This Agreement shall commence on the date it is fully executed by both parties and shall continue in effect for three years thereafter; provided, however, that on each anniversary of the effective date of this Agreement, this Agreement shall automatically extend for an additional year unless the Bank provides Executive with written notice of non-renewal at least six (6) months prior to such anniversary. This Agreement shall remain in effect during the employment of the Executive by the Bank, its successors or assigns, and shall survive termination of such employment until all payments and benefits, if any, under this Agreement have been paid or satisfied.