Company: ALGN
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001097149-25-000021
Chunk: 103

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 103
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 SARs under the Incentive Plan in the future.

#### Restricted Stock
Awards of restricted stock are grants of shares of Align’s common stock, which vest in accordance with the terms and conditions established by the Plan Administrator, subject to the provisions of the Incentive Plan. Restricted stock also may be issued under the Incentive Plan pursuant to the early exercise of options. Shares of restricted stock granted under the Incentive Plan may not be transferred by the participant until vested. Generally, a participant will forfeit any shares of restricted stock as to which the restrictions have not lapsed prior to the participant’s termination of service (or such other date set forth in the award agreement). Unless determined otherwise by the Plan Administrator, participants providing services who hold shares of restricted stock will have the right to vote the shares. The Plan Administrator may accelerate the time at which any restrictions under a restricted stock Award will lapse or be removed. Each restricted stock Award will be evidenced by an award agreement that specifies the period over which the Award vests and becomes transferable, the number of shares granted, and such other terms and conditions as the Plan Administrator will determine. There are no Awards of restricted stock outstanding and we do not currently have plans to grant restricted stock under the Incentive Plan in the future.

#### Restricted Stock Units
The Plan Administrator may grant Awards of RSUs under the Incentive Plan. Each RSU under the Incentive Plan is a bookkeeping entry representing an amount equal to the fair market value of a share of Align’s common stock as an unfunded and unsecured obligation of Align. Each RSU granted under the Incentive Plan will be evidenced by an award agreement that specifies the number of shares subject to the Award and such other terms and conditions as the Plan Administrator will determine. The Plan Administrator will set the vesting criteria for an Award of RSUs in its discretion, subject to the provisions of the Incentive Plan, and the extent the vesting criteria are met will determine the number of RSUs that become payable to the participant. The Plan Administrator may establish vesting criteria for an RSU Award in its discretion, which may be based on company-wide, divisional, business unit or individual goals, applicable federal or state securities laws, or any other basis. Earned RSUs will be paid, in the sole discretion of the Plan Administrator, in the form of cash, shares of Align’s common stock, or a combination of both.

After the grant of an RSU Award, the Plan Administrator may reduce