In cases where a stock company carries out any of the acts set forth below, pledge for share options is effective with respect to the monies, etc. which the holders of relevant share options are entitled to receive as a result of relevant act:
the acquisition of share options;
新株予約権の取得
merger (but only if relevant stock company disappears in the merger);
合併（合併により当該株式会社が消滅する場合に限る。）
Registered pledgees of share options may receive the monies, etc. (limited to monies) under the preceding paragraph, and appropriate them as payment to satisfy their own claims in priority to other creditors.
登録新株予約権質権者は、前項の金銭等（金銭に限る。）を受領し、他の債権者に先立って自己の債権の弁済に充てることができる。
If a stock company performs the acts set forth in the following items, if the claims under the preceding paragraph have not yet become due and payable, the registered pledgees of share options may have the person specified in each of those items deposit an amount equivalent to the value of the monies, etc. provided for in that paragraph. In these cases, the pledge is effective with respect to the monies so deposited:
株式会社が次の各号に掲げる行為をした場合において、前項の債権の弁済期が到来していないときは、登録新株予約権質権者は、当該各号に定める者に同項に規定する金銭等に相当する金額を供託させることができる。この場合において、質権は、その供託金について存在する。
acquisition of share options:the stock company;
新株予約権の取得 当該株式会社
merger (but only if the stock company disappears in the merger):the company surviving the absorption-type merger as prescribed in Article 749, paragraph (1) or the company incorporated in the consolidation-type merger as prescribed in Article 753, paragraph (1).
合併（合併により当該株式会社が消滅する場合に限る。） 第七百四十九条第一項に規定する吸収合併存続会社又は第七百五十三条第一項に規定する新設合併設立会社
The provisions of the preceding three paragraphs apply mutatis mutandis to cases where a special controlling shareholder acquires share options subject to the cash-out by the demand for share option cash-out. In this case, "the person specified in each of those items" in the preceding paragraph is deemed to be replaced with "the special controlling shareholder".
Pledges for share options attached to bonds with share option (limited to cases where the property provided for in Article 236, paragraph (1), item (iii) consists of the bonds with respect to relevant bonds with share option, and the redemption amount for relevant bonds is equal to or more than the value provided for in item (ii) of that paragraph with respect to relevant share options) are effective with respect to the shares that the holders of relevant share options receive by exercising relevant share options.
新株予約権付社債に付された新株予約権（第二百三十六条第一項第三号の財産が当該新株予約権付社債についての社債であるものであって、当該社債の償還額が当該新株予約権についての同項第二号の価額以上であるものに限る。）を目的とする質権は、当該新株予約権の行使をすることにより当該新株予約権の新株予約権者が交付を受ける株式について存在する。
Read this with the articles around it
(Features of Share Option)
the value of the property to be contributed when relevant share options are exercised or the method for calculating that value;
当該新株予約権の行使に際して出資される財産の価額又はその算定方法
Open this provision(Features of Share Option)
if property other than monies will be the subject of the contribution when share options are exercised, a statement to that effect and the description and value of that property;
金銭以外の財産を当該新株予約権の行使に際してする出資の目的とするときは、その旨並びに当該財産の内容及び価額
Open this provision(Effect of Pledging Share Options)
In cases where a stock company carries out any of the acts set forth below, pledge for share options is effective with respect to the monies, etc. which the holders of relevant share options are…
株式会社が次に掲げる行為をした場合には、新株予約権を目的とする質権は、当該行為によって当該新株予約権の新株予約権者が受けることのできる金銭等について存在する。
Open this provision(Effect of Pledging Share Options)
Registered pledgees of share options may receive the monies, etc. (limited to monies) under the preceding paragraph, and appropriate them as payment to satisfy their own claims in priority to other…
登録新株予約権質権者は、前項の金銭等（金銭に限る。）を受領し、他の債権者に先立って自己の債権の弁済に充てることができる。
Open this provision(Effect of Pledging Share Options)
If a stock company performs the acts set forth in the following items, if the claims under the preceding paragraph have not yet become due and payable…
株式会社が次の各号に掲げる行為をした場合において、前項の債権の弁済期が到来していないときは、登録新株予約権質権者は、当該各号に定める者に同項に規定する金銭等に相当する金額を供託させることができる。この場合において、質権は、その供託金について存在する。
Open this provision(Entity Conversion Plans of Stock Companies)
whether a membership company after the entity conversion (hereinafter referred to as the "membership company after entity conversion") is a general partnership company, limited partnership company…
組織変更後の持分会社（以下この編において「組織変更後持分会社」という。）が合名会社、合資会社又は合同会社のいずれであるかの別
Open this provision(Absorption-Type Merger Agreement in Which a Stock Company Survives)
If a company effects an absorption-type merger, if the company surviving the absorption-type merger (hereinafter referred to as the "company surviving the absorption-type merger") is a stock company…
会社が吸収合併をする場合において、吸収合併後存続する会社（以下この編において「吸収合併存続会社」という。）が株式会社であるときは、吸収合併契約において、次に掲げる事項を定めなければならない。
Open this provision(Consolidation-Type Merger Agreements by Which a Stock Company Is Incorporated)
If two or more companies effect a consolidation-type merger, if the company that is incorporated in the consolidation-type merger…
二以上の会社が新設合併をする場合において、新設合併により設立する会社（以下この編において「新設合併設立会社」という。）が株式会社であるときは、新設合併契約において、次に掲げる事項を定めなければならない。
Open this provisionshare 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
bonds with share options
「新株予約権付社債」
A bond with share options attached to it.
