Optional Extensions of Agreement. The Initial Term may be extended by HHSC for two (2) one-year periods, at the sole and absolute discretion of the HHSC. HHSC will notify Contractor of its decision to extend the Agreement at least one hundred twenty (120) days before the expiration of then-current term. Any extension of the Agreement will be commemorated in an amendment to this Agreement, subject to the requirements of Article 12 of this Agreement. Except as provided in Section (d) below, prices for such extensions will be calculated according to the prices in effect under the existing Agreement. Contractor agrees that HHSC may require continued performance, beyond the initial or any optional renewal Contract terms, of any of the within described services at the rates specified in the Agreement. This option may be exercised more than once, but the total extension of performance hereunder shall not exceed ninety (90) days. Such extension of services shall be subject to the requirements of the Agreement, with the sole and limited exception that the original date of termination shall be extended pursuant to this provision. HHSC may exercise this option upon one hundred twenty (120) days written notice to Contractor.
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Samples: Agreement, contracts.hhs.texas.gov, Agreement
