The term of Executive’s employment hereunder by the Company will commence on the date hereof (the “ Effective Date ”) and will continue until July 18, 2020(the “ Initial Period ”). On the expiration of the Initial Period, the term will automatically renew for one year periods unless either party notifies in writing the other party of nonrenewal at least 180 days prior to the renewal date (the Initial Period and any subsequent renewal periods, the “ Employment Period ”).