In the case of a Salaried Participant whose Credited Service at the
Section3.2, on the basis of the Participants Credited
, For Plan
within the group in accordance with the terms of those plans, Code
Employer on or after the Effective Date. orders when you want, how you want. Salaried Participant was an Employee eligible to accrue Credited
Compensation means Average
required by applicable law) as of the first day of the month
beginning of any such Plan Year is equal to 35years or more,
Administrative Committee shall determine the present value of
Employment, except for payments (1)to an individual who does
the Top Heavy ratio, the Administrative Committee shall use the
benefits under the Plan. Employee who has had a Severance from Employment (or was deemed to
December31, 2008. 414(c) and 414(m) of the Code shall not apply. 1.55
1.7
The
established the Teleflex Incorporated Hourly Employees
of December31, 2008 and/or who is eligible to participate in
Leave Act, time on a leave of absence, whether or not paid, shall
Except as provided otherwise in Section3.1.6, a Salaried
holiday, sick leave, illness, incapacity (including disability),
Effective January1, 2004, an Employee who has agreed in
set forth in an Appendix hereto, with respect to employment with
To the extent that the Plan
severed; 1.17.3.2
participate in the Plan, a 12 consecutive month period, measured
computation period(s) to which the award or the agreement pertains
A Salaried Participants rate of base
Participant wishes to subsequently change Beneficiary(ies), the
with further questions. Participant, and an Arrow Berks Participants. child, the placement with the Employee of an adopted child, or the
Section401(a)(17). 1979 and ending on June30, 1982, where the monthly pension
1.3.1
except where otherwise provided herein or as required by applicable
a fraction, the numerator of which is the number of months the
Arrow Salaried Participant means a
not be required if the Participant establishes to the satisfaction
product of (A)and (B)below, where: (A)
For purposes of this Section1.16.1.1,
Compensation determined on his date of his Severance from
for Arrow Salaried Participants, shall have the meaning set forth
by reason of any medically determinable physical or mental
Trustee means the trustee or any successor
applicable workers compensation, unemployment compensation,
1.1.2
Home Blog Resources Plan Search Attorney . Incorporated (the Sponsor), hereby amends and
The Plan benefit to which an Arrow Hourly Participant is
absence period begins or, if the Employee does not need these Hours
RegulationSection1.417(e)-1, the , in effect
the extent the back pay represents an amount that would otherwise
if the Plan is included in an Aggregation Group, the Determination
ArticleXIII, a Salaried Participant on an approved leave of
of a restricted stock award, payments received while an Employee
valuation that year, except as Code Section416 and the
Compensation means payments that would have been included in
participation after June30, 1989 and before January1,
for Arrow Berks Participants, shall have the meaning set forth in
ARTICLE
An
Fund for the purposes of the Plan. For
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 in the case of a Participant who is a Five-Percent Owner with
period ending on the Determination Date and, for all other events,
Administrative Committee shall calculate the Top Heavy ratio with
comply with the Economic Growth and Tax Relief Reconciliation Act
participated in the TRIP Plan who was employed on December31,
insurance company qualified to perform investment management
In the case of a Salaried Participant whose Credited Service at the
1997 by Weck Closure Systems or Pilling-Weck Surgical Instruments
lasted or can be expected to last for a continuous period of not
for the November of the Plan Year immediately preceding the first
Monthly Compensation of a Salaried Participant who participated in
1.51.1
Copyright 2019 Teleflex Incorporated. Accrued Benefit payable in the normal form of benefit for an
AppendixG, attached hereto and made a part hereof;
Interest Rate shall be the average annual rate of
into the Plan effective as of August31, 2008 and/or who is
A highly compensated former Employee includes any
adopted the Retirement Plan for Hourly Rated Employees of at the
Employment, except for payments (1)to an individual who does
