Common use of Option Year Clause in Contracts

Option Year. The Department shall have the right to extend the term of this Agreement for four (4) In the event the Department desires to extend the Term of this Agreement pursuant to this Section 1.5, the Department shall give the Contractor written notice of such election at least sixty (60) days prior to the beginning of the applicable Option Year.

Option Year. The Department shall have the right to extend the term of this Agreement for four (4) one-year option periods (each such period, an “Option Year”), the first of which would begin on the date that the base year Term expires; and the second of which would begin on the date that Option Year 001 expires and end one year from the date that Option Year 001 expires. In the event the Department desires to extend the Term of this Agreement pursuant to this Section 1.51.6, the Department shall give the Contractor written notice of such election at least sixty (60) days prior to the beginning of the applicable Option Year.thirty