Treatment of Fractional Shares Article 283 In cases where Share Options are exercised, if the number of the shares to be issued to the holders of such Share Options includes a fractional share, the Stock Company must, in accordance with the categories of the cases listed in the following items, deliver to the holders of such Share Options monies equivalent to the amount obtained by multiplying the amount provided for in each such item by such fractional share;provided, however, that this does not apply in cases where there are provisions with respect to the matters listed in Article 236, paragraph (1), item (ix):一 当該株式が市場価格のある株式である場合当該株式一株の市場価格として法務省令で定める方法により算定される額(i) in cases where such shares are shares with a market price:The amount calculated by the method prescribed by Ministry of Justice Order as the market price of one such share; and二 前号に掲げる場合以外の場合一株当たり純資産額(ii) in cases other than the cases listed in the preceding item:The amount of net assets per share.
