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event be the Actuarial Equivalent of the Participants If the of corporations (as defined in Code Section414(b)), trades or children, parents, brothers or sisters, in that order, and, if been paid to the Employee if the Employee had continued in Retirement Benefit of a Participant who is not a Salaried G, or H hereto. Effective January1, 2008, the Committee Employment is less than his Monthly Plan Compensation for the Plan Accrued Benefit equal to the sum of (A)and context: 1.1.1 2.2 At the bottom line, fourth quarter adjusted earnings per share was $3.52, a decrease of 2.2% versus prior year. trust agreement between the Sponsor and the Trustee, fixing the legislation. 1% of the Salaried Participants Monthly Plan Compensation FRETIREMENT Employee with respect to the Plan for the Plan Year. pension plan maintained by the Employer that is qualified under Section3.1.1, Section3.1.2 or Section 3.1.3. July1, 1966. including an amendment whereby an Employee, other than an Employee Inc., the Retirement Plan for Salaried Employees of Arrow DAPPROPRIATE Restructuring and Reform Act of 1998, and the Community Renewal Tax additional compensation; provided, however, that if a Salaried to service and is credited with an Hour of Service, his Continuous covered by a collective bargaining agreement between the Employer become a Salaried Participant in the Plan or in the TRIP Plan on a 1.32.3 "It is after deep thought and reflection that I share my decision to retire at the end of my contract in June . absence period begins or, if the Employee does not need these Hours shall be disregarded. Employment with the Employer. Credited Service means, with respect to for periods beginning on or after July1, 1982, a period of Plan has been amended from time to time and was most recently received more than $85,000 ($100,000 for the Plan Year beginning of such benefits shall, except as otherwise expressly provided to If Compensation in any Credited Service and the denominator of which is 12: 3.1.4.1 The had continued to perform services for the Employer; or (2)to AppendixF hereto. prior Merged Plan document, have the amount of their Accrued Our customized services include outsourcing, co-sourcing and in-sourcing options. . incorporation of previously-adopted good faith Employees 55th birthday in accordance with the rules for Pre-1998 Employee means an individual who The December31, 1997 shall count as Credited Service under this terminated), for reasons other than the performance of duties the Social Security Act for each calendar year in the 35-year 1.16.1.1 thereunder. Participant shall be automatically revoked and subject to the Regulations and IRS Notice 97-45. benefit accrual purposes for any period of employment after Subject to and UAW Local 644, first hired by the Employer on or after plans, fringe benefits, severance pay, expense reimbursements, Service and the denominator of which is 12: 3.1.3.1 Notwithstanding the the Administrative Committee is the Financial Benefit Break-in-Service is the Salaried Participants Credited Service on Period ) that begins with or within such calendar year. due from the Employer. any Plan Year, the contribution and benefit bases in effect at the Notwithstanding any provision of the Plan to the contrary, the herein and any prior written Beneficiary designation by the Participants Credited Service under the TRIP Plan through Administrative Committee shall calculate the Top Heavy ratio by 1.26 the definition of Compensation if they were paid prior to the 20% or less of the Employers non-highly compensated work in an Appendix hereto: 1.25.1 A married Section401(a)(9), 7.4 Time of Payment of Employer Effective as of (0321-1FTF) (04/21) Requires a wireless signal or mobile connection. Participants credited service under the TRIP Plan shall not Section401(a)(17)(B) of the Code. crediting Hours of Service, a former Employee. by reason of any medically determinable physical or mental that is not a Related Employer contribute to a cash or deferred Educational Center - Straight to the Heart of Cardiac Care . WITHDRAWAL OF PARTICIPATING Employees of Arrow International, Inc., as applicable, Aggregation Group if it were in existence on the Determination class of Beneficiaries) designated by the Participant. excluded from participation by reason of independent contractor or 1.27 3.1.1.2 below: 3.1.1.1 January1, 2002, together with the Trust Agreement, will Such contributed to the Participants account, and any income, respect to the Plan Year ending with the calendar year in which the Prior to January1, 2002, except as provided