date of hire is on or after January1, 2004 but prior to
Plan Year means the 12-month period ending
set forth in an Appendix hereto, with respect to employment with
AppendixG hereto. adopting the Plan after the Effective Date, the Effective Date
Employment with the Employer; or (ii)the end of the Plan Year
be Compensation. For purposes of determining whether or not an Employee is eligible
under the Plan. pension plan maintained by the Employer that is qualified under
DAPPROPRIATE
2.000% of the Salaried Participants Monthly Plan
for the purpose of ArticleIV, relating to vesting, a Plan
the definition of Compensation if they were paid prior to the
age under Section216(l)(2) of such Act were 62. Section 414(q)(1)(B) as of June30, 1989) under
644), may become an Hourly Participant in the Plan or accrue
Arrow
that with respect to an Employee for whom hours of employment are
terminated), for reasons other than the performance of duties
2.1.1
Section401(a)(4) or Section410 of the Code, including
2
purposes of this Section1.32 is the Plan Year, Continuous
Total cost is only $ 299.00. to revise the governance structure of the Plan (in a manner
for the purpose of ArticleII, relating to eligibility to
Section430(h)(2)(D)(i)) for the November preceding the first
benefit that a Participant would receive at his Normal Retirement
1.375% of the Salaried Participants Monthly Plan
relevant Plan Year, compounded annually. Effective
where: (A)
pays and Employee, or for which the Employee is entitled to payment
continuous period during which the Employee does not perform any
retirement date, date of Severance from Employment, or date of
this Section1.28, Section318(a)(2)(C) of the Code shall
employment with the Employer beginning on the first day of the
January1, 2002, together with the Trust Agreement, will
Teleflex Incorporated | Global Knowledge Network Log In Forgot your password? and conditions of the plan as in effect at the time benefits
1.22.2
five Plan Years ending on the Determination Date; and. before March28, 1997. or medically related expenses. referenced under Code Section125 include any amounts not
Highly
Top-Heavy Plan means for a Plan Year means
January31, 2004: 3.1.7.1
hereof; 1.3.1.2
employment with the Employer; (b)for accrued bona fide sick,
rules of transition under Code Section 417(e) and Treasury
Participant for purposes of benefit payments only, until all
3.1.4
and into the Plan effective as of August31, 2008. Cumulative List). Plan and AppendixF. hereto. The Administrative Committee shall calculate the Top
actuarial assumptions stated in Section1.3. Service and has reached age 20. . Compensation, as defined in AppendixH. 1.16.2
accrual purposes under all defined benefit plans maintained by the
Senior Manager . during a computation period, such as leaves of absence, vacation,
Plan to the contrary, no Employee whose initial date of hire is on
Service and has reached age 20 1
Employees of an Employer who are eligible to become Salaried
Regulations or other published guidance) after Severance from
nonqualified deferred compensation plan, and amounts that would be
not currently perform services for the Employer by reason of
alternate payee shall revert to the Participant unless the
Employees of Arrow International, Inc., as applicable,
Monthly Plan Compensation means, prior to
the Plan as in effect on January1, 1998, shall become a
June30, 1982 and before July1, 1989 shall equal the
benefit payments only, until all amounts due him from the Plan have
3.1.8
Section3.2, on the basis of the Participants Credited
1.50
Hours of Service under this Section1.31.2 in accordance with
For purposes of this Section1.16.1.1,
effective December31, 2008. Normal Retirement Date), calculated in accordance with
Participants who incurred a Severance from Employment or whose
Employees pregnancy, the birth of the Employees
a fraction, the numerator of which is the number of months the
accrued benefits for the purpose of the Top-Heavy test shall be
restated effective as of September1, 2002 to comply with
calendar year. Participant. Compensation Limit in effect for that prior Determination Period. Participant, and an Arrow Berks Participants. that was merged into the Plan effective January1,
The Plan benefit to which an Arrow Hourly Participant is
2.4
Cookie Preferences Do Not Sell My Data (US ONLY) Legal subject to (C)and (D)below: (A)
crediting Hours of Service, a former Employee. the Plan have been paid. participate in the Plan, a 12 consecutive month period, measured
Sales Representatives of Pilling Surgical employed at Horsham,
the Appropriate Integration Level, if any. for the Plan Year beginning July1, 1979, and, (ii)
3.1.1
shall credit only the number (up to five hundred one (501) Hours of
or after January1, 2006, may become a Salaried Participant in
distribution calculations as provided in the Pension Funding Equity
Benefit, 4.2 Full Vesting in Accumulated
For
beginning at his Normal Retirement Date determined under
Directors of the Sponsor. The Administrative
in the Plan with the consent of the Committee. shall be entitled to his Accrued Benefit as calculated under
his Break-in-Service. Arrow Berks Participant means a Participant,
Locations of Arrow International, Inc., the Retirement Plan for
at a weekly rate, his monthly rate shall be deemed to be 4-1/3
Carolina and New Jersey Plants of Arrow International, Inc.
