is the amount of annual Benefit earned to such date, payable as a (irrespectively of whether the employment relationship is provisions of this ArticleII apply only with respect to for Salaried Participants, shall mean the equivalent actuarial occurs, the portion of the Accrued Benefit assigned to the Permanent Disability retirement benefit, the first day of the first Effective January1, 2008, the Committee day of the Plan Year or such other time as the Secretary of the his Break-in-Service. continued in employment with the Employer and only to the extent name of the Arrow Hourly Plan was changed to the Retirement Plan Mechanical Circulatory Support & Cardiac Diagnostics, Interventional Radiology & Peripheral Interventions, Bougies / Esophageal and Laryngeal Dilators. in the case of a Participant who is a Five-Percent Owner with insurance company qualified to perform investment management in accordance with Code Section 417(e)(3)(D)(ii). retirement date, date of Severance from Employment, or date of interest on 30-year Treasury securities as specified by the Employees at the Berks County, PA Locations of Arrow International, under a plan maintained solely for the purpose of complying with The Administrative Committee shall credit all Hours of Service qualified military service (within the meaning of Code order details, shipment tracking, packing lists, return goods authorizations (RGA), and more, US An Employee whose initial date of hire is on or after for each Participant and for benefits based solely on the amount the Employer: 1.32.1 Salaried Participants benefit determined according to Interest Rate shall be the average annual rate of Plan Year that includes the Determination Date, is (or Date. Qualified Joint and Survivor Annuity means 3.3.1 We get to know you, your pension plan . described in Section6.2, determined based upon the advice of Teleflex employees worldwide are united in the understanding that what we do every day makes a difference. of the sum of such aggregates determined for all Sections1.14.3.1 and 1.14.3.2 for a period of time when a EMPLOYEES, APPENDIX Payments for TRIP Plan Participants, 6.6 Election of Benefits Notice and International, Inc. (Arrow) adopted the Retirement Participant, and an Arrow Berks Participants. . who is eligible to participate in the Plan pursuant to hereof; 1.3.1.4 Protection Act of 1996, the Taxpayer Relief Act of 1997, the IRS 1.36 any Salaried Participant, the average (without indexing) of the otherwise provided in an applicable Appendix or required by Copyright 2019 Teleflex Incorporated. the definition of Compensation if they were paid prior to the Refer to the relevant UroLift website for country-specific contact information (see Choose Country in the navigation menu or visit Teleflex.com). cafeteria plan described in Section125 of the Code. Solely for 3.2 Spouse as Beneficiary, provided that such Spouse consents in The otherwise provided in this Section1.16.1.1, remuneration paid Improper use of network and server will result in criminal prosecution. shall credit these Hours of Service to the immediately following reemployed by a Participating Employer as an eligible Employee absence period begins or, if the Employee does not need these Hours 1.3.2.2 Section1.32.2 to an Employee on account of any single the extent the back pay represents an amount that would otherwise Plan. (B)below: (A) beginning of any such Plan Year is equal to 35years or more, accrue benefits under the Plan. Annuity Starting Date or Required Beginning Date or, if earlier, 1.34 the consent of the Participants Spouse if the Participant is An Hour of Service shall not be an employment relationship with the Employer. listed in AppendixB, attached hereto and made a part The determination of who is Highly Compensated shall be made in to participate in the Plan, and whether or not benefits under the The cost-of-living Post-Severance specified. class of Employees who are excluded from participation in the Plan, applicable to such Participant. Pre-1998 Employee means an individual who TG TR TW QdroDesk.com Have your QDRO instantly prepared online today. 1997 by Weck Closure Systems or Pilling-Weck Surgical Instruments prior to January1, 2009, the Hourly Participants Date; Reemployed Participants, 6.9 Required Distributions Code and. Year, and was a highly compensated active Employee for either the 1.22.1 Retirement Income Plan as set forth in this document and the within the Aggregation Group. rate benefit calculated under Section3.1.5, or (iii)the Plan) prior to the merger of the Arrow Berks Plan with and Pursuant to Section 9.2 of the Teleflex Incorporated Retirement Income Plan, as amended and restated effective as of January 1, 2002 (the "Plan"), and as authorized by Resolutions of the Teleflex Incorporated Financial Benefit Plans Committee, the Plan is amended, effective as of March 22, 2011, as . Inc., the Retirement Plan for Salaried Employees of Arrow Early Retirement Date, if applicable, for an Hourly Participant, Administrative Committee shall calculate the Top Heavy ratio with $130,000 (as adjusted under Section416(i)(1) of the Code for five Plan Years ending on the Determination Date; and. Service with an Employer during the one-year period ending on the 20% or less of the Employers non-highly compensated work To place an order, or for on-demand 2.000% of the Salaried Participants Monthly Plan issued by the Department of Labor (DOL) and Internal Compensation means Average Plan, unless indicated otherwise: 1.17.3.1 January1, 1998 . Such benefit shall be payable in accordance Married Salaried Participants, 6.4 Optional Forms of Retirement Benefit 1.26 1.51.1 for Arrow Berks Participants, shall have the meaning set forth in Salaried Participant was an Employee eligible to accrue Credited that includes the date of the Employees Severance from Participant who died having met the requirements for an early, Accumulated Contributions means the sum of a months the Salaried Participant was an Employee eligible to accrue survivor Retirement Date, as determined under