Common use of Option Terms Clause in Contracts

Option Terms. The Establishing JBE may elect to extend this Agreement for up to two consecutive one-year terms (each an “Option Term”), at the end of which Option Terms this Agreement shall expire. In order to exercise an Option Term, the Establishing JBE must send Notice to Contractor at least thirty

Option Terms. The Establishing JBE may elect to may, at its sole option, extend this Agreement for up to two (2) consecutive one-one (1) year terms (each an “Option Term”)periods, at the end of which Option Terms this Agreement shall expire. In order to exercise an Option Term, the Establishing JBE must send Notice to Contractor at least thirtythirty (30) days prior to the end of the Initial Term (or the then-current Option Term). The Establishing JBE will issue an amendment to this Agreement extending the Term and any agreed upon price adjustments allowed in this Agreement.

Option Terms. The Establishing JBE may elect to extend this Agreement for up to two three consecutive one-year terms (each an “Option Term”), at the end of which Option Terms this Agreement shall expire. In order to exercise an Option Term, the Establishing JBE must send Notice to Contractor at least thirtythirty (30) days prior to the end of the Initial Term (or the then-current Option Term). The Establishing JBE will issue an amendment to this Agreement extending the Term and any agreed upon price adjustments allowed in this Agreement.

Option Terms. The Establishing JBE may elect to extend this Agreement for up to two consecutive one-year terms (each an “Option Term”), at the end of which Option Terms this Agreement shall expire. In order to exercise an Option Term, the Establishing JBE must send Notice to Contractor at least thirtythirty (30) days prior to the end of the Initial Term (or the then-current Option Term). The Establishing JBE will issue an amendment to this Agreement extending the Term and any agreed upon price adjustments allowed in this Agreement.

Option Terms. The Establishing JBE may elect to may, at its sole option, extend this Agreement for up to two consecutive one-year terms (each an “Option Term”), at the end of which Option Terms this Agreement shall expire. In order to exercise an Option Term, the Establishing JBE must send Notice to Contractor at least thirtythirty (30) days prior to the end of the Initial Term (or the then-current Option Term).