Common use of CONTRACT OPTIONS Clause in Contracts

CONTRACT OPTIONS. (a) Buyer may unilaterally exercise the option item(s) specified above by giving written notice to the Seller in the form of a purchase order which references this Agreement prior to contract expiration; provided that the Buyer has given Seller preliminary notice of the Buyer’s intent to extend at least 60 days before the Agreement expires. The preliminary notice does not commit Buyer to an extension. (b) Should Buyer exercise an option(s) hereunder, all contractual terms or conditions in force shall apply during the option period(s). (c) The Buyer may require the Subcontractor to continue to perform the services as required by this subcontract on the same terms and conditions, except as otherwise noted in this clause, for one month or any combination of successive months not to exceed a total of six (6) calendar months following the expiration of the subcontract period. The Buyer will furnish written notice to the Subcontractor at least 7 days before this subcontract or any extension thereof is to expire; provided however, that any extensions of services pursuant to this clause shall be for one or more calendar months. The price of services of each calendar month shall be the established prices set forth in the schedule. (d) CSC may require the subcontractor to provide additional services on an as needed basis at the prices set forth in the schedule. The request for additional flights shall be made at least 24 hours in advance in the form of an e-mail between CSC and Gulfstream. CSC shall provide a modification to the current year’s purchase order within 3 day’s after the notification increasing the firm fixed price and limitation of obligation.