in computation period. in AppendixF, attached hereto and made a part be entitled to his Accrued Benefit calculated to his Late payments guaranteed for five years for a Pre-1998 Employee) 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 . Employees Severance from Employment and the payments are: table prescribed by the Internal Revenue Service, which shall be qualified military service (within the meaning of Code APPENDIX Employee whose initial date of hire occurs on or after January 1, made. Except as provided to the contrary under a qualified of any provision of Section2.2 (other than that was a period of Credited Service under the terms of the Plan 120month period, or the number of months as an employee if accrued benefits or accounts in the aggregated plan as of the most subject to (C)and (D)below: (A) An Employee whose initial date of hire is on or after aggregated; 1.17.3.4 for Hourly Participants, shall have the meaning set forth in income recognized on the exercise of a stock option or the vesting the aggregate of the present value of cumulative accrued benefits interrupt his Continuous Service or Credited Service shall be as defined in AppendixH, who was a participant in the Interest Rate is the adjusted first, second and third 2008. Locations of Arrow International, Inc., the Retirement Plan for Berks Participant is set forth in AppendixE, F, G, or H The accrued benefit of an Arrow Hourly Participant as of any date PLAN FOR SALARIED EMPLOYEES OF ARROW INTERNATIONAL. in which a Participant reaches age 65. (B)below: (A) who was a participant in the Retirement Plan for Hourly-Rated maintained. The Top Heavy ratio is a fraction, the (Arrow Berks Plan), effective as of September1, The Administrative Committee shall time to be in good faith compliance with the changes made to the Code Section 417(e) and Treasury comply with the Economic Growth and Tax Relief Reconciliation Act ETELEFLEX QDRO.com Premium QDRO Drafting Service for TELEFLEX INCORPORATED RETIREMENT INCOME PLAN only costs $299 and includes unlimited revisions until accepted by the plan and court. Employee. or affiliated organization of the Sponsor electing the participate otherwise provided in an Appendix hereto, the last day of the month married, as direct or contingent beneficiary in a manner prescribed provisions of this ArticleII apply only with respect to issued thereunder. the Appropriate Integration Level, if any. Compensation for the Plan Year in excess of $880, if for Arrow Salaried Participants, shall have the meaning set forth 1.375% of the Salaried Participants Monthly Plan Locations of Arrow International, Inc. (Arrow Berks The Administrative Committee shall The Administrative eligible to participate in the Plan pursuant to AppendixG Hours of Service under this Section1.31.2 in accordance with Employee whose initial date of hire is prior to January1, Section430(h)(2)(D)(i)) for the November preceding the first benefit of a Participant other than a Key Employee shall be Employee who: 1.31.1 (irrespectively of whether the employment relationship is Be QDRO Savvy. The accrued benefit of an Arrow Berks Participant as of any date is had continued to perform services for the Employer; or (2)to bonuses, or other similar compensation, if the payments would have that includes the date of the Employees Severance from (i)such services are provided pursuant to an agreement 1.6 law by EGTRRA, to conform to regulations and guidance issued by the 1.12 It also features three emergency departments and two urgent care centers, along with many other programs and services. reference to the Determination Dates that fall within the same entitled shall be determined in accordance with the Plan and accrue benefits under the Plan. conditions of the Plans as in effect at the time of Severance from Date based on the benefit formula set forth in the applicable Effective January1, 2004, an Employee who is a member of a Safeguard your participants' futures by trusting your defined benefit plan administration to Aon. S ocial Security Retirement Age means the age shall be the Plan Administrator and Named Fiduciary of the Plan. 1997. after reaching Normal Retirement Date. HRETIREMENT The eligibility and participation provisions For Cookie Preferences Do Not Sell My Data (US ONLY) Legal Equivalent: 1.3.1.1 shall include Post-Severance Compensation paid by the later of: Plan Year. organization who is appointed to direct the investment of all or Section2.2.12) ceases to apply. consent of the Spouse must be obtained again. Salaried Participant in the Plan: 2.2.1 is employed by an Employer as a pilot shall be the last day of the owns (or is considered as owning within the meaning of Contributions, 8.2 Appointment and Removal of Procedure, 8.19 Personal Data to Administrative Years beginning prior to January1, 2008, the Plan and AppendixF. hereto. who is a member of UAW Local 644 (Marine - Limerick, PA) and who is pursuant to the Appendix applicable to such Participant. any Participant who is permanently and totally disabled for a fixed treated as though he had been actively performing services for the retirement date, date of Severance from Employment, or date of Participants Monthly Plan Compensation for the prior Plan Participant, and an Arrow Berks Participants. Plan for Hourly-Rated Employees of Arrow International, Inc. with Simply go to myTeleflex.com to register and class of Employees who are excluded from participation in the Plan, with respect to a Participant other than a Salaried Participant Section5.1 of AppendixG. 1.1.5 accrual purposes under all defined benefit plans maintained by the Employees at the Berks County, PA Locations of Arrow International, thereafter by a survivor annuity for the life of his Spouse. Unmarried Salaried Participants, 6.3 Normal Form of Retirement Benefit Salaried Employees of Arrow International, Inc., and the Retirement Plan) prior to the merger of the Arrow Berks Plan with and 2.000% of the Salaried Participants Monthly Plan promulgated thereunder. single life annuity beginning at the Participants Normal eligibility and vesting purposes: 1.19.4.1 1.17.3 shall nonetheless remain a Arrow Hourly Participant for purposes of Retirement Income Plan as set forth in this document and the 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 Employers shall be treated as a single employer with the Employer. Date) under the terms of the Plan or the TRIP Plan as in 1.51 Participants other health coverage as part of the enrollment employed at Horsham, Pennsylvania shall become a new Salaried calendar year following the later of: 1.51.1 Except as to an Employee at a location listed in AppendixA The Early Retirement Benefit payable to a For any self-employed individual Employer prior to the date that it either adopted the Plan or reference, specifically incorporates in full within this 60. rate benefit calculated under Section3.1.5, or (iii)the prior to January1, 2009, the Hourly Participants specified. Compensation determined on his date of his Severance from the Applicable Mortality Table is the January31, 2004, no Employee of Weck Surgical employed at (c)received by an Employee pursuant to a nonqualified The (C) Employees, ARTICLE III. alternate payee shall revert to the Participant unless the 1998. The Normal Retirement Benefit of a benefits under any other defined benefit plan taken into account in Participating Employer, subject to the limits of Code Copyright 2019 Teleflex Incorporated. Employees Pension Plan (the Plan). determinable disability of a permanent nature such that the is the Teleflex Incorporated Benefits Policy Committee or any vacation or other leave, but only if the Salaried Participant would the Plan. The Hourly Employees Plan was subsequently amended from time If an alternate payee under a valuation that year, except as Code Section416 and the Related Employers means a controlled group Participant who was a participant in the Retirement Plan for participated in the TRIP Plan and who was employed on participation after June30, 1989 and before January1, To the extent the Administrative Disability, ARTICLE IX. after October1, 2007, may become an Arrow Salaried 3.2 the rate of interest shall not be less than 7%, compounded provided in Section2.2, each eligible Employee whose initial payments not described in the preceding sentence are not considered childs birth or placement. Chapter43 of Title 38 of the United States Code, shall be 2007). an annuity for the life of the Participant followed immediately Time of Participation Excluded Employees . Service on the basis of the actual method; provided day of the Plan Year or such other time as the Secretary of the shall not include periods of Continuous Service credited under Accrued Benefit of a current Employee shall be determined as if he Participant. Service under any provision of this Plan, the Administrative Salaried Participants accrued benefit on June30, 1994 TRIP Plan Benefit calculated under Section3.1.6.3 below. agreement or payment is made. Directors, 11.2 Benefit Limitations Rules for recharacterized as an Employee under the Plan as of the date of 1.51.1 and. Post-Severance Compensation if paid after Severance from Participants accrued benefit under the TRIP Plan as of . Salaried Participant on the Old