Common use of Renewal Term Clause in Contracts

Renewal Term. Following the Initial Term, the School District shall have the option to extend this Contract by up to two (2) additional years on a year-to-year basis, in its sole discretion (each a “Renewal Term”). Nothing in this Contract requires the School District to exercise its option for a Renewal Term and Contractor has no expectation of a contract beyond the Initial Term, or a Renewal Term if any are exercised. Ninety (90) days prior to the end of the Initial Term, or any Renewal Term, the School District shall notify the Contractor in writing as to whether the School District will exercise any option for a Renewal Term. Notwithstanding the above, this Contract may be terminated in accordance with the provisions of the Contract Documents.

Appears in 57 contracts

Samples: Master Agreement, Master Agreement, Master Agreement

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Renewal Term. Following the Initial Term, the School District shall have the option to extend this Contract by up to two Two (2) additional years on a year-to-year basis, in its sole discretion (each a “Renewal Term”). Nothing in this Contract requires the School District to exercise its option for a Renewal Term and Contractor has no expectation of a contract beyond the Initial Term, or a Renewal Term if any are exercised. Ninety (90) days prior to the end of the Initial Term, or any Renewal Term, the School District shall notify the Contractor in writing as to whether the School District will exercise any option for a Renewal Term. Notwithstanding the above, this Contract may be terminated in accordance with the provisions of the Contract Documents.

Appears in 1 contract

Samples: Master Agreement

Renewal Term. Following the Initial Term, the School District shall have the option to extend this Contract by up to two one (21) additional years on a year-to-year basis, in its sole discretion (each a “Renewal Term”). Nothing in this Contract requires the School District to exercise its option for a Renewal Term and Contractor has no expectation of a contract beyond the Initial Term, or a Renewal Term if any are exercised. Ninety (90) days prior to the end of the Initial Term, or any Renewal Term, the School District shall notify the Contractor in writing as to whether the School District will exercise any option for a Renewal Term. Notwithstanding the above, this Contract may be terminated in accordance with the provisions of the Contract Documents.

Appears in 1 contract

Samples: Master Agreement

Renewal Term. Following the Initial Term, the School District shall have the option to extend this Contract by up to two (2) additional years on a year-to-year basis, in its sole discretion (each a “Renewal Term”). Nothing in this Contract requires the School District to exercise its option for a Renewal Term and Contractor has no expectation of a contract beyond the Initial Term, or a Renewal Term if any are exercised. Ninety (90) days prior to the end of the Initial Term, or any Renewal Term, the School District shall notify the Contractor in writing as to whether the School District will exercise any option for a Renewal Term. Notwithstanding the above, this Contract may be terminated in accordance with the provisions of the Contract Documents.

Appears in 1 contract

Samples: Master Agreement

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Renewal Term. Following the Initial Term, the School District and/or Cooperative Member shall have the option to extend this Contract by up to two (2) additional years on a year-year- to-year basis, in its sole discretion (each a “Renewal Term”). Nothing in this Contract requires the School District and/or Cooperative Member to exercise its option for a Renewal Term and Contractor has no expectation of a contract beyond the Initial Term, or a Renewal Term if any are exercised. Ninety (90) days prior to the end of the Initial Term, or any Renewal Term, the School District and/or Cooperative Member shall notify the Contractor in writing as to whether the School District will exercise any option for a Renewal Term. Notwithstanding the above, this Contract may be terminated in accordance with the provisions of the Contract Documents.

Appears in 1 contract

Samples: Master Agreement

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