Company: ALGN
Filing Date: 2025-03-27
Form Type: PRE 14A
Source: 0001097149-25-000016
Chunk: 69

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-03-27
Form: PRE 14A
Chunk 69
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, 2024, which was the last trading day of the year, and assuming maximum achievement of MSU performance requirements of 250% of target.

Mr. Hogan serves as our President and CEO pursuant to an employment agreement entered into on April 17, 2015. The employment agreement provides that Mr. Hogan is entitled to an annual target bonus of 150% of his base salary based upon the attainment of performance objectives agreed upon in each fiscal year and established by the Board.

The following table describes the potential payments upon termination or a change of control for Mr. Hogan:

| Name            |     | Type of Payment             |     |       |     | Payments Upon Involuntary or Good Reason Termination Unrelated to 
 Change of Control                                                 |           |     | Payments Upon Involuntary or Good Reason Termination Related to a Change of Control |            |     | Change of 
 Control   
 Only      |            |
|:----------------|:----|:----------------------------|:----|:------|:----|:------------------------------------------------------------------|----------:|:----|:------------------------------------------------------------------------------------|-----------:|:----|:----------|-----------:|
| Joseph M. Hogan |     | Severance Payment           |     |       |     | $                                                                 | 8,050,000 |     | $                                                                                   |  8,050,000 |     | $         |          — |
|                 |     | RSUs                        |     |       |     |                                                                   |         — |     |                                                                                     |  6,202,547 |     |           |  2,157,314 |
|                 |     | MSUs                        |     |       |     |                                                                   |         — |     |                                                                                     | 42,173,754 |     |           | 23,311,901 |
|                 |     | Health and Welfare Benefits |     |       |     |                                                                   |    31,983 |     |                                                                                     |     31,983 |     |           |          — |
|                 |     |                             |     | Total |     | $                                                                 | 8,081,983 |     | $                                                                                   | 56,458,284 |     | $         | 25,469,215 |

#### Termination Unrelated to a Change of Control
A termination unrelated to a change of control is a termination that occurs either before or 18 months after the change of control date. In the event Mr. Hogan is terminated other than for cause,