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employer securities

Defined in 5 places of the United States Code.

A stock bonus plan shall not be treated as meeting the requirements of this section unless such plan meets the requirements of subsections (h) and (o) of section 409, except that in applying section 409(h) for purposes of this paragraph, the term “employer securities” shall include any securities of the employer held by the plan.

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For purposes of this paragraph, the term “employer securities” has the meaning given such term by section 409(l). The term “securities acquisition loan” shall not include a loan with a term greater than 15 years.

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If there is no common stock which meets the requirements of paragraph (1), the term “employer securities” means common stock issued by the employer (or by a corporation which is a member of the same controlled group) having a combination of voting power and dividend rights equal to or in excess of—

(A) that class of common stock of the employer (or of any other such corporation) having the greatest voting power, and

(B) that class of common stock of the employer (or of any other such corporation) having the greatest dividend rights.

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The term “employer securities” has the meaning given such term by section 409(l).

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  • 1994–present26 U.S.C. § 404Internal Revenue Code · Deduction for contributions of an employer to an employees trust or annuity plan and compensation under a deferred-payment plan · under this chapter

The term "employer securities" has the meaning given to such term by section 409(l).

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  • 1994–present26 U.S.C. § 4978Internal Revenue Code · Tax on certain dispositions by employee stock ownership plans and certain cooperatives · for purposes of this section

The term “employer securities” means common stock issued by the employer (or by a corporation which is a member of the same controlled group) which is readily tradable on an established securities market.

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