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Exhibit 10.6    
    

STRATIFY, INC.  

 1999 STOCK PLAN  

ADOPTED DECEMBER 17, 1999
AMENDED AND RESTATED JULY 17, 2000
AMENDED AND RESTATED SEPTEMBER 8, 2000
AMENDED AND
RESTATED FEBRUARY 6, 2001
AMENDED AND RESTATED SEPTEMBER 26, 2003
AMENDED AND RESTATED OCTOBER 23, 2007
  

 

 

 
 

TABLE OF CONTENTS    
    

	 
	 	Page No.

	SECTION 1. ESTABLISHMENT AND PURPOSE	 	1
	

SECTION 2. ADMINISTRATION	
 	

1
	 	
 (a) Committees of the Board of Directors	
 	

1
	 	(b) Authority of the Board of Directors	 	1
	

SECTION 3. ELIGIBILITY	
 	

1
	 	
 (a) General Rule	
 	

1
	 	(b) Ten-Percent Stockholders	 	1
	

SECTION 4. STOCK SUBJECT TO PLAN	
 	

1
	 	
 (a) Basic Limitation	
 	

1
	 	(b) Additional Shares	 	2
	

SECTION 5. TERMS AND CONDITIONS OF AWARDS OR SALES	
 	

2
	 	
 (a) Stock Purchase Agreement	
 	

2
	 	(b) Duration of Offers and Nontransferability of Rights	 	2
	 	(c) Purchase Price	 	2
	 	(d) Withholding Taxes	 	2
	 	(e) Restrictions on Transfer of Shares and Minimum Vesting	 	2
	

SECTION 6. TERMS AND CONDITIONS OF OPTIONS	
 	

2
	 	
 (a) Stock Option Agreement	
 	

2
	 	(b) Number of Shares	 	3
	 	(c) Exercise Price	 	3
	 	(d) Exercisability	 	3
	 	(e) Basic Term	 	3
	 	(f) Termination of Service (Except by Death)	 	3
	 	(g) Leaves of Absence	 	3
	 	(h) Death of Optionee	 	4
	 	(i) Restrictions on Transfer of Shares and Minimum Vesting	 	4
	 	(j) Transferability of Options	 	4
	 	(k) Withholding Taxes	 	4
	 	(l) No Rights as a Stockholder	 	4
	 	(m) Modification, Extension and Assumption of Options	 	5
	

SECTION 7. PAYMENT FOR SHARES	
 	

5
	 	
 (a) General Rule	
 	

5
	 	(b) Surrender of Stock	 	5
	 	(c) Services Rendered	 	5
	 	(d) Promissory Note	 	5
	 	(e) Exercise/Sale	 	5
	 	(f) Exercise/Pledge	 	5
	

SECTION 8. ADJUSTMENT OF SHARES	
 	

6
	 	
 (a) General	
 	

6
	 	(b) Mergers and Consolidations	 	6
	 	(c) Reservation of Rights	 	7

i

 

	

SECTION 9. SECURITIES LAW REQUIREMENTS	
 	

7
	 	
 (a) General	
 	

7
	 	(b) Financial Reports	 	7
	

SECTION 10. NO RETENTION RIGHTS	
 	

7
	

SECTION 11. DURATION AND AMENDMENTS	
 	

7
	 	
 (a) Term of the Plan	
 	

7
	 	(b) Right to Amend or Terminate the Plan	 	8
	 	(c) Effect of Amendment or Termination	 	8
	

SECTION 12. DEFINITIONS	
 	

8

ii

  STRATIFY, INC. 1999 STOCK PLAN

SECTION 1. ESTABLISHMENT AND PURPOSE.  

        The purpose of the Plan is to offer selected persons an opportunity to acquire a proprietary interest in the success of the Company, or to increase such interest,
by purchasing Shares of the Company's Stock. The Plan provides both for the direct award or sale of Shares and for the grant of Options to purchase Shares. Options granted under the Plan may include
Nonstatutory Options as well as ISOs intended to qualify under Section 422 of the Code. 

        Capitalized
terms are defined in Section 12. 

SECTION 2. ADMINISTRATION.  

        (a)    Committees of the Board of Directors.    The Plan may be administered by one or more Committees. Each Committee
shall consist of one or more members of the Board of Directors who have been appointed by the Board of Directors. Each Committee shall have such authority and be responsible for such functions as the
Board of Directors has assigned to it. If no Committee has been appointed, the entire Board of Directors shall administer the Plan. Any reference to the Board of Directors in the Plan shall be
construed as a reference to the Committee (if any) to whom the Board of Directors has assigned a particular function. 

