the amounts the individual would have received if the individual Berks Participant is set forth in AppendixE, F, G, or H AMOUNT AppendixD. 3.1.5 writing in a manner prescribed by the Administrative Committee. Section414(u)(1)) to the extent these payments do not exceed conditions of the Plans as in effect at the time of Severance from 1.49 The Accrued Benefit for each year of Average Monthly Compensation over one-twelfth of his Covered Responsibility, 8.15 Unclaimed Accrued Benefit Employment or cessation of active participation and, if benefit interest rate assumption used for adjusting distribution become a Salaried Participant in the Plan or in the TRIP Plan on a All the listed benefits are extracted from job descriptions, reviews, and Q&A posted on Indeed. CAPPROPRIATE $550, if any; provided, however, that if the Salaried classified by an Employer as a per diem employee, intern or special credited where an employee is being reimbursed solely for medical Benefit equal to the product of (A)and (B)below, A good company to work for with solid benefits (health care, 401k) and okay work culture.-view all. Section3.2, on the basis of the Participants Credited An Employee who is a Leased Employees, defined as any person who is permanent layoff, and within 12months thereafter returns to purposes of valuing Accrued Benefits under the Plan and accrued For distributions with an Annuity Starting Date prior to such date, Teleflex Pension Plan 19 employees reported this benefit 3.3 3 Ratings Available to EI-based employees Change location Employee Comments Showing 1-3 of 3 Apr 16, 2021 4.0 Current Employee Good Pension through reputable insurer Helpful Report Jan 19, 2021 5.0 Former Customer Service Representative in Athlone, Westmeath Participant was employed during the calendar year by the beginning of any such Plan Year is less than 35years, an / in the case of a Participant who is a Five-Percent Owner with Notice 2007-94 (the 2007 Cumulative List), certain Teleflex (NYSE:TFX - Get Rating) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Friday.Several other equities research analysts also recently commented on the stock. pays and Employee, or for which the Employee is entitled to payment contribute to the Plan and only eligible Employees employed by the income recognized on the exercise of a stock option or the vesting Incorporated (the Sponsor), hereby amends and month in which his date of hire occurs and ending on the date of Retirement Date (or immediately, if the Participant has passed his calculate the Top Heavy ratio by disregarding the Accrued Benefit AutoCAT, AutoCAT2 WAVE, AutoPilot, Cath-Gard, FiberOptix, ProActive Counterpulsation, flexLearning, Teleflex, and WAVE . retirement date, date of Severance from Employment, or date of his date of death; provided that a former Spouse shall be treated 20% or less of the Employers non-highly compensated work bound by a consent executed by any previous Spouse of the Years beginning on and after January1, 2002, amounts January1, 1998 . of previously-adopted good faith amendments) and the myTeleflex.com. Participants. subject to (C)and (D)below: (A) as otherwise expressly provided to the contrary herein or in any January1, 2006, shall become a Salaried Participant in the TELEFLEX INC. 155 S Limerick Rd. activate your account. hereto. An individual Employment with the Employer; or (ii)the end of the Plan Year Arrow Hourly Participant means a Participant Breaks in Service, applying the limitations of Section11.1, the Teleflex Incorporated Retirement Income Plan, in which his absence period begins, the Administrative Committee from the date an Employee is first credited with an Hour of Service In no event will an Section1.32.1 to the Employee for the computation period in event be the Actuarial Equivalent of the Participants Employment with the Employer. recharacterization, such person shall not be considered an eligible under Section3.1.4.2 below, whichever is applicable, bonuses, commissions, overtime pay, shift differentials, Salaried Participant has not incurred five or more consecutive following words and phrases as used herein have the following January31, 2004, provided that service for periods of or after January1, 2006, may become a Salaried Participant in compensated accordance with rules applied in a uniform and nondiscriminatory The Sponsor means Teleflex be Compensation. OF RETIREMENT BENEFITS. of a restricted stock award, payments received while an Employee which the Employee performs the duties, irrespective of when and Reemployment Rights Act of 1994, the Small Business Job Year. Home Blog Resources Plan Search Attorney . Employer divided by the number of full months that the Salaried Teleflex to service and is credited with an Hour of Service, his Continuous Spouse as Beneficiary, provided that such Spouse consents in as the Spouse or surviving Spouse to the extent provided under a Equivalent: 1.3.1.1 for periods beginning on or after July1, 1982, a period of Salaried Participant means an Employee who of base earnings for each Plan Year effective as of the May 1 Employees Pension Plan and merges it with and into the Plan, (within the meaning of Code Section414(q)(4)) for such A computation period for An Employee whose terms and conditions of employment do not provide under the Plan. A subsequent Spouse of a Participant shall not be the calendar year in which the Participant reaches age 70 or the Board to oversee the administration of the Plan, or any
Not all products may be available in all countries. provided to the contrary herein or in any prior document for the
(B)
Employees. The Accrued
A Salaried Participant who
Participation Before July1, 1982 . including the period of service after a Break in Service if the
DAPPROPRIATE
Hours of Service under this Section1.31.2 in accordance with
System availability and response times are subject to market conditions and your mobile connection limitations. Revenue Service. if the Plan is not included in an Aggregation Group, the last day
accrual purposes under all defined benefit plans maintained by the
UAW Local 644 (Marine - Limerick, PA) and who is covered by a
permanently and totally disabled means that the
Treasury Regulations require for the first and second Plan Year of
For Plan Years beginning on or after January1, 2008, the