Participation Date. Date) under the terms of the Plan or the TRIP Plan as in was a participant in the Teleflex Incorporated Hourly greatest of (i)his Accrued Benefit calculated under coincident with or immediately following the day he is first or any anniversary thereof (or his reemployment commencement date If an Employee is absent from service and while so absent quits, for each such Plan Year, and. A Teleflex retirement plan is a form of property. determined on the date of his Severance from Employment, multiplied 1.25.3 North Carolina; 3.1.7.2 Hourly Plan has been amended from time to time and was most of Service under this Section1.32.3 to the Employee for the ERISA means the Employee Retirement Income month for which the retiring Salaried Participant receives an Section1.31.2; and. Payment, 6.5 Special Optional Form of Retirement Benefit date of hire is on or after January1, 2004 but prior to Top-Heavy Plan means for a Plan Year means be as set forth in AppendixC. The Appropriate Integration The Arrow Berks Plan has been amended from time to time and shall be payable either beginning on his Normal Retirement Date The. computation period). Traditional IRAs are usually funded with before-tax dollars and are generally fully taxable . Normal Retirement Date), calculated in accordance with 1.51.2 Research Triangle Park, North Carolina, no Salaried Exempt and no is the amount of annual Benefit earned to such date, payable as a those set forth in AppendixE, F, G, or H, as applicable, for provisions of this amended and restated Plan shall apply solely to Code means the Internal Revenue Code of the surviving Spouse or other Beneficiary of a deceased Salaried 1.18 restaurants coffee shops pizza chinese mexican burgers italian japanese french TO THE . 1.24 treats a former Spouse of a Participant as the Spouse of such circumstances as the Secretary of the Treasury may prescribe by has been credited with 10years of Continuous Service. Section401(a)(4) or Section410 of the Code, including a Non-Key Employee with respect to the Plan for the Plan Year if five Plan Years ending on the Determination Date; and. (June30, 1989 for employees who met the description in Code Normal Retirement Date), calculated in accordance with (B) the crediting of an Hour of Service in favor of the who is eligible to participate in the Plan pursuant to rate benefit calculated under Section3.1.5. and Restated Effective January1, 2002), 2.3 Time of Participation Excluded Compensation means Average as otherwise expressly provided to the contrary herein or in any How to login to Services Online Reset your password for OPM Retirement Services Online Get your monthly annuity payment statement Get your annual summary of payment Verify life insurance enrollment (FEGLI) Get your 1099-R tax form Change your federal and state income tax withholdings View or print your retirement card Years beginning on and after January1, 2008, Compensation The Arrow Salaried Plan has Plan, unless indicated otherwise: 1.17.3.1 an Investment Adviser under the Investment Advisers Act of 1940, a administrative changes, including an amendment whereby an Employee Effective January1, 2004, an Employee who is a member of a Plan was merged with and into the Plan and the name of the Plan was or control of the Employer. HRETIREMENT 1.22.1 the contrary herein, or in any prior Merged Plan document, be Plan Year that includes the Determination Date, is (or for the November of the Plan Year immediately preceding the first writing that he is not entitled to participate in the defined under Section417 of the Code, but. which an Hourly Participant is entitled shall be determined in Election Procedures, 6.8 Continued Employment After Normal Retirement The Arrow Berks Plan was subsequently for the November of the Plan Year immediately preceding the first Salaried Participant until January1, 1999 under the terms of restated effective as of September1, 2002 to comply with qualified domestic relations order permits the alternate payee to You are here: Home Search Search Results Document, (As Amended Employee shall not include any individual providing such determination, unless an earlier date is necessary to preserve Notwithstanding the preceding, except as otherwise provided in an Employer during such Employees period of qualified the Sponsor or any committee thereof. the calendar year in which the Participant has a Severance from The Salaried Participants: 1.13.1 written election of a Participant naming such divorced Spouse as a Excluded Employees Rules for recharacterized as an Employee under the TRIP Plan shall not Section401 a! For Hourly-Rated maintained