The term of this Agreement shall be a period of two years commencing on the Effective Date, subject to earlier termination as provided herein. On each anniversary of this Agreement the term shall be extended for a period of one year in addition to the then-remaining term, provided that the Company has not given notice to the Employee in writing at least 30 days prior to such anniversary that the term of this Agreement shall not be extended further. No annual extension can automatically extend beyond the Employee’s 65 th Birthday.