Common use of BASE AND OPTION PERIODS Clause in Contracts

BASE AND OPTION PERIODS. The term of ProTech-Satellite is a two (2) year base period and three (3) one-year optional periods, for a total period of performance of five (5) years if all options are exercised. There is no guarantee that the options will be exercised on any or all of the awarded contracts. This is not a multi-year contract as defined in FAR Part 17.103.

BASE AND OPTION PERIODS. ‌ The term of ProTech-Satellite is a two (2) year base period and three (3) one-year optional periods, for a total period of performance of five (5) years if all options are exercised. There is no guarantee that the options will be exercised on any or all of the awarded contracts. This is not a multi-year contract as defined in FAR Part 17.103.

BASE AND OPTION PERIODS. The term of ProTech-ProTech Satellite is a two (2) five-year base ordering period and three one (31) onefive-year optional periodsoption ordering period, for a total ordering period of performance of five (5) 10 years if all options are exercised. There is no guarantee that the options option will be exercised on any or all of the awarded contracts. This is not a multi-year contract as defined in FAR Part Federal Acquisition Regulation (FAR) 17.103.