Aha! I missed seeing the second one! It was actually showing blank!
Just to be clear. If I set
> Bonus time when reactivating expired subscriptions to NO BONUS. The renewal will be for the current term (which happens to expire September 30, 2017)
> Bonus time when reactivating expired subscriptions to 3 MONTHS, The expired renewal will expire for the next period, which in my case would be October 1, 2017 - September 30, 2018). This means the 3 months before expiration (July 1, annually) expired members can renew for the next term coming up.
I have to say CBSubs is super-powerful! It can be overwhelming.