Upon the terms and subject to the conditions of this Agreement, the term of Executive’s employment under this Agreement (hereafter, the “Term”) shall commence as of the Employment Status Change Date and shall continue for twelve (12) months from the Employment Status Change Date; provided, however that the parties may extend the Term beyond twelve months or beyond any earlier agreed extension by mutual agreement at least ninety (90) calendar days prior to the anticipated end of the Term.  Notwithstanding the foregoing, this Agreement may terminate for any of the reasons set forth in of this Agreement. Executive agrees and acknowledges that the Prior Employment Agreement is terminated as of the Employment Status Change Date ; that the “Employment Period” applicable to the Prior Employment Agreement terminates as of the Employment Status Change Date ; that the termination of the Prior Employment Agreement is a “Voluntary Termination” within the meaning of Section 6 of the Prior Employment Agreement; and that notwithstanding such termination the Company and Executive have obligations under the Prior Employment Agreement that continue through and after the Term of this Agreement.