Summary of 2004 Cash Bonus Awards for Executive Officers of Align Technology, Inc.
Align Technology, Inc.'s Compensation Committee approved cash incentive awards for its executive officers for the fiscal year ending December 31, 2004. The awards were granted to the President and CEO, CFO, and other key executives, with specific amounts listed for each. These bonuses recognize the executives' performance during 2004. Further details about the compensation will be provided in the company's 2005 proxy statement.
EXHIBIT 10.39
Summary of fiscal year 2004 Incentive Compensation Payouts to Certain Executive Officers
On November 30, 2004, the Compensation Committee of the Board of Directors of Align Technology, Inc. (“Align”) authorized the payment of the 2004 Incentive Compensation awards to each of Align’s executive officers. The following table sets forth the annual cash incentive awards paid to its named executive officers:
| Name | Annual Incentive Award | ||
| Thomas M. Prescott, President, Chief Executive Officer and Director | $ | 370,000 | |
| Eldon M. Bullington, Vice President, Finance and Chief Financial Officer | $ | 124,000 | |
| David S. Thrower, Vice President, Global Marketing | $ | 115,000 | |
| Len M. Hedge, Vice President, Manufacturing | $ | 120,000 | |
| Roger E. George Vice President, Legal and Corporate Affairs, and General Counsel and Corporate Secretary | $ | 117,000 | |
Align intends to provide additional information regarding the compensation (including the incentive compensation) awarded to the officers named above in respect of and during the year ended December 31, 2004, in the proxy statement for Align’s 2005 Annual Meeting of Stockholders.
