Company: ALGN
Filing Date: 2025-03-27
Form Type: PRE 14A
Source: 0001097149-25-000016
Chunk: 77

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-03-27
Form: PRE 14A
Chunk 77
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 receive stock in another company (other than a subsidiary of ours), a merger of us with another company wherein there is a 50% or greater change in the ownership of our common stock as a result of such merger, or any other transaction in which we (other than as the parent corporation) are consolidated for federal income tax purposes or are eligible to be consolidated for federal income tax purposes with another corporation; or

• in the event that the common stock is traded on an established securities market, a public announcement that any person has acquired or has the right to acquire beneficial ownership of more than 50% of our then outstanding common stock, or the commencement of or public announcement of an intention to make a tender offer or exchange offer for more than 50% of our then outstanding common stock.

Other Termination of Employment and Change of Control Arrangements

In addition to the termination of employment and change of control arrangements described above, our Compensation and Human Capital Committee has the authority as Plan Administrator of the 2005 Incentive Plan (as amended) to accelerate the vesting of outstanding equity immediately upon an acquisition or change in ownership or majority of our Board.

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| CEO Pay Ratio |

Our compensation and benefits philosophy and the overall structure of our compensation and benefit programs are broadly similar across the organization. Compensation rates are benchmarked and set to be market-competitive in the country in which the jobs are performed.

We identified the median employee using our employee population as of December 31, 2024. To identify the median employee from our employee population, as well as to determine the annual total compensation of our median employee, we took the following steps:

• We determined that, as of December 31, 2024, we had 21,096 total employees worldwide, of which 1,947 were employed in the United States; 14,849 (approximately 70% of our global workforce) were employed in one of our manufacturing, technician and commercial operations in China, Costa Rica, Germany, Mexico, Poland or Spain; and the remaining 6,247 employees were employed in 42 other countries (including the United States). As of December 31, 2024, 19,149 employees were employed outside of the United States.

• In identifying the median employee, we excluded 1,039 workers (approximately 4.9% of our workforce) from the following countries: Austria, 79; Belgium, 7; Canada, 184; Croatia, 5