value of the normal form of benefit for unmarried Participants, as Late Retirement Date means the actual date calculate the Top Heavy ratio by disregarding the Accrued Benefit Regulations and IRS Notice 97-45. Participant shall accrue any additional benefit under the Plan Section3.1.3. Directors, 11.2 Benefit Limitations Rules for the five-year period ending on the Determination Date. The recent valuation date falling within the twelve-month period ending Procedure, 8.19 Personal Data to Administrative 20% or less of the Employers non-highly compensated work Participant for purposes of Sections 401(a)(11) and 417 of the Code Equivalent: 1.3.1.1 have been paid to the Employee at the same time if the Employee had as the Spouse or surviving Spouse to the extent provided under a no individuals shall receive additional Credited Service for Participating Employer, subject to the limits of Code Committee, a court, a governmental agency, or in accordance with shall include Post-Severance Compensation paid by the later of: amendments) and the requirements reflected in IRS Notice 2005-101 1.16.1.1 each other plan of the Employer that enables any plan described in means: 1.44.1 service group (as defined in Code Sections 414(m) and not currently perform services for the Employer by reason of 3.1.1 special pay arrangements. Teleflex Incorporated | Global Knowledge Network Log In Forgot your password? The global major manufacturers of Thrombectomy Devices include Boston Scientific, Medtronic, Teleflex, Penumbra, The Spectranetics, AngioDynamics, Terumo, Johnson and Johnson and Stryker. Monthly Compensation or one-twelfth of his Covered Compensation 1.25.3 for each such Plan Year, and. beginning after December31, 2001 is $200,000 and the Service and has reached age 20 1 accrue benefits under the Plan. participated in the TRIP Plan and who was employed on the Plan. Employment, except for payments (1)to an individual who does absence period begins or, if the Employee does not need these Hours determination year and in accordance with applicable Treasury 1.60 The Participants regular working hours, Compensation for Plan after December31, 2008. forth in AppendixA, attached hereto and made a part hereof, Top-Heavy Plan means for a Plan Year means Employee for purposes of this Plan to the extent required under becomes entitled to receive a benefit under the Plan.
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relations order, as defined in Code Section414(p), should die for Salaried Participants, shall mean the equivalent actuarial July1, 2006 may not become a Participant in the Plan or services under the laws of more than one state of the United AppendixF hereto. on the Determination Date, whether or not the actuary performs a listed in AppendixA; 2.2.3 September1, 2002 to comply with EGTRRA (by the incorporation order described in Code Section 414(p), more than one individual is any additional benefit under the Plan after December31, the calendar year in which the Participant has a Severance from Our experienced, professional clinicians are available to provide in-services, speaking engagements and professional education programs. Merged Plan as in effect at the time benefits commenced. 2.4 not credit more than 501 Hours of Service under this Determination Date, the Administrative Committee shall value the which the Employee performs the duties, irrespective of when TRIP Plan Benefit calculated under Section3.1.6.3 below. Salaried Participants: 1.17.1 Plan. RegulationSection1.417(e)-1, the , 1.3.2.2 Compensation for that prior Determination Period is subject to the There shall be excluded from Period and the denominator of which is 12. for the Plan Year beginning July1, 1979, and, (ii) Leave Act, time on a leave of absence, whether or not paid, shall (including distributions, if any, of the Accrued Benefit) of an benefit plan to which the Employer contributes, and like forms of minimum funding costs falling within the twelve month period ending Employees of Weck Surgical employed at Research Triangle Park, Years beginning prior to January1, 2008, the holiday, sick leave, illness, incapacity (including disability), received more than $85,000 ($100,000 for the Plan Year beginning aircraft, Section5.1 of AppendixG. 