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Exhibit 10.2

JANUS CAPITAL GROUP INC.

2005 Long Term Incentive Stock Plan

(As amended and restated effective January 22, 2008)

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TABLE OF CONTENTS

ARTICLE 1 HISTORY, EFFECTIVE DATE, OBJECTIVES AND DURATION   1
ARTICLE 2 DEFINITIONS
 
1
ARTICLE 3 ADMINISTRATION
 
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ARTICLE 4 SHARES SUBJECT TO THE PLAN AND MAXIMUM AWARDS
 
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ARTICLE 5 ELIGIBILITY AND GENERAL CONDITIONS OF AWARDS
 
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ARTICLE 6 STOCK OPTIONS
 
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ARTICLE 7 STOCK APPRECIATION RIGHTS
 
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ARTICLE 8 RESTRICTED SHARES
 
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ARTICLE 9 BENEFICIARY DESIGNATION
 
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ARTICLE 10 DEFERRALS
 
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ARTICLE 11 RIGHTS OF EMPLOYEES/DIRECTORS/CONSULTANTS
 
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ARTICLE 12 CHANGE OF CONTROL
 
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ARTICLE 13 AMENDMENT, MODIFICATION AND TERMINATION
 
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ARTICLE 14 WITHHOLDING
 
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ARTICLE 15 SUCCESSORS
 
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ARTICLE 16 ADDITIONAL PROVISIONS
 
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JANUS CAPITAL GROUP INC.
2005 LONG TERM INCENTIVE STOCK PLAN

ARTICLE 1

HISTORY, EFFECTIVE DATE, OBJECTIVES AND DURATION

        1.1    History.    Janus Capital Group, Inc., a Delaware corporation
(the "Company"), has established the Janus Capital Group 2005 Long Term
Incentive Stock Plan, as set forth herein, and as the same may be amended from
time to time (the "Plan").

        1.2    Objectives of the Plan.    The Plan is intended to allow
employees, directors and consultants of the Company and its Subsidiaries to
acquire or increase equity ownership in the Company, thereby strengthening their
commitment to the success of the Company and stimulating their efforts on behalf
of the Company, and to assist the Company and its Subsidiaries in attracting new
employees, directors and consultants and retaining existing employees, directors
and consultants. The Plan also is intended to optimize the profitability and
growth of the Company through incentives which are consistent with the Company's
goals; to provide employees, directors and consultants with an incentive for
excellence in individual performance; and to promote teamwork among employees,
directors and consultants.

        1.3    Duration of the Plan.    The Plan shall commence on the Effective
Date and shall remain in effect, subject to the right of the Board to amend or
terminate the Plan at any time pursuant to Article 13 hereof, until the earlier
of (a) all Shares subject to the Plan have been purchased or acquired according
to the Plan's provisions or (b) the tenth anniversary of its Effective Date. No
Awards shall be granted under the Plan after such termination date.

ARTICLE 2

DEFINITIONS

        Whenever used in the Plan, the following terms shall have the meanings
set forth below:

        2.1   "Article" means an Article of the Plan.

        2.2   "Award" means Options (including Incentive Stock Options),
Restricted Shares (awarded as Shares or Share Units), stock appreciation rights
(SARs), Shares or Dividend Equivalents granted under the Plan.

        2.3   "Award Agreement" means the written agreement by which an Award
shall be evidenced.

        2.4   "Board" means the board of directors of the Company.

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        2.5   "Cause" means, unless otherwise defined in an Award Agreement or
any other agreement between the Grantee and the Company or a Subsidiary,

        (a)   before the occurrence of a Change of Control, any one or more of
the following, as determined by the Committee:

        (1)   a Grantee's commission of a crime which, in the judgment of the
Committee, resulted or is likely to result in damage or injury to the Company or
a Subsidiary;

        (2)   the material violation by the Grantee of written policies of the
Company or a Subsidiary;

        (3)   the habitual neglect or failure by the Grantee in the performance
of his or her duties to the Company or a Subsidiary (but only if such neglect or
failure is not remedied within a reasonable remedial period after Grantee's
receipt of written notice from the Company which describes such neglect or
failure in reasonable detail and specifies the remedial period); or

        (4)   action or inaction by the Grantee in connection with his or her
duties to the Company or a Subsidiary resulting, in the judgment of the
Committee, in material injury to the Company or a Subsidiary; and

        (b)   from and after the occurrence of a Change of Control, the
occurrence of any one or more of the following, as determined in the good faith
and reasonable judgment by the affirmative vote of not less than three-quarters
(3/4) of the entire membership of the Board at a meeting of the Board which was
called and held for the purpose of considering such termination (after
reasonable notice to the Grantee and an opportunity for the Grantee, together
with the Grantee's counsel, to be heard before the Board):

        (1)   the willful and continued failure by the Grantee to substantially
perform the Grantee's duties with the Company (other than any such failure
resulting from the Grantee's incapacity due to physical or mental illness) that
has not been cured within 30 days after a written demand for substantial
performance is delivered to the Grantee by the Board, which demand specifically
identifies the manner in which the Board believes that the Grantee has not
substantially performed the Grantee's duties;

        (2)   the willful engaging by the Grantee in conduct which is
demonstrably and materially injurious to the Company or a Subsidiary, monetarily
or otherwise; or

        (3)   the willful or reckless violation by the Grantee of a material
legal or regulatory requirement that is materially and demonstrably injurious to
the Company.

        For purposes of this definition, no act, or failure to act, on the
Grantee's part shall be deemed "willful" unless done, or omitted to be done, by
the Grantee not in good faith and without reasonable belief that the Grantee's
act, or failure to act, was in the best

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interest of the Company. Any act, or failure to act, based upon express written
authority by the Board, Chief Executive Officer and/or Chief Investment Officer
with respect to such act or omission or based upon the advice of counsel for the
Company shall be conclusively presumed to be done, or omitted to be done, by the
Grantee in good faith and in the best interests of the Company.

        2.6   "Change of Control" shall, unless otherwise defined in the Award
Agreement, be deemed to have occurred if the event set forth in any one of the
following paragraphs shall have occurred:

        (a)   a change in the composition of the Board such that the individuals
who, as of the effective date of the this Agreement, constitute the Board (such
Board shall be hereinafter referred to as the "Incumbent Board") cease for any
reason to constitute at least a majority of the Board; provided, however, for
purposes of this definition, that any individual who becomes a member of the
Board subsequent to the effective date hereof, whose election, or nomination for
election by the Company's shareholders, was approved by a vote of at least a
majority of those individuals who are members of the Board and who were also
members of the Incumbent Board (or deemed to be such pursuant to this proviso)
shall be considered as though such individual were a member of the Incumbent
Board; but, provided further, that any such individual whose initial assumption
of office occurs as a result of either an actual or threatened election contest
(as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the
Exchange Act, as modified) or other actual or threatened solicitation of proxies
or consents by or on behalf of a Person other than the Board shall not be so
considered as a member of the Incumbent Board; or

