Document:

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                                                                 Exhibit 10.(t).

TIMOTHY P. SMUCKER
Chairman, Compensation
and Stock Option Committee

                                                       April 18, 2001

Mr. Frank Wobst
Chairman
Huntington Bancshares Incorporated
Huntington Center
Columbus, Ohio 43287

         Re: Retirement as Employee

Dear Frank:

         You have indicated your intent to retire as an employee of Huntington
Bancshares Incorporated. While we understand your desire to retire from the day
to day responsibilities required of an actively employed Chairman, we look
forward to your continued guidance and service as a non-employee Chairman of
both Huntington Bancshares Incorporated and The Huntington National Bank Boards.
In order to recognize your significant past contributions to Huntington and
ensure a smooth transition, we have agreed on certain matters affecting your
retirement and your future relationship with Huntington. This letter
memorializes our agreement.

         1.       You will continue in your present position at your current
                  rate of compensation and with your current fringe benefits
                  until you retire as an employee of Huntington and its
                  affiliates. Your retirement date will be May 1, 2001.

         2.       As of May 1, 2001, you will be entitled to certain retirement
                  income and welfare benefits, and other benefits as set forth
                  in the attachment to this letter.

         3.       You will continue to serve your term as a director of
                  Huntington Bancshares Incorporated and The Huntington National
                  Bank in accordance with their by-laws. You will also continue
                  to serve as Chairman of the Executive Committee of the Boards
                  of Directors of both Huntington Bancshares Incorporated and
                  The Huntington National Bank through December 31, 2002.
                  Beginning May 1, 2001, you will serve as non-employee Chairman
                  of the Board for both Huntington Bancshares Incorporated and
                  The Huntington National Bank, continuing through December 31,
                  2002. Beginning May 1, 2001, and continuing for as long as you
                  serve as a director, you shall receive the standard director
                  compensation in effect from time to time for non-employee
                  directors.

         4.       Beginning on May 1, 2001, and continuing through December 31,
                  2002, you agree to provide consulting services to Huntington
                  in the form of advice on Huntington's activities and proposed
                  activities as the Chief Executive Officer or the Board of
                  Directors of Huntington Bancshares Incorporated shall
                  reasonably request. In

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                  performing such consulting services, you agree that you will
                  be acting as an independent contractor and not as an employee
                  of Huntington. As payment for such consulting services, you
                  shall receive a fee of $20,000 per month in equal bi-weekly
                  installments. You acknowledge that you will be responsible for
                  filing, withholding, and payment of taxes as an independent
                  contractor.

         5.       Both before and following your retirement date, Huntington
                  will indemnify you against any and all claims, suits, charges,
                  or proceedings, and will advance reasonable expenses
                  (including reasonable attorneys' fees), arising from your
                  performance of duties as an officer or director of Huntington
                  or any affiliated company to the full extent permitted by
                  federal law and the laws of the State of Maryland. You will
                  cooperate with Huntington in connection with any such
                  proceedings.

         6.       You agree that you will hold in a fiduciary capacity for the
                  benefit of Huntington all trade secrets, confidential
                  information, and privileged information, relating to
                  Huntington and its businesses which you have obtained during
                  your employment by Huntington. You will not, without the prior
                  written consent of Huntington or as may otherwise be required
                  by law or legal process, use, communicate, or divulge any such
                  trade secrets or confidential or privileged information to
                  anyone other than Huntington and those designated by
                  Huntington.

