teleflex retirement support center
Payments for TRIP Plan Participants, 6.6 Election of Benefits Notice and
Section1.415(c)-2(g)(8), shall be treated as Compensation for
accordance with rules applied in a uniform and nondiscriminatory
Date as determined under Section1.22.1 that falls within the
Salaried Participant has not incurred five or more consecutive
INTEGRATION LEVEL FOR PRE-1998 EMPLOYEES, APPENDIX
Arrow Salaried Participant, Arrow Hourly Participant, or an Arrow
Table., 1.3.2.1
(B)
Participant who is not a Salaried Participant shall be determined
EMPLOYERS, APPENDIX
1.52
Severance from Employment, death or Total and Permanent Disability
January1, 1998, a Salaried Participants monthly rate
recharacterized as an Employee under the Plan as of the date of
nonqualified deferred compensation plan, and amounts that would be
was a participant in the Teleflex Incorporated Hourly
benefit of a Participant other than a Key Employee shall be
forth in AppendixA, attached hereto and made a part hereof,
is the amount of annual Benefit earned to such date, payable as a
1.375% of the Salaried Participants Monthly Plan
1.375% of the Salaried Participants Monthly Plan
Employment, except for payments (1)to an individual who does
Salaried Participants accrued benefit on June30, 1994
For distributions with an Annuity Starting Date on
It is
hours (such as overtime or shift differential), commissions,
effect on December31, 1997, but who would not become a
Insurance, Health & Wellness Financial & Retirement Family & Parenting Vacation & Time Off Perks & Discounts Professional Support Insurance, Health & Wellness Health Insurance 4.0 21 Ratings Employer Verified Dental Insurance 3.5 4 Ratings vacation or other leave, but only if the Salaried Participant would
GRETIREMENT
or any anniversary thereof), within which the Employee is not
Hourly Participant, Arrow Salaried Participant, Arrow Hourly
All Rights Reserved. except where otherwise provided herein or as required by applicable
continuous period during which the Employee does not perform any
participated in the TRIP Plan who was employed on December31,
Compensation means Limitation
Employees of an Employer who are eligible to become Salaried
each plan of the Employer included in a Required Aggregation Group;
The
Pre-1998 Employee means an individual who
Reemployed Individuals . a Salaried Participant electing an early, normal, late or Total and
determining Highly Compensated Employee status in effect for that
had continued to perform services for the Employer; or (2)to
unit of Employees as to which there is evidence that retirement
AppendixF hereto. Solely for
employees effective September30, 2008. A Teleflex retirement plan is a form of property. Beneficiary; and (ii)if a divorced Participant remarries, the
3.1.1
Employee whose initial date of hire is prior to January1,
(D)
Procedure, 8.19 Personal Data to Administrative
(or such other period as extended by subsequent Treasury
issued by the Department of Labor (DOL) and Internal
an employment relationship with the Employer. Find out how Teleflex gained a clear overview of HR operations and standardized processes by implementing SAP SuccessFactors solutions. 1.37
PLAN, ARTICLE XIII. income recognized on the exercise of a stock option or the vesting
HRETIREMENT
3.1.7
an officer of the Employer having annual compensation greater than
the Administrative Committee shall include distributions from a
There shall be excluded from
Employees Severance from Employment and the payments are:
contributions to or payments under this or any other employee
preceding Plan Year; or, 1.31.2.1
aggregated plan does not have a valuation date coinciding with the
Hours of Service under this Section1.31.2 in accordance with
applicable Code Section417(e)(3) mortality table. circumstances as the Secretary of the Treasury may prescribe by
Required Aggregation Group means: 1.50.1
Employees of Weck Surgical employed at Research Triangle Park,
Accumulated Contributions means the sum of a
Year within which an individual is not credited with more than 500
relates to
individual who has not received credit for at least one Hour of
Arrow Salaried Participant means a
For a Participant with compensation for a plan year prior to
exception of the Employees listed in 2.2.12, the Administrative
Participants Monthly Plan Compensation averaged over the
1.56
paternity leave if the Employees absence is due to the
Date) under the terms of the Plan or the TRIP Plan as in
the five-year period ending on the Determination Date. made. Participant in a Plan Year for services rendered to a Participating
Sponsors acquisition of Arrow on October1,
Plan; 2.2.11
have been able to use the leave if employment had continued; or
a Salaried Participants credited service under the TRIP Plan
by his Credited Service to a maximum of 40 years; and. such Employee was a Key Employee with respect to the Plan for any
Participant. Except as to an Employee at a location listed in AppendixA
1.5% of the excess, if any, of the Salaried Participants
bonuses, commissions, overtime pay, shift differentials,
Retirement Plan for Hourly Rated Employees at the Berks County, PA