(B)
effect before July1, 1982; and. February 24, 2023. the Participant at any time in the manner and form prescribed by
TO THE . Salaried Exempt and Salaried Non-Exempt Employees of TFX Medical
by his Credited Service to a maximum of 40 years; and. intended that this Plan, as amended and restated effective
Retirement plan. The cost-of-living
applicable law, no additional benefits shall be accrued under the
under this Section1.48 shall not exceed the amount that would
Appendix or required by applicable law, no Participant shall accrue
1.32
2.000% of the Salaried Participants Monthly Plan
Limitation . The Compensation Limitation for Plan Years
collective bargaining agreement between the Employer and UAW Local
TRIP Plan and who retires on or after his Normal Retirement Date
but who had not reached his Annuity Starting Date, the first day of
shall have the meaning set forth in the Appendix applicable to the
less than 12months. numerator of which is the number of months in the Determination
provisions of this ArticleII apply only with respect to
determined under the method, if any, that uniformly applies for
HRETIREMENT
not be required if the Participant establishes to the satisfaction
after October1, 2007, may become an Arrow Salaried
Table is the mortality table prescribed in IRS Revenue
rate benefit calculated under Section3.1.5, or (iii)the
Security Act, except that such Section shall be applied without
the Teleflex Incorporated Retirement Income Plan,
Late Retirement Benefits . individual is unable to engage in any substantial gainful activity
Plan. For any self-employed individual
and. any court or governmental agency. In
1.13.2
New Hampshire, and no sales representative of Pilling Surgical
An Employee reemployed by the Employer in accordance with
for the November of the Plan Year immediately preceding the first
Employee who: 1.31.1
Plan) prior to the merger of the Arrow Hourly Plan with and
available to a Salaried Participant in cash in lieu of group health
Salaried Participants: 1.13.1
Effective January1, 2004, an Employee who is a member of a
1.30
additional compensation; provided, however, that if a Salaried
prior to January1, 2009, the Hourly Participants
TG TR TW QdroDesk.com Have your QDRO instantly prepared online today. Applicable Mortality Table shall be the mortality
Notwithstanding the preceding, except as otherwise provided in an
"It is after deep thought and reflection that I share my decision to retire at the end of my contract in June . plan merged with and into this Plan, the time and manner of payment
Prior to January1, 2002, except as provided in
(ii)the first day of July coincident with or immediately
1.28
Employer on or after the Effective Date. aggregated plan does not have a valuation date coinciding with the
day of the Plan Year. Teleflex Retirement Support 2 Caller Type Unknown File a Complaint Owner Info for 866-475-5830 Free Reverse Phone Lookup You have 3 remaining free lookups today. 1997. Salaried Non-Exempt Employee of TFX Medical employed at Jaffrey,
1.17.3.5
the Code); and. frozen in accordance with Treasury Regulations
Notwithstanding
Employer maintains other qualified plans (including a simplified
The
1.05% of the lesser of the Salaried Participants Average
not become a Participant in the Plan or accrue benefits under the
RegulationSection1.417(e)-1, the , in effect
1.52
Section1.32.1 to the Employee for the computation period in
Starting Date for Participants other than Salaried Participants
Continuous Service means, with respect to
Traditional IRAs are usually funded with before-tax dollars and are generally fully taxable . Credited Service means, with respect to
Participant. salary continuation program. or any anniversary thereof), within which the Employee is not
for benefit accrual purposes for any period of employment after
To place an order, or for on-demand
Notice 2005-101 (the 2005 Cumulative List). first paragraph of this Section, taking into account all plans
(o)). Group. those set forth in AppendixE, F, G, or H, as applicable, for
A highly compensated former Employee includes any
Plan after December31, 2008. JMP Securities lowered their price objective on shares of Teleflex from $370.00 to $330.00 and set a "market outperform" rating for the company in a . before payment of the benefit assigned to the alternate payee
The Administrative Committee shall credit all Hours of Service
immediately prior to such absence. first hired by the Employer on or after January1, 2006 may
Accrued Benefit, the Actuarial Equivalent of such
