The Board Meeting (3)
Qu Fei walked over and pointed towards the screen, "If you look here, it writes, 'Therefore, the 16 percent of shares will be under Mr. Bai Jiawei until Miss He Xinyan reaches the age of 23 years old, or until Mr. Bai Jiawei is ready to retire.' The word 'or' in here is very important."
The screen moved onto the next slide and it showed the legal definition of the word "or".
"The word 'or' is the term for the concept either-or, meaning that as long as one condition is met, the term will be effective. In this case, one out of the two terms is met. Miss He Xinyan turned 23 months ago, meaning that she has met one of the conditions."
Qu Fei looked towards Bai Jiawei, "Although Mr. Bai Jiawei isn't at the age of retirement, it doesn't matter now since Miss He Xinyan has met the first requirement. Since Miss He Xinyan is asking for her company shares now, legally, Mr. Bai Jiawei has to transfer her shares back to her."