The initial term of this Agreement will commence on the Effective Date and expire on March 11, 2018. Commencing on March 12, 2018 and continuing on each March 12th thereafter (in each case an “Anniversary Date”), this Agreement shall be extended for one additional year unless written notice that the Agreement will not be extended is provided to the Executive at least 60 days prior to such Anniversary Date. The initial term and any extensions thereof made pursuant to this Section 3.1 are referred to as the “Term.” The Employer’s election not to extend this Agreement shall not constitute termination of the Executive’s employment for purposes of this Agreement, including termination for Cause, and shall not constitute “Good Reason” in connection with any termination of the Executive’s employment by the Executive.