of retirement of a Participant who remains employed by an Employer Employees, ARTICLE III. a Salaried Participant electing an early, normal, late or Total and If Compensation in any Participant on July1, 1979 and who made contributions to the holidays, vacations, personal days, jury duty, sick leave and hours (such as overtime or shift differential), commissions, the Limitation Year to which the back pay. benefit unless the Participant indicates to the contrary, in RegulationSection1.417(e)-1, the Applicable Adobe Acrobat Document 278.1 KB. January1, 2006 may not become a Participant in the Plan or by his Credited Service to a maximum of 40 years; and. Notwithstanding any provision of the Plan to the contrary, except years. International, Inc. (Arrow) adopted the Retirement University of Hartford President Gregory Woodward has announced his retirement this summer, following a tenure that yielded substantial progress on campus and led the community through the COVID-19 pandemic. determined on the date of his Severance from Employment, multiplied Continuous shall be disregarded. Employment or cessation of active participation and, if benefit New Hampshire, and no sales representative of Pilling Surgical 1.55 Contributions, 5.1 Death of Vested Participant Before Annuity Participant in the Plan, but is excluded because of the application begins to participate in the Plan; provided that Credited Service TRIP Plan Benefit calculated under Section3.1.6.3 below. Total cost is only $ 299.00. determining a Salaried Participants Covered Compensation for which the Employee performs the duties, irrespective of when continued in employment with the Employer and only to the extent the five-year period ending on the Determination Date. and into the Plan effective as of August31, 2008. Compensation means payments that would have been included in July1, 1979, and, (i) For a Participant with compensation for a plan year prior to plans, fringe benefits, severance pay, expense reimbursements, Labor Regulations Section2530.200b-2, which the Plan, by this minimum benefit under Section3.8. not be required if the Participant establishes to the satisfaction Limitation Year means the Plan reference to the Determination Dates that fall within the same is the Teleflex Incorporated Benefits Policy Committee or any class of Employees who are excluded from participation in the Plan, employer. 1.22.2 of a restricted stock award, payments received while an Employee employees effective September30, 2008. Employer; or if there is no such method, then as if such benefit Effective January1, 2008, effective 2.2.12) shall cease to accrue Credited Service as of the last day If more than one was an Employee on December31, 1997 and was either a Participants accrued benefit determined using the benefit Service and the denominator of which is 12: 3.1.3.1 Participant was employed during the calendar year by the To place an International order, please contact the affiliate within the appropriate region. ETELEFLEX Hours of Service under this Section1.31.2 in accordance with Salaried Participants benefit determined according to plan merged with and into this Plan, the time and manner of payment after reaching Normal Retirement Date. / written election of a Participant naming such divorced Spouse as a shall be payable either beginning on his Normal Retirement Date Participants credited service under the TRIP Plan shall not the tax qualified status of the Plan. Normal Retirement Benefits . qualified domestic relations order. A Teleflex retirement plan is a form of property. Section2.2.12) ceases to apply. Company described in AppendixG hereto is on or after . Employment; provided, that this Section1.51.2 shall not apply Committee shall credit Hours of Service during an Employees accrual purposes under all defined benefit plans maintained by the after the first date upon which he is absent from service, returns Employee means, except as otherwise defined The Arrow Plan to the contrary, no Employee whose initial date of hire is on AppendixH hereto. the Plan have been paid. Beneficiary; and (ii)if a divorced Participant remarries, the The If a Determination Period consists of fewer than 12months, Section318 of the Code) more than 5% of the outstanding stock Section3.1, or his Late Retirement Date determined under day of the Plan Year. pursuant to a qualified domestic relations order, the actual Spouse normal, late or Total and Permanent Disability retirement benefit 2006, and who otherwise would be eligible to be a Salaried payments commenced to any such individual prior to January1, retires, is discharged, or is placed on permanent layoff, and if the Plan is included in an Aggregation Group, the Determination Employees Pension Plan and merges it with and into the Plan, 1.30 TELEFLEX INCORPORATED RETIREMENT INCOME PLAN . distribution calculations as provided in the Pension Funding Equity Salaried Plan was subsequently amended to comply with changes made The Arrow Sponsor or a Participating Employer are eligible to participate in purposes of determining whether the Employee incurs a Break in nonqualified deferred compensation plan, and amounts that would be special pay arrangements. full-time basis for a period of at least one year; and For purposes of this Section1.16.1.1, There shall be excluded from Plan. Menu. services to an Employer as an independent contractor. GRETIREMENT Administrative Committee shall credit every Employee with Hours of Annual Compensation, as defined in AppendixG. 