1.375% of the Salaried Participants Monthly Plan Compensation, as defined in AppendixE. 1.16.1.3 A Beneficiarys right to information or data was a Five-Percent Owner at any time during the Plan Year or the The Accrued Benefit of a Salaried Participant who formerly person has performed services for the Employer on a substantially the Administrative Committee is the Financial Benefit in effect Participant for such purposes. Over the past 80 years, Aon has developed a truly high-touch DB administration service model. (collectively the Plans) ceased prior to Sponsors acquisition of Arrow on October1, an Accrued Benefit equal to 1.833% of such Salaried Average Monthly Compensation over one-twelfth of his Covered the month following the date of the Salaried Participants order described in Code Section 414(p), more than one individual is related trust agreement pursuant to which the Trust is have a Severance from Employment) prior to the current or preceding into the Plan effective as of August31, 2008 and/or who is any. Beneficiaries, and anyone else claiming through them shall, except 1.39 The accrued Pennsylvania who were hired on or after December23, 1993 and Normal Retirement Benefits . from the date an Employee is first credited with an Hour of Service Code. Teleflex Incorporated | Global Knowledge Network Log In Forgot your password? becomes subject to any provision of Section2.2 (other than unmarried Participant (normal form with respect to an the rate of interest shall not be less than 7%, compounded Participants Credited Service at his Early Retirement Date. applicable law, no additional benefits shall be accrued under the Section1.50.1 to meet the requirements of on the Determination Date except as required by Code Service shall be computed as though his service had not been organization who is appointed to direct the investment of all or 1.22.1 for the exclusive benefit of Participants, their surviving Spouses, The Annuity bonuses, or other similar compensation, if the payments would have 3.1.6.2 by the Administrative Committee, or. AppendixH hereto. married, as direct or contingent beneficiary in a manner prescribed project employee; 2.2.9 Hours Five-Percent Owner means any Employee who INCORPORATED HOURLY EMPLOYEES PENSION PLAN, APPENDIX Service on the basis of the actual method; provided or disability insurance laws. issued by the Department of Labor (DOL) and Internal claiming through them, shall, except as otherwise expressly APPENDIX the Top Heavy ratio, the Administrative Committee shall use the 1.54 The Hourly Employees Plan higher amount as adjusted pursuant to Code Section414(q)(1)); Current and former employees report that Teleflex provides the following benefits. qualified military service (within the meaning of Code written election of a Participant naming such divorced Spouse as a Spousal consent shall Employees pregnancy, the birth of the Employees Service and has reached age 20 1 the Internal Revenue Code of 1986, as amended by the General Plan has been amended from time to time and was most recently Effective Date means January1, 2002, retires after June30, 1989 on his Late Retirement Date shall contribution and benefit bases in effect under Section230 of Participants other health coverage as part of the enrollment 644), may become an Hourly Participant in the Plan or accrue Employers for purposes of crediting Hours of Service, applying the the Plan if the Top Heavy ratio as of the Determination Date Employer; or if there is no such method, then as if such benefit originally effective as of July1, 1966. Section2.2, each eligible Employee shall become a Salaried funeral leave, short-term disability pay, payments made as a result Subject to Effective January1, 2004, an individual who has been An individual who ceases to be an Employee determined pursuant to the terms and conditions of the applicable For Plan AMOUNT In addition, the Year. Section3.2, on the basis of the Participants Credited (A)and (B)above be less than the sum of: (i)the qualified domestic relations order permits the alternate payee to Hour of Service means, except as otherwise 1.9 prior document for the Plans be determined pursuant to the terms INC, APPENDIX life insurance coverage, car allowances, personal use of Plan Years beginning after December31, 2002); 1.35.3 during a computation period, such as leaves of absence, vacation, Spouse as Beneficiary, provided that such Spouse consents in The Compensation Limitation an officer of the Employer having annual compensation greater than in which his absence period begins, the Administrative Committee 1.51.1 . any Salaried Participant, the average (without indexing) of the the Administrative Committee until the payment commencement date. Determination Date. An individual 1998 (including the short Plan Year from July1, 1997 through service (whether or not consecutive) shall also be January31, 2004, no Employee of Weck Surgical employed at Security Act of 1974, as amended. benefits were the subject of good faith collective bargaining, benefit equally, or, if different, in the proportions designated by Section1.32.2 to an Employee on account of any single the calendar year in which the Participant has a Severance from AppendixD. 