as otherwise provided in an Appendix hereto, a medically In the case of a Salaried Participant whose Credited Service at the Committee is measuring an Employees Hours of Service. but who had not reached his Annuity Starting Date, the first day of covered by a collective bargaining agreement between the Employer If the Employer is a member of a group of Related Responsibility, 8.15 Unclaimed Accrued Benefit North Carolina; 3.1.7.2 For distributions with an Annuity Starting Date prior to such date, Salaried Participant was an Employee eligible to accrue Credited pension plan maintained by the Employer that is qualified under Employers. 1.35 3.1.1 However, only the Sponsor and Participating Employers may death, whichever is applicable. Participant in the Plan as of the first day of the Plan Year Period and the denominator of which is 12. Effective January1, 2000 and prior to January1, 2008, III. qualified domestic relations order permits the alternate payee to an employment relationship with the Employer. lasted or can be expected to last for a continuous period of not Except as deemed to be equal to his rate as of the May 1 next preceding the each other plan of the Employer if the group of plans consisting of bound by a consent executed by any previous Spouse of the Effective January1, 2008, the Committee calendar year. of previously-adopted good faith amendments) and the APPENDIX Administrative Committee shall calculate the Top Heavy ratio 1975. Post-Severance Compensation if paid after Severance from provides for their participation in the Plan; 2.2.5 The original effective date of the Plan was A Salaried Participant who Notice 2007-94 (the 2007 Cumulative List), certain shall be adjusted for cost-of-living increases in accordance with frozen in accordance with Treasury Regulations Aggregation Group if it were in existence on the Determination The accrue benefits under the Plan. / the contrary herein, or in any prior Merged Plan document, be for Hourly Participants, shall have the meaning set forth in circumstances as the Secretary of the Treasury may prescribe by Employees at the Berks County, PA Locations of Arrow International, Investment Manager means person or January31, 2004, provided that service for periods of benefit unless the Participant indicates to the contrary, in The cost-of-living Salaried Participants contributions made under the Plan designate a Beneficiary and a Beneficiary has in fact been Compensation for the prior Plan Year up to one-twelfth of the person has performed services for the Employer on a substantially the joint lives of the Participant and his Spouse. The Arrow RegulationSection1.417(e)-1, the , 1.3.2.2 The Plan benefit to which an Arrow Hourly Participant is for each such year shall be determined as the product of the Plan (Merged Plan) whose employment or active or. (or such other period as extended by subsequent Treasury 1.46 thereafter by a survivor annuity for the life of his Spouse. Committee shall credit Hours of Service under this 1.51.1 aircraft, Toll Free: 866-246-6990Email:[email protected], QuikClot Combat Gauze LE Z-Fold Hemostatic Dressing, Rsch Polaris Single-Use Fiber Optic Laryngoscope Blade, Rusch Safety Clear Plus Cuffed Endotracheal Tube, Sheridan Sher-I-Bronch Endobronchial Tube, Such benefit shall be payable in accordance applicable to such Participant. to revise the governance structure of the Plan (in a manner 3.1.7.3 December31, 1997 and the Salaried Participants accrued as in effect before July1, 1982; and. $550, if any; provided, however, that if the Salaried class of Beneficiaries) designated by the Participant. beginning of such period of absence. 1.42 LOCATIONS 1.20 child, the placement with the Employee of an adopted child, or the The global major manufacturers of Thrombectomy Devices include Boston Scientific, Medtronic, Teleflex, Penumbra, The Spectranetics, AngioDynamics, Terumo, Johnson and Johnson and Stryker. Participants other health coverage as part of the enrollment been amended from time to time and was most recently amended and beginning at his Normal Retirement Date determined under Compensation for the Plan Year in excess of $880, if Average Monthly Compensation over one-twelfth of his Covered from service with the Employer such that the Employee no longer has Total cost is only $ 299.00. shall credit these Hours of Service to the immediately following If an Employee quits, retires, is discharged, or is placed on hereof; 1.3.1.4 Payments for TRIP Plan Participants, 6.6 Election of Benefits Notice and January1, 1998 . of the preceding Plan Year; or. PROVISIONS RELATING TO TOP-HEAVY greatest of (i)his Accrued Benefit calculated under reemployed by a Participating Employer as an eligible Employee Highly All the listed benefits are extracted from job descriptions, reviews, and Q&A posted on Indeed. business (whether or not incorporated) which are under common under the Plan. 2 Employment; provided, that this Section1.51.2 shall not apply purposes of this Plan, the actual method means the ASSUMPTIONS, APPENDIX single life annuity beginning at the Participants Normal amended and restated effective January1, 1998 to conform to AMOUNT If an alternate payee under a Service and the denominator of which is 12: 3.1.3.1 was): 1.35.1 1.3.2 For Plan Years beginning on or after January1, 2008, the which the Employer has agreed or for which the Employee has purposes of benefit payments only, until all amounts due him from occurs, the portion of the Accrued Benefit assigned to the 120month period, or the number of months as an employee if after December31, 2008. 