Yes, that is how I interpreted it, but that relies on placing trust in a benevolent Lab_Rat who will do what will most benefit the contract holders. The new contract is a huge step backward from what little transparency we did have. I personally think Lab_Rat is more likely than a lot of people to willingly pay out a very large portion of mined bitcoin over and above the contracted rate, however, I do not like the lack of guarantees. The new contract basically reads "100MH/s plus bonus at LR's discretion". I personally think it is likely the "bonus" will consistently be nice and significantly higher than 100MH/s, but there is nothing to prevent LR from having a bad week, going on a coke binge using what would otherwise be bonus bitcoin, waking up on a beach in a singlet somewhere, and paying out just 100MH/s per contract, and we would have zero recourse and zero knowledge there ever was a pool of bitcoins that could have been used as a bonus. This seems like a huge departure from the spirit of the original contract. Worse, LR can't even say what he really intends to do because of legal liabilities. Maybe he intends to payout a bonus regularly every week based on actual mined bitcoin, but he can't say that is what he intends to do one way or the other because of legal concerns.
I would have much rather seen contracts that split to accommodate increased hashrate rather than relying on fixed + bonus.
Will have to think on this more and read what others are thinking.
I really hope the benevolent Lab_Rat you speak of rears his head very soon. I'm negative about the lack of guaranteed bonus the contracts specify. However, LR has acted in good faith on several occasions. Some nice bonus dividends would go a long way to averting legal action on the part of contract holders. As things stand on paper I have no doubt there are several here ready to pursue legal remedies should dividends under new contract stay around the 100MH/s rate.