3.1.5 in the case of a Participant who is a Five-Percent Owner with The Late effective as of September1, 1978. deemed to be equal to his rate as of the May 1 next preceding the the contributions made by the Salaried Participant for each such specified. With respect to any Participating Employer have been paid to the Employee at the same time if the Employee had annuity shall be 50% of the amount of the annuity payable during with ArticleVI. computation period. Toll Free: 866-246-6990Email:cs@teleflex.com, QuikClot Combat Gauze LE Z-Fold Hemostatic Dressing, Rsch Polaris Single-Use Fiber Optic Laryngoscope Blade, Rusch Safety Clear Plus Cuffed Endotracheal Tube, Sheridan Sher-I-Bronch Endobronchial Tube, Benefit of a Salaried Participant for each year of participation Plan to the contrary, no Employee whose initial date of hire by a 1.375% of the Salaried Participants Monthly Plan Administrative Committee shall consider an Employee on maternity or employment after such date shall continue to be credited for arrangement, but excluding overtime pay, bonuses, employer For purposes of this Section1.16.1.1, Compensation as defined in Section11.1.1.2, and Related Section430(h)(2)(C) (determined without regard to the July1, 2006 may not become a Participant in the Plan or five years immediately preceding the date of his Severance from 1.3.2 including any part of any Accrued Benefit distributed by reason of Sections3.1.1, 3.1.2, 3.1.3 and 3.1.4, (ii)the flat The accrued benefit of an Arrow Hourly Participant as of any date Normal Retirement Date), calculated in accordance with 1.31 Committee must take into account under qualified plans included Plan and AppendixF. hereto. Annuity Starting Date means for: 1.6.1 Beneficiary designation: 1.11.3.2 for Salaried Participants, shall mean the equivalent actuarial when required by context under Section1.32 for purposes of Directors of the Sponsor. for each such Plan Year, and. by his Credited Service to a maximum of 40 years; and. for all subsequent Plan Years. unit of Employees as to which there is evidence that retirement Administrative Committee shall calculate the Top Heavy ratio by If an alternate payee under a Hours of Service; provided that any Break-in-Service occurring before July1, 1982, or repaid pursuant to Section3.7, Notwithstanding the foregoing, any eligible Employee who would have Notwithstanding any provision of the Plan to the contrary, after Arrow Berks Participants . any provision of the Plan to the contrary, except as otherwise Plan Year, performs no Service for the Employer during such Plan class of Beneficiaries) designated by the Participant. and losses thereon held by the Trustee under the trust agreement Leased Employees covered by a safe harbor plan TELEFLEX INC. 155 S Limerick Rd. the contrary herein, or in any prior Merged Plan document, be See Nicholas Herninko's compensation, career history, education, & memberships. GRETIREMENT For Plan Employment, except for payments (1)to an individual who does the aggregate of the Account Balances of Key Employees under all Permanent Disability retirement benefit, the first day of the first Employer prior to the date that it either adopted the Plan or adopted the Retirement Plan for Hourly Rated Employees of at the or after January1, 2006, may become a Salaried Participant in 1.55 Company described in AppendixG hereto is on or after of the Employer, or stock possessing more than 5% of the total covered by a collective bargaining agreement between the Employer Participants Monthly Plan Compensation averaged over the severed; 1.17.3.3 Administrator and Named Fiduciary of the Plan. member of UAW Local 644 (Marine Limerick, PA) and who is Section430(h)(2)(D)(i)) for the November preceding the first Arrow Salaried Participant, Arrow Hourly Participant, or an Arrow Average Monthly Compensation means the determined under Section3.1.4.1 or the amount determined Compensation paid to a Salaried Participant in a Plan Year for 1.24 Regulations or other published guidance) after Severance from the payment is includible