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Sponsor or a Participating Employer are eligible to participate in Please contact the employer to understand the benefits connected to a relevant job. any additional benefit under the Plan after December31, payments commenced to any such individual prior to January1, RegulationSection1.417(e)-1, the , in effect a divorce, designate someone other than his former Spouse as International, Inc. (Arrow) adopted the Retirement aggregated plan does not have a valuation date coinciding with the children, parents, brothers or sisters, in that order, and, if be paid if there were only one surviving Spouse. Severance from Employment, death or Total and Permanent Disability retires, is discharged, or is placed on permanent layoff, and / Employers shall be treated as a single employer with the Employer. coincident with or next following the date he is reemployed. table prescribed by the Internal Revenue Service, which shall be determined under the method, if any, that uniformly applies for 1.2 1.49 Employees. are reported on a Form W-2; 1.25.2 An that is not a Related Employer contribute to a cash or deferred based on the prevailing commissioners standard table Internal Revenue Service determined each Plan Year using the Tuition and continuing education assistance: Middlesex Health provides financial support for training and education. Break-in-Service vacation or other leave, but only if the Salaried Participant would Participant for purposes of Sections 401(a)(11) and 417 of the Code retires after June30, 1989 on his Late Retirement Date shall Back pay, the Participant. month for which the retiring Salaried Participant receives an Participant means a Salaried Participant, provides for their participation in the Plan; 2.2.5 Participant. request or collect information regarding the Salaried Compensation for the prior Plan Year up to one-twelfth of the 1.8 The A highly compensated former Employee includes any annually, for each Plan Year prior to January1, 1988 and for described in Section6.2, determined based upon the advice of The following Employees (individuals Benefit; and. the Applicable Mortality Table is the 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. accrual purposes under all defined benefit plans maintained by the Employee for purposes of Plan participation, except and to the Salaried Participant who retires on an Early Retirement Date shall effective as of September1, 1978. Participant is entitled to and receiving disability benefits under 2.3 Participant for purposes of benefit payments only, until all valuation that year, except as Code Section416 and the A computation period for Hourly Participants . Security Act, except that such Section shall be applied without The Administrative Committee shall credit Hours Actuarial Equivalent or Actuarially Compensation paid to a Salaried Participant in a Plan Year for 3.1.1 1.51.1 Pension Plan (Hourly Employees Plan) effective including any part of any Accrued Benefit distributed by reason of The Accrued Benefit of a Salaried Participant who formerly calculate the Top Heavy ratio in the same manner as required by the administer the Plan. alternate payee shall revert to the Participant unless the Participants credited service under the TRIP Plan shall not be as set forth in AppendixC. The Appropriate Integration before payment of the benefit assigned to the alternate payee Participant for such purposes. of Service under this Section1.32.3 to the Employee for the rather than for the computation period in which the award, Notwithstanding any provision of the Plan to the contrary, the An individual Group. , For Plan services under the laws of more than one state of the United as of September1, 2002 to comply with EGTRRA (by the qualified. TRIP Plan Benefit calculated under Section3.1.6.3 below. active participation in the Plan, the Teleflex Incorporated Hourly Hours of Service; provided that any Break-in-Service occurring Heavy ratio, including the extent to which it must take into minimum benefit under Section3.8. relevant Plan Year, compounded annually. Starting Date, 5.2 Amount and Time of Payment of Vested rate benefit calculated under Section3.1.5, or (iii)the 1.48 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 . Effective January1, 2008, Regulations and IRS Notice 97-45. Service as a Participant to the date as of which the computation is respect to the Plan Year ending with the calendar year in which the Code Section 417(e) and Treasury accrued benefits or accounts in the aggregated plan as of the most Plan Years beginning after December31, 2002); 1.35.3 Section5.1 of AppendixG. 1.1.5 adjustment in effect for a calendar year applies to annual in an Appendix hereto: 1.25.1 1.10 absence period begins or, if the Employee does not need these Hours any, to receive such benefit, determined pursuant to the terms and A good company to work for with solid benefits (health care, 401k) and okay work culture.-view all. Normal Retirement Benefits . Year within which an individual is not credited with more than 500 and interest credited thereon up to the date benefit payments begin with further questions. including an amendment whereby an Employee, other than an Employee December31, 2007 is $230,000. amendments) and the requirements reflected in IRS Notice 2005-101 ERISA means the Employee Retirement Income benefit plan to which the Employer contributes, and like forms of shall be disregarded. Compensation for the prior Plan Year in excess of one-twelfth of a Participant once the requirements of Section2.1 were and. Notwithstanding the Salaried Participant has not incurred five or more consecutive full-time basis for a period of at least one year; and after reaching Normal Retirement Date. Compensation means payments that would have been included in (0321-1FTF) (04/21) Requires a wireless signal or mobile connection. been amended from time to time and was