Regulations Governing the Offering and Issuance of Securities by Securities Issuers Article 56
An issuer reporting issuance of employee stock warrants shall obtain approval by the majority votes in a meeting of the board of directors at which two-thirds or more directors are present. The following matters shall be provided in the terms and conditions regarding the issue and exercise of stock warrants:1. Issue period.2. Qualifications and conditions for eligible employees for stock warrants and distribution review and approval procedures.3. Number of total issued units of the employee stock warrants, number of shares each unit represents, total number of new shares to be issued in connection with exercise of stock warrants, or the number of shares for shares buy-back as required per Article 28-2 of the Act.4. Criteria for setting the terms and conditions for exercising stock warrants (including exercise price, exercise period, class of shares with which to exercise stock warrants, measures to be taken in the event of inheritance/employee resignation, etc.).5. Method of performance upon exercise of the warrants: by either issuance of new shares or delivery of already issued shares by an exchange-listed or OTC-listed company. However, for emerging stocks or stocks that are neither listed on an exchange nor traded in the business places of securities firms, performance upon exercise shall be by issuance of new shares.6. Adjustment of exercise price.7. Upon capitalization of retained earnings or capitalization of capital reserves, additional employee stock warrants may be issued or the number of shares exercisable may be adjusted; however, this shall apply only where the articles of incorporation at the time of subscription expressly provide that there is a sufficient number of shares to be made available for subscription.8. Procedure for exercising stock warrants.9. Rights and obligations after exercising stock warrants.10. Other important stipulations.The issue period as referred to in subparagraph 1 of the preceding paragraph shall be not more than 2 year starting from the date of receipt of the notice of effective registration. In case where there are remaining units to be issued after the issue period expires, the issuer shall submit a new registration filing.The qualifications and conditions for eligible employees under paragraph 1, subparagraph 2 shall include at least such matters as individual performance and results; the distribution review and approval procedures shall include at least submission to and approval by the remuneration committee or audit committee, followed by submission to and approval by the board of directors.Any change in any subparagraph of paragraph 1 shall be made only after being approved by the majority votes in a meeting of the board of directors at which two-thirds or more of the directors are present.In case of any change in any subparagraph under paragraph 1, the issuer shall submit as supplementary documents the minutes of the meeting of the board of directors as well as relevant materials after the amendment, and paragraph 2 of Article 12 shall apply mutatis mutandis.
中文原文 發行人募集與發行有價證券處理準則第56條
發行人申報發行員工認股權憑證，應經董事會三分之二以上董事出席及出席董事超過二分之一之同意，並於發行及認股辦法中訂定下列有關事項：
一、發行期間。
二、認股權人資格條件及發放審核程序。
三、員工認股權憑證之發行單位總數、每單位認股權憑證得認購之股數及因認股權行使而須發行之新股總數或依本法第二十八條之二規定須買回之股數。
四、認股條件（含認股價格、權利期間、認購股份之種類及員工離職或發生繼承時之處理方式等）之決定方式。
五、履約方式；上市或上櫃公司應以發行新股或交付已發行股份擇一為之。
但興櫃股票、未上市或未於證券商營業處所買賣之公司，應以發行新股為之。
六、認股價格之調整。
七、盈餘轉增資及資本公積轉增資時，得增發員工認股權憑證或調整認股股數。
但以認股時公司章程載明有足以供認購股份數額者為限。
八、行使認股權之程式。
九、認股後之權利義務。
十、其他重要約定事項。
前項第一款所稱發行期間，自申報生效通知到達之日起不得超過二年。
超過發行期間，其未發行之餘額仍須發行時，應重行申報。
第一項第二款認股權人資格條件，至少應包括個人表現及績效等事項；發放審核程序至少應包括提報薪資報酬委員會或審計委員會同意，再提報董事會同意。
第一項各款事項之變更，應經董事會三分之二以上董事出席及出席董事超過二分之一之同意。
第一項各款事項有變更時，發行人應即檢具董事會議事錄及修正後相關資料，列為補正書件，並準用第十二條第二項規定。
一、發行期間。
二、認股權人資格條件及發放審核程序。
三、員工認股權憑證之發行單位總數、每單位認股權憑證得認購之股數及因認股權行使而須發行之新股總數或依本法第二十八條之二規定須買回之股數。
四、認股條件（含認股價格、權利期間、認購股份之種類及員工離職或發生繼承時之處理方式等）之決定方式。
五、履約方式；上市或上櫃公司應以發行新股或交付已發行股份擇一為之。
但興櫃股票、未上市或未於證券商營業處所買賣之公司，應以發行新股為之。
六、認股價格之調整。
七、盈餘轉增資及資本公積轉增資時，得增發員工認股權憑證或調整認股股數。
但以認股時公司章程載明有足以供認購股份數額者為限。
八、行使認股權之程式。
九、認股後之權利義務。
十、其他重要約定事項。
前項第一款所稱發行期間，自申報生效通知到達之日起不得超過二年。
超過發行期間，其未發行之餘額仍須發行時，應重行申報。
第一項第二款認股權人資格條件，至少應包括個人表現及績效等事項；發放審核程序至少應包括提報薪資報酬委員會或審計委員會同意，再提報董事會同意。
第一項各款事項之變更，應經董事會三分之二以上董事出席及出席董事超過二分之一之同意。
第一項各款事項有變更時，發行人應即檢具董事會議事錄及修正後相關資料，列為補正書件，並準用第十二條第二項規定。