The Company hereby agrees to employ the Executive, and the Executive hereby agrees to be employed by the Company, subject to and upon the terms and conditions set forth in this Agreement, for a term (the “ Term ”) which shall commence on September 1, 2016 (the “ Effective Date ”) and end at the end of the fiscal year of the Company ending in 2020.  Absent any written agreement between the parties to extend the Term for a renewal term or other period ending at an agreed upon date or time subsequent to the end of the fiscal year of the Company ending in 2020, the Term will end at the end of the fiscal year of the Company ending in 2020.