Document:

exv10w16

 

Exhibit 10.16

RETIREMENT SAVINGS RESTORATION

PLAN

Originally Adopted – January 1, 2007

Last Amended January 1, 2008

E. I. du Pont de Nemours and

Company

 

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RETIREMENT SAVINGS RESTORATION PLAN

I. PURPOSE

     The purpose of this Plan is to provide an eligible employee with the opportunity to
defer, until termination of employment, receipt of salary that, because of compensation
limits imposed by law, is ineligible to be considered in calculating benefits within the
Company’s tax-qualified defined contribution plan(s) and thereby recover benefits lost
because of that restriction.

II. ADMINISTRATION

     The administration of this Plan is vested in the Board of Benefits and Pensions
appointed by Company. The Board may adopt such rules as it may deem necessary for the proper
administration of the Plan, and may appoint such person(s) or group(s) as may be judged
necessary to assist in the administration of the Plan. The Board’s decision in all matters
involving the interpretation and application of this Plan shall be final. The Board shall
have the discretionary right to determine eligibility for benefits hereunder and to construe
the terms and conditions of this Plan.

III. ELIGIBILITY

     An employee of the Company who is participating in the E. I. du Pont de Nemours and
Company Retirement Savings Plan and who is Grade 7 or above (or equivalent level for a
participating subsidiary) shall be eligible to participate in this Plan (hereinafter
“Participant”).

     For purposes of this Plan, the term “Company” means E.I. du Pont de Nemours and
Company, any wholly-owned subsidiary or part thereof and any joint venture, partnership,
or other entity in which E.I. du Pont de Nemours and Company has an ownership interest,
provided that such entity (1) adopts this Plan with the approval of

 

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E.I. du Pont de Nemours and Company and (2) agrees to make the necessary financial
commitment in respect of any of its employees who become Participants in this Plan.

IV. PARTICIPANTS’ ACCOUNTS

(A) Participant Contributions. A Participant may elect to defer receipt of a percentage of
compensation (as defined in the Retirement Savings Plan) in excess of the amount
prescribed in Internal Revenue Code Section 401(a)(17), and have the dollar equivalent of
the deferral percentage credited to a Participant Account under this Plan. The deferral
percentage elected under this Plan shall not exceed 6%. Except as provided below, such
deferral election will be made prior to the beginning of each calendar year and will be
irrevocable for that calendar year.

For purposes of a Participant’s first year of participation in this Plan, the
compensation deferral election must be made within 30 days of the date the employee
becomes eligible to participate in the Plan, and no later than 30 days prior to the
first day of the month for which compensation is deferred and will be irrevocable for
the remainder of that calendar year.

(B) Company Matching Contributions. To the extent that a Participant makes a deferral
election under the terms of subparagraph (A) above, the Company will credit to that
Participant’s Account in this Plan an amount equivalent to 100% of the Participant
Contribution.

(C) Company Non-elective Contributions. For each employee eligible to participate in
this Plan, whether or not he or she makes a deferral election under the terms of
subparagraph (A) above, the Company will credit to that Participant’s Account in this
Plan an amount equal to 3% of the employee’s compensation (as defined in the Retirement
Savings Plan) in excess of the amount prescribed in Internal Revenue Code Section
401(a)(17).

(D) Earnings Equivalents. Credits for Participant Contributions and Company Matching
and Non-elective Contributions shall be treated as having been invested in one or more
of the investment options available for the ongoing deposit of new

 

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employee contributions in the Retirement Savings Plan. Additional credit (or debit)
amounts will be posted to the Participant’s Account in this Plan based on the
performance of those investment options.

The Participant shall have the right to:

	 	(1)	 	designate which of the available investment options are to be
used in valuing his/her Account under this Plan, subject to the rules
governing investment direction in the Retirement Savings Plan; and/or
	 
	 	(2)	 	change the designated investment options used in valuing
his/her Account under this Plan, subject to the rules governing investment
direction and/or transfers among funds in the Retirement Savings Plan.

