It is easy to evaluate unfairly on performance of companies with stock-based rewards in Taiwan, so we use Incentive-Intensity and Mix to evaluate relationship between companies and stock-based rewards. Results documents that employees of 534 companies issuing on TSE and OTC can get NT$ 17.1834 per NT$ 1,000 change in market value of equity over 2002-04 period, and the average ratio of profit sharing and stock ownership rewards to cash compensation is 0.6594. We suggest that the more stocks companies grant, the better performance companies have, especially for electronics industry. The ratio of stock-based rewards to total compensation of employees of companies issuing on TSE is higher than employees of companies issuing on OTC.