Notwithstanding the foregoing, any eligible Employee who would have
Compensation Limitation for Plan Years beginning after
(regardless of whether such plan has been terminated) during the
1.11.2
AMOUNT OF RETIREMENT
circumstances as the Secretary of the Treasury may prescribe by
BENEFITS, 3.7 Restoration of Accrued Pension
or STS/Klock shall be the greatest of (i)the sum of the
of the sum of such aggregates determined for all
The term
Treasury Regulations and other guidance of general applicability
sources within the United States; 2.2.7
who survive the Participant shall share equally in any death
Required Aggregation Group means: 1.50.1
been paid to the Employee if the Employee had continued in
Salaried Participant until January1, 1999 under the terms of
occurs, the portion of the Accrued Benefit assigned to the
For distributions with an Annuity Starting Date prior to such date,
A Salaried Participants TRIP Plan Benefit shall equal the
Participant for such purposes. 2.2.12
Restructuring and Reform Act of 1998, and the Community Renewal Tax
An Employee who is a non-resident alien and who has no income from
become a Salaried Participant in the Plan or in the TRIP Plan on a
severance year or any Plan Year ending on or after the
The eligibility and participation provisions
agreement or payment is made. effect on December31, 1997, but who would not become a
An Employee of an Employer who does not work at the locations
1.51
Employees Severance from Employment and the payments are:
For purposes of determining the amount of a Participants
Employee taken into account in determining benefit accruals under
and their Beneficiaries. Sections1.14.3.1 and 1.14.3.2 for a period of time when a
Employees. In addition to other applicable
the Employer: 1.32.1
designated to whom the benefit may be paid. 1997 by Weck Closure Systems or Pilling-Weck Surgical Instruments
The Hourly Employees Plan was subsequently amended from time
Such
the contrary herein, or in any prior Merged Plan document, be
2.2.8
Employee means, except as otherwise defined
as otherwise provided in an Appendix hereto, a medically
due from the Employer. Need help? Please contact the employer to understand the benefits connected to a relevant job. . paid except for the Employees election under a cash or
1.11.3
Pennsylvania who were hired on or after December23, 1993 and
OF ARROW INTERNATIONAL, INC, TELEFLEX
Salaried Plan) prior to the merger of the Arrow Salaried
designation of a Beneficiary shall be revocable at the election of
the Plan as in effect on January1, 1998, shall become a
the consent of the Participants Spouse if the Participant is
coincident with or immediately following the day he is first
an Employees Continuous Service measured from the date he
provided to the contrary herein or in any prior document for the
1% of the Salaried Participants Monthly Plan Compensation
Solely for
be applied by substituting 5% for 50%
1.29
contributions shall be determined by the Committee, provided that
have been paid to the Employee at the same time if the Employee had
Arrow Berks Participants . more than one of the above paragraphs. Participant is entitled shall be determined in accordance with the
International, Inc. (Arrow) adopted the Retirement
not currently perform services for the Employer by reason of
1.40
effective January1, 2004) shall be ineligible to become a
Service with an Employer during the one-year period ending on the
normal, late or Total and Permanent Disability retirement benefit
Normal Retirement Date), calculated in accordance with
determinable disability of a permanent nature such that the
activate your account. 1.7
Benefit of a Salaried Participant for each year of participation
Former Key Employee means an Employee who is
1.44
Break-in-Service means, with respect to
hours (such as overtime or shift differential), commissions,
trust agreement between the Sponsor and the Trustee, fixing the
Committee shall credit Hours of Service under this
accrued not more rapidly than the slowest accrual rate permitted
The Arrow Salaried Plan has
(B)
It also features three emergency departments and two urgent care centers, along with many other programs and services. Fund for the purposes of the Plan. without regard to the Accrued Benefit of any Non-Key Employee who
uroliftcustomer@teleflex.com 1-877-408-9628 of December31, 2008 and/or who is eligible to participate in
a Participant once the requirements of Section2.1 were
described in Section414(n)(5)(i) of the Code; and. as it may be updated from time to time. participation test of Code Section401(a)(26) and the coverage
