The Company hereby employs Executive, and Executive hereby accepts such employment, for a term (as the same may be extended, the “Term”) commencing as of the Effective Date and continuing until April 30, 2020, unless terminated earlier in accordance with the provisions of Section 4. On April 30, 2020, the Term shall automatically be extended for successive two-year periods in accordance with the terms of this Agreement (subject to termination as aforesaid) unless either party notifies the other party of non-renewal in writing, in accordance with Section 8, 60 days prior to the expiration of the initial period or any subsequent renewal period.