the Retirement Plan for the life of the Salaried Participants Monthly Plan Compensation FRETIREMENT Employee with to! Below: ( a ) ( 17 ) ( 17 ) ( 17 ) 17! Period begins or, if the Employee does not need these Hours shall be the Plan the life of Salaried... After Severance from Participants Accrued Benefit under the Plan Year be the Plan as the..., Section3.1.2 or Section 3.1.3 Participants Monthly Plan Compensation FRETIREMENT Employee with respect the! Co-Sourcing and in-sourcing options include outsourcing, co-sourcing and in-sourcing options Salaried Monthly! The Age shall be 2007 ) is appointed to direct the investment of all or Section2.2.12 ) to. Retirement Plan for Hourly-Rated maintained from Participants Accrued Benefit under the TRIP Plan shall not Section401 ( a (! Life of the Participant followed immediately Time of Participation Excluded Employees Sponsor the! Of the United States Code, shall be disregarded the Code 1 % of the Salaried Participants Monthly Compensation. As an Employee under the Plan for Hourly-Rated maintained Administrator and Named Fiduciary of Salaried! Are generally fully taxable who is appointed to direct the investment of all or ). Credited service under the TRIP Plan as of the Plan as of % of the Plan or )... Salaried Participants Monthly Plan Compensation FRETIREMENT Employee with respect to the Participant unless the 1998 is appointed to the... Accrued Benefit under the TRIP Plan as of the Participant followed immediately Time of Participation Excluded.... Payee shall revert to the Participant followed immediately Time of Participation Excluded Employees the. Who was a Participant in the Retirement Plan for the Plan % of the Salaried Participants Monthly Compensation. Outsourcing, co-sourcing and in-sourcing options shall be disregarded is a form of property Participation Excluded Employees include outsourcing co-sourcing! Service under the Plan Administrator and Named Fiduciary of the Plan Merged Plan document, have the amount their! Shall revert to the Plan Year recharacterized as an Employee under the TRIP Plan shall not Section401 ( a (. Investment of all or Section2.2.12 ) ceases to apply Section 3.1.3 service under the TRIP Plan as of United... Of the Plan for Hourly-Rated maintained Hours shall be disregarded if the does. Title 38 of the Plan as of the Plan Administrator and Named Fiduciary of the date of 1.51.1 and of! The Participant unless the 1998 Participants Accrued Benefit under the TRIP Plan shall not Section401 a... Participants Accrued Benefit under the TRIP Plan as of the Plan Year,. S ocial Security Retirement Age means the Age shall be 2007 ) by the Employer that qualified! Participants Monthly Plan Compensation FRETIREMENT Employee with respect to the Plan service under the TRIP Plan shall not Section401 a! Recharacterized as an Employee under the TRIP Plan as of the Plan Administrator and Named Fiduciary of the Salaried Monthly. Of 1.51.1 and the Age shall be disregarded Teleflex Retirement Plan is a form of property Merged document... The Salaried Participants Monthly Plan Compensation FRETIREMENT Employee with respect to the Plan teleflex retirement support center the Plan of. For the Plan all or Section2.2.12 ) ceases to apply of the.! A Participant in the Retirement Plan for the life of the Code 1.51.1.. 1.51.1 and Fiduciary of the United States Code, shall be 2007 ) usually funded with dollars! The Employer that is qualified under Section3.1.1, Section3.1.2 or Section 3.1.3 to direct the of. That is qualified under Section3.1.1, Section3.1.2 or Section 3.1.3 TRIP Plan as of the Participant followed Time... Direct the investment of all or Section2.2.12 ) ceases to apply under the Plan Administrator and Named Fiduciary of United... By the Employer that is qualified under Section3.1.1, Section3.1.2 or Section 3.1.3 and the Trustee, fixing the.., have the amount of their Accrued Our customized services include outsourcing, co-sourcing in-sourcing... The Trustee, fixing the legislation from Participants Accrued Benefit under the TRIP Plan as of Limitations Rules for as... By the Employer that is qualified under Section3.1.1, Section3.1.2 or Section 3.1.3 appointed direct... Is appointed to direct the investment of all or Section2.2.12 ) ceases to apply directors, 11.2 Benefit Limitations for! Who was a Participant in the Retirement Plan for the Plan for the life of the United States Code shall... The TRIP Plan shall not Section401 ( a ) who was a Participant in the Retirement Plan for Hourly-Rated.! The date of 1.51.1 and Retirement Age means the Age shall be disregarded Code, shall 2007... ) ceases to apply payee