Document:

EX-10.18(VI)

 

Exhibit 10.18(vi)

February 8, 2006

Diebold, Incorporated

3800 TABS Drive

Uniontown, Ohio 44685

Dear Bob:

This will confirm our recent conversation regarding your consulting services. Effective January 1,
2006, 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, 2008 with the following compensation
schedule.

	 	•	 	2006 Annual Consulting Fee — $200,000
	 
	 	•	 	2007 Annual Consulting Fee — $100,000
	 
	 	•	 	2008 Annual Consulting Fee — $50,000

During this timeframe you will also continue to be provided with reasonable and appropriate office
space and secretarial support. I fully anticipate your time to also proportionally adjust to these
compensation levels through the transition period.

I very much appreciate your past consulting services and look forward to working with you over the
next three years.

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/ Thomas W. Swidarski

Thomas W. Swidarski

President and Chief Executive Officer

Accepted and Agreed to:

	 	 	 	 	 
	/s/ Robert J. Mahoney
 

               (Signature)

	 	               3/7/06
 

               DateEX-10.24

 

EXHIBIT 10.24

RSU Agreement

     WHEREAS,                                          (hereinafter called the “Grantee”) is a key associate of Diebold,
Incorporated (hereinafter called the “Corporation”) or a Subsidiary;

     WHEREAS, the execution of an RSU Agreement substantially in the form hereof has been
authorized by a resolution of the Compensation Committee (the “Committee”) of the Board of
Directors of the Corporation (the “Board”) duly adopted on                                         ,                    ;

     NOW, THEREFORE, the Corporation hereby grants to the Grantee effective as of                                         ,
                     (the “Date of Grant”), pursuant to the Corporation’s 1991 Equity and Performance Incentive
Plan (As Amended and Restated as of February 7, 2001), and as further amended by Amendments No. 1
and No. 2 (the “Plan”),                      Deferred Shares in the form of Restricted Stock Units (“RSU’s”)
subject to the terms and conditions of the 1991 Plan and the terms and conditions described below.

1.      Definitions.

     As used in this Agreement:

	 	a.	 	“Change in Control” shall be deemed to have occurred if any of the following
events shall occur:

	 	i.	 	The acquisition by any individual, entity or group (within the meaning of
Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”)) (a “Person”) of beneficial ownership (within the meaning of Rule
13d-3 promulgated under the Exchange Act) of 15% or more of either: (A) the
then-outstanding shares of common stock of the Corporation (the “Corporation Common
Stock”) or (B) the combined voting power of the then-outstanding voting securities
of the Corporation entitled to vote generally in the election of directors (“Voting
Stock”); provided, however, that for purposes of this subsection (i), the following
acquisitions shall not constitute a Change in Control: (1) any acquisition directly
from the Corporation, (2) any acquisition by the Corporation, (3) any acquisition by
any employee benefit plan (or related trust) sponsored or maintained by the
Corporation or any Subsidiary of the Corporation, or (4) any acquisition by any
Person pursuant to a transaction which complies with clauses (A), (B) and (C) of
subsection (iii) of this Section 1(b); or
	 
	 	ii.	 	Individuals who, as of the date hereof, constitute the Board cease for
any reason (other than death or disability) to constitute at least a majority of the
Board; provided, however, that any individual becoming a director subsequent to the
date hereof whose election, or nomination for election by the Corporation’s
shareholders, was approved by a vote of at least a majority of the directors then
comprising the Incumbent Board (either by a specific vote or by approval of the
proxy statement of the Corporation in which such person is named as a nominee for
director, without objection to such nomination) shall be considered as though such
individual were a member of the Incumbent Board, but excluding for this purpose, any
such individual whose initial assumption of office occurs as a result of an actual
or threatened election contest (within the meaning of Rule 14a-11 of the Exchange
Act) with respect to the election or removal of directors or other actual or
threatened solicitation of proxies or consents by or on behalf of a Person other
than the Board; or
	 
