Term Extension Agreement Sample Contracts

Contract
Term Extension Agreement • October 15th, 2018

Term Extension: The State reserves the right to extend this Agreement for an additional period or periods of time by means of an amendment to this Agreement, so long as the total term of this Agreement does not extend beyond five (5) years after the effective date of the Agreement and such amendment is fully executed prior to the expiration of the then current term of the Agreement. If an amendment to extend the term of this Agreement necessitates additional funding beyond that which was included in the Agreement, an increase in the State’s maximum liability will also be included in the amendment and based upon the payment rates provided in the Agreement.

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TERM EXTENSION AGREEMENT
Term Extension Agreement • June 7th, 2024

This Term Extension Agreement (this “Agreement”) is effective as of July 1, 2024 (the “Effective Date”) by and among Municipalities, Colleges, Schools Insurance Group (“MCSIG”), BridgeHealth Medical, Inc. (“BridgeHealth”) and Transcarent, Inc. (“Transcarent” and, together with BridgeHealth and MCSIG, collectively, the “Parties”).

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