        (b)    Authority of the Board of Directors.    Subject to the provisions of the Plan, the Board of Directors shall
have full authority and discretion to take any actions it deems necessary or advisable for the administration of the Plan. All decisions, interpretations and other actions of the Board of Directors
shall be final and binding on all Purchasers, all Optionees and all persons deriving their rights from a Purchaser or Optionee. 

SECTION 3. ELIGIBILITY.  

        (a)    General Rule.    Only Employees, Outside Directors and Consultants shall be eligible for the grant of
Nonstatutory Options or the direct award or sale of Shares. Only Employees shall be eligible for the grant of ISOs. 

        (b)    Ten-Percent Stockholders.    A person who owns more than 10% of the total combined voting power of
all classes of outstanding stock of the Company, its Parent or any of its Subsidiaries shall not be eligible for designation as an Optionee or Purchaser unless (i) the Exercise Price is at
least 110% of the Fair Market Value of a Share on the date of grant, (ii) the Purchase Price (if any) is at least 100% of the Fair Market Value of a Share and (iii) in the case of an
ISO, such ISO by its terms is not exercisable after the expiration of five years from the date of grant. For purposes of this Subsection (b), in determining stock ownership, the attribution
rules of Section 424(d) of the Code shall be applied. 

SECTION 4. STOCK SUBJECT TO PLAN.  

        (a)    Basic Limitation.    Not more than 2,310,846 Shares may be issued under the Plan (subject to
Subsection (b) below and Section 8).(1) The number of Shares that are subject to Options or other rights outstanding at any time under the Plan shall not exceed the number of Shares that
then remain available for issuance under the Plan. The Company, during the term of the Plan, shall at all times reserve and keep available sufficient Shares to satisfy the requirements of the Plan.
Shares offered under the Plan may be authorized but unissued Shares or treasury Shares. 

	(1)
	Reflects
three-for-one stock split effective February 29, 2000; increase from 8,400,000 Shares to 12,500,000 Shares approved by Board of Directors on
September 8, 2000; increase from 12,500,000 Shares to 17,920,000 Shares approved by Board of Directors on February 6, 2001; one-for-365 reverse stock split
effective July 2, 2003; and increase from 49,095 Shares to 2,310,846 Shares approved by Board of Directors on September 26, 2003. 

 

        (b)    Additional Shares.    In the event that Shares previously issued under the Plan are reacquired by the Company,
such Shares shall be added to the number of Shares then available for issuance under the Plan. In the event that an outstanding Option or other right for any reason expires or is canceled, the Shares
allocable to the unexercised portion of such Option or other right shall be added to the number of Shares then available for issuance under the Plan. 

SECTION 5. TERMS AND CONDITIONS OF AWARDS OR SALES.  

        (a)    Stock Purchase Agreement.    Each award or sale of Shares under the Plan (other than upon exercise of an
Option) shall be evidenced by a Stock Purchase Agreement between the Purchaser and the Company. Such award or sale shall be subject to all applicable terms and conditions of the Plan and
may be subject to any other terms and conditions which are not inconsistent with the Plan and which the Board of Directors deems appropriate for inclusion in a Stock Purchase Agreement. The provisions
of the various Stock Purchase Agreements entered into under the Plan need not be identical. 

        (b)    Duration of Offers and Nontransferability of Rights.    Any right to acquire Shares under the Plan (other than
an Option) shall automatically expire if not exercised by the Purchaser within 30 days after the grant of such right was communicated to the Purchaser by the Company. Such right shall not be
transferable and shall be exercisable only by the Purchaser to whom such right was granted. 

        (c)    Purchase Price.    The Purchase Price of Shares to be offered under the Plan shall not be less than 85% of the
Fair Market Value of such Shares, and a higher percentage may be required by Section 3(b). Subject to the preceding sentence, the Board of Directors shall determine the Purchase Price at its
sole discretion. The Purchase Price shall be payable in a form described in Section 7. 

        (d)    Taxes.    As a condition to the purchase of Shares, the Purchaser shall make such arrangements as the Board of
Directors may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such purchase, and also make arrangements to comply
with the provisions of Section 8 of this Plan. 