(E) Credits to Accounts. Participant Contributions, Company Matching and Non-elective
Contributions and Earnings Equivalents shall be credited (or debited) to the Participant’s
Account under this Plan as unfunded book entries stated as cash balances, and will not be
payable to Participants until such time as employment with the Company terminates. The
cash balances in Participant Accounts shall be unfunded general obligations of the
Company, and no Participant shall have any claim to or security interest in any asset of
the Company on account thereof.

V. VESTING

     Participant Contributions and Company Matching and Earnings Equivalents attributable
thereto shall be vested at the time such amounts are credited to the Participant’s Account.
Company Non-elective Contributions and Earnings Equivalents thereto shall be vested after
the employee completes 3 years of service, as defined in the Retirement Savings Plan.

VI. PAYMENT OF BENEFITS

     Amounts payable under this Plan shall be paid in a lump sum as soon as practical
following termination of employment, unless a Participant irrevocably elects under rules
prescribed by the Board of Benefits and Pensions to receive payments at a later
commencement date or in a series of annual installments. Any such election shall be
made by the Participant at the time the deferral election is made.

 

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Notwithstanding any provision of this Plan to the contrary, amounts payable to an
officer of the Company shall be paid no sooner than the sixth month anniversary of the
employee’s termination date. All payments under this Plan shall be made by, and all
expenses of administering this Plan shall be borne by, the Company.

VII. NON-ASSIGNMENT

     No assignment or alienation of the rights and interests of participants, beneficiaries
and survivors under this Plan will be permitted or recognized under any circumstances. Plan
benefits can be paid only to participants, beneficiaries or survivors.

VIII. RIGHT TO MODIFY

     The Company reserves the right to change or discontinue this Plan in its
discretion by action of the Compensation & Benefits Committee or its delegate.exv10w1

 

Exhibit 10.1

SENIOR EXECUTIVE OFFICER SEVERANCE AGREEMENT

     THIS SENIOR EXECUTIVE OFFICER SEVERANCE AGREEMENT is made as of April 28, 2008, between
TELEFLEX INCORPORATED (the “Company”) and Julie McDowell (“Executive”).

Background

     A. Executive is employed by the Company as the Company’s Senior Vice President, Corporate
Communications.

     B. The purpose of this Agreement is to provide for certain severance compensation and benefits
to be paid or provided to Executive in the event of the termination of her employment under
circumstances specified herein and to provide also for certain commitments by Executive respecting
the Company.

Terms

     THE PARTIES, in consideration of the mutual covenants hereinafter set forth, and intending to
be legally bound hereby, agree as follows:

     1. Definitions. The following terms used in this Agreement with initial capital
letters have the respective meanings specified therefor in this Section.

     “Affiliate” of any Person means any other Person that controls, is controlled by or is
under common control with the first mentioned Person.

     “Agreement” preceded by the word “this” means this Senior Executive Officer Severance
Agreement, as amended at any relevant time.

     “Annual Incentive Plan” means the Management Incentive Plan (MIP) or Executive
Incentive Plan (EIP) of the Company providing for the payment of annual bonuses to certain
employees of the Company, including Executive, as such Plans may be amended from time to time or,
if such Plans shall be discontinued, any similar Plan or Plans in effect at any relevant time.

     “Base Salary” of Executive means the annualized base rate of salary paid to Executive
as such may be increased from time to time.

     “Cause” means (a) misappropriation of funds, (b) conviction of a crime involving moral
turpitude, or (c) gross negligence in the performance of duties, which gross negligence has had a
material adverse effect on the business, operations, assets, properties or financial condition of
the Company and its subsidiaries taken as a whole.

 

 

     “Change of Control Severance Agreement” means the Executive Severance Agreement,
dated June 21, 2005, between Executive and the Company, relating to termination of employment of
Executive after the occurrence of a Change of Control of the Company (defined in such Agreement).

     “Code” means the Internal Revenue Code of 1986, as amended.

