The Company agrees to employ Executive pursuant to the terms of this Agreement, and Executive agrees to be so employed, for a term of three (3) years and five (5) months (the “ Initial Term ”) commencing as of the Effective Date. Notwithstanding the foregoing, Executive’s employment hereunder may be earlier terminated in accordance with Section 9 hereof, subject to Section 10 hereof. Terms used herein with initial capitalization not otherwise defined are defined in Section 25 . The period of time between the Effective Date and the termination of Executive’s employment hereunder shall be referred to as the “ Employment Period .” Unless the Company gives Executive written notice at least ninety (90) days prior to the end of the Initial Term or any Renewal Term (as defined below), as the case may be, of its intent that this Agreement shall expire at the end of such Initial Term or Renewal Term, this Agreement shall automatically and without further action by the Company or Executive renew for another term of one (1) year on the same terms and conditions, including this sentence, except that such renewal term and any succeeding renewal term shall be the “Renewal Term” and “Renewal Term” shall replace (Initial Term”.