         7.       For yourself, your heirs, executors, and assigns, you release,
                  waive, extinguish, and covenant not to sue with respect to any
                  and all rights, liabilities, claims, or actions of whatever
                  nature which you have or may have as of the effective date of
                  this agreement against Huntington or its affiliates, its or
                  their successors and assigns, and the directors, officers,
                  employees, or agents of any of them or their heirs or assigns,
                  including, but not limited to, any and all such rights,
                  liabilities, claims, or actions arising in any manner out of
                  your employment or the termination of your employment. These
                  rights, liabilities, claims, and actions released, waived, and
                  extinguished by you and with respect to which you covenant not
                  to sue, include but are not limited to those arising or which
                  might arise under Title VII of the Civil Rights Act of 1964,
                  as amended; the Civil Rights Act of 1866, as amended;
                  Executive Order 11246, as amended; the National Labor
                  Relations Act, as amended; the Americans with Disabilities Act
                  of 1990; any claims or rights arising in fact or by
                  implication pursuant to any alleged contract and any other
                  claim arising under any federal, state, county, city, or other
                  local law, rule, ordinance, regulation, order, or decision
                  concerning discrimination in employment or the terms, rate,
                  hours, benefits, conditions, or privileges of employment or
                  any other term or condition of employment including, but not
                  limited to, any claim arising out of your employment which
                  relates to or arises out of a claim of discrimination because
                  of race, color, religion, sex, national origin, handicap, age,
                  or ancestry pursuant to Chapter 4112 of the Ohio Revised Code
                  or which relates to or arises out of any claim of age
                  discrimination pursuant to the federal Age Discrimination in
                  Employment Act or any state or local age discrimination
                  statute, law, ordinance, or decision.

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         8.       The agreement set forth in this letter will be binding on the
                  successors and assigns of Huntington. It is Huntington's
                  intention that you not be required to incur the expenses
                  associated with the enforcement of your rights as set forth in
                  this letter, should such enforcement become necessary
                  following a change in control of Huntington. Accordingly, if,
                  following a change in control of Huntington, it should appear
                  to you that Huntington or its successor has failed to comply
                  with any of Huntington's obligations to you as described in
                  this letter, or any action is taken to declare the agreement
                  set forth in this letter to be void or unenforceable or to
                  deny, diminish, or recover from you the benefits intended to
                  be provided to you as described in this letter, you are
                  irrevocably authorized to retain counsel of your choice at the
                  expense of Huntington or its successor to represent you in
                  connection with the initiation or defense of any litigation or
                  other legal action. Huntington or its successor will pay or
                  reimburse to you the reasonable fees and expenses of counsel
                  selected by you on a regular, periodic basis upon presentation
                  by you of a statement or statements prepared by such counsel
                  in accordance with its customary practices.

         9.       This letter, including the attachment, contains the entire
                  agreement of the parties with respect to your retiring as an
                  employee, and your continuing relationship with Huntington,
                  and completely supersedes your Employment Agreement dated
                  February 15, 2001, and your Executive Agreement dated April 1,
                  1998, which will be of no further effect as of your retirement
                  date.

         Frank, on behalf of everyone at Huntington, I want to express my
sincere appreciation for your many contributions to Huntington.

                                                       Sincerely,

                                                       Timothy P. Smucker

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                                 ACKNOWLEDGMENT

         I acknowledge that I was given up to 21 calendar days within which to
consider this letter agreement; that I was advised in writing of my right to
consult with legal counsel prior to signing this agreement and that I have had
the opportunity to avail myself of counsel of my choosing; and that I have the
right to revoke this agreement, in writing, for a period not to exceed 7 days
after the date on which it was signed by me. All parties further acknowledge if
I fail to exercise this right to revoke, this agreement will immediately become
a binding contract as to its terms.

         I acknowledge that I have read this letter in its entirety, fully
understand the same, and am in full accord with the terms contained herein.

                                       Notice received and accepted and this
                                       letter agreement approved and accepted
                                       this ____ day of April, 2001.

                                       ------------------------------
                                       Frank Wobst

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                                                                      ATTACHMENT

INCENTIVE PLANS

         1.       You are a participant in the Incentive Compensation Plan, also
                  known as the Management Incentive Plan (the "MIP"), until your
                  retirement date. You shall be eligible to receive a MIP
                  payment for the plan year 2001. Your MIP payment for the plan
                  year 2001 will be based on the terms of the plan and on the
                  criteria and other terms for your current group A-1 as
                  determined by the Compensation and Stock Option Committee.
                  Your MIP payment for the plan year 2001 will be a pro rata
                  amount equal to a fraction of a year, the numerator of which
                  will be four and the denominator shall be twelve. You shall
                  receive this payment prior to the last day in February 2002.

