GUC Board of Directors Resolves to Issue Employee Stock Option Certificates
GUC's Board of Directors has resolved to issue employee stock option certificates, totaling 200 units. Each unit allows the purchase of 1,000 shares, for a total of 200,000 new shares, aimed at encouraging long-term employee contributions and improving performance.
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- 📰 Published: May 8, 2026 at 09:00
- 🔍 Collected: May 9, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 9, 2026 at 09:26 (1h 26m after Collected)
1. Date of Board of Directors' resolution: 115/05/08
2. Issuance Period: Issued within two years from the date of official notification of effectiveness by the competent authority, and may be issued in one or multiple installments as needed. The actual issuance date is authorized to be determined by the Chairman.
3. Eligibility Requirements for Option Holders: The actual employees eligible for stock options and the number of shares they can subscribe to will be determined by the Chairman after considering factors such as qualifications, years of service, job rank, work performance, overall contribution, or special achievements, and then submitted to the Board of Directors for approval. If an option holder is a director or manager, the matter shall first be submitted to the Compensation Committee for approval. If an option holder is not a manager, the matter shall first be submitted to the Audit Committee for approval.
The criteria for determining the eligibility of option holders are as follows:
1. Managers as defined in the company's Articles of Incorporation, or
2. Job rank and work performance: Senior Specialist and Senior Engineer (inclusive) or above, whose latest annual performance appraisal score reaches B (Exceed Expectation), or
3. Those with outstanding performance in special projects, significant contributions to the company, or possessing special work skills, as reported by department heads, or
4. Annual outstanding employees.
4. Total Number of Employee Stock Option Certificates Issued: The total issue amount is 200 units. Each unit of stock option certificate can subscribe to 1,000 shares. The total number of new common shares to be issued due to the exercise of stock options is 200,000 shares, with a par value of NT$10 per share.
5. Number of Shares per Unit of Stock Option Certificate: 1,000 common shares.
6. Total Number of New Shares to be Issued Due to the Exercise of Stock Options or Number of Shares to be Repurchased According to Article 28-2 of the Securities and Exchange Act: The total number of new common shares to be issued is 200,000 shares.
7. Exercise Price: The exercise price shall not be lower than the closing price of the company's common shares on the issue date.
8. Exercise Period:
1. The duration of these stock option certificates is ten years. Option holders may exercise their options according to the following schedule and proportion after two years from the grant date. During this period, option holders may not transfer, pledge, donate to others, or dispose of their options in any other way, except in cases of inheritance.
Stock Option Grant Period | Cumulative Maximum Exercisable Proportion
Upon completion of 2 years | 50%
Every full month | An additional one forty-eighth *
Upon completion of 4 years | 100%
* Calculated down to 1 share.
2. After the company grants employee stock option certificates, if an option holder violates labor contracts, non-competition agreements, confidentiality obligations, or work rules due to malicious intent or gross negligence, the company has the right to reclaim and cancel unexercisable and unexercised exercisable stock option certificates.
9. Type of Shares to be Subscribed: Common shares of the company.
10. Handling of Employee Resignation or Inheritance:
1. Resignation (including voluntary resignation and dismissal):
Exercisable stock option certificates may be exercised within three months from the resignation date. However, if the situation described in Article 11, Paragraph 1 occurs, the exercise period may be postponed sequentially according to the duration specified therein. Unexercisable stock option certificates shall be deemed forfeited on the date of resignation.
2. Retirement:
Exercisable stock option certificates shall be exercised within three months from the retirement date. However, if non-competition or confidentiality obligations are violated, the company has the right to reclaim and cancel exercisable stock option certificates. If the situation described in Article 11, Paragraph 1 occurs, the exercise period may be postponed sequentially according to the duration specified therein. Unexercisable stock option certificates shall be deemed forfeited on the retirement date.
3. Ordinary Death:
Exercisable stock option certificates shall be exercised by the option holder's heirs within one year from the date of the option holder's death. Failure to exercise the rights within the aforementioned period shall be deemed forfeiture of the options. Unexercisable stock option certificates shall be deemed forfeited on the date of death.
4. Disability or Death Due to Occupational Hazard:
A. If an employee becomes physically disabled due to an occupational hazard and cannot continue employment, they may exercise all their stock option rights upon resignation. Except for the requirement that options can only be exercised two years after grant, these rights shall be exercised within three months from the resignation date, and within the duration of the stock option certificate.
B. If an employee dies due to an occupational hazard, their heirs may exercise all stock option rights upon death. Except for the requirement that options can only be exercised two years after grant, these rights shall be exercised within one year from the date of death, and within the duration of the stock option certificate.
5. Leave of Absence Without Pay:
Employees on leave of absence without pay due to government regulations, major personal illness, major family changes, or studying abroad, with special company approval, may exercise exercisable stock option certificates within three months from the start of the leave. However, if the situation described in Article 11, Paragraph 1 occurs, the exercise period may be postponed sequentially according to the duration specified therein. Unexercisable stock option certificates may be reinstated upon return to work, but the exercise period shall be postponed according to the leave of absence period, and within the duration of the stock option certificate.
