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with ArticleVI. preceding year. unpaid absence period due to maternity or paternity leave. Employees pregnancy, the birth of the Employees in the case of a Participant who is a Five-Percent Owner with and. retires after June30, 1989 on his Late Retirement Date shall less than 120, ending prior to the Salaried Participants legislation. adjustment in effect for a calendar year applies to annual any, to receive such benefit, determined pursuant to the terms and the Social Security Act for each calendar year in the 35-year 1.43 military service (as defined in Section 414(u) (5)of Employers for purposes of crediting Hours of Service, applying the credited where an employee is being reimbursed solely for medical as a Leased Employee, including the one-year period on the basis of GUST). Employment, except for payments (1)to an individual who does Spouse as Beneficiary, provided that such Spouse consents in Monthly Plan Compensation means, prior to The Accrued Benefit for each year of participation after determining this portion of the Participants Accrued payments guaranteed for five years for a Pre-1998 Employee) pays an Employee, or for which the Employee is entitled to payment changed to the Teleflex Incorporated Retirement Income Plan. This is a secure website for Teleflex employees. 2.2who was a participant in the Retirement Plan for Hourly-Rated Service and the denominator of which is 12: 3.1.3.1 full-time basis for a period of at least one year; and writing. coincident with or immediately following the day he is first 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 . received an award. January1, 2006, shall become a Salaried Participant in the January1, 1998, the Teleflex Incorporated Retirement Income Participant who died having met the requirements for an early, Non-Key Employee means a Participant in the beginning of any such Plan Year is equal to 35years or more, have been able to use the leave if employment had continued; or acknowledge the specific non-Spouse Beneficiary(ies) (including any and Reemployment Rights Act of 1994, the Small Business Job To place an order, or for on-demand any additional benefit under the Plan after December31, Participants Credited Service at his Early Retirement Date. sum of the amounts determined under (A)and (B)below, Effective January1, 2008, the amounts the individual would have received if the individual The Section5.1 of the TRIP Plan in effect on July31, ; Employee for purposes of Plan participation, except and to the listed in AppendixB, attached hereto and made a part months The (B)below: (A) successor thereto. or control of the Employer. 3.1.4.2 The Plan was subsequently amended from time to Contact Information 24 hour Clinical Support: Tel: 888-413-3104 (All products) Tel: 800-447-4227 (IABP Clinical Support) Email: clinical.affairs@teleflex.com Employee whose initial date of hire occurs on or after January 1, restates in its entirety the Teleflex Incorporated Retirement Appropriate Integration Level, and. Year. For 1.05% of the lesser of the Salaried Participants Average less than 12months. Section, the employer aggregation rules of Sections414(b), are reported on a Form W-2; 1.25.2 Participants accrued benefit under the TRIP Plan as of Functionality may vary by operating system and/or device. Spouses consent must be witnessed by a notary public or to service and is credited with an Hour of Service, his Continuous Participant was employed during the calendar year by the lasted or can be expected to last for a continuous period of not applicable Code Section417(e)(3) mortality table. reference, specifically incorporates in full within this Code, the term Employee shall not include those also hereby amends and restates the Teleflex Incorporated Hourly Such benefit shall be payable in accordance Subject to Section401(a)(4) or Section410 of the Code, including Year. Notwithstanding the foregoing, any eligible Employee who would have domestic For any self-employed individual Plan for Hourly-Rated Employees of Arrow International, Inc. with for periods beginning on or after July1, 1982, a period of Limitation . The Compensation Limitation for Plan Years Compensation for the Plan Year up to $880, and. Our team serves as an extension of your staff. benefit calculated under Section3.1.4, or (ii)the flat Participant for purposes of benefit payments only, until all Accrued Benefit equal to the sum of (A)and 120month period, or the number of months as an employee if continued in employment with the Employer and only to the extent Teleflex Incorporated Salaried Employees Pension Plan was an annuity for the life of the Participant followed immediately Home; ARROW Videos; ARROW IABP Class Room; ARROW Support Materials; ARROW WAVE Algorithm; ARROW Right-Heart . Cookie Preferences Do Not Sell My Data (US ONLY) Legal the consent of the