; (ii) a business with not more than 25 employees; (iii) any individual who operates under a sole proprietorship or as an independent contractor; or (iv) any corporation all of the stock of which is owned by an employee stock ownership plan (as defined in section 4975(e)(7) of the Internal Revenue Code of 1986) with not more than 100 employees. (4) The term program means the Emergency Micro-enterprise Recovery Grant Pilot Program.