        (b)   consummation of a reorganization, merger or consolidation or sale
or other disposition of all or substantially all of the assets of the Company or
the acquisition of the assets or stock of another entity ("Business
Combination"); excluding, however, such a Business Combination pursuant to which
(1) all or substantially all of the individuals and entities who are the
beneficial owners, respectively, of the Outstanding Company Common Stock and
Outstanding Company Voting Securities immediately prior to such Business
Combination will beneficially own, directly or indirectly, more than 50% of,
respectively, the outstanding shares of common stock, and the combined voting
power of the then outstanding voting securities entitled to vote generally in
the election of directors, as the case may be, of the corporation resulting from
such Business Combination (including, without limitation, a corporation which as
a result of such transaction owns the Company or all or substantially all the
Company's assets either directly or through one or more subsidiaries) in
substantially the same proportions as their ownership, immediately prior to such
Business Combination, of the Outstanding Company Common Stock and Outstanding
Company Voting Securities, as the case may be, (2) no Person (other than the
Company or any employee benefit plan (or related trust) of the Company or the
corporation resulting from such Business Combination) will beneficially own,
directly or indirectly, 20% or more of, respectively, the outstanding shares of
common stock of the corporation resulting from such Business Combination or the
combined voting power of the outstanding voting securities of such corporation
entitled to vote generally in the election of directors except to the extent
that such ownership existed prior to the Business Combination; and
(3) individuals who were members of the Incumbent Board will constitute at least
a majority of

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the members of the board of directors of the corporation resulting form such
Business Combination; or

        (c)   the approval by the stockholders of the Company of a complete
liquidation or dissolution of the Company.

        Notwithstanding (a), (b) and (c) above, that for each Award subject to
Section 409A of the Code, a Change of Control shall be deemed to have occurred
under this Plan with respect to such Award only if a change in the ownership or
effective control of the Company or a change in the ownership of a substantial
portion of the assets of the Company shall also be deemed to have occurred under
Section 409A of the Code.

        2.7   "Change of Control Value" means the Fair Market Value of a Share
on the date of a Change of Control.

        2.8   "Code" means the Internal Revenue Code of 1986, as amended from
time to time, and regulations and rulings thereunder. References to a particular
section of the Code include references to successor provisions of the Code or
any successor code.

        2.9   "Committee" has the meaning set forth in Article 3.

        2.10 "Common Stock" means the common stock, $.01 par value, of the
Company.

        2.11 "Company" has the meaning set forth in Section 1.1.

        2.12 "Covered Employee" means a Grantee who, as of the date that the
value of an Award is recognizable as taxable income, is one of the group of
"covered employees," within the meaning of Code Section 162(m).

        2.13 "Disability" means that a Grantee (i) is unable to engage in any
substantial gainful activity by reason of any medically determinable physical or
mental impairment which an be expected to result in death or can be expected to
last for a continuous period of not less than 12 months, or (ii) is, by reason
of any medically determinable physical or mental impairment which can be
expected to result in death or can be expected to last for a continuous period
of not less than 12 months, receiving income replacement benefits for a period
of not less than 3 months under an accident and health plan covering employees
of the Company or a Subsidiary of the Company.

        2.14 "Disqualifying Disposition" has the meaning set forth in
Section 6.4.

        2.15 "Dividend Equivalents" has the meaning set forth in Section 11.3.

        2.16 "Effective Date" shall mean the later of (a) the date that the Plan
was adopted by the Board and (b) the date the Plan was approved by stockholders
of the Company.

        2.17 "Eligible Person" means (i) any employee (including any officer) of
the Company or any Subsidiary, including any such employee who is on an approved
leave of

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absence, layoff, or has been subject to a disability which does not qualify as a
Disability, (ii) any director of the Company or any Subsidiary and (iii) any
person performing services for the Company or a Subsidiary in the capacity of a
consultant or otherwise.

        2.18 "Exchange Act" means the Securities Exchange Act of 1934, as
amended from time to time. References to a particular section of the Exchange
Act include references to successor provisions.

        2.19 "Fair Market Value" means (A) with respect to any property other
than Shares, the fair market value of such property determined by such methods
or procedures as shall be established from time to time by the Committee, and
(B) with respect to Shares, unless otherwise determined by the Committee, as of
any date, (i) the average of the high and low trading prices on the date of
determination on the New York Stock Exchange (or, if no sale of Shares was
reported for such date, on the next preceding date on which a sale of Shares was
reported); (ii) if the Shares are not listed on the New York Stock Exchange, the
average of the high and low trading prices of the Shares on such other national
exchange on which the Shares are principally traded or as reported by the
National Market System, or similar organization, or if no such quotations are
available, the average of the high bid and low asked quotations in the
over-the-counter market as reported by the National Quotation Bureau
Incorporated or similar organizations; or (iii) in the event that there shall be
no public market for the Shares, the fair market value of the Shares as
determined by the Committee.

        2.20 "Freestanding SAR" means an SAR that is granted independently of
any other Award.

        2.21 "Grant Date" has the meaning set forth in Section 5.2.

        2.22 "Grantee" means an individual who has been granted an Award.

        2.23 "Incentive Stock Option" means an option granted under Article 6 of
the Plan that is intended to meet the requirements of Section 422 of the Code or
any successor provisions thereto.

        2.24 "including" or "includes" means "including, without limitation," or
"includes, without limitation," respectively.

        2.25 "Management Committee" has the meaning set forth in Article 3.

        2.26 "Option" means an option granted under Article 6 of the Plan.

        2.27 "Outside Director" means a member of the Board who is not an
employee of the Company or any Subsidiary and who meets the other requirements
to be an outside director (as that term is defined for purposes of the
regulations under Code section 162(m).

        2.28 "Performance-Based Exception" means the performance-based exception
from the tax deductibility limitations of Code Section 162(m).

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        2.29 "Performance Measures" means the criteria and objectives,
determined by the Committee, which must be met during the applicable Performance
Period as a condition of the Participant's receipt of payment with respect to an
Award. Unless and until the Committee proposes for stockholder vote and
stockholders approve a change in the general performance measures set forth in
this section, with respect to Covered Employees, performance measures may
include any or all of the following or any combination thereof: (a) stock price;
(b) market share; (c) sales (gross or net); (d) asset quality;
(e) non-performing assets; (f) earnings per share; (g) return on equity;
(h) costs; (i) operating income; (j) net income; (k) marketing-spending
efficiency; (l) return on operating assets; (m) return on assets; (n) core
non-interest income; (o) fund performance; (p) pre-tax margin; (q) pre-tax
income; (r) levels of cost savings; (s) operating margin; and/or (t) flows into
Janus products (gross or net). Any of the foregoing performance measures may be
applied, as determined by the Committee, in respect of the Company or any of its
Subsidiaries, affiliates, business units or divisions and/or the Company's or
any of its Subsidiaries', affiliate's, business unit's or division's worldwide,
regional or country specific operations (or any combination of the foregoing).
Performance measures shall specify whether they are to be measured relative to
budgeted or other internal goals, operations, performance or results of the
Company and/or any of its Subsidiaries, affiliates, business units or divisions,
or relative to the performance of one or more peer groups of the Company and/or
any of its Subsidiaries, affiliates, business units or divisions, with the
composition of any such peer groups to be determined by the Committee at the
time the performance measure is established. Performance measures may be stated
in the alternative or in combination. The Committee shall have the right but not
the obligation to make adjustments to a performance measure to take into account
any unusual or extraordinary events, to the extent not inconsistent with the
requirements of the Performance-Based Exception. In the event that applicable
tax and/or securities laws change to permit Committee discretion to alter the
governing performance measures without obtaining stockholder approval of such
changes, and still qualify for the Performance-Based Exception, the Committee
shall have sole discretion to make such changes without obtaining stockholder
approval.

