On March 23, 2026, MiniMed Group, Inc. announced the approval of the MiniMed Severance Pay Plan for Executives and the Change of Control Severance Plan by its Compensation and Talent Committee. These plans are designed to provide severance benefits to the company's named executive officers in the event of termination of employment. The Severance Plan allows eligible executives to receive a lump-sum cash severance payment equal to two times their annual base salary and target annual bonus, along with a cash payment equivalent to the cost of 24 months of continued medical and dental coverage under COBRA. Additionally, the Change of Control Severance Plan ensures that named executive officers will continue to receive favorable employment terms for three years following a change of control. If terminated without cause during this period, they are entitled to a pro-rated annual bonus, a lump-sum cash payment equal to three times their annual base salary and highest annual bonus, and continued health care and life insurance benefits for three years. The adoption of these plans reflects the company's commitment to providing competitive compensation packages to retain top talent and ensure stability during transitions.

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