OPTION CLAUSE. The Purchaser reserves the right to increase or decrease the quantity to be ordered upto 50 percent of bid quantity at the time of placement of contract. The purchaser also reserves the right to increase the ordered quantity by up to 50% of the contracted quantity during the currency of the contract at the contracted rates. Bidders are bound to accept the orders accordingly.
OPTION CLAUSE. If any patent rights, trade secret rights, or other intellectual property rights of a party are reflected in or included in any Confidential Information that is disclosed to the other party, the receiving party shall not thereby acquire any license or other rights under those patent rights, trade secret rights, or other intellectual property rights of the disclosing party; except that University shall have a limited license under any such rights of Sponsor, this license being limited to University's activities in performing the Project.
OPTION CLAUSE. It is agreed that City will have the option to extend the contract for up to two (2) additional years, in one-year intervals. To exercise this option, the City shall serve notice 30 days prior to contract termination or to the end of any one-year extension. The Option to Extend will not be considered if funding is unavailable or if the contractor’s past performance is not within the industry standard.
OPTION CLAUSE. Unless the Government exercises its option pursuant to the Option Clause set forth in SECTION I, ARTICLE 1.1., the contract will consist only of the base period and/or any option period of the Statement of Work as defined in Sections C and F of the contract. Pursuant to FAR Clause 52.217-9, Option to Extend the Term of the Contract, the Government may, by unilateral contract modification, require the contractor to perform additional options set forth in the Statement of Work and also defined in Sections C and F of the contract. If the Government exercises this option, notice must be given at least 60 days prior to the expiration date of this contract and the estimated cost plus fixed fee of the contract will be increased as set forth in the ESTIMATED COST PLUS FIXED FEE price of the contract as noted in Article B.3 in SECTION B of this contract.
OPTION CLAUSE. The First Party reserves the right to exercise an option for development of content for the remaining XXXx/job roles through the Second Party within a period of two years from the date of completion of the stage 1 of the project. The price for development of content for each job role will remain the same as agreed upon for the current project with the Second Party.
OPTION CLAUSE. (a) A Club shall, in respect of a first year player in the AFL competition with the Club with a one year contract, be entitled to elect to renew such one year contract at the expiration of that contract for a further one year period on the same terms provided that:
OPTION CLAUSE. The Institute reserves the right to increase or decrease the number of Manpower to be deployed up to 100 percent of bid requirement at the time of placement of contract. The Institute also reserves the right to increase the requirement by up to 100% of the contracted requirement during the currency of the contract at the contracted rates. Bidders are bound to accept the orders accordingly.
OPTION CLAUSE. DTC reserves the right to increase or decrease the number of Vehicles by up to Twenty-Five percent (25%) of the quantity originally specified in the Schedule 7 at the time of signing of Concession Agreement or implementation of the project without any change in unit rate Concession Fee or other terms and conditions. The increase/decrease of quantity shall be incorporated through an amendment of the Concession Agreement. For the additional quantity, additional implementation period proportionate to the implementation period of the ordered quantity will be allowed excluding the period of pilot implementation. Similarly for the reduction in quantity, the implementation period shall be proportionately reduce excluding the period of pilot implementation. The Concessionaire will have to deposit performance security of additional amount separately within Thirty (30) days from the date of amendment of increased quantity in the same manner & method prescribed in Article 7 of the Concession Agreement.
OPTION CLAUSE. Option to Extend the Term of the Contract Clause in Section I applies to the Option CLINs.
OPTION CLAUSE. An AFL Club and a player shall not include provision for an option for a further period in any contract of employment and all such contracts shall expire on 31 October in the final year of the player's contract.