Appendix E, attached hereto and made a part hereof; 1.3.1.3
benefits under the Plan. tuition reimbursements, relocation expenses, the taxable portion of
because the Spouse cannot be located or because of such other
lasted or can be expected to last for a continuous period of not
Notwithstanding the preceding, except as otherwise provided in an
as the Spouse or surviving Spouse to the extent provided under a
Section2.2.12), shall become a Salaried Participant as of the
of December31, 2008 and/or who is eligible to participate in
Normal Retirement Date), calculated in accordance with
3.1.3.2
January1, 2008, , or the date determined by applying the
month in which the Salaried Participant reaches age 60. effective
been paid to the Employee if the Employee had continued in
which the individual is deemed to be a Leased Employee. determining a Salaried Participants Covered Compensation for
Employees. (Disability with respect to Hourly Participants) in the one-year
Participants credited service under the TRIP Plan shall not
Compensation for any period, not exceeding 12months, over
that includes the date of the Employees Severance from
if the Participant has no Spouse and has made no effective
Employer; or if there is no such method, then as if such benefit
Plan and AppendixF. hereto. exceeds sixty percent (60%). prior document for the Plans be determined pursuant to the terms
2.2.8
beginning at his Normal Retirement Date determined under
Salaried Participants Earliest Retirement Age. member of UAW Local 644 (Marine Limerick, PA) and who is
purposes of this Section3.1.4, the Appropriate Integration
Improper use of network and server will result in criminal prosecution. and UAW Local 644, first hired by the Employer on or after
before July1, 1982, or repaid pursuant to Section3.7,
1.9
effective January1, 2004) shall be ineligible to become a
January1, 1998 . Home; ARROW Videos; ARROW IABP Class Room; ARROW Support Materials; ARROW WAVE Algorithm; ARROW Right-Heart . Salaried Participants . the Required Aggregation Group, and the Top Heavy ratio for both
Nicholas Herninko is Plan Administrator at Teleflex Inc Retirement Income. date of hire is on or after January1, 2004 but prior to
Administrator and Named Fiduciary of the Plan. Interest Rate is the adjusted first, second and third
employer. relations order, as defined in Code Section414(p), should die
Participant attains age 70 1
Participants accrued benefit as of July 31, 1989
unless a collective bargaining agreement covering those Employees
Service (prior to December31, 2008 or such later date
Salaried Exempt and Salaried Non-Exempt Employees of TFX Medical
Benefit, and their right, if any, to receive such benefit
1.25
such plan and the plan or plans described in Section1.39.1,
Inc., the Retirement Plan for Salaried Employees of Arrow
Employee shall nonetheless remain a Arrow Salaried Participant for
individual is unable to engage in any substantial gainful activity
entitled shall be determined in accordance with the Plan and
Participants Credited Service at his Early Retirement Date. Employment with the Employer; or (ii)the end of the Plan Year
Administrative Committee shall calculate the Top Heavy ratio by
based on the prevailing commissioners standard table
Section401(a)(17)(B) of the Code. hereto, respectively. Section1.31.2; and. incorporation of previously-adopted good faith
conditions of the Plans as in effect at the time of Severance from
Sections3.1.1, 3.1.2, 3.1.3 and 3.1.4, (ii)the flat
Participation After June30, 1989 and Before
service group (as defined in Code Sections 414(m) and
Hours of
We get to know you, your pension plan . Except as
Revenue Service (IRS), and to reflect design and
2.3
of a restricted stock award, payments received while an Employee
that includes the date of the Employees Severance from
A monthly pension for each Plan Year beginning with July1,
Break-in-Service means, with respect to
date prior to January1, 1999 (the Old Participation
Over the past 80 years, Aon has developed a truly high-touch DB administration service model. The Arrow
equal his Accrued Benefit, based on the Salaried
1.19
The original effective date of the Plan was
January1, 1998, the Teleflex Incorporated Retirement Income
) months
1.32.3
To the extent that the Plan
applicable law, no additional benefits shall be accrued under the
Section401(a)(17) of the Code. The
Flat Rate Benefit . Section5.1 of AppendixF. 1.1.4
Traditional IRA Vs. Roth IRA. times his weekly rate. 1.50
1.05% of the lesser of the Salaried Participants Average
Employees. for the performance of duties for the Employer. Beneficiary designation: 1.11.3.2
person has performed services for the Employer on a substantially
calendar year following the later of: 1.51.1
for each Participant and for benefits based solely on the amount
Employment; provided, that this Section1.51.2 shall not apply
GUST). compensation within the meaning of Section415(c)(3) of the
Leased Employees covered by a safe harbor plan
Section416 and applicable Treasury Regulations. any additional benefit under the Plan after December31,
All former employees,
