Company: ALGN
Filing Date: 2025-03-27
Form Type: PRE 14A
Source: 0001097149-25-000016
Chunk: 107

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-03-27
Form: PRE 14A
Chunk 107
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The Plan Administrator will have the authority to amend, alter, suspend or terminate the Incentive Plan at any time, except that the Incentive Plan requires stockholder approval for any increases in the number of shares available under the Incentive Plan and for any other amendment to the Incentive Plan to the extent necessary and desirable to comply with applicable laws. Any amendment, alteration, suspension or termination of the Incentive Plan will not, without the written consent of the participant, impair any rights of any participant under the Incentive Plan. The Incentive Plan will terminate on May 17, 2033, unless the Plan Administrator terminates it earlier pursuant to the terms of the Incentive Plan.

#### SUMMARY OF U.S. FEDERAL INCOME TAX INFORMATION
The following paragraphs are intended as a summary of the U.S. federal income tax consequences to U.S. taxpayers and Align of equity awards granted under the Incentive Plan as of the date of this filing. The summary is based on existing U.S. laws and regulations, and there can be no assurance that those laws and regulations will not change in the future. The summary does not purport to be complete and does not discuss the tax consequences upon a participant’s death, or the provisions of the tax laws of any municipality, state or non‑U.S. country in which the participant may reside. As a result, tax consequences for any particular participant may vary based on his or her individual circumstances.

#### Nonstatutory Stock Options
A participant generally will not recognize taxable income upon the grant of a nonstatutory stock option with a per share exercise price at least equal to the fair market value of a share of the underlying stock on the date of grant. Upon exercise, the participant will recognize ordinary income in an amount equal to the excess of the fair market value (on the exercise date) of the shares purchased over the exercise price of the option. Any additional gain or loss recognized upon any later disposition of the shares generally will be capital gain or loss.

#### Incentive Stock Options
A participant generally will not recognize taxable income when an incentive stock option is granted or exercised (except for purposes of the alternative minimum tax, in which case, the spread upon exercise will be an alternative minimum tax adjustment item, unless the exercised shares are disposed of in the same tax year as exercise). If the participant exercises the option and then later sells or otherwise disposes of the shares more than 2 years after the grant date and more than 1 year after the