Tax Rate Sample Clauses
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Tax Rate. For purposes of determining the amount of the Gross-Up Payment, the Executive will be deemed to pay federal income taxes at the highest marginal rate of federal income taxation in the calendar year in which the Gross-Up Payment is to be made and applicable state and local income taxes at the highest marginal rate of taxation in the state and locality of the Executive's residence on the Date of Termination, net of the maximum reduction in federal income taxes that would be obtained from deduction of those state and local taxes.
Tax Rate. In consideration of the CITY’s consent to the creation of the DISTIRCT, the DISTRICT agrees that, as a condition to issuing Bonds, the TCEQ order approving a Bond issue (or the accompanying staff memorandum) must contain a finding, made in accordance with the TCEQ’s then-existing rules, that it is feasible for the DISTRICT to sell the Bonds and maintain a projected total tax rate (inclusive of both the debt service portion and the operation and maintenance portion) of not more than $0.60 per $100 in assessed valuation (“TAX RATE LIMIT”). The foregoing shall not be construed as a limitation on the DISTIRCT’s authority to levy an unlimited tax rate, it being understood and acknowledged that the DISTRICT’s Bonds shall be payable from and secured by a pledge of the proceeds of an ad valorem tax, without legal limit as to rate or amount. It is agreed that the TAX RATE LIMIT is sufficient to accomplish the purposes of the DISTRICT, and that the LANDOWNER and the DISTRICT have voluntarily agreed to the TAX RATE LIMIT.
Tax Rate. Tax Rate" means Executive's effective tax rate based upon the combined federal and state and local income, earnings, Medicare and any other tax rates applicable to Executive, net of the reduction in federal income taxes which could be obtained by deduction of such state and local taxes.
Tax Rate. The Luxury Tax rate shall be 35% in the 1997 and 1998 Contract Years and 34% in the 1999 Contract Year.
Tax Rate. 1. Tax shall be applied at the standard rate of 5% of the value of the Supply or the value of Imports, unless this Agreement provides for an exemption or the zero-rate on such supplies.
2. Without prejudice to the obligations provided for under this Agreement and the Local Laws, published prices in the local market for Goods and Services must include VAT.
Tax Rate. The District agrees that, unless otherwise approved in writing by the City Council, the District’s total annual ad valorem tax rate must equal or exceed the City’s annual ad valorem tax rate. The District agrees to adopt its annual tax rate in compliance with the legal requirements applicable to municipal utility districts, to report the tax rate set by the District each year to the District's tax assessor/collector and to perform all acts required by law for its tax rate to be effective.
Tax Rate. The After-Tax Rate is the percentage that is the remainder after the subtraction from (i) 100 percent of (ii) the marginal tax rate defined in Part I of this Schedule A, but determined as of the date as of which the calculation is being made.
Tax Rate. The "Tax Rate" for purposes of computing the GUP shall be the sum of the highest marginal federal and state income and employment-related tax rates, including any applicable excise tax rates, applicable to Executive in the year in which the payment under Section 3.1.1 is made.
Tax Rate. The Tribe shall impose and maintain in effect a tax on the retail sale of cigarettes equaling no less than an amount equal to 100 percent of the State taxes.
Tax Rate. For purposes of determining the Gross Up Amount, you shall be deemed to be taxed at the highest marginal rate under all applicable local, state, federal and foreign income tax laws for the year in which the Gross Up Amount is paid. The Gross Up Amount payable with respect to an Excise Tax shall be paid by the Company coincident with the Payment with respect to which such Excise Tax relates.