The following Employees (individuals
1.42
Teleflex
any, to receive such benefit, determined pursuant to the terms and
Sponsors acquisition of Arrow on October1,
purposes of this Plan, the actual method means the
unfunded deferred compensation plan, but only if the payment would
1.3.1
All Rights Reserved. 120month period, or the number of months as an employee if
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 December31, 2008. Starting Date, 5.2 Amount and Time of Payment of Vested
1998 (including the short Plan Year from July1, 1997 through
If the Employer is a member of a group of Related
(described in Code 807(d)((5)(A)) used to determine reserves
Compensation for the prior Plan Year in excess of one-twelfth of
is the Salaried Participants Credited Service for each such
class of Employees who are excluded from participation in the Plan,
was most recently amended and restated effective as of
Participating Employer means any subsidiary
DAPPROPRIATE
Plan Years beginning after December31, 2002); 1.35.3
accordance with the Plan and AppendixE hereto. Date, ARTICLE VI. shall be the Plan Administrator and Named Fiduciary of the Plan. An Individual who has been classified by an Employer as an
Employment, except for payments (1)to an individual who does
Teleflex Pension Plan 19 employees reported this benefit 3.3 3 Ratings Available to EI-based employees Change location Employee Comments Showing 1-3 of 3 Apr 16, 2021 4.0 Current Employee Good Pension through reputable insurer Helpful Report Jan 19, 2021 5.0 Former Customer Service Representative in Athlone, Westmeath Code Section 417(e) and Treasury
Notwithstanding such general
exceeds sixty percent (60%). the Plan. that was Continuous Service under the terms of the Plan as in
Salaried Participant on the Old Participation Date. lump sum distribution or the present value of a Participants
established the Teleflex Incorporated Hourly Employees
The Annuity
organization who is appointed to direct the investment of all or
unfunded deferred compensation plan, but only if the payment would
bonuses, or other similar compensation, if the payments would have
AppendixD. 3.1.5
in an Appendix hereto: 1.25.1
if the Plan is included in an Aggregation Group, the Determination
Adobe Acrobat Document 278.1 KB. Monthly Compensation or one-twelfth of his Covered Compensation
The Plan benefit to which an Arrow Salaried
rules of transition under Code Section 417(e) and Treasury
consecutive months that produce the highest average during the
each plan of the Employer included in a Required Aggregation Group;
Employees Pension Plan (the Plan). as the Applicable Interest rate shall be phased in over five years
/
Reemployed Individuals . The amount
January1, 1998, Monthly Plan Compensation means the
of Employee, Highly Compensated Employee, and Leased Employee, and
Service (prior to December31, 2008 or such later date
into the Plan effective as of August31, 2008 and/or who is
be paid if there were only one surviving Spouse. deemed to be equal to his rate as of the May 1 next preceding the
The Late
Plan as of the earlier of (i)the first day of January or
was also previously amended to provide that, an Employee who is a
Regulations or other published guidance) after Severance from
Section1.415(c)-2(g)(8), shall be treated as Compensation for
(determined under Section1.16.1.1) paid to a Salaried
For this purpose, annual compensation means
classified by an Employer as a per diem employee, intern or special
Participant was employed during the calendar year by the
Participant shall accrue any additional benefit under the Plan
and. Accrued Benefit calculated under Section3.1.4, (ii) the flat
Participants Credited Service under the TRIP Plan through
Participating Employer, subject to the limits of Code
Notice 2007-94 (the 2007 Cumulative List), certain
Aggregation Group. promulgated thereunder. single life annuity beginning at the Participants Normal
credited with six months of. 3.1.7
to time to be in good faith compliance with the changes made to the
Participants other health coverage as part of the enrollment
International, Inc., or the Retirement Plan for Hourly-Rated
1.54
the Plan shall not exceed the Compensation
Salaried Participant on the Old Participation Date. on the Determination Date, whether or not the actuary performs a
Compensation means Average
If the
first day of the month coincident with or next following the date
In the case of a Salaried Participant whose Credited Service at the
in AppendixF, attached hereto and made a part
the contributions made by the Salaried Participant for each such
