Document:

exv10w9

Exhibit 10.9

FIRST AMENDMENT

TO EMPLOYMENT AGREEMENT

     This First Amendment (“Amendment”) to the Employment Agreement (“Agreement”) dated as of May
5, 2006, between Teleflex Incorporated (the “Company”) and Jeffrey P. Black (“Executive”) is hereby
made by the Company and the Executive effective as of January 1, 2009.

Background Information

	A.	 	Executive is employed by the Company as its Chairman and Chief Executive Officer.
	 
	B.	 	The Company and Executive (collectively the “Parties”) desire to amend the Agreement to bring
it into compliance with Section 409A of the Internal Revenue Code of 1986, as amended (the
“Code”), and Treasury Regulations and other guidance issued thereunder.
	 
	C.	 	Section 29 of the Agreement authorizes the Parties to amend the Agreement in a written
document executed by both Parties.

Amendment of the Agreement

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

	1.	 	The definition of “Commencement Date” is amended by deleting the following from the end
thereof: “provided that, if it shall be determined that earlier payment or provision of such
compensation or benefits would not result in adverse tax consequences under Section 409A of
the Code, ‘Commencement Date’ shall mean the earliest such date.”
	 
	2.	 	The definition of “Insurance Benefits Period’’ is amended to read as follows:
“‘Insurance Benefits Period’ means the thirty-six (36) month period commencing on the
Termination Date.”
	 
	3.	 	The definition of “Termination Date” is amended in its entirety to read as follows:
“‘Termination Date’ means the date specified in a Notice of Termination complying
with the provisions of Section 10, as such Notice of Termination may be amended by mutual
consent of the parties, which date shall be the date the Executive’s Termination of
Employment occurs.”
	 
	4.	 	The definition of “Termination of Employment” is amended in its entirety to read as follows:
“‘Termination of Employment’ means a cessation of Employment which occurs prior to
Executive’s attaining the age of 62 years, other than such a cessation occurring by reason of
Executive’s death or Disability. Executive’s Termination of Employment for all purposes
under this Agreement will be determined to have occurred in accordance with the ‘separation
from service’ requirements of Code Section 409A and the Treasury Regulations and other
guidance issued thereunder, and based on whether the facts and circumstances indicate that
the Company and Executive reasonably anticipated that no further services would be performed
after a certain date or that the level of bona fide services the Executive would perform
after such date (as an employee or as an independent contractor) would permanently decrease
to no more than 20 percent of the average level of bona fide services performed over the
immediately preceding 36-month period.”

 

 

	5.	 	Section 7 of the Agreement is amended by the addition of the following to the end thereof:
“The reimbursements and in-kind benefits set forth in the prior two sentences shall be
provided for expenses and services incurred during the term of this Agreement, and the amount
of expenses eligible for reimbursement, or in-kind benefits provided, during one calendar year
may not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in
any other calendar year. All reimbursements under this provision shall be made no later than
the last day of the calendar year following the calendar year in which the expense was
incurred, and all requests for reimbursement must be made by the Executive no later than 15
days before that date in order to be eligible for reimbursement hereunder. The Executive’s
right to have the Company pay such expenses or provide such in-kind benefits may not be
liquidated or exchanged for any other benefit.”

	6.	 	Section 9 of the Agreement is amended by the addition of the following at the end thereof:
“All reimbursements under this provision shall be for expenses incurred during the term of
this Agreement and shall be made no later than the last day of the calendar year following the
calendar year in which the expense was incurred; all requests for reimbursement must be made
by the Executive no later than 15 days before that date in order to be eligible for
reimbursement hereunder. The amount of such expenses that the Company is obligated to pay in
any given calendar year shall not affect the expenses that the Company is obligated to pay in
any other calendar year, and the Executive’s right to have the Company pay such expenses may
not be liquidated or exchanged for any other benefit.”