Please contact the employer to understand the benefits connected to a relevant job. the Administrative Committee is the Financial Benefit
1.17.2
Participants Credited Service under the TRIP Plan through
Arrow
any Plan Year, the contribution and benefit bases in effect at the
be paid if there were only one surviving Spouse. (determined under Section1.16.1.1) paid to a Salaried
unfunded deferred compensation plan, but only if the payment would
the contrary herein, or in any prior Merged Plan document, be
and Restatement, APPENDIX
RIGHTS, 14.9 Contingent Effectiveness of Plan Amendment
under a plan maintained solely for the purpose of complying with
Administrative Committee shall calculate the Top Heavy ratio
Section1.32.1 to the Employee for the computation period in
1979 and ending on June30, 1982, where the monthly pension
Qualified Joint and Survivor Annuity means
for the November of the Plan Year immediately preceding the first
accordance with Code Section 414(q) and the Treasury Regulations
single life annuity beginning at the Participants Normal
listed in AppendixA; 2.2.3
For purposes of this Section1.16.1.1,
1997 by Weck Closure Systems or Pilling-Weck Surgical Instruments
1.17.3
foregoing, the Normal Retirement Date of a Salaried Participant who
have been paid to the Employee at the same time if the Employee had
employment with the Employer; (b)for accrued bona fide sick,
Employees Pension Plan (Hourly Plan) prior to
PLAN FOR HOURLY-RATED EMPLOYEES OF ARROW INTERNATIONAL,
for all subsequent Plan Years. benefit payments only, until all amounts due him from the Plan have
1997. Compensation means Average
the Plan as in effect on January1, 1998, shall become a
shall not count as Credited Service under this Plan for purposes of
Retirement Plan for Hourly Rated Employees at the Berks County, PA
was an Employee on December31, 1997 and was either a
was most recently amended and restated effective as of
the extent the back pay represents an amount that would otherwise
1.45
be treated as a Leased Employee (as defined in Section2.2.5);
the Plan (Merged Plan) whose employment or active
determining this portion of the Participants Accrued
1.41
prior Plan Year. The term
the foregoing, the Normal Retirement Age of a Salaried Participant
The
Employee for purposes of Plan participation, except and to the
owns (or is considered as owning within the meaning of
In
shall have the meaning set forth in the Appendix applicable to the
Credited Service earned on or after July1, 1994. 2001 (EGTRRA), to conform to regulations and guidance
Committee means the Committee appointed to
payments not described in the preceding sentence are not considered
as specified in AppendixA; 2.2.10
more than $150,000. employed at Jaffrey, New Hampshire; and. had continued to perform services for the Employer; or (2)to
numerator of which is the sum of the present value of Accrued
cafeteria plan described in Section125 of the Code. Notwithstanding any provision of the Plan to the contrary, the
the calendar year in which the Participant reaches age 70
to revise the governance structure of the Plan (in a manner
Such a Salaried
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 . a Non-Key Employee with respect to the Plan for the Plan Year if
the Plan pursuant to AppendixE hereto. of base earnings for each Plan Year effective as of the May 1
1.27
accrued benefits or accounts in the aggregated plan as of the most
UAW Local 644 (Marine - Limerick, PA) and who is covered by a
Educational Center - Straight to the Heart of Cardiac Care . Notwithstanding any other provision of the Plan to the
Employment or cessation of active participation and, if benefit
child, the placement with the Employee of an adopted child, or the
the Internal Revenue Code of 1986, as amended by the General
his Break-in-Service. Notwithstanding the foregoing, any eligible Employee who would have
Hours of Service; provided that any Break-in-Service occurring
Determination Date, the Administrative Committee shall value the
which the Employee performs the duties, irrespective of when
Late Retirement Benefits . 2.000% of the Salaried Participants Monthly Plan
benefit calculated under Section3.1.4, or (ii)the flat
preceding the beginning of such Plan Year, including amounts the
Participants accrued benefit under the TRIP Plan as of
or. month for which the retiring Salaried Participant receives an
Except as provided to the contrary under a qualified
Participation After December31, 1997 . Plans Committee or such other committee appointed by the Committee
This is a secure website for Teleflex employees. following equivalencies: For
Service shall be computed as though his service had not been
Section3.2, on the basis of the Participants Credited
Average Monthly Compensation over one-twelfth of his Covered
the Social Security Act or under the Employers long-term
Determination Date. Participating Employer means any subsidiary
Actuarial Equivalent or Actuarially
Plan Year means the 12-month period ending
provisions of this ArticleII apply only with respect to
2007). Section410(a)(1). Incorporated (the Sponsor), hereby amends and
Information in this material is not a substitute for the product Instructions for Use.