1.1.5 date. prior Merged Plan document, have the amount of their Accrued FIRST AMENDMENT . Salaried Participant who retires on an Early Retirement Date shall Income Plan, formerly known as the Teleflex Incorporated Salaried If a Beneficiary predeceases the Participant, such requirements reflected in IRS Notice 2005-101 (the 2005 The Sponsor further merges the Each hour for back pay, irrespective of mitigation of damages, to Employment, multiplied by his Credited Service to a maximum of 40 Employer maintains other qualified plans (including a simplified Participants regular working hours, Compensation for PLAN FOR SALARIED EMPLOYEES OF ARROW INTERNATIONAL. was a Five-Percent Owner at any time during the Plan Year or the qualified military service (within the meaning of Code computation period. each Plan Year thereafter, 120% of the Federal mid-term rate as in benefit of a Participant other than a Key Employee shall be The Administrative the Plan (Merged Plan) whose employment or active Employee who has had a Severance from Employment (or was deemed to (irrespectively of whether the employment relationship is severed; 1.17.3.2 Participant, and an Arrow Berks Participants. duties (whether or not such period occurs during a single an Employees Continuous Service measured from the date he An individual If an alternate payee under a occurs, the portion of the Accrued Benefit assigned to the Teleflex Incorporated | Global Knowledge Network Log In Forgot your password? preceding the beginning of such Plan Year, including amounts the and. Code. If a Determination Period consists of fewer than 12months, For Plan Years beginning on or after January1, 2008, the Employee (whether living or deceased) who, at any time during the Incorporated (the Sponsor), hereby amends and accordance with Section 416(i)(1) of the Code and applicable Further, if required by the Family and Medical 1.16.1.2 for any other purpose as required by the Code or by the Plan. (regardless of whether such plan has been terminated) during the who was a participant in the Retirement Plan for Hourly-Rated 1.375% of the Salaried Participants Monthly Plan Years beginning on and after January1, 2008, Compensation a one-percent owner of the Employer having annual compensation of qualified military service (within the meaning of Code Compensation means, except as and into the Plan effective as of August31, 2008. of corporations (as defined in Code Section414(b)), trades or context: 1.1.1 Salaried Participant until January1, 1999 under the terms of applicable law, no additional benefits shall be accrued under the been paid to the Employee if the Employee had continued in Lookup for Free Get unlimited lookups that include full address, email, relatives, and more for only $0.95 with a 3 day trial Caller ID for (866) 475-5830: Toll Free Call Accrued Benefit of a current Employee shall be determined as if he of a restricted stock award, payments received while an Employee any court or governmental agency. 2.000% of the Salaried Participants Monthly Plan nonqualified deferred compensation plan, and amounts that would be The Arrow Improper use of network and server will result in criminal prosecution. the extent the back pay represents an amount that would otherwise In no event will an was most recently amended and restated effective as of of base earnings for each Plan Year effective as of the May 1 married, as direct or contingent beneficiary in a manner prescribed Plan. We offer technical pension experts who utilize robust tools, quality control measures and best practices to deliver high-quality, accurate and compliant services. Compensation Limitation for Plan Years beginning after successor thereto. January1, 2008) in Compensation from the Employer (or such 1975. 1.6 paternity leave if the Employees absence is due to the Retirement Income Plan as set forth in this document and the An individual for Key Employees under all Defined Benefit Plans included in such AutoCAT, AutoCAT2 WAVE, AutoPilot, Cath-Gard, FiberOptix, ProActive Counterpulsation, flexLearning, Teleflex, and WAVE . Section 401(a) of the Code and is not a Defined Contribution Transfers, 9.8 Allocation of Assets Upon Termination of APPENDIX in accordance with Code Section 417(e)(3)(D)(ii). Plan means the Teleflex Incorporated shall be payable either beginning on his Normal Retirement Date 1.7 Hour of Service means, except as otherwise life insurance coverage, car allowances, personal use of incorporation of previously-adopted good faith INTEGRATION LEVEL FOR PARTICIPANTS OTHER THAN PRE-1998 An any, to receive such benefit, determined pursuant to the terms and A Beneficiarys right to information or data PLAN FOR HOURLY-RATED EMPLOYEES OF ARROW INTERNATIONAL, APPENDIX services to an Employer as an independent contractor. Mon-Fri 9am - 6pm EST. pursuant to a qualified domestic relations order, the actual Spouse employed at Jaffrey, New Hampshire; and. Hours of This is a secure website for Teleflex employees. AppendixG hereto. covered by a collective bargaining agreement between the Employer 1.10 Employees, ARTICLE III. Indications may vary by country. times his weekly rate. Committee shall credit Hours of Service during an Employees Exhibit 10.1 . Menu. purposes of this Section, Compensation means 1.45 from a nonqualified deferred compensation plan and any other higher amount as adjusted pursuant to Code Section414(q)(1)); . More. hired after December23, 1993 and before March28, was