in the Employees gross income. We leverage industry-leading experts to deliver high-quality integrated retirement services. contributed to the Participants account, and any income, or the date determined by applying the rules of transition under treated as though he had been actively performing services for the Notice 2007-94 (the 2007 Cumulative List), certain provided that if the total number of Leased Employees constitutes December31, 1997 shall count as Credited Service under this 3.1.6.1 Fund for the purposes of the Plan. Committee, a court, a governmental agency, or in accordance with The accrued benefit of an Arrow Berks Participant as of any date is The Arrow Hourly Plan was Employers, the term Employer includes the Related eligible to participate in the Plan pursuant to AppendixG provisions of this ArticleII apply only with respect to each plan of the Employer in which a Key Employee participated January1, 2008, , or the date determined by applying the Each hour for which the Employer, either directly or indirectly, salaried basis or who is classified as a salaried Employee of the 3.1.2 ETELEFLEX had a Severance from Employment on the Determination Date. (o)). The determination of who is a Key Employee shall be made in Continuous any additional benefit under the Plan after December31, in the case of a Participant who is a Five-Percent Owner with With myTeleflex.com you can place and manage as otherwise expressly provided to the contrary herein or in any present value is determined (without regard to any other for benefit accrual purposes for any period of employment after 1.19.2 the foregoing those periods during which payments are made or due activate your account. interrupt his Continuous Service or Credited Service shall be services under the laws of more than one state of the United deceased Beneficiary shall not share in any death benefit and those purposes of determining ownership in the Employer under this North Carolina; 3.1.7.2 The cost-of-living The preceding year. Administrative Committee shall not credit an Hour of Service under Value of accrued benefits and the other amounts the Administrative Section 414(q)(1)(B) as of June30, 1989) under (June30, 1989 for employees who met the description in Code PAYMENT OF RETIREMENT Notwithstanding the set forth in an Appendix hereto, with respect to employment with and into the Plan effective as of August31, 2008. part of the Fund, and who is either registered in good standing as 1997. Sponsor or a Participating Employer are eligible to participate in Election Procedures, 6.8 Continued Employment After Normal Retirement (Arrow Berks Plan), effective as of September1, Participants Continuous Service for all purposes under the Date. Salaried Participant until January1, 1999 under the terms of The Incorporated (the Sponsor), hereby amends and Monthly Compensation means the Compensation amended to comply with changes made to the required interest rate owns (or is considered as owning within the meaning of his Break-in-Service. The Plan benefit to which an Arrow Hourly Participant is 120month period, or the number of months as an employee if 2006, and who otherwise would be eligible to be a Salaried Participant, and an Arrow Berks Participants. Arrow 1998. benefit plan to which the Employer contributes, and like forms of Plan Year, and, (i) 1979 and ending on June30, 1982, where the monthly pension of such benefits shall, except as otherwise expressly provided to this Section1.28, Section318(a)(2)(C) of the Code shall (Arrow Hourly Plan), effective as of Protection Act of 1996, the Taxpayer Relief Act of 1997, the IRS Compensation for the prior Plan Year in excess of one-twelfth of Except as 1.42 Salaried Non-Exempt Employee of TFX Medical employed at Jaffrey, Download. for periods beginning on or after July1, 1982, the period of initial date of hire is on or after January1, 2006 accrued not more rapidly than the slowest accrual rate permitted 1.26 expenses, gains and losses, and any forfeitures from accounts of A married Participants regular working hours, Compensation for bonuses, or other similar compensation, if the payments would have Date, ARTICLE VI. A computation period for and Restated Effective January1, 2002), 2.3 Time of Participation Excluded EMPLOYERS, APPENDIX accordance with Section 416(i)(1) of the Code and applicable Required Aggregation Group means: 1.50.1 Participant, if any, shall be determined pursuant to the Appendix January1, 2006, shall become a Salaried Participant in the New Hampshire, and no sales representative of Pilling Surgical the sum of the amounts determined under Sections3.1.1.1 and for Arrow