Optional Renewal Terms. In addition to the base period of one (1) year, there are (_) (insert number of renewals) one-year optional renewal terms (each a "Renewal Term") to be exercised at the sole discretion of APS. Additionally, as required by O.C.G.A. § 20-2-506, this Contract shall terminate absolutely and without further obligation on the part of APS at the close of the calendar year in which it was executed and at the close of each succeeding calendar year for which it may be renewed, unless earlier terminated as provided in this Agreement or renewed as provided herein. During the Term, this Contract will be automatically renewed for the following calendar year unless this Contract is terminated in accordance with the provisions of Article VII herein below.
Appears in 2 contracts
Sources: Contractor Agreement, Contract Agreement