6. Redundancy:
Exercisable stock option certificates may be exercised within three months from the effective date of redundancy. However, if the situation described in Article 11, Paragraph 1 occurs, the exercise period may be postponed sequentially according to the duration specified therein. Unexercisable stock option certificates shall be deemed forfeited from the effective date of redundancy, or may be determined by the Chairman or authorized personnel within the exercise schedule of Paragraph 2 of this Article.
2. Issuance Period: Issued within two years from the date of official notification of effectiveness by the competent authority, and may be issued in one or multiple installments as needed. The actual issuance date is authorized to be determined by the Chairman.
3. Eligibility Requirements for Option Holders: The actual employees eligible for stock options and the number of shares they can subscribe to will be determined by the Chairman after considering factors such as qualifications, years of service, job rank, work performance, overall contribution, or special achievements, and then submitted to the Board of Directors for approval. If an option holder is a director or manager, the matter shall first be submitted to the Compensation Committee for approval. If an option holder is not a manager, the matter shall first be submitted to the Audit Committee for approval.
The criteria for determining the eligibility of option holders are as follows:
1. Managers as defined in the company's Articles of Incorporation, or
2. Job rank and work performance: Senior Specialist and Senior Engineer (inclusive) or above, whose latest annual performance appraisal score reaches B (Exceed Expectation), or
3. Those with outstanding performance in special projects, significant contributions to the company, or possessing special work skills, as reported by department heads, or
4. Annual outstanding employees.
4. Total Number of Employee Stock Option Certificates Issued: The total issue amount is 200 units. Each unit of stock option certificate can subscribe to 1,000 shares. The total number of new common shares to be issued due to the exercise of stock options is 200,000 shares, with a par value of NT$10 per share.
5. Number of Shares per Unit of Stock Option Certificate: 1,000 common shares.
6. Total Number of New Shares to be Issued Due to the Exercise of Stock Options or Number of Shares to be Repurchased According to Article 28-2 of the Securities and Exchange Act: The total number of new common shares to be issued is 200,000 shares.
7. Exercise Price: The exercise price shall not be lower than the closing price of the company's common shares on the issue date.
8. Exercise Period:
1. The duration of these stock option certificates is ten years. Option holders may exercise their options according to the following schedule and proportion after two years from the grant date. During this period, option holders may not transfer, pledge, donate to others, or dispose of their options in any other way, except in cases of inheritance.
Stock Option Grant Period | Cumulative Maximum Exercisable Proportion
Upon completion of 2 years | 50%
Every full month | An additional one forty-eighth *
Upon completion of 4 years | 100%
* Calculated down to 1 share.
2. After the company grants employee stock option certificates, if an option holder violates labor contracts, non-competition agreements, confidentiality obligations, or work rules due to malicious intent or gross negligence, the company has the right to reclaim and cancel unexercisable and unexercised exercisable stock option certificates.
9. Type of Shares to be Subscribed: Common shares of the company.
10. Handling of Employee Resignation or Inheritance:
1. Resignation (including voluntary resignation and dismissal):
Exercisable stock option certificates may be exercised within three months from the resignation date. However, if the situation described in Article 11, Paragraph 1 occurs, the exercise period may be postponed sequentially according to the duration specified therein. Unexercisable stock option certificates shall be deemed forfeited on the date of resignation.
2. Retirement:
Exercisable stock option certificates shall be exercised within three months from the retirement date. However, if non-competition or confidentiality obligations are violated, the company has the right to reclaim and cancel exercisable stock option certificates. If the situation described in Article 11, Paragraph 1 occurs, the exercise period may be postponed sequentially according to the duration specified therein. Unexercisable stock option certificates shall be deemed forfeited on the retirement date.
3. Ordinary Death:
Exercisable stock option certificates shall be exercised by the option holder's heirs within one year from the date of the option holder's death. Failure to exercise the rights within the aforementioned period shall be deemed forfeiture of the options. Unexercisable stock option certificates shall be deemed forfeited on the date of death.
4. Disability or Death Due to Occupational Hazard:
A. If an employee becomes physically disabled due to an occupational hazard and cannot continue employment, they may exercise all their stock option rights upon resignation. Except for the requirement that options can only be exercised two years after grant, these rights shall be exercised within three months from the resignation date, and within the duration of the stock option certificate.
B. If an employee dies due to an occupational hazard, their heirs may exercise all stock option rights upon death. Except for the requirement that options can only be exercised two years after grant, these rights shall be exercised within one year from the date of death, and within the duration of the stock option certificate.
5. Leave of Absence Without Pay:
Employees on leave of absence without pay due to government regulations, major personal illness, major family changes, or studying abroad, with special company approval, may exercise exercisable stock option certificates within three months from the start of the leave. However, if the situation described in Article 11, Paragraph 1 occurs, the exercise period may be postponed sequentially according to the duration specified therein. Unexercisable stock option certificates may be reinstated upon return to work, but the exercise period shall be postponed according to the leave of absence period, and within the duration of the stock option certificate.
6. Redundancy:
Exercisable stock option certificates may be exercised within three months from the effective date of redundancy. However, if the situation described in Article 11, Paragraph 1 occurs, the exercise period may be postponed sequentially according to the duration specified therein. Unexercisable stock option certificates shall be deemed forfeited from the effective date of redundancy, or may be determined by the Chairman or authorized personnel within the exercise schedule of Paragraph 2 of this Article.