The Employer agrees to employ Executive and Executive agrees to be employed by the Employer, beginning as of January 1, 2016 (the “ Effective Date ”) and Executive’s employment under this Agreement shall terminate on the earlier of (i) December 31, 2018 and (ii) the termination of Executive’s employment under this Agreement. The period from the Effective Date until the termination of Executive’s employment under this Agreement is referred to as the “ Employment Period .” To the extent Executive remains employed by the Company after the expiration of the Employment Period, such employment shall be subject to the terms and conditions to which the Company and Executive at that time shall agree.