Income Tax Rate definition
Examples of Income Tax Rate in a sentence
The amount, if any, distributable pursuant to this Section 4.07(d) with respect to a Fiscal Quarter shall equal (i)(x) the amount of taxable income allocable to the General Partner for such Fiscal Quarter with respect to the Carried Interest multiplied by (y) the Assumed Income Tax Rate over (ii) amounts distributed to the General Partner with respect to the Carried Interest and shall be considered an advance of the Carried Interest.
With respect to any amount includible in the Executive's gross income for federal income tax purposes (the "Taxable Benefit"), an amount in cash equal to (i) the product of the Highest Marginal Income Tax Rate and the Taxable Benefit, (ii) divided by one minus the Highest Marginal Income Tax Rate.
The option to choose a 28% Federal Income Tax Rate in order to preclude excessive withholding shall be made available by the business office.
In no event will any Guarantor be obligated hereunder with respect to the Clawback Obligation in an amount that exceeds the total Carried Interest distributions received by such Guarantor from the General Partner minus the product of (a) such total and (b) the Assumed Income Tax Rate.
The amount which must be repaid by the General Partner to the Fund in respect of any Limited Partner shall not exceed the amounts distributed to the General Partner as Carried Interest pursuant to Sections 7.2(b)(iii), 7.3 and 13 in respect of such Limited Partner after deducting from such amount the aggregate income tax liability of each Person whose tax liability is determined by reference to the income of the General Partner determined by using the Assumed Income Tax Rate.
The aggregate liability of the Investment Manager to the Members pursuant to this Section 6.2(c) shall not exceed the aggregate amount of Incentive Fee paid to the Investment Manager relative to Members pursuant to Sections 6.2(b)(i)(C) and (D), Sections 6.2(b)(ii)(B) and (C), Section 6.3 and Section 12.3(b), net of taxes in respect thereof at the Assumed Income Tax Rate.
Salary: U.S.$50,000 Foreign Social Security Tax Rate: 30% (employer--U.S.$8,000; employee--U.S.$7,000) Foreign Marginal Personal Income Tax Rate: 72% Under the tax equalization arrangement, the employer pays both the employee's foreign Social Security tax of U.S.$7,000, plus the employee's foreign income tax.
The amount distributable pursuant to this Section 3.6 shall be determined by the General Partner in its discretion, using the Assumed Income Tax Rate.
TAR = Tax Adjusted Return, which shall be the percentage derived by dividing the Return on Equity as of the end of the applicable Billing Period by the difference between one (1) less the Income Tax Rate as of the end of that Billing Period.
The amount payable to each Holder for any Fiscal Year shall be equal to the product of such Holder's allocation of such items of income multiplied by a rate equal to the highest marginal personal income tax rate for such Fiscal Year (the "Income Tax Rate").