Subject to Section 8 hereof, the Company agrees to continue to employ Executive, and Executive agrees to continue to be employed by the Company, in each case pursuant to this Agreement, for a period commencing on Effective Date, and ending on the day preceding the third (3rd) anniversary of the Effective Date (the “ Initial Term ”); provided, however , that the period of Executive’s employment pursuant to this Employment Agreement shall be automatically extended for successive one (1) year periods thereafter (each, a “ Renewal Term ”), in each case unless either Party hereto provides the other Party with written notice that such period shall not be so extended at least one hundred eighty (180) days in advance of the expiration of the Initial Term or the then-current Renewal Term, as applicable (the Initial Term and any Renewal Term, collectively, the “ Term ”). Each additional one (1) year Renewal Term shall be added to the end of the next scheduled expiration date of the Initial Term or Renewal Term, as applicable, on the day following the last date on which notice may be given pursuant to the preceding sentence.