SEC Contract Filing

Filing Date: 2024-04-25

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">04/17/2024 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Private and
Confidential </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Thomas Timko </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Delivered via e-mail
</I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Tom, </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As a result of our conversations and the
time you spent speaking to our team, we are pleased to offer you the position of Executive Vice President, Chief Financial Officer at Diebold Nixdorf, Inc. (&#147;Diebold Nixdorf&#148; or the &#147;Company&#148;), reporting to me. Your employment
will be based out of Michigan (Remote) and begin on a mutually agreed upon start date. The grade level for this position is Grade 85. We ask that you confirm your acceptance of this offer and return the signed offer letter within three
(3)&nbsp;days. Your starting base annual salary for this position will be $685,000, with annual increases as approved by our Board of Directors. You will be paid biweekly in accordance with the Company&#146;s normal payroll practices. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>BONUS</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Effective in 2024 you will be eligible to
participate in the Annual Incentive Plan (AIP), subject to the terms and conditions of such plan. Your incentive target will be 120% of your base annual salary. Your award for 2024 will be based on actual performance, determined as if you were
employed for full year 2024 and not prorated based on your hire date. The Plan will be reviewed annually and may be amended to the discretion of Diebold Nixdorf. The awards are generally paid to participants by March of each year for the previous
fiscal year. Plan details will be made available to you upon your commencement of employment. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>LONG-TERM INCENTIVE</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Beginning in 2024, you will also be eligible to participate in the long-term incentive program in the amount of 300% of your base annual salary. The
participation is linked to the global long-term incentive plan called the &#147;Diebold Nixdorf, Incorporated 2023 Equity and Performance Incentive Plan&#148; and subject to the terms and conditions of such Plan which is subject to change at the
discretion of the board of directors, and to your award agreements. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>SIGN ON BONUS AND <FONT STYLE="white-space:nowrap">ONE-TIME</FONT> RESTRICTED
STOCK UNIT AND PRICE-VESTED OPTION GRANT</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You will also receive a <FONT STYLE="white-space:nowrap">one-time</FONT> signing bonus in the amount of
$600,000 payable 50% upon hire and 50% payable in January 2025. It is understood that if you voluntarily resign or are dismissed for cause within 12 (twelve) months of each payable date, you will be required to repay the portion of the signing bonus
which has been paid. In addition, you will also receive a <FONT STYLE="white-space:nowrap">one-time</FONT> grant of 18,783 restricted stock units which vest in fourths on the anniversary of the grant date for four years and 93,916 price-vested
options vesting 100% on the fourth anniversary of the grant date. The terms of the grant will be evidenced on an award agreement and the award terms would be consistent with those for other executives. All subsequent awards shall be awarded pursuant
to the Company&#146;s shareholder-approved equity plan in effect at the time of the awards. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>SEVERANCE BENEFITS</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You are eligible to participate in the Senior Leadership Severance Plan as a Grade 85 Executive and the benefits under the Senior Leadership Severance Plan
amended and restated effective November&nbsp;7, 2018, shall be the only severance benefits you shall be entitled to receive. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>CHANGE IN CONTROL
BENEFITS</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You