Common use of Exercise of Option Term Clause in Contracts

Exercise of Option Term. If City elects to exercise its option(s) to extend this Agreement, City shall notify JOC in writing of City’s intention to exercise its option, prior to the expiration of the then-current term. City may terminate this agreement at any time, pursuant to Article XIV and/or Article XV herein, and/or City may elect, at City’s sole discretion, not to exercise any available Option Year renewal with a JOC.

Appears in 4 contracts

Samples: Job Order Contracting Agreement, Job Order Contracting Agreement, Job Order Contracting Agreement

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