AMENDMENT TO THE INSULET CORPORATION 2007 STOCK OPTION AND INCENTIVE PLAN

 
Exhibit 10.1

AMENDMENT TO THE INSULET CORPORATION
2007 STOCK OPTION AND INCENTIVE PLAN

     Pursuant to the powers reserved to it in Section 18 of the Insulet Corporation 2007 Stock Option and Incentive Plan (the “ Plan ”), the Board of Directors of Insulet Corporation hereby amends the Plan, subject to stockholder approval, effective as of March 12, 2008, as follows:

     1. Section 3(a)(i) of the Plan is amended by deleting such Section in its entirety and replacing it with the following:

“ General . The maximum number of shares of Stock reserved and available for issuance under the Plan shall be 1,135,000 shares, plus, for a period of five years, on each January 1, beginning in 2008 and ending in 2012, an additional number of shares equal to the lesser of (A) 3% of the outstanding number of shares of Stock on the immediately preceding December 31 and (B) 725,000 shares of Stock, subject in all cases to adjustm