株式会社は、申込者の中から募集新株予約権の割当てを受ける者を定め、かつ、その者に割り当てる募集新株予約権の数を定めなければならない。この場合において、株式会社は、当該申込者に割り当てる募集新株予約権の数を、前条第二項第二号の数よりも減少することができる。
A stock company must specify the persons from among the applicants the persons to whom share options for subscription will be allotted, and determine the number of share options for subscription to be allotted to those persons. In these cases, the stock company may reduce the number of share options for subscription the stock company allots to these applicants below the number under paragraph (2), item (ii) of the preceding Article.
In the following cases, the determination under the provisions of the preceding paragraph 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:
if some or all of the shares underlying the share options for subscription are shares with restriction on transfer; or
if the share options for subscription are share options with restriction on transfer (meaning share options for which it is provided that the acquisition of relevant share options by transfer requires the approval of the stock company; hereinafter the same applies in this Chapter).
株式会社は、割当日の前日までに、申込者に対し、当該申込者に割り当てる募集新株予約権の数（当該募集新株予約権が新株予約権付社債に付されたものである場合にあっては、当該新株予約権付社債についての社債の種類及び各社債の金額の合計額を含む。）を通知しなければならない。
The stock company must notify the applicants, no later than the day immediately preceding the day of allotment, of the number of the share options for subscription that will be allotted to relevant applicants (if relevant share options for subscription are attached to bonds with share option, including a description of the classes of bonds with respect to relevant bonds with share option and the total amount of money for each class of bonds).
第二百四十一条の規定により株主に新株予約権の割当てを受ける権利を与えた場合において、株主が同条第一項第二号の期日までに前条第二項の申込みをしないときは、当該株主は、募集新株予約権の割当てを受ける権利を失う。
If the stock company has granted entitlement to the allotment of share options pursuant to the provisions of Article 241 to its shareholders, if the shareholders do not submit, no later than the date under paragraph (1), item (ii) of that Article, applications under paragraph (2) of the preceding Article, relevant shareholders will lose the entitlement to the allotment of share options for subscription.