Identification of Bonus Criteria under 2006 Senior Executive Incentive Plan for Iron Mountain President
Iron Mountain Incorporated's Compensation Committee has set the criteria for determining the annual bonus for the company's President under the 2006 Senior Executive Incentive Plan. The bonus will be based on achieving targets for gross revenue, operating income before depreciation and amortization (OIBDA), and other corporate goals, which include various organizational initiatives. The Compensation Committee may reduce the bonus at its discretion, after consulting with the Audit and Executive Committee Chairs, as outlined in the plan.
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 to the President of the Company 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) achievement of other corporate goals. The category “achievement of other corporate goals” includes various organizational initiatives of the Company. 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.
