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the maximum deferral under all such eligible deferred compensation plans shall not <br />exceed the Normal Limitation described in Section 2.3(a) (as modified by any adjustment <br />provided under Section 2.3(b)). The Employer shall distribute the amount of a <br />Participant's deferral in excess of the distribution limitations stated in Section 2.3, <br />together with allocable net income, as soon as administratively practicable after the Plan <br />determines that the amount is an excess deferral. For purposes of determining whether <br />there is an excess deferral under Section 2.3, all plans under which a Participant <br />participates as a result of his employment with the Employer shall be treated as a single <br />plan. <br />NB 1:5645773 8 <br />55C-49