Extension Terms - State’s Option. The State, at its discretion, shall have the option to extend the performance under this Contract beyond the Term for a period, or for successive periods, of 1 year or less at the same rates and under the same terms specified in the Contract (each such period an “Extension Term”). In order to exercise this option, the State shall provide written notice to Contractor in a form substantially equivalent to Exhibit C. Execution of this option must be accompanied with a complementary extension of the current sole source document signed by the Department’s Procurement Director.
Appears in 4 contracts
Samples: State of Colorado Contract, State of Colorado Contract, State of Colorado Contract
