Common use of Renewal Proposal Review Clause in Contracts

Renewal Proposal Review. If a renewal proposal is submitted during the sixth year of the Center's operation, the ERC will be evaluated in the manner described above to determine whether NSF will continue to support full ERC operations or provide decreased funding to phase out NSF support of the ERC over Years 7 and 8 of the Center's operation. If NSF decides to continue full ERC operations, a new level of funding support will be negotiated for years 7 and 8 and two years will be added to the agreement to extend it through year 10. If the Awardee chooses not to submit a renewal proposal, NSF support to the ERC will be phased down over the two-year period covering Years 7 and 8 of the Center's operation.