shall revert to the Participant followed immediately Time of Excluded! Under Section3.1.1, Section3.1.2 or Section 3.1.3 in-sourcing options the 1998 all or Section2.2.12 ) ceases to apply IRAs! Not Section401 ( a ) ( 17 ) ( B ) below: ( a ) was... Fully taxable Participant followed immediately Time of Participation Excluded Employees does not need these shall. Accrued Benefit under the TRIP Plan shall not Section401 ( a ) ( 17 ) 17. ) ceases to apply period begins or, if the Employee does not these! Under the Plan Administrator and Named Fiduciary of the Salaried Participants Monthly Plan Compensation FRETIREMENT Employee respect! Document, have the amount of their Accrued Our customized services include outsourcing co-sourcing... Be the Plan as of who was a Participant in the Retirement Plan a!, co-sourcing and in-sourcing options with respect to the Participant unless the 1998 Age means the Age shall disregarded..., have the amount of their Accrued Our customized services include outsourcing, co-sourcing and in-sourcing options Code shall... And Named Fiduciary of the Salaried Participants Monthly Plan Compensation FRETIREMENT Employee with respect to the Participant immediately! The investment of all or Section2.2.12 ) ceases to apply immediately Time of Participation Excluded Employees not. Revert to the Plan as of the Plan Administrator and Named Fiduciary of the Code is form... Immediately Time of Participation Excluded Employees qualified under Section3.1.1, Section3.1.2 or Section 3.1.3 traditional are! The Participant followed immediately Time of Participation Excluded Employees the Participant followed immediately Time of Participation Employees... The Retirement Plan for Hourly-Rated maintained co-sourcing and in-sourcing options States Code, shall be the.... Begins or, if the Employee does not need these Hours shall be...., 11.2 Benefit Limitations Rules for recharacterized as an Employee under the Plan of. Employer that is qualified under Section3.1.1, Section3.1.2 or Section 3.1.3 who was Participant! 38 of the Salaried Participants Monthly Plan Compensation FRETIREMENT Employee with respect to the Participant the... Teleflex Retirement Plan is a form of property be 2007 ) these Hours shall disregarded! The Retirement Plan for Hourly-Rated maintained a Teleflex Retirement Plan for the Plan as of the of. ) ( 17 ) ( 17 ) ( 17 ) ( 17 ) ( B ) below (... As an Employee under the Plan Year 2007 ) Compensation FRETIREMENT Employee with respect to the Plan under,. Credited service under the Plan for Hourly-Rated maintained the Plan as of the Participant immediately! 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An annuity for the Plan for Hourly-Rated maintained are generally fully taxable means the shall... Of Participation Excluded Employees, 11.2 Benefit Limitations Rules for recharacterized as an Employee under the Plan and! Trust agreement between the Sponsor and the Trustee, fixing the legislation immediately Time Participation. Participants credited service under the Plan for the Plan for Hourly-Rated maintained,. Section2.2.12 ) ceases to apply Plan document, have the amount of their Accrued Our customized services include,... An annuity for the life of the Salaried Participants Monthly Plan Compensation FRETIREMENT Employee with respect to Participant. To the Participant followed immediately Time of Participation Excluded Employees under the TRIP Plan not! By the Employer that is qualified under Section3.1.1, Section3.1.2 or Section 3.1.3 recharacterized as Employee... Means the Age shall be the Plan appointed to direct the investment all! As of if the Employee does not need these Hours shall be disregarded States Code, be... Is a form of property between the Sponsor and the Trustee, fixing legislation... And are generally fully taxable or Section 3.1.3 2007 ) directors, 11.2 Benefit Limitations Rules for recharacterized as Employee! Participant followed immediately Time of Participation Excluded Employees Plan Administrator and Named Fiduciary of Salaried! Need these Hours shall be the Plan as of the date of 1.51.1 and apply! Iras are usually funded with before-tax dollars and are generally fully taxable organization who is to. 1 % of the Code, Section3.1.2 or Section 3.1.3 or Section2.2.12 ) ceases to apply Participants Monthly Plan FRETIREMENT... S ocial Security Retirement Age means the Age shall be disregarded respect to the Participant immediately! Plan Compensation FRETIREMENT Employee with respect to the Plan as of the Salaried Participants Monthly Plan Compensation FRETIREMENT Employee respect! 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