Document:

Exhibit 10.41

IRON MOUNTAIN INCORPORATED

Compensation Plan for Non-Employee Directors

 

	
Restatement   Date
    	
 
    	
As   of January 1, 2015
    
	
 
    	
 
    	
 
    
	
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 $9,000 per year retainer for members of the   Compensation Committee, Finance, Nominating and Governance or Risk and Safety   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 or   Compensation Committee; an $8,000 per year retainer for acting as the Chair   of the Finance, Nominating and Governance or Risk and Safety 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 2014 Stock and Cash Incentive Plan, or any   successor 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 date of grant
    
	
 
    	
 
    	
 
    
	
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 2014 Stock and Cash Incentive Plan
    
	
 
    	
 
    	
 
    
	
SEC   Considerations
    	
 
    	
Grants   will generally be made under the Iron Mountain Incorporated 2014 Stock and   Cash 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,   based 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:   February 18, 2015
    	
 
    	
 
    

 

2Exhibit 10.42

 Exhibit 10.42 

DOMINION RESOURCES, INC. 

2015 PERFORMANCE GRANT PLAN 

1. Purpose. The purpose of the 2015 Performance Grant Plan (the “Plan”) is to set forth the terms of 2015 Performance Grants
awarded by Dominion Resources, Inc., a Virginia corporation (the “Company”), pursuant to the Dominion Resources, Inc. 2014 Incentive Compensation Plan and any amendments thereto (the “2014 Incentive Compensation Plan”). This Plan
contains the Performance Goals for the awards, the Performance Criteria, the target and maximum amounts payable, and other applicable terms and conditions. 

2. Definitions. Capitalized terms used in this Plan not defined in this Section 2 will have the meaning assigned to such terms in
the 2014 Incentive Compensation Plan. 
 a. Cause. For purposes of this Plan, the term “Cause” will have the
meaning assigned to that term under a Participant’s Employment Continuity Agreement with the Company, as such Agreement may be amended from time to time. 

b. Date of Grant. February 1, 2015. 

c. Disability or Disabled. Means a “disability” as defined under Treasury Regulation
Section 1.409A-3(i)(4). The Committee, as defined in the 2014 Incentive Compensation Plan document, will determine whether or not a Disability exists and its determination will be conclusive and binding on the Participant. 

d. Participant. An officer of the Company or a Dominion Company who receives a Performance Grant on the Date of Grant.

 e. Performance Period. The 24-month period beginning on January 1, 2015 and ending on December 31, 2016.

 f. Retire or Retirement. For purposes of this Plan, the term Retire or Retirement means a voluntary termination of
employment on a date when the Participant is eligible for early or normal retirement benefits under the terms of the Dominion Pension Plan, or would be eligible if any crediting of deemed additional years of age or service applicable to the
Participant under the Company’s Benefit Restoration Plan or New Benefit Restoration Plan was applied under the Dominion Pension Plan, as in effect at the time of the determination, unless the Company’s Chief Executive Officer in his sole
discretion (or, if the Participant is the Company’s Chief Executive Officer, the Committee in its sole discretion) determines that the Participant’s retirement is detrimental to the Company. 

g. Target Amount. The dollar amount designated in the written notice to the Participant communicating the Performance
Grant. 
 3. Performance Grants. A Participant will receive a written notice of the amount designated as the Participant’s
Target Amount for the Performance Grant payable under the terms of this Plan. The actual payout may be from 0% to 200% of the Target Amount, depending on the achievement of the Performance Goals. 

 4. Performance Achievement and Time of Payment. Upon the completion of the Performance
Period, the Committee will determine the final Performance Goal achievement of each of the Performance Criteria described in Section 6. The Company will then calculate the final amount of each Participant’s Performance Grant based on such
Performance Goal achievement. Except as provided in Sections 7(b) or 8, the Committee will determine the time of payout of the Performance Grants, provided that in no event will payment be made later than March 15, 2017. 

5. Forfeiture. Except as provided in Sections 7 and 8, a Participant’s right to payout of a Performance Grant will be forfeited if
the Participant’s employment with the Company or a Dominion Company terminates for any reason before the end of the Performance Period. 

