Management by Objective definition

Management by Objective or "MBO" means that metric used at the Subsidiary level to measure an individual Participant's performance as it relates to the Annual Incentive Plan. It may be expected that the MBO definition may vary from one subsidiary to the next, and be weighted in varying percentages from Participant to Participant.
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Examples of Management by Objective in a sentence

  • The renewal agreement introduced amendments with regard to both items of fixed remuneration (called “Trattamento minimo complessivo di garanzia”, “TMCG”) and items of variable remuneration (in particular, through Management by Objective systems, “MBO”) of executives, as well as with regard to travel and missions (raising the related fixed amount due to EUR 100).

  • The parties have initially agreed that the Target Bonus shall be comprised of a revenue target component, which will provide up to fifteen percent (15%) of the Target Bonus and other Management by Objective components that make up the remaining twenty percent (20%).

  • The Company currently maintains a Management by Objective Bonus Program (the "MBO Program").

  • At the sole discretion of the Board of Directors of FCI an additional bonus may be paid to the Executive of up to 12.5% of the Base Salary based upon the Executive's performance with respect to FGI's "Management by Objective" program (the "Discretionary Bonus").

  • Targeted and Management by Objective ("MBO") Bonuses - Employee shall receive an annual MBO target cash bonus opportunity in an amount not less than 75% of annual salary each calendar year during the term of this Agreement.

  • Employee’s bonus shall be based on the financial performance goals and Management by Objective (MBO) goals set for Employee and Company by the Compensation Committee of the Board of Directors of the Company each year, which goals shall be dated and signed each year by both Employee and Company and attached hereto and made a part hereof as Schedule A.

  • Additionally, you will remain eligible for the 2007 Management by Objective bonus payment.

  • Our performance evaluation process closely follows the industry accepted Management by Objective (MBO) process.

  • If you are employed through the last day of the calendar year, you will be eligible for an annual Management by Objective (“MBO”) bonus of up to $83,333.

  • Employee’s 2006 Bonus shall be based on the financial performance goals and Management by Objective (MBO) goals set for Employee and Company by the Compensation Committee of the Board of Directors of the Company, which goals shall be dated and signed by both Employee and the Company and attached hereto and made a part hereof as Schedule A.

Related to Management by Objective

  • Management Objectives means the measurable performance objective or objectives established pursuant to this Plan for Participants who have received grants of Performance Shares or Performance Units or, when so determined by the Board, Option Rights, Appreciation Rights, Restricted Shares and dividend credits pursuant to this Plan. Management Objectives may be described in terms of Company-wide objectives or objectives that are related to the performance of the individual Participant or of the Subsidiary, division, department, region or function within the Company or Subsidiary in which the Participant is employed. The Management Objectives may be made relative to the performance of other corporations. The Management Objectives applicable to any award to a Covered Employee shall be based on specified levels of or growth in one or more of the following criteria:

  • Performance Objective means a standard established by the Committee to determine in whole or in part whether a Performance Award shall be earned.

  • Plan Objective means the objective of securing the return described in the brochure to which these Terms and Conditions are attached.

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Student growth objective means an academic goal that teachers and designated supervisors set for groups of students.