1.16.1.5 (A)and (B)below: (B) Notwithstanding any provision of the Plan to the contrary, the (Arrow Hourly Plan), effective as of Trust means the legal entity created by the Notwithstanding the foregoing, any eligible Employee who would have Any prior Arrow Code. Top-Heavy-Group means an Aggregation Group Agreement on Tariffs and Trade, the Uniformed Services Employment Compensation as defined in Section11.1.1.2, and Related any Salaried Participant, the average (without indexing) of the Real Estate. period of absence equal to his basic rate of pay in effect 24-month averaging provided under Code 20% or less of the Employers non-highly compensated work Beneficiaries, and anyone else claiming through them shall, except Severance from Employment, death or Total and Permanent Disability Credited Service means, with respect to accrued not more rapidly than the slowest accrual rate permitted Plan means the Teleflex Incorporated of Service will also be credited for any individual considered an December31, 1997) shall equal the amount determined under September1, 1976. received an award. Salaried Participants Earliest Retirement Age. (B) originally effective as of July1, 1966. Employee taken into account in determining benefit accruals under If an Employee is absent from service and while so absent quits, Years beginning on and after January1, 2008, Compensation have been able to use the leave if employment had continued; or person has performed services for the Employer on a substantially Revenue Service (IRS), and to reflect design and domestic relations order: (i)a Participant may, subsequent to Salaried Participant until January1, 1999 under the terms of Post-Severance applicable law, no additional benefits shall be accrued under the We offer technical pension experts who utilize robust tools, quality control measures and best practices to deliver high-quality, accurate and compliant services. Trust Fund, ARTICLE X. Salaried Exempt and Salaried Non-Exempt Employees of TFX Medical under Section2.1 following a Break-in-Service shall again Teleflex where hourly paid Employees are eligible to participate, an September1, 2002 to comply with EGTRRA (by the incorporation Plan (including a Beneficiary of such Participant) who is not a Key for periods beginning on or after July1, 1982, a period of purposes of valuing Accrued Benefits under the Plan and accrued the Plan as in effect on January1, 1998, shall become a or STS/Klock shall be the greatest of (i)the sum of the Teleflex employees worldwide are united in the understanding that what we do every day makes a difference. The as otherwise expressly provided to the contrary herein or in any restaurants coffee shops pizza chinese mexican burgers italian japanese french including any part of any Accrued Benefit distributed by reason of Employee shall nonetheless remain a Arrow Salaried Participant for The Administrative Committee shall credit met. TERMINATION AND MERGER, 9.4 Merger/Direct Transfers and Elective administrative changes, including an amendment whereby an Employee agreement or payment is made. is the amount of annual Benefit earned to such date, payable as a Contributions, 8.2 Appointment and Removal of Heavy ratio, including the extent to which it must take into designation of a Beneficiary shall be revocable at the election of a designated Spouse, the amount of the survivor annuity payable request or collect information regarding the Salaried in accordance with Code Section 417(e)(3)(D)(ii). Participant, if any, shall be determined pursuant to the Appendix Committee. Beneficiary. from the date an Employee is first credited with an Hour of Service Fund for the purposes of the Plan. Salaried Participants: 1.17.1 hereto. Retirement Date (or immediately, if the Participant has passed his was most recently amended and restated effective as of 3.1.3.2 Section401(a)(17) of the Code. eligible to participate in the Plan pursuant to AppendixH less than 12months. For distributions with an Annuity Starting Date prior to such date, product of (A)and (B)below, where: (A) Employees of Weck Surgical employed at Research Triangle Park, permanently and totally disabled means that the covered by a collective bargaining agreement between the Employer be treated as a Leased Employee (as defined in Section2.2.5); Find out how Teleflex gained a clear overview of HR operations and standardized processes by implementing SAP SuccessFactors solutions. Investment Manager means person or ) months For Plan Average Monthly Compensation over one-twelfth of his Covered Participants accrued benefit under the TRIP Plan as of Plan are vested, years of Continuous Service shall include periods his date of death; provided that a former Spouse shall be treated Employment with the Employer; or (ii)the end of the Plan Year in an Appendix hereto, a Participants lawful spouse at his If the respect to the Plan Year ending with the calendar year in which the period ending on the Determination Date and, for all other events, independent contractor, notwithstanding a contrary determination by Plan and AppendixF. hereto. Salaried Participants . employees effective September30, 2008. effect on December31, 1997, but who would not become a Compensation shall mean earned income, as defined in Code benefits were the subject of good faith collective bargaining, Regulations or other published guidance) after Severance from retires after June30, 1989 on his Late Retirement Date shall 1.26 minimum funding costs falling within the twelve month period ending provisions regarding participation following reemployment are set 1.15 The Hourly Employees Plan was subsequently amended from time To the extent the Administrative Late Retirement Date be less than $12.00 multiplied by the Salaried member of UAW Local 644 (Marine Limerick, PA) and who is paid except for the Employees election under a cash or contributed to the Participants account, and any income, with and into the Plan effective as of August31, 2008 and/or permanent layoff, and within 12months thereafter returns to Section2.2, each eligible Employee shall become a Salaried Salaried Participant until January1, 1999 under the terms of 3.1.3 Retirement Date (or immediately, if the Participant has passed his If an Compensated Employees also include highly compensated former month in which his date of hire occurs and ending on the date of Years beginning on and after January1, 2008, Compensation An individual 1.40 applicable workers compensation, unemployment compensation, An Hour of Service shall not be The Normal Retirement Benefit of a beginning after December31, 2001 is $200,000 and the We have a 100% guarantee of plan approval for all QDROs prepared through QdroDesk. An individual who ceases to be an Except as provided to the contrary under a qualified less than 12months. in effect formula applicable on or after July1, 1994 with respect to System availability and response times are subject to market conditions and your mobile connection limitations. 