Contract Renewal Terms Clause Samples
Contract Renewal Terms. Per the contract renewal terms stated in the contract, the maximum allowable percentage increase that may be applied to the fixed meal rates and fixed management fees is as follows (refer to the original contract for renewal terms; check the appropriate box): ☐ CPI–All (Dec) 3.4% ☐ CPI–Food Away from Home (Dec) 5.2% ☐ CPI–Food (Dec) 2.7% ☐ CPI–Food Away from Home (Dec) not to exceed (insert number) % ☐ Other (specify) _________________________
Contract Renewal Terms. The contract may be renewed for a period that may not exceed 3 years or the term of the original contract, whichever is longer, provided that the renewal price was in the original proposal and contingent upon satisfactory performance. Renewals are subject the availability of funds.
Contract Renewal Terms. Beginning Lease signing, the term of this contract shall be 1 year and automatically extended for four (4) additional periods of one (1) year each (collectively “Renewal Term”) unless either party gives written notice of its intention not to renew, or the intention to modify, the agreement 90 days before expiration of the effective renewal term.