Common use of Term and Extension Clause in Contracts

Term and Extension. The Parties agree that this Contract term commences upon execution of the Contract by OGS as evidenced by the date accompanying the OGS signature line through September 8, 2018. A Contractor is eligible to participate in the Mini-bid process upon the OGS Commissioner’s mailing or electronic communication to the address in the contract of the fully executed Contract. All OGS Centralized Contracts resulting from this Solicitation shall have a co-terminus end date, including those Contracts awarded during any subsequent Periodic Recruitment. This OGS Centralized Contract shall be in effect for an initial term as set forth above with two (2) optional three (3) year extensions. Whether the optional extensions are exercised is at the sole discretion of the State. A Contractor shall retain the right to decline a contract extension processed under this section.

Term and Extension. The Parties agree that this Contract term commences upon execution of the Contract by OGS as evidenced by the date accompanying the OGS signature line through September 8, 2018. A Contractor is eligible to participate in the Mini-bid process upon the OGS Commissioner’s mailing or electronic communication to the address in on the contract Bid/Contract of the a fully executed Contract. All OGS Centralized Contracts resulting from this Solicitation shall have a co-terminus end date, including those Contracts awarded during any subsequent Periodic Recruitment. This OGS Centralized Contract shall be in effect for an initial term as set forth above of up to three (3) years with two (2) optional three (3) three year extensions. Whether the optional extensions are exercised is at the sole discretion of the State. A Contractor shall retain the right to decline a contract extension processed under this section.