Company: ALGN
Filing Date: 2025-03-27
Form Type: PRE 14A
Source: 0001097149-25-000016
Chunk: 73

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-03-27
Form: PRE 14A
Chunk 73
---
     | $            | 3,647,158 |     | $          | 858,098 |
| Stuart Hockridge |     | Severance Payment  |     |       |     | $                                                                                   | 1,300,000 |     | $                                                                                   | 1,300,000 |     | $            |         — |     | $          |       — |
|                  |     | RSUs               |     |       |     |                                                                                     |   265,259 |     |                                                                                     |   748,968 |     |              |   265,259 |     |            |       — |
|                  |     | MSUs               |     |       |     |                                                                                     | 2,518,488 |     |                                                                                     | 4,491,827 |     |              | 2,518,488 |     |            |       — |
|                  |     | Health and Welfare 
 Benefits           |     |       |     |                                                                                     |    24,025 |     |                                                                                     |    24,025 |     |              |         — |     |            |       — |
|                  |     |                    |     | Total |     | $                                                                                   | 4,107,772 |     | $                                                                                   | 6,564,820 |     | $            | 2,783,747 |     |            |       — |

#### Termination Unrelated to a Change of Control
A termination for convenience unrelated to a change of control is a termination that occurs either before or 12 months after the change of control date. Upon such occurrence, these employment agreements provide that in the event the employment of Messrs. Wright and Hockridge is terminated without cause or if either resigns for good reason, each will:

(1) immediately vest in an additional number of shares under all outstanding option and RSU awards as if he had performed 12 additional months of service;

(2) in the case of MSUs, the performance period shall be deemed to end upon his employment termination date for the purpose of determining the percentage amount that our stock over or underperformed the Nasdaq Composite Index (the “Performance Multiplier”). The Performance Multiplier is calculated as follows:

(a) if our stock under-performs the Nasdaq Composite index, the percentage at which the MSUs convert into shares of our stock will be reduced from 100% at a rate of three to one; and

(b) if