        2.30 "Performance Period" means the time period during which the
Performance Measures must be met.

        2.31 "Period of Restriction" means the period during which the transfer
of Restricted Shares is limited in some way (the length of the period being
based on the passage of time, the achievement of Performance Measures, or upon
the occurrence of other events as determined by the Committee), and the Shares
are subject to a substantial risk of forfeiture, as provided in Article 8.

        2.32 "Person" shall have the meaning ascribed to such term in
Section 3(a)(9) of the Exchange Act and used in Sections 13(d) and 14(d)
thereof, including a "group" as defined in Section 13(d) thereof.

        2.33 "Plan" has the meaning set forth in Section 1.1.

        2.34 "Plan Committee" has the meaning set forth in Article 3.

        2.35 "Required Withholding" has the meaning set forth in Article 14.

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        2.36 "Restricted Shares" means Shares or Share Units that are subject to
forfeiture if the Grantee does not satisfy the conditions specified in the Award
Agreement applicable to such Shares or Share Units.

        2.37 "Retirement" means, for any Grantee who is a director or employee
of the Company or any Subsidiary, (A) for any Award other than a Share Unit, a
Termination of Affiliation by the Grantee upon having both attained age
fifty-five (55) and completed at least ten (10) years of service with the
Company or a Subsidiary, and (B) for any Share Unit, the Participant having both
attained age fifty-five (55) and completed at least ten (10) years of service
with the Company or a Subsidiary.

        2.38 "Rule 16b-3" means Rule 16b-3 promulgated by the SEC under the
Exchange Act, as amended from time to time, together with any successor rule, as
in effect from time to time.

        2.39 "SAR" means a stock appreciation right.

        2.40 "SEC" means the United States Securities and Exchange Commission,
or any successor thereto.

        2.41 "Section" means, unless the context otherwise requires, a Section
of the Plan.

        2.42 "Section 16 Person" means a person who is subject to potential
liability under Section 16(b) of the 1934 Act with respect to transactions
involving equity securities of the Company.

        2.43 "Share" means a share of Common Stock.

        2.44 "Share Unit" means a bookkeeping entry representing the equivalent
of one share of Common Stock that is payable in the form of Common Stock, cash,
or any combination of the foregoing.

        2.45 "Strike Price" of any SAR shall equal, for any Tandem SAR (whether
such Tandem SAR is granted at the same time as or after the grant of the related
Option), the option price of such Option, or for any other SAR, 100% of the Fair
Market Value of a Share on the Grant Date of such SAR; provided that the
Committee may specify a higher Strike Price in the Award Agreement.

        2.46 "Subsidiary" means a United States or foreign corporation or
limited liability company, partnership or other similar entity with respect to
which the Company owns, directly or indirectly, 50% or more of the Voting Power
of such corporation, limited liability company, partnership or other similar
entity

        2.47 "Tandem SAR" means an SAR that is granted in connection with a
related Option, the exercise of which shall require cancellation of the right to
purchase a Share under the related Option (and when a Share is purchased under
the related Option, the Tandem SAR shall similarly be canceled).

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        2.48 "Termination of Affiliation" occurs on the first day on which an
individual is for any reason no longer an employee, director or consultant of
the Company or any Subsidiary, or with respect to an individual who is an
employee or director of, or consultant to, a corporation which is a Subsidiary,
the first day on which such corporation ceases to be a Subsidiary; provided,
however, that for each Award subject to Section 409A of the Code, a Termination
of Affiliation shall be deemed to have occurred under this Plan with respect to
such award on the first day on which an individual has experienced a "separation
from service" within the meaning of Section 409A of the Code.

        2.49 "10% Owner" means a person who owns capital stock (including stock
treated as owned under Section 424(d) of the Code) possessing more than 10% of
the total combined voting power of all classes of capital stock of the Company
or any Subsidiary.

        2.50 "Voting Power" means the combined voting power of the
then-outstanding securities of a corporation entitled to vote generally in the
election of directors.

ARTICLE 3

ADMINISTRATION

        3.1    Committee.    

        (a)   Subject to Article 13 and to Section 3.2, the Plan shall be
administered by the Board, or a committee appointed by the Board to administer
the Plan (the "Plan Committee"). To the extent the Board considers it desirable
to comply with or qualify under Rule 16b-3 or meet the Performance-Based
Exception, the Plan Committee shall consist of two or more directors of the
Company, all of whom qualify as Outside Directors and "non-employee directors"
within the meaning of Rule 16b-3. The number of members of the Plan Committee
shall from time to time be increased or decreased, and shall be subject to such
conditions, in each case as the Board deems appropriate to permit transactions
in Shares pursuant to the Plan to satisfy such conditions of Rule 16b-3 and the
Performance-Based Exception as then in effect.

        (b)   The Board or the Plan Committee may appoint and delegate to
another committee ("Management Committee") any or all of the authority of the
Board or the Committee, as applicable, with respect to Awards to Grantees other
than Grantees who are Section 16 Persons at the time any such delegated
authority is exercised. With respect to Awards that are intended to meet the
Performance-Based Exception and that are made to a Grantee who is expected to be
a Covered Employee, such delegation shall not include any authority, which if
exercised by the Management Committee rather than by the Plan Committee, would
cause the Grantee's Award to fail to meet the Performance-Based Exception.

        (c)   Any references herein to "Committee" are references to the Board,
or the Plan Committee or the Management Committee, as applicable.

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        3.2    Powers of Committee.    

