The term of this Agreement shall commence on the date hereof and end on the earlier of (i) the termination of the Executive by IHC or the last date of employment with IHC or (ii) the five-year anniversary thereof; provided, however , that such term shall be automatically extended for successive two (2) year periods unless IAHC shall, at least thirty (30) days prior to the expiration of the then-applicable term, have given written notice to the Executive that the term of the Agreement shall not be so extended, in which case no such extension shall occur.