This excerpt taken from the LLTC DEF 14A filed Sep 23, 2009.
Administration, Amendment and Termination
The Committee administers the Bonus Plan. Members of the Committee must qualify as outside directors under Section 162(m). Subject to the terms of the Bonus Plan, the Committee has sole discretion to:
The Board or the Committee may amend or terminate the Bonus Plan at any time and for any reason. The amendment or termination of the Bonus Plan will not, without the consent of the participants, alter or impair any rights or obligations under any awards granted under the Bonus Plan. The Bonus Plan will remain in effect (subject to the Boards or Committees right to terminate the Bonus Plan) through the Companys 2014 Annual Meeting of Stockholders.