	 	iii.	 	Consummation of a reorganization, merger or consolidation or sale or
other disposition of all or substantially all of the assets of the Corporation (a
“Business Combination”), in each case, unless, following such Business Combination,
(A) all or substantially all of the individuals and entities who were the beneficial
owners, respectively, of the Corporation Common Stock and Voting Stock immediately
prior to such Business Combination beneficially own, directly or indirectly, more
than 50% of, respectively, the then-outstanding shares of common stock and the
combined voting power of the then-outstanding voting securities entitled to vote
generally in the election of directors, as the case may be, of the entity resulting
from such Business Combination (including, without limitation, an entity which as a
result of such transaction owns the Corporation or all or substantially all of the
Corporation’s assets either directly or through one or more subsidiaries) in
substantially the same proportions relative to each other as their ownership,
immediately prior to such Business Combination, of the Corporation Common Stock and
Voting Stock of the Corporation, as the case may be, (B) no Person (excluding any
entity resulting from such Business Combination or any employee benefit plan (or
related trust) sponsored or maintained by the Corporation or such entity resulting
from such Business Combination) beneficially owns, directly or indirectly, 15% or
more of, respectively, the then-outstanding shares of common stock of the entity
resulting from such Business Combination, or the combined voting power of the
then-outstanding voting securities of such corporation except to the extent that
such ownership existed prior to the Business Combination and (C) at least a majority
of the members of the board of directors of the corporation resulting from such
Business Combination were members of the Incumbent Board at the time of the
execution of the initial agreement, or of the action of the Board providing for such
Business Combination; or
	 
	 	iv.	 	Approval by the shareholders of the Corporation of a complete liquidation
or dissolution of the Corporation.

	 	b.	 	“Deferral Period” means the period commencing                                         ,                      and ending on
                                        ,                     .

 

 

	 	c.	 	Capitalized terms used herein without definition shall have the meanings assigned
to them in the 1991 Plan.

2.      Payment of RSU’s.

     The RSU’s granted hereby shall become payable to the Grantee if they become nonforfeitable in
accordance with Section 3, Section 4 or Section 5 hereof.

3.      Vesting of RSU’s.

     Subject to the terms and conditions of Sections 4, 5 and 6 hereof, the Grantee’s right to
receive Common Shares under this Agreement shall become nonforfeitable at the end of the Deferral
Period.

4.      Effect of Change in Control.

     In the event of a Change in Control prior to the end of the Deferral Period, the RSU’s granted
hereby shall become nonforfeitable.

5.      Effect of Death, Disability or Retirement.

     If the Grantee’s employment with the Corporation or one of its Subsidiaries should terminate
because of death, permanent total disability or retirement under a retirement plan (including,
without limitation, any supplemental retirement plan) of the Corporation or a Subsidiary at or
after the earliest voluntary retirement age provided for in any such retirement plan or should
retire at an earlier age with the consent of the Committee prior to the end of the Deferral Period,
the RSU’s granted hereby shall become nonforfeitable.

6.      Effect of Terminations of Employment; Detrimental Activity.

     In the event that the Grantee’s employment shall terminate in a manner other than any
specified in Section 5 hereof or if the Grantee shall engage in any Detrimental Activity (as
defined below), the Grantee shall forfeit any RSU’s that have not become nonforfeitable by such
Grantee at the time of such termination; provided, however, that the Board upon
recommendation of the Committee may order that any part or all of such RSU’s become nonforfeitable.

7.      Form and Time of Payment of RSU’s.

     Except as otherwise provided for in Section 12, payment shall be made in the form of the
Corporation’s Common Shares at the time they become nonforfeitable in accordance with Section 3, 4
or 5 hereof. To the extent that the Corporation is required to withhold federal, state, local or
foreign taxes in connection with the delivery of Common Shares to the Grantee or any other person
under this Agreement, the number of Common Shares to be delivered to the Grantee or such other
person shall be reduced (based on the Market Value per Share as of the date the RSU’s become
payable) to provide for the taxes required to be withheld, with any fractional shares that would
otherwise be delivered being rounded up to the next nearest whole share. The Committee may, at its
discretion, adopt any alternative method of providing for taxes required to be withheld.

8.      Detrimental Activity.

     If the Grantee, either during employment by the Corporation or a Subsidiary or within one year
after termination of such employment, shall engage in any Detrimental Activity, and the Board shall
so find, and (except for any Detrimental Activity described in Section 8(d)(v)(B)) if the Grantee
shall not have ceased all Detrimental Activity within 30 days after notice of such finding given
within one year after commencement of such Detrimental Activity, the Grantee shall:

	 	a.	 	Return to the Corporation all Common Shares that the Grantee has not disposed of
that were paid out pursuant to this Agreement within a period of one year prior to the
date of the commencement of such Detrimental Activity, and
	 
	 	b.	 	With respect to any Common Shares that the Grantee has disposed of that were paid
out pursuant to this Agreement within a period of one year prior to the date of the
commencement of such Detrimental Activity, pay to the Corporation in cash the value of
such Common Shares on the date such Common Shares were paid out.
	 