     “Commencement Date” with respect to the commencement of any compensation or provision
of benefits pursuant to this Agreement means the first day of the seventh month beginning after the
Termination Date; provided that if it shall be determined that earlier payment or provision of such
compensation or benefits is permissible under Section 409A of the Code, “Commencement Date” shall
mean the earliest such permissible date.

     “Confidential Information” has the meaning specified therefor in Section 9.

     “Employment” means substantially full time employment of Executive by the Company or
any of its Affiliates.

     “Good Reason” means the occurrence of one or more of the following:

          (a) A change of the principal office or work place assigned to Executive to a location more
than 25 miles distant from its location immediately prior to such change.

          (b) A material reduction by the Company of the executive title, duties, responsibilities,
authority, status, reporting relationship or executive position of Executive; provided that if the
Company sells or otherwise disposes of any part of its business or assets or otherwise diminishes
or changes the character of its business, the change in the magnitude or character of the Company’s
business resulting therefrom will not itself be deemed to be a reduction of Executive’s
responsibilities, authority or status within the meaning of this clause (b).

          (c) A reduction of Executive’s Base Salary or a material reduction in the Executive’s annual
target incentive opportunity under the Annual Incentive Plan.

     “Health Care Continuation Period” means the period commencing on the Termination Date
and ending on the earlier of (i) the last day of the Severance Compensation Period or (ii) the
first date on which Executive is eligible to participate in a health care plan maintained by
another employer.

     “Insurance Benefits Period” means the period commencing on the Commencement Date and
ending on the earlier of (i) the last day of the Severance Compensation Period or (ii) the first
date on which Executive is eligible to participate in a life and/or accident insurance plan
maintained by another employer.

     “Notice of Termination” has the meaning specified therefor in Section 3.

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     “Performance Period” applicable to any compensation payable (in cash or other
property) under any Plan, the amount or value of which is determined by reference to the
performance of participants or the Company or the fulfillment of specified conditions or goals,
means the period of time over which such performance is measured or the period of time in which
such conditions or performance goals must be fulfilled.

     “Person” means an individual, a corporation or other entity or a government or
governmental agency or institution.

     “Plan” means a plan of the Company for the payment of compensation or provision of
benefits to employees in which plan Executive is or was, at all times relevant to the provisions of
this Agreement, a participant or eligible to participate.

     “Prorated Amount” has the meaning specified therefor in Section 4(c).

     “Release” has the meaning specified therefor in Section 7.

     “Severance Compensation Period” means the 18 month period commencing on the day after
the Termination Date, provided that for each completed year of full-time employment by Executive
from and after January 1, 2008, one additional month shall be added to the Severance Compensation
Period not to exceed an additional six months.

     “Termination Date” means the date specified in a Notice of Termination complying with
the provisions of Section 3, as such Notice of Termination may be amended by mutual consent of the
parties.

     “Termination of Employment” means a cessation of Employment other than such a
cessation occurring (i) by reason of Executive’s death or disability or (ii) under circumstances
which entitle Executive to receive severance compensation and benefits pursuant to the Change of
Control Severance Agreement.

     “Year of Termination” means the Year in which Executive’s Termination Date occurs.

     “Year” means a fiscal year of the Company.

     2. Continued Employment of Executive. The parties acknowledge that Executive’s
employment by the Company is at will and, except as the parties may hereafter agree in writing,
such employment may be terminated by either party at any time, subject only to the giving of prior
notice pursuant to Section 3. Nothing in this Agreement shall be construed as giving Executive any
right to continue in the employ of the Company.

     3. Notice of Termination of Employment. The party initiating any Termination of
Employment shall give notice thereof to the other party (a “Notice of Termination”). A Notice of
Termination shall (i) state with reasonable particularity the reasons for such Termination of
Employment, if any, which are relevant to Executive’s right to receive compensation and benefits
pursuant to this Agreement and (ii) specify the date such Termination of Employment

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shall become effective which, without the consent of such other party, shall not be earlier
than 30 days after the date of such Notice of Termination.

