eligible corporation
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 1202 — for purposes of this section (4 versions over time)
For purposes of this subsection, the term “eligible corporation” means any domestic corporation; except that such term shall not include—
(A) a DISC or former DISC,
(B) a regulated investment company, real estate investment trust, or REMIC, and
(C) a cooperative.
26 U.S.C. § 83 — for purposes of this subtitle
The term “eligible corporation” means, with respect to any calendar year, any corporation if—
(I) no stock of such corporation (or any predecessor of such corporation) is readily tradable on an established securities market (as determined under paragraph (1)(B)(iii)) during any preceding calendar year, and
(II) such corporation has a written plan under which, in such calendar year, not less than 80 percent of all employees who provide services to such corporation in the United States (or any possession of the United States) are granted stock options, or are granted restricted stock units, with the same rights and privileges to receive qualified stock.