The provisions of the preceding paragraph do not apply if the share options acquired by the acquirer of share options are share options with restriction on transfer; provided, however, that this does not apply if it falls under any of the following:
relevant acquirer of share options has obtained approval under the following Article as to an intended acquisition of relevant share options with restriction of transfer;
relevant acquirer of share options has obtained approval under Article 263, paragraph (1) as to a completed acquisition of relevant share options with restriction of transfer;
当該新株予約権取得者が当該譲渡制限新株予約権を取得したことについて第二百六十三条第一項の承認を受けていること。
relevant acquirer of share options is a person who acquired the share options with restriction of transfer by general succession including inheritance.
Read this with the articles around it
share option
「新株予約権」
A right that entitles its holder, by exercising it against a stock company, to receive shares of that company.
Defined inArticle 2, paragraph (1), item (xxi)· applies throughout the law
share options with restriction on transfermachine translation
「譲渡制限新株予約権」
Share options whose terms require the company's approval for anyone to acquire them by transfer.
Defined inArticle 243, paragraph (2), item (ii)· applies only in this chapter
acquirer of share options
「新株予約権取得者」
A person who has acquired share options from someone other than the company that issued them, and who may ask that company to enter the acquisition in its share option register.
Short name set inArticle 260, paragraph (1)· applies only in this section