Hi Bill,
You could create a tool that you want to use for cutting it out and then use an outline with the cut depth set to the bottom of the project, so that it cuts all the way down. If you think that your tool shouldn't be cutting through too much material you could do it incrementally with a lesser cut depth, just make sure your max depth is large enough to reach the bottom of your material.
So, if you have a .125" end mill, for instance, you could create an outline operation that has the cutoff level set really low to where the outline is delineated (where the background color is separate from the rest of the logo) and then set a negative step size offset that's the radius of the tool, so .0625, so that it follows the outside of the logo on the darker side of the division around the cut off level. A positive step offset will shift the toolpath into the lighter area by the specified distance.