Created abstractIS environment which has the right words. abstract is back to no arguments needed.

PHD-NAME-YEAR.tex

@@ -48,17 +48,17 @@
 \signaturepage{}
 \archivesigpage{}
 
-\begin{abstract}{Abstract}{\thetitle}{\thedate}
-  The abstract goes here in English.
+\begin{abstract}
+  The abstract goes here translated into English.
   If the thesis is in English, it should come first.
   It should be a fairly short summary of the entire document.
 \end{abstract}
 
-\begin{abstract}{Útdráttur}{\thetitleIS}{\thedateIS}
+\begin{abstractIS}
   The abstract goes here translated into Icelandic.
   If the thesis is in Icelandic, it should come first.
   It should be a fairly short summary of the entire document.
-\end{abstract}
+\end{abstractIS}
 
 \begin{dedications}
   I dedicate this to my spouse/child/pet/power animal.