        (e)    Restrictions on Transfer of Shares and Minimum Vesting.    Any Shares awarded or sold under the Plan shall be
subject to such special forfeiture conditions, rights of repurchase, rights of first refusal and other transfer restrictions as the Board of Directors may determine. Such restrictions shall be set
forth in the applicable Stock Purchase Agreement and shall apply in addition to any restrictions that may apply to holders of Shares generally. In the case of a Purchaser who is not an officer of the
Company, an Outside Director or a Consultant: 

          (i)  Any
right to repurchase the Purchaser's Shares at the original Purchase Price (if any) upon termination of the Purchaser's Service shall lapse at least as rapidly as
20% per year over the five-year period commencing on the date of the award or sale of the Shares; 

         (ii)  Any
such right may be exercised only for cash or for cancellation of indebtedness incurred in purchasing the Shares; and 

        (iii)  Any
such right may be exercised only within 90 days after the termination of the Purchaser's Service. 

SECTION 6. TERMS AND CONDITIONS OF OPTIONS.  

        (a)    Stock Option Agreement.    Each grant of an Option under the Plan shall be evidenced by a Stock Option
Agreement between the Optionee and the Company. The Option shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions which are not
inconsistent with the Plan and which the Board of Directors deems appropriate for inclusion in a Stock Option Agreement. The provisions of the various Stock Option Agreements entered into under the
Plan need not be identical. 

2

 

        (b)    Number of Shares.    Each Stock Option Agreement shall specify the number of Shares that are subject to the
Option and shall provide for the adjustment of such number in accordance with Section 8. The Stock Option Agreement shall also specify whether the Option is an ISO or a Nonstatutory Option. 

        (c)    Exercise Price.    Each Stock Option Agreement shall specify the Exercise Price. The Exercise Price of an ISO
shall not be less than 100% of the Fair Market Value of a Share on the date of grant, and a higher percentage may be required by Section 3(b). The Exercise Price of a Nonstatutory Option shall
not be less than 85% of the Fair Market Value of a Share on the date of grant, and a higher percentage may be required by Section 3(b). Subject to the preceding two sentences, the Exercise
Price under any Option shall be determined by the Board of Directors at its sole discretion. The Exercise Price shall be payable in a form described in Section 7. 

        (d)    Exercisability.    Each Stock Option Agreement shall specify the date when all or any installment of the Option
is to become exercisable. No Option shall be exercisable unless the Optionee has delivered an executed copy of the Stock Option Agreement to the Company. In the case of an Optionee who is not an
officer of the Company, an Outside Director or a Consultant, an Option shall become exercisable at least as rapidly as 20% per year over the five-year period commencing on the date of
grant. Subject to the preceding sentence, the Board of Directors shall determine the exercisability provisions of the Stock Option Agreement at its sole discretion. All of an Optionee's Options shall
become exercisable in full if Section 8(b)(iv) applies. 

        (e)    Basic Term.    The Stock Option Agreement shall specify the term of the Option. The term shall not exceed
10 years from the date of grant, and a shorter term may be required by Section 3(b). Subject to the preceding sentence, the Board of Directors at its sole discretion shall determine when
an Option is to expire. 

        (f)    Termination of Service (Except by Death).    If an Optionee's Service terminates for any reason other than the
Optionee's death, then the Optionee's Options shall expire on the earliest of the following occasions: 

          (i)  The
expiration date determined pursuant to Subsection (e) above; 

         (ii)  The
date three months after the termination of the Optionee's Service for any reason other than Disability, or such later date as the Board of Directors may determine;
or 

        (iii)  The
date six months after the termination of the Optionee's Service by reason of Disability, or such later date as the Board of Directors may determine. 

        The
Optionee may exercise all or part of the Optionee's Options at any time before the expiration of such Options under the preceding sentence, but only to the extent that such Options
had become exercisable before the Optionee's Service terminated (or became exercisable as a result of the termination) and the underlying Shares had vested before the Optionee's Service terminated (or
vested as a result of the termination). The balance of such Options shall lapse when the Optionee's Service terminates. In the event that the Optionee dies after the termination of the Optionee's
Service but before the expiration of the Optionee's Options, all or part of such Options may be exercised (prior to expiration) by the executors or administrators of the Optionee's estate or by any
person who has acquired such Options directly from the Optionee by beneficiary designation, bequest or inheritance, but only to the extent that such Options had become exercisable before the
Optionee's Service terminated (or became exercisable as a result of the termination) and the underlying Shares had vested before the Optionee's Service terminated (or vested as a result of the
termination). 

        (g)    Leaves of Absence.    For purposes of Subsection (f) above, Service shall be deemed to continue while
the Optionee is on a bona fide leave of absence, if such leave was approved by the 

3

 

Company
in writing and if continued crediting of Service for this purpose is expressly required by the terms of such leave or by applicable law (as determined by the Company). 