     4. Compensation upon Termination of Employment. Subject to the terms of Sections 6
and 7, upon Termination of Employment (i) by the Company other than for Cause or (ii) by Executive
within 3 months after the occurrence of a Good Reason, Executive will receive from the Company the
following payments and benefits:

          (a) Cash Bonuses for Years Preceding the Year of Termination. If any cash bonus
pursuant to an Annual Incentive Plan in respect of a Performance Period which ended before the Year
of Termination shall not have been paid to Executive on or before the Termination Date, the Company
will pay Executive, promptly after the Termination Date, such bonus in the amount of Executive’s
award earned for the Performance Period; provided, however, that if any such Annual Incentive Plan
requires, as a condition to eligibility for payment, that a participant be employed by the Company
on the date payment is made, then payment of the bonus under such Annual Incentive Plan for the
Performance Period ended before the Year of Termination shall be made on the Commencement Date.

          (b) Continuation of Base Salary. The Company will pay Executive (i) on the
Commencement Date an amount equal to seven-twelfths of Executive’s Base Salary as in effect
immediately prior to the Termination Date, and (ii) each month thereafter during the Severance
Compensation Period an amount equal to one-twelfth of Executive’s Base Salary as in effect
immediately prior to the Termination Date.

          (c) Payment of Annual Incentive Plan Award for Performance Period Not Completed Before the
Termination Date. If the Termination Date occurs before the last day, but after completion of
at least six months, of a Performance Period under the Annual Incentive Plan, the Company will pay
Executive the Prorated Amount of Executive’s award under the Annual Incentive Plan for that
Performance Period. The amount of the award, from which the Prorated Amount is derived, shall be
determined based on the degree to which each performance goal on which such award is based has been
achieved at the end of the Performance Period (provided that any individual performance component
shall be equal to the target award amount for such component). The “Prorated Amount” of the award
means an amount equal to the portion of the award which bears the same ratio to the amount of the
award as the portion of such Performance Period expired immediately before the Termination Date
bears to the entire period of such Performance Period.

          (d) Vehicle Allowance. The Company will provide Executive with a vehicle allowance
equal to the reasonably equivalent value for the use of the vehicle then utilized by Executive for
the Severance Compensation Period. The Company shall pay Executive (i) an amount equal to seven
times the applicable monthly allowance on the Commencement Date and (ii) an amount equal to the
applicable monthly allowance each month thereafter for which the vehicle allowance is provided.

          (e) Outplacement. The Company shall reimburse Executive for expenses incurred for
outplacement services during the Severance Compensation Period, up to a maximum

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aggregate amount of $20,000, which services shall be provided by an outplacement agency
selected by Executive.

          (f) Health Care Coverage. During the Health Care Continuation Period (i) the Company
will provide health care coverage under the Company’s health care Plan for Executive and
Executive’s spouse and dependents comparable to the health care coverage Executive last elected to
receive under such Plan as an employee, subject to modifications from time to time to the coverage
under such Plan which apply generally to executive officers of the Company, or (ii) at the
Company’s election, in lien of the health care coverage described in clause (i), the Company will
pay Executive cash monthly in an amount equal to Executive’s after-tax cost to obtain comparable
health insurance coverage from commercial sources. The aggregate premium cost of providing such
coverage will be borne by the Company and Executive in accordance with the Company’s policy then in
effect for employee cost sharing, on substantially the same terms as would be applicable to an
executive officer of the Company. The COBRA health care continuation coverage period under Section
4980B of the Code shall begin at the end of the Health Care Continuation Period.

