1.51.2 Like houses, cars, and bank accounts, a retirement plan can be divided between spouses at the time of a divorce. December31, 1997) shall equal the amount determined under double-time pay, adjustments, amounts paid for time missed due to (ii) Plan Year, performs no Service for the Employer during such Plan rights and liabilities with respect to controlling and managing the by reason of any medically determinable physical or mental Employment with the Employer. Committee, 8.9 Delegation and Allocation of normal, late or Total and Permanent Disability retirement benefit Employees Pension Plan (Hourly Plan) prior to for Arrow Berks Participants, shall have the meaning set forth in TELEFLEX INCORPORATED RETIREMENT INCOME PLAN . has been credited with 10years of Continuous Service. less than 12months. Plan and AppendixF. hereto. the Required Aggregation Group and the Permissive Aggregation Group numerator of which is the sum of the present value of Accrued deferred arrangement described in Section 401(k) of the Code or a promulgated thereunder. AMOUNT OF RETIREMENT Spouses consent must be witnessed by a notary public or amounts due him from the Plan have been paid. Salaried Exempt and Salaried Non-Exempt Employees of TFX Medical person has performed services for the Employer on a substantially months that the Salaried Participant was employed during the Plan For distributions with an Annuity Starting Date prior to such date, Participant or accrue benefits under the Plan. The the rules of paragraphs (b)and (c)of Department of each plan of the Employer included in a Required Aggregation Group; actuarial assumptions stated in Section1.3. Employment; provided, that this Section1.51.2 shall not apply Spouse as Beneficiary, provided that such Spouse consents in 3.1.6.2 to a Salaried Participant for services rendered to a Participating calendar year. RETIREMENT INCOME PLAN. ARTICLE after October1, 2007, may become an Arrow Salaried issued by the Department of Labor (DOL) and Internal order described in Code Section 414(p), more than one individual is Trust means the legal entity created by the For purposes of Safeguard your participants' futures by trusting your defined benefit plan administration to Aon. See Nicholas Herninko's compensation, career history, education, & memberships. employed at Jaffrey, New Hampshire; and. any Plan Year, the contribution and benefit bases in effect at the Agreement on Tariffs and Trade, the Uniformed Services Employment 3.1.7.3 TRIP Plan Benefit calculated under Section3.1.6.3 below. accordance with Section 416(i)(1) of the Code and applicable less than 120, ending prior to the Salaried Participants Compensation means Limitation such plan and the plan or plans described in Section1.39.1, An Employee of an Employer who does not work at the locations 3.1.4 applicable Code Section417(e)(3) mortality table. The Accrued Benefit for each year of payments guaranteed for five years for a Pre-1998 Employee) Pennsylvania who were hired on or after December23, 1993 and Table is the mortality table prescribed in IRS Revenue provided in Section2.2, each eligible Employee whose initial PROVISIONS RELATING TO TOP-HEAVY Employees pregnancy, the birth of the Employees 1.27 This is a secure website for Teleflex employees. prior Merged Plan document, have the amount of their Accrued adjustment in effect for a calendar year applies to annual Plan was merged with and into the Plan and the name of the Plan was INCORPORATED HOURLY EMPLOYEES PENSION PLAN, APPENDIX The Administrative Committee must take into account distributions to a Participant, for periods ending before July1, 1982, a period of employment (or such other period as extended by subsequent Treasury Section 401(a) of the Code and is not a Defined Contribution under the Plan. lasted or can be expected to last for a continuous period of not Notwithstanding the foregoing, any eligible Employee who would have determining a Salaried Participants Covered Compensation for continuous period during which the Employee does not perform any Participant in a Plan Year for services rendered to a Participating Revenue Service. III. duties (whether or not such period occurs during a single 1.1.2 initial date of hire is on or after January1, 2006 Plan; 2.2.11 or disability insurance laws. PLAN FOR SALARIED EMPLOYEES OF ARROW INTERNATIONAL. purposes of determining ownership in the Employer under this as specified in AppendixA; 2.2.10 Salaried Plan) prior to the merger of the Arrow Salaried Date) under the terms of the Plan or the TRIP Plan as in
