Here is a permalink to your example: http://rise4fun.com/Z3/0sl11
The model produces interpretations for the functions LS and thau. Both of these functions map values from S into Booleans. So they are predicates. The model says what are possible values for these predicates that satisfy the formulas. It does not have to formulate the predicates by listing each case explicitly. These predicates are typically written as a big if-then-else expression. The last else branch contains the default case for the values that are not explicitly handled in the if-branches.