Common use of PERIOD OF PERFORMANCE Clause in Contracts

PERIOD OF PERFORMANCE. ‌ The period of performance of OASIS is from September 3, 2014 through September 2, 2024 as exercised in accordance with FAR 52.217-9, Option to Extend the Term of the Contact. The period of performance for each task order awarded under XXXXX shall be specified in the task order by the ordering agency. Task orders must be solicited and awarded prior to the OASIS term expiring and may extend up to 5 years after the OASIS term expires. Task order option periods may be exercised after the OASIS term expires as long as the final task order option period does not extend the cumulative term of the task order beyond 5 years after the OASIS term expires. After the OASIS term expires, XXXXX will remain an active contract until the final task order is closed-out and shall govern the terms and conditions with respect to active task orders to the same extent as if it were completed during the OASIS term. Accordingly, the cumulative term of all task orders placed under XXXXX may span up to September 2, 2029.

PERIOD OF PERFORMANCE. ‌ The period of performance of OASIS is from September 3, 2014 through September 2, 2019 with 1 (5-year) option that may extend the cumulative term of the contract to September 2, 2024 as exercised in accordance with FAR 52.217-9, Option to Extend the Term of the Contact, if exercised. The period of performance for each task order awarded under XXXXX shall be specified in the task order by the ordering agency. Task orders must be solicited and awarded prior to the OASIS term expiring and may extend up to 5 years after the OASIS term expires. Task order option periods may be exercised after the OASIS term expires as long as the final task order option period does not extend the cumulative term of the task order beyond 5 years after the OASIS term expires. After the OASIS term expires, XXXXX will remain an active contract until the final task order is closed-out and shall govern the terms and conditions with respect to active task orders to the same extent as if it were completed during the OASIS term. Accordingly, the cumulative term of OASIS may span up September 2, 2024 and the cumulative term of all task orders placed under XXXXX may span up to September 2, 2029.

PERIOD OF PERFORMANCE. ‌ The period of performance of OASIS is from September 3, 2014 through September 2, 2024 as exercised in accordance with FAR 52.217-9, Option to Extend the Term of the Contact. The period of performance for each task order awarded under XXXXX shall be specified in the task order by the ordering agency. Task orders must be solicited and awarded prior to the OASIS term expiring and may extend up to 5 years after the OASIS term expires. Task order option periods may be exercised after the OASIS term expires as long as the final task order option period does not extend the cumulative term of the task order beyond 5 years after the OASIS term expires. After the OASIS term expires, XXXXX will remain an active contract until the final task order is closed-out and shall govern the terms and conditions with respect to active task orders to the same extent as if it were completed during the OASIS term. Accordingly, the cumulative term of all task orders placed under XXXXX may span up to September 2, 2029.