Applying contract options
Contract options can only be applied when:
• the contract has the Active or Renewed status
• the reference date is active (see Reference date)
Procedure
1. At the Contracts selection level, select the contract for which you want to apply a contract option.
2. Go to > .
3. Select the contract option you want to apply.
4. On the Status transitions action panel, click Applied.
The contract option's status is now set to Applied.
Depending on the contract option type you are using, the following takes place:
◦ If you are using a renewal option, this option is now applied. Planon automatically changes the contract’s status from Active to Renewed while modifying the end date. The new end date is calculated as follows: current end date + renewal term.
◦ If you are using a shortening option, this option is now applied. Planon automatically changes the contract’s end date.
◦ If you are using a termination option, the following question is displayed:
The contract will be terminated, with <actual end date calculated by Planon> as end date. Would you like to continue? (Please select No to change the date).
If you select Yes, Planon automatically changes the contract’s status to Terminated while populating the contract’s Actual end date field. The actual end date is calculated as follows:
Date specified in the option’s Ultimate notification date field + term of notice.
If you select No, a dialog box is displayed allowing you to choose another actual end date for the contract.
 | When you shorten or extend a contract, Planon automatically calculates the new end date. If the date moves to another month, it may be adjusted to ensure it remains valid and consistent. For details, see End-of-month date alignment. |