Insulet amends annual incentive plan effective Jan 1, 2026; expands retirement and clawback provisions

INSULET CORP

Plan clarifies 'for Cause' definition and expands clawback/recoupment language.
Prorated award eligibility for Retirement if age+service ≥ 60, age ≥ 50, and ≥ 4 years service.
Termination without Cause after March 31 now eligible for prorated award (previously excluded).
Maximum award increased to 2.5x Target Award for participants (effective Jan 1, 2025).
Other changes: notice requirement for Retirement (120 days), expanded award eligibility for certain terminations.

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