Blended Rate

Blended Rate. Means a percentage that equals the sum of the maximum marginal federal and state individual income tax rates for an individual residing in Ohio (after giving effect to the full deductibility of state income taxes for federal income tax purposes) in effect for the year of the adjustment to a tax return of the Company, the Predecessor or the Stockholder that gives rise to a correlative adjustment to a tax return of the Stockholder, the Predecessor or the Company, respectively. For example, if an... adjustment results in an amount due from the Stockholder hereunder, the year of the Company's return or the Predecessor's return, as the case may be, that was adjusted will determine the Blended Rate to be used in computing the amount due. View More