        (h)    Death of Optionee.    If an Optionee dies while the Optionee is in Service, then the Optionee's Options shall
expire on the earlier of the following dates: 

          (i)  The
expiration date determined pursuant to Subsection (e) above; or 

         (ii)  The
date 12 months after the Optionee's death, or such later date as the Board of Directors may determine. 

        All
or part of the Optionee's Options may be exercised at any time before the expiration of such Options under the preceding sentence by the executors or administrators of the Optionee's
estate or by any person who has acquired such Options directly from the Optionee by beneficiary designation, bequest or inheritance, but only to the extent that such Options had become exercisable
before the Optionee's death (or became exercisable as a result of the death) and the underlying Shares had vested before the Optionee's death (or vested as a result of the Optionee's death). The
balance of such Options shall lapse when the Optionee dies. 

        (i)    Restrictions on Transfer of Shares and Minimum Vesting.    Any Shares issued upon exercise of an Option shall
be subject to such special forfeiture conditions, rights of repurchase, rights of first refusal and other transfer restrictions as the Board of Directors may determine. Such restrictions shall be set
forth in the applicable Stock Option Agreement and shall apply in addition to any restrictions that may apply to holders of Shares generally. In the case of an Optionee who is not an officer of the
Company, an Outside Director or a Consultant: 

          (i)  Any
right to repurchase the Optionee's Shares at the original Exercise Price upon termination of the Optionee's Service shall lapse at least as rapidly as 20% per year
over the five-year period commencing on the date of the option grant; 

         (ii)  Any
such right may be exercised only for cash or for cancellation of indebtedness incurred in purchasing the Shares; and 

        (iii)  Any
such right may be exercised only within 90 days after the later of (A) the termination of the Optionee's Service or (B) the date of the option
exercise. 

        (j)    Transferability of Options.    An Option shall be transferable by the Optionee only by (i) a beneficiary
designation, (ii) a will or (iii) the laws of descent and distribution, except as provided in the next sentence. If the applicable Stock Option Agreement so provides, a Nonstatutory
Option shall also be transferable by gift or domestic relations order to a Family Member of the Optionee. An ISO may be exercised during the lifetime of the Optionee only by the Optionee or by the
Optionee's guardian or legal representative. 

        (k)    Withholding Taxes.    As a condition to the exercise of an Option, the Optionee shall make such arrangements as
the Board of Directors may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such exercise. The Optionee shall
also make such arrangements as the Board of Directors may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with the
disposition of Shares acquired by exercising an Option, and also make arrangements to comply with the provisions of Section 8 of this Plan. 

        (l)    No Rights as a Stockholder.    An Optionee, or a transferee of an Optionee, shall have no rights as a
stockholder with respect to any Shares covered by the Optionee's Option until such person becomes entitled to receive such Shares by filing a notice of exercise and paying the Exercise Price pursuant
to the terms of such Option. 

4

 

        (m)    Modification, Extension and Assumption of Options.    Within the limitations of the Plan, the Board of
Directors may modify, extend or assume outstanding Options or may accept the cancellation of outstanding Options (whether granted by the Company or another issuer) in return for the grant of new
Options for the same or a different number of Shares and at the same or a different Exercise Price. The foregoing notwithstanding, no modification of an Option shall, without the consent of the
Optionee, impair the Optionee's rights or increase the Optionee's obligations under such Option. 

SECTION 7. PAYMENT FOR SHARES.  

        (a)    General Rule.    The entire Purchase Price or Exercise Price of Shares issued under the Plan shall be payable
in cash or cash equivalents at the time when such Shares are purchased, except as otherwise provided in this Section 7. 

        (b)    Surrender of Stock.    At the discretion of the Board of Directors, all or any part of the Exercise Price may
be paid by surrendering, or attesting to the ownership of, Shares that are already owned by the Optionee. Such Shares shall be surrendered to the Company in good form for transfer and shall be valued
at their Fair Market Value on the date when the Option is exercised. The Optionee shall not surrender, or attest to the ownership of, Shares in payment of the Exercise Price if such action would cause
the Company to recognize compensation expense (or additional compensation expense) with respect to the Option for financial reporting purposes. 

        (c)    Services Rendered.    At the discretion of the Board of Directors, Shares may be awarded under the Plan in
consideration of services rendered to the Company, a Parent or a Subsidiary prior to the award. 