         2.       You are a participant in the seventh and eighth cycles of the
                  Long Term Incentive Compensation Plan (the "Long Term Plan".)
                  The seventh cycle of the Long-Term Plan covers the period
                  January 1, 1999, through December 31, 2000. As a participant
                  in the seventh cycle of the Long Term Plan, you are eligible
                  to receive a seventh cycle Long Term Plan payment. Your Long
                  Term Plan payment will be determined based on Huntington's
                  ROAE performance relative to the performance of the peer group
                  in accordance with the terms of the Long-Term Plan for the
                  group to which you were assigned. You will receive this
                  payment for the seventh cycle when awards for all participants
                  in the Long-Term Plan are paid, which is anticipated to be in
                  May 2001.

                  The eighth cycle of the Long Term Plan covers the period of
                  January 1, 2000, through December 31, 2002. As a participant
                  in the eighth cycle of the Long Term Plan, you are eligible to
                  receive an eighth cycle Long Term Plan payment. Your Long Term
                  Plan payment will be determined based on Huntington's ROAE
                  performance relative to the performance of the peer group
                  determined by the Committee and calculated pursuant to the
                  terms of that plan for your group. Your payment will be a pro
                  rata portion of the eighth cycle amount equal to a fraction,
                  the numerator of which will be sixteen and the denominator of
                  which will be 36. You will receive this payment when awards
                  for all participants in the eighth cycle of the Long-Term Plan
                  are paid.

                  Payment from the Long-Term Plan will be in accordance with the
                  terms of the Plan.

         3.       All stock options previously granted will be exercisable in
                  accordance with and otherwise governed by the retirement
                  provisions of the Stock Option Plans and the provisions of the
                  stock option agreements under which they were granted.

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WELFARE BENEFITS

         1.       Your employee coverage under the Huntington Bancshares
                  Incorporated Group Healthcare Plan will end on April 30, 2001.
                  Beginning on your retirement date, you and your dependents
                  will be eligible for Huntington's retiree medical and dental
                  benefits as generally available to all retirees and in effect
                  from time to time.

         2.       Your Employee Group Term Life Insurance will end on the
                  retirement date. You will receive group term life insurance as
                  a retiree in the amount of $50,000.

         3.       Your Business Travel Accidental Death and Dismemberment
                  coverage and your Long-Term Disability coverage will end on
                  April 30, 2001.

RETIREMENT INCOME BENEFITS

         1.       You will cease active participation in the Huntington
                  Investment and Tax Savings Plan (the "Stock Plan") and the
                  Huntington Supplemental Stock Purchase and Tax Savings Plan
                  (the "Supplemental Stock Plan"). Your Supplemental Stock Plan
                  balance will be distributed to you as soon as administratively
                  feasible following your retirement date. You will also receive
                  information regarding options relating to your balance in the
                  Stock Plan after your retirement date.

         2.       Beginning May 1, 2001, you will become eligible to begin
                  receipt of benefits under the Huntington Bancshares
                  Incorporated Retirement Plan (the "Pension Plan") and the
                  Supplemental Executive Retirement Plan (the "SERP").

OTHER BENEFITS

         1.       A Huntington parking pass will be provided to you through the
                  later of your term as a director of Huntington or December 31,
                  2005.

         2.       You will continue to have both the use of your current office
                  on the 34th floor of the Huntington Center and to have your
                  current secretary assigned to you full-time through December
                  31, 2002, provided Huntington continues to occupy such space
                  and your secretary remains in the employ of Huntington. After
                  December 31, 2002, and continuing through December 31, 2005,
                  Huntington will provide you with an office and secretary as
                  appropriate but not necessarily your current office and
                  secretary.

