If a stock company issues share options, the features of the share options must consist of the following matters:
株式会社が新株予約権を発行するときは、次に掲げる事項を当該新株予約権の内容としなければならない。
the number of the shares underlying the share options (or, for a company with class shares, the classes of the shares and the number of shares for each class), or the method for calculating that number;
the value of the property to be contributed when relevant share options are exercised or the method for calculating that value;
当該新株予約権の行使に際して出資される財産の価額又はその算定方法
if property other than monies will be the subject of the contribution when share options are exercised, a statement to that effect and the description and value of that property;
金銭以外の財産を当該新株予約権の行使に際してする出資の目的とするときは、その旨並びに当該財産の内容及び価額
the period during which relevant share options can be exercised;
当該新株予約権を行使することができる期間
matters regarding the capital and capital reserves that will be increased if shares will be issued as a result of the exercise of relevant share options;
当該新株予約権の行使により株式を発行する場合における増加する資本金及び資本準備金に関する事項
if it is arranged that the approval of relevant stock company will be required for the acquisition of relevant share options by transfer, a statement to that effect;
譲渡による当該新株予約権の取得について当該株式会社の承認を要することとするときは、その旨
if it is arranged that relevant stock company may acquire relevant share options on condition of certain grounds arising, the following matters:
当該新株予約権について、当該株式会社が一定の事由が生じたことを条件としてこれを取得することができることとするときは、次に掲げる事項
a statement that relevant stock company may acquire its share options on the day when certain grounds arise, and of those grounds;
一定の事由が生じた日に当該株式会社がその新株予約権を取得する旨及びその事由
if it is arranged that the grounds referred to in (a) will arise as at the arrival of a day to be separately prescribed by relevant stock company, a statement of the arrangement;
当該株式会社が別に定める日が到来することをもってイの事由とするときは、その旨
if it is arranged that a portion of the share options referred to in (a) may be acquired on the day the grounds referred to in (a) arise, a statement of relevant arrangement and of the method for determining the portion of the share options to be acquired;
イの事由が生じた日にイの新株予約権の一部を取得することとするときは、その旨及び取得する新株予約権の一部の決定の方法
if shares in relevant stock company are delivered to the holders of relevant share options in exchange for the acquisition of the share options referred to in (a), the number of relevant shares (or, for a company with class shares, the classes of the shares and the number of shares for each class), or the method for calculating that number;
if bonds of relevant stock company (other than those on bonds with share option) are delivered to the holders of relevant share options in exchange for the acquisition of the share options referred to in (a), the description of the classes of relevant bonds and the total amount for each class of bonds, or the method for calculating that total amount;
if other share options of relevant stock company (other than those attached to bonds with share option) are delivered to the holders of relevant share options in exchange for the acquisition of the share options referred to in (a), the feature and number of relevant other share options, or the method for calculating that number;
if bonds with share option of relevant stock company are delivered to the holders of relevant share options in exchange for the acquisition of the share options referred to in (a), the matters prescribed in (e) for relevant bonds with share option, and the matters prescribed in (f) for the share options attached to relevant bonds with share option;
if property other than share options, etc. of relevant stock company is delivered to the holders of relevant share options in exchange for the acquisition of the share options referred to in (a), a description of the features and number or amount of relevant property, or the method for calculating that number or amount;
if it is arranged that if relevant stock company carries out acts set forth in (a) through (e) below, the share options of the stock company provided for in (a) through (e) is to be delivered to the holders of relevant share options, a statement to that effect and of the conditions of the same:
当該株式会社が次のイからホまでに掲げる行為をする場合において、当該新株予約権の新株予約権者に当該イからホまでに定める株式会社の新株予約権を交付することとするときは、その旨及びその条件
merger (but only if the stock company disappears in the merger):the stock company that survives the merger or the stock company incorporated as a result of the merger;
合併（合併により当該株式会社が消滅する場合に限る。） 合併後存続する株式会社又は合併により設立する株式会社
absorption-type company split:the stock company which succeeds, in whole or in part, to any rights and obligations that a stock company effecting an absorption-type company split holds in connection with its business;
吸収分割 吸収分割をする株式会社がその事業に関して有する権利義務の全部又は一部を承継する株式会社
incorporation-type company split:the stock company that is incorporated in the incorporation-type company split;
新設分割 新設分割により設立する株式会社
share exchange:the stock company that acquires all of the issued shares of the stock company effecting the share exchange;
share transfer:the stock company incorporated as a result of the share transfer;
株式移転 株式移転により設立する株式会社
if the number of the shares to be issued to a share option holder that has exercised a share option includes a fractional share, and the fractional share is to be rounded off, a statement to that effect;
新株予約権を行使した新株予約権者に交付する株式の数に一株に満たない端数がある場合において、これを切り捨てるものとするときは、その旨
if it is arranged to issue share option certificates representing relevant share options (excluding those attached to bonds with share option), a statement to that effect;
in the cases provided for in the preceding item, if the share option holders cannot make, in whole or in part, the demand under the provisions of Article 290, a statement to that effect.
