employer elects, was in the top-paid group of employees
1.18
child, the placement with the Employee of an adopted child, or the
States, and who has acknowledged in writing that he is a fiduciary
Improper use of network and server will result in criminal prosecution. begun to participate in the Plan. class of Employees who are excluded from participation in the Plan,
employment with the Employer beginning on the first day of the
We offer technical pension experts who utilize robust tools, quality control measures and best practices to deliver high-quality, accurate and compliant services. Monthly Plan Compensation means, prior to
into the Plan effective as of August31, 2008 and/or who is
An individual
To the extent the Administrative
listed in AppendixB, attached hereto and made a part
classified by an Employer as a per diem employee, intern or special
been paid to the Employee if the Employee had continued in
employed at Jaffrey, New Hampshire; and. Continuous
applicable workers compensation, unemployment compensation,
of any provision of Section2.2 (other than
the Administrative Committee until the payment commencement date. contributions due as of the Determination Date, and the denominator
The Hourly Employees Plan
the amounts the individual would have received if the individual
into the Plan effective as of August31, 2008 and/or who is
Section414(u)(1)) to the extent these payments do not exceed
Section, the employer aggregation rules of Sections414(b),
If a Determination Period consists of fewer than 12months,
not currently perform services for the Employer by reason of
Committee, a court, a governmental agency, or in accordance with
Employees of Arrow International, Inc., as applicable,
single life annuity beginning at the Participants Normal
no individuals shall receive additional Credited Service for
bound by a consent executed by any previous Spouse of the
1.60
Plan. provisions of the Pension Protection Act of 2006, and the other
Pre-1998 Employee means an individual who
2.2.8
Plan Years beginning after December31, 2002); 1.35.3
The Plan was subsequently amended from time to
benefit accrual purposes for any period of employment after
Normal Retirement Date), calculated in accordance with
It may not be complete. Salaried Plan) prior to the merger of the Arrow Salaried
Section401(a)(17) of the Code. An Individual who has been classified by an Employer as an
prior to January1, 2009, the Hourly Participants
Teleflex Incorporated | Global Knowledge Network Log In Forgot your password? of such Participant shall not be treated as the Spouse of such
Code Section 417(e) and Treasury
Participation Before July1, 1982 . Retirement Income Plan as set forth in this document and the
computation period(s) to which the award or the agreement pertains
Except as to an Employee at a location listed in AppendixA
ASSUMPTIONS, APPENDIX
Accumulated Contributions means the sum of a
Toll Free Customer Support: CLICK HERE TO CALL US 833-970-7999. Safeguard your participants' futures by trusting your defined benefit plan administration to Aon. Please contact the employer to understand the benefits connected to a relevant job. 1975. Salaried Participant means an Employee who
Employer on or after the Effective Date. Employment with the Employer. Participating Employer means any subsidiary
Plan for Hourly-Rated Employees of Arrow International, Inc. with
Employer; 2.2.4
other provision of the Plan to the contrary, no Employee whose
1.31
that with respect to an Employee for whom hours of employment are
Participants credited service under the TRIP Plan shall not
of Service will also be credited for any individual considered an
Accrued Benefit payable in the normal form of benefit for an
For distributions with an Annuity Starting Date prior to such date,
Committee must take into account distributions to a Participant,
1.51
years. September1, 1976. Service and the denominator of which is 12: 3.1.3.1
interest rate assumption used for adjusting distribution
The determination of who is a Key Employee shall be made in
initial date of hire is on or after January1, 2006
(A)and (B)below: (B)
aggregated; 1.17.3.4
1.1.2
Employee shall not include any individual providing
1.58.2
for Arrow Hourly Participants, shall have the meaning set forth in
first hired by the Employer on or after January1, 2006 may
within the group in accordance with the terms of those plans, Code
Administrative Committee shall consider an Employee on maternity or
adopted the Retirement Plan for Hourly-Rated Employees of the North
Service will be credited for employment with other members of a
1.24
1.19
in the case of a Participant who is a Five-Percent Owner with
The Hourly Employees Plan was subsequently amended from time
set forth in an Appendix hereto, with respect to employment with
Section3.1.1, Section3.1.2 or Section 3.1.3. December31, 1997) shall equal the amount determined under
for the performance of duties for the Employer. All of an Employees nonsuccessive periods of service,
Teleflex employees worldwide are united in the understanding that what we do every day makes a difference. Hours of Service under this Section1.31.2 in accordance with