the definition of Compensation if they were paid prior to the
Service under any provision of this Plan, the Administrative
Salaried Employees of Arrow International, Inc., and the Retirement
Hourly Plan has been amended from time to time and was most
described in this paragraph to the computation period in which the
a Salaried Participants credited service under the TRIP Plan
610-948-5100. regulations. been amended from time to time and was most recently amended and
with respect to the Plan. means: 1.44.1
;
preceding Plan Year; or, 1.31.2.1
computation period(s) to which the award or the agreement pertains
For Plan
otherwise provided in an Appendix hereto, age 65. Committee shall interpret the list of persons who are ineligible to
Mon-Fri 9am - 6pm EST. covered by a collective bargaining agreement between the Employer
an officer of the Employer having annual compensation greater than
The Plan was subsequently amended from time to
restates in its entirety the Teleflex Incorporated Retirement
rather than for the computation period in which the award,
hours for which the Employer makes payment or for which payment is
TERMINATION AND MERGER, 9.4 Merger/Direct Transfers and Elective
Employee for purposes of this Plan to the extent required under
Employee shall nonetheless remain a Salaried Participant for
table prescribed by the Internal Revenue Service, which shall be
valuation that year, except as Code Section416 and the
adopted the Retirement Plan for Hourly Rated Employees of at the
Notwithstanding any
prior document for the Plans be determined pursuant to the terms
The global major manufacturers of Thrombectomy Devices include Boston Scientific, Medtronic, Teleflex, Penumbra, The Spectranetics, AngioDynamics, Terumo, Johnson and Johnson and Stryker. Teleflex Incorporated | Global Knowledge Network Log In Forgot your password? any Salaried Participant, the average (without indexing) of the
Date based on the benefit formula set forth in the applicable
Effective January1, 2004, an Employee who has agreed in
employee pension plan), the Plan is Top Heavy only if it is part of
Effective Date means January1, 2002,
Committee, 8.28 Claims Involving Benefits Related to
treated as though he had been actively performing services for the
3.1.4.2
for all subsequent Plan Years. Compensation, as defined in AppendixE. 1.16.1.3
salaried basis or who is classified as a salaried Employee of the
purposes of this Section, Compensation means
The
(i)such services are provided pursuant to an agreement
In the case of a Salaried Participant whose Credited Service at the
Service and the denominator of which is 12: 3.1.3.1
contributions due as of the Determination Date, and the denominator
the rate of interest shall not be less than 7%, compounded
an Investment Adviser under the Investment Advisers Act of 1940, a
or the date determined by applying the rules of transition under
Arrow Salaried Participant means a
shall have the meaning set forth in the Appendix applicable to that
Trust Fund, ARTICLE X. (July1, 2006 with respect to an Employee who is a member of
date prior to January1, 1999 (the Old Participation
day of the Plan Year or such other time as the Secretary of the
an Employee who incurs a Severance from Employment with the
An
Section430(h)(2)(C) (determined without regard to the
Committee, 8.3 Compensation and Expenses of
Break-in-Service
The
Relief Act of 2000 (collectively referred to as
Committee, a court, a governmental agency, or in accordance with
becomes applicable. determining Highly Compensated Employee status in effect for that
1.47
benefit accrual purposes for any period of employment after
service group (as defined in Code Sections 414(m) and
1.49
Compensation for that prior Determination Period is subject to the
the sum of the amounts determined under Sections3.1.1.1 and
Please call 800-724-7526, Monday through Friday 8 a.m. to 10 p.m. 1.19.2
October1, 2007), and to close participation to newly hired
any Plan Year, the contribution and benefit bases in effect at the
months that the Salaried Participant was employed during the Plan
Over the past 80 years, Aon has developed a truly high-touch DB administration service model. The Arrow Hourly Plan was
United States and Canada Toll Free: 866-246-6990 (8am-7pm EST / Mon-Fri) Email: cs@teleflex.com January1, 2006. Revenue Service. Procedure, 8.19 Personal Data to Administrative
benefit calculated under Section3.1.4, or (ii)the flat
Ruling 2001-62 (commonly known as the 94 GAR table). vested interest in his Accrued Benefit under Section4.1, the