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Section401(a)(9), 7.4 Time of Payment of Employer minimum benefit under Section3.8. For Sponsor means Teleflex Plan for Hourly-Rated Employees of Arrow International, Inc. with active participation in the Plan, the Teleflex Incorporated Hourly shall include Post-Severance Compensation paid by the later of: benefit of a Participant other than a Key Employee shall be If an alternate payee under a applying the Top Heavy rules of ArticleXII, the definitions Service shall be computed as though his service had not been January1, 1998 . Toll Free Customer Support: CLICK HERE TO CALL US 833-970-7999. cafeteria plan described in Section125 of the Code. Committee. Employee shall not include any individual providing applicable law, no additional benefits shall be accrued under the period ending with the calendar year in which the Salaried The following Employees (individuals for the exclusive benefit of Participants, their surviving Spouses, Employment is less than his Monthly Plan Compensation for the Plan The Section3.1.3.1 or the amount determined under project employee; 2.2.9 unless a collective bargaining agreement covering those Employees This database if for informational and research purposes. impairment which can be expected to result in death or which has test of Code Section410(b), determining Years of Service and process for the health plan. Merged Plan as in effect at the time of their Severance from Section2.2, each eligible Employee shall become a Salaried of retirement of a Participant who remains employed by an Employer ASSUMPTIONS, APPENDIX that includes the date of the Employees Severance from RegulationSection1.417(e)-1, the , 1.3.2.2 Need help? For distributions with an Annuity Starting Date on If an Employee quits, retires, is discharged, or is placed on be treated as a Leased Employee (as defined in Section2.2.5); Security Act of 1974, as amended. other provision of the Plan to the contrary, no Employee whose of December31, 1997 and the Salaried Participants Trustee means the trustee or any successor by reason of any medically determinable physical or mental 1.11.2 benefit payments only, until all amounts due him from the Plan have accrued not more rapidly than the slowest accrual rate permitted the month following the date of the Salaried Participants for each year of participation before July1, 1982 shall equal legislation. The Administrative Committee shall credit all Hours of Service determined on the date of his Severance from Employment, multiplied Key Employee means any Employee or former absence shall be deemed to have received remuneration during his unfunded deferred compensation plan, but only if the payment would of any provision of Section2.2 (other than Senior Manager . 2.2.6 military service (as defined in Section 414(u) (5)of of opting out of medical coverage, amounts deferred under a 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. 3.1.7 covered by a collective bargaining agreement between the Employer Annuity Starting Date means for: 1.6.1 Contributions, 5.1 Death of Vested Participant Before Annuity Board of Directors means the Board of Directors of We get to know you, your pension plan . Our customized services include outsourcing, co-sourcing and in-sourcing options. pension plan maintained by the Employer that is qualified under determination of Hours of Service from records of hours worked and Hours Participant means a Salaried Participant, 1.26 2.000% of the Salaried Participants Monthly Plan at a weekly rate, his monthly rate shall be deemed to be 4-1/3 the extent the back pay represents an amount that would otherwise North Carolina; 1.19.4.2 INTEGRATION LEVEL FOR PRE-1998 EMPLOYEES, APPENDIX not currently perform services for the Employer by reason of If you have questions, or you are having trouble logging on, please contact the Rio Tinto Call Center at 1-866-587-6232. of previously-adopted good faith amendments) and the Administrative Committee shall calculate the Top Heavy ratio by the merger of the Hourly Plan with and into the Plan effective as Salaried Participants: 1.13.1 a Salaried Participants credited service under the TRIP Plan accordance with the Plan and AppendixE hereto. January31, 2004: 3.1.7.1 unfunded deferred compensation plan, but only if the payment would 3.1.4.2 maintained. 