Common use of Exempt Payee Clause in Contracts

Exempt Payee. If you are exempt from backup withholding, enter your name a described above and check the appropriate box for your statu then check the “Exempt payee” box in the line following the business name, sign and date the form. Form W-9 (Rev. 10-2007) Page Generally, individuals (including sole proprietors) are not exempt from backup withholding. Corporations are exempt from backup withholding for certain payments, such as interest and dividends.