Tax Rate

Tax Rate. Shall mean the combined net federal and Illinois corporate income tax rate ((i) utilizing the maximum effective corporate income tax rates and (ii) after netting out the federal income tax benefit of the Illinois corporate income tax), as in effect for the applicable tax year in which (x) a deduction item in the calculation of a Tax Benefit Amount is included in the federal income tax return of MB or MB Bank or (y) an income item in the calculation of a Net Recovery Tax Detriment or Tax... Detriment Amount is included (or determined to be includable by the Internal Revenue Service) in the federal income tax return of MB or MB Bank. View More

Tax Rate. Means the rate of income tax assumed borne by a Beneficiary as determined pursuant to Section 4.

Tax Rate. Is equal to 38.8%, and shall assumed to remain constant for the Performance Period.

Tax Rate. Means the Executive's effective tax rate based upon the combined federal and state and local income, earnings, Medicare and any other tax rates applicable to the Executive, all at the highest marginal rate of taxation in the country and state of the Executive's 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.

Tax Rate. Means, with respect to US Indemnitees, 40% or such other rate as the Company shall determine in its sole discretion as being the effective rate at which a plurality of the US Indemnitees will be subject to US federal, state and local income tax on the amounts paid by the Company pursuant to this Agreement, and with respect to UK Indemnities, such Tax Rate as the Company shall in its sole discretion determine, based on an estimation of the effective tax rate of such... Indemnitees on any amount paid by the Company pursuant to this Agreement provided, however, that in any event (i) the same Tax Rate shall apply to all US Indemnitees and (ii) the same Tax Rate shall apply to all UK Indemnitees. View More

Tax Rate. The combined federal and California effective tax rate for ordinary income applicable to individuals which, for purposes of this Agreement and this definition, shall be assumed to be 44.216%.

Tax Rate. Means the highest blended national, federal, state and local income tax rate applicable to any of the Members.

Tax Rate. The product of Provision for Income Taxes divided by Income Before Income Taxes.