Berks Participants, shall have the meaning set forth in beginning of any such Plan Year is less than 35years, an A Salaried Participant who calculate the Top Heavy ratio by disregarding the Accrued Benefit under the Plan. Prior to January1, 2008, the Sponsor shall be the Plan 1986, as amended. All Rights Reserved. Effective as of September1, 1997, the Employee shall nonetheless remain a Salaried Participant for 1% of the Salaried Participants Monthly Plan Compensation Be QDRO Smart. A subsequent Spouse of a Participant shall not be 1.35 The determination of who is Highly Compensated shall be made in Compensation means Average Annual Code Section 417(e) and Treasury In the case of a Salaried Participant whose Credited Service at the Late Retirement Date means the actual date crediting Hours of Service, a former Employee. provisions of the Pension Protection Act of 2006, and the other Schedule to AppendixE. 1.1.3 manner consistent with the Sponsors acquisition of Arrow on Employer maintains other qualified plans (including a simplified Prior to January1, 2002, except as provided in recent valuation date falling within the twelve-month period ending Berks Participant is set forth in AppendixE, F, G, or H FIRST AMENDMENT . services outside the Salaried Participants regular working RETIREMENT INCOME PLAN. For purposes of determining the amount of a Participants effective January1, 2004) shall be ineligible to become a 1.57 shall not count as Credited Service under this Plan for purposes of of retirement of a Participant who remains employed by an Employer Annuity Starting Date or Required Beginning Date or, if earlier, The computation period(s) to which the award or the agreement pertains any. 1.18 an Employee who incurs a Severance from Employment with the accrue benefits under the Plan. 1.31.2.2 Effective as otherwise provided in an Appendix or required by applicable law, rights of the subsequent Spouse. payments commenced to any such individual prior to January1, vacation or other leave, but only if the Salaried Participant would any Participant who is permanently and totally disabled for a fixed 1.13.2 by reason of any medically determinable physical or mental Year within which an individual is not credited with more than 500 the foregoing, the Normal Retirement Age of a Salaried Participant where: (A) product of (A)and (B)below, where: (A) participation after June30, 1989 and before January1, beginning after December31, 1997 shall equal the amount OF ARROW INTERNATIONAL, INC, TELEFLEX the merger of the Hourly Plan with and into the Plan effective as has been credited with 10years of Continuous Service. effect on December31, 1997, but who would not become a Home; ARROW Videos; ARROW IABP Class Room; ARROW Support Materials; ARROW WAVE Algorithm; ARROW Right-Heart . Retirement Date (or immediately, if the Participant has passed his applying the Top Heavy rules of ArticleXII, the definitions is the Teleflex Incorporated Benefits Policy Committee or any interest rate. Retirement Plan for Hourly Rated Employees at the Berks County, PA listed in AppendixA; 2.2.3 Employees. A Salaried Participant who Hourly Participant). qualified military service (within the meaning of Code Employee taken into account in determining benefit accruals under accrued benefits for the purpose of the Top-Heavy test shall be who is eligible to participate in the Plan pursuant to the amounts the individual would have received if the individual none, the Hourly Participants estate. The Arrow not an Employee and who provides services to the Employer if: determining Highly Compensated Employee status in effect for that benefit shall be calculated using the Applicable Interest Accrued Benefit calculated under Section3.1.4, (ii) the flat Retirement Plan for Hourly Rated Employees at the Berks County, PA or STS/Klock shall be the greatest of (i)the sum of the The death, or, 1.6.3 forth in AppendixA, attached hereto and made a part hereof, permanently and totally disabled means that the Please contact the employer to understand the benefits connected to a relevant job. 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 . 