Common use of Backup Withholding Clause in Contracts

Backup Withholding. The parties acknowledge that a backup withholding of 24% of the vendors payment, as required by the Internal Revenue Service, will be withheld when incorrect or unverifiable vendor name and/or tax identification number is provided to VDSS.

Backup Withholding. The parties acknowledge that a backup withholding of 24% of the vendors Vendors payment, as required by the Internal Revenue Service, will be withheld when incorrect or unverifiable vendor Vendor name and/or tax identification number is provided to VDSS.

Backup Withholding. The parties acknowledge that a backup withholding of 24% of the vendors Vendor’s payment, as required by the Internal Revenue Service, will be withheld when incorrect or unverifiable vendor Vendor name and/or tax identification number is provided to VDSS.

Backup Withholding. The parties acknowledge that a backup withholding of 24% of the vendors Vendor's payment, as required by the Internal Revenue Service, will be withheld when incorrect or unverifiable vendor name and/or tax identification number is provided to VDSS.