Income percentage in this section means two percent, the base
Income percentage in this section means two percent, multiplied by the education income tax spending adjustment under subdivision 5401(13)(B) of this title for the property tax year which begins in the claim year for the municipality in which the homestead residence is located.
Income percentage in this section means two percent, multiplied
More Definitions of Income percentage
Income percentage means the Percentage of Profit and Loss that is derived from any source by Company.
Income percentage in this section means two percent, the base income percentage adopted by the General Assembly for the fiscal year, plus the base income percentage multiplied by the education income property tax spending adjustment under subdivision 5401(13)(B)(A) of this title for the property tax year which that begins in the claim year for the municipality in which the homestead residence is located.
Income percentage means, in relation to a parent of a quali- fying child, that parent’s percentage of the combined child sup- port income amounts of all the child’s parents, as determined under section 31
Income percentage means the base income percentage adopted by the General
Income percentage as used in this Lease, shall be deemed to be 11% with respect to Gross Income in excess of $5,000,000.00 per annum but not more than $7,000,000.00 per annum with respect to any Percentage Rent Year, and 9% with respect to Gross Income in excess of $7,000,000.00 per annum with respect to any Percentage Rent Year. Notwithstanding the foregoing, and regardless of the amount of Gross Income for any Percentage Rent Year, the Tenant shall pay a minimum percentage rent, as shown on the following schedule for each Percentage Rent Year, commencing with 1996 and running through 2000: PERCENTAGE RENT YEAR MINIMUM PERCENTAGE RENT -------------------- ----------------------- 1996 $220,000.00 + 216,000 1997 265,000.00 + 220,000 1998 310,000.00 + 225,000 1999 355,000.00 + 230,000 2000 400,000.00 + 234,000
Income percentage means the percentage obtained by dividing the “income” by the “revenue” during the financial year immediately before the date of physical loss, destruction or damage.
Income percentage. The Income Percentage is the rate we apply to the Income Base to determine the Annual Income Amount. The Initial Income Percentages are shown in the Contract Schedule. The Initial Income Percentage applicable to your Initial Account Value Contribution is based on the age of the Annuitant, or the younger of the Annuitants, on the Contract Date. During the Pre-Income Stage, the Income Percentage will equal the Initial Income Percentage applicable to the Initial Account Value Contribution unless/until one of the following occurs as discussed further below: • The Income Percentage is increased by the Income Deferral Rate; or • You make an Additional Account Value Contribution. You may change the Co-Annuitant in the Pre-Income Stage, subject to the requirements set forth in the Contract Designations sections of this Contract. If the Co-Annuitant has been added, changed, or removed, we recalculate the Annual Income Amount using the applicable Income Percentage(s) and Income Deferral Rate as described herein based on the age of the named Annuitant or younger of the Annutants on the Contract Date and in the Additional Account Value Contributions section below based on the age of the named Annuitant or younger of the Annuitants as of the effective date of each such addition, change, or removal. Income Deferral Rate: The Income Deferral Rate, expressed in the Contract Schedule as an annualized percentage, is applied on each Valuation Day to the Income Percentage during the Pre-Income Stage. The Income Deferral Rate is based on the attained age of the Annuitant, or the younger of the Annuitants, on the Contract Date and each Contract Date anniversary thereafter and is shown in the Contract Schedule. Impact of Additional Account Value Contribution(s): You may make Additional Account Value Contributions, subject to the “Additional Account Value Contribution(s) Limitation” section. For each Additional Account Value Contribution, the Income Base is increased by the dollar amount of the Additional Account Value Contribution on the Valuation Day on which the Additional Account Value Contribution is acknowledged by the Company. When Additional Account Value Contributions are applied to the Account, the Income Percentage will be recalculated. The recalculated Income Percentage is determined by using a weighted average. The components of the weighted average are: A) The Income Base immediately before an Additional Account Value Contribution is effective. B) The Income Percent...