Renewal Term Price Sample Clauses

Renewal Term Price. If Section 2.2 (“Department’s Right to Renew Contract”) of this Contract is exercised, the Parties will agree to the renewal term pricing below. However, in exercising the renewal term provision of this Contract, the Department’s expectation of the Service Provider is a price reduction and improved Services and enhanced system functionality. For the month in which the Contract renewal term begins, expires or is terminated, the monthly payment will be prorated based on the following formula: <<Insert the number of calendar days Services were provided in the month divided by the total number of calendar days in the month>> multiplied by <<Insert the monthly payment>>. Beginning Through Monthly Payment Renewal Effective Date August 2021 $2,308,318 Sept. 2021 June 2022 $2,187,608* July 2022 June 2023 $2,285,770 July 2023 June 2024 $2,285,770 July 2024 June 2025 $2,285,770 July 2025 June 2026 $2,285,770 July 2026 Renewal Contract Expiration Date $2,285,770 * The renewal term pricing for this year that was included in the Original Contract has been reduced, with the reduction in payment reallocated to the other renewal years. In addition to the Monthly Payment amounts listed above, the Service Provider shall invoice the Department at a rate of $3.50 Per Employee Per Month (PEPM) for Healthcare and Limited Purpose FSA and $2.75 PEPM for HSA enrollments that are above the respective plan’s established threshold (see table below). The threshold for the plans shall be determined as follows:
Sample 1
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Renewal Term Price. If Section 2.2 (“Department’s Right to Renew Contract”) of this Contract is exercised, the Parties will agree to the renewal term pricing below. However, in exercising the renewal term provision of this Contract, the Department’s expectation of the Service Provider is a price reduction and improved Services and enhanced system functionality. For the month in which the Contract renewal term begins, expires or is terminated, the monthly payment will be prorated based on the following formula: <<Insert the number of calendar days Services were provided in the month divided by the total number of calendar days in the month>> multiplied by <<Insert the monthly payment>>. Beginning Through Monthly Payment July 2021 June 2022 $2,293,735 July 2022 June 2023 $2,229,237 July 2023 June 2024 $2,208,403 July 2024 June 2025 $2,187,570 July 2025 June 2026 $2,166,737 July 2026 Renewal Contract Expiration Date $2,124,639 2.5 Invoices Invoices shall be submitted to the Department in the format prescribed in advance by the Department and will contain reasonably sufficient detail (i) for a proper pre-audit and post-audit thereof in accordance with section 287.058 (1)(a), Florida Statutes; and (ii) to enable the Department to confirm that the amounts set forth on each invoice accurately reflect the amounts due and payable under this Contract (“Proper Invoice”). Service Provider shall submit a Proper Invoice by the fifth day of the month for Services provided during the previous month and the Department will pay the entire amount of such Proper Invoice, excluding only “Disputed Amounts” (as defined below) within 40 days after receipt of a Proper Invoice (the “Payment Date”), via electronic funds transfer to Service Provider’s account. If full payment for any non- disputed outstanding amount is not made by the Department on the Payment Date or if any Disputed Amount, as defined in Section 2.7 (“Disputed Invoices”) of this Contract, agreed to or determined to be owed to Service Provider is not paid within 40 days after the date of such agreement or determination, an interest payment will be due at a rate as established pursuant to section 55.03(1), Florida Statutes, on the unpaid balance from the time such amount was due until such time as Service Provider receives full payment on the unpaid balance. Invoice payment requirements do not start until a Proper Invoice is provided to the Department.
Sample 1
Renewal Term Price. If Section 2.2 of this Contract is exercised, FHKC may renew the Contract at the same pricing as those specified in this Contract or lower negotiated pricing. In exercising the Renewal provision of this Contract, FHKC’s expectation of Vendor is a price reduction and improved Services to the [CEC] [and] [enhanced CRM System functionality].
Sample 1
Renewal Term Price. Price of 1Unit Services for any Renewal Term will be the same as during the expiring Term unless 1Unit gives Hospital written notice of the Renewal Term Price during the Renewal Period, in which case the Renewal Term Price shall take effect upon the beginning of the Renewal Term.
Sample 1