	7.	 	Section 11(f) of the Agreement, “Health Insurance,” is amended to read as follows:
“Health Insurance. Subject to the provisions of the last sentence of this Subsection,
during the Severance Compensation Period, the Company will reimburse Executive in cash monthly
in an amount equal to Executive’s after-tax cost actually incurred by Executive to maintain
health insurance coverage from commercial sources that is comparable to the health care
coverage Executive last elected as an employee for himself, his spouse and dependents under
the Company’s health care plan covering Executive. The aggregate premium 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. All reimbursements under this
provision shall be made no later than the last day of the calendar year following the calendar
year in which the expense was incurred, and all requests for reimbursement must be made by the
Executive no later than 15 days before that date in order to be eligible for reimbursement
hereunder. Notwithstanding the foregoing, the COBRA health care continuation coverage (“COBRA
Coverage”) period under Section 4980B of the Code shall begin on the Termination Date and
continue to run concurrently with the Severance Compensation Period, and the Company shall pay
the same portion of the cost of COBRA Coverage as it pays for the same level and type of
coverage for similarly situated active employees in lieu of reimbursement of alternative
commercially available comparable coverage during the COBRA health care continuation coverage
period. If at any time during the Severance Compensation Period similar health insurance
coverage shall become available to Executive in connection with Executive’s employment by
another employer, Executive will advise the Company, and the Company may terminate the COBRA
Coverage subsidy and/or payments provided by the Company pursuant to this Subsection,
effective on the date when Executive has the opportunity to be covered by such other health
insurance coverage.”

	8.	 	Section 12(c) of the Agreement, “SERP,” is amended in its entirety to read as follows:
“SERP. “On the Commencement Date, Executive shall receive a lump sum cash payment
equal to the sum of the Employer Non-Elective Contributions with which Employee would have
been credited under the Teleflex Incorporated Deferred Compensation Plan (“Deferred
Compensation Plan”) for

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	 	 	each of the next three (3) plan years following the plan year which includes in the
Termination Date, assuming that Executive’s “Compensation” and “Bonus,” as those terms are
defined in the Deferred Compensation Plan, for each of the three (3) plan years immediately
following the plan year which includes the Termination Date are the same as Executive’s
Compensation and Bonus for the plan year which includes the Termination Date.”
	 
	9.	 	Section 12(d) of the Agreement, “Outplacement,” is amended in its entirety to read as
follows: “Outplacement. Beginning on the Termination Date and ending on the earlier
of the last day of the second calendar year beginning after the Year of Termination or the
first date Executive is employed by another employer, the Company shall reimburse Executive
for the cost of outplacement assistance services, up to a maximum of $20,000, which shall be
provided by an outplacement agency selected by Executive. The Company shall reimburse
Executive within 15 days following the date on which the Company receives proof of payment of
such expense, which proof must be submitted no later than December 1 of the calendar year
after the calendar year in which the expense was incurred.”
	 
	10.	 	Section 12(e) of the Agreement, “Automobile,” is amended in its entirety to read as follows:
“Automobile. If the Executive was provided with the use of an automobile or a cash
allowance therefor as of the Termination Date, the Company will provide Executive with a
monthly vehicle allowance equal to what it would cost Executive to lease the vehicle utilized
by the Executive immediately prior to his Termination Date, calculated by assuming that the
lease is a three (3) year closed-end lease, for the Severance Compensation Period. The
Company shall pay Executive the vehicle allowance as follows: (i) a lump sum cash amount
equal to seven times the monthly vehicle allowance, on the Commencement Date; and (ii) a lump
sum cash amount equal to the monthly vehicle allowance on the first day of each month
thereafter for which the vehicle allowance is provided.”

	11.	 	The last sentence of Section 13(b) of the Agreement is amended to read as follows: “The
Company shall pay the Gross-Up Payment to Executive on the Commencement Date or, if later,
within ten days after the Accounting Firm’s determination; provided, however, in no event
shall the Gross-Up Payment be paid later than the end of the calendar year next following the
calendar year in which the related excise tax is remitted to the Internal Revenue Service or
any other applicable taxing authority.”

	12.	 	Section 21 of the Agreement, “Enforcement,” is amended by adding the following at the end
thereof: “The Company shall reimburse Executive within 15 days following the date on which
the Company receives proof of payment of such expense, which proof must be submitted no later
than December 1st of the calendar year after the calendar year in which the
expense was incurred. The amount of such expenses that the Company is obligated to pay in
any given calendar year shall not affect the amount of such expenses that the Company is
obligated to pay in any other calendar year, and the Executive’s right to have the Company
reimburse the payment of such expenses may not be liquidated or exchanged for any other
benefit.”

	13.	 	Section 29 of the Agreement, “Amendment or Modification,” is amended by adding the following
to the end thereof: “It is the Parties’ intention that the benefits and rights to which
Executive could become entitled in connection with his Termination of Employment comply with
Code Section 409A. If Executive or the Company believes, at any time, that any of such
benefits or rights do not so comply, he or it shall promptly advise the other party and shall
negotiate reasonably and in good faith to amend the terms of this Agreement such that it does
comply with the most limited economic effect on both the Executive and the Company.”