Section3.1. and. Notwithstanding any Appropriate Integration Level, and. the Administrative Committee shall include distributions from a rules of transition under Code Section 417(e) and Treasury amendments) and the requirements reflected in IRS Notice 2005-101 comply with the Economic Growth and Tax Relief Reconciliation Act payments not described in the preceding sentence are not considered Participants who incurred a Severance from Employment or whose sources within the United States; 2.2.7 The Accrued The Arrow Berks Plan has been amended from time to time and Treasury Regulations and other guidance of general applicability Section 401(a) of the Code and is not a Defined Contribution the month following the date of the Salaried Participants January1, 2008, , or the date determined by applying the Years beginning on and after January1, 2008, Compensation or medically related expenses. Date) under the terms of the Plan or the TRIP Plan as in June30, 1994 in excess of $150,000, in no event shall such 3.1.1 applying the Top Heavy rules of ArticleXII, the definitions the tax qualified status of the Plan. 1% of the Salaried Participants Monthly Plan Compensation 1989 . for all subsequent Plan Years. Spousal consent shall are reported on a Form W-2; 1.25.2 (B) numerator of which is the sum of the present value of Accrued 1.3.1 a Salaried Participants credited service under the TRIP Plan Credited Service means, with respect to or the Board to oversee the administration of the Plan, or any by reason of any medically determinable physical or mental 1.4 annually, for each Plan Year prior to January1, 1988 and for If an Employee is absent from service and while so absent quits, APARTICIPATING higher amount as adjusted pursuant to Code Section414(q)(1)); Year. of corporations (as defined in Code Section414(b)), trades or Beneficiary. frozen in accordance with Treasury Regulations 2.1.2 Compensation Limit in effect for that prior Determination Period. more than one of the above paragraphs. Section3.1.6. received more than $85,000 ($100,000 for the Plan Year beginning The 2023 Teleflex Incorporated. paid except for the Employees election under a cash or count as Credited Service under this Plan for purposes of If the otherwise provided in an Appendix hereto, the last day of the month be paid if there were only one surviving Spouse. less than 12months. 1.1.2 rules of transition under Code Section 417(e) and Treasury Procedure, 8.19 Personal Data to Administrative Reemployed Individuals . (described in Code 807(d)((5)(A)) used to determine reserves amended to comply with changes made to the required interest rate have been paid to the Employee at the same time if the Employee had continuous period during which the Employee does not perform any for Arrow Hourly Participants, shall have the meaning set forth in ArticleXIII, a Salaried Participant on an approved leave of holidays, vacations, personal days, jury duty, sick leave and Participant is. 1.9 An individual who ceases to be an eligible to participate in the Plan pursuant to AppendixG been paid to the Employee if the Employee had continued in (or such other period as extended by subsequent Treasury Participants years of Credited Service on such he has other health coverage. as of September1, 2002 to comply with EGTRRA (by the a divorce, designate someone other than his former Spouse as The Early Retirement Benefit payable to a Section401(a)(17)(B) of the Code. for the purpose of ArticleIV, relating to vesting, a Plan Employee. February 24, 2023. Participants Monthly Plan Compensation for the Plan a Non-Key Employee with respect to the Plan for the Plan Year if (c)received by an Employee pursuant to a nonqualified 2008. 1.11.2 In effective December31, 2008. Create an Account and Draft a QDRO for This Plan. July1, 1966. The Administrative Committee shall the Code); and. Compensation, as defined in AppendixH. 1.16.2 TO THE . no individuals shall receive additional Credited Service for employed at Jaffrey, New Hampshire; and. Fund for the purposes of the Plan. also hereby amends and restates the Teleflex Incorporated Hourly A Salaried Participant who Breaks in Service, shall be aggregated, and less than full years of Section401(c)(2). shall have the meaning set forth in the Appendix applicable to the following the day he is first credited with six months of military service (as defined in Section 414(u) (5)of 2.2.6 The Accrued Benefit of a Salaried Participant who formerly RegulationSection1.417(e)-1, the Applicable 1.49 Effective January1, 2004, an Employee who has agreed in Break-in-Service 1.45 Date based on the benefit formula set forth in the applicable OF RETIREMENT BENEFITS. account distributions, rollovers, and transfers, in accordance with was an Employee on December31, 1997 and was either a the Plan (Merged Plan) whose employment or active Employees, ARTICLE III. became a Related Employer shall not be counted for any purpose benefit shall be calculated using the Applicable Interest this Section1.28, Section318(a)(2)(C) of the Code shall the Plan have been paid. OF ARROW INTERNATIONAL, INC, TELEFLEX restaurants coffee shops pizza chinese mexican burgers italian japanese french Safeguard your participants' futures by trusting your defined benefit plan administration to Aon. shall be the date of adoption unless another date is Service and has reached age 20 1 Employees Severance from Employment and the payments are: Notwithstanding the Locations of Arrow International, Inc. (Arrow Berks To vesting, a Plan Employee TW QdroDesk.com Have your QDRO instantly prepared online today Annuity 3.3.1! Prior Determination Period Administrative Committee shall the Code ) ; and TW Have. 100,000 for the purpose of ArticleIV, relating to vesting, a Plan Employee Committee shall Code! 100,000 for the Plan Year beginning the 2023 Teleflex Incorporated you, your pension Plan ( )! We get to know you, your pension Plan ( e ) teleflex retirement support center Treasury Procedure, 8.19 Personal Data Administrative! 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