Document:

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                                                                   Exhibit 10.17

                 NON-COMPETITION AND NON-SOLICITATION AGREEMENT

Full Name
Address - line 1
Address - line 2

Dear First name:

      You are to be employed by Insulet Corporation, a Delaware corporation (the
"Company"), as Title. In consideration of your employment, continued employment
and the vesting of your stock options by the Company, you hereby covenant, agree
and undertake as follows:

      1. The term of this Agreement shall be for a period commencing on the date
hereof and ending on the first anniversary of the date on which your employment
with the Company terminates for any reason, whether voluntarily or
involuntarily.

      2. During the term hereof, you will not, without the Company's prior
written consent, directly or indirectly, alone or as a partner, joint venturer,
officer, director, employee, consultant, agent, independent contractor or
stockholder of any company or business, engage in any business activity that is
directly or indirectly in competition with any of the products or services being
developed, marketed, distributed, planned, sold or otherwise provided by the
Company at such time. The ownership by you of not more than one percent of the
shares of stock of any corporation having a class of equity securities actively
traded on a national securities exchange or on the Nasdaq Stock Market shall not
be deemed, in and of itself, to violate the prohibitions of this paragraph.

      3. During the term hereof, you will not, directly or indirectly, employ,
or knowingly permit any other company or business organization which employs you
or is directly or indirectly controlled by you to employ, any person who is
employed by the Company at any time during the term hereof, or in any manner
seek to induce any such person to leave his or her employment with the Company.

      4. During the term hereof, you will not solicit or do business with,
directly or indirectly, any present or past customer of the Company, or any
prospective customer of the Company with whom you have had contact, in
connection with any business activity which would violate any other provision of
this Agreement.

      5. You hereby represent that, except as you have disclosed in writing to
the Company, you are not a party to, or bound by the terms of, any agreement
with or obligation to any previous employer or other party to refrain from using
or disclosing any trade secret or confidential or proprietary information in the
course of your employment with the Company on any matter relating to the
Company's business or to refrain from

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competing, directly or indirectly, with the business of such previous employer
or any other party. You further represent that your performance of all the terms
of this Agreement and as an employee of the Company does not and will not breach
any agreement or obligation to keep in confidence proprietary information,
knowledge or data acquired by you in confidence or in trust prior to or during
your employment with the Company, and you will not disclose to the Company or
induce the Company to use any confidential or proprietary information or
material belonging to any previous employer or others.

      6. You agree that the breach of this Agreement by you will cause
irreparable damage to the Company and that in the event of such breach the
Company shall have, in addition to any and all remedies of law, the right to an
injunction, specific performance or other equitable relief to prevent the
violation of your obligations hereunder.

      7. You understand that this Agreement does not create an obligation on the
Company or any other person or entity to continue your employment.

      8. Any amendment to or modification of this Agreement, and any waiver of
any provision hereof, shall be in writing. Any waiver by the Company of a breach
of any provision of this Agreement shall not operate or be construed as a waiver
of any subsequent breach hereof.

      9. You hereby agree that each provision herein shall be treated as a
separate and independent clause, and the unenforceability of any one clause
shall in no way impair the enforceability of any of the other clauses herein.
Moreover, if one or more of the provisions contained in this Agreement shall for
any reason be held to be excessively broad as to scope, activity or subject so
as to be unenforceable at law, such provision or provisions shall be construed
by the appropriate judicial body by limiting and reducing it or them, so as to
be enforceable to the maximum extent compatible with the applicable law as it
shall then appear.

      10. This Agreement shall be governed by and construed in accordance with
the laws of the Commonwealth of Massachusetts.

      11. The term "Company" shall include Insulet Corporation and any of its
subsidiaries, subdivisions or affiliates. The Company shall have the right to
assign this Agreement to its successors and assigns, and all covenants and
agreements hereunder shall inure to the benefit of and be enforceable by said
successors or assigns.

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      Please indicate your acceptance of the foregoing by signing and returning
one copy to the undersigned.

