[Section 409A] Limit. “[Section 409A] Limit” will mean two (2) times the lesser of: # Executive’s annualized compensation based upon the annual rate of pay paid to Executive during the Executive’s taxable year preceding the Executive’s taxable year of his or her separation from service as determined under Treasury Regulation Section

For purposes of this Agreement, “[Section 409A] Limit. “[Section 409A] Limit”Limit” will mean a sum equal # to the amounts payable prior to March 15 following the year in which Executive terminations plus # the lesser of two (2) times the lesser of:times: # Executive’Executive’s annualized compensation based upon the annual rate of pay paid to Executive during the Executive’Corporation’s taxable year preceding the Executive’Corporation’s taxable year of his or her separation from serviceExecutive’s termination of employment as determined under Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1) and any IRS guidance issued with respect thereto; or # the maximum amount that may be taken into account under a qualified plan pursuant to Section 401(a)(17) of the Code for the year in which Executive’s employment is terminated.