        Subject to the express provisions of the Plan, the Committee has full
and final authority and sole discretion as follows:

        (a)   to determine when, to whom and in what types and amounts Awards
should be granted and the terms and conditions applicable to each Award,
including the benefit payable under any SAR, and whether or not specific Awards
shall be granted in connection with other specific Awards, and if so whether
they shall be exercisable cumulatively with, or alternatively to, such other
specific Awards;

        (b)   to determine the amount, if any, that a Grantee shall pay for
Restricted Shares, whether to permit or require the payment of cash dividends
thereon to be deferred and the terms related thereto, when Restricted Shares
(including Restricted Shares acquired upon the exercise of an Option) shall be
forfeited and whether such shares shall be held in escrow;

        (c)   to construe and interpret the Plan and to make all determinations
necessary or advisable for the administration of the Plan;

        (d)   to make, amend, and rescind rules relating to the Plan, including
rules with respect to the exercisability and nonforfeitability of Awards upon
the Termination of Affiliation of a Grantee;

        (e)   to determine the terms and conditions of all Award Agreements
(which need not be identical) and, with the consent of the Grantee, to amend any
such Award Agreement at any time, among other things, to permit transfers of
such Awards to the extent permitted by the Plan; provided that the consent of
the Grantee shall not be required for any amendment which (i) does not adversely
affect the rights of the Grantee, or (ii) is necessary or advisable (as
determined by the Committee) to carry out the purpose of the Award as a result
of any new or change in existing applicable law;

        (f)    to cancel, with the consent of the Grantee, outstanding Awards
and to grant new Awards in substitution therefore;

        (g)   to accelerate the exercisability (including exercisability within
a period of less than six months after the Grant Date) or the vesting of, and to
accelerate or waive any or all of the terms and conditions applicable to, any
Award or any group of Awards for any reason and at any time, including in
connection with a Termination of Affiliation;

        (h)   subject to Section 5.3, to extend the time during which any Award
or group of Awards may be exercised;

        (i)    to make such adjustments or modifications to Awards to Grantees
working outside the United States as are advisable to fulfill the purposes of
the Plan or to comply with applicable local law;

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        (j)    to impose such additional terms and conditions upon the grant,
exercise or retention of Awards as the Committee may, before or concurrently
with the grant thereof, deem appropriate, including limiting the percentage of
Awards which may from time to time be exercised by a Grantee; and

        (k)   to take any other action with respect to any matters relating to
the Plan for which it is responsible.

        All determinations on all matters relating to the Plan or any Award
Agreement may be made in the sole and absolute discretion of the Committee, and
all such determinations of the Committee shall be final, conclusive and binding
on all Persons. No member of the Committee shall be liable for any action or
determination made with respect to the Plan or any Award.

ARTICLE 4

SHARES SUBJECT TO THE PLAN AND MAXIMUM AWARDS

        4.1    Number of Shares Available for Grants.    Subject to adjustment
as provided in Section 4.2, the number of Shares hereby reserved for issuance
under the Plan shall be 15,000,000. No more than 5,000,000 of the shares
reserved for issuance pursuant to the preceding sentence shall be issued as
restricted stock, restricted stock units or stock awards. Notwithstanding
anything herein to the contrary, all Shares subject to a SAR award that are
settled in Shares shall be counted in full against the number of shares reserved
for issuance under the Plan. The number of Shares for which Awards may be
granted to any Grantee on any Grant Date, when aggregated with the number of
Shares for which Awards have previously been granted to such Grantee in the same
calendar year, shall not exceed one percent (1%) of the total Shares outstanding
as of such Grant Date; provided, however, that the total number of Shares for
which Awards may be granted to any Grantee in any calendar year shall not exceed
2,000,000. For purposes of determining the maximum for a Grantee under the
preceding sentence, any Award of Shares that the Grantee receives under the
Company's Employment Inducement Award Plan shall be treated as if it were an
Award of Shares under this Plan. Determinations made in respect of the
limitation set forth above shall be made in a manner consistent with
Section 162(m) of the Code. If any Shares subject to an Award granted hereunder
are forfeited, terminated, expired or canceled or such Award otherwise
terminates without the issuance of such Shares or of other consideration in lieu
of such Shares, the Shares subject to such Award, to the extent of any such
forfeiture, termination, expiration or cancellation shall again be available for
grant under the Plan (without a charge against the aggregate number of Shares
available for issuance hereunder). The Committee may from time to time determine
the appropriate methodology for calculating the number of Shares (i) issued
pursuant to the Plan, and (ii) granted to any Grantee pursuant to the Plan.
Shares issued pursuant to the Plan may be treasury Shares or newly-issued
Shares.

        4.2    Adjustments in Authorized Shares.    In the event that the
Committee determines that any dividend or other distribution (whether in the
form of cash, Shares, other securities, or other property), recapitalization,
stock split, reverse stock split, subdivision,

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consolidation or reduction of capital, reorganization, merger, scheme of
arrangement, split-up, spin-off or combination involving the Company or
repurchase or exchange of Shares or other rights to purchase Shares or other
securities of the Company, or other similar corporate transaction or event
affects the Shares such that any adjustment is determined by the Committee to be
appropriate in order to prevent dilution or enlargement of the benefits or
potential benefits intended to be made available under the Plan, then the
Committee shall, in such manner as it may deem equitable, adjust any or all of
(i) the number and type of Shares (or other securities or property) with respect
to which Awards may be granted, (ii) the number and type of Shares (or other
securities or property) subject to outstanding Awards, and (iii) the grant or
exercise price with respect to any Award or, if deemed appropriate, cancel an
outstanding Award, in exchange for, if deemed appropriate, a cash payment to the
holder of an outstanding Award or the substitution of other property for Shares
subject to an outstanding Award; provided, in each case that with respect to
Awards of Incentive Stock Options no such adjustment shall be authorized to the
extent that such adjustment would cause the Plan to violate Section 422(b)(1) of
the Code or any successor provision thereto; and provided further, that with
respect to Options and SARs, such adjustment shall be made in accordance with
the provisions of Section 424(h) of the Code; and, provided further, that the
number of Shares subject to any Award denominated in Shares shall always be a
whole number.

ARTICLE 5

ELIGIBILITY AND GENERAL CONDITIONS OF AWARDS

        5.1    Eligibility.    The Committee may grant Awards to any Eligible
Person, whether or not he or she has previously received an Award.

        5.2    Grant Date.    The Grant Date of an Award shall be the date on
which the Committee grants the Award or such later date as specified by the
Committee.

        5.3    Maximum Term.    Except with respect to an Option Award, the term
during which an Award may be outstanding shall under no circumstances extend
more than 10 years after the Grant Date, and shall be subject to earlier
termination as herein provided.

        5.4    Award Agreement.    To the extent not set forth in the Plan, the
terms and conditions of each Award (which need not be the same for each grant or
for each Grantee) shall be set forth in an Award Agreement.

        5.5    Restrictions on Share Transferability.    The Committee may
impose such restrictions on any Shares acquired pursuant to the exercise or
vesting of an Award as it may deem advisable, including restrictions under
applicable federal securities laws.

        5.6    Termination of Affiliation.    Except as otherwise provided by
the Committee or in the applicable Award Agreement, and subject to the
provisions of Article 12, the extent to which the Grantee shall have the right
to exercise, vest in, or receive payment in respect of an Award following
Termination of Affiliation shall be determined in accordance with the following
provisions of this Section 5.6.

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        (a)   For Cause.    If a Grantee has a Termination of Affiliation for
Cause, (i) the Grantee's Restricted Shares that are forfeitable shall thereupon
be forfeited, subject to the provisions of Section 8.6 regarding repayment of
certain amounts to the Grantee; and (ii) any unexercised Option or SAR shall
terminate effective immediately upon such Termination of Affiliation.

