The initial term of this Agreement and the period of Executive's employment hereunder shall begin as of the Effective Date and shall continue through December 31, 2020.  Commencing on January 1, 2019 and continuing on each January 1 st thereafter (the " Anniversary Date "), this Agreement shall renew for an additional year such that the remaining term shall be three (3) years unless written notice of non-renewal (" Non-Renewal Notice ") is provided to Executive at least 30 days prior to any such Anniversary Date, in which event this Agreement shall terminate at the end of 24 months following such Anniversary Date.  Prior to each notice period for non-renewal, the disinterested members of the Board of Directors of the Bank (the " Board ") will conduct a comprehensive performance evaluation and review of Executive for purposes of determining whether to take action regarding non-renewal of the Agreement, and the results thereof shall be included in the minutes of the Board's meeting.  Reference herein to the term of this Agreement shall refer to both such initial term and such extended terms.