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.