CONTRACT TERMS AND METHOD OF PAYMENT. A. Contract Term (include renewal options if applicable) 1. This Contract shall begin on (start date), or upon full execution, whichever is later, and shall end at 11:59 P.M. on (end date). In the event the parties sign this Contract on different dates, the latter date shall be the effective date. 2. The Department may renew this Contract upon the same terms and conditions, the duration(s) of which may not exceed the term of the original contract, or three years, whichever is longer. Exercise of the renewal option is at the Department’s sole discretion and shall be contingent, at a minimum, upon satisfactory performance, subject to the availability of funds and other factors deemed relevant by the Department.
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CONTRACT TERMS AND METHOD OF PAYMENT. A. Contract Term (include renewal options if applicable)
1. This Contract shall begin on (start date), or upon full execution, whichever is later, and shall end at 11:59 P.M. on (end date). In the event the parties sign this Contract on different dates, the latter date shall be the effective date.
2. The Department may renew this Contract upon the same terms and conditions, the duration(s) of which may not exceed the term of the original contract, or three years, whichever is longer. Exercise of the renewal option is at the Department’s sole discretion and shall be contingent, at a minimum, upon satisfactory performance, subject to the availability of funds and other factors deemed relevant by the Department. Any costs incurred by the Provider for the renewal of this contract shall not be charged to the Department.
Appears in 3 contracts
