Aggregate Payments. For purposes of determining the After Tax Amount, the Executive shall be deemed to pay federal income taxes at the highest marginal rate of federal income taxation applicable to individuals for the calendar year in which the determination is to be made, and state and local income taxes at the highest marginal rates of individual taxation in each applicable state and locality, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes.
Appears in 4 contracts
Samples: Employment Agreement (Dynatrace Holdings LLC), Employment Agreement (Blueprint Medicines Corp), Employment Agreement (Deciphera Pharmaceuticals, Inc.)
