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                                                                    EXHIBIT 10.7

                              ISILON SYSTEMS, INC.

                        2006 EMPLOYEE STOCK PURCHASE PLAN
                             SUBSCRIPTION AGREEMENT

____  Original Application Offering Date: ___________
____  Change in Payroll Deduction Rate
____  Change of Beneficiary(ies)

1.   ____________________ hereby elects to participate in the Isilon Systems,
     Inc. 2006 Employee Stock Purchase Plan (the "Plan") and subscribes to
     purchase shares of the Company's Common Stock in accordance with this
     Subscription Agreement and the Plan.

2.   I hereby authorize payroll deductions from each paycheck in the amount of
     ____% of my Compensation on each payday (from 0 to 10%) during the Offering
     Period in accordance with the Plan. (Please note that no fractional
     percentages are permitted.)

3.   I understand that said payroll deductions will be accumulated for the
     purchase of shares of Common Stock at the applicable Purchase Price
     determined in accordance with the Plan. I understand that if I do not
     withdraw from an Offering Period, any accumulated payroll deductions will
     be used to automatically exercise my option and purchase Common Stock under
     the Plan.

4.   I have received a copy of the complete Plan and its accompanying
     prospectus. I understand that my participation in the Plan is in all
     respects subject to the terms of the Plan.

5.   Shares of Common Stock purchased for me under the Plan should be issued in
     the name(s) of (Eligible Employee or Eligible Employee and Spouse only).

6.   I understand that if I dispose of any shares received by me pursuant to the
     Employee Stock Purchase Plan within two (2) years after the Offering Date
     (the first day of the Offering Period during which I purchased such shares)
     or one (1) year after the Exercise Date, I will be treated for federal
     income tax purposes as having received ordinary income at the time of such
     disposition in an amount equal to the excess of the fair market value of
     the shares at the time such shares were purchased by me over the price
     which I paid for the shares. I hereby agree to notify the Company in
     writing within thirty (30) days after the date of any disposition of my
     shares and I will make adequate provision for Federal, state or other tax
     withholding obligations, if any, which arise upon the disposition of the
     Common Stock. The Company may, but will not be obligated to, withhold from
     my compensation the amount necessary to meet any applicable withholding
     obligation including any withholding necessary to make available to the
     Company any tax deductions or benefits attributable to sale or early
     disposition of Common Stock by me. If I dispose of such shares at any time
     after the expiration of the two (2)-year and one (1)-year holding periods,
     I understand that I will be treated for federal income tax purposes as
     having received income only at the time of such disposition, and that such
     income will be taxed as ordinary income only to the extent of an amount
     equal to the lesser of (a) the excess of the fair

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     market value of the shares at the time of such disposition over the
     purchase price which I paid for the shares, or (b) 15% of the fair market
     value of the shares on the first day of the Offering Period. The remainder
     of the gain, if any, recognized on such disposition will be taxed as
     capital gain.

7.   I hereby agree to be bound by the terms of the Plan. The effectiveness of
     this Subscription Agreement is dependent upon my eligibility to participate
     in the Plan.

8.   In the event of my death, I hereby designate the following as my
     beneficiary(ies) to receive all payments and shares due me under the
     Employee Stock Purchase Plan:

<TABLE>
<CAPTION>
                  Address
Name   (if different than Employee)   Relationship   % of Benefit
----   ----------------------------   ------------   ------------
<S>    <C>                            <C>            <C>

</TABLE>

Employee's Social Security Number:   ____________________________________

Employee's Address:                  ____________________________________

                                     ____________________________________

                                     ____________________________________

I UNDERSTAND THAT THIS SUBSCRIPTION AGREEMENT WILL REMAIN IN EFFECT THROUGHOUT
SUCCESSIVE OFFERING PERIODS UNLESS TERMINATED BY ME.

Dated:
       ------------------------------   ----------------------------------------
                                        Signature of Employee

Dated:
       ------------------------------   ----------------------------------------
                                        Spouse's Signature
                                        (if beneficiary is other than spouse)

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                                    EXHIBIT B

                              ISILON SYSTEMS, INC.