         3.       Huntington will reimburse you for eligible tax and financial
                  planning services bills you incur through December 31, 2001 to
                  the extent of your full annual allowance for such services.

         4.       You will continue to have use of your current corporate
                  automobile and be reimbursed in accordance with Huntington's
                  policy in effect from time to time

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                  through December 31, 2002. At December 31, 2002, you may
                  purchase your corporate automobile from Huntington at book
                  value. If Huntington discontinues its current policy for
                  providing cars to senior executives before December 31, 2002,
                  you will have the option to purchase your corporate automobile
                  at book value at that time.

         5.       You will continue to be entitled to receive, through December
                  31, 2005, security services at your customary residences,
                  including dedicated phone lines for audit, data and alarm
                  transmission, fire, smoke, intrusion detection and alarm
                  systems and devices, perimeter protection, including fences,
                  gates and camera.

         6.       Through December 31, 2002, you will be entitled to use
                  corporate facilities consistent with your position as Chairman
                  of the Board. During the period January 1, 2003, through
                  December 31, 2005, you will be entitled to use corporate
                  facilities as appropriate.

         7.       Through December 31, 2005, you will be reimbursed for
                  reasonable business expenses incurred in furtherance of
                  services rendered for the benefit of Huntington.

                                       7<PAGE>   1

                                                                    Exhibit 10.1

                             AMENDMENT NUMBER SEVEN
                             ----------------------
                         TO LOAN AND SECURITY AGREEMENT
                         ------------------------------

                  THIS AMENDMENT NUMBER SEVEN TO LOAN AND SECURITY AGREEMENT
(this "Amendment") dated as of August 13, 2001, is entered into among PHONETEL
TECHNOLOGIES, INC., an Ohio corporation ("Phonetel"), CHEROKEE COMMUNICATIONS,
INC., a Texas corporation ("Cherokee," and together with Phonetel, each a
"Borrower" and collectively, jointly and severally, the "Borrowers"), on the one
hand, and, on the other hand, Agent (as hereinafter defined) and the financial
institutions (collectively, the "Lenders" and individually, a "Lender") that are
signatories to that certain Loan and Security Agreement, dated as of November
17, 1999 (as amended, restated, supplemented, or otherwise modified from time to
time, the "Loan Agreement"), entered into among the Borrowers, Lenders, and
FOOTHILL CAPITAL CORPORATION, a California corporation, as agent for the Lenders
(herein, in such capacity, referred to as "Agent"), in light of the following:

                                    RECITALS
                                    --------

                  WHEREAS, Borrowers have requested that the Lenders amend the
Loan Agreement; and

                  WHEREAS, Lenders are willing to amend the Loan Agreement under
the terms and conditions set forth in this Amendment.

                  NOW, THEREFORE, in consideration of the foregoing and the
mutual covenants herein contained, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereby agree as follows:

                                    AGREEMENT
                                    ---------

I.   DEFINITIONS. Capitalized terms not otherwise defined herein shall have the
     meaning ascribed thereto in the Loan Agreement.

II.  AMENDMENTS TO THE LOAN AGREEMENT. Upon the Seventh Amendment Effective
     Date, the parties agree to amend the Loan Agreement as follows:

     2.1  SECTION 1.1 of the Loan Agreement hereby is amended by inserting the
          following new defined terms in the proper alphanumerical order:

                                       -1-

<PAGE>   2

          "SEVENTH AMENDMENT" means that certain Amendment Number Seven to Loan
          and Security Agreement, dated as of August 13, 2001, among Borrowers,
          Lenders and Agent.

          "SEVENTH AMENDMENT EFFECTIVE DATE" means the date that all conditions
          set forth in SECTION 4 of the Seventh Amendment have been satisfied.

