Applicable Rates Clause Samples

Applicable Rates. For purposes of determining the amount of the Gross Up Payment, Executive will be deemed to pay federal income taxes at the highest marginal rate of federal income taxation in the calendar year in which the Gross Up Payment is to be made and state and local income taxes at the highest marginal rates of taxation in the state and locality of Executive's residence on the date of Executive's Termination, net of the maximum reduction in federal income taxes that could be obtained from deduction of such state and local taxes.

Applicable Rates. For purposes of determining the Gross Up Payment amount, Employee shall be deemed: (1) to pay federal income taxes at the highest marginal rate of federal income taxation applicable to individual taxpayers in the calendar year in which the Gross Up Payment is made (which rate shall be adjusted as necessary to take into account the effect of any reduction in deductions, exemptions or credits otherwise available to Employee had the Gross Up Payment not been received); (2) to pay additional employment taxes as a result of the receipt of the Gross Up Payment in an amount equal to the highest marginal rate of employment taxes applicable to wages; provided that if any employment tax is applied only up to a specified maximum amount of wages, such limit shall be taken into account for purposes of such calculation; and (3) to pay state and local income taxes at the highest marginal rates of taxation in the state and locality of Employee's residence on the date of the Triggering Termination, net of the maximum reduction in federal income taxes that could be obtained from deduction of such state and local taxes.

Applicable Rates. For purposes of determining the amount of the Gross Up Payment, Employee will be deemed to pay federal income taxes at the highest marginal rate of federal income taxation in the calendar year in which the Gross Up Payment is to be made and state and local income taxes at the highest marginal rates of taxation in the state and locality of Employee's residence on the date of his termination of employment, net of the maximum reduction in federal income taxes that could be obtained from deduction of such state and local taxes.

Applicable Rates. An employee shall be paid in accordance with Appendix “A”.

Applicable Rates. For purposes of determining the amount of the Gross Up Payment, Schein will be deemed to pay federal income taxes at the highest marginal rate of federal income taxation in the calendar year in which the Gross Up Payment is to be made and state and local income taxes at the highest marginal rates of taxation in the state and locality where taxes thereon are lawfully due, net of the maximum reduction (if any) in federal income taxes that could be obtained from deduction of deductible state and local taxes.

Applicable Rates. An employee shall be paid in accordance with Appendix “A”. An employee hired on or after August 15, 2016 shall be paid in accordance with Appendix “AA”.

Applicable Rates. 8.1.1 The current academic year’s boarding and day fees are set out on the School’s w e b s i t e and in the Admissions Information book and together with details of the items that these fees cover. Fees are payable one month before the beginning of each term.

Applicable Rates. For Revolving Loans For Tranche B Term Loan For Letter of Credit Fees For Commitment Fee Pricing Level Consolidated Total Leverage Ratio Eurodollar Rate Loans Base Rate Loans Eurodollar Rate Loans Base Rate Loans

Applicable Rates. The interest rate applicable to each series of Permanent Notes shall at all times be the Permanent Rate for such series. From the Issue Date until the applicable Reset Date, the interest rate applicable to each series of Reset Notes shall be the Initial Rate for such series. On and after the applicable Reset Date, the interest rate applicable to each series of Reset Notes shall be the Reset Rate for such series.