Definition of exempting:
(adj) :
Free from a duty, obligation, rule, law, etc.
(v) :
(transitive) To grant (someone) freedom or immunity from.
(adj) :
(of an employee or his position) Not entitled to overtime pay when working overtime.
(n) :
One who has been released from something.
(n) :
(UK) One of four officers of the Yeomen of the Royal Guard, having the rank of corporal; an exon.
(adj) :
(obsolete) Extraordinary; exceptional.