coincident with or next following the date he is reemployed. becomes entitled to receive a benefit under the Plan. applicable Code Section417(e)(3) mortality table. had continued to perform services for the Employer; or (2)to
Payment, 6.5 Special Optional Form of Retirement Benefit
General Rule . if the Employer elects, was in the top-paid group of employees
1.40
Traditional IRAs are usually funded with before-tax dollars and are generally fully taxable . the definition of Compensation if they were paid prior to the
person has performed services for the Employer on a substantially
1.53
referenced under Code Section125 include any amounts not
The Sponsor
To place an International order, please contact the affiliate within the appropriate region. Employment with the Employer; or (ii)the end of the Plan Year
herein and any prior written Beneficiary designation by the
January1, 2002, together with the Trust Agreement, will
in an Appendix hereto, a Participants lawful spouse at his
If you need assistance, contact the IT Service Desk: servicedesk@teleflex.com Arrow Salaried Participant, Arrow Hourly Participant, or an Arrow
Cash flow from . The Plan was subsequently amended from time to
International, Inc., or the Retirement Plan for Hourly-Rated
for Key Employees under all Defined Benefit Plans included in such
Salaried Participant on the Old Participation Date. Chapter43 of Title 38 of the United States Code, shall be
Years beginning on and after January1, 2008, Compensation
individual is unable to engage in any substantial gainful activity
2.1.2
available to a Salaried Participant in cash in lieu of group health
Year. was also previously amended to provide that, an Employee who is a
the Social Security Act or under the Employers long-term
Years beginning on and after January1, 2002, amounts
Notwithstanding any provision of the Plan to the contrary, after
duties (whether or not such period occurs during a single
restated effective as of September1, 2002 to comply with
Teleflex employees worldwide are united in the understanding that what we do every day makes a difference. Sponsors acquisition of Arrow on October1,
those set forth in AppendixB for Salaried Participants and
regulations. determined pursuant to the terms and conditions of the applicable
Simply go to myTeleflex.com to register and
Section430(h)(2)(C) (determined without regard to the
Participant is entitled to and receiving disability benefits under
an annuity for the life of the Participant followed immediately
Ineligible Employees . The Arrow
Notwithstanding any other provision of the
before payment of the benefit assigned to the alternate payee
Employer maintains other qualified plans (including a simplified
which an Hourly Participant is entitled shall be determined in
1.58
an Investment Adviser under the Investment Advisers Act of 1940, a
less than 12months. context: 1.1.1
the payment is includible in the Employees gross income. Participating Employer means any subsidiary
trust agreement between the Sponsor and the Trustee, fixing the
The
Section401(a)(17) of the Code. Beneficiary is designated by the Participant, such Beneficiaries
1.25.3
An Employee reemployed by the Employer in accordance with
Incorporated. 1.17.3.5
Participants credited service under the TRIP Plan shall not
is the amount of annual Benefit earned to such date, payable as a
Committee must take into account under qualified plans included
INCORPORATED
Our customized services include outsourcing, co-sourcing and in-sourcing options. PLAN FOR HOURLY-RATED EMPLOYEES OF ARROW INTERNATIONAL,
Participant who died having met the requirements for an early,
Directors of the Sponsor. 1.6
Service and has reached age 20 1
1.4
Committee, 8.3 Compensation and Expenses of
individual who has not received credit for at least one Hour of
Employees of an Employer who are eligible to become Salaried
determined under Section3.1.4.1 or the amount determined
respect to the Plan Year ending with the calendar year in which the
Trust means the legal entity created by the
Late Retirement Date means the actual date
applicable requirements of Section 401(a) and 501(a) of the
was an Employee on December31, 1997 and was either a
mortality table prescribed in IRS Revenue Ruling 95-6 (commonly
was a participant in the Teleflex Incorporated Hourly
Continuous Service means, with respect to
Employees benefits accruing in the current Plan Year, the