        (b)   On Account of Death or Disability.    If a Grantee has a
Termination of Affiliation on account of death or Disability, then:

        (1)   the Grantee's Restricted Shares that were forfeitable shall
thereupon become nonforfeitable; and

        (2)   any unexercised Option or SAR, whether or not exercisable on the
date of such Termination of Affiliation, may be exercised, in whole or in part,
within the first 12 months after such Termination of Affiliation (but only
during the option term) and shall terminate immediately thereafter; such Option
or SAR may be exercised to the extent permitted under this section by the
Grantee or, after his or her death, by (i) his or her personal representative or
the person to whom the Option or SAR, as applicable, is transferred by will or
the applicable laws of descent and distribution, or (ii) the Grantee's
beneficiary designated in accordance with Article 9.

        (c)   On Account of Retirement.    If a Grantee has a Termination of
Affiliation on account of Retirement, then:

        (1)   any unexercised Option or SAR, whether or not exercisable on the
date of such Termination of Affiliation, may be exercised, in whole or in part,
within the first five years after such Termination of Affiliation (but only
during the option term) and shall terminate immediately thereafter; such Option
or SAR may be exercised to the extent permitted under this section by the
Grantee or, after his or her death, by (i) his or her personal representative or
the person to whom the Option or SAR, as applicable, is transferred by will or
the applicable laws of descent and distribution, or (ii) the Grantee's
beneficiary designated in accordance with Article 9.

        (d)   Any Other Reason.    If a Grantee has a Termination of Affiliation
for any reason other than for Cause, death, Disability or Retirement, then:

        (1)   the Grantee's Restricted Shares, to the extent forfeitable on the
date of the Grantee's Termination of Affiliation, shall be forfeited on such
date;

        (2)   if such Termination of Affiliation is the result of the Grantee's
voluntary termination of employment, any unexercised Option or SAR, to the
extent not exercisable immediately before the Grantee's Termination of
Affiliation shall terminate immediately upon such Termination of Affiliation,
and to the extent exercisable immediately before the Grantee's Termination of
Affiliation, may be exercised in whole or in part, not later than three months
after such Termination of Affiliation (but only during the option term) and
shall terminate immediately thereafter; such Option or SAR may be exercised to
the extent permitted under this section by the Grantee or, after his or her
death, by (i) his or her personal representative or the person to whom the
Option or

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SAR, as applicable, is transferred by will or the applicable laws of descent and
distribution, or (ii) the Grantee's beneficiary designated in accordance with
Article 9; and

        (3)   if such Termination of Affiliation is the result of the Grantee's
termination of employment by the Company or a Subsidiary (other than for Cause),
then, any unexercised Option, whether or not exercisable immediately before the
Grantee's Termination of Affiliation, may be exercised in whole or in part, not
later than three months after such Termination of Affiliation (but only during
the option term) and shall terminate immediately thereafter; such Option or SAR
may be exercised to the extent permitted under this section by the Grantee or,
after his or her death, by (i) his or her personal representative or the person
to whom the Option is transferred by will or the applicable laws of descent and
distribution, or (ii) the Grantee's beneficiary designated in accordance with
Article 9.

        5.7    Nontransferability of Awards.    

        (a)   Except as provided in Section 5.7(c) below, each Award, and each
right under any Award, shall be exercisable only by the Grantee during the
Grantee's lifetime, or, if permissible under applicable law, by the Grantee's
guardian or legal representative.

        (b)   Except as provided in Section 5.7(c) below, no Award (prior to the
time, if applicable, Shares are issued in respect of such Award), and no right
under any Award, may be assigned, alienated, pledged, attached, sold or
otherwise transferred or encumbered by a Grantee otherwise than by will or by
the laws of descent and distribution (or in the case of Restricted Shares, to
the Company), and any such purported assignment, alienation, pledge, attachment,
sale, transfer or encumbrance shall be void and unenforceable against the
Company or any Subsidiary; provided, that the designation of a beneficiary shall
not constitute an assignment, alienation, pledge, attachment, sale, transfer or
encumbrance.

        (c)   To the extent and in the manner permitted by the Committee, and
subject to such terms, conditions, restrictions or limitations that may be
prescribed by the Committee, a Grantee may transfer an Award (other than an
Incentive Stock Option) to (i) a spouse, sibling, parent, child (including an
adopted child) or grandchild (any of which, an "Immediate Family Member") of the
Grantee; (ii) a trust, the primary beneficiaries of which consist exclusively of
the Grantee or Immediate Family Members of the Grantee; or (iii) a corporation,
partnership or similar entity, the owners of which consist exclusively of the
Grantee or Immediate Family Members of the Grantee.

        5.8    Cancellation and Rescission of Awards.    Unless the Award
Agreement specifies otherwise, the Committee may cancel, rescind, suspend,
withhold, or otherwise limit or restrict any unexercised Award at any time if
the Grantee is not in compliance with all applicable provisions of the Award
Agreement and the Plan or if the Grantee has a Termination of Affiliation for
Cause.

        5.9    Loans and Guarantees.    The Committee may, subject to applicable
law, (i) allow a Grantee to defer payment to the Company of all or any portion
of the option price of an Option or the purchase price of Restricted Shares, or
(ii) cause the Company to loan to the

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Grantee, or guarantee a loan from a third party to the Grantee for, all or any
portion of the option price of an Option or the purchase price of Restricted
Shares or all or any portion of any taxes associated with the exercise of,
nonforfeitability of, or payment of benefits in connection with, an Award. Any
such payment deferral, loan or guarantee by the Company shall be on such terms
and conditions as the Committee may determine. Notwithstanding the foregoing,
the Company shall not loan to the Grantee, or guarantee a loan from a third
party to the Grantee, as described in the preceding sentence, if such loan is
prohibited under Section 402 of the Sarbanes-Oxley Act of 2002, as may be
amended.

ARTICLE 6

STOCK OPTIONS

        6.1    Grant of Options.    Subject to the terms and provisions of the
Plan, Options may be granted to any Eligible Person in such number, and upon
such terms, and at any time and from time to time as shall be determined by the
Committee. Without in any manner limiting the generality of the foregoing and in
a manner intended to comply with Section 409A of the Code, the Committee may
grant to any Eligible Person, or permit any Eligible Person to elect to receive,
an Option in lieu of or in substitution for any other compensation (whether
payable currently or on a deferred basis, and whether payable under this Plan or
otherwise) which such Eligible Person may be eligible to receive from the
Company or a Subsidiary.

        6.2    Award Agreement.    Each Option grant shall be evidenced by an
Award Agreement that shall specify the option price, the option term, the number
of shares to which the Option pertains, the time or times at which such Option
shall be exercisable and such other provisions as the Committee shall determine.
In no event shall the Option be exercisable for a period of more than seven
(7) years from its Grant Date, provided that it may be subject to earlier
termination as provided herein or in the applicable Award Agreement.

        6.3    Option Price.    The option price of an Option under this Plan
shall be determined by the Committee, and shall be equal to or more than 100% of
the Fair Market Value of a Share on the Grant Date; provided, however, that any
Option that is (x) granted to a Grantee in connection with the acquisition
("Acquisition"), however effected, by the Company of another corporation or
entity ("Acquired Entity") or the assets thereof, (y) associated with an option
to purchase shares of stock of the Acquired Entity or an affiliate thereof
("Acquired Entity Option") held by such Grantee immediately prior to such
Acquisition, and (z) intended to preserve for the Grantee the economic value of
all or a portion of such Acquired Entity Option ("Substitute Option") may, to
the extent necessary to achieve such preservation of economic value, be granted
with an option price that is less than 100% of the Fair Market Value of a Share
on the Grant Date, provided that such grant is made in a manner that will not
result in the Substitute Option being subject to the requirements of
Section 409A of the Code.

