Document:

Exhibit 10.35

 

IRON MOUNTAIN INCORPORATED

Compensation Plan for Non-Employee Directors

 

	
Restatement   Date
    	
 
    	
As   of January 1, 2013
    
	
 
    	
 
    	
 
    
	
Eligibility
    	
 
    	
All   non-employee Directors
    
	
 
    	
 
    	
 
    
	
Annual   Board Retainer
    	
 
    	
$70,000   per year; paid in advance in quarterly installments
    
	
 
    	
 
    	
 
    
	
Annual   Committee Retainers
    	
 
    	
In   addition to the Annual Board Retainer, a $10,000 per year retainer for   members of the Audit Committee, a $7,500 per year retainer for members of the   Compensation Committee, Strategic Planning and Capital Allocation or   Nominating and Governance Committees; in each case paid in advance in   quarterly installments.
    
	
 
    	
 
    	
 
    
	
Annual   Chair Retainers
    	
 
    	
In   addition to the Annual Board Retainer and any Annual Committee Retainers, a   $15,000 per year retainer for acting as Chair of the Audit Committee; a   $10,000 per year retainer for acting as Chair of the Compensation Committee,   an $8,000 per year retainer for acting as the Chair of the Strategic Planning   and Capital Allocation or Nominating and Governance Committees; and a $25,000   per year retainer for acting as the Lead Independent Director or a $100,000   per year retainer for acting as the Independent Chairman of the Board, as the   case may be; in each case paid in advance in quarterly installments
    
	
 
    	
 
    	
 
    
	
Pro Rata Portion of Retainers
    	
 
    	
A   non-employee Director shall be entitled to retain the portion of the Annual,   Committee and Chair Retainers (as applicable) paid with respect to the   quarter in which he or she ceases to be a non-employee Director or serve on a   Committee or as a Committee Chair or Lead Independent Director or Independent   Chairman, but shall not be entitled to any further portion of the Retainer(s)
    
	
 
    	
 
    	
 
    
	
Meeting   Expenses
    	
 
    	
Reimbursement   for all normal travel expenses to attend meetings; reimbursements due shall   be paid promptly after the end of each quarter, subject to timely receipt of   each director’s expense documentation
    
	
 
    	
 
    	
 
    
	
Group   Insurance Benefits
    	
 
    	
Iron   Mountain’s group medical and dental benefits (single or family) are available   to non-employee Directors, but they must pay the current employee   contribution rate in effect for such coverage; group life, AD&D, STD and   LTD coverage are not available to non-employee Directors
    
	
 
    	
 
    	
 
    
	
Amount   of Stock Grant
    	
 
    	
A   stock grant in the form of restricted stock units will be made of that number   of whole shares of Iron Mountain Incorporated common stock determined by   dividing $135,000 by the stock’s “fair market value” (as determined under the   Iron Mountain Incorporated 2002 Stock Incentive Plan) on the date of grant
    
	
 
    	
 
    	
 
    
	
Timing   of Stock Grants
    	
 
    	
To   be made annually to all non-employee Directors as of the first Board meeting   following the annual meeting of stockholders;
    

 

 

	
 
    	
 
    	
newly   elected non-employee Directors receive a pro-rated   grant on the date of their election or appointment to the Board
    
	
 
    	
 
    	
 
    
	
Vesting   of Stock Grants
    	
 
    	
100%   on the one year anniversary of grant (or, if earlier, the annual meeting of   stockholders that is closest to the one year anniversary)
    
	
 
    	
 
    	
 
    
	
Purchase   Price of Stock Grants
    	
 
    	
$0.01
    
	
 
    	
 
    	
 
    
	
Restrictions   on Transfer of Common Stock
    	
 
    	
None   once vested; prior to vesting transfer is subject to restrictions set forth   in the Iron Mountain Incorporated 2002 Stock Incentive Plan
    
	
 
    	
 
    	
 
    
	
SEC   Considerations
    	
 
    	
Grants   will generally be made under the Iron Mountain Incorporated 2002 Stock Incentive   Plan, the shares of each of which are registered on Form S-8; insider   trading restrictions and short-swing profit rules of the Securities   Exchange Act of 1934 apply
    
	
 
    	
 
    	
 
    
	
Taxation   of Stock Grants
    	
 
    	
Non-employee   Directors pay ordinary income tax (and SECA tax) at time of vesting, which   (except as described below) will also coincide with the delivery of shares,   on the fair market value of the shares on date of vesting; Iron Mountain   receives a corresponding tax deduction at that time
    
	
 
    	
 
    	
 
    
	
Election   to Defer Retainers
    	
 
    	
Non-employee   Directors may elect to defer some or all of their Retainer fees paid in cash   under the Iron Mountain Incorporated Directors Deferred Compensation Plan;   deferrals will be invested in phantom shares equal in value to Iron Mountain   common stock; deferral elections must be made by December 31 of the year   prior to the year in which the fees are earned (or within 30 days of becoming   eligible for the Plan); amounts will be subject to ordinary income tax when   distributed (at a time elected by the non-employee Director)
    
	
 
    	
 
    	
 
    
	
Election   to Defer Stock Grants
    	
 
    	
Non-employee   Directors may elect to defer some or all of their stock grant under the Iron   Mountain Incorporated Directors Deferred Compensation Plan; at vesting, the   Director’s account will be credited with a number of phantom shares equal to   the number of shares that would otherwise have been delivered; deferral   elections must be made by December 31 of the year prior to the year in   which the grant is made (or within 30 days of becoming eligible for the   Plan); amounts will be subject to ordinary income tax when distributed (at a   time elected by the non-employee Director)
    
	
 
    	
 
    	
 
    
	
Adopted:  December 13, 2012
    	
 
    	
 
    

 

2Exhibit 10.39

 

THE IRON MOUNTAIN COMPANIES SEVERANCE PLAN

SEVERANCE PROGRAM NO. 1

 

 

FIRST AMENDMENT

 

 

The Compensation Committee of the Board of Directors of Iron Mountain Incorporated (the “Company”) hereby amends The Iron Mountain Companies Severance Plan Severance Program No. 1 (the “Program”), effective immediately.

