Common use of Term of Contract and Renewal Options Clause in Contracts

Term of Contract and Renewal Options. The initial term of this Contract shall be for a period of four (4) years from the effective date of the Award of Contract. This Contract may be renewed at the completion of the initial contract period for three (3) additional two (2) year periods upon the mutual agreement of the Parties. Such mutual agreement shall take the form of a contract modification as described in Section 40.8. At the end of this Contract, the Vendor shall provide all agency data in a form that can be converted to any subsequent system of the agency’s choice. The Vendor shall cooperate to this end with the vendor of the agency’s choice, in a timely and efficient manner. The Commonwealth reserves the right not to exercise any or all renewal options. The Commonwealth reserves the right to extend this Contract for a period less than the length of the above-referenced renewal period if such an extension is determined by the Commonwealth Buyer to be in the best interest of the Commonwealth. The Commonwealth reserves the right to renegotiate any terms and/or conditions as may be necessary to meet requirements for the extended period. In the event proposed revisions cannot be agreed upon, either party shall have the right to withdraw without prejudice from either exercising the option or continuing the contract in an extended period.

Term of Contract and Renewal Options. The initial term of this Contract shall be for a period of four (4) years from the effective date of the Award of Contract. This Contract may be renewed at the completion of the initial contract period for three (3) additional two (2) additional two-year periods upon the mutual agreement of the Parties. Such mutual agreement shall take the form of a contract modification as described in Section 40.8. At the end of this Contract, the Vendor vendor shall provide all agency data in a form that can be converted to any subsequent system of the agency’s choice. The Vendor vendor shall cooperate to this end with the vendor of the agency’s choice, in a timely and efficient manner. The Commonwealth reserves the right not to exercise any or all renewal options. The Commonwealth reserves the right to extend this Contract the contract for a period less than the length of the above-referenced renewal period if such an extension is determined by the Commonwealth Buyer to be in the best interest of the Commonwealth. The Commonwealth reserves the right to renegotiate any terms and/or conditions as may be necessary to meet requirements for the extended period. In the event proposed revisions cannot be agreed upon, either party shall have the right to withdraw without prejudice from either exercising the option or continuing the contract in an extended period.

Term of Contract and Renewal Options. The initial term of this Contract shall be for a period of four (4) years valid through June 30, 2023 from the effective date of the Award of Contract. This Contract may be renewed at the completion of the initial contract period for three two (32) additional two (2) year periods upon the mutual agreement of the Parties. Such mutual agreement shall take the form of a contract modification as described in Section 40.8. At the end of this Contract, the Vendor shall provide all agency data in a form that can be converted to any subsequent system of the agency’s choice. The Vendor shall cooperate to this end with the vendor of the agency’s choice, in a timely and efficient manner. The Commonwealth reserves the right not to exercise any or all renewal options. The Commonwealth reserves the right to extend this Contract for a period less than the length of the above-referenced renewal period if such an extension is determined by the Commonwealth Buyer to be in the best interest of the Commonwealth. The Commonwealth reserves the right to renegotiate any terms and/or conditions as may be necessary to meet requirements for the extended period. In the event proposed revisions cannot be agreed upon, either party shall have the right to withdraw without prejudice from either exercising the option or continuing the contract in an extended period.

Term of Contract and Renewal Options. The initial term of this Contract shall be for a period of four (4) years from the effective date of the Award of Contract. This Contract may be renewed at the completion of the initial contract period for two (2) additional three (3) additional two (2) year periods upon the mutual agreement of the Parties. Such mutual agreement shall take the form of a contract modification as described in Section 40.8. At the end of this Contract, the Vendor shall provide all agency data in a form that can be converted to any subsequent system of the agency’s choice. The Vendor shall cooperate to this end with the vendor of the agency’s choice, in a timely and efficient manner. The Commonwealth reserves the right not to exercise any or all renewal options. The Commonwealth reserves the right to extend this Contract for a period less than the length of the above-referenced renewal period if such an extension is determined by the Commonwealth Buyer to be in the best interest of the Commonwealth. The Commonwealth reserves the right to renegotiate any terms and/or conditions as may be necessary to meet requirements for the extended period. In the event proposed revisions cannot be agreed upon, either party shall have the right to withdraw without prejudice from either exercising the option or continuing the contract in an extended period.

Term of Contract and Renewal Options. The initial term of this the Contract shall be for a period of four 89 months (429 months for DDI and 60 months for operations) years from the effective date of the Award of Contract. This Contract may be renewed at the completion of the initial contract Contract period for three (3) 3 additional two (2) 2 year periods upon the mutual agreement of the Parties. Such mutual agreement shall take the form of a contract modification Contract Modification as described in Section 40.840.8 of this RFP. At the end of this Contract, the contract the Vendor shall provide all agency data in a form that can be converted to any subsequent system of the agency’s choice. The Vendor shall cooperate to this end with the vendor Vendor of the agency’s choice, in a timely and efficient manner. The Commonwealth reserves the right not to exercise any or all renewal options. The Commonwealth reserves the right to extend this Contract the contract for a period less than the length of the above-referenced renewal period if such an extension is determined by the Commonwealth Buyer to be in the best interest of the Commonwealth. The Commonwealth reserves the right to renegotiate any terms and/or conditions as may be necessary to meet requirements for the extended period. In the event proposed revisions cannot be agreed upon, either party shall have the right to withdraw without prejudice from either exercising the option or continuing the contract in an extended period.

Term of Contract and Renewal Options. The initial term of this Contract shall be for a period of four (4) years from the effective date of the Award of Contract. This Contract may be renewed at the completion of the initial contract period for three (3) additional two (2) additional two-year periods upon the mutual agreement of the Parties. Such mutual agreement shall take the form of a contract modification as described in Section 40.8. At the end of this Contract, the Vendor shall provide all agency data in a form that can be converted to any subsequent system of the agency’s choice. The Vendor shall cooperate to this end with the vendor of the agency’s choice, in a timely and efficient manner. The Commonwealth reserves the right not to exercise any or all renewal options. The Commonwealth reserves the right to extend this Contract the contract for a period less than the length of the above-referenced renewal period if such an extension is determined by the Commonwealth Buyer to be in the best interest of the Commonwealth. The Commonwealth reserves the right to renegotiate any terms and/or conditions as may be necessary to meet requirements for the extended period. In the event proposed revisions cannot be agreed upon, either party shall have the right to withdraw without prejudice from either exercising the option or continuing the contract in an extended period.