Defined inArticle 2, paragraph (1), item (xxii)· applies throughout the law
bond
「社債」
A money claim against a company, arising from an allotment the company makes under this Act, that is to be repaid according to the terms set under Article 676.
Defined inArticle 2, paragraph (1), item (xxiii)· applies throughout the law
entity conversion
「組織変更」
A company's changing its legal form, either from a stock company into a membership company (a general partnership, limited partnership or limited liability company) or the other way round.
Defined inArticle 2, paragraph (1), item (xxvi)· applies throughout the law
absorption-type company split
「吸収分割」
A stock company or limited liability company's handing over all or part of the rights and obligations of its business to another existing company, which takes them over.
Defined inArticle 2, paragraph (1), item (xxix)· applies throughout the law
incorporation-type company split
「新設分割」
One or more stock companies or limited liability companies handing over all or part of the rights and obligations of their business to a new company formed by the split.
Defined inArticle 2, paragraph (1), item (xxx)· applies throughout the law
share exchange
「株式交換」
A stock company's having all of its issued shares acquired by another existing stock company or limited liability company, which becomes its sole owner.
Defined inArticle 2, paragraph (1), item (xxxi)· applies throughout the law
share transfer
「株式移転」
One or more stock companies having all of their issued shares acquired by a newly formed stock company, which becomes their sole owner.
Defined inArticle 2, paragraph (1), item (xxxii)· applies throughout the law
monies, etc.machine translation
「金銭等」
Money and any other property.
Defined inArticle 151, paragraph (1)
special controlling shareholdermachine translation
「特別支配株主」
A person who, together with the stock companies it wholly owns and similar corporations set by Ministry of Justice Order (法務省令), holds nine tenths or more of the votes in a stock company (or any higher proportion its articles of incorporation set), and who may therefore demand that all other shareholders sell it their shares.
Defined inArticle 179, paragraph (1)
demand for share option cash-out
「新株予約権売渡請求」
A demand by a special controlling shareholder (one holding at least nine tenths of the votes), made along with its demand for cash-out of the shares, that all holders of the company's share options sell them to it.
Short name set inArticle 179, paragraph (3)
share options subject to the cash-out
「売渡新株予約権」
The share options, with any bonds they are attached to where the demand covers them, that a special controlling shareholder (one holding at least nine tenths of the votes) demands their holders sell to it in a cash-out.
Short name set inArticle 179-2, paragraph (1), item (iv), (b)· applies only in this part
registered pledgee of share options
「登録新株予約権質権者」
A person holding a pledge over share options who is entered as pledgee in the company's share option register.
Short name set inArticle 270, paragraph (1)
membership company after entity conversion
「組織変更後持分会社」
The membership company that a stock company becomes through entity conversion.
Short name set inArticle 744, paragraph (1), item (i)· applies only in this part
company surviving the absorption-type merger
「吸収合併存続会社」
The company that survives an absorption-type merger and takes over the rights and obligations of the company that ceases to exist.
Short name set inArticle 749, paragraph (1)· applies only in this part
company incorporated in the consolidation-type merger
「新設合併設立会社」
The new company formed in a consolidation-type merger, which takes over all the rights and obligations of the companies that merged into it.
Short name set inArticle 753, paragraph (1)· applies only in this part