Common use of Excess Income Clause in Contracts

Excess Income. Excess Income equals the greater of zero or Net Income minus the product of ((the Ten Year U.S. Treasury Rate plus 200 basis points) x (Average Net Worth divided by 4)).

Excess Income. Excess Income equals the greater of zero or Net Income minus the product of ((the Ten Year U.S. Treasury Rate plus 200 basis points) x ((Average Net Worth x number of days in quarter) divided by 4365)).