Amendment to Employee Agreement between Lightwave Logic, Inc. and Michael S. Lebby, PhD
This amendment extends the employment agreement between Lightwave Logic, Inc. and Michael S. Lebby, PhD, originally dated March 20, 2017. The new agreement changes the termination date to April 30, 2025. All other terms of the original agreement remain unchanged unless they conflict with this amendment. The amendment is effective as of April 26, 2023.
EXHIBIT 10.1
EMPLOYEE AGREEMENT AMENDMENT
THIS AGREEMENT (the “Agreement”) is made and entered into on April 26, 2023 by and between Lightwave Logic, Inc., a Nevada Corporation (the “Company”) and Michael S. Lebby, PhD (“Employee”).
| 1. | This Agreement amends that certain Employee Agreement dated March 20, 2017, as amended from time to time, made and entered into by the parties hereto (the “Employee Agreement”). Capitalized terms herein have the same meaning as used in the Employee Agreement, unless otherwise noted. |
| 2. | Effective April 26, 2023, the Termination Date described in paragraph 1.2 shall be extended to April 30, 2025. |
| 3. | All other provisions of the Employee Agreement remain in full force and effect, other than any provision that conflicts with the terms and spirit of this Agreement. |
The Parties have executed this Agreement on the date first written above.
| LIGHTWAVE LOGIC, INC.:
By: /s/ James S. Marcelli James S. Marcelli, President
EMPLOYEE:
/s/ Michael S. Lebby Michael S. Lebby | |
