Yes. It bolts to the top of the tranny extending rearward. The shift cable end clamps to it, allowing the shift cable to be held steady.
I knew the cable was bad but the condition of this hold bar was a complete surprise.
Would not have been good for that bar to fail under the stress of pushing real hard on the shift lever, probably at the worst time possible.
1/3rd of the entire bar had to be reinforced from rust. The visible part looked great. The hidden part(out of normal view) was rotten.
Your boat may or may not have this particular design.
The basic message is check all the parts of the shifter system when you have it apart to replace the cable.