### Question
How does SHARING, STOCK BONUS PLANS, ETC. define employee stock ownership plan?


### Answer
Under *26 U.S.C. § 409*, **employee stock ownership plan** is defined as:

> given such term by section 4975(e)(7).

#### Citation:
  - *26 U.S.C. § 409*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter D-Deferred Compensation, Etc. > PART I-PENSION, PROFIT-SHARING, STOCK BONUS PLANS, ETC. > Subpart A-General Rule**

