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Article 276

第二百七十六条

A stock company may cancel its own share options. In these cases, the stock company must determine the features and number of the own share options it intends to cancel.

株式会社は、自己新株予約権を消却することができる。この場合においては、消却する自己新株予約権の内容及び数を定めなければならない。

For a company with board of directors, the determination under the provisions of the second sentence of the preceding paragraph must be made by a resolution at a board of directors meeting.

取締役会設置会社においては、前項後段の規定による決定は、取締役会の決議によらなければならない。

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