Strategic Event

Strategic Event. Means the consummation of a transaction, such as a sale or merger of the Company, that qualifies as a change in the ownership or effective control of a corporation, or in the ownership of a substantial portion of the assets of a corporation, under Section 409A (determined as if the Company and its subsidiaries were all corporations); provided, that a Strategic Event shall not include CGC directly or indirectly reducing its ownership of the Company by converting its equity interests in the... Company into shares of Wayne Farms, Inc. or by selling shares of Wayne Farms, Inc. in the public market, or if Wayne Farms, Inc. authorizes additional shares of its common stock to be made available for issuance to the public View More