EX-10.18 Extension of Retirement & Consult. Agrmt

EX-10.18 4 l01981aexv10w18.txt EX-10.18 EXTENSION OF RETIREMENT & CONSULT. AGRMT. EXHIBIT 10.18 (III) June 9, 2003 Mr. Robert W. Mahoney Diebold, Incorporated 3800 TABS Drive Uniontown, Ohio 44685 Dear Bob: This will confirm our recent conversation regarding your consulting services. Effective July 1, 2003, Diebold, Incorporated and you agree that your Retirement and Consulting Agreement is amended by extending the "Consulting Period," as defined in section 2a of that Agreement, such that the "Consulting Period" now will terminate on December 31, 2003. We very much appreciate your past consulting services and look forward to working with you during the upcoming year. If this letter accurately reflects our understanding, please indicate your agreement by signing where designated below. I am including two signed originals of this letter so please sign both, return one to me and keep one for your records. Again, thank you very much. Sincerely yours, DIEBOLD, INCORPORATED Walden W. O'Dell Chairman of the Board President & Chief Executive Officer WWO/ma Accepted and Agreed by: - ------------------------------------ ---------------------- Robert W. Mahoney Date 27