Tax Benefit Amount
Tax Benefit Amount. Shall mean sixty percent (60%) of any Restitution Payment taken as a deduction by TCG, Cole Taylor Bank, MB or MB Bank on its federal income tax return multiplied by the Tax Rate, but only to the extent that sixty percent (60%) of such Restitution Payment was either distributed to MB Bank from the Escrowed Funds or was separately paid by the Principal Stockholders to MB Bank pursuant to this Agreement.
All Definitions
Found in
MB Financial Inc. contract