          (g) Life and Accident Insurance. Subject to the terms, limitations and exclusions of
the Plan or Plans for provision of life and accident insurance and the Company’s related policies
of group insurance, (i) during the Insurance Benefits Period the Company will provide life and
accident insurance coverage for Executive comparable to the life and accident insurance coverage
which Executive last elected to receive as an employee under the applicable Plan for such benefits,
subject to modifications from time to time of the coverage available under such Plan or related
insurance policies which are applicable generally to executive officers of the Company, and (ii) on
the Commencement Date the Company will reimburse Executive for the Company’s share (determined in
accordance with the next sentence) of any premiums paid by Executive for such life and accident
insurance during the period from the Termination Date to the Commencement Date. The cost of
providing such insurance will be borne by the Company and Executive in accordance with the
Company’s policy then in effect for employee participation in premiums, on substantially the same
terms as would be applicable to an executive officer of the Company. The Company shall pay its
share of such premiums to the applicable insurance carrier(s) on the due date(s) established by
such carrier(s), but in no event later than the last day of the calendar year in which such due
date(s) occurs.

     5. Deductions and Taxes. Amounts payable by the Company pursuant to this Agreement
shall be paid net of (i) taxes withheld by the Company in accordance with the requirements of law
and (ii) deductions for the portion of the cost of certain benefits to be borne by Executive
pursuant to Sections 4(f) and (g).

     6. Compensation and Benefits Pursuant to Other Agreements and Plans. Nothing in this
Agreement is intended to diminish or otherwise affect Executive’s right to receive from the Company
all compensation payable to Executive by the Company in respect of her Employment prior to the
Termination Date pursuant to any agreement with the Company (other than this Agreement) or any
Plan.

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     7. Executive’s General Release. As a condition to the obligations of the Company to
pay severance compensation and provide benefits pursuant to Section 4, the Company shall have
received from Executive immediately following the Termination Date a general release in
substantially the form of Exhibit A executed by Executive (the “Release”), and Executive shall not
thereafter revoke the Release. If Executive fails to execute, or if Executive revokes, the
Release, no payments or benefits shall thereafter be made or provided to Executive pursuant to this
Agreement, and Executive shall be required to reimburse to the Company any payments or benefits
received by Executive pursuant to this Agreement, but Executive’s obligations pursuant to
Sections 8 and 9 shall continue in force.

     8. Confidential Information. Executive acknowledges that, by reason of Executive’s
employment by and service to the Company, Executive has had and will continue to have access to
confidential information of the Company and its Affiliates, including information and knowledge
pertaining to products and services offered, innovations, designs, ideas, plans, trade secrets,
proprietary information, distribution and sales methods and systems, sales and profit figures,
customer and client lists, and relationships between the Company and its Affiliates and other
distributors, customers, clients, suppliers and others who have business dealings with the Company
and its Affiliates (“Confidential Information”). Executive acknowledges that such Confidential
Information is a valuable and unique asset of the Company, and Executive covenants that (except in
connection with the good faith performance of her duties while employed by the Company) Executive
will not, either during or after Executive’s employment by the Company, disclose any such
Confidential Information to any Person for any reason whatsoever without the prior written
authorization of the Company, unless such information is in the public domain through no fault of
Executive or except as may be required by law or in a judicial or administrative proceeding.
Notwithstanding anything to the contrary herein, each of the parties (and each employee,
representative, or other agent of such parties) may disclose to any Person, without limitation of
any kind, the federal income tax treatment and federal income tax structure of the transactions
contemplated hereby and all materials (including opinions or other tax analyses) that are provided
to such party relating to such tax treatment and tax structure.

     9. Restrictive Covenants.

          (a) Covenant Not to Compete.

               (i) Executive agrees that, for a period of eighteen (18) months after the Termination Date
(the “Non-Compete Period”), Executive will not, at any time, directly or indirectly, engage in, or
have any interest on behalf of himself or others in any person or business other than the Company
(whether as an employee, officer, director, agent, security holder, creditor, partner, joint
venturer, beneficiary under a trust, investor, consultant or otherwise) that engages in similar
business activities to the Company in a particular market and product line, and in the specific
geographic areas in which the Company is engaged or has been engaged in the preceding twelve (12)
months for that particular market and product line (the “Business Activities”).