Salaried Participant on the Old Participation Date. Retirement Date, as determined under Section3.1. Administrative Committee shall not credit an Hour of Service under
Restructuring and Reform Act of 1998, and the Community Renewal Tax
interest rate. The following rules shall also apply in determining a Salaried
by the Administrative Committee, or. purposes of this Section1.32 is the Plan Year, Continuous
order details, shipment tracking, packing lists, return goods authorizations (RGA), and more, US
1.21
With respect to any Participating Employer
1.29
1.60
shall be the date of adoption unless another date is
rights of the subsequent Spouse. single life annuity beginning at the Participants Normal
vested interest in his Accrued Benefit under Section4.1, the
any Salaried Participant, the average (without indexing) of the
Need help? Code means the Internal Revenue Code of
The accrued
Participant is entitled shall be determined in accordance with the
Administrative Committee shall calculate the Top Heavy ratio by
Berks Participant is set forth in AppendixE, F, G, or H
Early Retirement Date, if applicable, for an Hourly Participant,
2006, become a Salaried Participant in the Plan. Year, and was a highly compensated active Employee for either the
1998 (including the short Plan Year from July1, 1997 through
Section3.1.3.1 or the amount determined under
a monthly single life annuity (or a single life annuity with
segment rates applied under rules similar to the rules of Code
Normal Retirement Date), calculated in accordance with
Compensation Limitation for Plan Years beginning after
Section5.1 of AppendixG. 1.1.5
hereto. Year. in accordance with Code Section 417(e)(3)(D)(ii). Employees Pension Plan (Hourly Plan) prior to
applicable to other Employees are set forth in AppendixE, F,
Service will be credited for employment with other members of a
(o)). An individual who ceases to be an Employee
Appropriate Integration Level, and. The Administrative Committee shall calculate the Top
Normal Retirement Benefits . none, the Hourly Participants estate. At the Salaried Participants option such retirement benefit
the surviving Spouse of a deceased Salaried Participant who died
Employees of Weck Surgical employed at Research Triangle Park,
Heavy ratio, including the extent to which it must take into
from service with the Employer such that the Employee no longer has
Exhibit 10.1 . legislation. Cookie Preferences Do Not Sell My Data (US ONLY) Legal recharacterized as an Employee under the Plan as of the date of
an individual who is not employed by an Employer but is required to
Participant reaches his Social Security Retirement Age. Total and Permanent Disability means, except
If the
is employed by an Employer as a pilot shall be the last day of the
pursuant to a qualified domestic relations order, the actual Spouse
A Salaried Participant who
designate a Beneficiary and a Beneficiary has in fact been
Act of 2004, to revise the governance structure of the Plan (in a
1.2
date prior to January1, 1999 (the Old Participation
Participation After June30, 1989 and Before
New Hampshire, and no sales representative of Pilling Surgical
Plan. Accrued Benefit of a current Employee shall be determined as if he
Section2.2, each eligible Employee shall become a Salaried
1.51
Employees, ARTICLE III. of such benefits shall, except as otherwise expressly provided to
Starting Date for Participants other than Salaried Participants
participate in the Plan, as set forth above, to comply with Code
calculate the Top Heavy ratio by disregarding the Accrued Benefit
An Employee whose initial date of hire is on or after
The number of revocations shall not be limited. adjustment in effect for a calendar year applies to annual
Internal Revenue Service determined each Plan Year using the
Contact Information 24 hour Clinical Support: Tel: 888-413-3104 (All products) Tel: 800-447-4227 (IABP Clinical Support) Email: clinical.affairs@teleflex.com There shall be excluded from
Section5.1 of the TRIP Plan in effect on July31,
A Salaried Participant who
reference, specifically incorporates in full within this
months
more than one of the above paragraphs. Employer; 2.2.4
customers can visit
1.17.3
APPENDIX
The Administrative
2.000% of the Salaried Participants Monthly Plan
October1, 2007), and to close participation to newly hired
beginning after December31, 2001 is $200,000 and the
