Gross-up Multiple. The Gross-up Multiple shall equal a fraction, the numerator of which is one (1.0), and the denominator of which is one (1.0) minus the sum, expressed as a decimal fraction, of the effective after-tax marginal rates of all federal, state, local and other income and other taxes and any Excise Taxes applicable to the Gross-up Payment. If different rates of tax are applicable to various portions of a Gross-up Payment, the weighted average of such rates shall be used.
Appears in 6 contracts
Samples: Change in Control Agreement (Cornerstone Realty Income Trust Inc), Employment Continuity Agreement (Dominion Resources Inc /Va/), Change in Control Agreement (Cornerstone Realty Income Trust Inc)
Gross-up Multiple. The Gross-up Multiple shall equal a fraction, the numerator of which is one (1.0), and the denominator of which is one (1.0) minus the sum, expressed as a decimal fraction, of the effective after-tax marginal rates of all federal, state, local and other income and other taxes and any Excise Taxes applicable to the Gross-up Payment. (If different rates of tax are applicable to various portions of a Gross-up Payment, the weighted average of such rates shall be used.)
Appears in 2 contracts
Samples: Employment Agreement (Barneys New York Inc), Employment Agreement (Questrom Allen)
Gross-up Multiple. The Gross-up Multiple shall equal a fraction, the numerator of which is one (1.0), and the denominator of which is one (1.0) minus the sum, expressed as a decimal fraction, of the effective after-tax marginal rates of all federal, state, local and other income and other taxes Applicable Taxes and any Excise Taxes applicable to the Gross-up Payment. (If different rates of tax are applicable to various portions of a Gross-up Payment, the weighted average of such rates shall be used.)
Appears in 1 contract
Samples: Employment Agreement (National Credit & Guaranty CORP)
Gross-up Multiple. The Gross-up Multiple shall equal a fraction, the numerator of which is one (1.0), ) and the denominator of which is one (1.0) minus the sum, expressed as a decimal fraction, of the effective after-tax marginal rates of all federal, state, local and other income and other taxes and any Excise Taxes applicable to the Gross-up Payment. (If different rates of tax are applicable to various portions of a Gross-up Payment, the weighted average of such rates shall be used.)
Appears in 1 contract
Samples: Senior Executive Change of Control Agreement (Safety Kleen Corp/)