     2.2  SECTION 2.6 of the Loan Agreement hereby is amended by inserting the
          following new subsection (l) thereof:

          (l) PAYMENT IN KIND OF CERTAIN INTEREST OWING. Notwithstanding the
          provisions of subsections (c), (h), (i), (j), and (k) above, (A)
          interest accrued during the month of May, 2001, otherwise due and
          payable on June 1, 2001, shall instead be added to principal as of
          June 1, 2001, and shall thereafter accrue interest at the rate then
          applicable to Advances hereunder, (B) interest accrued during the
          month of June, 2001, otherwise due and payable on July 1, 2001, shall
          instead be added to principal as of July 1, 2001, and shall thereafter
          accrue interest at the rate then applicable to Advances hereunder, and
          (C) interest accrued during the month of July, 2001, otherwise due and
          payable on August 1, 2001, shall instead be added to principal as of
          August 1, 2001, and shall thereafter accrue interest at the rate then
          applicable to Advances hereunder.

III. WAIVER TO THE LOAN AGREEMENT. Upon the Seventh Amendment Effective Date,
     the parties agree to certain waivers as follows:

     3.1  WAIVER OF CERTAIN FINANCIAL COVENANTS FOR THE QUARTER ENDED JUNE 30,
          2001. Agent hereby waives any Default or Event of Default solely with
          respect to Borrower's failure to comply with SECTIONS 7.20(a),
          7.20(b), 7.20(c), 7.20(d), 7.20(e), and 7.20(g), only for the period
          ending June 30, 2001.

IV.  CONDITIONS PRECEDENT TO AMENDMENT. The satisfaction of each of the
     following unless waived or deferred by Lenders, in their sole discretion,
     shall constitute conditions precedent to the effectiveness of this
     Amendment and each and every provisions hereof:

     4.1  Agent shall have received this Amendment, in form and substance
          satisfactory to Agent, duly executed by each party hereto, and in full
          force and effect;

     4.2  The representations and warranties in this Amendment, the Loan
          Agreement as amended by this Amendment, and the other Loan Documents
          shall be true and correct in all respects on and as of the date
          hereof, as though made on such date

                                       -2-

<PAGE>   3

          (except to the extent that such representations and warranties relate
          solely to an earlier date);

     4.3  No Default or Event of Default shall have occurred and be continuing
          on the date hereof, nor shall result from the consummation of the
          transactions contemplated herein; and

     4.4  No injunction, writ, restraining order, or other order of any nature
          prohibiting, directly or indirectly, the consummation of the
          transactions contemplated herein shall have been issued and remain in
          force by any Governmental Authority against either of the Borrowers,
          Agent or any of the Lenders.

V.   REPRESENTATIONS AND WARRANTIES. Each Borrower hereby represents and
     warrants to the Lenders that (a) the execution, delivery, and performance
     of this Amendment and of the Loan Agreement, as amended by this Amendment,
     are within such Borrower's corporate powers, have been duly authorized by
     all necessary corporate action, and are not in contravention of any law,
     rule, or regulation, or any order, judgment, decree, writ, injunction, or
     award of any arbitrator, court, or Governmental Authority, or of the terms
     of its Governing Documents, or of any contract or undertaking to which it
     is a party or by which any of its properties may be bound or affected, (b)
     this Amendment and the Loan Agreement, as amended by this Amendment,
     constitute such Borrower's legal, valid, and binding obligation,
     enforceable against such Borrower in accordance with its terms, and (c)
     this Amendment has been duly executed and delivered by such Borrower.

VI.  CHOICE OF LAW. THE VALIDITY OF THIS AMENDMENT, ITS CONSTRUCTION,
     INTERPRETATION AND ENFORCEMENT, THE RIGHTS OF THE PARTIES HEREUNDER, SHALL
     BE DETERMINED UNDER, GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAWS
     OF THE STATE OF NEW YORK.

