DEFINITION OF EMPLOYEE.

SEC. 343. DEFINITION OF EMPLOYEE. (a) Amendment of Section 3797 (a).—Section 3797 (a) is amended by adding at the end thereof the following new paragraph: “(20) Employee.—For the purpose of applying the provisions of chapter 1 with respect to contributions to or under a stock bonus, pension, profit-sharing, or annuity plan, and with respect to distributions under such a plan or by a trust forming part of such a plan, the term ‘employee’ shall include a full-time life insurance salesman who is considered an employee for the purpose 65 Stat. 517 of subchapter A of chapter 9, or, in the case of services performed before January 1, 1951, who would be considered an employee if his services were performed during 1951.” (b) Effective Date.—The amendment made by this section shall be applicable with respect to taxable years beginning after December 31, 1938.