 

*   *   *   *   *

 

1.                                      Section 3.3 of the Program shall be amended by adding the following sentence at the end of the first paragraph thereof.

 

Notwithstanding the provisions of any Performance Unit Agreement to the contrary (including, without limitation, the last sentence of the first paragraph of Section 3 of Performance Unit Agreement Version 1), vesting acceleration of an Earned Performance Unit hereunder shall not accelerate the date on which the Underlying Shares (as defined in the Performance Unit Agreement) shall be delivered, which date shall remain the initially established Vesting Date (as defined in the Performance Unit Agreement).

 

*   *   *   *   *

 

2.                                      Section 3.4(b) of the Program shall be amended in its entirety as follows.

 

(b)                                 Severance Pay will be paid in equal installments over the Severance Period in accordance with the Covered Employee’s regular payroll intervals prior to the Qualifying Termination and will be subject to applicable withholding.  Payments will commence as of the first regular payroll date following the Qualifying Termination; provided, however, that the applicable revocation period under a Separation and Release Agreement has expired before any payment and within the sixty-day period following Qualifying Termination; and provided, further, that to the extent Section 409A of the Code applies to a payment within the sixty-day period following a Qualifying Termination, such payment(s) will be deferred and paid in a lump sum on the sixtieth day following a Qualifying Termination.  Iron Mountain may also deduct any amounts owed by the Covered Employee to the extent permitted by applicable law.

 

*   *   *   *   *

 

3.                                      Except as hereinabove specifically amended, all provisions of the Program shall continue in full force and effect; provided, however, that the Compensation Committee of the Board of Directors of the Company hereby reserves the power from time to time to further amend the Program.QuickLinks
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  Exhibit 10.12    
    

 
 

  Axcelis Technologies, Inc.
  Named Executive Officer Base Compensation at March 1, 2013    
    

        This Exhibit discloses the current understandings with respect to base compensation between Axcelis Technologies, Inc. (the
"Company") and each of:

	•
	the Company's principal executive officer (Mary G. Puma), 

	•
	the Company's principal financial officer (Jay Zager), and 

	•
	the three most highly compensated other executive officers serving as executive officers at December 31, 2012. 

        These
executive officers are referred to herein as "named executive officers" or "NEOs." 

        Other
than in the case of Mary G. Puma, the Company has not entered into any written agreements with its named executive officers addressing the amount of base salary due to the
executive. The Company's Amended and Restated Employment Agreement with Ms. Puma ("Puma Employment Agreement") is listed as an Exhibit to this Form 10-K (incorporated by
reference to Exhibit 10.3 to the Company's Form 10-Q for the quarter ended September 30, 2007 filed on November 8, 2007). 

        The
Company maintains that all executive officers, other than Ms. Puma, are employees at will and that the Company has no obligation to continue their employment, other in cases
where such obligation arises under the Change of Control Agreements described in our Proxy Statement and filed as an Exhibit to this Form 10-K. 

 Rate of Base Pay  

        In the course of the employment relationship with each NEO, the Company communicates to the named executive officer the amount of base
salary approved by the Compensation Committee of the Board of Directors, which compensation is subject to change in the discretion of the Compensation Committee of the Board of Directors (provided
Ms. Puma's employment agreement sets a minimum base pay amount). The following table sets forth the annual base salary as communicated to the named executive officers of the Company as in
effect on March 1, 2013, which are subject to reductions discussed below: 

 

							
	Named Executive Officer

 
	 	Title 	 	Rate of Annual

Base Pay Prior to

Reductions 	 
	 Mary G. Puma
	 	President and Chief Executive Officer	 	$	550,000	 
	 Jay Zager
	 	Executive VP and Chief Financial Officer	 	$	350,000	 
	 William Bintz
	 	Executive VP, Product Development, Engineering and Marketing	 	$	320,000	 
	 Kevin Brewer
	 	Executive VP, Global Operations	 	$	330,000	 
	 Lynnette C. Fallon
	 	Executive VP HR/Legal and General Counsel	 	$	320,000	 

 

  Reductions to Base Pay in 2013  

        In lieu of $125,000 of base pay in 2013, Ms. Puma agreed to receive a restricted stock unit grant for 147,637 shares which will
vest quarterly on March 15, 2013, June 15, 2013, September 15, 2013 and December 15, 2013, assuming continuation of employment. 

        In
lieu of $32,000 of base pay in 2013, Mr. Bintz agreed to receive a restricted stock unit grant for 37,795 shares which will vest quarterly on March 15, 2013,
June 15, 2013, September 15, 2013 and December 15, 2013, assuming continuation of employment. 

        All
of the executive officers are expected to participate in unpaid shutdown weeks announced by the Company in 2013, one of which occurred prior to March 1, 2013. Each unpaid
shutdown week will reduce the executive's base pay by approximately 2%. 

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Exhibit 10.12

Axcelis Technologies, Inc. Named Executive Officer Base Compensation at March 1, 2013

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