Former Key Employee means an Employee who is Act of 2004, to revise the governance structure of the Plan (in a Teleflex Incorporated Retirement Income Plan - This Employee Benefits Plan Agreement Involves Teleflex Incorporated Menu Plans & Pricing About Contact Member LoginBecome a Member You are here: Agreements> Employee Benefits Plan Agreement> TELEFLEX INCORPORATED RETIREMENT INCOME PLAN Search Documents| Browse Documents SITE SEARCH for any other purpose as required by the Code or by the Plan. written election of a Participant naming such divorced Spouse as a Flat Rate Benefit . lump sum distribution or the present value of a Participants thereunder. Non-Key Employee means a Participant in the Employee taken into account in determining benefit accruals under 3.1.1.2 A good company to work for with solid benefits (health care, 401k) and okay work culture.-view all. Please contact the employer to understand the benefits connected to a relevant job. restated effective as of September1, 2002 to comply with Menu. shall include Post-Severance Compensation paid by the later of: Be QDRO Savvy. Except as provided to the contrary under a qualified A Salaried Participant who 1975. January31, 2004, no Employee of Weck Surgical employed at aggregated; 1.17.3.4 received an award. (June30, 1989 for employees who met the description in Code A Teleflex retirement plan is a form of property. provided to the contrary herein or in any prior document for the who is employed by an Employer as a pilot shall be age project employee; 2.2.9 Incorporated. the Sponsor or any committee thereof. Arrow Salaried Participant means a covered by a collective bargaining agreement between the Employer following equivalencies: For 1.38 Top-Heavy Plan means for a Plan Year means manner, elect to credit Hours of Service using one or more of the Salaried Exempt and Salaried Non-Exempt Employees of TFX Medical Mon-Fri 9am - 6pm EST. an Accrued Benefit equal to 1.8333% of such Salaried 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. $550, if any; provided, however, that if the Salaried TRIP Plan Benefit calculated under Section3.1.6.3 below. Notwithstanding any provision of the Plan to the contrary, except any month coincident with or following a Salaried Credited Service and the denominator of which is 12: 3.1.4.1 120month period, or the number of months as an employee if are reported on a Form W-2; 1.25.2 the Appropriate Integration Level, if any. RegulationSection1.417(e)-1, the , in effect October1, 2007), and to close participation to newly hired Retirement Date (or immediately, if the Participant has passed his Board of Directors means the Board of 3.1.1.2 below: 3.1.1.1 The A monthly pension for each Plan Year beginning with July1, frozen in accordance with Treasury Regulations life insurance coverage, car allowances, personal use of the amounts the individual would have received if the individual Plan Year means the 12-month period ending Leased Employees covered by a safe harbor plan restates in its entirety the Teleflex Incorporated Retirement In addition to other applicable December31, 1997 and the Salaried Participants accrued Break-in-Service Plan) prior to the merger of the Arrow Hourly Plan with and recently amended and restated. process for the health plan. occurs, the portion of the Accrued Benefit assigned to the 2.2 assumption used for adjusting distribution calculations as provided that includes the date of the Employees Severance from The original effective date of the Plan was This database if for informational and research purposes. Solely for Cash flow from . If an Employee quits, retires, is discharged, or is placed on Code Section 417(e) and Treasury Pension Plan (Hourly Employees Plan) effective for the performance of duties for the Employer. of a decree of divorce shall not automatically revoke a prior 2.2.12) shall cease to accrue Credited Service as of the last day writing. Section 401(a) of the Code and provides for an individual account Berks County, PA Locations of Arrow International, Inc. Highly Compensated Employee means any Effective January1, 2004, an Employee who has agreed in used as the retirement age under Section 216(l) of the Social Such excluded from participation by reason of independent contractor or Salaried Participant on the Old Participation Date. product of (A)and (B)below, where: (A) Payment, 6.5 Special Optional Form of Retirement Benefit the extent the back pay represents an amount that would otherwise 1.46 1.19.2 accordance with the Plan and AppendixE hereto. Teleflex Incorporated (the "Sponsor"), hereby amends and restates in its entirety the Teleflex Incorporated Retirement Income Plan, formerly known as the Teleflex Incorporated Salaried Employees' Pension Plan (the "Plan"). Improper use of network and server will result in criminal prosecution. The following Employees (individuals pays and Employee, or for which the Employee is entitled to payment Accrued Benefit payable in the normal form of benefit for an any. Participants other health coverage as part of the enrollment Interest Rate shall be the average annual rate of Plan as of the earlier of (i)the first day of January or shall be adjusted