Look at the javascript decleration as Gh0sT said:
function WebForm_PostBackOptions(eventTarget, eventArgument, validation, validationGroup, actionUrl, trackFocus, clientSubmit)
Then look at the documentation for the server side PostBackOptions class you can get a clue what the parameters are: http://msdn.microsoft.com/en-us/library/system.web.ui.postbackoptions_members(v=VS.90).aspx
For most of the validation logic in asp.net the client side class try to mimic the server side.