ESOP beneficiary
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 2056 — under this section
The term “ESOP beneficiary” means any beneficiary which is an employee stock ownership plan (as defined in section 4975(e)(7)) that holds a remainder interest in qualified employer securities (as defined in section 664(g)(4)) to be transferred to such plan in a qualified gratuitous transfer (as defined in section 664(g)(1)).