        (d)    Promissory Note.    At the discretion of the Board of Directors, all or a portion of the Exercise Price or
Purchase Price (as the case may be) of Shares issued under the Plan may be paid with a full-recourse promissory note. However, the par value of the Shares, if newly issued, shall be paid
in cash or cash equivalents. The Shares shall be pledged as security for payment of the principal amount of the promissory note and interest thereon. The interest rate payable under the terms of the
promissory note shall not be less than the minimum rate (if any) required to avoid the imputation of additional interest under the Code. Subject to the foregoing, the Board of Directors (at its sole
discretion) shall specify the term, interest rate, amortization requirements (if any) and other provisions of such note. 

        (e)    Exercise/Sale.    To the extent that a Stock Option Agreement so provides, and if Stock is publicly traded,
payment may be made all or in part by the delivery (on a form prescribed by the Company) of an irrevocable direction to a securities broker approved by the Company to sell Shares and to deliver all or
part of the sales proceeds to the Company in payment of all or part of the Exercise Price and any withholding taxes. 

        (f)    Exercise/Pledge.    To the extent that a Stock Option Agreement so provides, and if Stock is publicly traded,
payment may be made all or in part by the delivery (on a form prescribed by the Company) of an irrevocable direction to pledge Shares to a securities broker or lender approved by the Company, as
security for a loan, and to deliver all or part of the loan proceeds to the Company in payment of all or part of the Exercise Price and any withholding taxes. 

SECTION 8. PAYMENT FOR APPLICABLE TAXES  

        (a)   As
a condition of the exercise of an Option or purchase of Shares granted under this Plan, the Optionee (or in the case of the Optionee's death, the person exercising
the Option) shall make such arrangements as the Committee may require for the satisfaction of any Applicable Taxes that may arise in connection with the grant, vesting or exercise of the Option and
the issuance of Shares, or the purchase of Shares. The Company shall not be required to issue any Shares under the Plan until such 

5

 

obligations
are satisfied. If the Committee allows the withholding or surrender of Shares to satisfy an Optionee's tax obligations under this Section 8 (whether pursuant to Section 8(c),
(d) or (e), or otherwise), the Committee shall not allow Shares to be withheld in an amount that exceeds the minimum Applicable Taxes. 

        (b)   In
the case of an Employee and in the absence of any other arrangement, the Employee shall be deemed to have directed the Company or a Parent or Subsidiary of the
Company to withhold or collect from his or her compensation an amount sufficient to satisfy such tax obligations from the next payroll payment otherwise payable after the date of an exercise of the
Option or purchase of Shares. 

        (c)   In
the case of Optionee other than an Employee (or in the case of an Employee where the next payroll payment is not sufficient to satisfy such tax obligations, with
respect to any remaining tax obligations), in the absence of any other arrangement and to the extent permitted under the Applicable Laws, the Participant shall be deemed to have elected to have the
Company or its Parent or Subsidiary to withhold from the Shares to be issued that number of Shares having a Fair Market Value determined as of the applicable Tax Date (as defined below) equal to the
amount required for payment of Applicable Taxes. For purposes of this Section 8, the Fair Market Value of the Shares to be withheld shall be determined on the date that the amount of tax to be
withheld is to be determined under the Applicable Laws (the "Tax Date"). 

SECTION 9. ADJUSTMENT OF SHARES.  

        (a)    General.    In the event of a subdivision of the outstanding Stock, a declaration of a dividend payable in
Shares or a combination or consolidation of the outstanding Stock into a lesser number of Shares, corresponding adjustments shall automatically be made in each of (i) the number of Shares
available for future grants under Section 4, (ii) the number of Shares covered by each outstanding Option and (iii) the Exercise Price under each outstanding Option. In the event
of a declaration of an extraordinary dividend payable in a form other than Shares in an amount that has a material effect on the Fair Market Value of the Stock, a recapitalization, a
spin-off, a reclassification or a similar occurrence, the Board of Directors at its sole discretion may make appropriate adjustments in one or more of (i) the number of Shares
available for future grants under Section 4, (ii) the number of Shares covered by each outstanding Option or (iii) the Exercise Price under each outstanding Option. 

        (b)    Mergers and Consolidations.    In the event that the Company is a party to a merger or consolidation, all
outstanding Options shall be subject to the agreement of merger or consolidation. Such agreement shall provide for one or more of the following: 

          (i)  The
continuation of such outstanding Options by the Company (if the Company is the surviving corporation). 

