Supervisory regulations of meeting affairs staff of industrial and commercial groups Article 16

In case that meeting affairs staff are laid off due to dissolution, merger & acquisition, ungrouping, or staffing quota curtailment of the industrial and commercial groups, they shall receive severance pay equivalent to one and a half months’ salary times thenumber of years they have served the group.Meeting affairs staff with at least five year seniority, applying to resign from the group, shall receive a resignation pay equivalent to one and a half months’ salary times the number of years they have served the group, in accordance with the financial capacityof the group.In the above Paragraph, the service seniority portion short of one full year is calculated pro rata. The total amount of severance pay for a staff member, for dismissal or resignation, shall be capped at the total amount of twenty months’ salary.The severance pay, which shall be issued for service seniority accumulated after the application of the Labor Standards Act in accordance with Paragraph 1 and the preceding Paragraph, may include severance pay issued according to the Labor Pension Act.The resignation pay, which shall be issued for service seniority accumulated after the application of the Labor Standards Act in accordance with Paragraph 2 and 3, may include the amount paid to the employee's individual labor pension account of pension fundscontributed according to the Labor Pension Act.