        6.4    Grant of Incentive Stock Options.    At the time of the grant of
any Option, the Committee may designate that such Option shall be made subject
to additional restrictions to permit it to qualify as an "incentive stock
option" under the requirements of Section 422 of the

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Code. Any Option designated as an Incentive Stock Option shall, to the extent
required by Section 422 of the Code:

        (a)   if granted to a 10% Owner, have an option price not less than 110%
of the Fair Market Value of a Share on its Grant Date;

        (b)   be exercisable for a period of not more than seven (7) years (five
years in the case of an Incentive Stock Option granted to a 10% Owner) from its
Grant Date, and be subject to earlier termination as provided herein or in the
applicable Award Agreement;

        (c)   not have an aggregate Fair Market Value (as of the Grant Date of
each Incentive Stock Option) of the Shares with respect to which Incentive Stock
Options (whether granted under the Plan or any other stock option plan of the
Grantee's employer or any parent or Subsidiary thereof ("Other Plans")) are
exercisable for the first time by such Grantee during any calendar year,
determined in accordance with the provisions of Section 422 of the Code, which
exceeds $100,000 (the "$100,000 Limit");

        (d)   if the aggregate Fair Market Value of the Shares (determined on
the Grant Date) with respect to the portion of such grant which is exercisable
for the first time during any calendar year ("Current Grant") and all Incentive
Stock Options previously granted under the Plan and any Other Plans which are
exercisable for the first time during the same calendar year ("Prior Grants")
would exceed the $100,000 Limit be exercisable as follows:

        (1)   the portion of the Current Grant which would, when added to any
Prior Grants, be exercisable with respect to Shares which would have an
aggregate Fair Market Value (determined as of the respective Grant Date for such
options) in excess of the $100,000 Limit shall, notwithstanding the terms of the
Current Grant, be exercisable for the first time by the Grantee in the first
subsequent calendar year or years in which it could be exercisable for the first
time by the Grantee when added to all Prior Grants without exceeding the
$100,000 Limit; and

        (2)   if, viewed as of the date of the Current Grant, any portion of a
Current Grant could not be exercised under the preceding provisions of this
Section during any calendar year commencing with the calendar year in which it
is first exercisable through and including the last calendar year in which it
may by its terms be exercised, such portion of the Current Grant shall not be an
Incentive Stock Option, but shall be exercisable as an Option which is not an
Incentive Stock Option at such date or dates as are provided in the Current
Grant;

        (e)   be granted within seven (7) years from the earlier of the date the
Plan is adopted or the date the Plan is approved by the stockholders of the
Company; and

        (f)    by its terms not be assignable or transferable other than by will
or the laws of descent and distribution and may be exercised, during the
Grantee's lifetime, only by the Grantee; provided, however, that the Grantee
may, in any manner permitted by the Plan and specified by the Committee,
designate in writing a beneficiary to exercise his or her Incentive Stock Option
after the Grantee's death.

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        Any Option designated as an Incentive Stock Option shall also require
the Grantee to notify the Committee of any disposition of any Shares issued
pursuant to the exercise of the Incentive Stock Option under the circumstances
described in Section 421(b) of the Code (relating to certain disqualifying
dispositions) (any such circumstance, a "Disqualifying Disposition"), within
10 days of such Disqualifying Disposition.

        Notwithstanding Section 3.2(e), the Committee may, without the consent
of the Grantee, at any time before the exercise of an Option (whether or not an
Incentive Stock Option), take any action necessary to prevent such Option from
being treated as an Incentive Stock Option.

        6.5    Payment.    Options granted under this Article 6 shall be
exercised by the delivery of a written notice of exercise to the Company,
setting forth the number of Shares with respect to which the Option is to be
exercised, accompanied by full payment for the Shares made by any one or more of
the following means subject to the approval of the Committee:

        (a)   cash, personal check or wire transfer;

        (b)   Shares, valued at their Fair Market Value on the date of exercise;

        (c)   Restricted Shares, each such Share valued at the Fair Market Value
of a Share on the date of exercise;

        (d)   subject to applicable law, pursuant to procedures approved by the
Committee, through the sale of the Shares acquired on exercise of the Option,
valued at their Fair Market Value in the date of exercise, sufficient to pay for
such Shares, together with, if requested by the Company, the amount of federal,
state, local or foreign withholding taxes payable by Grantee by reason of such
exercise; or

        (e)   when permitted by the Committee, payment may also be made in
accordance with Section 5.9.

        If any Restricted Shares ("Tendered Restricted Shares") are used to pay
the option price, a number of Shares acquired on exercise of the Option equal to
the number of Tendered Restricted Shares shall be subject to the same
restrictions as the Tendered Restricted Shares, determined as of the date of
exercise of the Option.

ARTICLE 7

STOCK APPRECIATION RIGHTS

        7.1    Grant of SARs.    Subject to the terms and conditions of the
Plan, SARs may be granted to any Eligible Person at any time and from time to
time as shall be determined by the Committee. The Committee may grant
Freestanding SARs, Tandem SARs, or any combination thereof. The Committee shall
determine the number of SARs granted to each Grantee (subject to Article 4), the
Strike Price thereof, and, consistent with Section 7.2 and the other provisions
of the Plan, the other terms and conditions pertaining to such SARs. The Strike
Price shall be

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determined by the Committee, and shall be equal to or more than 100% of the Fair
Market Value of a Share on the Grant Date; provided, however, that any Option
that is (x) granted to a Grantee in connection with the acquisition
("Acquisition"), however effected, by the Company of another corporation or
entity ("Acquired Entity") or the assets thereof, (y) associated with an option
to purchase shares of stock of the Acquired Entity or an affiliate thereof
("Acquired Entity Option") held by such Grantee immediately prior to such
Acquisition, and (z) intended to preserve for the Grantee the economic value of
all or a portion of such Acquired Entity Option ("Substitute Option") may, to
the extent necessary to achieve such preservation of economic value, be granted
with an option price that is less than 100% of the Fair Market Value of a Share
on the Grant Date, provided that such grant is made in a manner that will not
result in the Substitute Option being subject to the requirements of
Section 409A of the Code.

        7.2    Exercise of Tandem SARs.    Tandem SARs may be exercised for all
or part of the Shares subject to the related Award upon the surrender of the
right to exercise the equivalent portion of the related Award. A Tandem SAR may
be exercised only with respect to the Shares for which its related Award is then
exercisable. Notwithstanding any other provision of this Plan to the contrary,
with respect to a Tandem SAR, (i) the Tandem SAR will expire no later than the
expiration of the underlying Option; (ii) the value of the payout with respect
to the Tandem SAR may be for no more than 100% of the difference between the
option price of the underlying Option and the Fair Market Value of the Shares
subject to the underlying Option at the time the Tandem SAR is exercised; and
(iii) the Tandem SAR may be exercised only when the Fair Market Value of the
Shares subject to the Option exceeds the option price of the Option.