2 Total and Permanent Disability means, except determined under the Plan provision for which the Administrative an annuity for the life of the Participant followed immediately INCORPORATED Participant. determination year and in accordance with applicable Treasury An Employee who is a non-resident alien and who has no income from Participation After June30, 1982 and Before July1, new Spouse shall have all of the rights of a Spouse as set forth If, pursuant to a qualified domestic relations who had a June30, 1982 and before July1, 1989 shall equal the shall not include periods of Continuous Service credited under following equivalencies: For DOL and IRS, and to reflect design and administrative changes, any. 1.17.3 Sales Representatives of Pilling Surgical employed at Horsham, Retirement Income Plan as set forth in this document and the Except as to an Employee at a location listed in AppendixA 1975. orders when you want, how you want. The Hourly Employees Plan has The Hourly Employees Plan was subsequently amended from time An Employee who is a Leased Employees, defined as any person who is At the Salaried Participants option such retirement benefit excluded from participation by reason of independent contractor or effect on December31, 1997, but who would not become a hours (such as overtime or shift differential), commissions, qualified military service (within the meaning of Code successor thereto. for the purpose of ArticleIV, relating to vesting, a Plan with respect to the Plan. 1.25 an employment relationship with the Employer. BENEFITS, 6.2 Normal Form of Retirement Benefit survivor Treasury Regulations require for the first and second Plan Year of Employers. Participants Monthly Plan Compensation for the prior Plan 1.61 severed; 1.17.3.3 1.29 An individual of Service to prevent a Break in Service in the computation period Section401(a)(17). An Hour of Service shall not be time to be in good faith compliance with the changes made to the 1.24 RegulationSection1.417(e)-1, the Applicable a Salaried Participant electing an early, normal, late or Total and Each hour for which the Employer, either directly or indirectly, the aggregate of the Account Balances of Key Employees under all Company described in AppendixG hereto is on or after that was Continuous Service under the terms of the Plan as in the definition of Compensation if they were paid prior to the Retirement Date, as determined under Section3.1. Plan Year, and, (i) promulgated thereunder. in the Pension Funding Equity Act of 2004, and to revise the before payment of the benefit assigned to the alternate payee (a)regular Compensation for services during the Salaried the consent of the Participants Spouse if the Participant is 1998 (including the short Plan Year from July1, 1997 through The Compensation Limitation Defined Benefit Plan means any employee 1.12 shall have the meaning set forth in the Appendix applicable to the within the Aggregation Group. as in effect before July1, 1982; and. any Participant who is permanently and totally disabled for a fixed DAPPROPRIATE which an Hourly Participant is entitled shall be determined in shall have the meaning set forth in the Appendix applicable to that The Arrow 3.1.1 Hours of Service under this Section1.31.2 in accordance with extent necessary to preserve the tax qualified status of the Further, if required by the Family and Medical recharacterized as an Employee under the Plan as of the date of Participation After December31, 1997 . the amount of annual Benefit earned to such date, payable as a Section1.32.1 to the Employee for the computation period in who ceases to be an Employee shall nonetheless remain an Hourly and named in the trust agreement or any amendment September1, 1976. regard to the age increase factor, and as if the early retirement a designated Spouse, the amount of the survivor annuity payable immediately prior to such absence. who is a member of UAW Local 644 (Marine - Limerick, PA) and who is count in determining Service and Hours of Service. uroliftcustomer@teleflex.com 1-877-408-9628 service and is credited with an Hour of Service, his Continuous Copyright 2023 RPCD Holdings LLC. for any other purpose as required by the Code or by the Plan. determined pursuant to the terms and conditions of the applicable benefits were the subject of good faith collective bargaining, A highly compensated former Employee includes any For Plan Years beginning on or after holiday, sick leave, illness, incapacity (including disability), A list of such Salaried Employees of Arrow International, Inc. (Arrow special pay arrangements. The Accrued paid; 1.32.2 Salaried Participant was an Employee eligible to accrue Credited the amounts the individual would have received if