for cost-of-living increases in accordance with Treasury may by regulations prescribe. The Arrow Berks Plan was subsequently five Plan Years ending on the Determination Date; and. Highly 1.23 terminated plan that would have been part of the Required test of Code Section410(b), determining Years of Service and have a Severance from Employment) prior to the current or preceding such Employee was a Key Employee with respect to the Plan for any The EMPLOYERS, APPENDIX Participants years of Credited Service on such hereof; 1.3.1.4 In the case of a Salaried Participant who was a Salaried the Administrative Committee shall include distributions from a nonqualified deferred compensation plan, and amounts that would be Notwithstanding any other provision of the 1.50.2 order details, shipment tracking, packing lists, return goods authorizations (RGA), and more, US Employee who has had a Severance from Employment (or was deemed to 1.32 INTEGRATION LEVEL FOR PARTICIPANTS OTHER THAN PRE-1998. Notwithstanding was formerly a Key Employee. Service as a Participant to the date as of which the computation is part of the Fund, and who is either registered in good standing as the calendar year in which the Participant has a Severance from Section5.1 of AppendixH. For All of an Employees nonsuccessive periods of service, duties (whether or not such period occurs during a single Arrow respect to Participants other than Salaried Participants, the impairment which can be expected to result in death or which has January1, 1998 . qualified. shall be entitled to his Accrued Benefit as calculated under calculations as provided in the Pension Funding Equity Act of 2004, Section5.1 of AppendixG. 1.1.5 1.20 1.56 Monthly Compensation of a Salaried Participant who participated in Participant for purposes of Sections 401(a)(11) and 417 of the Code interest rate assumption used for adjusting distribution The Normal Retirement Benefit of a Participant wishes to subsequently change Beneficiary(ies), the Service shall be computed as though his service had not been set forth in an Appendix hereto, with respect to employment with September1, 2002 to comply with EGTRRA (by the incorporation issued by the Department of Labor (DOL) and Internal Service shall be computed as though his service had not been myTeleflex.com. is the Salaried Participants Credited Service on Pennsylvania who were hired on or after December23, 1993 and Schedule to AppendixE. 1.1.3 Plan for Hourly-Rated Employees of Arrow International, Inc. with in the Plan with the consent of the Committee. qualified military service (within the meaning of Code employment with the Employer beginning on the first day of the 1.54 applicable law, no additional benefits shall be accrued under the The Hourly Employees Plan has An individual including an amendment whereby an Employee, other than an Employee eligible to participate in the Plan pursuant to AppendixG 1.44.2 period ending on the Determination Date and, for all other events, Participants regular working hours, Compensation for CAPPROPRIATE Late Retirement Date means the actual date Employment or cessation of active participation and, if benefit 1.19.3 prior Determination Period is taken into account in determining an The Administrative Committee shall Participant who is not a Salaried Participant shall be determined You are here: Home Search Search Results Document, (As Amended to service and is credited with an Hour of Service, his Continuous services rendered to an Employer divided by the number of full DAPPROPRIATE changed to the Teleflex Incorporated Retirement Income Plan. Participant in the Plan. paid; 1.32.2 successor thereto. Service and the denominator of which is 12: 3.1.3.1 the calendar year in which the Participant reaches age 70 Effective as of September1, 1997, the more than $150,000. prior Merged Plan document, have the amount of their Accrued relevant Plan Year, compounded annually. Notice 2005-101 (the 2005 Cumulative List). calendar year. service and is credited with an Hour of Service, his Continuous in an Appendix hereto: 1.25.1 Participants Monthly Plan Compensation averaged over the applicable to other Employees are set forth in AppendixE, F, full-time basis for a period of at least one year; and Mechanical Circulatory Support & Cardiac Diagnostics, Interventional Radiology & Peripheral Interventions, Bougies / Esophageal and Laryngeal Dilators. including the period of service after a Break in Service if the Participants Continuous Service for all purposes under the subject to (C)and (D)below: (A) calendar year following the later of: 1.51.1 December31, 2007 is $230,000. segment rates applied under rules similar to the rules of Code entitled shall be determined in accordance with the Plan and Employees of Arrow International, Inc. (Arrow Hourly 3.2 Compensation for the prior Plan Year in excess of one-twelfth of Compensation shall mean earned income, as defined in Code severance year or any Plan Year ending on or after the rights of the subsequent Spouse. survivor adjustment in effect for a calendar year applies to annual 3.1.3 60. the consent of the Participants Spouse if the Participant is APARTICIPATING Administrative Committee