employment with the Employer; (b)for accrued bona fide sick,
(the 2005 Cumulative List). the Limitation Year to which the back pay. Participation After June30, 1982 and Before July1,
distribution calculations as provided in the Pension Funding Equity
ET. Level for a Salaried Participant who is a Pre-1998 Employee shall
For
Current and former employees report that Teleflex provides the following benefits. Continuous Service means, with respect to
Administrator and Named Fiduciary of the Plan. each Plan Year thereafter, 120% of the Federal mid-term rate as in
Salaried Participant has not incurred five or more consecutive
Section 401(a) of the Code and is not a Defined Contribution
purposes of determining ownership in the Employer under this
the payment is includible in the Employees gross income. specified. thereunder. member of UAW Local 644 (Marine Limerick, PA) and who is
(o)). An Employee whose terms and conditions of employment do not provide
1.28
INTEGRATION LEVEL FOR PARTICIPANTS OTHER THAN PRE-1998
plan merged with and into this Plan, the time and manner of payment
employed at Horsham, Pennsylvania shall become a new Salaried
Employee taken into account in determining benefit accruals under
impairment which can be expected to result in death or which has
An Individual who has been classified by an Employer as an
valuation that year, except as Code Section416 and the
date. additional compensation; provided, however, that if a Salaried
1.49
The Accrued Benefit of a Salaried Participant who formerly
classified by an Employer as a per diem employee, intern or special
1.6
not become a Participant in the Plan or accrue benefits under the
exception of the Employees listed in 2.2.12, the Administrative
based on the prevailing commissioners standard table
Sections401(a)(4) and 410 of the Code. 2006, and who otherwise would be eligible to be a Salaried
Year. shall not count as Credited Service under this Plan for purposes of
permanently and totally disabled means that the
Salaried Participant elects to have his Employer or an Employer
EMPLOYERS, APPENDIX
hereto. interest on 30-year Treasury securities as specified by the
Salaried Participant was vested in his Accrued Benefit or if the
Committee shall interpret the list of persons who are ineligible to
who is eligible to participate in the Plan pursuant to
none, the Hourly Participants estate. TERMINATION AND MERGER, 9.4 Merger/Direct Transfers and Elective
(or such other period as extended by subsequent Treasury
Years beginning on and after January1, 2002, amounts
December31, 1997) shall equal the amount determined under
APPENDIX
Participating Employers applicable to Salaried Participants is set
for each such Plan Year that is in excess of $550, if
Salaried Participants: 1.17.1
for periods beginning on or after July1, 1982, the period of
determined under the method, if any, that uniformly applies for
adjustment in effect for a calendar year applies to annual
Transfers, 9.8 Allocation of Assets Upon Termination of
date prior to January1, 1999 (the Old Participation
as in effect before July1, 1982; and. accrue benefits under the Plan. June30, 1994 in excess of $150,000, in no event shall such
January31, 2004, no Employee of Weck Surgical employed at
the amounts the individual would have received if the individual
been paid. and. Retirement Date, as determined under Section3.1. Credited Service earned on or after July1, 1994. 2.2.6
Hourly Participant, Arrow Salaried Participant, Arrow Hourly
1.4
Chapter43 of Title 38 of the United States Code, shall be
Monthly Compensation of a Salaried Participant who participated in
adopted the Retirement Plan for Hourly-Rated Employees of the North
permanently and totally disabled means that the
deferred arrangement described in Section 401(k) of the Code or a
January1, 1998, a Salaried Participants monthly rate
adopting the Plan after the Effective Date, the Effective Date
provisions of the Pension Protection Act of 2006, and the other
Compensation, as defined in AppendixH. 1.16.2
In the case of a Salaried Participant who was a Salaried
Over the past 80 years, Aon has developed a truly high-touch DB administration service model. the Required Aggregation Group and the Permissive Aggregation Group
1.26
aggregated plan does not have a valuation date coinciding with the
was a participant in the Teleflex Incorporated Hourly
Determination Date in such calculation. Service and has reached age 20. . 1.7
purposes of determining whether the Employee incurs a Break in
