SEC Contract Filing

Filing Date: 2025-02-14

Document Content:
<DOCUMENT>
<TYPE>EX-10.42
<SEQUENCE>3
<FILENAME>irm2024ex-1042.htm
<DESCRIPTION>EX-10.42
<TEXT>
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<title>Document</title></head><body><div id="i9c4212866972435884d09e4692134978_78"></div><div style="min-height:72pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">EXHIBIT&#160;10.42&#160;</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">IRON MOUNTAIN INCORPORATED</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Iron Mountain Incorporated 2014 Stock and Cash Incentive Plan</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Stock Option Agreement</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">This Stock Option Agreement and the associated grant award information (the &#8220;Customizing Information&#8221;), which Customizing Information is provided in written form or is available in electronic form from the record keeper for the Iron Mountain Incorporated 2014 Stock and Cash Incentive Plan, as amended and in effect from time to time (the &#8220;Plan&#8221;), made as of the date shown as the &#8220;Grant Date&#8221; in the Customizing Information (the &#8220;Grant Date&#8221;) by and between Iron Mountain Incorporated, a Delaware corporation (the &#8220;Company&#8221;), and the&#160;individual identified in the Customizing Information (the &#8220;Participant&#8221;). This instrument and the Customizing Information are collectively referred to as the &#8220;Option Agreement.&#8221;</font></div><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">WITNESSETH THAT&#58;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">WHEREAS, the Company has instituted the Plan&#59; and</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">WHEREAS, the Compensation Committee (the &#8220;Committee&#8221;) has authorized the grant of a stock option (the &#8220;Option&#8221;) upon the terms and conditions set forth below and pursuant to the Plan, a copy of which is incorporated herein&#59; and</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">WHEREAS, the Participant acknowledges that the Participant has carefully read this Option Agreement and agrees, as provided in Section 17(a) below, that the terms and conditions of the Option Agreement reflect the entire understanding between the Participant and the Company regarding this stock option (and the Participant has not relied upon any statement or promise other than the terms and conditions of the Option Agreement with respect to this stock option)&#59;</font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements herein contained and for other good and valuable consideration the receipt and adequacy of which are hereby acknowledged, the Company and the Participant agree as follows. For purposes of this Option Agreement, to the extent the Participant is not employed by the Company, &#8220;Employer&#8221; shall mean the subsidiary of the Company that employs or has otherwise engaged the Participant to perform services on its behalf. </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">1. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Grant</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. Subject to the terms of the Plan and this Option Agreement, the Company hereby grants to the Participant an Option to purchase from the Company the amount of Common Stock (&#8220;Stock&#8221;) shown in the Customizing Information under &#8220;Shares Granted.&#8221; If so provided in the &#8220;Grant Type&#8221; shown in the Customizing Information, this Option is intended to constitute for United States income tax purposes an Incentive Stock Option and to qualify for special United States federal income tax treatment under Section 422 of the Code and upon exercise, the maximum number of shares that can be treated as Incentive Stock Options shall be so treated, and the remainder shall be treated as Nonstatutory Stock Options.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color