6. Performance Goals. Payout of Performance Grants will be based on the Performance Goal achievement described in this Section 6
of the Performance Criteria defined in Exhibit A. 
 a. TSR Performance. Total Shareholder Return Performance
(“TSR Performance”) will determine fifty percent (50%) of the Target Amount (“TSR Percentage”). TSR Performance is defined in Exhibit A. The percentage of the TSR Percentage that will be paid out, if any, is based on the
following table: 
  

			
	 Relative
 TSR Performance

Percentile Ranking
		 Percentage Payout

of TSR Percentage

	85th or above		200%
	50th		100%
	25th		50%
	Below 25th		0%

 To the extent that the Company’s Relative TSR Performance ranks in a percentile between
the 25th and 85th percentile in the table above, then the TSR Percentage payout will be interpolated between the corresponding TSR Percentage
payout set forth above. No payment of the TSR Percentage will be made if the Relative TSR Performance is below the 25th percentile, except that a payment of 25% of the TSR Percentage will be made
if the Company’s Relative TSR Performance is below the 25th percentile but its Absolute TSR Performance is at least 9%. In addition to the foregoing payments, and regardless of the
Company’s Relative TSR Performance, if the Company’s Absolute TSR Performance is either (i) at least 10% but less than 15%, then an additional payment of 25% of the TSR Percentage will be made, or (ii) at least 15%, then an
additional payment of 50% of the TSR Percentage will be made (in either case, the “Performance Adder”). The Committee may reduce or eliminate payment of the Performance Adder in its sole discretion. 

The aggregate payments under this Section 6(a) may not exceed 250% of the TSR Percentage. In addition, the overall
percentage payment under the entire Performance Grant may not exceed 200%. 
 b. ROIC Performance. Return on Invested
Capital Performance (“ROIC Performance”) will determine fifty percent (50%) of the Target Amount (“ROIC Percentage”). ROIC Performance is defined in Exhibit A. The percentage of the ROIC Percentage that will be paid out, if
any, is based on the following table: 

  
 2 

			
	 ROIC Performance
		 Percentage Payout

of ROIC Percentage

	 7.47% and above
		200%
	 7.14%
		125%
	 6.69% – 6.90%
		100%
	 6.62%
		50%
	 Below 6.62%
		0%

  

	 	-	To the extent that the Company’s ROIC Performance is greater than 6.62% and less than 6.69%, the ROIC Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set
forth above. 

  

	 	-	To the extent that the Company’s ROIC Performance is greater than 6.90% and less than 7.14%, the ROIC Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set
forth above. 

  

	 	-	To the extent that the Company’s ROIC Performance is greater than 7.14% and less than 7.47%, the ROIC Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set
forth above. 

 7. Retirement, Involuntary Termination without Cause, Death or Disability. 

a. Retirement or Involuntary Termination without Cause. Except as provided in Section 8, if a Participant Retires
during the Performance Period or if a Participant’s employment is involuntarily terminated by the Company or a Dominion Company without Cause during the Performance Period, and in either case the Participant would have been eligible for a
payment if the Participant had remained employed until the end of the Performance Period, the Participant will receive a pro-rated payout of the Participant’s Performance Grant equal to the payment the Participant would have received had the
Participant remained employed until the end of the Performance Period multiplied by a fraction, the numerator of which is the number of whole months from the Date of Grant to the first day of the month coinciding with or immediately following the
date of the Participant’s retirement or termination of employment, and the denominator of which is twenty-three (23). Payment will be made after the end of the Performance Period at the time provided in Section 4 based on the Performance
Goal achievement approved by the Committee. If the Participant Retires, however, no payment will be made if the Company’s Chief Executive Officer in his sole discretion (or, if the Participant is the Company’s Chief Executive Officer, the
Committee in its sole discretion) determines that the Participant’s Retirement is detrimental to the Company. 
 b.
Death or Disability. If, while employed by the Company or a Dominion Company, a Participant dies or becomes Disabled during the Performance Period, the Participant or, in the event of the Participant’s death, the Participant’s
Beneficiary will receive a lump sum cash payment equal to the product of (i) and (ii) where: 
  

	 	(i)	is the amount that would be paid based on the predicted performance used for determining the compensation cost recognized by the Company for the Participant’s Performance Grant for the latest financial statement
filed with the Company’s Annual Report on Form 10-K or Quarterly Report on Form 10-Q immediately prior to the event; and 

  
 3 

	 	(ii)	is a fraction, the numerator of which is the number of whole months from the Date of Grant to the first day of the calendar month coinciding with or immediately following the date of the Participant’s death or
Disability, and the denominator of which is twenty-three (23). 

