Proportionate Income Tax definition

Proportionate Income Tax means (a) the respective earn-out amount divided by the consolidated EBITDA for the relevant time period, multiplied by (b) the respective Overall Income Tax. The “Overall Income Tax” means the total amount of income tax that would be due if the consolidated EBITDA of the NUKEM Group for the relevant period was subject to a total income tax rate of 30%.
Sample 1
Proportionate Income Tax means the respective Earn-Out Amount divided by the total Earn-Out EBITDA for the respective Earn-Out Period multiplied by the respective Overall Income Tax. 13 | 73 Project Springtime Sale and Purchase Agreement Overall Income Tax shall mean the total amount of income tax (Ertragsteuern) that would be due if the consolidated EBITDA of the NUKEM Group as shown in the relevant Earn-Out Financial Statements (as defined in Section 4.2.1(a) below) were subject to a total income tax rate of 30 per cent.
Sample 1

Examples of Proportionate Income Tax in a sentence

  • Proportionate Income Tax should be deducted in respect of each incumbent from the bill.

  • A one-time earn-out payment amounting to 90% of the amount by which the consolidated EBITDA of the NUKEM Group for 2012, determined pursuant to a specific formula outlined in the Agreement, plus or minus an adjustment based on the value of the NUKEM Group’s inventory for 2012, exceeds US$115 million (the “First Earn-Out Amount”), minus the Proportionate Income Tax (defined below) on the First Earn-Out Amount.

  • A one-time earn-out payment amounting to 60% of the amount by which the consolidated EBITDA of the NUKEM Group for the period from January 1, 2012 through December 31, 2014, determined pursuant to a specific formula outlined in the Agreement, plus or minus an adjustment based on the value of inventory for that period, exceeds US$263 million (the “Second Earn-Out Amount”), minus the Proportionate Income Tax on the Second Earn-Out Amount, minus the amount of the First Earn-Out Payment, if any.

Related to Proportionate Income Tax

  • Proportionate Interest has the meaning specified in Section 2.5(d);

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • State Income Tax means any Tax imposed by any State of the United States (or by any political subdivision of any such State) or the District of Columbia, or any city or municipality located therein, which is imposed on or measured by net income, including state and local franchise or similar Taxes measured by net income, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Proportionate Percentage means, with respect to any Stockholder as of any date, the result (expressed as a percentage) obtained by dividing (i) the number of shares of Common Stock owned by such Stockholder as of such date by (ii) the total number of shares of Common Stock outstanding as of such date.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Non-Income Tax means any Tax other than an Income Tax.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • Proportionate Share means, with respect to any Lender, the percentage obtained by dividing (a) the sum of the Commitment (or, if the Commitments are terminated, the outstanding principal amount of the Loans) of such Lender then in effect by (b) the sum of the Commitments (or, if the Commitments are terminated, the outstanding principal amount of the Loans) of all Lenders then in effect.

  • Non-Income Taxes means any Taxes other than Income Taxes.

  • Percentage Allocation is defined in Section 4.3(b)(ii)(y).

  • Pro Rata Allocation The allocation of the principal portion of Realized Losses to the Senior Certificates (other than the Class R and Class P Certificates), on the one hand, and the Class B Certificates, on the other hand, pro rata according to their respective aggregate Class Principal Balances, in reduction thereof in the manner provided in the succeeding paragraphs of this definition (except if the loss is recognized with respect to a Class P Mortgage Loan, in which case the applicable Class P Fraction of such loss shall first be allocated to the Class P Certificates, and the remainder of such loss shall be allocated as set forth above), and the allocation of the interest portion of Realized Losses to all Classes of Certificates (other than the Class R and Class P Certificates) pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof, and then to the Senior Certificates (other than the Class R, Class P and Class X Certificates), on the one hand, and the Class B Certificates, on the other hand, pro rata according to their respective aggregate Class Principal Balances, in reduction thereof in the manner provided in the succeeding paragraphs of this definition. The principal portion of a Realized Loss on any Mortgage Loan allocated to the Class A Certificates pursuant to this definition of "Pro Rata Allocation" shall be allocated in reduction of the respective Class Principal Balances of the Subgroup 1, Subgroup 2 and Subgroup 3 Certificates as follows:

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Moderate Income means more than 50 percent but less than 80

  • Precontribution Gain has the meaning set forth in subparagraph 4(c) of Exhibit B.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • Taxable Wage Base means the contribution and benefit base in effect under Section 230 of the Social Security Act at the beginning of the Plan Year.

  • Consolidated Group Pro Rata Share means, with respect to any Investment Affiliate, the percentage of the total equity ownership interests held by the Consolidated Group in the aggregate, in such Investment Affiliate determined by calculating the greater of (i) the percentage of the issued and outstanding stock, partnership interests or membership interests in such Investment Affiliate held by the Consolidated Group in the aggregate and (ii) the percentage of the total book value of such Investment Affiliate that would be received by the Consolidated Group in the aggregate, upon liquidation of such Investment Affiliate, after repayment in full of all Indebtedness of such Investment Affiliate.

  • Non-Income Tax Return means any Tax Return relating to any Tax other than an Income Tax.

  • Tax Allocations means the allocations set forth in paragraph 4 of Exhibit B.

  • Consolidated Income Tax Expense for any period means the provision for taxes of the Issuer and the Restricted Subsidiaries, determined on a consolidated basis in accordance with GAAP.