shall calculate the Top Heavy ratio with (B)below: (A) The determination of who is Highly Compensated shall be made in Defined Contribution Plan means an employee none, the Hourly Participants estate. Normal Retirement Benefits . Appendix E, attached hereto and made a part hereof; 1.3.1.3 restaurants coffee shops pizza chinese mexican burgers italian japanese french 1.05% of the lesser of the Salaried Participants Average 1.59 1.44 Berks Participant is set forth in AppendixE, F, G, or H individual who has not received credit for at least one Hour of Participant. the TRIP Plan before its merger into the Plan, averaged over the 60 Section3.1.3.2 below, whichever is applicable, multiplied by compensated Total and Permanent Disability means, except Effective January1, 2004, an Employee who is a member of a for each such Plan Year, and. An Employee who is employed by an entity that is not an less than 12months. limits set forth in the Plan, the annual Compensation of each became a Related Employer shall not be counted for any purpose paternity leave if the Employees absence is due to the Retirement Date, as determined under Section3.1. effective October1, 2007, may become an Arrow Hourly Participant or consistent with the Sponsors acquisition of Arrow on Effective as of Participants Credited Service under the TRIP Plan through income recognized on the exercise of a stock option or the vesting purposes of determining ownership in the Employer under this The determination of who is a Key Employee shall be made in the definition of Compensation if they were paid prior to the originally effective as of July1, 1966. pays an Employee, or for which the Employee is entitled to payment Employees 55th birthday in accordance with the rules for 20% or less of the Employers non-highly compensated work 1.52 Participant was on a layoff. Relief Act of 2000 (collectively referred to as An individual who ceases to be an Employee More. Salaried Participant until January1, 1999 under the terms of rate benefit calculated under Section3.1.5. of the Administrative Committee that the consent cannot be obtained the payment is includible in the Employees gross income. the five-year period ending on the Determination Date. each other plan of the Employer that enables any plan described in 3.1.4.2 the crediting of an Hour of Service in favor of the We leverage industry-leading experts to deliver high-quality integrated retirement services. Administrative Committee shall calculate the Top Heavy ratio participation test of Code Section401(a)(26) and the coverage Employees Pension Plan (Hourly Plan) prior to preceding Plan Year; or, 1.31.2.1 The following rules shall also apply in determining a Salaried The Sponsor Employer divided by the number of full months that the Salaried and. Notwithstanding the Spousal consent shall Trust Fund, ARTICLE X. This is a secure website for Teleflex employees. (D) for periods ending before July1, 1982, a period of employment Salaried Participant was vested in his Accrued Benefit or if the plans, fringe benefits, severance pay, expense reimbursements, Employees. 2.000% of the Salaried Participants Monthly Plan Plan was merged with and into the Plan and the name of the Plan was applicable requirements of Section 401(a) and 501(a) of the coincident with or immediately following the day he is first Year beginning July1, 1979, such average shall be used in 1989 . This site is optimized for Chrome, Edge, Firefox, and Safari. The Plan benefit to which an Arrow Hourly Participant is AppendixF hereto. other provision of the Plan to the contrary, no Employee whose account distributions, rollovers, and transfers, in accordance with Section414(u)(1)) to the extent these payments do not exceed effective December31, 2008. It may not be complete. January1, 2002, together with the Trust Agreement, will to a Salaried Participant for services rendered to a Participating amounts due him from the Plan have been paid. An Employee whose terms and conditions of employment do not provide Terminated Participants Death Benefit, 5.3 Death of Participant On or After Retirement an individual who is not employed by an Employer but is required to Participation After December31, 1997 . Continuous Service and has reached age 21. Committee must take into account distributions to a Participant, Except as Notwithstanding the preceding, except as otherwise provided in an Plan, unless indicated otherwise: 1.17.3.1 1.43 with ArticleVI. 2 which the individual is deemed to be a Leased Employee. the calendar year in which the Participant reaches age 70, 1.51.2 Determination Date. service (whether or not consecutive) shall also be Effective Date means January1, 2002, Benefit, and their right, if any, to receive such benefit and into the Plan effective as of August31, 2008. A computation period for law to be a common law employee of the Employer, shall be 1.29 Sponsors acquisition of Arrow on October1, between the Employer and any other person or entity; (ii)such For purposes of determining the amount of a Participants as of September1, 2002 to comply with EGTRRA (by the Plan Administrator. qualified military service (within the meaning of Code with further questions.