 Payment under this Section 7(b) will be made as soon as
administratively feasible (and in any event within sixty (60) days)) after the date of the Participant’s death or Disability, and the Participant shall not have the right to any further payment under this Agreement. In the event of the
Participant’s death, payment will be made to the Participant’s designated Beneficiary. 
 8. Qualifying Change of Control.
Upon a Qualifying Change of Control prior to the end of the Performance Period, provided the Participant has remained continuously employed with Dominion or a Dominion Company from the Date of Grant to the date of the Qualifying Change of
Control, the Participant will receive a lump sum cash payment equal to the greater of (i) the Target Amount or (ii) the total payout that would be made at the end of the Performance Period if the predicted performance used for determining
the compensation cost recognized by the Company for the Participant’s Performance Grant for the latest financial statement filed with the Company’s Annual Report on Form 10-K or Quarterly Report on Form 10-Q immediately prior to the
Qualifying Change of Control was the actual performance for the Performance Period (in either case, the “COC Payout Amount”). Payment will be made on or as soon as administratively feasible following the Qualifying Change of Control date
and in no event later than sixty (60) days following the Qualifying Change of Control date. If a Qualifying Change of Control occurs prior to the end of the Performance Period and after a Participant has Retired or been involuntarily terminated
without Cause pursuant to Section 7(a) above, then the Participant will receive a pro-rated payout of the Participant’s Performance Grant, equal to the COC Payout Amount multiplied by the fraction set forth in Section 7(a) above, with
payment occurring in a cash lump sum on or as soon as administratively feasible (but in any event within sixty (60) days) after the Qualifying Change of Control date. Following any payment under this Section 8, the Participant shall not
have the right to any further payment under this Agreement. 
 9. Termination for Cause. Notwithstanding any provision of this Plan
to the contrary, if the Participant’s employment with the Company or a Dominion Company is terminated for Cause (as defined by the Employment Continuity Agreement between the Participant and the Company), the Participant will forfeit all rights
to his or her Performance Grant. 
 10. Clawback of Award Payment. 

a. Restatement of Financial Statements. If the Company’s financial statements are required to be restated at any
time within a two (2) year period following the end of the Performance Period as a result of fraud or intentional misconduct, the Committee may, in its discretion, based on the facts and circumstances surrounding the restatement, direct the
Company to recover all or a portion of the Performance Grant payout from the Participant if the Participant’s conduct directly caused or partially caused the need for the restatement. 

b. Fraudulent or Intentional Misconduct. If the Company determines that the Participant has engaged in fraudulent or
intentional misconduct related to or materially affecting the Company’s business operations or the Participant’s duties at the Company, 

  
 4 

 
the Committee may, in its discretion, based on the facts and circumstances surrounding the misconduct, direct the Company to withhold payment, or if payment has been made, to recover all or a
portion of the Performance Grant payout from the Participant. 
 c. Recovery of Payout. The Company reserves the right
to recover a Performance Grant payout pursuant to this Section 10 by (i) seeking repayment from the Participant; (ii) reducing the amount that would otherwise be payable to the Participant under another Company benefit plan or
compensation program to the extent permitted by applicable law; (iii) withholding future annual and long-term incentive awards or salary increases; or (iv) taking any combination of these actions. 

d. No Limitation on Remedies. The Company’s right to recover a Performance Grant payout pursuant to this
Section 10 shall be in addition to, and not in lieu of, actions the Company may take to remedy or discipline a Participant’s misconduct including, but not limited to, termination of employment or initiation of a legal action for breach of
fiduciary duty. 
 e. Subject to Future Rulemaking. The Performance Grant payout is subject to any claw back policies
the Company may adopt in order to conform to the requirements of Section 954 of the Dodd-Frank Wall Street Reform Act and Consumer Protection Act and resulting rules issued by the Securities and Exchange Commission or national securities
exchanges thereunder and that the Company determines should apply to this Performance Grant Plan. 
 11. Miscellaneous. 

a. Nontransferability. Except as provided in Section 7(b), a Performance Grant is not transferable and is subject
to a substantial risk of forfeiture until the end of the Performance Period. 
 b. No Right to Continued Employment. A
Performance Grant does not confer upon a Participant any right with respect to continuance of employment by the Company, nor will it interfere in any way with the right of the Company to terminate a Participant’s employment at any time. 

c. Tax Withholding. The Company will withhold Applicable Withholding Taxes from the payout of Performance Grants. 

d. Application of Code Section 162(m). Performance Grants are intended to constitute “qualified
performance-based compensation” within the meaning of section 1.162-27(e) of the Income Tax Regulations. The Committee will certify the achievement of the Performance Goals described in Section 6. To the maximum extent possible, this Plan
will be interpreted and construed in accordance with this subsection 11(d). 
 e. Negative Discretion. Pursuant to
Section 6(c) of the 2014 Incentive Compensation Plan, the Committee retains the authority to exercise negative discretion to reduce payments under this Plan as it deems appropriate. 

f. Governing Law. This Plan shall be governed by the laws of the Commonwealth of Virginia, without regard to its choice
of law provisions. 

