Common use of Option Prices Clause in Contracts

Option Prices. (Cost Reimbursement CLINs and Firm Fixed Price CLIN 0008) a. Unless the Government exercises its option pursuant to the option clause referenced in I.5. ADDITIONAL CONTRACT CLAUSES, this contract consists only of the Base Period specified in the Statement of Work as defined in SECTIONS C and F, for the price set forth under B.2. of this contract. b. Pursuant to FAR Clause 52.217-9, Option to Extend the Term of the Contract set forth in Part II, Section I. of this contract, the Government may, by unilateral contract modification, require the Contractor to perform additional options set forth in the Statement of Work and also defined in Sections C and F of the contract. If the Government exercises this option, notice must be given at least [**] days prior to the expiration date of this contract. Delivery will commence on an agreed upon schedule if an option is exercised by the Government. The price of this contract will be increased as set forth in paragraph c., below. c. Upon the delivery and acceptance of the Option Services or Data described in SECTION C of the contract and identified in the schedule of charges below, the Government shall pay the Contractor on a Cost Reimbursement Price basis set forth below: (PoP flexible depending upon start) [**] 0007 [**] [**] [**] [ **] Total Estimated Dollar Value Optional Service 1 $ [ **] CLIN 0007 Go/No Go Decision Point: Interim Review No-Go: [**]. 0008 [**] [**] [**] [ **] Total Estimated Dollar Value (Optional Data) $ [ **] Visterra, Inc. HHSO100201500018C