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               (ii) Notwithstanding the foregoing, Executive may (A) engage, participate or invest in, or be
employed by, an entity that is engaged in the Business Activities (a “Competing Entity”) so long
as (1) the Annual Revenues derived by the Company from the Business Activities in which the
Competing Entity is engaged do not exceed $50 million in the aggregate and (2) the Annual Revenues
derived by the Competing Entity from the Business Activities do not exceed $50 million in the
aggregate; (B) engage, participate or invest in, or be employed by, a Competing Entity so long as
the Business Activities for which Executive has oversight do not exceed five percent (5%) of the
total Annual Revenues of such Competing Entity; or (C) acquire solely as an investment not more
than 2% of any class of securities of any competing entity if such class of securities is listed on
a national securities exchange or on the Nasdaq system, so long as Executive remains a passive
investor in such entity. For purposes of this Section 9(a)(ii), the term “Annual Revenues” shall
mean annual revenues for the most recently completed fiscal year.

          (b) Hiring of Employees. During the Non-Compete Period, the Executive agrees that
Executive will not directly or indirectly solicit for employment, or hire or offer employment to,
(i) any employee of the Company unless the Company first terminates the employment of such
employee, or (ii) any person who at any time during the one hundred eighty (180) day period prior
to the Termination Date was an employee of the Company.

          (c) Non-Solicitation. Executive hereby agrees that, during the Non-Compete Period,
Executive will not directly or indirectly call on or solicit for the purpose of diverting or taking
away from the Company (including, by divulging any Confidential Information to any competitor or
potential competitor of the Company) any person or entity who is at the Termination Date, or at any
time during the twelve (12) month period prior to the Termination Date had been, a customer of the
Company with whom the Executive had direct personal contact as a representative of the Company or a
potential customer whose identity is known to Executive at the Termination Date as one whom the
Company was actively soliciting as a potential customer within six months prior to the Termination
Date.

          (d) Return of Company Property. Upon a Termination of Employment Executive will
deliver to the person designated by the Company all originals and copies of all documents and
property of the Company in Executive’s possession, under Executive’s control, or to which Executive
may have access. The Executive will not reproduce or appropriate for Executive’s own use, or for
the use of others, any Confidential Information.

     10. Equitable and Other Relief; Consent to Jurisdiction of Pennsylvania Courts.

          (a) Executive acknowledges that the restrictions contained in Sections 8 and 9 are reasonable
and necessary to protect the legitimate interests of the Company and its Affiliates, that the
Company would not have entered into this Agreement in the absence of such restrictions, and that
any violation of any provision of that Section will result in irreparable injury to the Company.
Executive represents and acknowledges that (i) Executive has been advised by the Company to consult
Executive’s own legal counsel in respect of this Agreement and (ii) Executive has had full
opportunity, prior to execution of this Agreement, to review thoroughly this Agreement with
Executive’s counsel.

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          (b) Executive agrees that the Company shall be entitled to preliminary and permanent
injunctive relief, without the necessity of proving actual damages, as well as an equitable
accounting of all earnings, profits and other benefits arising from any violation of Sections 8 or
9, which rights shall be cumulative and in addition to any other rights or remedies to which the
Company may be entitled under applicable law. Without limiting the foregoing, Executive also
agrees that payment of the compensation and benefits payable under Section 4 may be automatically
ceased in the event of a material breach of the covenants of Sections 8 or 9, provided the Company
gives Executive written notice of such breach, specifying in reasonable detail the circumstances
constituting such material breach.

          (c) Executive irrevocably and unconditionally (i) agrees that any suit, action or other legal
proceeding arising out of Sections 8 or 9 hereof, including any action commenced by the Company for
preliminary and permanent injunctive relief or other equitable relief, may be brought in a United
States District Court in Pennsylvania, or if such court does not have jurisdiction or will not
accept jurisdiction, in any court of general jurisdiction in or around Philadelphia, Pennsylvania,
(ii) consents to the non-exclusive jurisdiction of any such court in any such suit, action or
proceeding, and (iii) waives any objection which Executive may have to the laying of venue of any
such suit, action or proceeding in any such court. Executive also irrevocably and unconditionally
consents to receive service of any process, pleadings, notices or other papers in a manner provided
for in Section 14 for the giving of notices.

