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LLTC » Topics » 7. AMENDMENT, TERMINATION AND DURATION

This excerpt taken from the LLTC DEF 14A filed Sep 23, 2009.

7.
AMENDMENT, TERMINATION AND DURATION

     (a) Amendment, Suspension or Termination. The Board or the Committee, each in its sole discretion, may amend or terminate the Plan, or any part thereof, at any time and for any reason. The amendment, suspension or termination of the Plan shall not, without the consent of the Participant, alter or impair any rights or obligations under any Target Award theretofore granted to such Participant. No award may be granted during any period of suspension or after termination of the Plan.

     (b) Duration of the Plan. The Plan shall commence on the date specified herein, and subject to Section 7.1 (regarding the Board or the Committee’s right to amend or terminate the Plan), shall remain in effect thereafter through the Company’s 2014 Annual Meeting of Stockholders.

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