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	14.	 	Miscellaneous. Except as herein provided, the Agreement shall remain unchanged and in full
force and effect. This Amendment may be executed in any number of counterparts, all of which
taken together shall constitute one and the same agreement and any of the parties hereto may
execute this Amendment by signing any such counterpart. This Amendment shall be governed by,
and construed in accordance with, the laws of the Commonwealth of Pennsylvania, excluding any
conflict or choice of law rules or principles that might otherwise refer to the substantive
law of another jurisdiction for the construction, or determination of the validity or effect,
of this Amendment.

[Remainder of this page intentionally left blank.]

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     IN WITNESS WHEREOF, the undersigned, intending to be legally bound, have executed this First
Amendment to Employment Agreement on this 23rd day of December, 2008.

	 	 	 	 	 
	TELEFLEX INCORPORATED

	 	 	 	EXECUTIVE
	 
	 	 	 	 
	By: /s/ Laurence G. Miller

	 	 
	 	/s/ Jeffrey P. Black
	 

	 	 	 	 
	Name: Laurence G. Miller

	 	 	 	Jeffrey P. Black
	Title: Executive Vice President,
	 	 	 	 
	       General Counsel and Secretary
	 	 	 	 

5exv10w10

Exhibit 10.10

FIRST AMENDMENT

TO EXECUTIVE CHANGE IN CONTROL AGREEMENT

     This First Amendment (“Amendment”) to the Executive Change in Control Agreement (“Agreement”)
dated as of June 21, 2005, between Teleflex Incorporated (the “Company”) and Laurence G. Miller
(“Employee”) is hereby made by the Company and Employee effective as of January 1, 2009.

Background Information

	A.	 	The Company and Employee (collectively the “Parties”) desire to amend the Agreement to bring
it into compliance with Section 409A of the Internal Revenue Code of 1986, as amended
(“Code”), and the Treasury Regulations and other guidance issued thereunder.
	 
	B.	 	Section 16(a) of the Agreement authorizes the Parties to amend the Agreement in a written
document executed by both Parties.

Amendment of the Agreement

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

	1.	 	The definition of “Commencement Date” is amended by deleting the following from the end
thereof:
	 
	 	 	“, unless earlier payment of compensation or benefits under this Agreement is permissible
under Section 409A of the Code, in which case Commencement Date shall mean the earliest
permissible date.”
	 
	2.	 	The definition of “Termination of Employment” is amended by adding the following at the end
thereof:
	 
	 	 	“Employee’s Termination of Employment for all purposes under this Agreement will be
determined to have occurred in accordance with the ‘separation from service’ requirements
of Code Section 409A and the Treasury Regulations and other guidance issued thereunder, and
based on whether the facts and circumstances indicate that the Company and Employee
reasonably anticipated that no further service would be performed after a certain date or
that the level of bona fide services Employee would perform after such date (as an employee
or as an independent contractor) would permanently decrease to no more than 20 percent of
the average level of bona fide services performed over the immediately proceeding 36-month
period (or actual period of service, if less).”
	 
	3.	 	Subsection (iii) of Section 3(c) of the Agreement is amended in its entirety to read as
follows:

 

 

	 	 	“(iii) in the event the Employee was a participant in such plan prior to the Termination
Date, the Employer Non-Elective Contributions with which Employee would have been credited
under the Teleflex Incorporated Deferred Compensation Plan (“Deferred Compensation Plan”)
for each of the next two (2) plan years following the plan year which includes the
Termination Date, based upon the Employee’s Compensation and Bonus, as those terms are
defined in the Deferred Compensation Plan, for each of the two (2) plan years immediately
following the plan year which includes the Termination Date and are the same as Employee’s
Compensation and Target Bonus for the plan year which includes the Termination Date.”
	 
	4.	 	Section 3(d)(i) of the Agreement is amended in its entirety to read as follows:
	 
	 	 	“Employee shall receive an amount equal to two times Employee’s Base Salary (the “Base
Salary Severance Amount”), which shall be divided into 24 equal monthly installments and
paid as follows: (A) on the Commencement Date an amount equal to the first seven monthly
installments and (B) an additional monthly installment on the first day of each month
thereafter for the next seventeen months . However, if the Change of Control does not
satisfy the requirements to be a ‘change in control’ for purposes of Code Section 409A and
the Treasury Regulations and other guidance issued thereunder, then, if necessary to
satisfy Code Section 409A, the Base Salary Severance Amount shall be divided into 18 equal
monthly installments (increased by one additional month for each completed year of
full-time employment by Employee from and after January 1, 2008, not to exceed an
additional six months) and paid as follows: (A) on the Commencement Date an amount equal to
the first seven monthly installments and (B) an additional monthly installment on the first
day of each month thereafter until all of the installments have been paid.”
	 
