Target MBO definition
Target MBO means the minimum value other than zero attributable to the Chief Executive Officer as MBO in the relevant year.
Examples of Target MBO in a sentence
If Sales for Earnout Period 3 exceed 45, then the Third Earnout Payment would include an amount equal to (i) the number of Sales for Earnout Period 2 divided by 55 times (ii) the Target for this MBO, but in no case shall the applicable Earnout Payment exceed 150% of the Target MBO.