Document:

<PAGE>   1

                                                                   EXHIBIT 10.1

                 FIRST AMENDMENT TO CHANGE OF CONTROL AGREEMENT

WHEREAS, MiniMed Inc. (the "Company") and Alfred E. Mann (the "Executive") have
entered into that certain Change of Control Agreement dated March 1, 1999 (the
"Agreement"); and

WHEREAS, the Agreement expires pursuant to its terms on March 1, 2001; and

WHEREAS, the Company considers it essential and in the best interest of its
stockholders to continue to foster the continuous employment of key management
personnel and to continue to reinforce and encourage the continued attention and
dedication of the Executive to his assigned duties without distraction in the
face of potentially disturbing circumstances arising from the possibility of a
change in control of the Company;

NOW, THEREFORE, the Company and the Executive agree as follows:

1.   The preamble to Section 1 of the Agreement shall be deleted in its entirety
     and replaced with the following:

     "1.  Payment of Severance Benefits Upon Change of Control. In the event of
          a Change of Control of the Company (as defined in Section 3) during
          the two-year period starting March 1, 2001, the Executive shall be
          entitled to the benefits set forth in Section 2 (the "Severance
          Benefits"), but only if:"

2.   All other terms and conditions in the Agreement, including but not limited
     to the remaining provisions of Section 1, shall remain unchanged and in
     full force and effect.

3.   This Amendment shall be effective as of March 1, 2001.

4.   This Amendment may be executed in two counterparts each of which shall be
     deemed an original but both of which together shall constitute one and the
     same instrument.

IN WITNESS WHEREOF, both the Executive and the Company have caused this
amendment to be executed by himself or by its duly authorized representatives,
respectively:

         MINIMED INC.

     By: /s/ Terrance H. Gregg            By: /s/ Alfred E. Mann
             -----------------------          -----------------------
                                              Alfred E. Mann

     Its: President & COO
          --------------------------<PAGE>   1

                                                                  EXHIBIT 10.2

                 FIRST AMENDMENT TO CHANGE OF CONTROL AGREEMENT

WHEREAS, MiniMed Inc. (the "Company") and Terrance H. Gregg (the "Executive")
have entered into that certain Change of Control Agreement dated March 1, 1999
(the "Agreement"); and

WHEREAS, the Agreement expires pursuant to its terms on March 1, 2001; and

WHEREAS, the Company considers it essential and in the best interest of its
stockholders to continue to foster the continuous employment of key management
personnel and to continue to reinforce and encourage the continued attention and
dedication of the Executive to his assigned duties without distraction in the
face of potentially disturbing circumstances arising from the possibility of a
change in control of the Company;

NOW, THEREFORE, the Company and the Executive agree as follows:

1.   The preamble to Section 1 of the Agreement shall be deleted in its entirety
     and replaced with the following:

     "1.  Payment of Severance Benefits Upon Change of Control. In the event of
          a Change of Control of the Company (as defined in Section 3) during
          the two-year period starting March 1, 2001, the Executive shall be
          entitled to the benefits set forth in Section 2 (the "Severance
          Benefits"), but only if:"

2.   All other terms and conditions in the Agreement, including but not limited
     to the remaining provisions of Section 1, shall remain unchanged and in
     full force and effect.

3.   This Amendment shall be effective as of March 1, 2001.

4.   This Amendment may be executed in two counterparts each of which shall be
     deemed an original but both of which together shall constitute one and the
     same instrument.

IN WITNESS WHEREOF, both the Executive and the Company have caused this
amendment to be executed by himself or by its duly authorized representatives,
respectively:

         MINIMED INC.

     By: /s/ Kevin R. Sayer             By: /s/ Terrance H. Gregg
         ----------------------            ------------------------
         Kevin R. Sayer                    Terrance H. Gregg

     Its: Chief Financial Officer
         ------------------------<PAGE>   1

                                                                  EXHIBIT 10.3

                 FIRST AMENDMENT TO CHANGE OF CONTROL AGREEMENT

WHEREAS, MiniMed Inc. (the "Company") and Eric S. Kentor (the "Executive") have
entered into that certain Change of Control Agreement dated March 1, 1999 (the
"Agreement"); and

WHEREAS, the Agreement expires pursuant to its terms on March 1, 2001; and

WHEREAS, the Company considers it essential and in the best interest of its
stockholders to continue to foster the continuous employment of key management
personnel and to continue to reinforce and encourage the continued attention and
dedication of the Executive to his assigned duties without distraction in the
face of potentially disturbing circumstances arising from the possibility of a
change in control of the Company;

NOW, THEREFORE, the Company and the Executive agree as follows:

1.   The preamble to Section 1 of the Agreement shall be deleted in its entirety
     and replaced with the following:

     "1.  Payment of Severance Benefits Upon Change of Control. In the event of
          a Change of Control of the Company (as defined in Section 3) during
          the two-year period starting March 1, 2001, the Executive shall be
          entitled to the benefits set forth in Section 2 (the "Severance
          Benefits"), but only if:"

2.   All other terms and conditions in the Agreement, including but not limited
     to the remaining provisions of Section 1, shall remain unchanged and in
     full force and effect.

