Salary Adjustment Letter for Dr. James A. Hayward from Applied DNA Sciences, Inc.
Applied DNA Sciences, Inc. notifies Dr. James A. Hayward, its President and CEO, that his annual salary will be increased to $300,000, effective May 7, 2016. The new salary will be paid bi-weekly and reflected in the May 20, 2016 paycheck, with all standard payroll deductions continuing. The letter is signed by the Executive Director of Human Resources and serves as the official record of this salary adjustment.
Exhibit 10.1
May 7, 2016
Dr. James A. Hayward
President & CEO
Applied DNA Sciences, Inc.
50 Health Sciences Drive
Stony Brook, New York 11790
Re: Salary Adjustment.
Dear Jim:
As per your request, this letter is your official notification that effective May 7,2016, your salary will be adjusted. Your new annual salary will be $300,000.00 which is payable bi-weekly at a rate of $11,538.46. This adjustment will appear in your May 20, 2016 paycheck. All normal deductions such as federal, state, social security and Medicare will continue.
Regards,
/s/ Lawrence C. Kick
Lawrence C. Kick, MA, SPHR, SHRM-SCP
Executive Director, Human Resources
Applied DNA Sciences, Inc.
cc: Human Resources
50 Health Sciences Drive — Stony Brook, NY 11790 — tel ###-###-#### — fax ###-###-####
