Oct 30 (Reuters) - Westpac Banking Corp WBC.AX :
* WESTPAC BOARD EXTENDS PETER KING'S CONTRACT-WBC.AX
* WESTPAC BOARD AND CEO, PETER KING, HAD AGREED TO AMEND HIS EMPLOYMENT CONTRACT REMOVING TWO-YEAR TERM.
* CEO, PETER KING, HAD AGREED TO AMEND HIS EMPLOYMENT CONTRACT REMOVING TWO-YEAR TERM.
* KING HAVE HAD RECENT DISCUSSIONS AND KING CONFIRMED HE IS COMMITTED TO MULTI-YEAR PLAN TO TURN COMPANY AROUND
* KING'S CONTRACT TERMS REMAIN UNCHANGED, EXCEPT FOR REMOVAL OF 2-YEAR TERM
* KING EMPLOYMENT CONTRACT AMENDED TO STANDARD 12-MONTH NOTICE PERIOD.