Elliott’s employment hereunder shall commence on the Commencement Date and continue in full force and effect for a period of two (2) years, unless sooner terminated in accordance with the provisions hereof (the “ Term ”). Commencing on the first (1st) anniversary of the Commencement Date, such Term shall automatically extend so that on any day that this Agreement is in effect, it shall have a then current term of one (1) year. Such automatic extensions shall cease upon RAI’s written notice to Elliott of its election to terminate this Agreement at the end of the one (1) year period then in effect (a “ Notice of Non-Renewal ”).