Common use of Contract Length Clause in Contracts

Contract Length. The initial Contract term is 3 years with a renewal option for one or more additional terms with the combined length of all renewal terms not to exceed the length of the original term of the contract. Xxxxxxxx will be made at the sole discretion and option of the Department and must be agreed upon in writing by both parties. If the Department elects to renew, the Department will negotiate with the Contractor an adjustment factor to be applied to the original annual contract amount. The adjustment factor may be positive, negative, or zero. If negotiations do not lead to a mutually agreed upon adjustment factor, the contract shall not be renewed. The renewed contract amount will be calculated by applying the adjustment factor to the original contract amount, then adjusting for supplemental agreements as appropriate. Xxxxxxx is contingent upon the availability of funds, satisfactory performance of the Contractor, and other factors as determined by the Department.

Contract Length. The initial Contract term is 3 7 years with a renewal option for one or more additional terms with the combined length of all renewal terms not to exceed the length of the original term of the contract. Xxxxxxxx will be made at the sole discretion and option of the Department and must be agreed upon in writing by both parties. If the Department elects to renew, the Department will negotiate with the Contractor an adjustment factor to be applied to the original annual contract amount. The adjustment factor may be positive, negative, or zero. If negotiations do not lead to a mutually agreed upon adjustment factor, the contract shall not be renewed. The renewed contract amount will be calculated by applying the adjustment factor to the original contract amount, then adjusting for supplemental agreements as appropriate. Xxxxxxx is contingent upon the availability of funds, satisfactory performance of the Contractor, and other factors as determined by the Department.

Contract Length. The initial Contract term is 3 three years with a renewal option for one or more additional terms with the combined length of all renewal terms not to exceed the length of the original term of the contract. Xxxxxxxx will be made at the sole discretion and option of the Department and must be agreed upon in writing by both parties. If the Department elects to renew, the Department will negotiate with the Contractor an adjustment factor to be applied to the original annual contract amount. The adjustment factor may be positive, negative, or zero. If negotiations do not lead to a mutually agreed upon adjustment factor, the contract shall will not be renewed. The renewed contract amount will be calculated by applying the adjustment factor to the original contract amount, then adjusting for supplemental agreements as appropriate. Xxxxxxx is contingent upon the availability of funds, satisfactory performance of the Contractor, and other factors as determined by the Department.

Contract Length. The initial Contract term is 3 7 years with a renewal option for one or more additional terms with the combined length of all renewal terms not to exceed the length of the original term of the contract. Xxxxxxxx Renewals will be made at the sole discretion and option of the Department and must be agreed upon in writing by both parties. If the Department elects to renew, the Department will negotiate with the Contractor an adjustment factor to be applied to the original annual contract amount. The adjustment factor may be positive, negative, or zero. If negotiations do not lead to a mutually agreed upon adjustment factor, the contract shall not be renewed. The renewed contract amount will be calculated by applying the adjustment factor to the original contract amount, then adjusting for supplemental agreements as appropriate. Xxxxxxx is contingent upon the availability of funds, satisfactory performance of the Contractor, and other factors as determined by the Department.