                        2006 EMPLOYEE STOCK PURCHASE PLAN
                              NOTICE OF WITHDRAWAL

     The undersigned participant in the Offering Period of the Isilon Systems,
Inc. 2006 Employee Stock Purchase Plan that began on ________________, 20___
(the "Offering Date") hereby notifies the Company that he or she hereby
withdraws from the Offering Period. He or she hereby directs the Company to pay
to the undersigned as promptly as practicable all the payroll deductions
credited to his or her account with respect to such Offering Period. The
undersigned understands and agrees that his or her option for such Offering
Period will be automatically terminated. The undersigned understands further
that no further payroll deductions will be made for the purchase of shares in
the current Offering Period and the undersigned will be eligible to participate
in succeeding Offering Periods only by delivering to the Company a new
Subscription Agreement.

                                        Name and Address of Participant:
                                        ________________________________________

                                        ________________________________________

                                        ________________________________________

                                        Signature:

                                        ----------------------------------------
                                        Date:
                                              ----------------------------------<Page>

	 	
Exhibit 10.1

SOVRAN SELF STORAGE, INC.

6467 Main Street

Buffalo, New York   14221

	 	
Date

	 	 

Name

Address

Dear          :

          The Compensation Committee (the "Committee") of the Board of Directors (the "Board") of Sovran Self Storage, Inc. (the "Company") has selected you to receive shares of restricted stock under the Sovran Self Storage, Inc. 2005 Award and Option Plan (the "Plan").

          Your shares of restricted stock are described in the balance of this letter agreement between us.  This letter constitutes your Award Notice with respect to the shares of restricted stock described herein.

          The Plan text governs the operation of the Plan as well as the terms and conditions of your shares of restricted stock granted under the Plan, and is incorporated herein by reference.  A copy of the Plan text is enclosed.  Any term not defined in this letter agreement shall have the same meaning as it is defined in the Plan.

AWARD OF RESTRICTED STOCK

          You are hereby awarded, effective ___, 20__,  ____ shares of common stock, $.01 par value, of the Company subject to the restrictions set forth herein ("Restricted Stock").

VESTING OF RESTRICTED STOCK

          Except as otherwise provided herein or in the Plan, your shares of Restricted Stock shall vest in accordance with the following schedule:

	 	
*
	
___ shares of Restricted Stock (__% of the total shares under this award) shall vest on ____ 20__;

	 	
*
	
___ shares of Restricted Stock (__% of the total shares under this award) shall vest on ____ 20__;

	 	
*
	
___ shares of Restricted Stock (__% of the total shares under this award) shall vest on ____ 20__;

	 	
*
	
shares of Restricted Stock (__% of the total shares under this award) shall vest on ____ 20__;

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RESTRICTIONS

          Your shares of Restricted Stock may not be sold, transferred, assigned, pledged or otherwise disposed of unless and until they shall have vested in accordance with the schedule set forth above.

          The stock certificate(s) for your shares of Restricted Stock will be issued in your name but held by the Company for your account, together with stock powers you will execute in favor of the Company, until the shares shall have vested.  You shall execute stock power(s) in favor of the Company as a condition to receiving this award of Restricted Stock.  Except as otherwise provided herein, if and when your shares of Restricted Stock vest, the Company will deliver to you the certificates for such shares.

TERMINATION OF EMPLOYMENT

          Except as otherwise provided in the Plan, on termination of your employment with the Company or a Subsidiary for any reason other than death, Disability (as defined below), retirement at or after age sixty-five, or for a reason approved by the Committee, in its sole discretion, your then unvested shares of Restricted Stock shall be deemed forfeited and canceled.

          On termination of your employment with the Company or a Subsidiary by reason of your death, Disability (as defined below), retirement at or after age sixty-five, or for a reason approved by the Committee, in its sole discretion, your then unvested shares of Restricted Stock shall be deemed vested and all restrictions thereon shall lapse.

          For purposes of your Restricted Stock and this letter agreement, the term "Disability" means total disability entitling you to benefits under the Company's long-term disability plan, as in effect from time to time.