         (ii)  The
assumption of such outstanding Options by the surviving corporation or its parent in a manner that complies with Section 424(a) of the Code (whether or not
such Options are ISOs). 

        (iii)  The
substitution by the surviving corporation or its parent of new options for such outstanding Options in a manner that complies with Section 424(a) of the
Code (whether or not such Options are ISOs). 

        (iv)  Full
exercisability of such outstanding Options and full vesting of the Shares subject to such Options, followed by the cancellation of such Options. The full
exercisability of such Options and full vesting of the Shares subject to such Options may be contingent on the closing of such merger or consolidation. The Optionees shall be able to exercise such
Options during a period of not less than five full business days preceding the closing date of such merger or consolidation, unless the Board of Directors determines in good faith that (A) a
shorter period is required to permit a timely closing of such merger or consolidation and (B) such shorter period still offers the 

6

 

Optionees
a reasonable opportunity to exercise such Options. Any exercise of such Options during such period may be contingent on the closing of such merger or consolidation. 

         (v)  The
cancellation of such outstanding Options and a payment to the Optionees equal to the excess of (A) the Fair Market Value of the Shares subject to such Options
(whether or not such Options are then exercisable or such Shares are then vested) as of the closing date of such merger or consolidation over (B) their Exercise Price. Such payment shall be
made in the form of cash, cash equivalents, or securities of the surviving corporation or its parent with a Fair Market Value equal to the required amount. Such payment may be made in installments and
may be deferred until the date or dates when such Options would have become exercisable or such Shares would have vested. Such payment may be subject to vesting based on the Optionee's continuing
Service, provided that the vesting schedule shall not be less favorable to the Optionees than the schedule under which such Options would have become exercisable or such Shares would have vested. If
the Exercise Price of the Shares subject to such Options exceeds the Fair Market Value of such Shares, then such Options may be cancelled without making a payment to the Optionees. For purposes of
this Paragraph (v), the Fair Market Value of any security shall be determined without regard to any vesting conditions that may apply to such security. 

        (c)    Reservation of Rights.    Except as provided in this Section 8, an Optionee or Purchaser shall have no
rights by reason of (i) any subdivision or consolidation of shares of stock of any class, (ii) the payment of any dividend or (iii) any other increase or decrease in the number of
shares of stock of any class. Any issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall not affect, and no adjustment by reason
thereof shall be made with respect to, the number or Exercise Price of Shares subject to an Option. The grant of an Option pursuant to the Plan shall not affect in any way the right or power of the
Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, to merge or consolidate or to dissolve, liquidate, sell or transfer all or any part of
its business or assets. 

SECTION 10. SECURITIES LAW REQUIREMENTS.  

        (a)    General.    Shares shall not be issued under the Plan unless the issuance and delivery of such Shares comply
with (or are exempt from) all applicable requirements of law, including (without limitation) the Securities Act of 1933, as amended, the rules and regulations promulgated thereunder, state securities
laws and regulations, and the regulations of any stock exchange or other securities market on which the Company's securities may then be traded. 

        (b)    Financial Reports.    The Company each year shall furnish to Optionees, Purchasers and stockholders who have
received Stock under the Plan its balance sheet and income statement, unless such Optionees, Purchasers or stockholders are key Employees whose duties with the Company assure them access to equivalent
information. Such balance sheet and income statement need not be audited. 

SECTION 11. NO RETENTION RIGHTS.  

        Nothing in the Plan or in any right or Option granted under the Plan shall confer upon the Purchaser or Optionee any right to continue in Service for any period
of specific duration or interfere with or otherwise restrict in any way the rights of the Company (or any Parent or Subsidiary employing or retaining the Purchaser or Optionee) or of the Purchaser or
Optionee, which rights are hereby expressly reserved by each, to terminate his or her Service at any time and for any reason, with or without cause. 

SECTION 12. DURATION AND AMENDMENTS.  

        (a)    Term of the Plan.    The Plan, as set forth herein, shall become effective on the date of its adoption by the
Board of Directors, subject to the approval of the Company's stockholders. If the 

7

 

stockholders
fail to approve the Plan within 12 months after its adoption by the Board of Directors, then any grants, exercises or sales that have already occurred under the Plan shall be
rescinded and no additional grants, exercises or sales shall thereafter be made under the Plan. The Plan shall terminate automatically 10 years after the later of (i) its adoption by the
Board of Directors or (ii) the most recent increase in the number of Shares reserved under Section 4 that was approved by the Company's stockholders. The Plan may be terminated on any
earlier date pursuant to Subsection (b) below. 

