Company: DRTSW
Filing Date: 2025-03-12
Form Type: 20-F
Source: 0001213900-25-023187
Chunk: 221

Company: Alpha Tau Medical Ltd.
Filing Date: 2025-03-12
Form: 20-F
Item: Item 6
Chunk 221
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 and other share-based awards.

Options granted under the
2021 Plan to our employees who are U. S. residents may qualify as Incentive Stock Options, or may be non-qualified stock options. The exercise
price of an option may not be less than the par value of the shares (if the shares bear a par value) for which such option is exercisable,
otherwise an exercise price of an award of less than the par value of the shares (if shares bear a par value) shall comply with section
304 of the Companies Law. The exercise price of a non-qualified stock option shall not be less than 100% of the fair market value of a
share on the date of grant of such option or such other amount as may be required pursuant to the section 409A of the Code. Notwithstanding
the foregoing, a non-qualified stock option may be granted with an exercise price lower than the minimum exercise price set forth above
if such Award is granted pursuant to an assumption or substitution for another option in a manner qualifying under the provisions of that
complies with section 424(a) of the Code 1.409A-1(b)(5)(v)(D) of the U. S. Treasury Regulations or any successor guidance. The exercise
price of an Incentive Stock Option may not be less than 100% of the fair market value of the underlying share on the date of grant or
such other amount as may be required pursuant to the Code. Notwithstanding the foregoing, an Incentive Stock Option may be granted with
an exercise price lower than the minimum exercise price set forth above if such award is granted pursuant to an assumption or substitution
for another option in a manner that complies with the provisions of Section 424(a) of the Code. In the case of Incentive Stock Options
granted to a ten percent shareholder, (i) the exercise price shall not be less than 110% of the fair market value of the underlying share
on the date of grant, and (ii) the exercise period shall not exceed five (5) years from the effective date of grant of such grant.

Exercise. An award
under the 2021 Plan may be exercised by providing us with a written or electronic notice of exercise and full payment of the exercise
price for such shares underlying the award, if applicable, in such form and method as may be determined by the Administrator and permitted
by applicable law. An award may not be exercised for a fraction of