Identification of Bonus Criteria for Robert Brennan under 2006 Senior Executive Incentive Plan (Iron Mountain Inc.)
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Summary
Iron Mountain Incorporated's Compensation Committee has set the criteria for determining the 2008 annual bonus for Mr. Robert Brennan under the company's 2006 Senior Executive Incentive Plan. The bonus will be based on meeting targets for gross revenue, operating income before depreciation and amortization, and other corporate goals such as new service offerings, growth strategies, and talent development. The Compensation Committee may reduce the bonus at its discretion, after consulting with other board committee chairs, as outlined in the plan.
EX-10.2 3 ex10-2.htm EX10-2 ex10-2.htm
EXHIBIT 10.2
Identification of Criteria under the 2006 Senior Executive Incentive Plan
The Compensation Committee of the Board of Directors (the “Compensation Committee”) of Iron Mountain Incorporated (the “Company”) established the criteria that will be used to determine the annual bonus payable for 2008 Performance to Mr. Robert Brennan under the Company’s 2006 Senior Executive Incentive Plan. The categories of criteria are as follows: (1) achieving gross revenue targets, (2) achieving operating income before depreciation and amortization (OIBDA) targets, and (3) achieving other corporate goals including, but not limited to, advancing new service offerings, furthering our growth strategies and supporting our talent development objectives. The bonus may be reduced in the discretion of the Compensation Committee, after consultation with the Chairs of the Audit and Executive Committees of the Board of Directors, in accordance with the Company's 2006 Senior Executive Incentive Plan.
