Article 278Determination of Matters in Relation to Allotment of Share Options without Contribution
第二百七十八条（新株予約権無償割当てに関する事項の決定）
Whenever a stock company intends to effect the allotment of share options without contribution, it must prescribe the following matters:
株式会社は、新株予約権無償割当てをしようとするときは、その都度、次に掲げる事項を定めなければならない。
the features and number of the share options the stock company will allot to shareholders or the method for calculating that number;
株主に割り当てる新株予約権の内容及び数又はその算定方法
if the share options provided for in the preceding item are attached to bonds with share option, the classes of bonds with respect to relevant bonds with share option, and the total of the amounts for each bond or the method for calculating that amount;
the day when relevant allotment of share options without contribution becomes effective; and
当該新株予約権無償割当てがその効力を生ずる日
if the stock company is a company with class shares, the classes of shares held by shareholders who are entitled to relevant allotment of share options without contribution.
株式会社が種類株式発行会社である場合には、当該新株予約権無償割当てを受ける株主の有する株式の種類
The provisions regarding the matters set forth in item (i) and item (ii) of the preceding paragraph must be that the share options under item (i) of that paragraph and the bonds under item (ii) of that paragraph will be allotted in proportion to the number of shares (or, for a company with class shares, the shares of the classes under item (iv) of that paragraph) held by shareholders (or, for a company with class shares, class shareholders of the classes under item (iv) of that paragraph) other than relevant stock company.
The determination of the matters set forth in each item of paragraph (1) must be made by a resolution at a shareholders meeting (or at a board of directors meeting for a company with board of directors);provided, however, that this does not apply if it is otherwise provided for in the articles of incorporation.