I never really thought about six-digits years (I don't really understand what is meant by "by mutual agreement"): is this something in use today and by whom? Who needs six-digits years and only six digit years? I mean: if you're projecting stuff in the future (like, say, continental drift), you'll be stuff at year 99999 and have the exact same problem of wrapping around back to zero when you'd need year 1000000 no? O…
For long timescales (geological deep time) I believe using SI units are more appropriate: https://en.wikipedia.org/wiki/Year#SI_prefix_multipliers