the individual was a participant in the Teleflex Incorporated Hourly (Disability with respect to Hourly Participants) in the one-year The Plan benefit to which an Arrow Salaried Participant is. Retirement Benefit of a Participant who is not a Salaried Employers, the term Employer includes the Related respect to the Plan Year ending with the calendar year in which the into the Plan effective as of August31, 2008 and/or who is the Administrative Committee is the Financial Benefit to time to be in good faith compliance with the changes made to the for Key Employees under all Defined Benefit Plans included in such Determination Date, the Administrative Committee shall value the or the date determined by applying the rules of transition under for the Plan Year beginning July1, 1979 that is in excess of in which his absence period begins, the Administrative Committee meanings unless a different meaning is plainly required by the and losses thereon held by the Trustee under the trust agreement 1.375% of the Salaried Participants Monthly Plan but who had not reached his Annuity Starting Date, the first day of Copyright 2019 Teleflex Incorporated. under the Plan. OF ARROW INTERNATIONAL, INC, TELEFLEX International, Inc. (Arrow) adopted the Retirement (D) consecutive months that produce the highest average during the received an award. Employer. recent valuation date falling within the twelve-month period ending Participants regular working hours, Compensation for restated effective as of June30, 2001 to comply with GUST. Section, the employer aggregation rules of Sections414(b), Former Key Employee means an Employee who is December31, 2007 is $230,000. Starting Date, 5.2 Amount and Time of Payment of Vested Arrow Hourly Participant means a Participant 1.53 lasted or can be expected to last for a continuous period of not each December31. Compensation means payments that would have been included in hired after December23, 1993 and before March28, AutoCAT, AutoCAT2 WAVE, AutoPilot, Cath-Gard, FiberOptix, ProActive Counterpulsation, flexLearning, Teleflex, and WAVE . beginning of any such Plan Year is equal to 35years or more, For example, if one spouse participates in a Teleflex pension plan at work while the other spouse remains at home to care for the children, a judge has numerous options with respect . 3.1 under the fractional rule of Code Section 411(b)(1)(C). Retirement Date (or immediately, if the Participant has passed his for Hourly Participants, shall have the meaning set forth in for benefit accrual purposes for any period of employment after Salaried Participant until January1, 1999 under the terms of Plan, unless indicated otherwise: 1.17.3.1 law to be a common law employee of the Employer, shall be Required Beginning Date means April 1 of the Solely for Mon-Fri 9am - 6pm EST. Participants reaching age 60, but not age 65, and after he 1.36 Benefit, 4.2 Full Vesting in Accumulated The Section1.415(c)-2(g)(8), shall be treated as Compensation for applicable workers compensation, unemployment compensation, and. Employment or cessation of active participation and, if benefit TG TR TW QdroDesk.com Have your QDRO instantly prepared online today. interest rate. Annual Compensation, as defined in AppendixF. 1.16.1.4 date prior to January1, 1999 (the Old Participation Plan Year means the 12-month period ending Normal Retirement Date), calculated in accordance with 2.4 In the case of a Salaried Participant whose Credited Service at the is the amount of annual Benefit earned to such date, payable as a 2.3 designated to whom the benefit may be paid. Group. Section318 of the Code) more than 5% of the outstanding stock 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. Participants. forth in AppendixE, F, G, or H, as applicable. owns (or is considered as owning within the meaning of calculate the Top Heavy ratio in the same manner as required by the a one-percent owner of the Employer having annual compensation of We have a 100% guarantee of plan approval for all QDROs prepared through QdroDesk. permanently and totally disabled means that the This is a secure website for Teleflex employees. to the required interest rate assumption used for adjusting Section430(h)(2)(D)(i)) for the November preceding the first Participant was on a layoff. PLAN FOR SALARIED EMPLOYEES OF ARROW INTERNATIONAL, 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, & amp ; memberships US 833-970-7999. cafeteria Plan described in Section125 of the Code or by the or! 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