The initial term of employment under this Agreement (the “ Initial Term ”) shall be for the period beginning on the Effective Date and ending on the third (3 rd ) anniversary of the Effective Date, unless earlier terminated as provided in paragraph 2.2.  The employment term hereunder shall automatically be extended for successive one (1)-year periods commencing with the third (3 rd ) anniversary of the Effective Date (“ Extension Terms ” and, collectively with the Initial Term, the “ Term ”) unless earlier terminated in accordance with this Agreement.