  
 5 

 g. Conflicts. In the event of any material conflict between the provisions
of the 2014 Incentive Compensation Plan and the provisions of this Plan, the provisions of the 2014 Incentive Compensation Plan will govern. 

h. Participant Bound by Plan. By accepting a Performance Grant, a Participant acknowledges receipt of a copy of this
Plan and the 2014 Incentive Compensation Plan document and prospectus, which are accessible on the Company Intranet, and agrees to be bound by all the terms and provisions thereof. 

i. Binding Effect. This Plan will be binding upon and inure to the benefit of the legatees, distributes, and personal
representatives of Participants and any successors of the Company. 
 j. Section 409A. This Plan and the
Performance Grants hereunder are intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended (“Code Section 409A”), and shall be interpreted to the maximum extent possible in accordance with such intent.
To the extent necessary to comply with Code Section 409A, no payment will be made earlier than six months after a Participant’s termination of employment other than for death if the Performance Grant is subject to Code Section 409A
and the Participant is a “specified employee” (within the meaning of Code Section 409A(a)(2)(B)(i)). 

  
 6 

 EXHIBIT A 

DOMINION RESOURCES, INC. 

2015 PERFORMANCE GRANT PLAN 

PERFORMANCE CRITERIA 

Total Shareholder Return 
 Relative TSR
Performance will be measured based on where the Company’s total shareholder return during the Performance Period ranks in relation to the total shareholder returns of the companies that are listed as members of the Philadelphia Stock Exchange
Utility Index as of the end of the Performance Period (the “Comparison Companies”). Absolute TSR Performance will be the Company’s total shareholder return on a compounded annual basis for the Performance Period. In general, total
shareholder return consists of the difference between the value of a share of common stock at the beginning and end of the Performance Period, plus the value of dividends paid as if reinvested in stock and other appropriate adjustments for such
events as stock splits. For purposes of TSR Performance, the total shareholder return of the Company and the Comparison Companies will be calculated using Bloomberg L.P. As soon as practicable after the completion of the Performance Period, the
total shareholder returns of the Comparison Companies will be obtained from Bloomberg L.P. and ranked from highest to lowest by the Committee. The Company’s total shareholder return will then be ranked in terms of which percentile it would have
placed in among the Comparison Companies. 
 Return on Invested Capital 

Return on Invested Capital (ROIC) 
 The following terms are
used to calculate ROIC for purposes of the 2014 Performance Grant: 
 ROIC means Total Return divided by Average Invested Capital. Performance will
be calculated for the two successive fiscal years within the Performance Period, added together and then divided by two to arrive at an annual average ROIC for the Performance Period. 

Total Return means Operating Earnings plus After-tax Interest & Related Charges, all determined for the two successive fiscal years within the
Performance Period. 
 Operating Earnings means operating earnings as disclosed on the Company’s earnings report furnished on Form 8-K for the
applicable fiscal year. 
 Average Invested Capital means the Average Balances for Long & Short-term Debt plus Preferred Equity plus Common
Shareholders’ Equity. The Average Balances for a year are calculated by performing the calculation at the end of each month during the fiscal year plus the last month of the prior fiscal year and then averaging those amounts over 13 months.
Long and short-term debt shall exclude debt that is non-recourse to Dominion Resources, Inc. (Dominion) or its subsidiaries where Dominion or its subsidiaries has not made an associated investment. Short-term debt shall be net of cash and cash
equivalents. 
 Average Invested Capital will be calculated by excluding (i) accumulated other comprehensive income/(loss) from Common
Shareholders’ Equity (as shown on the Company’s financial statements during the Performance Period); (ii) impacts from changes in accounting principles that were not prescribed as of the Date of Grant; and (iii) the effects of
incremental impacts from non-operating gains or losses during the Performance Period, as disclosed on the Company’s earnings report furnished on Form 8-K, that were not included in the projection on which the original ROIC calculation was based
at the time of the grant.

  
 i

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00241-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00241-of-00352.parquet"}]]