        7.3    Payment of SAR Amount.    Upon exercise of an SAR, the Grantee
shall be entitled to receive payment from the Company in an amount determined by
multiplying:

        (a)   the excess of the Fair Market Value of a Share on the date of
exercise over the Strike Price;

by

        (b)   the number of Shares with respect to which the SAR is exercised;

provided that the Committee may provide in the Award Agreement that the benefit
payable on exercise of an SAR shall not exceed such percentage of the Fair
Market Value of a Share on the Grant Date as the Committee shall specify. As
provided by the Committee in the Award Agreement, the payment upon exercise of a
Freestanding SAR or Tandem SAR shall either be in Shares which have an aggregate
Fair Market Value (as of the date of exercise of the SAR) equal to the amount of
the payment or cash.

ARTICLE 8

RESTRICTED SHARES

        8.1    Grant of Restricted Shares.    Subject to the terms and
provisions of the Plan, the Committee, at any time and from time to time, may
grant Restricted Shares to any Eligible Person in such amounts as the Committee
shall determine.

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        8.2    Award Agreement.    Each grant of Restricted Shares shall be
evidenced by an Award Agreement that shall specify the period(s) of restriction,
the number of Restricted Shares granted, and such other provisions as the
Committee shall determine including, with respect to each Restricted Share that
is also a Share Unit, the time and form of payment of such Restricted Share;
provided, however, that with respect to Restricted Shares that are also Share
Units, if such Share Units would be subject to Section 409A of the Code, the
provisions of such Share Unit shall comply with the requirements set forth in
Section 409A of the Code.

        8.3    Restrictions.    The Committee may impose such conditions and/or
restrictions on any Restricted Shares granted pursuant to the Plan as it may
deem advisable, including restrictions based upon the achievement of Performance
Measures, the achievement of individual performance goals, time-based
restrictions on vesting, and/or restrictions under applicable securities laws.
If vesting conditions relate exclusively to the passage of time and continued
employment, then, except for grants to newly hired employees or newly engaged
consultants or directors, such time period shall not be less than 36 months,
with 1/3 of the Award vesting every 12 months from the date of the Award,
subject to Article 12 and Sections 5.6 and 8.4 of the Plan.

        8.4    Retirement.    Unless otherwise provided by the Committee, the
Grantee's Restricted Shares shall become nonforfeitable upon the Grantee having
both attained age fifty-five (55) and completed at least ten (10) years of
service with the Company or a Subsidiary; provided, however, that,
notwithstanding anything to the contrary contained in Section 5.7, such Shares
that become nonforfeitable pursuant to this provision shall be nontransferable
until the Grantee's Retirement.

        8.5    Consideration.    The Committee shall determine the amount, if
any, that a Grantee shall pay for Restricted Shares. Such payment shall be made
in full by the Grantee before the delivery of the shares or share units and in
any event no later than 10 business days after the Grant Date for such shares or
share units.

        8.6    Effect of Forfeiture.    If Restricted Shares are forfeited, and
if the Grantee was required to pay for such shares or share units or acquired
such Restricted Shares upon the exercise of an Option, the Grantee shall be
deemed to have resold such Restricted Shares to the Company at a price equal to
the lesser of (x) the amount paid by the Grantee for such Restricted Shares, or
(y) the Fair Market Value of a Share or Share Unit on the date of such
forfeiture. The Company shall pay to the Grantee the required amount as soon as
is administratively practical. Such Restricted Shares shall cease to be
outstanding, and shall no longer confer on the Grantee thereof any rights as a
stockholder of the Company, from and after the date of the event causing the
forfeiture, whether or not the Grantee accepts the Company's tender of payment
for such Restricted Shares.

        8.7    Escrow; Legends.    The Committee may provide that the
certificates for any Restricted Shares (x) shall be held (together with a stock
power executed in blank by the Grantee) in escrow by the Secretary of the
Company until such Restricted Shares become nonforfeitable or are forfeited
and/or (y) shall bear an appropriate legend restricting the transfer of such
Restricted Shares. If any Restricted Shares become nonforfeitable, the Company
shall cause any certificates for such Shares to be issued without such legend.

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ARTICLE 9

BENEFICIARY DESIGNATION

        Each Grantee under the Plan may, from time to time, name any beneficiary
or beneficiaries (who may be named contingently or successively) to whom any
benefit under the Plan is to be paid in case of his or her death before he or
she receives any or all of such benefit. Each such designation shall revoke all
prior designations by the same Grantee, shall be in a form prescribed by the
Company, and will be effective only when filed by the Grantee in writing with
the Company during the Grantee's lifetime. In the absence of any such
designation, benefits remaining unpaid at the Grantee's death shall be paid to
the Grantee's estate.

ARTICLE 10

DEFERRALS

        The Committee may require or permit Grantees to elect to defer the
receipt of the payment of cash or the delivery of Shares that would otherwise be
due by virtue of the exercise of an Option or SAR or the lapse or waiver of
restrictions with respect to Restricted Shares under such rules and procedures
as established under the Plan or such other rules and procedures as the
Committee shall establish; provided, however, to the extent that such deferral
is subject to Section 409A of the Code the rules and procedures established by
the Committee shall comply with Section 409A of the Code. Except as otherwise
provided in an Award Agreement, any payment or any Shares that are subject to
such deferral shall be made or delivered to the Grantee upon the Grantee's
Termination of Affiliation.

ARTICLE 11

RIGHTS OF EMPLOYEES/DIRECTORS/CONSULTANTS

        11.1    Employment.    Nothing in the Plan shall interfere with or limit
in any way the right of the Company to terminate any Grantee's employment,
directorship or consultancy at any time, nor confer upon any Grantee the right
to continue in the employ or as a director or consultant of the Company.

        11.2    Participation.    No employee, director or consultant shall have
the right to be selected to receive an Award under the Plan or, having been so
selected, to be selected to receive a future Award.

        11.3    Dividend Equivalents.    Subject to the provisions of the Plan
and any Award, the recipient of an Award (including any Award deferred in
accordance with procedures established pursuant to Article 10) may, if so
determined by the Committee, be entitled to receive, currently or on a deferred
basis, cash, stock or other property dividends, or cash payments in amounts
equivalent to cash, property, or other property dividends on shares of Common
Stock ("Dividend Equivalents") with respect to the number of shares of Common
Stock covered by the Award, as determined by the Committee, in its sole
discretion, and the

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Committee may provide that such amounts (if any) shall be deemed to have been
reinvested in additional shares or otherwise reinvested; provided, however, that
if such payment of dividends or Dividend Equivalents would be subject to
Section 409A of the Code, no such payment may be made if it would fail to comply
with the requirements set forth in Section 409A of the Code.