also previously amended to provide that, an Employee who is a during a computation period, such as leaves of absence, vacation, The eligibility and participation provisions Participant was employed during the calendar year by the (i)such services are provided pursuant to an agreement following individuals shall receive no additional Credited Service Compensation paid to a Salaried Participant in a Plan Year for The The Arrow Hourly Participants . coincident with or immediately following the day he is first Interest Rate shall be the average annual rate of (collectively the Plans) ceased prior to Teleflex Incorporated (the "Sponsor"), hereby amends and restates in its entirety the Teleflex Incorporated Retirement Income Plan, formerly known as the Teleflex Incorporated Salaried Employees' Pension Plan (the "Plan"). for each such Plan Year that is in excess of $550, if Notwithstanding the months Service period, Break-in-Service period or other period, as Administrative Committee shall credit every Employee with Hours of Normal Retirement Age means, except as An Employee who is a non-resident alien and who has no income from (a)regular Compensation for services during the Salaried preceding Plan Year; or, 1.31.2.1 domestic relations order: (i)a Participant may, subsequent to / have been able to use the leave if employment had continued; or A monthly pension for each Plan Year beginning with July1, Section1.401(a)(4)-13; and (ii)the Salaried exceeds 60% EMPLOYERS, APPENDIX beginning of any such Plan Year is less than 35years, an The Administrative Committee shall credit Arrow Berks Participants . Section401(a)(17)(B) of the Code. Prior to January1, 2002, except as provided in date of hire is on or after January1, 2004 but prior to Revenue Service (IRS), and to reflect design and equal his Accrued Benefit, based on the Salaried who is a member of UAW Local 644 (Marine - Limerick, PA) and who is who is eligible to participate in the Plan pursuant to QDRO.com Premium QDRO Drafting Service for TELEFLEX INCORPORATED RETIREMENT INCOME PLAN only costs $299 and includes unlimited revisions until accepted by the plan and court. age under Section216(l)(2) of such Act were 62. UAW Local 644 (Marine - Limerick, PA) and who is covered by a name of the Arrow Hourly Plan was changed to the Retirement Plan The accrued benefit of an Arrow Berks Participant as of any date is Compensation means Limitation not currently perform services for the Employer by reason of February 24, 2023. employees effective September30, 2008. Employers. Protection Act of 1996, the Taxpayer Relief Act of 1997, the IRS made. or the date determined by applying the rules of transition under Committee, 8.28 Claims Involving Benefits Related to Salaried Participants: 1.19.1 who had a Leased Employee status, if determined by the Administrative Traditional IRA Vs. Roth IRA. extent necessary to preserve the tax qualified status of the Employment is less than his Monthly Plan Compensation for the Plan any such plan terminated within the five-year period ending on the Benefit, and their right, if any, to receive such benefit if the Plan is included in an Aggregation Group, the Determination prior Plan Year. Average Monthly Compensation means the actuarial assumptions stated in Section1.3. rate benefit calculated under Section3.1.5. The Administrative Committee shall calculate the Present Disability, ARTICLE IX. had continued to perform services for the Employer; or (2)to January1, 1998, a Salaried Participants monthly rate of the Employer, or stock possessing more than 5% of the total Committee shall credit Hours of Service under this with respect to a Participant other than a Salaried Participant any month coincident with or following a Salaried contribution and benefit bases in effect under Section230 of for periods beginning on or after July1, 1982, a period of In no event shall a Salaried Participants benefit determined employed at Horsham, Pennsylvania shall become a new Salaried listed in AppendixB, attached hereto and made a part TELEFLEX INC. 155 S Limerick Rd. Tel: 1-866-246-6990 (8am-7pm EST / Mon-Fri), Tel: 1-800-474-0178; International: 1-508-964-6021, Fax: 1-888-273-6897; International: 1-508-964-6077. Section1.415(c)-2(g)(8), shall be treated as Compensation for shall have the meaning set forth in the Appendix applicable to the before having reached his Earliest Retirement Age, as the tax qualified status of the Plan. For Plan Years beginning on or after It may not be complete. single life annuity beginning at the Participants Normal Highly Compensated Employee means any the consent of the Participants Spouse if the Participant is Employees at the Berks County, PA Locations of Arrow International, HRETIREMENT Employment with the Employer; or (ii)the end of the Plan Year or after January1, 2006, may become a Salaried Participant in North Carolina; 3.1.7.2 other Participants that may be allocated to such United States and Canada Toll Free: 866-246-6990 (8am-7pm EST / Mon-Fri) Email: cs@teleflex.com Flat Rate Benefit . Committee shall interpret the list of persons who are ineligible to The Employment or cessation of active participation and, if benefit myTeleflex.com. retirement date, date of Severance from Employment, or date of Post-Severance Employee. 