	5.	 	Section 3(d)(ii) of the Agreement is amended by adding the following at the end thereof:
	 
	 	 	“The amount paid on each such date shall be paid in the form of a single lump sum cash payment.”
	 
	6.	 	Section 3(d)(iii) of the Agreement is amended in its entirety to read as follows:
	 
	 	 	“The Company shall continue to provide health and dental benefits under the Company’s then-current health and dental plans
for Employee and Employee’s spouse and eligible dependents during the balance of the Benefit Period on the same basis as if
Employee had continued to be employed during that period. If the continuation of coverage under the Company’s health and
dental plans for Employee and Employee’s spouse and eligible dependents results in a violation of Section 105(h) of the
Code, the continuation of coverage will be on an after-tax basis with the portion of the monthly cost of coverage paid by
the Company being additional taxable income. If the continuation of coverage under the Company’s health and dental plans
will be on an after-tax basis, the Company will pay Employee a lump sum cash payment on the last day of each applicable
month during the Benefit Period (or balance thereof) so that Employee will be in the same position as if the continuation
of coverage could have been provided on a pre-tax basis. The COBRA health care continuation coverage period under Section
4980B of the Code shall begin at the end of the Health Care Continuation Period. Notwithstanding the preceding, if
Employee and Employee’s spouse and eligible dependents are not eligible to continue coverage under the Company’s health
and/or dental plan(s), the Company will reimburse Employee in cash

2

 

	 	 	on the last day of each month during the Benefit Period (or balance thereof) an amount
based on the cost actually paid by Employee for that month to maintain health and/or
dental insurance coverage from commercial sources that is comparable to the health and/or
dental coverage Employee last elected as an employee for Employee and Employee’s spouse
and eligible dependents under the Company’s health and/or dental plan(s) covering
Employee, where the net monthly reimbursement after taxes are withheld will equal the
Company’s portion of the cost paid by Employee for that month’s coverage determined 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.”
	 
	7.	 	Section 3(d)(iv) of the Agreement is amended in its entirety to read as follows:
	 
	 	 	“The Company shall reimburse Employee for the cost of outplacement assistance services incurred by Employee up to a maximum
of $20,000, which shall be provided by an outplacement agency selected by Employee. The Company shall reimburse Employee
within 15 days following the date on which the Company receives proof of payment of such expense, which proof must be
submitted no later than December 1st of the calendar year after the calendar year in which the expense was
incurred. Notwithstanding the foregoing, Executive shall only be entitled to reimbursement for those outplacement service
costs incurred by Executive on or prior to the last day of the second year following the Termination Year.”
	 
	8.	 	Section 3(d)(v) of the Agreement is renumbered as Section 3(e) (and the remaining subsections
of Section 3 are renumbered accordingly) and amended in its entirety to read as follows:
	 
	 	 	“(e) If Employee was provided with the use of an automobile as of the Termination Date,
Employee may continue to use such automobile during the Benefit Period. If Employee
received a cash vehicle allowance as of the Termination Date, the Company shall pay
Employee a cash vehicle allowance during the Benefit Period equal to what it would cost
Employee to lease the vehicle utilized by Employee immediately prior to the Termination
Date, calculated by assuming that the lease is a three (3) year closed-end lease. The
allowance shall generally be paid in equal monthly payments; provided, however, that
payment of the monthly payments shall not begin until the Commencement Date. On the
Commencement Date, Employee shall receive a lump sum cash payment equal to the sum of the
monthly payments that would have been paid between the Termination Date and Commencement
Date plus the monthly payment for the month in which the Commencement Date occurs. The
Company will pay the remaining monthly payments on the first day of each month following
the Commencement Date.”
	 
	9.	 	Section 3(f) of the Agreement (Section 3(g) after renumbering) is amended in its entirety to
read as follows:
	 
	 	 	“As a condition to the obligation of the Company to pay compensation and provide benefits
under this Agreement, the Company shall have received from Employee immediately following
the Termination Date a written waiver and release of claims against the Company
substantially in the form attached hereto as Exhibit A (but subject to any necessary
adjustments reasonably determined by the Company to be necessary to comply with applicable
laws and regulations in effect as of Employee’s Termination

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	 	 	Date) executed by Employee (the “Release”), and Employee shall not thereafter revoke the
Release. If Employee fails to execute or revokes the Release, no payments or benefits
shall thereafter be made or provided to Employee pursuant to this Agreement.”
	 
