In cases of carrying out any one of the acts set forth in the following items, holders of share options of the disappearing stock company, etc. provided for in those items may demand that the disappearing stock company, etc. purchase, at a fair price, the share options that they hold:
consolidation-type merger:share options other than those for which provisions on the matters set forth in Article 753, paragraph (1), item (x) or (xi) meet the conditions set forth in Article 236, paragraph (1), item (viii) (limited to those related to (a) of that item);
新設合併 第七百五十三条第一項第十号又は第十一号に掲げる事項についての定めが第二百三十六条第一項第八号の条件（同号イに関するものに限る。）に合致する新株予約権以外の新株予約権
incorporation-type company split (limited to cases where the company incorporated in the incorporation-type split is a stock company): among the following share options, share options other than those for which provisions on the matters set forth in Article 763, paragraph (1), item (x) or (xi) meet the conditions set forth in Article 236, paragraph (1), item (viii) (limited to those related to (c) of that item):
新設分割（新設分割設立会社が株式会社である場合に限る。） 次に掲げる新株予約権のうち、第七百六十三条第一項第十号又は第十一号に掲げる事項についての定めが第二百三十六条第一項第八号の条件（同号ハに関するものに限る。）に合致する新株予約権以外の新株予約権
share options other than share options in the incorporation-type split plan and for which there are provisions to the effect that, in the case of effecting an incorporation-type company split, share options of the stock company incorporated in the incorporation-type split are to be delivered to holders of the share options; or
新設分割計画新株予約権以外の新株予約権であって、新設分割をする場合において当該新株予約権の新株予約権者に新設分割設立株式会社の新株予約権を交付することとする旨の定めがあるもの
share exchange: among the following share options, share options other than those for which provisions on the matters set forth in Article 773, paragraph (1), item (ix) or (x) meet the conditions set forth in Article 236, paragraph (1), item (viii) (limited to those related to (e) of that item):
株式移転 次に掲げる新株予約権のうち、第七百七十三条第一項第九号又は第十号に掲げる事項についての定めが第二百三十六条第一項第八号の条件（同号ホに関するものに限る。）に合致する新株予約権以外の新株予約権
share options other than share options under share transfer plan and for which there are provisions to the effect that, in the case of effecting a share transfer, share options in the wholly owning parent company incorporated in a share transfer are to be delivered to holders of relevant share options.
株式移転計画新株予約権以外の新株予約権であって、株式移転をする場合において当該新株予約権の新株予約権者に株式移転設立完全親会社の新株予約権を交付することとする旨の定めがあるもの
If holders of the share options attached to bonds with share options intend to make the demand under the preceding paragraph (hereinafter referred to as the "exercise of appraisal rights on share options" in this Division), they must also demand that the disappearing stock company purchase the bonds concerning bonds with share options;provided, however, that this does not apply if it is otherwise provided for with respect to the share options attached to relevant bonds with share options.
The disappearing stock company, etc. set forth in the following items must notify holders of share options provided for in those items that they will effect a consolidation-type merger, etc. and the trade names and address of the disappearing company, etc. and the incorporated company, within two weeks from the day of the resolution at the shareholders meeting referred to in Article 804, paragraph (1) (or, in the cases prescribed in paragraph (2) of that Article, the day of obtainment of the consent of all shareholders referred to in that paragraph, and in the cases prescribed in Article 805, the day of preparation of the incorporation-type company split plan):
stock company splitting in the incorporation-type split if the company incorporated in the incorporation-type split is a stock company: the following share options:
share options other than share options in the incorporation-type split plan and for which there are provisions to the effect that, in the case of effecting an incorporation-type company split, share options of the stock company incorporated in the incorporation-type split are to be delivered to holders of relevant share options; and
新設分割計画新株予約権以外の新株予約権であって、新設分割をする場合において当該新株予約権の新株予約権者に新設分割設立株式会社の新株予約権を交付することとする旨の定めがあるもの
share options other than the share options in the share transfer plan, for which there are provisions to the effect that, in the case of effecting a share transfer, share options in the wholly owning parent company incorporated in a share transfer are to be delivered to holders of relevant share options.
株式移転計画新株予約権以外の新株予約権であって、株式移転をする場合において当該新株予約権の新株予約権者に株式移転設立完全親会社の新株予約権を交付することとする旨の定めがあるもの
A public notice may be substituted for the notice under the provisions of the preceding paragraph.
前項の規定による通知は、公告をもってこれに代えることができる。
To exercise appraisal rights on share options, the share option holder must indicate the number of share options with regard to which the holder is exercising appraisal rights, within twenty days from the day of the notice under the provisions of paragraph (3) or the public notice under the preceding paragraph.
When intending to exercise appraisal rights on share options in respect of share options for which share option certificates have been issued, the holder of those share options must submit to a disappearing stock company, etc. the share option certificates;provided, however, that this does not apply to a person who files a petition for public notice as prescribed in Article 114 of the Non-Contentious Cases Procedure Act with respect to those share option certificates.
When intending to exercise appraisal rights on share options in respect of share options attached to bonds with share options for which certificate representing the bond with share options have been issued, the holder of those share options must submit to the disappearing stock company, etc. the certificate representing the bond with share options;provided, however, that this does not apply to a person who files a petition for public notice as prescribed in Article 114 of the Non-Contentious Cases Procedure Act with respect to that certificate representing the bond with share options.
Share option holders exercising appraisal rights on share options may withdraw their demands for appraisal of the share options only with the approval of the disappearing stock company, etc.
The demands of the share option holders exercising appraisal rights on share options lose effect if the consolidation-type merger, etc. is cancelled.
The provisions of Article 260 do not apply to share options for exercise of appraisal rights on share options.