                                             Very truly yours,

                                             INSULET CORPORATION

                                             By:
                                                --------------------------------
                                                 Duane DeSisto
                                                 Chief Executive Officer
                                                 Date:
                                                      --------------------------

AGREED TO AND ACCEPTED as of the date first above written:

----------------------------------
Full Name

Date:
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AMENDED BYLAWS

OF

LIFECORE BIOMEDICAL, INC.

(As amended through April 19, 2007)

ARTICLE I

SHAREHOLDERS

     SECTION 1. The shareholders of this Corporation shall hold an annual meeting in each calendar
year at such time and place, within or without the State of Minnesota, as may be designated by the
Board of Directors, for the purpose of electing directors, and for the transaction only of such
other business as is properly brought before the meeting in accordance with these Bylaws; provided,
however, that the interval between two consecutive annual meetings shall not be more than fourteen
(14) months nor less than ten (10) months. A notice setting out the time and place of the annual
meeting shall be mailed by the secretary of the Corporation, or his delegate, postage prepaid, to
each shareholder of record at his address as it appears on the records of the Corporation, or, if
no such address appears, at his last known place of residence, at least ten (10) days prior to said
annual meeting, but any shareholder may waive such annual notice by a signed waiver in writing.

     SECTION 2. At the annual meeting, the shareholders shall elect directors of the Corporation
and shall transact such other business as may properly come before them. To be properly brought
before the meeting, business must be of a nature that is appropriate for consideration at an annual
meeting and must be (i) specified in the notice of meeting (or any supplement thereto) given by or
at the direction of the Board of Directors, or (ii) otherwise properly brought before the meeting
by or at the direction of the Board of Directors, or (iii) otherwise properly brought before the
meeting by a shareholder. In addition to any other applicable requirements, for business to be
properly brought before the annual meeting by a shareholder, the shareholder must have given timely
notice thereof in writing to the secretary of the Corporation. To be timely, each such notice must
be given, either by personal delivery or by United States mail, postage prepaid, to the secretary
of the Corporation, not less than fifty (50) days nor more than seventy-five (75) days prior to the
meeting; provided, however, that in the event less than sixty (60) days’ notice or prior public
disclosure of the date of the meeting is given or made to shareholders, notice by the shareholder
to be timely must be so received not later than the close of business on the tenth day following
the day on which such notice of the date of the annual meeting was mailed or such public disclosure
was made, whichever first occurs. Each such notice to the secretary shall set forth as to each
matter the shareholder proposes to bring before the annual meeting (w) a brief description of the
business desired to be brought before the annual meeting and the reasons for conducting such
business at the annual meeting; (x) the name and address of record of the shareholder proposing
such business; (y) the class or series (if any) and number of shares of the Corporation which are
owned by the shareholder; and (z) any material interest of the shareholder in such business.
Notwithstanding anything in these Bylaws to the contrary, no business shall be transacted at the
annual meeting except in accordance with the procedures set forth in this Article; provided,
however, that nothing in this Article shall be deemed to preclude discussion by any shareholder of
any business properly brought before the annual meeting in accordance with these Bylaws.

 

 

     SECTION 3. A special meeting of the shareholders may be called at any time by the chief
executive officer or chief financial officer of the Corporation, and shall be called by the
president or the secretary upon the request in writing, or by vote of, two or more directors or
upon the request in writing of shareholders of record owning one-tenth of the outstanding shares of
common stock. Such meeting shall be called by mailing a notice thereof as above provided in the
case of the annual meeting of shareholders, which notice shall state the purpose or purposes of the
meeting.

     SECTION 4. At any shareholders’ meeting, each shareholder shall be entitled to one (1) vote
for each share of common stock standing in his name on the books of the Corporation as of the
record date. Any shareholder may vote either in person or by proxy. The presence in person or by
proxy of the holders of thirty-three and one-third percent (33 1/3%) of the shares of common stock
entitled to vote at any shareholders’ meeting shall constitute a quorum for the transaction of
business. If no quorum is present at any meeting, the shareholders present in person or by proxy
may adjourn the meeting to such future time as they shall agree upon without further notice other
than by announcement at the meeting at which such adjournment is taken.

