Tax Factor definition

Tax Factor means the quotient, expressed in dollars and cents, of (i) the Taxes payable for any Tax Year subsequent to the Base Tax Year, divided by (ii) the Center Tax Area for such Tax Year.

Tax Factor means one divided by one minus the Top Marginal Rate of Tax.

Tax Factor means the product of (i) 100% minus the second highest marginal federal income tax rate for married individuals filing joint returns for the calendar year during which the lump sum amount under this Section 6.01 is paid and (ii) 100% minus the maximum marginal state income tax rate, if any, for married individuals filing joint returns in the state of the Participant’s residence for the calendar year during which the lump sum amount under this Section 6.01 is paid.

Examples of Tax Factor in a sentence

• The Index Calculation Agent may change the Dividend Tax Factor at its due discretion on any Index Calculation Day with prospective effect if the relevant tax law applicable to the Index Calculation Agent changes, resulting in a change in the amount of the – after tax – Dividend virtually accruing to it.

• If the Index Calculation Day T is an Ex-Dividend Date, the net divi- dend shall be deducted.If the Index Calculation Day T is an Ex-Dividend Date, the newly simulated Index Calculation Day shall no longer be treated as an Ex-Dividend Date, i.e. Dividend and Dividend Tax Factor shall not be considered in the index calculation in section C) 1) on that simulated day.The financing component remains unchanged.

• If the Index Calculation Day T is an Ex-Dividend Date, the net dividend shall be deducted.If the Index Calculation Day T is an Ex-Dividend Date, the newly simulated Index Calculation Day shall no longer be treated as an Ex-Dividend Date, i.e. Dividend and Dividend Tax Factor shall not be considered in the index calculation in section C) 1) on that simulated day.The financing component remains unchanged.

• Dividend and Dividend Tax Factor shall not be considered in the index calculation in section C) 1) on such simulated Index Calculation Day.The financing component remains unchanged.

• The Index Calculation Agent may change the Dividend Tax Factor at its due discretion on any Index Calculation Day with pro- spective effect if the relevant tax law applicable to the Index Calculation Agent changes, re- sulting in a change in the amount of the – after tax – Dividend virtually accruing to it.

More Definitions of Tax Factor

Tax Factor means the greater of: (i) sixty-four percent (64%); or (ii) the difference between one hundred percent (100%) and the highest marginal individual income tax rate set forth in the Internal Revenue Code of 1986, as amended, in the year in which Employee receives the portion of the Restricted Shares with respect to which this bonus is being calculated.

Tax Factor means A ÷ B

Tax Factor means an amount equal to (x) The Percentage for real estate tax escalation (1.630%) multiplied by (y) the real estate taxes payable for the base tax year. The following illustrates the manner in which the above is intended to operate: For example only: If the Expenses for the base year are $13,500,000 and the real estate taxes payable for the base tax year are $12,500,000, then the Expense Factor would be: 1.751% x $13,500,000 or $236,385; and the Tax Factor would be:

Tax Factor means one less forty-five percent (45%); and "Tax Coverage

Tax Factor means the quotient, expressed in dollars and cents, of (i) the Taxes payable for any Computation Year subsequent to the Base Tax Year, divided by (ii) the Center Tax Area for such Computation Year.

Tax Factor means the quotient, expressed in dollars and cents, of (i) the Taxes payable for any Comparison Year during the Term , DIVIDED BY (ii) the Center Tax Area for such Comparison Year.

Tax Factor means A ÷ B, where A is one; and B is the aggregate of: (i) one; and (ii) one multiplied by the rate of tax under Part VI .1 of the Tax Act applicable to a dividend on the Resverlogix Royalty Preferred Shares;