The Invisalign system and iTero Intraoral scanning system and OrthoCAD® digital services are available to general practitioner dentists (GP dentists), orthodontists, and other dental specialists. Align Technology provides training, clinical education programs, and the tools needed for orthodontists or GP dentists to adopt its innovative technology and offer the treatment options in their practices.
The purpose of the Technology Committee established pursuant to this charter is to review the technology development of Align Technology, Inc. (the "Company") and oversee and advise the Board of Directors (the "Board") on matters of innovation and technology.
The Technology Committee has the authority to undertake the specific duties and responsibilities listed below and will have the authority to undertake such other specific duties as the Board from time to time prescribes.
The Technology Committee shall consist of a minimum of two (2) non-employee directors of the Company as is determined by the Board. The members of the Technology Committee are appointed by and serve at the discretion of the Board.
The responsibilities of the Technology Committee include:
Review, evaluate and make recommendations to the Board regarding the Company's major technology plans and strategies, including its research and development activities, as well as, technical and market risks associated with product development and investment;
Assess existing and potential new advanced technology markets;
Monitor and evaluate future trends in technology that may affect the Company's strategic plans, including monitoring of overall industry trends;
Perform any other activities consistent with this Charter, the Company's Bylaws and governing law as the Committee or the Board deems necessary or appropriate;
Review the Committee Charter from time to time for adequacy and recommend any changes to the Board;
Report to the Board on the major items covered at each Committee meeting; and
The Technology Committee will meet at such times that it deems appropriate to fulfill its responsibilities under this Charter. The Technology Committee shall establish its own schedule, which it will provide to the Board in advance. The members of the Technology Committee may invite the Chief Executive Officer, the Vice President, Research and Development, the Vice President, Information Technology and Chief Information Officer and any other person to attend meetings as appropriate.
The Technology Committee will provide written reports to the Board of the Company regarding recommendations of the Technology Committee submitted to the Board for action and copies of the written minutes of its meetings.