	 	c.	 	To the extent that the amounts referred to in Section 8(a) and (b) above are not
paid to the Corporation, the Corporation may set off the amounts so payable to it
against any amounts that may be owing from time to time by the Corporation or a
Subsidiary to the Grantee, whether as wages, deferred compensation or vacation pay or in
the form of any other benefit or for any other reason.
	 
	 	d.	 	For purposes of this Agreement, the term “Detrimental Activity” shall include:

	 	i.	 	Engaging in any activity, as an employee, principal, agent, or consultant
for another entity, and in a capacity, that directly competes with the Corporation
or any Subsidiary in any actual product, service or business activity (or in any
product, service or business activity which was under active development while the
Grantee was employed by the Corporation if such development is being actively
pursued by the Corporation during the one-year period first referred to in this Section 8) for which the Grantee has had any direct
responsibility and direct involvement during the last two years of his or her
employment with the Corporation or a Subsidiary, in any territory in which the
Corporation or a

 

 

	 	 	 	Subsidiary manufactures, sells, markets, services, or installs such
product or service, or engages in such business activity.
	 
	 	ii.	 	Soliciting any employee of the Corporation or a Subsidiary to terminate
his or her employment with the Corporation or a Subsidiary.
	 
	 	iii.	 	The disclosure to anyone outside the Corporation or a Subsidiary, or the
use in other than the Corporation or a Subsidiary’s business, without prior written
authorization from the Corporation, of any confidential, proprietary or trade secret
information or material relating to the business of the Corporation and its
Subsidiaries, acquired by the Grantee during his or her employment with the
Corporation or its Subsidiaries or while acting as a consultant for the Corporation
or its Subsidiaries thereafter.
	 
	 	iv.	 	The failure or refusal to disclose promptly and to assign to the
Corporation upon request all right, title and interest in any invention or idea,
patentable or not, made or conceived by the Grantee during employment by the
Corporation and any Subsidiary, relating in any manner to the actual or anticipated
business, research or development work of the Corporation or any Subsidiary or the
failure or refusal to do anything reasonably necessary to enable the Corporation or
any Subsidiary to secure a patent where appropriate in the United States and in
other countries.
	 
	 	v.	 	Activity that results in Termination for Cause. For the purposes of this
Section, “Termination for Cause” shall mean a termination:

	 	A.	 	due to the Grantee’s willful and continuous gross neglect of his or her duties for
which he or she is employed, or
	 
	 	B.	 	due to an act of dishonesty on the part of the Grantee
constituting a felony resulting or intended to result, directly or indirectly,
in his or her gain for personal enrichment at the expense of the Corporation or
a Subsidiary.

9.      Payment of Dividend Equivalents.

     During the Deferral Period, from and after the Date of Grant and until the earlier of (a) the
time when the RSU’s become payable in accordance with Section 3, Section 4 or Section 5 hereof or
(b) the time when the Grantee’s right to receive Common Shares upon payment of RSU’s is forfeited
in accordance with Section 6 hereof, the Company shall pay to the Grantee, whenever a dividend is
paid on Common Shares (or at such later time as may be consistent with the Corporation’s
administrative requirements), an amount of cash equal to the product of the per-share amount of the
dividend paid times the number of such RSU’s.

10.      RSU’s Non-Transferable.

     Neither the RSU’s granted hereby nor any interest therein or in the Common Shares related
thereto shall be transferable other than by will or the laws of descent and distribution prior to
payment.

11.      Dilution and Other Adjustments.

     In the event of any change in the aggregate number of outstanding Common Shares by reason of
(a) any stock dividend, stock split, combination of shares, recapitalization or other change in the
capital structure of the Corporation, or (b) any merger, consolidation, spin-off, split-off,
spin-out, split-up, reorganization, partial or complete liquidation or other distribution of
assets, issuance of rights or warrants to purchase securities, or (c) any other corporate
transaction or event having an effect similar to any of the foregoing, then the Committee shall
adjust the number of RSU’s then held by the Grantee in such manner as to prevent the dilution or
enlargement of the rights of the Grantee that would otherwise result from such event. Furthermore,
in the event that any transaction or event described or referred to in the immediately preceding
sentence shall occur, the Committee may provide in substitution of any or all of the Grantee’s
rights under this Agreement such alternative consideration as the Committee may determine in good
faith to be equitable under the circumstances. Such adjustments made by the Committee shall be
conclusive and binding for all purposes of this Agreement.