The number of the share options attached to bonds with share option must be uniform for each monetary amount for the bonds with respect to relevant bonds with share option.
When a stock company that has issued shares that are set forth on a financial instruments exchange provided for in Article 2, paragraph (16) of the Financial Instruments and Exchange Act issues share options in accordance with the provisions on the matters set forth in Article 361, paragraph (1), item (iv) or item (v),(b) pursuant to its articles of incorporation or a resolution of the shareholders meeting, the matters set forth in paragraph (1), item (ii) need not be included in the features of the share options. In these cases, the stock company must include the following matters in the features of the share options:
金融商品取引法第二条第十六項に規定する金融商品取引所に上場されている株式を発行している株式会社は、定款又は株主総会の決議による第三百六十一条第一項第四号又は第五号ロに掲げる事項についての定めに従い新株予約権を発行するときは、第一項第二号に掲げる事項を当該新株予約権の内容とすることを要しない。この場合において、当該株式会社は、次に掲げる事項を当該新株予約権の内容としなければならない。
that the issuance of the share options is intended as remuneration of directors or in exchange for payments made with remuneration of directors and that payment of monies or delivery of property provided in paragraph (1), item (iii) upon exercise of these share options is not required; and
that a person other than a director (including a person who was a director) is subject of provisions regarding the matters set forth in Article 361, paragraph (1), item (iv) or item (v), (b) pursuant to the articles of incorporation or a resolution of a shareholders meeting may not exercise these share options.
定款又は株主総会の決議による第三百六十一条第一項第四号又は第五号ロに掲げる事項についての定めに係る取締役（取締役であった者を含む。）以外の者は、当該新株予約権を行使することができない旨
For the purpose of application of the provisions of the preceding paragraph by a company with nominating committee, etc., the phrase "the provisions regarding the matters set forth in Article 361, paragraph (1), item (iv) or item (v), (b) pursuant to its articles of incorporation or a resolution of the shareholders meeting" in that paragraph is deemed to be replaced with "decision on the matters provided for in Article 409, paragraph (3), item (iv) or item (v), (b) by the remuneration committee," and the term "director" in item (i) of that paragraph is deemed to be replaced with "executive officer or director, the phrase" and director" in item (ii) of that paragraph is deemed to be replaced with "executive officer or director."
指名委員会等設置会社における前項の規定の適用については、同項中「定款又は株主総会の決議による第三百六十一条第一項第四号又は第五号ロに掲げる事項についての定め」とあるのは「報酬委員会による第四百九条第三項第四号又は第五号ロに定める事項についての決定」と、同項第一号中「取締役」とあるのは「執行役若しくは取締役」と、同項第二号中「取締役」とあるのは「執行役又は取締役」とする。
Read this with the articles around it
(Features of Share Option)
if it is arranged to issue share option certificates representing relevant share options (excluding those attached to bonds with share option), a statement to that effect;
当該新株予約権（新株予約権付社債に付されたものを除く。）に係る新株予約権証券を発行することとするときは、その旨
Open this provision(Features of Share Option)
the value of the property to be contributed when relevant share options are exercised or the method for calculating that value;
当該新株予約権の行使に際して出資される財産の価額又はその算定方法
Open this provision(Features of Share Option)
if property other than monies will be the subject of the contribution when share options are exercised, a statement to that effect and the description and value of that property;
金銭以外の財産を当該新株予約権の行使に際してする出資の目的とするときは、その旨並びに当該財産の内容及び価額
Open this provision(Features of Share Option)
When a stock company that has issued shares that are set forth on a financial instruments exchange provided for in Article 2, paragraph (16) of the Financial Instruments and Exchange Act issues share…
金融商品取引法第二条第十六項に規定する金融商品取引所に上場されている株式を発行している株式会社は、定款又は株主総会の決議による第三百六十一条第一項第四号又は第五号ロに掲げる事項についての定めに従い新株予約権を発行するときは、第一項第二号に掲げる事項を当該新株予約権の内容とすることを要しない。
Open this provision(Features of Share Option)
that the issuance of the share options is intended as remuneration of directors or in exchange for payments made with remuneration of directors and that payment of monies or delivery of property…
取締役の報酬等として又は取締役の報酬等をもってする払込みと引換えに当該新株予約権を発行するものであり、当該新株予約権の行使に際してする金銭の払込み又は第一項第三号の財産の給付を要しない旨
Open this provision(Features of Share Option)
that a person other than a director (including a person who was a director) is subject of provisions regarding the matters set forth in Article 361, paragraph (1), item (iv) or item (v)…
定款又は株主総会の決議による第三百六十一条第一項第四号又は第五号ロに掲げる事項についての定めに係る取締役（取締役であった者を含む。）以外の者は、当該新株予約権を行使することができない旨
Open this provision(Conversion between Registered Share Options and Bearer Share Options)
Holders of share options for which certificates are issued may demand at any time that the stock company convert their registered share option certificates into bearer share option certificates…
証券発行新株予約権の新株予約権者は、第二百三十六条第一項第十一号に掲げる事項についての定めによりすることができないこととされている場合を除き、いつでも、その記名式の新株予約権証券を無記名式とし、又はその無記名式の新株予約権証券を記名式とすることを請求することができる。
Open this provision(Remuneration for Directors)
for remunerations that are share options for subscription (meaning share options for subscription provided in Article 238, paragraph (1); hereinafter the same applies in this paragraph and Article…
