Present Value Benefit definition

Present Value Benefit means the present value (based on a discount rate equal to the short-term applicable federal rate as determined under Section 1274(d) of the Code at the time of determination, and assuming that the Indemnified Party will be liable for Taxes at all relevant times at the maximum marginal rates) of any income tax benefit; provided, however, that the tax rates applicable to a partnership shall be deemed to be those applicable to a Subchapter C corporation.
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Present Value Benefit means the present value (based on a discount rate equal to the short-term applicable federal rate as determined under Section 1274(d) of the Code at the time of determination, and assuming that the Indemnified Party will be liable for income taxes at all relevant times at the maximum marginal rates) of any income tax benefit.
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Present Value Benefit means the present value (based on a discount rate equal to the short-term applicable federal rate as determined under Section 1274(d) of the Code at the time of determination, and assuming that the Indemnified Party will be liable for Taxes at all relevant times at the maximum marginal rates) of any income tax benefit. PROCEEDING shall mean any audit or other examination, or any judicial or administrative proceeding, relating to liability for or refunds or Adjustments with respect to Taxes. REFUND shall mean any refund of Taxes, including any reduction in liability for such Taxes by means of a credit, offset or otherwise.
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Examples of Present Value Benefit in a sentence

  • If the Indemnifying Party is required to indemnify the Indemnified Party pursuant to this Article III, the Indemnified Party shall submit its calculations of the amount required to be paid pursuant to this Article IV (which shall be net of the Present Value Benefit realized or realizable by the Indemnified Party), showing such calculations in sufficient detail so as to permit the Indemnifying Party to understand the calculations.

  • R = One year of amortization of DSM Program Incentive to be calculated by multiplying the estimated Net Present Value Benefit of each energy efficiency program as determined by the Total Resource Cost Test times 9.9%.

  • If the Indemnifying Party is required to indemnify the ------- Indemnified Party pursuant to this Section 4, the Indemnified Party shall submit its calculations of the amount required to be paid pursuant to this Section 4 (which shall be net of the Present Value Benefit realized or realizable by the Indemnified Party), showing such calculations in sufficient detail so as to permit the Indemnifying Party to understand the calculations.

  • If the Indemnifying Party is required to indemnify the Indemnified Party pursuant to this Article III, the Indemnified Party shall submit its calculations of the amount required to be paid pursuant to this Article III (which shall be net of the Present Value Benefit realized or realizable by the Indemnified Party), showing such calculations in sufficient detail so as to permit the Indemnifying Party to understand the calculations.

  • If the Indemnifying Party is required to indemnify the Indemnified Party pursuant to this Section 3, the Indemnified Party shall submit its calculations of the amount required to be paid pursuant to this Section 3 (which shall be net of the Present Value Benefit realized or realizable by the Indemnified Party), showing such calculations in sufficient detail so as to permit the Indemnifying Party to understand the calculations.

  • The issue will consolidate up to six series of outstanding bonds into two series of bonds and reduce the interest rates on the bonds resulting in aggregate Net Present Value Benefit of approximately$1,080,000 or 3%, Total Cash Flow Savings of approximately $1,260,000.

  • If a Participant’s employment with the Company and its Affiliates terminates at any age within two years following a Change in Control, then, notwithstanding Section 6(a) hereof, the Participant shall be entitled to a lump sum benefit equal to the greater of (i) the Present Value Benefit; or (ii) the Termination Balance.

  • However, in the case of the termination of a Participant due to Disability prior to the Participant’s Applicable Retirement Age, the Participant’s lump shall be equal to the Present Value Benefit; except, that in the event of the termination of a Participant due to Disability on or after the Participant’s Applicable Retirement Age but prior to retirement, such benefit shall equal the Termination Balance, if greater.

  • Change in Present Value Benefit Obligation: Present Value Of obligation at the beginning of the year418,388470,216Adjustment to present value--Interest Cost32,42537,617Current Service Cost225,54842,492Past Service Cost--Benefits Paid--Transfer In--Actuarial (gain) loss on Obligation555,046(131,937)Present Value Of obligation at the end of the year1,231,407418,388III.

  • The financial analysis produced a NPV of US$5 million, a positive economic IRR of 10 percent and a Present Value Benefit over Cost ratio of 1.5 while the ex-ante economic analysis yielded a NPV of US$84 million over 24 years, a positive economic IRR of 31 percent and a PVBCR of 11.24 Nonetheless, the detailed methodology was neither presented in the PAD nor recorded in other project documentations and filed in the system.


More Definitions of Present Value Benefit

Present Value Benefit means the sum of the Participant’s Termination Balance and the present value of the Earnings Credits that would have been made or earned on such Termination Balance through age 65 (or age 71 for Directors) using a discount rate equal to the Minimum Fixed Rate.
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Present Value Benefit means the present value (based on a discount rate equal to the short-term applicable federal rate as determined under Section 1274(d) of the Code at the time of determination, and assuming that the Indemnified Party will be liable for Taxes at all relevant times at the maximum marginal rates) of any income tax benefit; provided, however, that the tax rates applicable to a partnership shall be deemed to be those applicable to a Subchapter C corporation. For this purpose, an income tax benefit shall include depreciation and amortization deductions attributable to an increase in tax basis as well as a tax deduction (to the extent available for a prior or subsequent taxable year), whether or not such benefit results in an actual receipt of a Refund.
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Present Value Benefit shall have the meaning set forth in the Merger Agreement.
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Related to Present Value Benefit

  • Actuarial equivalent means a benefit of equal value when

  • Net Present Value means, as to a specified or ascertainable dollar amount, the present value, as of the date of calculation of any such amount using a discount rate equal to the Base Rate in effect as of the date of such calculation.

  • Retirement Benefit means the benefit set forth in Article 5.

  • housing benefit means housing benefit under Part 7 of the SSCBA;