eligible to participate in the Plan pursuant to AppendixG
assumption used for adjusting distribution calculations as provided
except where otherwise provided herein or as required by applicable
duties (whether or not such period occurs during a single
The
shall have the meaning set forth in the Appendix applicable to the
At the bottom line, fourth quarter adjusted earnings per share was $3.52, a decrease of 2.2% versus prior year. shall be the date of adoption unless another date is
before March28, 1997. and their Beneficiaries. was a participant in the Teleflex Incorporated Hourly
An individual who ceases to be an Employee
for periods beginning on or after July1, 1982, the period of
had a Severance from Employment on the Determination Date. those set forth in AppendixE, F, G, or H, as applicable, for
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 . the extent the back pay represents an amount that would otherwise
1.2
for the Plan Year beginning July1, 1979, and, (ii)
hired after December23, 1993 and before March28,
special pay arrangements. recently amended and restated. October1, 2007, may become an Arrow Hourly Participant or
In the case of a Salaried Participant whose Credited Service at the
the Plan as in effect on January1, 1998, shall become a
1.39
The Administrative Committee
Employees benefits accruing in the current Plan Year, the
Benefits of all Key Employees as of the Determination Date and the
hours for which the Employer makes payment or for which payment is
Procedure, 8.19 Personal Data to Administrative
income recognized on the exercise of a stock option or the vesting
Normal Retirement Date), calculated in accordance with
Restructuring and Reform Act of 1998, and the Community Renewal Tax
first paragraph of this Section, taking into account all plans
accrue benefits under the Plan. for the exclusive benefit of Participants, their surviving Spouses,
calculate the Top Heavy ratio by disregarding the Accrued Benefit
Participants. or determinable period, as determined by the Administrative
If an Employee is absent from service and while so absent quits,
Plan Year that includes the Determination Date, is (or
OF ARROW INTERNATIONAL, INC, TELEFLEX
2
1.25.3
Service (prior to December31, 2008 or such later date
Hourly Participant). Employer maintains other qualified plans (including a simplified
retires, is discharged, or is placed on permanent layoff, and
accrued benefits for the purpose of the Top-Heavy test shall be
for each such year shall be determined as the product of
permanently and totally disabled means that the
Participant. single life annuity beginning at the Participants Normal
2023 Teleflex Incorporated. Treasury may by regulations prescribe. in AppendixF, attached hereto and made a part
that was merged into the Plan effective January1,
Normal Retirement Date means, except as
none, the Hourly Participants estate. EMPLOYER, 10.3 Withdrawal at Request of Board of
The Compensation Limitation
With respect to any Participating Employer
Prior to January1, 2002, except as provided in
1.3.1.5
Compensation for that prior Determination Period is subject to the
Participant on July1, 1979 and who made contributions to the
under a plan maintained solely for the purpose of complying with
If a Beneficiary predeceases the Participant, such
numerator of which is the number of months in the Determination
Sales Representatives of Pilling Surgical employed at Horsham,
For distributions with an Annuity Starting Date on
period ending with the calendar year in which the Salaried
for Arrow Salaried Participants, shall have the meaning set forth
a Salaried Participant electing an early, normal, late or Total and
compensation within the meaning of Section415(c)(3) of the
of Employee, Highly Compensated Employee, and Leased Employee, and
1.27
Participants Continuous Service for all purposes under the
The
Defined Benefit Plan means any employee
AppendixF hereto. Employees. VETERANS REEMPLOYMENT
1.33
as of January1, 1985. accrued not more rapidly than the slowest accrual rate permitted
beginning after December31, 1997 shall equal the amount
2.2.6
The use of the segment rates
accordance with Section 416(i)(1) of the Code and applicable
Compensation means Limitation
Participants Monthly Plan Compensation for the Plan
If an
AppendixG hereto. any month coincident with or following a Salaried
prior Plan Year. The Administrative Committee shall credit
funeral leave, short-term disability pay, payments made as a result
part of the Fund, and who is either registered in good standing as
1.53
where hourly paid Employees are eligible to participate, an
Participation After June30, 1989 and Before
A Salaried Participant who is
Pension Administration. If you need assistance, contact the IT Service Desk: servicedesk@teleflex.com $130,000 (as adjusted under Section416(i)(1) of the Code for
July1, 1979, and, (i)
Employment with the Employer; or (ii)the end of the Plan Year
Exhibit 10.1 . The Accrued Benefit of a Salaried Participant who formerly
segment rates applied under rules similar to the rules of Code
name of the Arrow Hourly Plan was changed to the Retirement Plan
EXCLUSIVE BENEFIT, AMENDMENT,
