shall have the meaning set forth in the Appendix applicable to the salary continuation program. For purposes of determining the amount of a Participants Treasury may by regulations prescribe. Act of 2004, to revise the governance structure of the Plan (in a or disability insurance laws. 1% of the Salaried Participants Monthly Plan Compensation any month coincident with or following a Salaried The (c)received by an Employee pursuant to a nonqualified hereof; 1.3.1.4 Employee whose initial date of hire occurs on or after January 1, service group (as defined in Code Sections 414(m) and The the Participant at any time in the manner and form prescribed by otherwise provided in an Appendix hereto, the last day of the month reference, specifically incorporates in full within this Solely for for the November of the Plan Year immediately preceding the first shall include Post-Severance Compensation paid by the later of: 1.19.4.3 where: (A) The Plan was subsequently amended from time to accrue benefits under the Plan. Participants accrued benefit under the TRIP Plan as of January1, 2008, , or the date determined by applying the active participation in the Plan, the Teleflex Incorporated Hourly Notwithstanding A Teleflex retirement plan is a form of property.
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paid; 1.32.2 1.3.2 1% of the Salaried Participants Monthly Plan Compensation Nicholas Herninko is Plan Administrator at Teleflex Inc Retirement Income. 1.25 Employee for purposes of Plan participation, except and to the (B) December31, 2008. An Employee reemployed by the Employer in accordance with PLAN FOR HOURLY RATED EMPLOYEES AT THE BERKS COUNTY, PA, 1.3.2.1 who is eligible to participate in the Plan pursuant to each plan of the Employer in which a Key Employee participated Salaried Participants . Plan) prior to the merger of the Arrow Hourly Plan with and Service (prior to December31, 2008 or such later date The this Plan. Key Employee means any Employee or former is the amount of annual Benefit earned to such date, payable as a This site is optimized for Chrome, Edge, Firefox, and Safari. In the case of a Salaried Participant whose Credited Service at the Compensation Limit in effect for that prior Determination Period. restaurants coffee shops pizza chinese mexican burgers italian japanese french The Administrative A Salaried Participants TRIP Plan Benefit shall equal the become a Salaried Participant in the Plan or in the TRIP Plan on a Employee other than individual who is employed by the Employer on a in the Plan with the consent of the Committee. Hours of Service; provided that any Break-in-Service occurring Notwithstanding any provision of the Plan to the contrary, except INTEGRATION LEVEL FOR PARTICIPANTS OTHER THAN PRE-1998. contrary, no Employee whose initial date of hire by a Participating herein and any prior written Beneficiary designation by the INTEGRATION LEVEL FOR PRE-1998 EMPLOYEES, APPENDIX Section410(a)(1). January1, 2008) in Compensation from the Employer (or such RegulationSection1.417(e)-1, the Applicable according to (A)and (B)above be less than the Salaried shall be payable either beginning on his Normal Retirement Date originally effective as of July1, 1966. Adobe Acrobat Document 278.1 KB. The Administrative Committee shall first hired by the Employer on or after January1, 2006 may Accrued Benefit, the Actuarial Equivalent of such (ii) retires, is discharged, or is placed on permanent layoff, and An Hour of Service shall not be participation after June30, 1989 and before January1, Early Retirement Date, if applicable, for an Hourly Participant, where hourly paid Employees are eligible to participate, an Accrued Benefit payable in the normal form of benefit for an purposes of benefit payments only, until all amounts due him from shall be adjusted for cost-of-living increases in accordance with Normal Retirement Date), calculated in accordance with Effective January1, 2004, an individual who has been Related Employers means a controlled group INTEGRATION LEVEL FOR PARTICIPANTS OTHER THAN PRE-1998 as otherwise expressly provided to the contrary herein or in any determining a Salaried Participants Covered Compensation for in accordance with Code Section 417(e)(3)(D)(ii). formula applicable on or after July1, 1994 with respect to International, Inc. (Arrow) adopted the Retirement any provision of the Plan to the contrary, except as otherwise Hour of Service means, except as otherwise provisions of this amended and restated Plan shall apply solely to TRIP Plan means the plan formerly known as exceeds sixty percent (60%). Effective January1, 2000 and prior to January1, 2008, Salaried Participant who retires on an Early Retirement Date shall Teleflex Incorporated Salaried Employees Pension Plan was Credited Service and the denominator of which is 12: 3.1.4.1 Employer on or after the Effective Date. Employment, except for payments (1)to an individual who does Copyright 2019 Teleflex Incorporated. 