Second Amendment to Iron Mountain Incorporated Directors Deferred Compensation Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document is a formal amendment to Iron Mountain Incorporated's Directors Deferred Compensation Plan. It clarifies that participants' elections regarding payment options can apply to both the form and timing of payments, subject to certain restrictions. All other terms of the plan remain unchanged, but the company retains the right to make further amendments in the future. The amendment was executed by Iron Mountain Incorporated on November 30, 2011.

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EX-10.5 6 irm20240930-ex105.htm EX-10.5 Document
EXHIBIT 10.5
IRON MOUNTAIN INCORPORATED
DIRECTORS DEFERRED COMPENSATION PLAN
______________________________________________
SECOND AMENDMENT
______________________________________________
Iron Mountain Incorporated (the “Company”) hereby amends the Iron Mountain Incorporated Directors Deferred Compensation Plan, as previously amended (the “Plan”).
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1.Section 6.1(c) of the Plan shall be clarified by adding the following new sentence at the end thereof.
An election made by a participant pursuant to the second sentence of Section 6.1(a) may apply to a choice as to the form of payment pursuant to this Section 6.1(c), as well as the commencement date of payment, subject to such restrictions as are specified in that sentence.
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2.Except as hereinabove specifically amended, all provisions of the Plan, as previously amended, shall continue in full force and effect; provided, however, that the Company hereby reserves the power from time to time to further amend the Plan.
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IN WITNESS WHEREOF, the Company has caused this Second Amendment to be executed in its name and on its behalf this 30th of November, 2011.
IRON MOUNTAIN INCORPORATED
By:    /s/ Anne Drapeau            


{B1355666; 1}
4835-2233-9053, v.1