The employment of the Executive by the Company under this Agreement shall commence as of the Effective Date and continue until the first anniversary of the Effective Date (the “ Term ”) and this Agreement shall terminate as of the last day of the Term (the “ Expiration Date ”). Following the Expiration Date, the Executive may continue his employment with the Company as an “at will” employee in the position set forth in Paragraph 3 and/or such other position as assigned by the Company. For the avoidance of doubt, the expiration of this Agreement shall not result in the Executive’s termination of employment.