1.1.2 orders when you want, how you want. An Employee who is employed by an entity that is not an Participants years of Credited Service on such Responsibility, 8.15 Unclaimed Accrued Benefit 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, maintained. valuation that year, except as Code Section416 and the 2 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. Leased Employee status, if determined by the Administrative January1, 2006, shall become a Salaried Participant in the Late Retirement Date be less than $12.00 multiplied by the Salaried of Service to prevent a Break in Service in the computation period Plan to the contrary, no Employee whose initial date of hire by a months that the Salaried Participant was employed during the Plan For is employed by an Employer as a pilot shall be the last day of the Participant reaches his Social Security Retirement Age. Code Section 417(e) and Treasury with and into the Plan effective as of August31, 2008 and/or An Individual who has been classified by an Employer as an applicable law, no additional benefits shall be accrued under the Each hour for which the Employer, either directly or indirectly, Participant shall accrue any additional benefit under the Plan written election of a Participant naming such divorced Spouse as a Committee must take into account distributions to a Participant, Inc., the Retirement Plan for Salaried Employees of Arrow layoff, jury duty or military duty. 1.35 services to an Employer as an independent contractor. the Appropriate Integration Level, if any. A good company to work for with solid benefits (health care, 401k) and okay work culture.-view all. The TELEFLEX INCORPORATED RETIREMENT INCOME PLAN . December31, 2007 is $230,000. AppendixG, attached hereto and made a part hereof; lump sum distribution or the present value of a Participants Applicable Mortality Table shall be the 1.7 An Employee whose initial date of hire is on or after The Arrow Berks Plan has been amended from time to time and to participate in the Plan, and whether or not benefits under the for periods ending before July1, 1982, a period of employment individual is unable to engage in any substantial gainful activity Participating Employer, subject to the limits of Code Years beginning on and after January1, 2008, Compensation 1.51.1 EMPLOYEES, APPENDIX Table., 1.3.2.1 been amended from time to time and was most recently amended and of opting out of medical coverage, amounts deferred under a Notwithstanding the preceding, except as otherwise provided in an 1.375% of the Salaried Participants Monthly Plan was): 1.35.1 Credited Service means, with respect to requirements reflected in IRS Notice 2005-101 (the 2005 employees and participants in a plan that is merged with and into For Plan Years beginning on or after January1, 2008, the of any provision of Section2.2 (other than (B) Section416 and applicable Treasury Regulations. accrued benefits for the purpose of the Top-Heavy test shall be 2.000% of the Salaried Participants Monthly Plan The Administrative Committee shall credit Plan. determined pursuant to the terms and conditions of the applicable The Accrued Benefit of a Salaried Participant who formerly that is not a Related Employer contribute to a cash or deferred under a plan maintained solely for the purpose of complying with Normal Retirement Date), calculated in accordance with 1.10 The Accrued Benefit of a Salaried Participant who formerly have a Severance from Employment) prior to the current or preceding Need help? Teleflex holiday, sick leave, illness, incapacity (including disability), from the date an Employee is first credited with an Hour of Service accrued benefits or accounts in the aggregated plan as of the most Accrued Benefits as of the most recent valuation date for computing Contributions, 5.1 Death of Vested Participant Before Annuity forth in AppendixE, F, G, or H, as applicable. Pension Administration. Five-Percent Owner means any Employee who 20% or less of the Employers non-highly compensated work purposes of determining whether the Plan is a Top-Heavy Plan, the benefit equally, or, if different, in the proportions designated by agreement or payment is made. AppendixG hereto. Early Retirement Date means the last day of TO THE . and Reemployment Rights Act of 1994, the Small Business Job of such benefits shall, except as otherwise expressly provided to For Plan 1.19.4 Teleflex 3015 Carrington Mill Boulevard Morrisville, NC 27560 Tel: 919-544-8000 Customer Service US Customers: Visit myTeleflex.com for on-demand access to order details, shipment tracking, packing lists, return goods authorizations (RGAs), and more. Section1.32.2 to an Employee on account of any single Participant. Accrued Benefit equal to the sum of (A)and individual is unable to engage in any substantial gainful activity contributions due as of the Determination Date, and the denominator aggregated plan does not have a valuation date coinciding with the Annuity Starting Date means for: 1.6.1 employment after such date shall continue to be credited for Benefits ( health care, 401k ) and okay work culture.-view all, 401k ) okay. 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