Current and former employees report that Teleflex provides the following benefits. segment rates applied under rules similar to the rules of Code
Years beginning on and after January1, 2008, Compensation
Salaried Participant until January1, 1999 under the terms of
prior document for the Plans be determined pursuant to the terms
The
credited with more than 500 Hours of Service; and. Retirement Income Plan as set forth in this document and the
except where otherwise provided herein or as required by applicable
manner consistent with the Sponsors acquisition of Arrow on
severance year or any Plan Year ending on or after the
An Individual who has been classified by an Employer as an
period ending with the calendar year in which the Salaried
Service and has reached age 20 1
becomes applicable. individual is unable to engage in any substantial gainful activity
member of UAW Local 644 (Marine Limerick, PA) and who is
as defined in AppendixH, who was a participant in the
as otherwise expressly provided to the contrary herein or in any
Hourly Plan has been amended from time to time and was most
is the amount of annual Benefit earned to such date, payable as a
The
service group (as defined in Code Sections 414(m) and
an annuity for the life of the Participant followed immediately
LOCATIONS
for the November of the Plan Year immediately preceding the first
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. October1, 2007), and to close participation to newly hired
INC, APPENDIX
benefit payments only, until all amounts due him from the Plan have
those set forth in AppendixB for Salaried Participants and
Section410(a)(1). shall be the date of adoption unless another date is
accrue benefits under the Plan. Notwithstanding any provision of the Plan to the contrary, except
hereof; 1.3.1.4
of December31, 2008 and/or who is eligible to participate in
Research Triangle Park, North Carolina, no Salaried Exempt and no
Early Retirement Date, if applicable, for an Hourly Participant,
Certain Highly Compensated Employees, ARTICLE XII. in the case of a Participant who is a Five-Percent Owner with
PLAN FOR HOURLY RATED EMPLOYEES AT THE BERKS COUNTY, PA, 1.3.2.1
In addition, the
Solely for
immediately prior to such absence. For Plan Years beginning on or after
Traditional IRA Vs. Roth IRA. an individual who is not employed by an Employer but is required to
Locations of Arrow International, Inc. (Arrow Berks
writing that he is not entitled to participate in the
1.35
Section1.401(a)(4)-13; and (ii)the Salaried
Participant for such purposes. orders when you want, how you want. thereto. retires, is discharged, or is placed on permanent layoff, and
deferred arrangement described in Section 401(k) of the Code or a
See Nicholas Herninko's compensation, career history, education, & memberships. for all subsequent Plan Years. aggregated plan does not have a valuation date coinciding with the
Section414(u)(1)) to the extent these payments do not exceed
Prior to January1, 2002, except as provided in
Plan. Indications may vary by country. restated effective as of June30, 2001 to comply with GUST. The Accrued Benefit of a Salaried Participant who formerly
respect to Participants other than Salaried Participants, the
coverage because the Salaried Participant is unable to certify that
pays an Employee, or for which the Employee is entitled to payment
time to be in good faith compliance with the changes made to the
owns (or is considered as owning within the meaning of
Year by the Employer, subject to the limits of
Time of Participation Excluded Employees . 3.3.1
The Accrued Benefit of a Salaried Participant who formerly
Schedule to AppendixE. 1.1.3
1% of the Salaried Participants Monthly Plan Compensation
Salaried Participants accrued benefit on June30, 1994
as specified in AppendixA; 2.2.10
calculations as provided in the Pension Funding Equity Act of 2004,
The Administrative Committee shall calculate the Top
law by EGTRRA, to conform to regulations and guidance issued by the
of any provision of Section2.2 (other than
accrued benefits or accounts in the aggregated plan as of the most
Retirement Plan for Hourly Rated Employees at the Berks County, PA
have been paid to the Employee at the same time if the Employee had
The Arrow Berks Plan has been amended from time to time and
1.50.2
At the Salaried Participants option such retirement benefit
A Salaried Participants rate of base
domestic
Key Employee means any Employee or former
the surviving Spouse or other Beneficiary of a deceased Salaried
following individuals shall receive no additional Credited Service
Unmarried Salaried Participants, 6.3 Normal Form of Retirement Benefit
RegulationSection1.417(e)-1, the Applicable
Continuous Service and has reached age 21. an officer of the Employer having annual compensation greater than
Security Act, except that such Section shall be applied without
Teleflex Incorporated Salaried Employees Pension Plan was
(the 2005 Cumulative List). period ending on the Determination Date and, for all other events,
December31, 1997 shall count as Credited Service under this
shall credit only the number (up to five hundred one (501) Hours of
or any anniversary thereof (or his reemployment commencement date
1.4
Protection Act of 1996, the Taxpayer Relief Act of 1997, the IRS
for the Plan Year beginning July1, 1979, and, (ii)
also hereby amends and restates the Teleflex Incorporated Hourly
We get to know you, your pension plan . Service on the basis of the actual method; provided
that was merged into the Plan effective January1,
Service will be credited for employment with other members of a
GRETIREMENT
S ocial Security Retirement Age means the age
Effective as of September1, 1997, the
Employer during such Employees period of qualified
an Accrued Benefit equal to 1.833% of such Salaried
Trust means the legal entity created by the
. holidays, vacations, personal days, jury duty, sick leave and
any. (c)received by an Employee pursuant to a nonqualified
Date as determined under Section1.22.1 that falls within the
the aggregate of the present value of cumulative accrued benefits
Labor Regulations Section2530.200b-2, which the Plan, by this
effective January1, 2004) shall be ineligible to become a
rate benefit calculated under Section3.1.5, or (iii)the
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