Article 286-3Liabilities of Directors in Cases of Falsifying the Payment of Share Options
第二百八十六条の三（新株予約権に係る払込み等を仮装した場合の取締役等の責任）
If a share option holder that exercises a share option and is as set forth in the items of paragraph (1) of the preceding Article is liable to perform the actions specified in the relevant item, a person prescribed by Ministry of Justice Order as a director (in cases of a company with nominating committee, etc., including executive officers) involved in falsifying the payment or delivery under those items is liable to a stock company for the payment prescribed in those items; provided, however, that this does not apply to cases where the person (excluding the person who falsified the payment or delivery) proves that the person did not fail to exercise due care with respect to the performance of the person's duties.
新株予約権を行使した新株予約権者であって前条第一項各号に掲げる者に該当するものが当該各号に定める行為をする義務を負う場合には、当該各号の払込み又は給付を仮装することに関与した取締役（指名委員会等設置会社にあっては、執行役を含む。）として法務省令で定める者は、株式会社に対し、当該各号に規定する支払をする義務を負う。ただし、その者（当該払込み又は当該給付を仮装したものを除く。）がその職務を行うについて注意を怠らなかったことを証明した場合は、この限りでない。
If a share option holder that exercises a share options and is as set forth in the items of paragraph (1) of the preceding Article is liable to make the payment prescribed in the relevant item, if the person prescribed in the preceding paragraph assumes the liability set forth in the same paragraph, these persons will be joint and several obligors.
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(Liabilities of Share Option Holders That Have Falsified Payment of Share Option)
A share option holder that exercises a share option and is as set forth in the following items is liable to perform the acts specified in those items to a stock company:
新株予約権を行使した新株予約権者であって次の各号に掲げる者に該当するものは、株式会社に対し、当該各号に定める行為をする義務を負う。
Open this provision(Liabilities of Directors in Cases of Falsifying the Payment of Share Options)
If a share option holder that exercises a share option and is as set forth in the items of paragraph (1) of the preceding Article is liable to perform the actions specified in the relevant item…
新株予約権を行使した新株予約権者であって前条第一項各号に掲げる者に該当するものが当該各号に定める行為をする義務を負う場合には、当該各号の払込み又は給付を仮装することに関与した取締役（指名委員会等設置会社にあっては、執行役を含む。）として法務省令で定める者は、株式会社に対し、当該各号に規定する支払をする義務を負う。
Open this provisioncompany with nominating committee, etc.machine translation
「指名委員会等設置会社」
A stock company with a nominating committee, an audit committee and a remuneration committee, each made up of directors.
Defined inArticle 2, paragraph (1), item (xii)· applies throughout the law
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
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.