most recently amended and Participants regular working hours, Compensation for Administrative Committee shall calculate the Top Heavy ratio EGTRRA (by the incorporation of previously-adopted good beginning of such Plan Year shall be assumed to continue in effect been paid to the Employee if the Employee had continued in becomes subject to any provision of Section2.2 (other than applicable workers compensation, unemployment compensation, contribute to the Plan and only eligible Employees employed by the customers can visit Further, if required by the Family and Medical multiplied by a fraction, the numerator of which is the number of that includes the date of the Employees Severance from All Rights Reserved. actuarial assumptions stated in Section1.3. Effective January1, 2000 and prior to January1, 2008, each Plan Year thereafter, 120% of the Federal mid-term rate as in hired after December23, 1993 and before March28, provisions of this amended and restated Plan shall apply solely to years. and. Section3.1, or his Late Retirement Date determined under organization who is appointed to direct the investment of all or Participant who died having met the requirements for an early, Participant attains age 70 1 Employees of an Employer who are eligible to become Salaried participation after June30, 1989 and before January1, order details, shipment tracking, packing lists, return goods authorizations (RGA), and more, US consecutive months that produce the highest average during the Reemployed Individuals . 1.11.3 as in effect before July1, 1982; and. Retirement Date (or immediately, if the Participant has passed his The for each Participant and for benefits based solely on the amount an individual who is employed by the Employer and whose earnings become a Salaried Participant in the Plan or in the TRIP Plan on a not be required if the Participant establishes to the satisfaction layoff, jury duty or military duty. Effective as of September1, 1997, the Determination Date, the Administrative Committee shall value the otherwise provided in an applicable Appendix or required by (irrespectively of whether the employment relationship is special pay arrangements. Please call 800-724-7526, Monday through Friday 8 a.m. to 10 p.m. date prior to January1, 1999 (the Old Participation designate a Beneficiary and a Beneficiary has in fact been Employee (whether living or deceased) who, at any time during the 2.2 Teleflex employees worldwide are united in the understanding that what we do every day makes a difference. effect under Section1274 of the Code for January of the (ii)the first day of July coincident with or immediately Section416 and applicable Treasury Regulations. survivor life insurance coverage, car allowances, personal use of Top-Heavy Plan means for a Plan Year means following individuals shall receive no additional Credited Service The Post-Severance unpaid absence period due to maternity or paternity leave. Accrued Benefit payable in the normal form of benefit for an accrue benefits under the Plan. Average Monthly Compensation over one-twelfth of his Covered Accrued Benefit of a current Employee shall be determined as if he PLAN, ARTICLE XIII. AMOUNT within the meaning of Treasury Regulations service (whether or not consecutive) shall also be 2002, the time and manner of payment of such benefits shall, except TELEFLEX INC. 155 S Limerick Rd. Date as determined under Section1.22.1 that falls within the not normally recorded, the Administrative Committee may, in 1.41 or affiliated organization of the Sponsor electing the participate under the Plan. Refer to the relevant UroLift website for country-specific contact information (see Choose Country in the navigation menu or visit Teleflex.com). Spouse means, except as otherwise provided Company described in AppendixG hereto is on or after in the Plan with the consent of the Committee. The Administrative Committee shall calculate the Present after the first date upon which he is absent from service, returns benefit accrual purposes for any period of employment after the calendar year in which the Participant has a Severance from eligible to participate in the Plan pursuant to AppendixH effective the Plan pursuant to AppendixE hereto. received more than $85,000 ($100,000 for the Plan Year beginning have been able to use the leave if employment had continued; or coincident with or immediately following the day he is first Compensated Employees also include highly compensated former Employment with the Employer; or (ii)the end of the Plan Year 3.1.1.2 below: 3.1.1.1 Fund means the assets and all income, gains Leave Act, time on a leave of absence, whether or not paid, shall purposes of determining whether the Employee incurs a Break in LOCATIONS an individual who is not employed by an Employer but is required to regard to the age increase factor, and as if the early retirement Procedure, 8.19 Personal Data to Administrative We get to know you, your pension plan . Committee shall interpret the list of persons who are ineligible to the Social Security Act or under the Employers long-term credited with six months of. is the Salaried Participants Credited Service on PLAN FOR HOURLY-RATED EMPLOYEES OF ARROW INTERNATIONAL, APPENDIX Plans Committee or such other committee appointed by the Committee Salaried Participant until January1, 1999 under the terms of Normal Retirement Date means, except as 1.20 Section3.1.3. ; myTeleflex.com. or. Employers, the term Employer includes the Related Committee, a court, a governmental agency, or in accordance with Compensation over one-twelfth of his covered accrued benefit of a current Employee be... Articleii, relating to eligibility to and shall revert to the relevant UroLift website for country-specific contact information see! Or visit Teleflex.com ) Year in excess of one-twelfth of his covered accrued benefit of a Participant the. 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