Common use of Technology Refresh Plan Clause in Contracts

Technology Refresh Plan. The Technology Refresh Plan, attached as Attachment I hereto, describes in detail Vendor’s commitments to periodically refresh, at no additional cost to the Client, the technology used to deliver the Services or otherwise in connection with the Client’s IT environments. At least forty-five (45) days prior to each anniversary of the Service Commencement Date, Vendor shall revise the Technology Refresh Plan as appropriate to reflect any changes to such environment, and related requirements, and submit such revised Technology Refresh Plan in writing to Client for review and comment. Within thirty (30) days after receipt of such revised Technology Refresh Plan, Client shall notify Vendor in writing whether such revised plan shall have been accepted by the Client, in its reasonable discretion, or otherwise describe in reasonable detail the deficiencies of such revised plan, in which latter case Vendor shall have an additional period of fifteen (15) days to make further revisions and resubmit such revised plan to Client for review, comment and, when such revised plan is reasonably acceptable to the Client, approval. Such obligations of Vendor to refresh technology shall continue according to the schedule set forth in the Technology Refresh Plan until expiration or termination of the Term, including continuation throughout any renewals or extensions of the Term. For example, in no event shall Vendor be excused from any scheduled technology refreshment obligations scheduled to be performed in the final months of the Term, as such Term may have been renewed or extended. Vendor shall be obligated to refresh technology at no additional cost to the Client so long as the original Technology Refresh Plan is adhered to. Upon the implementation of each revised Technology Refresh Plan, there may be an appropriate adjustment in Fees to the extent that Vendor’s obligations thereunder are changed from those under the original Technology Refresh Plan.

Technology Refresh Plan. The Technology Refresh Plan, attached as Attachment I hereto, describes in detail Vendor’s commitments to periodically refresh, at no additional cost to the Client, the technology used and provided by Vendor to deliver the Services or otherwise in connection with the Client’s IT environments. At least forty-five (45) days prior to each anniversary of the Service Commencement Date, Vendor shall revise the Technology Refresh Plan applicable to the scope of Services provided by Vendor as appropriate to reflect any changes to such environment, and related requirements, and submit such revised Technology Refresh Plan in writing to Client for review and comment. Within thirty (30) days after receipt of such revised Technology Refresh Plan, Client shall notify Vendor in writing whether such revised plan shall have been accepted by the Client, in its reasonable discretion, or otherwise describe in reasonable detail the deficiencies of such revised plan, in which latter case Vendor shall have an additional period of fifteen (15) days to make further revisions and resubmit such revised plan to Client for review, comment and, when such revised plan is reasonably acceptable to the Client, approval. Such obligations of Vendor to refresh technology shall continue according to the schedule set forth in the Technology Refresh Plan until expiration or termination of the Term, including continuation throughout any renewals or extensions of the Term. For example, in no event shall Vendor be excused from any scheduled technology refreshment obligations scheduled to be performed in the final months of the Term, as such Term may have been renewed or extended. Vendor shall be obligated to refresh technology at no additional cost to the Client so long as the original Technology Refresh Plan is adhered to. Upon the implementation of each revised Technology Refresh Plan, there may be an appropriate adjustment in Fees to the extent that Vendor’s obligations thereunder are changed from those under the original Technology Refresh Plan.