VII. COUNTERPARTS; TELEFACSIMILE EXECUTION. This Amendment may be executed in
     any number of counterparts and by different parties and separate
     counterparts, each of which when so executed and delivered, shall be deemed
     an original, and all of which, when taken together, shall constitute one
     and the same instrument. Delivery of an executed counterpart of a signature
     page to this Amendment by telefacsimile shall be effective as delivery of a
     manually executed counterpart of this Amendment. Any party delivering an
     executed counterpart of this Amendment by telefacsimile also shall deliver
     a manually executed counterpart of this Amendment but the failure to
     deliver a manually executed counterpart shall not affect the validity,
     enforceability, and binding effect of this Amendment.

VIII. EFFECT ON LOAN AGREEMENT. The Loan Agreement, as amended hereby, shall be
     and remain in full force and effect in accordance with its respective terms
     and hereby is ratified and confirmed in all respects. The execution,
     delivery, and performance of this Amendment shall not operate as a waiver
     of or, except as expressly

                                       -3-
<PAGE>   4

     set forth herein, as an amendment of, any right, power, or remedy of Agent
     or any Lender under the Loan Agreement, as in effect prior to the date
     hereof.

IX.  FURTHER ASSURANCES. Each Borrower shall execute and deliver all agreements,
     documents, and instruments, in form and substance satisfactory to Agent,
     and take all actions as Agent may reasonably request from time to time, to
     perfect and maintain the perfection and priority of Liens in the Collateral
     held by Agent for the benefit of the Lenders and to fully consummate the
     transactions contemplated under this Amendment and the Loan Agreement, as
     amended by this Amendment.

X.   MISCELLANEOUS.

     10.1 Upon and after the effectiveness of this Amendment, each reference in
          the Loan Agreement to "this Agreement", "hereunder", "herein",
          "hereof" or words of like import referring to the Loan Agreement, and
          each reference in the other Loan Documents to "the Loan Agreement",
          "thereunder", "therein", "thereof" or words of like import referring
          to the Loan Agreement, shall mean and be a reference to the Loan
          Agreement as modified and amended hereby.

     10.2 The Loan Agreement and all other Loan Documents, are and shall
          continue to be in full force and effect and are hereby in all respects
          ratified and confirmed and shall constitute the legal, valid, binding
          and enforceable obligations of each Borrower to Agent and Lenders.

                            [signature page follows]

                                      -4-

<PAGE>   5

                  IN WITNESS WHEREOF, the parties have entered into this
Amendment as of the date first above written.

                                         PHONETEL TECHNOLOGIES, INC.,
                                         an Ohio corporation

                                         By /s/ John D. Chichester
                                            ------------------------------------
                                         Name: John D. Chichester
                                               ---------------------------------
                                         Title: Chief Executive Officer
                                                --------------------------------

                                         CHEROKEE COMMUNICATIONS, INC.,
                                         a Texas corporation

                                         By /s/ John D. Chichester
                                            ------------------------------------
                                         Name: John D. Chichester
                                               ---------------------------------
                                         Title: Chief EXECUTIVE Officer
                                                --------------------------------

                                         FOOTHILL CAPITAL CORPORATION, a
                                         California corporation, as Agent
                                         and a Lender

                                         By /s/ Amy Lam
                                            ------------------------------------
                                         Name: Amy Lam
                                               ---------------------------------
                                         Title: Vice President
                                                --------------------------------

                                         FOOTHILL PARTNERS III, L.P.,
                                         a Delaware limited partnership,
                                         as a Lender

                                         By /s/ Dennis R. Ascher
                                            ------------------------------------
                                         Name: Dennis R. Ascher
                                               ---------------------------------
                                         Title: Managing General Partner
                                                --------------------------------

                                         ABLECO FINANCE LLC,
                                         a Delaware limited liability company,
                                         as a Lender and as agent for its
                                         successors and assigns

                                         By /s/ Kevin P. Genda
                                            ------------------------------------
                                         Name: Kevin P. Genda
                                               ---------------------------------
                                         Title: Senior VP and C.C.O.
                                                --------------------------------

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