Supplementary Provisions, Article 4
第四条
With regard to the application of Article 266, paragraph (7), items (i) and (iii) of the Amended Commercial Code, paragraphs (10) and (11) of that Article (including cases where applied mutatis mutandis under paragraphs (16) and (23) of that Article), and paragraphs (12) and (14), paragraph (19), items (i) and (iii), and paragraph (22), item (i) of that Article, to a director who has exercised the right under Article 210-2, paragraph (2), item (iii) of the Commercial Code prior to the amendment by the Act Partially Amending the Commercial Code, etc. and Other Matters (Act No. 79 of 2001) (including cases where that provision remains in force pursuant to Article 3, paragraph (2) of the Supplementary Provisions of that Act) or the right under Article 280-19, paragraph (1) of the Commercial Code prior to the amendment by the Act Partially Amending the Commercial Code, etc. (Act No. 128 of 2001) (including cases where the provisions then in force continue to govern pursuant to Article 6, paragraph (1) of the Supplementary Provisions of that Act), or to a director who holds such a right, the phrase "the amount multiplied by the number of rights" in Article 266, paragraph (7), item (iii) of that Code is deemed to be replaced with "the amount multiplied by the number of rights, the amount obtained, when the right under Article 210-2, paragraph (2), item (iii) prior to the amendment under the Act Partially Amending the Commercial Code, etc. and Other Matters (Act No. 79 of 2001) (including cases where that provision remains in force pursuant to Article 3, paragraph (2) of the Supplementary Provisions of that Act) has been exercised after assuming office, by multiplying the amount obtained by deducting the transfer price from the market price of the shares of that company at the time of exercise by the number of shares acquired by transfer, and the amount obtained, when the right under Article 280-19, paragraph (1) prior to the amendment under the Act Partially Amending the Commercial Code, etc. (Act No. 128 of 2001) (including cases where the provisions then in force are to continue to govern pursuant to Article 6, paragraph (1) of the Supplementary Provisions of that Act) has been exercised after assuming office, by multiplying the amount obtained by deducting the issue price or the price at which transfer was received from the market price of the shares of that company at the time of exercise by the number of shares issued or transferred in lieu of issue".
商法等の一部を改正する等の法律(平成十三年法律第七十九号)による改正前の商法第二百十条ノ二第二項第三号(商法等の一部を改正する等の法律附則第三条第二項の規定によりなおその効力を有するものとされる場合を含む。)又は商法等の一部を改正する法律(平成十三年法律第百二十八号)による改正前の商法第二百八十条ノ十九第一項(商法等の一部を改正する法律附則第六条第一項の規定によりなお従前の例によることとされる場合を含む。)の権利を行使した取締役又は当該権利を有する取締役についての新商法第二百六十六条第七項第一号及び第三号、同条第十項及び第十一項(同条第十六項及び第二十三項において準用する場合を含む。)並びに同条第十二項、第十四項、第十九項第一号及び第三号並びに第二十二項第一号の規定の適用については、同条第七項第三号中「権利ノ数ヲ乗ジタル額」とあるのは、「権利ノ数ヲ乗ジタル額、商法等の一部を改正する等の法律(平成十三年法律第七十九号)ニ依ル改正前ノ第二百十条ノ二第二項第三号(同法附則第三条第二項ノ規定ニ依リ仍其ノ効力ヲ有スルモノトセラレタル場合ヲ含ム)ノ権利ヲ就任後ニ行使シタルトキハ行使ノ時ニ於ケル其ノ会社ノ株式ノ時価ヨリ譲渡ノ価額ヲ控除シタル額ニ譲受ケタル株式ノ数ヲ乗ジタル額、商法等の一部を改正する法律(平成十三年法律第百二十八号)ニ依ル改正前ノ第二百八十条ノ十九第一項(同法附則第六条第一項ノ規定ニ依リ仍従前ノ例ニ依ルコトトセラレタル場合ヲ含ム)ノ権利ヲ就任後ニ行使シタルトキハ行使ノ時ニ於ケル其ノ会社ノ株式ノ時価ヨリ発行価額又ハ移転ヲ受ケタル価額ヲ控除シタル額ニ発行ヲ受ケ又ハ之ニ代ヘテ移転ヲ受ケタル株式ノ数ヲ乗ジタル額」とする。
Amended Commercial Codemachine translation
「新商法」
This Act as amended by Act No. 149 of 2001.
Short name set inSupplementary Provisions, Article 2, paragraph (1)
director
取締役
An officer of a stock company, elected by the shareholders meeting (Companies Act, Article 329, paragraph (1)). Every stock company has at least one (Article 326, paragraph (1)). Where there is no board of directors, the directors run the company's business unless the articles of incorporation say otherwise (Article 348, paragraph (1)), and each of them represents it unless the company has chosen representative directors (代表取締役) or others to do that (Article 349, paragraphs (1) and (3)). Where there is a board (取締役会, board of directors), the directors are its members, and the board decides the business and normally chooses the representative directors from among them (Article 362). The term normally runs to the annual shareholders meeting for the last business year ending within two years of election (Article 332, paragraph (1)).
Written by AI using Companies Act, Arts. 326, 329, 332, 348, 349, 362 as a reference.