     11. Enforcement. It is the intent of the parties that Executive not be required to
incur any expenses associated with the enforcement of Executive’s rights under this Agreement by
arbitration, litigation or other legal action, because the cost and expense thereof would
substantially detract from the benefits intended to be extended to Executive hereunder.
Accordingly, the Company will pay Executive the amount necessary to reimburse Executive in full for
all expenses (including all attorneys’ fees and legal expenses) incurred by Executive in attempting
to enforce any of the obligations of the Company under this Agreement, without regard to outcome,
unless the lawsuit brought by Executive is determined to be frivolous by a court of final
jurisdiction.

     12. No Obligation to Mitigate Company’s Obligations. Executive will not be required
to mitigate the amount of any payment or benefit provided for in this Agreement by seeking other
employment or otherwise, nor shall the amount of any payment or benefit provided for herein be
reduced by any compensation earned by other employment or otherwise, except to the extent provided
in Subsections 4(f) and 4(g).

     13. No Set-Off. Except as provided in Sections 7 and 10(b), the Company’s obligation
to make the payments, and otherwise perform its obligations, provided for in this Agreement shall
not be diminished or delayed by reason of any set-off, counterclaim, recoupment or similar claim
which the Company may have against Executive or others.

     14. Notices. All notices and other communications given pursuant to or in connection
with this Agreement shall be in writing and delivered (which may be by telefax or other electronic
transmission) to a party at the following address, or to such other address as such party may
hereafter specify by notice to the other party:

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     If to the Company, to:

Teleflex Incorporated

155 S. Limerick Road

Limerick, PA 19468

Attention: General Counsel

     If to Executive, to:

Julie McDowell

                                          

                                          

     15. Governing Law. This Agreement will be governed by the law of Pennsylvania,
excluding any conflicts or choice of law rule or principle that might otherwise refer to the
substantive law of another jurisdiction for the construction, or determination of the validity or
effect, of this Agreement.

     16. Parties in Interest. This Agreement, including specifically the covenants of
Sections 8 and 9, will be binding upon and inure to the benefit of the parties and their respective
heirs, successors and assigns.

     17. Entire Agreement. This Agreement and the Change of Control Severance Agreement
contain the entire agreement between the parties with respect to the right of Executive to receive
severance compensation upon the termination of her Employment, and such Agreements supersede any
prior agreements or understandings between the parties relating to the subject matter of the Change
of Control Severance Agreement or this Agreement.

     18. Amendment or Modification. No amendment or modification of or supplement to this
Agreement will be effective unless it is in writing and duly executed by the party to be charged
thereunder.

     19. Construction. The following principles of construction will apply to this
Agreement:

          (a) Unless otherwise expressly stated in connection therewith, a reference in this Agreement
to a “Section,” “Exhibit” or “party” refers to a Section of, or an Exhibit or a party to, this
Agreement.

          (b) The word “including” means “including without limitation.”

     20. Headings and Titles. The headings and titles of Sections and the like in this
Agreement are inserted for convenience of reference only, form no part of this Agreement and shall
not be considered for purposes of interpreting or construing any provision hereof.

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     EXECUTED as of the date first above written.

TELEFLEX INCORPORATED

	 	 	 	 	 
	 	 	 
	 	By:  	                   /s/ Jeffrey P. Black
 	 
	 	 	Name:  	Jeffrey P. Black 	 
	 	 	Title:  	Chairman, President and

Chief Executive Officer 	 
	 

	 	 	 	 	 
	 	 	 
	 	                                      /s/ Julie McDowell
 	 
	 	Julie McDowell 	 
	 	 	 
	 

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