Regulations Governing Share Repurchase by Exchange-Listed and OTC-Listed Companies Article 10-1
To transfer shares to employees at less than the average actual share repurchase price, a company must have obtained the consent of at least two-thirds of the voting rights present at the most recent shareholders meeting attended by shareholders representing a majority of total issued shares, and must have listed the following matters in the notice of reasons for that shareholders meeting; it may not raise the matter by means of an extraordinary motion:1. The exercise price, the valuation percentage, the bases of calculations, and the reasonableness thereof.2. The number of shares to be transferred, the purpose, and the reasonableness thereof.3. Qualification requirements for employees subscribing to shares, and the number of shares they are allowed to subscribe for.4. Factors affecting shareholders' equity:A. The expensable amount, and dilution of the company's earnings per share.B. Explain what financial burden will be imposed on the company by transferring shares to employees at less than the average actual share repurchase price.For all successive instances where share transfers to employees as provided for in the preceding paragraph have been approved by shareholders meetings and the shares have been transferred, the cumulative number of shares thus transferred may not exceed 5 percent of the total issued shares of the company, and the cumulative number of shares thus subscribed by any single employee may not exceed 0.5 percent of the total issued shares of the company.Matters that a company is required by paragraph 1 to submit for a shareholders meeting resolution shall be set out in its articles of incorporation.
中文原文 上市上櫃公司買回本公司股份辦法第10-1條
公司以低於實際買回股份之平均價格轉讓予員工，應經最近一次股東會有代表已發行股份總數過半數股東之出席，出席股東表決權三分之二以上之同意，並應於該次股東會召集事由中列舉並說明下列事項，不得以臨時動議提出：
一、所定轉讓價格、折價比率、計算依據及合理性。
二、轉讓股數、目的及合理性。
三、認股員工之資格條件及得認購之股數。
四、對股東權益影響事項：
（一）可能費用化之金額及對公司每股盈餘稀釋情形。
（二）說明低於實際買回股份之平均價格轉讓予員工對公司造成之財務負擔。
經前項歷次股東會通過且已轉讓予員工之股數，累計不得超過公司已發行股份總數之百分之五，且單一認股員工其認購股數累計不得超過公司已發行股份總數之千分之五。
公司依第一項規定提請股東會決議之事項，應於章程中定之。
一、所定轉讓價格、折價比率、計算依據及合理性。
二、轉讓股數、目的及合理性。
三、認股員工之資格條件及得認購之股數。
四、對股東權益影響事項：
（一）可能費用化之金額及對公司每股盈餘稀釋情形。
（二）說明低於實際買回股份之平均價格轉讓予員工對公司造成之財務負擔。
經前項歷次股東會通過且已轉讓予員工之股數，累計不得超過公司已發行股份總數之百分之五，且單一認股員工其認購股數累計不得超過公司已發行股份總數之千分之五。
公司依第一項規定提請股東會決議之事項，應於章程中定之。