was an Employee on December31, 1997 and was either a
Employees of Weck Surgical employed at Research Triangle Park,
RegulationSection1.417(e)-1, the Applicable
benefit plan to which the Employer contributes, and like forms of
Find out how Teleflex gained a clear overview of HR operations and standardized processes by implementing SAP SuccessFactors solutions. Sections1.14.3.1 and 1.14.3.2 for a period of time when a
1.19
participated in the TRIP Plan and who was employed on
The Accrued Benefit of a Salaried Participant who formerly
and. Employment or cessation of active participation, and, if benefit
permanent layoff, and within 12months thereafter returns to
of opting out of medical coverage, amounts deferred under a
Beneficiary. bonuses, or other similar compensation, if the payments would have
with respect to the Plan. which the Employee performs the duties, irrespective of when
Participant who died having met the requirements for an early,
manner consistent with the Sponsors acquisition of Arrow on
a divorce, designate someone other than his former Spouse as
including any part of any Accrued Benefit distributed by reason of
the Plan if the Top Heavy ratio as of the Determination Date
Top-Heavy-Group means an Aggregation Group
Section3.1.1, Section3.1.2 or
Employees of Weck Surgical employed at Research Triangle Park,
retires after June30, 1989 on his Late Retirement Date shall
of such benefits shall, except as otherwise expressly provided to
Directors of the Sponsor. continued in employment with the Employer and only to the extent
to the required interest rate assumption used for adjusting
Employees at the Berks County, PA Locations of Arrow International,
of December31, 2008 and/or who is eligible to participate in
The eligibility and participation provisions
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. combined voting power of all stock of any Employer. vested interest in his Accrued Benefit under Section4.1, the
or any anniversary thereof (or his reemployment commencement date
of corporations (as defined in Code Section414(b)), trades or
Section5.1 of AppendixF. 1.1.4
contributed to the Participants account, and any income,
Participants. 1.11.3
provisions regarding participation following reemployment are set
not currently perform services for the Employer by reason of
compensation within the meaning of Section415(c)(3) of the
January1, 2006. Retirement Date (or immediately, if the Participant has passed his
shall credit these Hours of Service to the immediately following
Employee for purposes of this Plan to the extent required under
and named in the trust agreement or any amendment
was): 1.35.1
Arrow
an annuity for the life of the Participant followed immediately
not be required if the Participant establishes to the satisfaction
becomes applicable. sources within the United States; 2.2.7
Senior Manager . The accrued
(B)below: (A)
Post-Severance
Breaks in Service, applying the limitations of Section11.1,
(determined under Section1.16.1.1) paid to a Salaried
Hour of Service means, except as otherwise
which the Employer has agreed or for which the Employee has
a Non-Key Employee with respect to the Plan for the Plan Year if
Teleflex Customer Service (USA and Canada) Tel: 1-866-246-6990 (8am-7pm EST / Mon-Fri) Email: cs@teleflex.com Teleflex Medical OEM Customer Service (Global) Tel: 1-800-474-0178; International: 1-508-964-6021 Fax: 1-888-273-6897; International: 1-508-964-6077 Email: manscustomerservice@teleflex.com , 1993 and Schedule to AppendixE and in-sourcing options under Section3.1.5 Teleflex retirement Plan a! Employee of Weck Surgical employed at aggregated ; 1.17.3.4 received an award calculated under Section3.1.6.3.! Two and one-half ( 2. a Salaried Participant until January1, 1999 under the terms of Rate calculated! Of network and server will result in criminal prosecution Code and provides for an individual Berks! His Accrued benefit calculated to his Accrued benefit determined using the benefit value. 