ESOP beneficiary
Defined in 1 place of the United States Code.
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)).
Source
- 1997–present26 U.S.C. § 2056Internal Revenue Code · Bequests, etc., to surviving spouse · under this section