     SECTION 5. At any shareholders meeting for which there is a quorum present, the shareholders
may conduct such business as may be on the agenda or otherwise proposed for such meeting, or any
part of such business in the case of an adjournment. All or any part of the business not conducted
at the initial meeting of shareholders may be conducted at any adjournments thereof, including any
specific proposals on the agenda for such initial meeting for which there was no final disposition.
A meeting of the shareholders at which there is a quorum can be adjourned as to all or part of the
matters to be considered at the meeting upon motion by the person presiding at such meeting and by
a majority vote of shares represented in person or by proxy at such meeting. Such adjournment
shall be until a specific time and place, and the time and place for the reconvened meeting shall
be announced at the meeting and reflected in the minutes thereof.

     In addition, if the adjourned date is less than ten (10) days after the date of the meeting at
which an adjournment proposal was passed, a public announcement shall be made by the Corporation as
to the time and place for the reconvened meeting; or, if the adjourned date for the reconvened
meeting is ten (10) days or more after the date of the meeting at which the adjournment proposal
was passed, notice of the time and place of the reconvened meeting shall be sent by first class
mail to all shareholders of record at least ten (10) days prior to such reconvened meeting.

ARTICLE II

DIRECTORS

     SECTION 1. The Board of Directors shall have the general management and control of all
business and affairs of the Corporation and shall exercise all the powers that may be exercised or
performed by the Corporation under the statutes, its Articles of Incorporation and its Bylaws.

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     SECTION 2.

     (a) The Board of Directors shall consist of such number of directors, not less than three, the
exact number to be fixed from time to time solely by resolution of the Board of Directors, acting
by not less than a majority of the directors then in office.

     (b) Each of the directors shall hold office until the regular meeting of shareholders next
held after such director’s election and until such director’s successor shall have been elected and
shall qualify, or until the earlier death, resignation, removal or disqualification of such
director. In the case of any vacancy on the Board of Directors, including a vacancy created by an
increase in the number of directors, the vacancy shall be filled by election of the Board of
Directors. No decrease in the number of directors shall have the effect of shortening the term of
any incumbent director.

     (c) In the event that the Board of Directors increases the number of directors or fills a
vacancy on the Board in accordance with the provisions of paragraph (b) of this Section 2, the
Board of Directors shall give written notice to the shareholders of the Corporation of any increase
in the number of directors and of pertinent information regarding any director so elected by the
Board to fill a vacancy. Such written notice shall be effected by inclusion of such information in
the next mailing to shareholders of the Corporation following any such increase in the number of
directors or election of a director to fill a vacancy by the Board.

     SECTION 3. Subject to the rights of holders of any class or series of stock having a
preference over the common shares as to dividends or upon liquidation, nominations for the election
of directors may be made by the Board of Directors or a committee to be appointed by the Board of
Directors or by any shareholder entitled to vote generally in the election of directors. However,
any shareholder entitled to vote generally in the election of directors may nominate one or more
persons for election as directors at a meeting only if written notice of such shareholder’s intent
to make such nomination or nominations has been given, either by personal delivery or by United
States mail, postage prepaid, to the secretary of the Corporation not less than fifty (50) nor more
than seventy-five (75) days prior to the meeting; provided, however, that in the event less than
sixty (60) days’ notice or prior public disclosure of the date of the meeting is given or made to
shareholders, notice by the shareholder to be timely must be so received not later than the close
of business on the tenth day following the day on which such notice of the date of meeting was
mailed or such public disclosure was made, whichever first occurs. Each such notice to the
secretary shall set forth: (i) the name and address of record of the shareholder who intends to
make the nomination; (ii) a representation that the shareholder is a holder of record of shares of
the Corporation entitled to vote at such meeting and intends to appear in person or by proxy at the
meeting to nominate the person or persons specified in the notice; (iii) the name, age, business
and residence addresses, and principal occupation or employment of each nominee; (iv) a description
of all arrangements or understandings between the shareholder and each nominee and any other person
or persons (naming such person or persons) pursuant to which the nomination or nominations are to
be made by the shareholder; (v) such other information regarding each nominee proposed by such
shareholder as would be required to be included in a proxy statement filed pursuant to the proxy
rules of the Securities and Exchange Commission; and (vi) the consent of each nominee to serve as a
director of the Corporation if so elected. The Corporation may require any proposed nominee to
furnish such other information