RIGHTS AS A STOCKHOLDER

          You shall be entitled to vote your shares of Restricted Stock and to receive cash dividends as and when paid, to the same extent as any other holder of Common Stock of the Company which are not subject to restrictions.

ADDITIONAL SHARES SUBJECT TO RESTRICTIONS

          In the event that, as a result of a stock dividend, stock split, recapitalization, combination of shares, or other adjustment in the capital stock of the Company or otherwise, or as a result of a merger, consolidation, or other reorganization, the Common Stock of the Company shall be increased, reduced, or otherwise changed, and by virtue of any such change you shall in your capacity as owner of shares of Restricted Stock be entitled to new or additional or different shares of stock or securities (other than rights or warrants to purchase securities) ("Adjustment Shares"), the certificates representing the Adjustment Shares, together with a stock power executed by you in favor of the Company shall also be delivered to and held by the Company.  

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Any Adjustment Shares shall be Restricted Stock for all purposes of this Award Notice, subject to the same restrictions and vesting schedule as were applicable to the shares of Restricted Stock to which they relate.

          If you shall receive rights or warrants in respect of any shares of Restricted Stock or any Adjustment Shares, such rights or warrants may be held, exercised, sold or otherwise disposed of by you, and any shares or other securities acquired by you as a result of the exercise of such rights or warrants likewise may be held, sold, or otherwise disposed of by you free and clear of any restrictions.

ADMINISTRATION OF THE PLAN; AUTHORITY OF THE COMMITTEE

          The Plan shall be administered by the Committee.  The Committee has the authority, in its sole discretion, to interpret the Plan and all awards of restricted stock thereunder, to establish, amend and rescind rules and regulations relating to the Plan, and to make any determination it believes necessary or advisable for the administration of the Plan.  The scope of the Committee's authority is more fully described in the Plan.  All decisions of the Committee in the administration of the Plan are conclusive and binding on you.

FORFEITURE

          If (1) in the opinion of the Committee, you, without the written consent of the Company, engage directly or indirectly in any manner or capacity as principal, agent, partner, officer, director, employee, owner, promoter or otherwise, in any business or activity competitive with the business conducted by the Company or any Subsidiary, or (2) you perform any act or engage in any activity which in the opinion of the Committee is inimical to the best interests of the Company, your unvested shares of Restricted Stock shall be deemed forfeited and canceled.

MISCELLANEOUS

          You have no right to assign, sell, transfer, pledge or encumber your unvested shares of Restricted Stock, except by will, or by the laws of descent and distribution.

          Nothing in this letter agreement, the Plan or your Restricted Stock confers on you any right to continue in the employment of the Company or a Subsidiary or restricts the right of the Company or a Subsidiary to terminate your employment.

          At the time you are taxable with respect to your Restricted Stock, the Company may deduct and withhold from amounts payable to you under the Plan or from any payment of any kind otherwise due to you, an amount sufficient to satisfy all Federal, state and/or local income and employment tax withholding requirements.  In accordance with Section 13(b) of the Plan, you may elect to have the withholding obligation satisfied by authorizing the Company to hold back shares of Common Stock to be issued that have a Fair Market Value as of the date withholding is effected sufficient to satisfy the withholding amount due, or by transferring to the Company shares of Common Stock having a Fair Market Value as of the date withholding is 

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effected sufficient to satisfy such withholding amount; provided, however, that if you are subject to Section 16(b) of the Securities Exchange Act of 1934 you may do so only in compliance with the additional requirements set forth in Section 13(b)(A)-(E) of the Plan.

          This letter agreement shall be binding on and inure to the benefit of the Company (and its successors and assigns) and you (and your estate).

          This letter agreement shall be governed, construed and enforced in accordance with the Plan and with the laws of the State of New York.

ACCEPTANCE

          If the foregoing is acceptable to you, kindly acknowledge your acceptance and agreement by signing the enclosed copy of this letter and returning it to David L. Rogers, the Chief Financial Officer and Secretary of the Company.

	

By                                                            
	
Very truly yours,

SOVRAN SELF STORAGE, INC.

By                                                            

	 	 
	 	 
	
AGREED TO AND ACCEPTED

this ____ day of _______________, 20__

                                                                   
	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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