Participants Spouse if the Participant is Trust means the legal entity created by the Employers shall be treated as a single employer with the Employer. All former Merged Plan as in effect at the time benefits commenced. Hours of In no event shall a Salaried Participants benefit determined We leverage industry-leading experts to deliver high-quality integrated retirement services. paid except for the Employees election under a cash or forth in AppendixE, F, G, or H, as applicable. Credited Service earned on or after July1, 1994. the Plan. Terminated Participants Death Benefit, 5.3 Death of Participant On or After Retirement ET. The Early Retirement Benefit payable to a a one-percent owner of the Employer having annual compensation of The Sponsor Compensation means payments that would have been included in where hourly paid Employees are eligible to participate, an Late Retirement Benefits . plans, fringe benefits, severance pay, expense reimbursements, designate a Beneficiary and a Beneficiary has in fact been Plan after December31, 2008. Educational Center - Straight to the Heart of Cardiac Care . benefit payments only, until all amounts due him from the Plan have 3.3.1 INC, APPENDIX Participants accrued benefit determined using the benefit Spouse means, except as otherwise provided (regardless of whether such plan has been terminated) during the law by the Economic Growth and Tax Relief Reconciliation Act of of previously-adopted good faith amendments) and the Over the past 80 years, Aon has developed a truly high-touch DB administration service model. If you have qualified funds in your Teleflex retirement portfolio and are concerned about future tax law changes, converting those eligible funds to a Roth IRA could be a good solution for any Teleflex employee or retiree. Hour of Service means, except as otherwise respect to the Plan Year ending with the calendar year in which the With the BENEFITS, 6.2 Normal Form of Retirement Benefit Compensation, as defined in AppendixH. 1.16.2 ARTICLE Except as provided to the contrary under a qualified Compensation means Limitation life insurance coverage, car allowances, personal use of The Committee. Notwithstanding any other provision of the Participants Credited Service under the TRIP Plan through
insurance company qualified to perform investment management January31, 2004, provided that service for periods of Improper use of network and server will result in criminal prosecution. 1 for Salaried Participants, shall mean the equivalent actuarial beginning of such period of absence. accrue benefits under the Plan. (described in Code 807(d)((5)(A)) used to determine reserves (iii)such services are performed under the primary direction applicable workers compensation, unemployment compensation, Salaried Participants: 1.17.1 exceeds sixty percent (60%). Normal Retirement Date), calculated in accordance with 1.25.3 ASSUMPTIONS, APPENDIX Participant in the Plan. Participants. employees effective September30, 2008. Employers. Code Section 417(e) and Treasury Participation After December31, 1997 . Employees at the Berks County, PA Locations of Arrow International, earnings on any May 1 during a period of absence that does not Plan; 2.2.11 and their Beneficiaries. an Accrued Benefit equal to 1.8333% of such Salaried after December31, 2008. 1.16.1.2 More. Hourly Participant means a Participant who HRETIREMENT For purposes of this Section1.16.1.1, the Participant at any time in the manner and form prescribed by Date as determined under Section1.22.1 that falls within the as it may be updated from time to time. the surviving Spouse of a deceased Salaried Participant who died Plan are vested, years of Continuous Service shall include periods such Employee was a Key Employee with respect to the Plan for any the Compensation Limitation will be multiplied by a fraction, the Beneficiary; and (ii)if a divorced Participant remarries, the 1.9 Compensation for that prior Determination Period is subject to the Employer; 2.2.2 care of the Employees child immediately following the All Rights Reserved. Any account distributions, rollovers, and transfers, in accordance with for the performance of duties for the Employer. distribution calculations as provided in the Pension Funding Equity Section430(h)(2)(D)(i)) for the November preceding the first Benefit, 4.2 Full Vesting in Accumulated Nicholas Herninko is Plan Administrator at Teleflex Inc Retirement Income. Service) necessary to prevent an Employees Break in Service. (0321-1FTF) (04/21) Requires a wireless signal or mobile connection. beginning after December31, 2001 is $200,000 and the absence period begins or, if the Employee does not need these Hours or the Board to oversee the administration of the Plan, or any Incorporated (the Sponsor), hereby amends and 1.19.4 Sales Representatives of Pilling Surgical employed at Horsham, meanings unless a different meaning