Common use of Prize Payments Clause in Contracts

Prize Payments. If accepted as a PBR Member, any payments made to Member contestants shall be electronically paid within five (5) business days of each qualifying event (excluding any prize payments). Notwithstanding the foregoing, each Member contestant must submit an IRS W-9 and a completed electronic payment authorization form (provided by PBR) to PBR prior to PBR’s distribution of any such payments. PBR will issue an IRS Form 1099 for these payments. It is the Member contestant’s sole responsibility to pay any federal, state, local taxes or other taxes that may be due and that may be associated with these payments. I agree to indemnify and hold PBR harmless with respect to any tax liabilities that may arise relating to such payments. I represent and warrant to PBR that I am duly authorized to legally work in the United States of America. I will provide proof of citizenship and/or any documentation to PBR evidencing my work status upon request of PBR.