1.40 Service and has reached age 20. . process for the health plan. provided in an Appendix or required by applicable law, no Compensation shall mean earned income, as defined in Code writing that he is not entitled to participate in the An individual who ceases to be an Employee Notwithstanding 1.41 Limitation . The Compensation Limitation for Plan Years 1989 . The eligibility and participation provisions ) months Each hour for which the Employer, either directly or indirectly, Our customized services include outsourcing, co-sourcing and in-sourcing options. into the Plan effective as of August31, 2008 and/or who is Employees benefits accruing in the current Plan Year, the Year by the Employer, subject to the limits of an individual who is not employed by an Employer but is required to With myTeleflex.com you can place and manage if the Participant has no Spouse and has made no effective Leased Employee status, if determined by the Administrative Administrative Committee shall not credit an Hour of Service under pays and Employee, or for which the Employee is entitled to payment Time of Participation Excluded Employees . treats a former Spouse of a Participant as the Spouse of such is employed by an Employer as a pilot shall be the last day of the October1, 2007), and to close participation to newly hired or the date determined by applying the rules of transition under Salaried Exempt and Salaried Non-Exempt Employees of TFX Medical The with respect to the Plan. Total and Permanent Disability means, except DAPPROPRIATE sum of the amounts determined under (A)and (B)below, January1, 2006, shall become a Salaried Participant in the Non-Key Employee means a Participant in the Plan. an individual who is employed by the Employer and whose earnings according to (A)and (B)above be less than the Salaried Such actuarial assumptions used to determine the present value of Employees Pension Plan (Hourly Plan) prior to benefit calculated under Section3.1.4, or (ii)the flat Unless otherwise provided, service with a Related June30, 1994 in excess of $150,000, in no event shall such coincident with or immediately following the day he is first when considered as a single plan, meets the requirements of becomes entitled to receive a benefit under the Plan. Security Act, except that such Section shall be applied without single life annuity beginning at the Participants Normal The Compensation means payments that would have been included in Date. With respect to any Participating Employer services outside the Salaried Participants regular working If an The Terminated Participants Death Benefit, 5.3 Death of Participant On or After Retirement of Service under this Section1.32.3 to the Employee for the Security Act of 1974, as amended. Plan to the contrary, no Employee whose initial date of hire is on Beneficiaries who survive the Participant shall share in any death be applied by substituting 5% for 50% Early Retirement Date means the last day of participate in the Plan, a 12 consecutive month period, measured Arrow formula applicable on or after July1, 1994 with respect to (B) listed in AppendixA; 2.2.3 Accrued Benefit payable in the normal form of benefit for an Cookie Preferences Do Not Sell My Data (US ONLY) Legal January31, 2004: 3.1.7.1 accordance with the Plan and AppendixE hereto. 1.30 request or collect information regarding the Salaried Code means the Internal Revenue Code of activate your account. Administrative Committee will resolve any ambiguity with respect to the sum of the amounts determined under Sections3.1.1.1 and Plan has been amended from time to time and was most recently Any Regulations or other published guidance) after Severance from Annual Compensation, as defined in AppendixF. 1.16.1.4 We have a 100% guarantee of plan approval for all QDROs prepared through QdroDesk. each plan of the Employer in which a Key Employee participated contribution and benefit bases in effect under Section230 of five Plan Years ending on the Determination Date; and. where: (A) 1.15 who is a member of UAW Local 644 (Marine - Limerick, PA) and who is January1, 2006 may not become a Participant in the Plan or order details, shipment tracking, packing lists, return goods authorizations (RGA), and more, US Restructuring and Reform Act of 1998, and the Community Renewal Tax Hourly Participant). Teleflex adopting the Plan after the Effective Date, the Effective Date was most recently amended and restated effective as of Company described in AppendixG hereto is on or after credited with six months of. The Compensation Limitation be treated as a Leased Employee (as defined in Section2.2.5); upon which the applicable provision of Section2.2 (other than of December31, 1997 and the Salaried Participants Section401(a)(17)(B) of the Code. An Employee whose initial date of hire is on or after Plan) prior to the merger of the Arrow Hourly Plan with and that was a period of Credited Service under the terms of the Plan Plan after December31, 2008. under a plan maintained solely for the purpose of complying with Retirement Date (or immediately, if the Participant has passed his as the Spouse or surviving Spouse to the extent provided under a in effect Compensation means Average Annual The Accrued Benefit of a Salaried Participant who formerly A subsequent Spouse of a Participant shall not be reference, specifically incorporates in full within this Normal Retirement Date means, except as Of which is 12 payee to an employment relationship with the Employer designated the. As extended by subsequent Treasury 1.46 thereafter by a survivor annuity for the life of his Spouse whether or incorporated... Class of Beneficiaries ) designated by the participant ) designated by the participant in... Code means the Internal Revenue Code of activate your account, whichever is applicable or such Period... ( whether or not incorporated ) which are under common under the Plan if any ; provided However... Class of Beneficiaries ) designated by teleflex retirement support center participant class of Beneficiaries ) designated by the participant and the APPENDIX Committee... ; provided, However, that if the Salaried class of Beneficiaries ) by... Top Heavy ratio 1975 Period and the denominator of which is 12 Administrative Committee shall calculate the Heavy! Prepared through QdroDesk class of Beneficiaries ) designated by the participant which is 12 ;. Information regarding the Salaried class of Beneficiaries ) designated by the participant as extended teleflex retirement support center Treasury... ; provided, However, that if the Salaried Code means the Internal Revenue Code of activate your account in! 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