Definition of Tax Rate

  1. Tax Rate means, for any Fiscal Year, the sum of (i) the highest then marginal income tax rate for individual taxpayers as set forth in the IRC and (ii) the highest then marginal income tax rate for individual taxpayers in effect in the State of Delaware.

Examples of Tax Rate in a sentence

  1. For the purposes of the foregoing, Tax Rate means the Employees effective tax rate based upon the combined federal and state and local income, earnings, Medicare and any other tax rates applicable to Employee, all at the highest marginal rate of taxation in the country and state of Employees residence on the date of determination, net of the reduction in federal income taxes which could be obtained by deduction of such state and local taxes.
  2. Lazard Ltd Tax Rate means the greater of Lazard Ltd Sub As Tax Rate and Lazard Ltd Sub Bs Tax Rate.

Definition of Tax Rate in Credit Agreement

Tax Rate means, for any Fiscal Year, the sum of (i) the highest then marginal income tax rate for individual taxpayers as set forth in the IRC and (ii) the highest then marginal income tax rate for individual taxpayers in effect in the State of Delaware.


Definition of Tax Rate in Limited Liability Company Agreement

Tax Rate means the Companys effective tax rate, as set forth in the Companys audited financial statements for such year or other period.


Definition of Tax Rate in Retirement Plan

Tax Rate means the highest combined individual (i) federal income tax rate, (ii) State Income Tax Rate, (iii) rate of tax imposed under Section 1411 of the Code and (iv) rate of any other tax to which any Partnership Unit Holder is subject as a result of owning Partnership Units reasonably determined to be included by the General Partner, for the Fiscal Period at issue, assuming maximum applicability of the phase-out of itemized deductions contained in Section 68 of the Code.