EXHIBIT 10.3

IRON MOUNTAIN INCORPORATED
EXECUTIVE DEFERRED COMPENSATION PLAN

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FIRST AMENDMENT

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Iron Mountain Incorporated (the “Company”) hereby amends the Iron Mountain
Incorporated Executive Deferred Compensation Plan (the “Plan”).

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1.             SECTION 10.6 OF THE PLAN SHALL BE DELETED IN ITS ENTIRETY AND IN
ITS PLACE SHALL BE SUBSTITUTED THE FOLLOWING:

10.6         [Reserved]

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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 First Amendment to the Plan to
be executed in its name and on its behalf this _____ day of __________, 2004.

IRON MOUNTAIN INCORPORATED

 

 

 

 

By:

/s/ Garry B. Watzke

 

 

 

 

 

    Garry B. Watzke, Vice President
    and General Counsel

 

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