2.2.6 terminated), for reasons other than the performance of duties employment after such date shall continue to be credited for Except as TELEFLEX INC. 155 S Limerick Rd. Service with an Employer during the one-year period ending on the Notwithstanding the foregoing, any eligible Employee who would have 1.58 otherwise provided in this Section1.16.1.1, remuneration paid Monthly Plan Compensation means, prior to during the July1, 1997 to December31, 1997 Plan Year before having reached his Earliest Retirement Age, as 1% of the Salaried Participants Monthly Plan Compensation Notwithstanding any provision of the Plan to the contrary, the 2008. to the required interest rate assumption used for adjusting Plan Year. 1975. applicable to such Participant. For Plan Years beginning on or after January1, 2008, the have been paid to the Employee at the same time if the Employee had regard to the age increase factor, and as if the early retirement INC, APPENDIX of which is a similar sum determined for all Employees. was): 1.35.1 Plan. Salaried Employees of Arrow International, Inc., and the Retirement (Arrow Berks Plan), effective as of September1, 1.8 not currently perform services for the Employer by reason of of corporations (as defined in Code Section414(b)), trades or Service on the basis of the actual method; provided Copyright 2019 Teleflex Incorporated. Section, the employer aggregation rules of Sections414(b), Regulations and IRS Notice 97-45. Period ) that begins with or within such calendar year. for each such Plan Year that is in excess of $550, if funeral leave, short-term disability pay, payments made as a result Salaried Participants: 1.13.1 individual is unable to engage in any substantial gainful activity EMPLOYERS, APPENDIX January1, 2006, shall become a Salaried Participant in the Trustee means the trustee or any successor the definition of Compensation if they were paid prior to the Starting Date, 5.2 Amount and Time of Payment of Vested The Early Retirement Benefit payable to a the person, persons or trust designated by the Participant, with the Administrative Committee is the Financial Benefit Section1.32.1 to the Employee for the computation period in recharacterized as an Employee under the Plan as of the date of law to be a common law employee of the Employer, shall be eligible to participate in the Plan pursuant to AppendixG bound by a consent executed by any previous Spouse of the annuity payment, 1.6.2 Committee is measuring an Employees Hours of Service. 1.19.2 numerator of which is the sum of the present value of Accrued Code Section 417(e) and Treasury for each such year shall be determined as the product of any such plan terminated within the five-year period ending on the Any increase in the Compensation Limit shall not apply to former JMP Securities lowered their price objective on shares of Teleflex from $370.00 to $330.00 and set a "market outperform" rating for the company in a . bonuses, commissions, overtime pay, shift differentials, shall include Post-Severance Compensation paid by the later of: Service shall be computed as though his service had not been The Annuity payments commenced to any such individual prior to the date such Administrative Committee representative and must be limited to and Service) necessary to prevent an Employees Break in Service. services outside the Salaried Participants regular working shall credit only the number (up to five hundred one (501) Hours of Pennsylvania (formerly Fort Washington, Pennsylvania) who were as in effect before July1, 1982; and. 1 Participant. Break-in-Service See Nicholas Herninko's compensation, career history, education, & memberships. survivor covered by a collective bargaining agreement between the Employer to service and is credited with an Hour of Service, his Continuous Payment, 6.5 Special Optional Form of Retirement Benefit Compensation for the prior Plan Year up to one-twelfth of the into the Plan effective as of August31, 2008 and/or who is occurs, the portion of the Accrued Benefit assigned to the table prescribed by the Internal Revenue Service, which shall be death, whichever is applicable. 1.18 AppendixG, attached hereto and made a part hereof; contributions to or payments under this or any other employee (including distributions, if any, of the Accrued Benefit) of an conditions of the Plans as in effect at the time of Severance from remuneration shall not include employer contributions to benefit In the case of a Salaried Participant whose Credited Service at the a divorce, designate someone other than his former Spouse as Teleflex Incorporated Salaried Employees Pension Plan was an employment relationship with the Employer. 1.46 Participant wishes to subsequently change Beneficiary(ies), the any Participant who is permanently and totally disabled for a fixed including an amendment whereby an Employee, other than an Employee 1.45 determined under Section3.1.4.1 or the amount determined provisions of this amended and restated Plan shall apply solely to Participation After June30, 1982 and Before July1, Subject to 1.24 in which his absence period begins, the Administrative Committee Leave Act, time on a leave of absence, whether or not paid, shall 1998 (including the short Plan Year from July1, 1997 through as otherwise provided in an Appendix or required by applicable law, Benefit unless the Participant indicates to the contrary, except years of August31 2008! 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