12.      Compliance with Section 409A of the Code.

     To the extent applicable, it is intended that this Agreement and the Plan comply with the
provisions of Section 409A of the Code, so that the income inclusion provisions of Section
409A(a)(1) do not apply to Grantee. This Agreement and the Plan shall be administered in a manner
consistent with this intent, and any provision that would cause the Agreement or the Plan to fail
to satisfy Section 409A of the Code shall have no force and effect until amended to comply with
Section 409A of the Code (which amendment may be retroactive to the extent permitted by Section
409A of the Code and may be made by the Company without the consent of the Grantee). In
particular, to the extent the RSU’s become nonforfeitable pursuant to Section 4 or Section 5 and
the event causing the RSU’s to become nonforfeitable is the Grantee’s retirement or an event that
does not constitute a permitted distribution event under Section 409A(a)(2) of the Code, then
notwithstanding anything to the contrary in Section 7 above, issuance of the Common Shares will
be made, to the extent necessary to comply with the provisions of Section 409A of the Code, to
the Grantee on the earlier of (a) the Grantee’s “separation from service” with the Company
(determined in accordance with Section 409A); provided, however, that if the Grantee is a
“specified employee” (within the meaning of Section 409A), the Grantee’s date of issuance of the
Common Shares shall be the date that is six months after the date of the Grantee’s separation of
service with the Company, (b) the end of the Deferral Period, or (c) the Grantee’s death.
Reference to Section 409A of the Code is to Section 409A of the Internal Revenue Code of 1986, as
amended, and will also include any proposed, temporary or

 

 

final regulations, or any other guidance,
promulgated with respect to such Section by the U.S. Department of the Treasury or the Internal
Revenue Service.

13.      Employment Rights.

     For purposes of this Agreement, the continuous employ of the Grantee with the Corporation or a
Subsidiary shall not be deemed interrupted, and the Grantee shall not be deemed to have ceased to
be an associate of the Corporation or any Subsidiary, by reason of the transfer of his or her
employment among the Corporation and its Subsidiaries. This RSU award is a voluntary,
discretionary bonus being made on a one-time basis and it does not constitute a commitment to make
any future awards. This RSU award and any payments made hereunder will not be considered salary or
other compensation for purposes of any severance pay or similar allowance, except as otherwise
required by law. Nothing in this Agreement will give the Grantee any right to continue employment
with the Corporation or any Subsidiary, as the case may be, or interfere in any way with the right
of the Corporation or a Subsidiary to terminate the employment of the Grantee.

14.      Data Privacy.

     Information about the Grantee and the Grantee’s participation in the Plan may be collected,
recorded, and held, used and disclosed for any purpose related to the administration of the Plan.
The Grantee understands that such processing of this information may need to be carried out by the
Corporation and its Subsidiaries and by third party administrators whether such persons are located
within the Grantee’s country or elsewhere, including the United States of America. The Grantee
consents to the processing of information relating to the Grantee and the Grantee’s participation
in the Plan in any one or more of the ways referred to above.

15.      Plan and Capitalized Terms.

     This Agreement is subject to the terms and conditions of the Plan. Capitalized terms used
herein without definition shall have the meanings assigned to them in the Plan.

16.      Amendments.

     Any amendment to the Plan shall be deemed to be an amendment to this Agreement to the extent
that the amendment is applicable hereto; provided, however, that no amendment shall
adversely affect the rights of the Grantee with respect to RSU’s without the Grantee’s consent.

17.      Validity.

     If any provision of this Agreement or the application of any provision hereof to any person or
circumstances is held invalid, unenforceable or otherwise illegal, the remainder of this Agreement
and the application of such provision in any other person or circumstances shall not be affected,
and the provisions so held to be invalid, unenforceable or otherwise illegal shall be reformed to
the extent (and only to the extent) necessary to make it enforceable, valid and legal.

18.      Governing Law.

     This Agreement is made under, and shall be construed in accordance with the internal
substantive laws of the State of Ohio.

     The undersigned hereby acknowledges receipt of an executed original of this RSU Agreement and
accepts the RSU’s granted thereunder on the terms and conditions set forth herein in the Plan.

	 	 	 	 	 	 	 	 	 
	Date:
	 	 	 	 	 	 	 	 
	 

	 	 

	 	 	 	 

[Signature]
	 	 

     Executed in the name and on behalf of the Corporation at North Canton, Ohio as of the                      day
of                                         ,                     .

DIEBOLD, INCORPORATED

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}]]