Company: ALGN
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001097149-25-000021
Chunk: 104

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 104
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 or waive any vesting criteria that must be met to receive a payout and may accelerate the time at which any restrictions will lapse or be removed. A participant will forfeit any unearned RSUs as of the date set forth in the award agreement.

#### Performance Units and Performance Shares
Performance units and performance shares also may be granted under the Incentive Plan. Each Award of performance shares or units granted under the Incentive Plan will be evidenced by an award agreement that specifies the performance period and other terms and conditions of the Award as the Plan Administrator will

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determine. The Plan Administrator will set the performance objectives or other vesting provisions for an Award of performance shares or units in its discretion, subject to the provisions of the Incentive Plan, and the extent the vesting criteria are met over the applicable performance period will determine the extent to which the Award becomes payable to the participant. The Plan Administrator may establish performance objectives based on company-wide, divisional, business unit or individual goals, applicable federal or state securities laws, or any other basis. Earned performance units and performance shares granted under the Incentive Plan 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 Award of performance shares or units, the Plan Administrator may reduce or waive any performance objectives or other vesting provisions for such performance units or shares. Each performance unit under the Incentive Plan will have an initial value established by the Plan Administrator on or before the date of grant. Each performance share under the Incentive Plan will have an initial value equal to the fair market value of a share on the grant date. A participant will forfeit any performance shares or units that are unearned or unvested as of the date set forth in the award agreement.

#### Other Cash or Stock Awards
In addition to the Awards described above, the Plan Administrator may grant other incentives payable in cash or shares of Align's common stock under the Incentive Plan as it determines to be in the best interests of Align and pursuant to such other terms and conditions as it deems appropriate, subject to the terms of the Incentive Plan.

#### Non-Transferability of Awards
Unless determined otherwise by the Plan Administrator, Awards granted under the Incentive Plan generally are not transferable other than by will or by the laws of descent or distribution, and may be exercised, during a participant’s lifetime