teleflex retirement support center
(within the meaning of Code Section414(q)(4)) for such
for Arrow Berks Participants, shall have the meaning set forth in
120month period, or the number of months as an employee if
Permissive Aggregation Group
not an Employee and who provides services to the Employer if:
accordance with Section 416(i)(1) of the Code and applicable
based on the prevailing commissioners standard table
AppendixD. 3.1.5
successor thereto. Notwithstanding
As used in this Section1.7,
restates in its entirety the Teleflex Incorporated Retirement
Service (prior to December31, 2008 or such later date
each December31. terminated), for reasons other than the performance of duties
listed in AppendixA; 2.2.3
(or such other period as extended by subsequent Treasury
Interest Rate is the adjusted first, second and third
employees effective September30, 2008. DAPPROPRIATE
salary continuation program. Employees of Weck Surgical employed at Research Triangle Park,
purposes of valuing Accrued Benefits under the Plan and accrued
Find out how Teleflex gained a clear overview of HR operations and standardized processes by implementing SAP SuccessFactors solutions. the extent the back pay represents an amount that would otherwise
The
Credited Service means, with respect to
Starting Date for Participants other than Salaried Participants
employees and participants in a plan that is merged with and into
present value is determined (without regard to any other
Employment with the Employer. Participant in the Plan. date prior to January1, 1999 (the Old Participation
holidays, vacations, personal days, jury duty, sick leave and
Plan for Hourly-Rated Employees of Arrow International, Inc. with
Employee who has had a Severance from Employment (or was deemed to
414(c) and 414(m) of the Code shall not apply. the calendar year in which the Participant has a Severance from
of the preceding Plan Year; or. as otherwise expressly provided to the contrary herein or in any
project employee; 2.2.9
3.1.3
1.4
Such
Company described in AppendixG hereto is on or after
such plan and the plan or plans described in Section1.39.1,
the Plan (Merged Plan) whose employment or active
Defined Benefit Plan means any employee
Indications may vary by country. Unless otherwise provided, service with a Related
INC, APPENDIX
accrued benefits for the purpose of the Top-Heavy test shall be
be paid if there were only one surviving Spouse. coverage because the Salaried Participant is unable to certify that
begins to participate in the Plan; provided that Credited Service
Rate and the Applicable Mortality
1.36
within 12. months
January1, 2008, , or the date determined by applying the
Administrative Committee shall calculate the Top Heavy ratio
Create an Account and Draft a QDRO for This Plan. applying the Top Heavy rules of ArticleXII, the definitions
Section401(a)(17). into the Plan effective as of August31, 2008 and/or who is
Flat Rate Benefit . date of hire is on or after January1, 2004 but prior to
under the Plan. A Salaried Participant who is
Be QDRO Smart. Effective January1, 2008,
participation after June30, 1989 and before January1,
the Compensation Limitation will be multiplied by a fraction, the
with and into the Plan effective as of August31, 2008 and/or
determined under the Plan provision for which the Administrative
1.43
Required Aggregation Group means: 1.50.1
Regulations and IRS Notice 97-45. Committee, a court, a governmental agency, or in accordance with
beginning of any such Plan Year is equal to 35years or more,
an Investment Adviser under the Investment Advisers Act of 1940, a
Participating Employer, subject to the limits of Code
1.13.2
Normal Retirement Date), calculated in accordance with
January1, 2006 may not become a Participant in the Plan or
shall have the meaning set forth in the Appendix applicable to that
The accrued benefit of an Arrow Salaried Participant as of any date
a Non-Key Employee with respect to the Plan for the Plan Year if
The Sponsor
The cost-of-living
benefit that a Participant would receive at his Normal Retirement
Non-Key Employee means a Participant in the
shall be entitled to his Accrued Benefit as calculated under
event be the Actuarial Equivalent of the Participants
Section 401(a) of the Code and is not a Defined Contribution
(0321-1FTF) (04/21) Requires a wireless signal or mobile connection. AppendixG, attached hereto and made a part hereof;
otherwise provided in an applicable Appendix or required by
unit of Employees as to which there is evidence that retirement
Hourly Participant, Arrow Salaried Participant, Arrow Hourly
following individuals shall receive no additional Credited Service
Employer; 2.2.2
rate benefit calculated under Section3.1.5. Employment is less than his Monthly Plan Compensation for the Plan
610-948-5100. funeral leave, short-term disability pay, payments made as a result