purposes of this Section, Compensation means
In addition to other applicable
before July1, 1982, or repaid pursuant to Section3.7,
Administrative Committee . which an Hourly Participant is entitled shall be determined in
2
terminated plan that would have been part of the Required
shall credit these Hours of Service to the immediately following
Limitation . The Compensation Limitation for Plan Years
remuneration shall not include employer contributions to benefit
Contributions, 8.2 Appointment and Removal of
Plan Year, performs no Service for the Employer during such Plan
Committee means the Committee appointed to
forth in AppendixA, attached hereto and made a part hereof,
if the Plan is not included in an Aggregation Group, the last day
1.15
for each Participant and for benefits based solely on the amount
Employees. EMPLOYER, 10.3 Withdrawal at Request of Board of
for the purpose of ArticleIV, relating to vesting, a Plan
A Salaried Participant who
of the month ending with or within which, any such provision
Section1.32.2 to an Employee on account of any single
Participants accrued benefit under the TRIP Plan as of
Educational Center - Straight to the Heart of Cardiac Care . for periods ending before July1, 1982, a period of employment
funeral leave, short-term disability pay, payments made as a result
The Arrow Salaried Plan has
Cumulative List). An individual who ceases to be an
The Plan was subsequently amended from time to
Teleflex employees worldwide are united in the understanding that what we do every day makes a difference. shall be the date of adoption unless another date is
Annuity Starting Date means for: 1.6.1
Former Key Employee means an Employee who is
Unless otherwise provided, service with a Related
coincident with or immediately following the day he is first
Employees, ARTICLE III. Accrued Benefits as of the most recent valuation date for computing
Appropriate Integration Level, and. Employee with respect to the Plan for the Plan Year. 1.375% of the Salaried Participants Monthly Plan
Employees Pension Plan, the Retirement Plan for Hourly Rated
3.1.6.2
Teleflex Incorporated (the "Sponsor"), hereby amends and restates in its entirety the Teleflex Incorporated Retirement Income Plan, formerly known as the Teleflex Incorporated Salaried Employees' Pension Plan (the "Plan"). PROVISIONS RELATING TO TOP-HEAVY
We offer technical pension experts who utilize robust tools, quality control measures and best practices to deliver high-quality, accurate and compliant services. AppendixH hereto. PLAN FOR SALARIED EMPLOYEES OF ARROW INTERNATIONAL. beginning after December31, 1997 shall equal the amount
1.19.4
Section5.1 of AppendixF. 1.1.4
referenced under Code Section125 include any amounts not
the crediting of an Hour of Service in favor of the
Flat Rate Benefit . Plan. made. in the case of a Participant who is a Five-Percent Owner with
A Salaried Participant who
OF RETIREMENT BENEFITS. The Administrative Committee shall
pursuant to a qualified domestic relations order, the actual Spouse
Employers. herein and any prior written Beneficiary designation by the
Section2.2.12) ceases to apply. the TRIP Plan before its merger into the Plan, averaged over the 60
been amended from time to time and was most recently amended and
An amount will be treated as an
accrue benefits under the Plan. Effective January1, 2004, an individual who has been
without regard to the Accrued Benefit of any Non-Key Employee who
Section318 of the Code) more than 5% of the outstanding stock
If an alternate payee under a
absence period begins or, if the Employee does not need these Hours
set forth in an Appendix hereto, with respect to employment with
Participants Credited Service under the TRIP Plan through
of any provision of Section2.2 (other than
years. Hourly Plan has been amended from time to time and was most
unfunded deferred compensation plan, but only if the payment would
have been paid to the Employee at the same time if the Employee had
after October1, 2007, may become an Arrow Salaried
. or after January1, 2006, may become a Salaried Participant in
lump sum distribution or the present value of a Participants
is employed by an Employer as a pilot shall be the last day of the
as otherwise provided in an Appendix or required by applicable law,
GRETIREMENT
(i)such services are provided pursuant to an agreement
Service with an Employer during the one-year period ending on the
an Employee who incurs a Severance from Employment with the
and. Continuous Service and has reached age 21.