報酬等のうち当該株式会社の募集新株予約権（第二百三十八条第一項に規定する募集新株予約権をいう。以下この項及び第四百九条第三項において同じ。）については、当該募集新株予約権の数の上限その他法務省令で定める事項
Open this provision(Remuneration for Directors)
for remunerations that are monies allotted to payments in exchange for what is set forth in (a) or (b) below, the matters specified in the relevant (a) or (b):
報酬等のうち次のイ又はロに掲げるものと引換えにする払込みに充てるための金銭については、当該イ又はロに定める事項
Open this provision(Methods for Decisions on Remuneration by Remuneration Committee)
remunerations that are share options for subscription of the stock company: the number of the share options for subscription and other matters prescribed by Ministry of Justice Order;
当該株式会社の募集新株予約権 当該募集新株予約権の数その他法務省令で定める事項
Open this provision(Methods for Decisions on Remuneration by Remuneration Committee)
remunerations that are monies allotted to payments in exchange for what is set forth in (a) or (b) below: the matters specified in the relevant (a) or (b):
次のイ又はロに掲げるものと引換えにする払込みに充てるための金銭 当該イ又はロに定める事項
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
company with class shares
「種類株式発行会社」
A stock company that issues two or more classes of shares with different terms on the matters listed in Article 108, paragraph (1), such as dividends of surplus or voting rights.
Defined inArticle 2, paragraph (1), item (xiii)· 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
bonds with share options
「新株予約権付社債」
A bond with share options attached to it.
Defined inArticle 2, paragraph (1), item (xxii)· applies throughout the law
bond
「社債」
A money claim against a company, arising from an allotment the company makes under this Act, that is to be repaid according to the terms set under Article 676.
Defined inArticle 2, paragraph (1), item (xxiii)· applies throughout the law
absorption-type company split
「吸収分割」
A stock company or limited liability company's handing over all or part of the rights and obligations of its business to another existing company, which takes them over.
Defined inArticle 2, paragraph (1), item (xxix)· applies throughout the law
incorporation-type company split
「新設分割」
One or more stock companies or limited liability companies handing over all or part of the rights and obligations of their business to a new company formed by the split.
Defined inArticle 2, paragraph (1), item (xxx)· applies throughout the law
share exchange
「株式交換」
A stock company's having all of its issued shares acquired by another existing stock company or limited liability company, which becomes its sole owner.
Defined inArticle 2, paragraph (1), item (xxxi)· applies throughout the law
issued shares
「発行済株式」
The shares a stock company has issued.
Defined inArticle 2, paragraph (1), item (xxxi)
share transfer
「株式移転」
One or more stock companies having all of their issued shares acquired by a newly formed stock company, which becomes their sole owner.
Defined inArticle 2, paragraph (1), item (xxxii)· applies throughout the law
shares, etc.machine translation
「株式等」
A stock company's shares, bonds and share options taken together.
Defined inArticle 107, paragraph (2), item (ii), (e)
remuneration of directorsmachine translation
「取締役の報酬等」
In Article 202-2, paragraph (1), item (i) and Article 236, paragraph (3), item (i), the remuneration, bonuses and other financial benefits a director receives from the stock company in return for performing their duties, as Article 361, paragraph (1) defines them.
Defined inArticle 202-2, paragraph (1), item (i)· applies only in this provision and in Article 236, paragraph (3), item (i)
articles of incorporation
定款
A company's own basic rules, written by its founders when it is formed: at least its purpose, its trade name, where its head office is, the value of the property contributed at incorporation and who the founders are (Companies Act, Article 27). A stock company's must be certified by a notary before it takes effect (Article 30, paragraph (1)), and can later be changed by a resolution of the shareholders meeting (Article 466). Many rules in the Act apply "unless the articles of incorporation provide otherwise", so a company's articles decide a great deal of how the Act applies to it.
Written by AI using Companies Act, Arts. 26, 27, 30, 466, 575 as a reference.
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.
shareholders meeting
株主総会
The meeting of a stock company's shareholders, and the body through which they decide the company's basic matters. It elects the directors and company auditors (Companies Act, Article 329, paragraph (1)) and changes the articles of incorporation (Article 466). In a company without a board of directors it may decide any matter about the company; in one with a board, only what the Act or the articles of incorporation leave to it (Article 295). An annual shareholders meeting must be called after the end of every business year, and another may be called whenever needed (Article 296). A resolution normally passes by a majority of the votes present, with holders of a majority of the votes entitled to vote attending (Article 309, paragraph (1)).
Written by AI using Companies Act, Arts. 295, 296, 309, 329, 466 as a reference.