The term of Executive’s employment hereunder by the Company will commence on August 20, 2018 or such earlier date mutually selected by the parties (the “ Effective Date ”) and will continue for three years thereafter (the “ Initial Period ”). Following the Initial Period, the term will automatically renew for one-year periods unless either party notifies the other party of nonrenewal at least 90 days prior to the end of the Initial Period or such one-year period (the Initial Period and any subsequent renewal periods, the “ Employment Period ”).