Common use of OPTION PROVISION Clause in Contracts

OPTION PROVISION. Unless the Government exercises its option pursuant to the Option Clause set forth in ARTICLE I.3., the contract will consist only of the entire Statement of Work for 12 months only as defined in Sections C and F of the contract. Pursuant to clause 52.217-9 set forth in ARTICLE I.3. of this contract, the Government may, by unilateral contract modification, require the Contractor to perform the Statement of Work for an additional 48 months (12 months per each option) as also defined in Sections C and F of the contract. If the Government exercises this option, notice must be given at least 60 days prior to the expiration date of this contract, and the estimated cost plus fixed fee of the contract will be increased as set forth in ARTICLE B.2. Xxxxxxxx Xx. XX0-XX-00000

OPTION PROVISION. Unless the Government exercises its option pursuant to the Option Clause set forth in ARTICLE I.3., the contract will consist only of Part A of the entire Statement of Work for 12 months only as defined in Sections C and F of the contract. Pursuant to clause 52.217-9 set forth in ARTICLE I.3. of this contract, the Government may, by unilateral contract modification, require the Contractor to perform Part B of the Statement of Work for an additional 48 months (12 months per each option) as also defined in Sections C and F of the contract. If the Government exercises this option, notice must be given at least 60 days prior to the expiration date of this contract, and the estimated cost plus fixed fee of the contract will be increased as set forth in ARTICLE B.2. Xxxxxxxx Xx. XX0-XX-00000.

OPTION PROVISION. Unless the Government exercises its option pursuant to the Option Clause set forth in ARTICLE I.3., the contract will consist only of Year I of the entire Statement of Work for 12 months only (as detailed in Sections B.2. and B.3.) and the Five-year Licensing and Technology Transfer of the Adenovector Manufacturing Process as defined in Sections C and F of the contract. Pursuant to clause 52.217-9 set forth in ARTICLE I.3. of this contract, the Government may, by unilateral contract modification, require the Contractor to perform Contract Year(s) II, III, IV, and V of the Statement of Work for an additional 48 months (12 months per each option) as also defined in Sections C and F of the this contract. If the Government exercises this option, notice must be given at least 60 days prior to the expiration date of this contract, and the estimated price and/or cost plus fixed fee of the contract will be increased as set forth in ARTICLE Article B.2. Xxxxxxxx Xxand B.3. XX0-XX-00000Contract No. HHSN272200600027C

OPTION PROVISION. Unless the Government exercises its option pursuant to the Option Clause set forth in ARTICLE I.3., the contract will consist only of the entire Base of the Statement of Work for 12 months only as defined in Sections C and F of the contract. Pursuant to clause 52.217-9 7 set forth in ARTICLE I.3. of this contract, the Government may, by unilateral contract modification, require the Contractor to perform deliver additional doses of MVA in accordance with the Statement of Work for an additional 48 months (12 months per each option) as also defined in Sections C and F of the contract. If the Government exercises this option, notice must be given at least 60 days prior to the expiration date of this contract, and the estimated cost plus fixed fee of the contract will be increased as set forth in ARTICLE B.2. Xxxxxxxx Xx. XX0-XX-00000.

OPTION PROVISION. Unless the Government exercises its option pursuant to the Option Clause set forth in ARTICLE I.31.3., the contract will consist only the Base Contract of the entire Statement of Work for 12 months only as defined in Sections C and F of the contract. Pursuant to clause 52.217-9 6 set forth in ARTICLE I.31.3. of this contract, the Government may, by unilateral contract modification, require the Contractor to perform Optional Studies as described in Section A.(2) of the Statement of Work for an additional 48 months (12 months per each option) as also defined in Sections C and F of the contract. If the Government exercises this optionthese options, notice must be given at least 60 days prior to the expiration date of this contract, and the estimated cost plus fixed fee of the contract will be increased as set forth in ARTICLE B.2. Xxxxxxxx Xxand the level of effort will be increased as set forth in ARTICLE F.2.depending on the number of additional studies needed. XX0-XX-00000Contract No. N01 -ES-25497