Common use of After Clause in Contracts

After. Tax Rate -------------- The After-Tax Rate is the percentage that is the remainder after the subtraction from (i) 100 percent of (ii) the effective marginal tax rate applicable to the Employee on the date as of which a calculation is being made. The Company shall determine the effective marginal tax rate applicable to the Employee as of the calculation date, taking into account federal, state, and local income tax rates; the hospital insurance tax rate under the Federal Insurance Contribution Act; the deduction (for income tax purposes) for state and local income taxes; and no income other than income attributable to the Company. An amount shall be converted to an after-tax amount by multiplying it by the After-Tax Rate in effect for the calculation date.

After. Tax Rate -------------- --------------- The After-Tax Rate is the percentage that is the remainder after the subtraction from (i) 100 percent of (ii) the effective marginal tax rate applicable to the Employee on the date as of which a calculation is being made. The Company shall determine the effective marginal tax rate applicable to the Employee as of the calculation date, taking into account federal, state, and local income tax rates; the hospital insurance tax rate under the Federal Insurance Contribution Act; the deduction (for income tax purposes) for state and local income taxes; and no income other than income attributable to the Company. An amount shall be converted to an after-tax amount by multiplying it by the After-Tax Rate in effect for the calculation date.