means: 1.44.1
Compensation Limitation for Plan Years beginning after
(irrespectively of whether the employment relationship is
1.13.2
Salaried Participant was an Employee eligible to accrue Credited
Monthly Compensation of a Salaried Participant who participated in
1.38
entitled shall be determined in accordance with the Plan and
The use of the segment rates
A computation period for
rights and liabilities with respect to controlling and managing the
with ArticleVI. the Top Heavy ratio, the Administrative Committee shall use the
benefit plan to which the Employer contributes, and like forms of
an Employee who incurs a Severance from Employment with the
Appendix or required by applicable law, no Participant shall accrue
has been credited with 10years of Continuous Service. shall be entitled to his Accrued Benefit as calculated under
annually, for each Plan Year prior to January1, 1988 and for
when required by context under Section1.32 for purposes of
for Arrow Hourly Participants, shall have the meaning set forth in
International, Inc., or the Retirement Plan for Hourly-Rated
consent of the Spouse must be obtained again. single life annuity beginning at the Participants Normal
and into the Plan effective as of August31, 2008. North Carolina; 3.1.7.2
annuity shall be 50% of the amount of the annuity payable during
3.1.1.2
Our customized services include outsourcing, co-sourcing and in-sourcing options. January1, 2008, , or the date determined by applying the
Salaried Participant was vested in his Accrued Benefit or if the
and losses thereon held by the Trustee under the trust agreement
2.2
Locations of Arrow International, Inc., the Retirement Plan for
less than 12months. Company described in AppendixG hereto is on or after
Traditional IRAs are usually funded with before-tax dollars and are generally fully taxable . foregoing, a Salaried Participant who formerly participated in the
For this purpose, annual compensation means
force, within the meaning of Section414(a)(5)(c)(ii) of the
received more than $85,000 ($100,000 for the Plan Year beginning
Notwithstanding
the Plan as in effect on January1, 1998, shall become a
G, or H hereto. shall nonetheless remain an Arrow Berks Participant for purposes of
the TRIP Plan before its merger into the Plan, averaged over the 60
Salaried Exempt and Salaried Non-Exempt Employees of TFX Medical
as otherwise expressly provided to the contrary herein or in any
Effective January1, 2004, an Employee who is a member of a
as otherwise provided in an Appendix or required by applicable law,
The Administrative Committee shall
childs birth or placement. commenced. Employer. Accrued Benefit equal to the sum of (A)and
after October1, 2007, may become an Arrow Salaried
Sections1.14.3.1 and 1.14.3.2 for a period of time when a
INTEGRATION LEVEL FOR PARTICIPANTS OTHER THAN PRE-1998
Date; Reemployed Participants, 6.9 Required Distributions Code
Section3.1.1, Section3.1.2 or
becomes entitled to receive a benefit under the Plan. The Administrative Committee shall calculate the Present
644), may become an Hourly Participant in the Plan or accrue
(i)two and one-half (2 1
not currently perform services for the Employer by reason of
Committee, 8.3 Compensation and Expenses of
of Service to prevent a Break in Service in the computation period
Except as
months that the Salaried Participant was employed during the Plan
and. Participant for such purposes. each other plan of the Employer that enables any plan described in
Date, ARTICLE VI. 1.13
of any provision of Section2.2 (other than
to participate in the Plan, and whether or not benefits under the
claiming through them, shall, except as otherwise expressly
the amounts the individual would have received if the individual
or STS/Klock shall be the greatest of (i)the sum of the
are reported on a Form W-2; 1.25.2
any month coincident with or following a Salaried
For Plan
Terminated Participants Death Benefit, 5.3 Death of Participant On or After Retirement
All of an Employees nonsuccessive periods of service,
Teleflex Incorporated | Global Knowledge Network Log In Forgot your password? The Arrow Salaried Plan has
The Sponsor
a Participant once the requirements of Section2.1 were