3.   This Amendment shall be effective as of March 1, 2001.

4.   This Amendment may be executed in two counterparts each of which shall be
     deemed an original but both of which together shall constitute one and the
     same instrument.

IN WITNESS WHEREOF, both the Executive and the Company have caused this
amendment to be executed by himself or by its duly authorized representatives,
respectively:

         MINIMED INC.

     By: /s/ Terrance H. Gregg            By: /s/ Eric S. Kentor
         ---------------------                -------------------
                                              Eric S. Kentor

     Its: President & COO
          --------------------<PAGE>   1

                                                                   EXHIBIT 10.4

                 FIRST AMENDMENT TO CHANGE OF CONTROL AGREEMENT

WHEREAS, MiniMed Inc. (the "Company") and David Morley (the "Executive") have
entered into that certain Change of Control Agreement dated March 1, 1999 (the
"Agreement"); and

WHEREAS, the Agreement expires pursuant to its terms on March 1, 2001; and

WHEREAS, the Company considers it essential and in the best interest of its
stockholders to continue to foster the continuous employment of key management
personnel and to continue to reinforce and encourage the continued attention and
dedication of the Executive to his assigned duties without distraction in the
face of potentially disturbing circumstances arising from the possibility of a
change in control of the Company;

NOW, THEREFORE, the Company and the Executive agree as follows:

1.   The preamble to Section 1 of the Agreement shall be deleted in its entirety
     and replaced with the following:

     "1.  Payment of Severance Benefits Upon Change of Control. In the event of
          a Change of Control of the Company (as defined in Section 3) during
          the two-year period starting March 1, 2001, the Executive shall be
          entitled to the benefits set forth in Section 2 (the "Severance
          Benefits"), but only if:"

2.   All other terms and conditions in the Agreement, including but not limited
     to the remaining provisions of Section 1, shall remain unchanged and in
     full force and effect.

3.   This Amendment shall be effective as of March 1, 2001.

4.   This Amendment may be executed in two counterparts each of which shall be
     deemed an original but both of which together shall constitute one and the
     same instrument.

IN WITNESS WHEREOF, both the Executive and the Company have caused this
amendment to be executed by himself or by its duly authorized representatives,
respectively:

         MINIMED INC.

     By: /s/ Terrance H. Gregg             By: /s/ David Morely
         ---------------------                 --------------------
                                               David Morley

     Its: President & COO
          --------------------<PAGE>   1

                                                                   EXHIBIT 10.5

                 FIRST AMENDMENT TO CHANGE OF CONTROL AGREEMENT

WHEREAS, MiniMed Inc. (the "Company") and Kevin R. Sayer (the "Executive") have
entered into that certain Change of Control Agreement dated March 1, 1999 (the
"Agreement"); and

WHEREAS, the Agreement expires pursuant to its terms on March 1, 2001; and

WHEREAS, the Company considers it essential and in the best interest of its
stockholders to continue to foster the continuous employment of key management
personnel and to continue to reinforce and encourage the continued attention and
dedication of the Executive to his assigned duties without distraction in the
face of potentially disturbing circumstances arising from the possibility of a
change in control of the Company;

NOW, THEREFORE, the Company and the Executive agree as follows:

1.   The preamble to Section 1 of the Agreement shall be deleted in its entirety
     and replaced with the following:

     "1.  Payment of Severance Benefits Upon Change of Control. In the event of
          a Change of Control of the Company (as defined in Section 3) during
          the two-year period starting March 1, 2001, the Executive shall be
          entitled to the benefits set forth in Section 2 (the "Severance
          Benefits"), but only if:"

2.   All other terms and conditions in the Agreement, including but not limited
     to the remaining provisions of Section 1, shall remain unchanged and in
     full force and effect.

3.   This Amendment shall be effective as of March 1, 2001.

4.   This Amendment may be executed in two counterparts each of which shall be
     deemed an original but both of which together shall constitute one and the
     same instrument.

IN WITNESS WHEREOF, both the Executive and the Company have caused this
amendment to be executed by himself or by its duly authorized representatives,
respectively:

         MINIMED INC.

     By: /s/ Terrance H. Gregg             By: /s/ Kevin R. Sayer
         ----------------------                ---------------------
                                               Kevin R. Sayer

     Its: President & COO
         ----------------------

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00025-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00025-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00025-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00025-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00025-of-00352.parquet"}]]