株式会社が、役員等に対して次に掲げる費用等の全部又は一部を当該株式会社が補償することを約する契約（以下この条において「補償契約」という。）の内容の決定をするには、株主総会（取締役会設置会社にあっては、取締役会）の決議によらなければならない。
When a stock company makes a decision on the content of an agreement (hereinafter referred to in this Article as an "indemnity agreement") in which the stock company promises to indemnify officers, etc. for all or part of the expenses set forth below, a resolution at the shareholders meeting (or at the board of directors meeting for a company with board of directors) must be adopted.
当該役員等が、その職務の執行に関し、法令の規定に違反したことが疑われ、又は責任の追及に係る請求を受けたことに対処するために支出する費用
expenses disbursed by the officers, etc. to address alleged violations of the provisions of laws and regulations concerning the execution of duties or requests received in relation to pursuing liability;
当該役員等が、その職務の執行に関し、第三者に生じた損害を賠償する責任を負う場合における次に掲げる損失
the losses set forth below when an officers, etc. is liable to pay compensation for damage caused to a third party in relation to the execution of duties:
当該損害を当該役員等が賠償することにより生ずる損失
losses arising as a result of paying compensation for the damage by the relevant officers, etc.; or
当該損害の賠償に関する紛争について当事者間に和解が成立したときは、当該役員等が当該和解に基づく金銭を支払うことにより生ずる損失
if a settlement is reached between the parties in relation to a dispute concerning compensation for damage, losses arising as a result of paying monies pursuant to the settlement by the relevant officers, etc.
株式会社は、補償契約を締結している場合であっても、当該補償契約に基づき、次に掲げる費用等を補償することができない。
Even if a stock company has executed an indemnity agreement, the stock company may not indemnify the expenses, etc. set forth below pursuant to the indemnity agreement:
前項第一号に掲げる費用のうち通常要する費用の額を超える部分
the portion in excess of the amount of expenses that are ordinarily necessary as the expenses set forth in item (i) of the preceding paragraph;
当該株式会社が前項第二号の損害を賠償するとすれば当該役員等が当該株式会社に対して第四百二十三条第一項の責任を負う場合には、同号に掲げる損失のうち当該責任に係る部分
if the officers, etc. for which the stock company seeks to pay indemnification for the damages referred to in item (ii) of the preceding paragraph are liable to the stock company under Article 423, paragraph (1), the portion relating to relevant liability of the expenses set forth in that item; and
if the officers, etc. acted in bad faith or with gross negligence in relation to the performance of their duties and bear liability under item (ii) of the preceding paragraph, all of that the losses set forth in that item.
補償契約に基づき第一項第一号に掲げる費用を補償した株式会社が、当該役員等が自己若しくは第三者の不正な利益を図り、又は当該株式会社に損害を加える目的で同号の職務を執行したことを知ったときは、当該役員等に対し、補償した金額に相当する金銭を返還することを請求することができる。
If a stock company that paid indemnification for the expenses set forth in paragraph (1), item (i) pursuant to an indemnity agreement learns that the relevant officers, etc. sought unlawful gain for the officers or a third party or performed the duties set forth in that item with the intent of causing harm to the stock company, the stock company may make a demand to the relevant officers, etc. for return of monies corresponding to the entire amount of the indemnification.
In a company with board of directors, a director who paid indemnification or received indemnification pursuant to an indemnity agreement will report to the board of directors, without delay, any important facts regarding the indemnification.
The preceding paragraph applies mutatis mutandis to executive officers. In the case, the phrase "in a company with board of directors, a," in that paragraph is deemed to be replaced with "A."
第三百五十六条第一項及び第三百六十五条第二項（これらの規定を第四百十九条第二項において準用する場合を含む。）、第四百二十三条第三項並びに第四百二十八条第一項の規定は、株式会社と取締役又は執行役との間の補償契約については、適用しない。
The provisions of Article 356, paragraph (1), Article 365-2, paragraph (2) (including when these provisions are applied mutatis mutandis pursuant to Article 419, paragraph (2)), Article 423, paragraph (3), and Article 428, paragraph (1) do not apply with respect to indemnity agreements between stock companies and directors or executive officers.
The provisions of Article 108 of the Civil Code do not apply with respect to the execution of indemnity agreements set forth in the preceding paragraph whose content is specified by a resolution set forth in paragraph (1).