Enforcement Rule of the Privatization of Government-Owned Enterprises Act Article 16

The term "settlement" as referred to in paragraphs 3, 7 and 8 of Article 8 of the Act shall mean to settle and clear the service seniority and to make applicable payment. After the employees' accounts have been settled, their seniority of service shall start anew.
中文原文 公營事業移轉民營條例施行細則第16條
本條例第八條第三項、第七項及第八項所稱結算,指結清年資,辦理給付。
辦理結算後之從業人員,其年資重新起算。

English translation for reference only; the Chinese text prevails. Not legal advice.