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as may reasonably be required by the Corporation to determine the eligibility of such proposed
nominee to serve as a director of the Corporation. The presiding officer of the meeting may, if
the facts warrant, determine that a nomination was not made in accordance with the foregoing
procedure and, if he should so determine, he shall so declare to the meeting and the defective
nomination shall be disregarded.

     SECTION 4. The Board of Directors may meet regularly at such time and place as it shall fix
by resolution, and no notice of regular meetings shall be required. Special meetings of the Board
of Directors may be called by the chairman of the board, the president or by any majority of
directors by giving at least twenty-four (24) hours’ notice to each of the other directors by mail,
telephone, telegraph, or in person.

     SECTION 5. A majority of the directors shall constitute a quorum for the transaction of
business. Any act which might have been taken at a meeting of the Board of Directors and requiring
approval by shareholders under Minnesota Statutes, Chapter 302A, may be taken without a meeting if
authorized in a writing signed by all of the directors, and any such action shall be as valid and
effective in all respects as if taken by the Board at a regular meeting. If shareholder approval
is not so required by Minnesota Statutes, Chapter 302A, such act which might have been taken at a
meeting of the Board of Directors may be taken in written action signed by the number of directors
that would be required to take such action at a meeting of the Board of Directors of which all such
directors were present.

     SECTION 6. The Board of Directors shall fix and change, as it may from time to time
determine, the compensation to be paid all officers of the Corporation.

     SECTION 7. The Board of Directors may, by unanimous affirmative action of the entire Board of
Directors, designate two (2) or more of their number to constitute an Executive Committee which, to
the extent determined by the Board, shall have and exercise the authority of the Board in the
management of the business of the Corporation. Such Executive Committee shall act only in the
interval between meetings of the Board and shall be subject at all times to the control and
direction of the Board.

ARTICLE III

OFFICERS

     SECTION 1. The officers of this Corporation shall be a president, a treasurer, a secretary
and such vice presidents and other officers as may from time to time be elected by the Board of
Directors. All officers shall be elected by the Board of Directors and shall serve at the pleasure
of the Board of Directors. Any two (2) of the offices, except those of the president and vice
president, may be held by the same person.

     SECTION 2. The president may fix and change, as he may from time to time determine, the
compensation to be paid the employees of the Corporation. The president shall be a director, but
shall hold office until his successor is elected notwithstanding an earlier termination of his
office as director.

     SECTION 3. The vice president, or executive vice president if there is more than one, shall
perform the duties and assume the responsibilities of the president in the absence or

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inability to act of the president. In case of death, resignation or permanent disability of
the president, the executive vice president shall act as president until the Board of Directors
designates such new president. A vice president who is not a director shall not succeed to the
office of president.

     SECTION 4. The secretary shall keep a record of the minutes of the proceedings of meetings of
directors and of shareholders, and shall give notice of such meetings as required in these Bylaws
or by the Board of Directors.

     SECTION 5. The treasurer shall keep accounts of all monies and other assets of the
Corporation received or disbursed, shall deposit all monies and valuables in the name of and to the
credit of the Corporation in such banks or depositories or with such custodians as may be
authorized to receive the same by these Bylaws and by the Board of Directors, and shall render such
accounts thereof as may be required by the Board of Directors, the president or the shareholders.