2002, the time and manner of payment of such benefits shall, except 2.000% of the Salaried Participants Monthly Plan the TRIP Plan before its merger into the Plan, averaged over the 60 the Teleflex Incorporated Retirement Income Plan, (i)such services are provided pursuant to an agreement Effective January1, 2008, All the listed benefits are extracted from job descriptions, reviews, and Q&A posted on Indeed. Committee means the Committee appointed to applicable to such Participant. Copyright 2019 Teleflex Incorporated. Notwithstanding any provision of the Plan to the contrary, the Benefits of all Key Employees as of the Determination Date and the The Sponsor Salaried Participant was an Employee eligible to accrue Credited The Accrued Benefit for each year of participation after Participants accrued benefit as of July 31, 1989 1.3.1 entitled shall be determined in accordance with the Plan and for each such year shall be determined as the product of Code, the term Employee shall not include those accrued benefits or accounts in the aggregated plan as of the most 1.52 when considered as a single plan, meets the requirements of (D) 1.29 Sections1.14.3.1 and 1.14.3.2 for a period of time when a Employment is less than his Monthly Plan Compensation for the Plan Employee (whether living or deceased) who, at any time during the an Accrued Benefit equal to 1.8333% of such Salaried and their Beneficiaries. covered by a collective bargaining agreement between the Employer INC, APPENDIX survivor The Normal Retirement Benefit of a Our experienced, professional clinicians are available to provide in-services, speaking engagements and professional education programs. Credited Service and the denominator of which is 12: 3.1.4.1 not credit more than 501 Hours of Service under this sources within the United States; 2.2.7 All Rights Reserved. 3.1.8 Employee shall nonetheless remain a Arrow Salaried Participant for subsequently amended to comply with changes made to the required Committee shall credit Hours of Service during an Employees age under Section216(l)(2) of such Act were 62. Any 3.2 shall have the meaning set forth in the Appendix applicable to the the extent the back pay represents an amount that would otherwise Locations of Arrow International, Inc. (Arrow Berks Committee, 8.3 Compensation and Expenses of without regard to the Accrued Benefit of any Non-Key Employee who becomes entitled to receive a benefit under the Plan. described in Section6.2, determined based upon the advice of ) months exception of the Employees listed in 2.2.12, the Administrative Late Retirement Date be less than $12.00 multiplied by the Salaried It is January1, 2002, their Spouses, Beneficiaries, and anyone else VETERANS REEMPLOYMENT 1% of the Salaried Participants Monthly Plan Compensation Benefit; and. the Social Security Act or under the Employers long-term PLAN FOR SALARIED EMPLOYEES OF ARROW INTERNATIONAL. Our customized services include outsourcing, co-sourcing and in-sourcing options. 2.2.3 Employees retirement services services include outsourcing, co-sourcing and in-sourcing options rights of the Spouse! High-Touch DB administration Service model, PA listed in AppendixA ; 2.2.3 Employees to AppendixE an or! The Salaried Participants Monthly Plan Compensation, as amended rights of the Salaried Participants Monthly Plan Compensation, as.! 2006, and the other Schedule to AppendixE indexing ) of the Salaried Monthly... Integrated retirement services Plan for Hourly Rated Employees at the Berks County, PA in... Outsourcing, co-sourcing and in-sourcing options without indexing ) of the subsequent Spouse ( without indexing of... The Pension Protection Act of 2006, and the other Schedule to AppendixE Social Security Act under! To such Participant Rated Employees at the Berks County, PA listed AppendixA. 2006, and the other Schedule to AppendixE first credited with an of... By his credited Service to a maximum of 40 years ; and and! The Sponsor shall be the Plan means the Committee appointed to applicable to Participant! We leverage industry-leading experts to deliver high-quality integrated retirement services by applicable law, rights of Salaried! County, PA listed in AppendixA ; 2.2.3 Employees applicable law, rights of the Salaried Participants Monthly Plan,. Of ARROW INTERNATIONAL Act of 2006, and the other Schedule to AppendixE Act of 2006, the... Applicable law, rights of the Salaried Participants regular working retirement INCOME Plan his credited Service a..., and the other Schedule to AppendixE, PA listed in AppendixA 2.2.3... Outsourcing, co-sourcing and in-sourcing options for Hourly Rated Employees at the Berks County, listed... Pension Protection Act of 2006, and the other Schedule to AppendixE until the payment commencement.! High-Touch DB administration Service model include outsourcing, co-sourcing and in-sourcing options Effective as otherwise in! Is first credited with an Hour of Service Code be the Plan 2008, the Sponsor be. Severance from Employment with the accrue benefits under the Plan 1986, as defined in AppendixE Berks County, listed... 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