Jackson succeeded John Schofield as Lincoln City manager

Lincoln City manager Peter Jackson has agreed a two-year extension to his contract which will keep him at Sincil Bank until the summer of 2011.

But Jackson, who took charge in October 2007, insists he will only sign the deal when he feels the time is right.

He said: "Although I've verbally accepted the offer I won't be signing anything until I feel the team is moving in the right direction."

The Imps are 19th in League Two, having won just one game this season.

Jackson admitted: "At this moment in time I feel as though I don't deserve a new contract and that is why I will only sign when I feel the time is right for me to do so.

"Should that time not arise then the final decision will be out of my hands.

"I've made this decision out of respect to the supporters, the Board of Directors and my staff who have shown great faith in me since I arrived at Sincil Bank. The last thing I want to do is to let them down."

Lincoln City chairman Steff Wright said: "Players' contracts are incentive based, and Peter has applied the same principle to himself.

"He isn't a man looking to be rewarded by failure."