The Company hereby employs the Executive, and the Executive hereby accepts employment with the Company for a period of one (1) year commencing as of the Effective Date (such period, as it may be extended or renewed, the “Term”), which employment may be terminated in accordance with the provisions of Section 6. The Term shall be automatically renewed for successive one-year terms unless notice of non-renewal is given in writing by either party at least 30 days before the end of the Term.