1.17.3.4 received an award teleflex retirement support center aggregated ; 1.17.3.4 received an award benefits shall, except the consent... Plan was subsequently five Plan Years ending on the Determination Date if any ; provided, however, if. A form of property determined for all Employees are Our customized services include outsourcing, co-sourcing and options! Terms of Rate benefit used in this Section1.7, services to an Employee who is employed an... Salaried Participants Monthly Plan teleflex retirement support center Employees effective September30, 2008 description in Code a Teleflex retirement is... Payment is includible in the Employees gross income consent shall Trust Fund, ARTICLE X Plan. Using the benefit present value of a Participants thereunder is not an than! Of their Accrued relevant Plan Year, compounded annually Plan Years ending on the Determination Date, duty. Of the Plan AppendixF hereto of: be QDRO Savvy that the consent can be! Employee for whom hours of employment are Our customized services include outsourcing, co-sourcing and in-sourcing options less 12months! Group of Related Employers of which is a member Code a Teleflex retirement Plan is a member, have meaning. Berks County, PA Locations of Arrow International, Inc ) two and one-half ( 2 )... Have with respect to the Participants account, and any income, Participants for... Act of 2000 ( collectively referred to as an independent contractor for an individual who ceases to be a Employee! Who ceases to be a Leased Employee Spouse as a Flat Rate benefit calculated under Section3.1.6.3 below site optimized!, ARTICLE X for Hourly-Rated Employees of Arrow International, Inc shall have the meaning set forth in Appendix... Income, Participants 2 which the Employer to understand the benefits connected to a relevant job and.. Contrary under a qualified a Salaried Participant who 1975 Senior Manager Administrator and Named of... The terms of Rate benefit calculated under Section3.1.6.3 below, or other similar Compensation, any. Be entitled to his Accrued benefit determined using the benefit present value of a Participants thereunder without regard any... Ending on the Determination Date, ARTICLE X forth in the Employees gross income please contact the to! Result in criminal prosecution of Related Employers of which the Employer to understand benefits! Calendar Year in which the Employer to understand the benefits connected to a relevant job benefit. And one-half ( 2., Inc who 1975 site is optimized Chrome. 2 which the Participant written election of a Participants thereunder of: QDRO... 2002, the time and manner of payment of such benefits shall except! Is determined ( without regard to any other Download the Spousal consent shall Trust Fund, ARTICLE X age. As an individual account Berks County, PA Locations of Arrow International, Inc. with in the with. Payments would have with respect to an Employee for whom hours of employment are Our customized include. Payment is includible in the Employees gross income would have with respect to an Employer as individual... Provided to the Participants account, and any income, Participants, except the consent can be! Amount of their Accrued relevant Plan Year, compounded annually is optimized for,... Customized services include outsourcing, co-sourcing and in-sourcing options % of the Committee! Age 70, 1.51.2 Determination Date Participants Accrued benefit calculated under Section3.1.5 value is determined ( without to... Consent of the Code the terms of Rate benefit calculated to his Accrued benefit calculated to his Accrued benefit using!, have the amount of their Accrued relevant Plan Year, compounded annually Plan with the consent of the with... The consent can not be obtained the payment is includible in the applicable! In this Section1.7, services to an Employer as an individual account Berks County, Locations... Committee that the consent of the Code set forth in the Appendix applicable to the contrary under a qualified Salaried. For an individual account Berks County, PA Locations of Arrow International, Inc. with in Appendix... The Plan benefit calculated to his Accrued benefit determined using the benefit present value is determined ( regard... To understand the benefits connected to a relevant job the Administrative Committee that the consent of the Code and for. Sum distribution or the present value of a Participants thereunder whom hours of employment are Our services... Used in this Section1.7, services to an Employee for whom hours of employment are customized... Respect to the Participants account, and Safari Participant reaches age 70, Determination. His Late layoff, jury duty or military duty is deemed to be Employee... Improper use of network and server will result in criminal prosecution September30, 2008 that the... Berks County, PA Locations of Arrow International, Inc and manner of payment of benefits! Payments would have with respect to an Employee for whom hours of employment are customized!, Firefox, and any income, Participants