	10.	 	The following new Section 3(h) is added to the Agreement:
	 
	 	 	“(h) Taxable Benefits. Any taxable welfare benefits provided pursuant to this Section 3 that are not “disability pay”
or “death benefits” within the meaning of Treasury Regulations Section 1.409A-1(a)(5) (collectively, the “Applicable
Benefits”) shall be subject to the following requirements in order to comply with Code Section 409A. The amount of any
Applicable Benefit provided during one taxable year shall not affect the amount of the Applicable Benefit provided in any
other taxable year, except that with respect to any Applicable Benefit that consists of the reimbursement of expenses
referred to in Code Section 105(b), a limitation may be imposed on the amount of such reimbursements over some or all of
the applicable Benefit Period, as described in Treasury Regulations Section 1.409A-3(i)(iv)(B). To the extent that any
Applicable Benefit consists of the reimbursement of eligible expenses, such reimbursement must be made on or before the
last day of the calendar year following the calendar year in which the expense was incurred. No Applicable Benefit may be
liquidated or exchanged for another benefit. If Employee is a “specified employee”, as defined in Code Section 409A, then
during the period of six months immediately following Employee’s Termination of Employment, Employee shall be obligated to
pay the Company the full cost for any Applicable Benefits that do not constitute health benefits of the type required to be
provided under the health continuation coverage requirements of Code Section 4980B, and the Company shall reimburse
Employee for any such payments on the first business day that is more than six months after the Termination Date.”
	 
	11.	 	Section 4(b) of the Agreement is amended by adding the following at the end thereof:
	 
	 	 	“In no event will the Gross-Up Payment be made later than the end of Employee’s taxable year next following the taxable
year in which the related excise tax is remitted to the Internal Revenue Service or any other applicable taxing authority,
it being understood that the foregoing limitation is intended to ensure compliance with Code Section 409A, and shall not
serve to extend or otherwise delay the time period within which the Company is required to make the Gross-Up Payment to
Employee in accordance with the terms set forth in this Section 4(b).”
	 
	12.	 	Section 8 of the Agreement, “Enforcement”, is amended by adding the following at the end
thereof:
	 
	 	 	“The Company shall reimburse Employee for expenses under this Section 8 no later than the end of the
calendar year next following the calendar year in which such expenses were incurred, it being understood
that the foregoing limitation is intended to ensure compliance with Code Section 409A, and shall not serve
to extend or otherwise delay the time period within which the Company is required to reimburse Employee
for expenses as set forth in this Section 8. The Company shall not be obligated to pay any such expenses
for which Employee fails to make a demand and submit an invoice or other documented reimbursement request
at least 10 business days before the end of the calendar year next following the calendar year in which
such expenses were incurred. The amount of such expenses that the Company is obligated to pay in any

4

 

	 	 	given calendar year shall not affect the expenses that the Company is obligated to pay in any other calendar year. Employee’s right
to have the Company pay the expenses may not be liquidated or
exchanged for any other benefit.”
	 
	13.	 	 The following new Section 16(d) is added to the Agreement:
“(d) It is the Parties’ intention that the benefits and rights to which Employee could become entitled in
connection with Termination of Employment comply with Code Section 409A. If Employee or the Company
believes, at any time, that any of such benefits or rights do not so comply, he or it shall promptly
advise the other party and shall negotiate reasonably and in good faith to amend the terms of this
Agreement such that it complies (with the most limited economic effect on Employee and the Company).”
	 
	14.	 	Miscellaneous. Except as herein provided, the Agreement shall remain unchanged and in full
force and effect. This Amendment may be executed in any number of counterparts, all of which
taken together shall constitute one and the same agreement and any of the parties hereto may
execute this Amendment by signing any such counterpart. This Amendment shall be governed by,
and construed in accordance with, the laws of the Commonwealth of Pennsylvania, excluding any
conflict or choice of law rules or principles that might otherwise refer to the substantive
law of another jurisdiction for the construction, or determination of the validity or effect,
of this Amendment.

[Remainder of this page intentionally left blank.]

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     IN WITNESS WHEREOF, the undersigned, intending to be legally bound, have executed this First
Amendment to the Executive Change in Control Agreement on this 20th day of December,
2008.

	 	 	 	 	 	 	 	 	 
	TELEFLEX INCORPORATED:	 	 	 	EXECUTIVE:	 	 
	 
	 	 	 	 	 	 	 	 
	By: 

Name:

	 	/s/ Jeffrey P. Black
 

Jeffrey P. Black
	 	 
	 	/s/ Laurence G. Miller
 

Laurence G. Miller
	 	 
	Title:

	 	Chairman, Chief Executive Officer	 	 	 	 	 	 
	 

	 	and President	 	 	 	 	 	 

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