Company: ALGN
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001097149-25-000021
Chunk: 100

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 100
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 the tax withholding obligations related to an Award will not become available for future grant or sale under the Incentive Plan. To the extent an Award is paid out in cash rather than shares, such cash payment will not result in reducing the number of shares available for issuance under the Incentive Plan. Subject to adjustment under the Incentive Plan, the maximum number of shares that may be issued upon the exercise of incentive stock options will equal the maximum aggregate number shares reserved for issuance under the Incentive Plan plus, to the extent allowable under Section 422 of the Internal Revenue Code, any shares that become available for issuance pursuant to the share recycling provisions under the Incentive Plan (summarized above in this section).

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#### Limitations
Prohibition on Repricing and Exchange Programs . The Incentive Plan prohibits any program under which participants are provided the opportunity to transfer outstanding Awards to a financial institution or other person or entity selected by the Plan Administrator, outstanding Awards are surrendered or cancelled in exchange for awards of the same type (which may have higher or lower exercise prices and different terms), Awards of a different type, and/or cash, or the exercise price of outstanding Awards are repriced (i.e., increased or reduced).

No Dividends with Respect to Unvested Awards. Dividends or other distributions payable with respect to shares subject to Awards will not be paid before and unless the underlying shares vest. No dividends or other distributions will be paid with respect to shares that are subject to unexercised options or SARs granted under the Incentive Plan.

Minimum Vesting Requirements for Awards. In general, no portion of an Award will vest earlier than the 1-year anniversary of the grant date. The Incentive Plan provides certain limited exceptions to this limitation. For example, without regard to this 1‑year vesting limitation, the vesting of Awards may be accelerated pursuant to our change in control (as defined in the Incentive Plan), certain terminations of a participant’s status as a service provider on or after our change in control, or a participant’s death or disability, and such accelerations will not be subject to the 5% limit described in the next sentence. Additionally, without regard to this 1‑year vesting limitation, Awards that result in issuing up to 5% of the maximum aggregate shares reserved for issuance under the Incentive Plan may be granted to employees of Align or any affiliate of Align or to non-employee Board