The term of this Agreement shall be for the period commencing on the date hereof and continuing through February 28, 2022, unless earlier terminated or extended in accordance with the provisions set forth in this Agreement (the “Term”). Unless Executive or Employer provides the other written notice prior to December 31, 2021 (or any December 31 thereafter) of such party’s election not to allow the Agreement to automatically renew, the Agreement shall automatically renew for successive one (1) year periods following the initial Term. Each year commencing on March 1 and ending on the last day of February during the Term shall be a “Contract Year.” Upon failure of either party to make the foregoing election by December 31, the Term of this Agreement shall be deemed renewed for the Contract Year commencing the following March 1 and, as used throughout this Agreement, “Term” shall include such additional Contract Year.