Align Technology 8-K 2005
CURRENT REPORT PURSUANT
Date of report (Date of earliest event reported) November 10, 2005
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
ITEM 1.01 Entry into a Material Definitive Agreement
On November 10, 2005, Align Technology, Inc. (the Company), entered into a separation and general release agreement (the Agreement) with Rok Sribar, its former Vice President, Research & Development. In connection with the termination of Mr. Sribars employment announced by the Company on October 31, 2005 and in order to resolve all disputes that exist or may exist between the Company and Mr. Sribar, the Agreement provides that the Company will pay Mr. Sribar $173,000. In addition, the Company agreed to waive Mr. Sribars obligation to repay a portion of his sign-on bonus.
A copy of the Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by this reference.
ITEM 9.01. Financial Statements and Exhibits
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
INDEX TO EXHIBITS