Contract Term and Renewal Options Sample Clauses

Contract Term and Renewal Options. The initial Contract term, which begins on the effective date of the Contract, is one (1) year and there is one [1] one-year options to renew the Contract.
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Contract Term and Renewal Options. 4.1 The Initial Contract term (hereinafter “Initial Term”) shall cover a period of twelve (12) calendar months for the City Fiscal Year or portion thereof.
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Contract Term and Renewal Options. The term of this Contract shall be two (2) years commencing on the last date of approval by TEC, Vendor, and DIR. This Contract shall be effective upon signature of parties and approval by DIR through 8/31/2023. Prior to expiration of the original term, TEC may extend the Contract, by amendment, for up to two (2) additional two-year terms. TEC in its sole discretion, may extend this period for up to an additional six (6) months or for such additional time as TEC deems necessary to ensure the completion of services. The term for any agreement between a Local Authority and Vendor for Modification and Application Support Services shall be coterminous with this Contract. Maintenance service costs for the first year the Local Authority participates in this Contract shall be pro-rated for the annual term under which the agreement between the Local Authority and Vendor was entered.
Sample 1
Contract Term and Renewal Options. The initial Contract term shall begin on 01/01/2023 and shall extend through one (1) year ending 12/31/2023. By mutual consent of the parties hereto, it is intended that there shall be four (4) options to renew, subject to the terms and conditions set forth herein, each for duration of one (1) year.
Sample 1

Related to Contract Term and Renewal Options

  • Initial Term and Renewal This Agreement shall become effective upon its execution and, shall have an initial term of five (5) years. Following the expiration of the initial term, the Agreement shall automatically renew for successive one-year terms until such time that the Agreement is terminated by either Party upon giving the other Party six (6) months’ written notice of termination.

  • CONTRACT TERM - RENEWAL In addition to any stated renewal periods in the Contract, any Contract or unit portion thereof let by the Commissioner may be extended by the Commissioner for an additional period(s) of up to one year with the written concurrence of the Contractor and Comptroller. Such extension may be exercised on a month-to-month basis or in other stated periods of time during the one year extension.

  • Renewal Option This Contract may be renewed under the same terms and conditions, subject to the approval of the Commissioner of the Department of Administration and the State Budget Director in compliance with IC § 5-22-17-4. The term of the renewed contract may not be longer than the term of the original Contract.

  • Term and Renewal This Agreement shall become effective as of the Effective Date and shall remain in effect for a period of three years from and after the Live Date (the “Initial Term”), and thereafter shall automatically renew for successive three year terms (each such period, a “Renewal Term”) unless terminated by any party giving written notice of non-renewal at least one hundred eighty days prior to the last day of the then current term to each other party hereto.

  • Additional Termination Rights In addition to any right to terminate this Agreement under the provisions of this Section 16, either party shall have the further right to terminate this Agreement, upon delivery of written notice to the Agent, upon the occurrence of any of the following:

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