Related to Renewal Term Price

  • Renewal Term If not sooner terminated, this Agreement shall renew at the end of the Initial Term and shall thereafter continue for successive annual periods, provided such continuance is specifically approved at least annually (i) by the Fund’s Board of Trustees or (ii) by a vote of a majority of the outstanding voting securities of the relevant portfolio of the Fund, provided that in either event the continuance is also approved by the majority of the Trustees of the Fund who are not interested persons (as defined in the 0000 Xxx) of any party to this Agreement by vote cast in person at a meeting called for the purpose of voting on such approval. If a plan under Rule 12b-1 of the 1940 Act is in effect, continuance of the plan and this Agreement must be approved at least annually by a majority of the Trustees of the Fund who are not interested persons (as defined in the 0000 Xxx) and have no financial interest in the operation of such plan or in any agreements related to such plan, cast in person at a meeting called for the purpose of voting on such approval.

  • Renewal Terms Immediately following the Initial Term this Agreement shall automatically renew for successive one-year periods (a “Renewal Term”).

  • Initial Term The initial term will begin on the date set forth in the Contract documents or on the date the Contract is signed by all Parties, whichever is later.

  • CONTRACT RENEWAL PERIOD FURNITURE ADDITIONS/DELETIONS: Contractors wishing to make furniture additions/changes to their contract during the contract period should be aware of the following additions/changes will be allowed only once during a contract period. No changes to discount percentages are allowed during this contract period. Additions/changes must be submitted during the contract renewal period. When requesting additions and/or changes; contractor shall submit a request either by letter or via email which shall include a list of all items being proposed for addition and/or change. Contractor shall submit all required documents supporting any new items. Product literature for all new items shall also be submitted with the request. Contractor is responsible for submitting a complete name, address, email address, phone and fax numbers when a new dealer is added.

  • Renewal Contract Term Upon mutual written agreement, the Parties may renew this Contract, in whole or in part, for a Renewal Term not to exceed the Initial Contract Term, pursuant to the incorporated Special Contract Conditions.

  • Initial Term and Renewal This Agreement shall become effective upon its execution and, shall have an initial term of five (5) years. Following the expiration of the initial term, the Agreement shall automatically renew for successive one-year terms until such time that the Agreement is terminated by either Party upon giving the other Party six (6) months’ written notice of termination.

  • Extended Term Tenant shall have the option to extend the Term for two (2) consecutive five (5) year periods (the "FIRST EXTENDED TERM" and "SECOND EXTENDED TERM", respectively) on all the terms and conditions contained in this Lease including, without limitation, continuation of the adjustment of the Base Rent on an annual basis as provided in Section 3.3 below (provided only that upon commencement of the First Extended Term the only remaining option to extend the Term shall be the Second Extended Term and upon exercise of the option with respect to the Second Extended Term, no further right to extend the Term shall exist). Tenant shall deliver, if at all, written notice of its exercise of the option ("OPTION NOTICE") to Landlord at least six (6) months but not more than one (1) year before the expiration of the Term or First Extended Term, as the case may be. In the event Tenant fails to deliver the applicable Option Notice within the time allowed, Landlord shall deliver written notice to Tenant of Tenant's failure to deliver the Option Notice, and Tenant shall then have thirty (30) days from receipt of such notice within which to deliver the Option Notice, if at all, to Landlord. In the event (and only in the event) that, Tenant fails to deliver an Option Notice to Landlord within such thirty (30) days, Tenant shall be considered to have elected not to extend the Term of this Lease and thereafter, Tenant shall have no further right to extend the Term of this Lease. References in this Lease to the "Term" shall include the initial Term of fifteen (15) years and shall, in addition, include the First Extended Term and the Second Extended Term, if applicable.

  • CONTRACT TERM - RENEWAL In addition to any stated renewal periods in the Contract, any Contract or unit portion thereof let by the Commissioner may be extended by the Commissioner for an additional period(s) of up to one year with the written concurrence of the Contractor and Comptroller. Such extension may be exercised on a month-to-month basis or in other stated periods of time during the one year extension.

  • Renewal Periods Renewal of registered names may be made in one (1) year increments for up to a maximum of ten (10) years. For the avoidance of doubt, renewal of registered names may not extend their registration period beyond ten (10) years from the time of the renewal.

  • Extension Term Provided Lessee is not in default in the performance of any term or condition of this Lease, Lessee shall have the option to extend this Lease for two (2) additional terms of five (5) years per term, commencing with the expiration of the first or additional term, upon the following conditions:

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