The initial term of employment of the Employee hereunder shall commence on March 15, 2017 (the “ Commencement Date ”) and shall continue until the third (3rd) anniversary of the Commencement Date (the “ Initial Term ”), unless earlier terminated pursuant to §6, and shall be renewed automatically for additional one (1) year terms (each, a “ Renewal Term ”) thereafter unless terminated by either party by written notice to the other given at least forty-five (45) days prior to the expiration of the then current term.