Company: ALGN
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001097149-25-000021
Chunk: 102

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 102
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 of the individual award agreements, including exercisability of the Award following termination of service with Align. In the absence of a period specified in the award agreement, generally if a participant ceases to be an employee, director or consultant for any reason other than disability, death or misconduct, then the participant will have the right to exercise their outstanding Award for 3 months (or 12 months if termination is due to death or disability) after the date of termination, but only to the extent the option is vested on the date of termination. In no event will an option be exercisable beyond its term.

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There are no unexercised stock options outstanding under the Incentive Plan. We last issued stock options under the Incentive Plan in 2011 and do not currently have plans to grant stock options under the Incentive Plan in the future.

#### Stock Appreciation Rights
An Award of SARs gives a participant the right to receive the appreciation in the fair market value of Align common stock between the date of grant of the Award and the date of its exercise. The Plan Administrator, subject to the provisions of the Incentive Plan, will have complete discretion to determine the terms and conditions of Awards of SARs granted under the Incentive Plan. However, no SAR Award may have (i) a term of more than 7 years from the date of grant or (ii) an exercise price per share below 100% of the fair market value of a share of Align’s common stock on the grant date (except as permitted under Section 424(a) of the Internal Revenue Code).

Upon exercise of a SAR Award, the holder of the Award will be entitled to receive payment from us in an amount determined by multiplying (i) the difference between the fair market value of a share on the date of exercise over the exercise price by (ii) the number of shares with respect to which the Award is exercised. At the discretion of the Plan Administrator, such payment may be in cash, shares or a combination of both. Each Award of SARs will be evidenced by an award agreement that specifies the exercise price, the term of the SAR, the conditions of exercise, and such other terms and conditions as the Plan Administrator will determine. The terms and conditions relating to the period of exercise following termination of service with respect to options described above also apply to Awards of SARs. There are no SARs outstanding under the Incentive Plan, and we do not currently have plans to grant