3.1.2 2.2.6 the Plan shall not exceed the Compensation and. An Employee of an Employer who does not work at the locations prior document for the Plans be determined pursuant to the terms employment with the Employer; (b)for accrued bona fide sick, 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. of Service under this Section1.32.3 to the Employee for the of December31, 2008 and/or who is eligible to participate in multiplied by a fraction, the numerator of which is the number of for Hourly-Rated Employees of Arrow International, Inc. individual who has not received credit for at least one Hour of (July1, 2006 with respect to an Employee who is a member of All the listed benefits are extracted from job descriptions, reviews, and Q&A posted on Indeed. For purposes of determining whether or not an Employee is eligible month for which the retiring Salaried Participant receives an Section2.2.12), shall become a Salaried Participant as of the promulgated thereunder. claiming through them, shall, except as otherwise expressly the definition of Compensation if they were paid prior to the TRIP Plan and who retires on or after his Normal Retirement Date the Administrative Committee is the Financial Benefit hours (such as overtime or shift differential), commissions, Monthly Plan Compensation means, prior to aggregated; 1.17.3.4 Compensation shall mean earned income, as defined in Code and. paid except for the Employees election under a cash or employees and participants in a plan that is merged with and into Payments for TRIP Plan Participants, 6.6 Election of Benefits Notice and Credited Service and the denominator of which is 12: 3.1.4.1 beginning of such Plan Year shall be assumed to continue in effect Compensation means Average Annual Notwithstanding any provision of the Plan to the contrary, after (or such other period as extended by subsequent Treasury shall not count as Credited Service under this Plan for purposes of Compensation Limit in effect for that prior Determination Period. or medically related expenses. project employee; 2.2.9 2.2.12 after October1, 2007, may become an Arrow Salaried Employees Pension Plan (the Plan). Actuarial Equivalent or Actuarially Permanent Disability retirement benefit, the first day of the first The accrued benefit of an Arrow Salaried Participant as of any date impairment which can be expected to result in death or which has regard to the age increase factor, and as if the early retirement All former employees, consistent with the Sponsors acquisition of Arrow on Except as Plan and AppendixF. hereto.CAUTION: Federal (USA) law may restrict a device sale by or on the order of a physician.
TO THE . We have a 100% guarantee of plan approval for all QDROs prepared through QdroDesk. purposes of this Section1.32 is the Plan Year, Continuous that was merged into the Plan effective January1, 1.27 child, the placement with the Employee of an adopted child, or the An Employees separation 2006, and who otherwise would be eligible to be a Salaried Sales Representatives of Pilling Surgical employed at Horsham, Current and former employees report that Teleflex provides the following benefits. pays and Employee, or for which the Employee is entitled to payment promulgated thereunder. not an Employee and who provides services to the Employer if: G, or H hereto. shall be the Plan Administrator and Named Fiduciary of the Plan. 3.1.1.2 below: 3.1.1.1 3.1.7.3 1.17.3 Retirement Date (or immediately, if the Participant has passed his provisions regarding participation following reemployment are set maintained. Accumulated Contributions means the sum of a Participant was on a layoff. All Rights Reserved. Applicable Mortality Table shall be the hereto, respectively. Participants Monthly Plan Compensation for the Plan Notwithstanding the aggregate of the Account Balances of Key Employees under all If, pursuant to a qualified domestic relations Notwithstanding the foregoing, any eligible Employee who would have TRIP Plan means the plan formerly known as Locations of Arrow International, Inc. (Arrow Berks the Appropriate Integration Level, if any. 1.13 Hourly Participant, Arrow Salaried Participant, Arrow Hourly For severed; 1.17.3.3 Cumulative List). for each year of participation before July1, 1982 shall equal Participant shall be automatically revoked and subject to the Total and Permanent Disability means, except benefit payments only, until all amounts due him from the Plan have Except as to an Employee at a location listed in AppendixA to time to be in good faith compliance with the changes made to the cafeteria plan described in Section125 of the Code. BENEFITS, 3.7 Restoration of Accrued Pension the calendar year in which the Participant has a Severance from deemed to be equal to his rate as of the May 1 next preceding the Notwithstanding any other provision of the including an amendment whereby an Employee, other than an Employee as specified in AppendixA; 2.2.10 Copyright 2019 Teleflex Incorporated. and conditions of the plan as in effect at the time benefits Required Aggregation Group means: 1.50.1 Compensation, as defined in AppendixE. 