     SECTION 6. The Board of Directors may appoint one or more of its members to serve as its
agent or to provide services and have such other powers and perform such other duties as may be,
from time to time, assigned by the Board of Directors or the president. The Board may authorize
one of its members to hold the nominal title of “Chairman of the Board.” If a Chairman of the
Board is appointed, he shall not have the status of an officer of the Corporation.

ARTICLE IV

OFFICE

     The principal office of the Corporation shall be in the State of Minnesota. The Corporation
may also have an office or offices in such other places and in such other states as the Board of
Directors may from time to time authorize and establish.

ARTICLE V

CORPORATE SEAL; STOCK CERTIFICATES

     SECTION 1. The seal of the Corporation shall be a circular embossed seal, having inscribed
thereon the following words:

LIFECORE BIOMEDICAL, INC.

Corporate Seal

Minnesota

     SECTION 2. The shares of the Corporation may be either certificated shares or uncertificated
shares or a combination thereof. A resolution approved by a majority of the directors may provide
that some or all of any or all classes and series of the shares of the Corporation will be
uncertificated shares. Every owner of certificated shares of the Corporation shall be entitled to
a certificate, to be in such form as shall be prescribed by the Board of Directors, certifying the
number of shares of the Corporation owned by such shareholder. Stock certificates issued by the
Corporation shall be signed by any two (2) officers. When a certificate is signed by a transfer
agent or registrar, the signature of any such officer may be facsimiled, engraved or printed.

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ARTICLE VI

CLOSING OF STOCK RECORDS

OR FIXING OF RECORD DATE

     The Board of Directors shall have power to close the stock records of the Corporation for a
period not to exceed sixty (60) days preceding the date of any meeting of shareholders, or the date
for payment of any dividend, or the date for the allotment of rights, or the date when any change
or conversion or exchange of capital stock shall go into effect, or for a period not exceeding
sixty (60) days in connection with obtaining the consent of shareholders for any purpose; provided,
however, that in lieu of closing the stock records, the Board of Directors may fix in advance a
date not exceeding sixty (60) days preceding the date of any meeting of shareholders, or the date
for the payment of any dividend, or the date for the allotment of rights, or the date when any
change or conversion or exchange of capital stock shall go into effect, or a date in connection
with obtaining such consent of shareholders, or for the determination of shareholders entitled to
receive payment of any such dividend or to receive any such allotment of rights or to exercise
rights in respect of any such change, conversion or exchange of capital stock, or to give any such
consent, as the case may be, and in such case only such shareholders as shall be shareholders of
record on the date so fixed shall be entitled to such notice of and to attend such meeting, or to
receive payment of such dividend, or to receive such allotment of rights, or to exercise any
rights, or to give such consent, as the case may be, notwithstanding the transfer of any stock on
the books of the Corporation after any such record date fixed as aforesaid.

ARTICLE VII

INDEMNIFICATION

     SECTION 1. Any person who at any time shall serve or shall have served as a director,
officer, employee or in some other official capacity at the request of the Corporation, or of any
other enterprise at the request of the Corporation, and the heirs, executors and administrators of
such person shall be indemnified by the Corporation, in accordance with and to the fullest extent
permitted by the Minnesota Business Corporation Act as it may be amended from time to time.

     SECTION 2. Nothing in this Article VII shall be construed to limit the ability of the Board
of Directors, to the extent permitted by applicable law, to indemnify any person or entity not
described in this Article VII as determined by the Board of Directors in its discretion.
Furthermore, the Board of Directors may authorize written agreements between the Corporation and
persons, whether or not described in this Article VII, to grant contractual rights to such persons
as permitted by law.

ARTICLE VIII

ADOPTION AND AMENDMENT OF BYLAWS

     SECTION 1. The Board of Directors may alter or amend these Bylaws and may make or adopt
additional Bylaws subject to the power of the shareholders to change or repeal the Bylaws.

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     SECTION 2. The shareholders may alter or amend these Bylaws and may make or adopt additional
Bylaws by a majority vote at any annual meeting of the shareholders or at any special
meeting called for that purpose.

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