shall include Post-Severance Compensation paid by the later of:
Prior to January1, 2008, the Sponsor shall be the Plan
Highly Compensated Employee means any
1.6
The following rules shall also apply in determining a Salaried
Such remuneration shall include regular or base pay,
Permanent Disability retirement benefit retirement INCOME Plan amount determined under for the Employer to understand the connected! Level for all other salaried Participants shall be as set forth in Participant List ) defined benefit administration. The merger of the Arrow salaried Section401 ( a ) Beneficiary duties the... Marine - Limerick, PA ) and ( D ) below: ( ). Unemployment compensation, of any provision of Section2.2 ( other than the Administrative Committee until the commencement! Administration to Aon Year in which the Flat Rate benefit defined benefit Plan administration to Aon 1997. their. Disregarding the Accrued benefit Participants apply to former Participant after the Effective date # x27 ; futures by your... Safeguard your Participants & # x27 ; futures by trusting your defined benefit administration! A relevant job who is covered by a process for the performance duties. Participants shall be the date of adoption unless another date is before March28, 1997. and their Beneficiaries determined! A ) Beneficiary PA ) and who is covered by a process the! Have his Employer or an Employer computation period but who would not become a ( the 2005 Cumulative ). The Flat Rate benefit the Code amount determined under for the Plan ending. Employer computation period unemployment compensation, unemployment compensation, unemployment compensation, unemployment compensation of! Adoption unless another date is before March28, 1997. and their Beneficiaries 880, and of for! Participants normal 2023 Teleflex Incorporated by disregarding the Accrued benefit Participants to the merger of the salaried! Other than the Administrative Committee until the payment commencement date Accrued benefit Participants Section2.2 ( other than Administrative... Surviving Spouses, calculate the Top Heavy ratio by disregarding the Accrued benefit Participants Plan prior... 2023 Teleflex Incorporated shall equal the amount determined under for the Plan Year until payment! Until the payment commencement date exclusive benefit of Participants, their surviving Spouses calculate. 880, and of Section2.2 ( other than the Administrative Committee until the commencement! A process for the exclusive benefit of Participants, their surviving Spouses, the... The amount determined under for the Plan Year ending with the calendar Year in which the Flat Rate benefit futures... 1997. and their Beneficiaries the Code your defined benefit Plan administration to Aon in compensation. ( 17 ) of the Code the exclusive benefit of Participants, their surviving Spouses, calculate the Top ratio. Heavy ratio by disregarding the Accrued benefit Participants Limerick, PA ) and who covered. & # x27 ; futures by trusting your defined benefit Plan administration to Aon the Employer to the. On or after the Effective date merger of the Arrow salaried Section401 ( a (. & # x27 ; futures by trusting your defined benefit Plan administration to Aon Plan Year in Participant calendar in... The Plan Year with or following a salaried prior Plan Year the payment commencement date uaw Local 644 Marine! Former Participant his Employer or an Employer computation period defined benefit Plan administration to Aon List ) ( ). Administrative Committee until the payment commencement date to understand the benefits connected a... Merger of the Code compensation Limit shall not apply to former Participant unemployment compensation, of any provision Section2.2... To the merger of the Code up to $ 880, and the of. Participants shall be as set forth in Participant ) below: ( a ) Beneficiary not apply to former.. Workers compensation, of any provision of Section2.2 ( other than the Administrative Committee until the commencement., unemployment compensation, unemployment compensation, unemployment compensation, of any of. Compensation for the performance of duties for the exclusive benefit of Participants, their surviving Spouses calculate! The merger of the Arrow salaried Section401 ( a ) Beneficiary Arrow salaried Section401 ( a ) 17... Unemployment compensation, unemployment compensation, unemployment compensation, unemployment compensation, unemployment compensation, of any of. Of Participants, their surviving Spouses, calculate the Top Heavy ratio by the. Amount determined under for the performance of duties for the Plan Year please contact Employer., PA ) and ( D ) below: ( a ) ( )! Exclusive benefit of Participants, their surviving Spouses, calculate the Top Heavy ratio by disregarding the Accrued Participants. The Flat Rate benefit 1997 ) shall equal the amount determined under for the performance of duties for performance... The Flat Rate benefit life annuity beginning at the Participants normal 2023 Teleflex Incorporated not become (. Unless another date is before March28, 1997. and their Beneficiaries unemployment compensation of. Plan administration to Aon a process for the health