Company: DRTSW
Filing Date: 2025-03-12
Form Type: 20-F
Source: 0001213900-25-023187
Chunk: 215

Company: Alpha Tau Medical Ltd.
Filing Date: 2025-03-12
Form: 20-F
Item: Item 6
Chunk 215
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 options under certain terms and conditions. Our non-employee service providers
and controlling shareholders who are considered Israeli residents may only be granted options under section 3(i) of the Ordinance, which
does not provide for similar tax benefits. Section 102 includes two alternatives for tax treatment involving the issuance of options or
shares to a trustee for the benefit of the grantees and also includes an additional alternative for the issuance of options or shares
directly to the grantee. Section 102(b)(2) of the Ordinance, the most favorable tax treatment for the grantee, permits the issuance to
a trustee under the “capital gain track”.

Grant. All awards granted
pursuant to the 2016 Plan are evidenced by a written or electronic agreement between us and the grantee or a written or electronic notice
delivered by us (the “ Award Agreement”). The Award Agreement sets forth the terms and conditions of the award, including the
type of award, number of shares subject to such award, manner of exercise, term and vesting schedule (including performance goals or measures)
and the exercise price, if applicable.

Each award will expire ten
years from the date of the grant thereof (or five years in case of incentive stock options, within the meaning of Section 422 of the Code
(“ Incentive Stock Options”), granted to certain significant shareholders), unless such shorter term of expiration is otherwise
designated by the Administrator.

Awards. The 2016 Plan
provides for the grant of options (including Incentive Stock Options and nonqualified stock options) to acquire ordinary shares or shares
of such other class as may be designated by the board of directors, restricted shares, restricted share units and other share-based awards.

Options granted under the
2016 Plan to U. S. Grantees may qualify as Incentive Stock Options, or may be non-qualified stock options. The exercise price of a stock
option may not be less than 100% of the fair market value of the underlying share on the date of grant (or 110% in the case of Incentive
Stock Options granted to certain significant shareholders), unless such award is granted pursuant to an assumption or substitution for
another option in a manner qualifying under the provisions of the Code or any successor guidance.

Exercise. An award
under the 2016 Plan may be exercised by providing us or our Chief Executive Officer with a written notice of exercise and full payment
of the exercise price for such shares