EXHIBIT 10.18 (ii)
June 25, 2002
▇▇. ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇▇▇▇, Incorporated
▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇
Dear ▇▇▇:
This will confirm our recent conversation regarding your consulting services.
Effective July 1, 2002, 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 July 1, 2003.
As discussed, notwithstanding the amendment of "Consulting Period," your rights
under section 3e of your Retirement and Consulting Agreement shall not be
affected by this extension of your consulting arrangement. As a result, the term
of the October 15, 1996 Nonqualified Stock Option Agreement shall expire on July
1, 2002.
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
/s/▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Vice President, Corporate Human Resources
CBS/ma
Accepted and Agreed by:
/s/▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ June 26, 2002
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