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. 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.
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 Luxury Tax rate shall be 35% in the 1997 and 1998 Contract Years and 34% in the 1999 Contract Year.
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 "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 "Tax Rate" used to determine the Tax Burden, the Indemnity Payment and the Refund Payment will be determined as the highest combined marginal Federal, State and local income tax rate applicable to an individual who is a resident of jurisdiction in which JQH resides on the relevant date or dates (provided that if the jurisdiction to which the relevant taxable income or gain is allocated or apportioned imposes income tax on a nonresident individual at a higher combined State and local tax rate than the jurisdiction in which JQH resides, such higher combined State and local tax rate shall be used), making proper allowance for the deductibility of State and local income taxes for Federal income tax purposes (if then applicable) but increasing the Federal rate for the effect of any deduction disallowance applied to incomes above a threshold and ignoring the effects of the Federal alternative minimum tax. Where different rates are prescribed for different categories of income these rates shall be applied separately to the separate categories of income.
Tax Rate. If the Closing shall occur before the tax rate is fixed, the apportionment of real estate taxes shall be upon the basis of the tax rate for the next preceding year applied to the latest assessed valuation, subject to further and final adjustment when the tax rate is fixed for the year in which the Closing takes place. The provisions of this Section shall survive the Closing.
Tax Rate. Each Seller, Purchaser and Gxxxx shall use its commercially reasonable efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary under applicable Laws to apply for and obtain a tax grant from the appropriate Governmental Authority in Puerto Rico granting Purchaser an income tax rate in respect of its operations in Puerto Rico substantially similar to the rate enjoyed by Pfizer and its Affiliates with respect to their operations in Puerto Rico in effect as of the date hereof, taking into account, among other things, differences in (i) the total number of individuals employed, and (ii) economic investment, in each case by Sellers, on the one hand, and Purchaser and Gxxxx, on the other hand, in Puerto Rico. Each Seller, Purchaser and Gxxxx will cooperate with the other and furnish all necessary assistance as is reasonably appropriate in connection with the foregoing.
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.
