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LLTC » Topics » 2009 EXECUTIVE BONUS PLAN

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

2009 EXECUTIVE BONUS PLAN

     The Board of Directors has approved the adoption of the Company’s 2009 Executive Bonus Plan (the “Bonus Plan”), subject to the approval of our stockholders at the Annual Meeting. If the stockholders approve the Bonus Plan, it will replace the existing Senior Executive Bonus Plan (the “Senior Plan”) in its entirety. If the stockholders do not approve the Bonus Plan, the Senior Plan will remain in effect.

     The following paragraphs provide a summary of the principal features of the Bonus Plan and its operation. The Bonus Plan is set forth in its entirety as Appendix A to this Proxy Statement. The following summary is qualified in its entirety by reference to Appendix A.

"2009 EXECUTIVE BONUS PLAN" elsewhere:

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