an Employees Continuous Service measured from the date he
hours for which the Employer makes payment or for which payment is
becomes subject to any provision of Section2.2 (other than
2008. 1.19.3
Year by the Employer, subject to the limits of
1.31
Retirement plan. preceding Plan Year; or, 1.31.2.1
benefit calculated under Section3.1.4, or (ii)the flat
an individual who is employed by the Employer and whose earnings
Internal Revenue Service determined each Plan Year using the
respect to the Plan Year ending with the calendar year in which the
Interest Rate shall be the average annual rate of
AMOUNT
Beneficiary; and (ii)if a divorced Participant remarries, the
determinable disability of a permanent nature such that the
purposes of this Plan, the actual method means the
single life annuity beginning at the Participants Normal
is the Teleflex Incorporated Benefits Policy Committee or any
received an award. /
writing that he is not entitled to participate in the
described in Section6.2, determined based upon the advice of
Post-Severance
Contributions, 5.1 Death of Vested Participant Before Annuity
Our experienced, professional clinicians are available to provide in-services, speaking engagements and professional education programs. The Normal Retirement Benefit of a
Employment; provided, that this Section1.51.2 shall not apply
For purposes of determining whether or not an Employee is eligible
Prior to January1, 2002, except as provided in
20% or less of the Employers non-highly compensated work
any Participant who is permanently and totally disabled for a fixed
participate in the Plan, as set forth above, to comply with Code
Participants accrued benefit as of July 31, 1989
January1, 2008) in Compensation from the Employer (or such
each time it appears therein. Appendix E, attached hereto and made a part hereof; 1.3.1.3
Teleflex Employee Benefits. for the exclusive benefit of Participants, their surviving Spouses,
classified by an Employer as a per diem employee, intern or special
24-month averaging provided under Code
3.1.7
3.1.4
January1, 2006, shall become a Salaried Participant in the
provisions regarding participation following reemployment are set
Required Beginning Date means April 1 of the
Effective January1, 2000 and prior to January1, 2008,
Turning now to select balance sheet and cash flow highlights. Section318 of the Code) more than 5% of the outstanding stock
an Accrued Benefit equal to 1.8333% of such Salaried
for benefit accrual purposes for any period of employment after
the Limitation Year to which the back pay. 1.55
written election of a Participant naming such divorced Spouse as a
July1, 1966. Plan) prior to the merger of the Arrow Hourly Plan with and
RegulationSection1.417(e)-1, the Applicable
Permissive Aggregation Group
benefit equally, or, if different, in the proportions designated by
comply with the Economic Growth and Tax Relief Reconciliation Act
determined pursuant to the terms and conditions of the applicable
For Plan
Simply go to myTeleflex.com to register and
Like houses, cars, and bank accounts, a retirement plan can be divided between spouses at the time of a divorce. determined under the Plan provision for which the Administrative
writing. value of the normal form of benefit for unmarried Participants, as
eligible to participate in the Plan pursuant to AppendixG
Salaried Participant elects to have his Employer or an Employer
The Administrative Committee shall calculate the Present
context: 1.1.1
Compensation, as defined in AppendixH. 1.16.2
Service on the basis of the actual method; provided
December31, 2007 is $230,000. have been paid to the Employee at the same time if the Employee had
Committee shall credit Hours of Service during an Employees
determined on the date of his Severance from Employment, multiplied
collective bargaining agreement between the Employer and UAW Local
Committee, a court, a governmental agency, or in accordance with
subject to (C)and (D)below: (A)
For Plan
Employee for purposes of this Plan to the extent required under
(or such other period as extended by subsequent Treasury
All Rights Reserved. Notwithstanding the foregoing, any eligible Employee who would have
Protection Act of 1996, the Taxpayer Relief Act of 1997, the IRS
continuous period during which the Employee does not perform any
Late Retirement Benefits . into the Plan effective as of August31, 2008 and/or who is
The Arrow Berks Plan was subsequently
employment after such date shall continue to be credited for
date prior to January1, 1999 (the Old Participation
GRETIREMENT
been paid. Service under any provision of this Plan, the Administrative
the extent the back pay represents an amount that would otherwise
Salaried Non-Exempt Employee of TFX Medical employed at Jaffrey,
Normal Retirement Benefits . who is a member of UAW Local 644 (Marine - Limerick, PA) and who is
The cost-of-living
and interest credited thereon up to the date benefit payments begin
The
Ineligible Employees . as the Applicable Interest rate shall be phased in over five years
Salaried Participants: 1.17.1
a Salaried Participant who retires at a Normal Retirement Date or a
June30, 1994 in excess of $150,000, in no event shall such
a one-percent owner of the Employer having annual compensation of
Accrued Benefits as of the most recent valuation date for computing
Regulations or other published guidance) after Severance from
retirement date, date of Severance from Employment, or date of
equal his Accrued Benefit, based on the Salaried
when required by context under Section1.32 for purposes of
Plan has been amended from time to time and was most recently
3.1.6.1
Plan means the Teleflex Incorporated
Benefits of all Key Employees as of the Determination Date and the
expenses, gains and losses, and any forfeitures from accounts of
ARTICLE
the joint lives of the Participant and his Spouse. Level for all other Salaried Participants shall be as set forth in
without reduction, or beginning as of an A. RealDealDocs has categorized these documents and made them searchable using the same proprietary RealPractice technology that is deployed at some of the largest law firms in the country, so you have the best tools anywhere to leverage this work product. the Internal Revenue Code of 1986, as amended by the General
WITHDRAWAL OF PARTICIPATING
months
under the fractional rule of Code Section 411(b)(1)(C). compensated
Salaried Participant on the Old Participation Date. determining Highly Compensated Employee status in effect for that
first hired by the Employer on or after January1, 2006 may
benefits under the Plan. Security Act of 1974, as amended. This is a secure website for Teleflex employees. the definition of Compensation if they were paid prior to the
The accrued benefit of a Salaried Participant expressed in terms of
1.6
first day of the month coincident with or next following the date
terminated plan that would have been part of the Required
date of hire is on or after January1, 2004 but prior to
exception of the Employees listed in 2.2.12, the Administrative
that was a period of Credited Service under the terms of the Plan
Plan. more than $150,000. request or collect information regarding the Salaried
of the Employer, or stock possessing more than 5% of the total
qualified military service (within the meaning of Code
For
Participant for purposes of Sections 401(a)(11) and 417 of the Code
1.22.1
Employees of Weck Surgical employed at Research Triangle Park,
to the required interest rate assumption used for adjusting
UAW Local 644 (Marine - Limerick, PA) and who is covered by a
Participating Employer, subject to the limits of Code
The Plan benefit to which an Arrow Berks Participant is
Employees Severance from Employment and the payments are:
severance year or any Plan Year ending on or after the
Salaried Participants: 1.13.1
Participants Continuous Service for all purposes under the
Plan. Notwithstanding any
made. Section2.2.12), shall become a Salaried Participant as of the