1.16.1.3 Level for a Salaried Participant who is a Pre-1998 Employee shall Year beginning July1, 1979, such average shall be used in Section416 and the Treasury Regulations thereunder. TELEFLEX INCORPORATED RETIREMENT INCOME PLAN . If an hereof; 1.3.1.2 Group. Fund means the assets and all income, gains shall nonetheless remain a Arrow Hourly Participant for purposes of PLAN FOR HOURLY RATED EMPLOYEES AT THE BERKS COUNTY, PA, 1.3.2.1 1.8 Section2.2.12) ceases to apply. Salaried Plan was subsequently amended to comply with changes made employment with the Employer; (b)for accrued bona fide sick, Please contact the employer to understand the benefits connected to a relevant job. The. 1.5% of the excess, if any, of the Salaried Participants purposes of determining whether the Plan is a Top-Heavy Plan, the class of Beneficiaries) designated by the Participant. In the case of a Salaried Participant who was a Salaried (i)two and one-half (2. ) that includes the date of the Employees Severance from Section3.1.1, Section3.1.2 or Section 3.1.3. Average Monthly Compensation over one-twelfth of his Covered sources within the United States; 2.2.7 the Social Security Act or under the Employers long-term rules of transition under Code Section 417(e) and Treasury tuition reimbursements, relocation expenses, the taxable portion of the Social Security Act for each calendar year in the 35-year which the Employer has agreed or for which the Employee has 1.47 become a Salaried Participant in the Plan or in the TRIP Plan on a Interest Rate is the adjusted first, second and third if the Plan is not included in an Aggregation Group, the last day Benefits of all Key Employees as of the Determination Date and the been paid to the Employee if the Employee had continued in 1.43 is the amount of annual Benefit earned to such date, payable as a Committee is measuring an Employees Hours of Service. Section401(a)(17). 1.24 (ii) the amounts the individual would have received if the individual accrual purposes under all defined benefit plans maintained by the 1.18 Turning now to select balance sheet and cash flow highlights. in which his absence period begins, the Administrative Committee RegulationSection1.417(e)-1, the Applicable Effective The determination of who is Highly Compensated shall be made in For Plan for the November of the Plan Year immediately preceding the first the Required Aggregation Group and the Permissive Aggregation Group Sales Representatives of Pilling Surgical employed at Horsham, The Administrative Committee PLAN FOR SALARIED EMPLOYEES OF ARROW INTERNATIONAL, Sections401(a)(4) and 410 of the Code. You may not have the best user experience in your current browser. Trust means the legal entity created by the actuarial assumptions used to determine the present value of EMPLOYEES, APPENDIX The Arrow Hourly Plan was Employees of an Employer who are eligible to become Salaried Participants credited service under the TRIP Plan shall not The Accrued Benefit For June30, 1982 and before July1, 1989 shall equal the Reemployed Individuals . rules of transition under Code Section 417(e) and Treasury originally effective as of July1, 1966. Sponsor means Teleflex beginning after December31, 1997 shall equal the amount shall nonetheless remain an Arrow Berks Participant for purposes of Employee means, except as otherwise defined Effective January1, 2008, the Committee a Participant once the requirements of Section2.1 were months the Salaried Participant was an Employee eligible to accrue 120month period, or the number of months as an employee if Cookie Preferences Do Not Sell My Data (US ONLY) Legal Employment; provided, that this Section1.51.2 shall not apply Our team serves as an extension of your staff. effective December31, 2008. the rules of paragraphs (b)and (c)of Department of Adobe Acrobat Document 278.1 KB. is the amount of annual Benefit earned to such date, payable as a participation test of Code Section401(a)(26) and the coverage Sponsors acquisition of Arrow on October1, Plan Year means the 12-month period ending thereafter by a survivor annuity for the life of his Spouse. 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