MBO Plan definition

MBO Plan means a "Management By Objectives Plan," as be may established by the Board or the Committee from time to time, pursuant to which MBO Payments are made from time to time in the manner and under the conditions established by the Board or the Committee.
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MBO Plan means the Management by Objective Plan of the Company.
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Examples of MBO Plan in a sentence

  • Any Performance Bonus which Employee may have otherwise earned under the MBO Plan for the quarter in which such termination shall occur, shall be canceled and shall not be payable to Employee.

  • The Executive's level of participation in the MBO Plan may be increased (but not decreased) from time to time as determined by the Board or its Compensation Committee in its absolute discretion.

  • Effective on the Distribution Date, Active Employees shall cease their participation in the ESS MBO Plan; provided, however an Active Employee shall be entitled to any payment earned by such Active Employee under either plan as of the Distribution Date.

  • All terms and conditions regarding Employee's entitlement to the Performance Bonus shall be governed by the MBO Plan as it shall, from time to time, be amended by Employer.

  • Your level of participation in the MBO Plan may be increased (but not decreased) by the Board of Directors of Glenayre from time to time.

  • For purposes of the Ionis MBO Plan 220 days constitutes full-time employment.

  • The Executive shall participate at a 75% level in the Glenayre Management by Objectives Bonus Plan, as in effect from time to time (the MBO Plan").

  • Parent shall have paid all bonuses payable to the Continuing Employees in respect of fiscal 2005 under the terms of Parent’s Annual Incentive Compensation Plan and Senior Executive MBO Plan on or prior to Closing.

  • The Executive shall participate at a 70% level in the Glenayre Management by Objectives Bonus Plan, as in effect from time to time (the "MBO Plan").

  • Employee shall be entitled to a performance bonus of up to $100,000.00 per year, to be paid in equal quarterly installments (the "Performance Bonus") based upon Employee's achievement of certain goals, pursuant to the "Management By Objective" Plan (the "MBO Plan") of Employer as may be in effect from time to time.