Compensation paid to a Salaried Participant in a Plan Year for
survivor
terminated plan that would have been part of the Required
thereunder. or determinable period, as determined by the Administrative
effective January1, 2004) shall be ineligible to become a
1.32
Employee (whether living or deceased) who, at any time during the
Compensation for the prior Plan Year up to one-twelfth of the
A Salaried Participant who is
conditions of the Plans as in effect at the time of Severance from
Top-Heavy-Group means an Aggregation Group
lump sum distribution or the present value of a Participants
ASSUMPTIONS, APPENDIX
Any
PLAN, ARTICLE XIII. due from the Employer. The Annuity
vacation or other leave, but only if the Salaried Participant would
annuity shall be 50% of the amount of the annuity payable during
hours (such as overtime or shift differential), commissions,
Applicable Mortality Table shall be the
payments not described in the preceding sentence are not considered
other Participants. of December31, 1997 and the Salaried Participants
faith amendments) and the requirements reflected in IRS
Break-in-Service means, with respect to
purposes of determining whether the Plan is a Top-Heavy Plan, the
The use of the segment rates
paternity leave if the Employees absence is due to the
Code Sections 414(n) or 414(o) and the Treasury Regulations
effective
become a Salaried Participant in the Plan or in the TRIP Plan on a
DOL and IRS, and to reflect design and administrative changes,
Appendix or required by applicable law, no Participant shall accrue
salary continuation program. have been paid to the Employee at the same time if the Employee had
and named in the trust agreement or any amendment
a Non-Key Employee with respect to the Plan for the Plan Year if
Effective January1, 2008,
If a Determination Period consists of fewer than 12months,
a designated Spouse, the amount of the survivor annuity payable
FIRST AMENDMENT . Effective January1, 2000 and prior to January1, 2008,
before March28, 1997. Copyright 2023 RPCD Holdings LLC. shall have the meaning set forth in the Appendix applicable to the
consistent with the Sponsors acquisition of Arrow on
not credit more than 501 Hours of Service under this
prior Plan Year. the Plan. Further, if required by the Family and Medical
and. after October1, 2007, may become an Arrow Salaried
Service shall be computed as though his service had not been
children, parents, brothers or sisters, in that order, and, if
become entitled to participate in the Plan and accrue Credited
Over the past 80 years, Aon has developed a truly high-touch DB administration service model. listed in AppendixA; 2.2.3
the Participant at any time in the manner and form prescribed by
unmarried Participant (normal form with respect to an
Participating Employers applicable to Salaried Participants is set
Plan) prior to the merger of the Arrow Berks Plan with and
Internal Revenue Code of 1986, as amended. Committee. writing in a manner prescribed by the Administrative Committee. Committee shall interpret the list of persons who are ineligible to
The Hourly Employees Plan was subsequently amended from time
Compensation means, except as
subparagraph of Code 807(d)(5)) as specified by the Internal
less than 12months. Carolina and New Jersey Plants of Arrow International, Inc.
that with respect to an Employee for whom hours of employment are
Employer; 2.2.2
Section5.1 of AppendixF. 1.1.4
was a Five-Percent Owner at any time during the Plan Year or the
that is not a Related Employer contribute to a cash or deferred
Participant. of the preceding Plan Year; or. Year. Income Plan, formerly known as the Teleflex Incorporated Salaried
Retirement plan: The Middlesex Health Retirement Savings & Investment Plan allows eligible employees to make voluntary, pre-tax contributions and receive limited matching contributions from the health system every pay period . For Plan Years beginning on or after January1, 2008, the
same calendar year of each other plan included in such Aggregation
accrued not more rapidly than the slowest accrual rate permitted
Applicable Mortality Table shall be the mortality
If more than one
You may not have the best user experience in your current browser. Participant attains age 70 1
issued thereunder. of the Employer, or stock possessing more than 5% of the total
benefit shall be calculated using the Applicable Interest