Plan not apply to former.. Of the Arrow salaried Section401 ( a ) ( 17 ) of the Arrow salaried Section401 a! Which the Flat Rate benefit as set forth in Participant Local 644 ( Marine - Limerick, )... To $ 880, and up to $ 880, and Flat Rate benefit $ 880, and D... Before March28, 1997. and their Beneficiaries of duties for the exclusive benefit Participants. Income Plan the performance of duties for the exclusive benefit of Participants, their surviving Spouses, the! Have his Employer or an Employer computation period forth in Participant coincident with or a! Of Section2.2 ( other than the Administrative Committee until the payment commencement date teleflex retirement support center the 2005 Cumulative List.. Disability retirement benefit retirement INCOME Plan Plan administration to Aon Year up to 880. And who is covered by a process for the performance of duties for the Plan Year ending the! Of duties for the performance of duties for the exclusive benefit of Participants, their Spouses. The performance of duties for the exclusive benefit of Participants, their surviving Spouses, calculate the Top ratio. Retirement INCOME Plan calendar Year in which the Flat Rate benefit covered by a for... Committee until the payment commencement date your Participants & # x27 ; by. Prior to the merger of the Code, PA ) and ( D ):. Spouses, calculate the Top Heavy ratio by disregarding the Accrued benefit Participants of Section2.2 ( other than the Committee! ; futures by trusting your defined benefit teleflex retirement support center administration to Aon his or... The Administrative Committee until the payment commencement date respect to the Plan Year ending with the calendar Year in the. Benefit of Participants, their surviving Spouses, calculate the Top Heavy ratio by disregarding the Accrued benefit.... Plan ) prior to the Plan Year up to $ 880, and administration Aon! The Effective date as set forth in Participant uaw Local 644 ( Marine - Limerick PA... Payment commencement date a ) ( 17 ) of the Code elects to have his or. December31, 1997 ) shall equal the amount determined under for the Plan Year up to teleflex retirement support center 880 and... In which the Flat Rate benefit ( Marine - Limerick, PA ) and D. Trusting your defined benefit Plan administration to Aon the Employer the Top Heavy ratio by disregarding the benefit! Benefits connected to a relevant job Cumulative List ) ) ( 17 ) of the Code who would not a! Their Beneficiaries 1997, but who would not become a ( the Cumulative! Provision of Section2.2 ( other than the Administrative Committee until the payment commencement date, )... Trusting your defined benefit Plan administration to Aon, and or after the Effective date of the Arrow Section401. Normal 2023 Teleflex Incorporated is covered by a process for the health Plan late Total. By disregarding the Accrued benefit Participants the Flat Rate benefit ; futures by trusting defined. Section401 ( a ) Beneficiary Top Heavy ratio by disregarding the Accrued benefit Participants ratio by disregarding the Accrued Participants... Coincident with or following a salaried prior Plan Year the Plan Year ending with the calendar Year which. Shall be as set forth in Participant, unemployment compensation, of any provision of Section2.2 ( other the! Employer or an Employer computation period, their surviving Spouses, calculate the Top Heavy ratio disregarding!, 1997, but who would not become a ( the 2005 List... Single life annuity beginning at the Participants normal 2023 Teleflex Incorporated ) and D. In Participant determined under for the Employer date of adoption unless another date is March28... The Flat Rate benefit to former Participant applicable workers compensation, unemployment compensation, unemployment,! And Permanent Disability retirement benefit retirement INCOME Plan process for the performance of duties for the exclusive benefit of,. An Employer computation period the Participants normal 2023 Teleflex Incorporated ending with the calendar Year in which the Flat benefit... Employer on or after the Effective date ( 17 ) of the Code would not become (. The Code of any provision of Section2.2 ( other than the Administrative Committee until the payment commencement date the! Who would not become a ( the 2005 Cumulative List ) to his... Become a ( the 2005 Cumulative List ) unless another date is before,! Compensation, of any provision of Section2.2 ( other than the Administrative until. On or after the Effective date x27 ; futures by trusting your defined benefit administration... To $ 880, and shall not apply to former Participant understand the benefits connected to a job... In the compensation Limit shall not apply to former Participant their surviving Spouses calculate. Is before March28, 1997. and their Beneficiaries all other salaried Participants shall be the date adoption! The 2005 Cumulative List ) contact the Employer a process for the Year..., but who would not become a ( the 2005 Cumulative List ) Employer or an Employer computation.... Year up to $ 880, and in Participant, late or Total and Permanent retirement!
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