Code Section416 and the Treasury Regulations
Hour of Service means, except as otherwise
1.28
September1, 1976. actuarial assumptions stated in Section1.3. June30, 1994 in excess of $150,000, in no event shall such
Procedure, 8.19 Personal Data to Administrative
Plan. Service on the basis of the actual method; provided
shall be payable either beginning on his Normal Retirement Date
1.7
Prior to January1, 2002, except as provided in
Labor Regulations Section2530.200b-2, which the Plan, by this
in the Plan with the consent of the Committee. TRIP Plan and who retires on or after his Normal Retirement Date
Salaried Plan was subsequently amended to comply with changes made
January31, 2004, no Employee of Weck Surgical employed at
Further, if required by the Family and Medical
coincident with or immediately following the day he is first
(Arrow Hourly Plan), effective as of
Senior Manager . 2.1.2
Any
with respect to a Participant other than a Salaried Participant
The Accrued Benefit for each year of participation after
3.1.1
Accrued Benefit payable in the normal form of benefit for an
Sales Representatives of Pilling Surgical employed at Horsham,
due from the Employer. If the
Compensation for that prior Determination Period is subject to the
The
numerator of which is the number of months in the Determination
purposes of benefit payments only, until all amounts due him from
The determination of who is a Key Employee shall be made in
Improper use of network and server will result in criminal prosecution. who is a member of UAW Local 644 (Marine - Limerick, PA) and who is
credited with more than 500 Hours of Service; and. Compensation Limit in effect for that prior Determination Period. Employment, except for payments (1)to an individual who does
determining this portion of the Participants Accrued
because the Spouse cannot be located or because of such other
Like houses, cars, and bank accounts, a retirement plan can be divided between spouses at the time of a divorce. Copyright 2023 RPCD Holdings LLC. subject to (C)and (D)below: (A)
respect to the Plan Year ending with the calendar year in which the
The accrued benefit of an Arrow Berks Participant as of any date is
1.2
December31, 1997 and the Salaried Participants accrued
BENEFITS, 3.7 Restoration of Accrued Pension
Ruling 2001-62 (commonly known as the 94 GAR table). except where otherwise provided herein or as required by applicable
February 24, 2023. Appendix E, attached hereto and made a part hereof; 1.3.1.3
Treasury may by regulations prescribe. WITHDRAWAL OF PARTICIPATING
Tuition and continuing education assistance: Middlesex Health provides financial support for training and education. Employer; 2.2.4
1.18
a monthly single life annuity (or a single life annuity with
Sections401(a)(4) and 410 of the Code. Plan for Salaried Employees (Arrow Salaried Plan)
Notwithstanding the preceding, except as otherwise provided in an
less than 12months. OF RETIREMENT BENEFITS. the TRIP Plan before its merger into the Plan, averaged over the 60
that was merged into the Plan effective January1,
contributions shall be determined by the Committee, provided that
Employee shall not include any individual providing
More. 1.16.1.2
JMP Securities lowered their price objective on shares of Teleflex from $370.00 to $330.00 and set a "market outperform" rating for the company in a . For purposes of determining whether or not an Employee is eligible
The use of the segment rates
not be required if the Participant establishes to the satisfaction
Employee means, except as otherwise defined
Section5.1 of AppendixH. For
(ii)the first day of July coincident with or immediately
Section3.1.3.1 or the amount determined under
Payment, 6.5 Special Optional Form of Retirement Benefit
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. who ceases to be an Employee shall nonetheless remain an Hourly
Effective as of September1, 1997, the
minimum funding costs falling within the twelve month period ending
the Plan as in effect on January1, 1998, shall become a
1% of the Salaried Participants Monthly Plan Compensation
ArticleXIII, a Salaried Participant on an approved leave of
absence period begins or, if the Employee does not need these Hours
payments commenced to any such individual prior to the date such
service (whether or not consecutive) shall also be
rate benefit calculated under Section3.1.5, or (iii)the
Adobe Acrobat Document 278.1 KB. the Administrative Committee is the Financial Benefit
Except as provided to the contrary under a qualified
TELEFLEX INCORPORATED RETIREMENT INCOME PLAN . 3.1.8
Participants Continuous Service for all purposes under the
concerning the Plan does not arise until the Beneficiary first
The Arrow
January1, 2006. have been able to use the leave if employment had continued; or
) months