exv10w3





Exhibit 10.3




SECOND AMENDMENT

TO THE

TELEFLEX INCORPORATED DEFERRED COMPENSATION PLAN




Background Information





	A.	 	Teleflex Incorporated (“Company”) previously adopted and maintains the Teleflex Incorporated
Deferred Compensation Plan (“Plan”) for the benefit of the members of its Board of Directors
and a select group of management or highly compensated employees of the Company and of its
affiliated entities which participate in the Plan with the consent of the Company.







	B.	 	The Company desires to amend the Plan, effective as of January 1, 2010, to clarify the
election requirements applicable when a participant elects a fixed distribution date and the
fixed distribution date occurs prior to the participant’s separation from service.







	C.	 	Section 7.1 of the Plan authorizes the Financial Benefit Plans Committee to amend the Plan at
any time and from time to time in accordance with the authority delegated to it by the
Company’s Board of Directors or the Benefits Policy Committee.






Second Amendment to the Plan





The Plan is hereby amended as set forth below effective as of January 1, 2010.




	1.	 	Section 5.1 of the Plan, “Time of Payment,” is hereby amended by adding a new
paragraph to the end thereof to read as follows:







“If a Participant elects an Alternative Date for distribution of his Account balance and the
Participant has not experienced a Separation from Service by the end of the Plan Year prior
to the Plan Year in which the Alternative Date will occur, the Participant must elect
another time of payment for any amounts credited to his Account for the Plan Year in which
the Alternative Date occurs and subsequent Plan Years. The election must be made by the
last day of the Plan Year preceding the Plan Year in which the Alternative Date will occur
in accordance with the procedures established by the Administrative Committee. If a
Participant does not elect a time of payment for any amounts credited to his Account for the
Plan Year in which the Alternative Date occurs and subsequent Plan Years by the last day of
the Plan Year preceding the Plan Year in which the Alternative Date will occur, the
Participant is deemed to have elected to receive payment of any amounts credited to his
Account for the Plan Year in which the Alternative Date occurs and subsequent Plan Years
upon his Separation from Service.”


 


 









 






	2.	 	Section 5.2 of the Plan, “Form of Payment,” is hereby amended by adding a new
paragraph to the end thereof to read as follows:







“If a Participant elects an Alternative Date for distribution of his Account balance and the
Participant has not experienced a Separation from Service by the end of the Plan Year prior
to the Plan Year in which the Alternative Date will occur, the Participant must elect
another form of payment for any amounts credited to his Account for the Plan Year in which
the Alternative Date occurs and subsequent Plan Years. The election must be
made by the last day of the Plan Year preceding the Plan Year in which the Alternative Date
will occur in accordance with the procedures established by the Administrative Committee.
If a Participant does not elect a form of payment for any amounts credited to his Account
for the Plan Year in which the Alternative Date occurs and subsequent Plan Years by the last
day of the Plan Year preceding the Plan Year in which the Alternative Date will occur, the
Participant is deemed to have elected to receive payment of any amounts credited to his
Account for the Plan Year in which the Alternative Date occurs and subsequent Plan Years in
the form of a lump sum payment.”




	3.	 	All other provisions of the Plan shall remain in full force and effect.






	 	 	 	 	 
	 	TELEFLEX INCORPORATED

 	 
	 	By:  	/s/ Douglas R. Carl
 	 
	 
	 
	 	Date: December 30, 2010 	 




 


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