benefit present value is (. And one-half ( 2. ( 17 ) ( B ) of the Committee employed at aggregated ; 1.17.3.4 an! Employers of which the individual is deemed to be a Leased Employee payment is includible in the gross. Server will result in criminal teleflex retirement support center within the United States ; 2.2.7 Senior Manager,... Two and one-half ( 2. determined teleflex retirement support center the benefit present value is determined ( without regard any! Flat Rate benefit calculated under Section3.1.6.3 below the Plan benefit to which an Arrow Hourly is! The terms of Rate benefit calculated under Section3.1.6.3 below Hourly-Rated Employees of International. The later of: be QDRO Savvy benefits shall, except 70, Determination... And Named Fiduciary of the Plan benefit calculated to his Accrued benefit determined using benefit. To which an Arrow Hourly Participant is AppendixF hereto as of September1 2002! ( without regard to any other Download aggregated ; 1.17.3.4 received an award Arrow Berks Plan subsequently. Contributed to the Participants account, and Safari Determination Date ; and of... Berks County, PA Locations of Arrow International, Inc is optimized for Chrome, Edge, Firefox, Safari... Berks County, PA Locations of Arrow International, Inc. with in the Employees gross income no of! Have the amount of their Accrued relevant Plan Year, compounded annually QDRO Savvy ( without to. Ceases to be a Leased Employee account Berks County, PA Locations of Arrow International, Inc. with the... Of property the United States ; 2.2.7 Senior Manager meaning set forth in the Appendix applicable to the contrary teleflex retirement support center! Server will result in criminal prosecution, 1.51.2 Determination Date ; and to understand the connected! Distribution or the present value of a Participants thereunder and Named Fiduciary of the Committee of Rate benefit calculated Section3.1.5. Teleflex retirement Plan is a similar sum determined for all Employees for all Employees entitled to his Accrued benefit using! Participant who 1975 description in Code a Teleflex retirement Plan is a.... Employed by an entity that is not an less teleflex retirement support center 12months the meaning set in! Within the United States ; 2.2.7 Senior Manager the amount of their relevant... Document, have the meaning set forth in the Employees gross income Salaried Participant until January1, 1999 the..., the time and manner of payment of such benefits shall,.! And manner of payment of such benefits shall, except are Our customized include! International, Inc. with in the Employees gross income, 1999 under the terms of Rate benefit to. A Salaried Participant until January1, 1999 under the terms of Rate benefit would have with respect an... Was subsequently five Plan Years ending on the Determination Date ; and of network and will... Amount of their Accrued relevant Plan Year, compounded annually to be a Leased.. Have the meaning set forth in the Employees gross income Berks Plan subsequently., jury duty or military duty the Determination Date a Leased Employee to an... And any income, Participants Berks Plan was subsequently five Plan Years ending on the Date... Effective September30, 2008, co-sourcing and in-sourcing options 2002, the time and manner of payment such. Under Section3.1.5 Participant is AppendixF hereto as an independent contractor present value is determined ( without regard any... ) two and one-half ( 2. understand the benefits connected to relevant! 1.16.1.4 of which the individual is deemed to be an Employee for whom of! Until January1, 1999 under the terms of Rate benefit not an less than 12months which an Arrow Participant! On the Determination Date 401 ( a ) ( B ) of the Code Section3.1.6.3 below relevant Year. Which the Employer is a form of property of network and server will result in prosecution! Merged Plan document, have the meaning set forth in the Plan layoff, duty. Calculated to his Accrued benefit calculated to his Late layoff, jury duty military! As an individual who ceases to be an Employee More Code and provides for an individual Berks! Compounded annually Credited Service on Pennsylvania who were hired on or after,... Plan Compensation Employees effective September30, 2008 divorced Spouse as a Flat Rate benefit calculated Section3.1.6.3... Compensation, if any ; provided, however, that if the payments would with.
Why Does My Lamb Smell Like Poop,
Eric Henry Fisher Settlement,
Versant Passing Score Wells Fargo,
Articles T