        (b)    Right to Amend or Terminate the Plan.    The Board of Directors may amend, suspend or terminate the Plan at any
time and for any reason; provided, however, that any amendment of the Plan shall be subject to the approval of the Company's stockholders if it (i) increases the number of Shares available for
issuance under the Plan (except as provided in Section 8) or (ii) materially changes the class of persons who are eligible for the grant of ISOs. Stockholder approval shall not be
required for any other amendment of the Plan. If the stockholders fail to approve an increase in the number of Shares reserved under Section 4 within 12 months after its adoption by the
Board of Directors, then any grants, exercises or sales that have already occurred in reliance on such increase shall be rescinded and no additional grants, exercises or sales shall thereafter be made
in reliance on such increase. 

        (c)    Effect of Amendment or Termination.    No Shares shall be issued or sold under the Plan after the termination
thereof, except upon exercise of an Option granted prior to such termination. The termination of the Plan, or any amendment thereof, shall not affect any Share previously issued or any Option
previously granted under the Plan. 

SECTION 13. DEFINITIONS.  

        (a)   "Applicable Laws" means the legal requirements relating to the administration of share option and share purchase plans,
including under applicable Indian, U.S. state corporate laws, U.S. federal and applicable state securities laws, other U.S. federal and state laws, any Stock Exchange rules or regulations and the
applicable laws, rules and regulations of any other country or jurisdiction where Options are granted under the India Plan, as such laws, rules, regulations and requirements shall be in place from
time to time. 

        (b)   "Applicable Taxes" means, with respect to any Option or Share purchase, any federal, state, local and foreign income
taxes or other taxes (including but not limited to fringe benefit taxes) required to be withheld or paid or payable by the Optionee, the Company, its Parent or Subsidiary with respect to such Option
or Share purchase (including but not limited to as a result of or with respect to the grant, vesting or exercise or settlement in any other manner of such Option or Share purchase). 

        (c)   "Board of Directors" shall mean the Board of Directors of the Company, as constituted from time to time. 

        (d)   "Code" shall mean the Internal Revenue Code of 1986, as amended. 

        (e)   "Committee" shall mean a committee of the Board of Directors, as described in Section 2(a). 

        (f)    "Company" shall mean Stratify, Inc., a Delaware corporation. 

        (g)   "Consultant" shall mean a person who performs bona fide services for the Company, a Parent or a Subsidiary as a
consultant or advisor, excluding Employees and Outside Directors. 

        (h)   "Disability" shall mean that the Optionee is unable to engage in any substantial gainful activity by reason of any
medically determinable physical or mental impairment. 

        (i)    "Employee" shall mean any individual who is a common-law employee of the Company, a Parent or a Subsidiary. 

        (j)    "Exercise Price" shall mean the amount for which one Share may be purchased upon exercise of an Option, as specified by
the Board of Directors in the applicable Stock Option Agreement. 

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        (k)   "Fair Market Value" shall mean the fair market value of a Share, as determined by the Board of Directors in good faith.
Such determination shall be conclusive and binding on all persons. 

        (l)    "Family Member" shall mean (i) any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former
spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law,
brother-in-law or sister-in-law, including adoptive relationships, (ii) any person sharing the Optionee's household (other than a tenant or
employee), (iii) a trust in which persons described in Clause (i) or (ii) have more than 50% of the beneficial interest, (iv) a foundation in which persons described in
Clause (i) or (ii) or the Optionee control the management of assets and (v) any other entity in which persons described in Clause (i) or (ii) or the Optionee own
more than 50% of the voting interests. 

        (m)  "ISO" shall mean an employee incentive stock option described in Section 422(b) of the Code. 

        (n)   "Nonstatutory Option" shall mean a stock option not described in Sections 422(b) or 423(b) of the Code. 

        (o)   "Option" shall mean an ISO or Nonstatutory Option granted under the Plan and entitling the holder to purchase Shares. 

        (p)   "Optionee" shall mean a person who holds an Option. 

        (q)   "Outside Director" shall mean a member of the Board of Directors who is not an Employee. 

        (r)   "Parent" shall mean any corporation (other than the Company) in an unbroken chain of corporations ending with the
Company, if each of the corporations other than the Company owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.
A corporation that attains the status of a Parent on a date after the adoption of the Plan shall be considered a Parent commencing as of such date. 

        (s)   "Plan" shall mean this Stratify, Inc. 1999 Stock Plan. 