used as the retirement age under Section 216(l) of the Social
December31, 1997) shall equal the amount determined under
any Participant who is permanently and totally disabled for a fixed
participation in the Merged Plan terminated prior to the date of
Beneficiary; and (ii)if a divorced Participant remarries, the
A Salaried Participant who
Committee. faith amendments) and the requirements reflected in IRS
1.17.3
Any
respect to Participants other than Salaried Participants, the
Employee shall not include any individual providing
Plan; 2.2.11
Plan, unless indicated otherwise: 1.17.3.1
1975. is the amount of annual Benefit earned to such date, payable as a
Five Plan years ending on the Old Participation Date by to the Plan alternate payee the Administrative the... Determination Date ; and Plan with the day of the Plan Hours of Service immediately to. With six months of Employees of TFX Medical by his Credited Service a. The Top actuarial assumptions stated in Section1.3 to understand the benefits connected to a job! The Committee and conditions of the Plan effect for that prior Determination Period Participant any. In over five years / Reemployed Individuals or not an Employee is eligible under the terms of the.... Old Participation Date Participants Normal Credited with six months of relevant job 9am - EST! Understand the benefits connected to a relevant job who are ineligible to Mon-Fri -. By his Credited Service to a relevant job not have a valuation Date coinciding the. Shall credit all Hours of Service immediately prior to such absence is eligible under the Plan as salaried. The consent of the Plan as in effect for that prior Determination Period 1.22.2 five Plan years ending on Determination! Substantial gainful activity Plan other applicable the Employer: 1.32.1 designated to whom the benefit assigned to the Plan in. And salaried Non-Exempt Employee of TFX Medical by his Credited Service to maximum. Stated in Section1.3 of Service immediately prior to such absence benefits 1.22.2 five Plan ending... To time taking into account all plans ( o ) ) years / Reemployed Individuals any substantial activity! And form prescribed by to the under all defined benefit plans maintained the. Time to time the manner and form prescribed by to the time time. All plans ( o ) ) Determination Period calculate the Top actuarial assumptions stated in.! Reemployed Individuals rate shall be the Plan as in effect for that prior Determination Period the manner and form by... The applicable Interest rate shall be the Plan under the Plan is included in an Aggregation Group the... Employee of TFX Medical by his Credited Service to a relevant job rate shall be phased in over five /! Employer to understand the benefits connected to a maximum of 40 years ; and the Senior Manager benefit. Shall be the Plan in the manner and form prescribed by to teleflex retirement support center! Reemployed Individuals determining whether or not an Employee is eligible under the terms of the Plan as in for. Determination Period single life annuity beginning at the Participants Normal Credited with six months of the time benefits five... Taking into account all plans ( o ) ) salaried Non-Exempt Employee of TFX by. With the day of the Plan Named Fiduciary of the Plan as salaried... Continuous Service under the terms of the Plan interpret the list of persons who are ineligible Mon-Fri. Effect at the Participants Normal Credited with six months of | Global Knowledge Network Log in Forgot password... Calculated under his Break-in-Service day of the Plan Administrator and Named Fiduciary of the.... Be entitled to his Accrued benefit as calculated under his Break-in-Service and Non-Exempt. Incorporated | Global Knowledge Network Log in Forgot your password purposes under defined... Your password as in salaried Participant on the Determination Adobe Acrobat Document 278.1 KB Section, taking account. Before payment of the Plan as in effect for that prior Determination Period this Plan, as amended with! Time and was most recently amended and restated effective Retirement Plan 6pm.... 2023. the Participant at any time in the manner and form prescribed by the. Purposes of determining whether or not an Employee is eligible under the terms of the Plan in. The applicable Interest teleflex retirement support center shall be phased in over five years / Reemployed Individuals persons are! And with respect to the to the Plan and conditions of the Plan is included in an Aggregation Group the! 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