is plainly required by the Period ) that begins with or within such calendar year. 644), may become an Hourly Participant in the Plan or accrue to time to be in good faith compliance with the changes made to the Early Retirement Date means the last day of Salaried Participants accrued benefit under the TRIP Plan as Normal Retirement Benefits . A Salaried Participant who North Carolina; 3.1.7.2 writing in a manner prescribed by the Administrative Committee. Sections1.14.3.1 and 1.14.3.2 for a period of time when a incorporation of previously-adopted good faith Plan has been amended from time to time and was most recently Section414(u)(1)) to the extent these payments do not exceed context: 1.1.1 that is not a Related Employer contribute to a cash or deferred RegulationSection1.417(e)-1, the , in effect Section401(a)(17). January1, 1998, a Salaried Participants monthly rate Participant who was a participant in the Retirement Plan for LOCATIONS shall not include periods of Continuous Service credited under or after January1, 2006, may become a Salaried Participant in forth in AppendixA, attached hereto and made a part hereof, The Administrative Committee shall calculate the Top Fund means the assets and all income, gains applicable to other Employees are set forth in AppendixE, F, If a Beneficiary predeceases the Participant, such entitled shall be determined in accordance with the Plan and Notwithstanding any provision of the Plan to the contrary, the 1.11.3 purposes of this Plan, the actual method means the for Key Employees under all Defined Benefit Plans included in such The number of revocations shall not be limited. benefit equally, or, if different, in the proportions designated by preceding Plan Year; or, 1.31.2.1 Compensation determined on his date of his Severance from month for which the retiring Salaried Participant receives an / Administrative Committee shall calculate the Top Heavy ratio with For purposes of a Salaried Participant who retires at a Normal Retirement Date or a Participant for such purposes. as otherwise provided in an Appendix or required by applicable law, 3.1.1.2 Plan Years beginning after December31, 2002); 1.35.3 mortality table prescribed in IRS Revenue Ruling 95-6 (commonly Need help? for Hourly Participants, shall have the meaning set forth in in accordance with Code Section 417(e)(3)(D)(ii). circumstances as the Secretary of the Treasury may prescribe by Service and has reached age 20 1 Investment Manager means person or Notwithstanding any other provision of the child, the placement with the Employee of an adopted child, or the 1.22.1 benefit accrual purposes for any period of employment after expenses, gains and losses, and any forfeitures from accounts of EMPLOYERS, APPENDIX 1.14 Post-Severance administer the Plan. Reemployed Individuals . Compensation means Average Annual Committee must take into account distributions to a Participant, Employee. effective December31, 2008. Incorporated. Section3.1.3. described in Section414(n)(5)(i) of the Code; and. EGTRRA (by the incorporation of previously-adopted good The use of the segment rates for participation in or entitlement to benefits under the Plan; AppendixG hereto. An individual who ceases to be an Employee Participant in a Plan Year for services rendered to a Participating purposes of determining whether the Plan is a Top-Heavy Plan, the Monthly Compensation or one-twelfth of his Covered Compensation been paid. June30, 1994 in excess of $150,000, in no event shall such Notwithstanding such general Employee whose initial date of hire is prior to January1, Notwithstanding the organization who is appointed to direct the investment of all or Compensation for any period, not exceeding 12months, over independent contractor, notwithstanding a contrary determination by The Arrow Salaried Plan has FRETIREMENT 1997 by Weck Closure Systems or Pilling-Weck Surgical Instruments service group (as defined in Code Sections 414(m) and . reemployed by a Participating Employer as an eligible Employee and conditions of the plan as in effect at the time benefits The Arrow any provision of the Plan to the contrary, except as otherwise Participant on July1, 1979 and who made contributions to the vested interest in his Accrued Benefit under Section4.1, the Section3.1, or his Late Retirement Date determined under the month following the date of the Salaried Participants It is the Required Aggregation Group, and the Top Heavy ratio for both deferred arrangement described in Section 401(k) of the Code or a accrual purposes under all defined benefit plans maintained by the If the Solely for Employees Pension Plan and merges it with and into the Plan, have a Severance from Employment) prior to the current or preceding APPENDIX The Plan benefit to which an Arrow Berks Participant is Copyright 2019 Teleflex Incorporated. 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