        (t)    "Purchase Price" shall mean the consideration for which one Share may be acquired under the Plan (other than upon
exercise of an Option), as specified by the Board of Directors. 

        (u)   "Purchaser" shall mean a person to whom the Board of Directors has offered the right to acquire Shares under the Plan
(other than upon exercise of an Option). 

        (v)   "Service" shall mean service as an Employee, Outside Director or Consultant. 

        (w)  "Share" shall mean one share of Stock, as adjusted in accordance with Section 8 (if applicable). 

        (x)   "Stock" shall mean the Common Stock of the Company, with a par value of $0.001 per Share. 

        (y)   "Stock Option Agreement" shall mean the agreement between the Company and an Optionee that contains the terms, conditions
and restrictions pertaining to the Optionee's Option. 

        (z)   "Stock Purchase Agreement" shall mean the agreement between the Company and a Purchaser who acquires Shares under the
Plan that contains the terms, conditions and restrictions pertaining to the acquisition of such Shares. 

        (aa) "Subsidiary" shall mean any corporation (other than the Company) in an unbroken chain of corporations beginning with the
Company, if each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the
other corporations in such chain. A corporation that attains the status of a Subsidiary on a date after the adoption of the Plan shall be considered a Subsidiary commencing as of such date. 

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Exhibit 10.6

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Exhibit 10.24    
    

IRON MOUNTAIN INCORPORATED  

 Compensation Plan for Non-Employee Directors  

	

Restatement Date	
 	

As of January 1, 2008
	

Eligibility	
 	

All non-employee Directors
	

Annual Retainer	
 	

$30,000 per year ($40,000 per year effective as of January 1, 2009); paid in advance in quarterly installments; a non-employee Director shall be entitled to retain the portion of the Annual Retainer fee paid with respect to the quarter in which
he or she ceases to be a non-employee Director, but shall not be entitled to any further portion of the Annual Retainer fee
	

Meeting Fees	
 	

$1,500 per committee meeting and/or quarterly Board meeting attended live or $750 by teleconference; fees earned shall be paid shortly after the end of each quarter
	

Chairperson Retainer	
 	

$5,000 per year retainer for acting as Chairperson of the Executive or Governance Committee; $7.500 per year retainer for acting as Chairperson of the Compensation Committee; $20,000 per year retainer for acting as Chairperson of the Audit Committee;
$25,000 per year retainer for acting as the "lead" Director; in each case paid in advance in quarterly installments; a non-employee Director shall be entitled to retain the portion of the Chairperson Retainer fee paid with respect to the quarter in
which he or she ceases to be a non-employee Director or serve as Chairperson, but shall not be entitled to any further portion of the Chairperson Retainer fee
	

Meeting Expenses	
 	

Reimbursement for all normal travel expenses to attend meeting; reimbursements due shall be paid shortly after the end of each quarter
	

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 full cost of coverage; group life, AD&D, STD and LTD coverage are not available to non-employee
Directors
	

Amount of Options	
 	

Non-qualified stock options to be equal to $75,000 per year of Black Scholes value
	

Timing of Option Grants	
 	

Stock options shall be granted annually to all non-employee Directors as of the first Board meeting following Iron Mountain's annual meeting (generally the fourth Tuesday of May each year); newly elected non-employee Directors receive a pro-rated grant on the date of their election or appointment to the Board
	

Vesting of Options	
 	

Options vest 100% on one year anniversary of grant (or, if earlier, the annual meeting of Iron Mountain that is closest to the one year anniversary)

 

	

Exercise Price of Options	
 	

Fair market value on date of grant
	

Terms of Options	
 	

10 years
	

Effect on Options of Cessation of Service as a Director	
 	

Vested options must be exercised within 60 days by a non-employee Director or his beneficiary
	

Restrictions on Resale	
 	

None
	

Restrictions on Transfer	
 	

Options may not be transferred (except upon death)
	

SEC Considerations	
 	

Options will generally be granted 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
	

Shareholder Approval	
 	

Not required
	

Source of Shares	
 	

Treasury shares or authorized, but unissued shares will be used for options
	

Taxation of Options	
 	

Non-employee Directors pay ordinary income tax (and SECA tax) at time of exercise on spread between exercise price and fair market value on date of exercise; Iron Mountain gets a corresponding tax deduction at that time
	

Election to Defer Fees	
 	

Non-employee Directors may elect to defer some or all of their fees paid in cash under the Iron Mountain Incorporated Directors Deferred Compensation Plan; deferrals will be invested in 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)

2

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Exhibit 10.24

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