ARTICLE 12

CHANGE OF CONTROL

        12.1    General Rules.    Except as otherwise provided in an Award
Agreement, if a Change of Control occurs, then:

        (a)   the Grantee's Restricted Shares that were forfeitable shall
thereupon become nonforfeitable; and

        (b)   any unexercised Option or SAR, whether or not exercisable on the
date of such Change of Control, shall thereupon be fully exercisable and may be
exercised, in whole or in part.

        12.2    409A Exception.    With respect to each Award that is subject to
Section 409A of the Code, if a Change in Control would have occurred under the
Plan pursuant to the definition in Section 2.6 except that such Change in
Control does not constitute a change in the ownership or effective control of
the Company or a change in the ownership of a substantial portion of the assets
of the Company under Section 409A, then each such Award shall become vested and
non-forfeitable; provided, however, that the Grantee shall not be able to
exercise the Award, and the Award shall not become payable, except in accordance
with the terms of such Award or until such earlier time as the exercise and/or
payment complies with Section 409A of the Code.

ARTICLE 13

AMENDMENT, MODIFICATION AND TERMINATION

        13.1    Amendment, Modification, and Termination.    Subject to the
terms of the Plan, the Board may at any time and from time to time, alter,
amend, suspend or terminate the Plan in whole or in part. To the extent
applicable and required by Code Sections 162(m) or 422 or the rules of the New
York Stock Exchange (or such other exchange upon which the Company lists its
shares for trading) or any other applicable law, rule or regulation, no
amendment and no transaction that would constitute a repricing shall be
effective unless approved by the Company's stockholders. The Board may delegate
to the Plan Committee any or all of the authority of the Board under
Section 13.1 to alter, amend, suspend or terminate the Plan.

        13.2    Adjustment of Awards Upon the Occurrence of Certain Unusual or
Nonrecurring Events.    The Committee may make adjustments in the terms and
conditions of, and the criteria included in, Awards in recognition of unusual or
nonrecurring events (including the events described in Section 4.2) affecting
the Company or the financial statements of the

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Company or of changes in applicable laws, regulations, or accounting principles,
whenever the Committee determines that such adjustments are appropriate in order
to prevent dilution or enlargement of the benefits or potential benefits
intended to be made available under the Plan; provided that no such adjustment
shall be authorized to the extent that such authority would be inconsistent with
the Plan's meeting the requirements of the Performance-Based Exception.

        13.3    Awards Previously Granted.    Notwithstanding any other
provision of the Plan to the contrary, no termination, amendment, or
modification of the Plan shall adversely affect in any material way any Award
previously granted under the Plan, without the written consent of the Grantee of
such Award.

ARTICLE 14

WITHHOLDING

        14.1    Withholding.    

        (a)   Mandatory Tax Withholding.

        (1)   Whenever, under the Plan, Shares are to be delivered upon exercise
or payment of an Award or upon Restricted Shares becoming nonforfeitable, or any
other event with respect to rights and benefits hereunder, the Company shall be
entitled to require (i) that the Grantee remit an amount in cash, or if
determined by the Committee, Shares, sufficient to satisfy all federal, state,
local and foreign tax withholding requirements related thereto ("Required
Withholding"), (ii) the withholding of such Required Withholding from
compensation otherwise due to the Grantee or from any Shares or other payment
due to the Grantee under the Plan or (iii) any combination of the foregoing.

        (2)   Any Grantee who makes a Disqualifying Disposition or an election
under Section 83(b) of the Code shall remit to the Company an amount sufficient
to satisfy all resulting Required Withholding; provided that, in lieu of or in
addition to the foregoing, the Company shall have the right to withhold such
Required Withholding from compensation otherwise due to the Grantee or from any
Shares or other payment due to the Grantee under the Plan.

        (b)   Elective Share Withholding.

        (1)   Subject to subsection 14.1(b)(2), a Grantee may elect the
withholding ("Share Withholding") by the Company of a portion of the Shares
subject to an Award upon the exercise of such Award or upon Restricted Shares
becoming non-forfeitable or upon making an election under Section 83(b) of the
Code (each, a "Taxable Event") having a Fair Market Value equal to (i) the
minimum amount necessary to satisfy Required Withholding liability attributable
to the Taxable Event; or (ii) with the Committee's prior approval, a greater
amount, not to exceed the estimated total amount of such Grantee's tax liability
with respect to the Taxable Event.

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        (2)   Each Share Withholding election shall be subject to the following
conditions:

          (i)  any Grantee's election shall be subject to the Committee's
discretion to revoke the Grantee's right to elect Share Withholding at any time
before the Grantee's election if the Committee has reserved the right to do so
in the Award Agreement;

         (ii)  the Grantee's election must be made before the date (the "Tax
Date") on which the amount of tax to be withheld is determined; and

        (iii)  the Grantee's election shall be irrevocable.

        14.2    Notification under Code Section 83(b).    If the Grantee, in
connection with the exercise of any Option, or the grant of Restricted Shares,
makes the election permitted under Section 83(b) of the Code to include in such
Grantee's gross income in the year of transfer the amounts specified in
Section 83(b) of the Code, then such Grantee shall notify the Company of such
election within 10 days of filing the notice of the election with the Internal
Revenue Service, in addition to any filing and notification required pursuant to
regulations issued under Section 83(b) of the Code. The Committee may, in
connection with the grant of an Award or at any time thereafter prior to such an
election being made, prohibit a Grantee from making the election described
above.

ARTICLE 15

SUCCESSORS

        All obligations of the Company under the Plan with respect to Awards
granted hereunder shall be binding on any successor to the Company, whether the
existence of such successor is the result of a direct or indirect purchase,
merger, consolidation, or otherwise of all or substantially all of the business
and/or assets of the Company.

ARTICLE 16

ADDITIONAL PROVISIONS

        16.1    Gender and Number.    Except where otherwise indicated by the
context, any masculine term used herein also shall include the feminine, the
plural shall include the singular and the singular shall include the plural.

        16.2    Severability.    If any part of the Plan is declared by any
court or governmental authority to be unlawful or invalid, such unlawfulness or
invalidity shall not invalidate any other part of the Plan. Any Section or part
of a Section so declared to be unlawful or invalid shall, if possible, be
construed in a manner which will give effect to the terms of such Section or
part of a Section to the fullest extent possible while remaining lawful and
valid.

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        16.3    Requirements of Law.    The granting of Awards and the issuance
of Shares under the Plan shall be subject to all applicable laws, rules, and
regulations, and to such approvals by any governmental agencies or stock
exchanges as may be required. Notwithstanding any provision of the Plan or any
Award, Grantees shall not be entitled to exercise, or receive benefits under,
any Award, and the Company shall not be obligated to deliver any Shares or other
benefits to a Grantee, if such exercise or delivery would constitute a violation
by the Grantee or the Company of any applicable law or regulation.

        16.4    Securities Law Compliance.    

        (a)   If the Committee deems it necessary to comply with any applicable
securities law, or the requirements of any stock exchange upon which Shares may
be listed, the Committee may impose any restriction on Shares acquired pursuant
to Awards under the Plan as it may deem advisable. All certificates for Shares
delivered under the Plan pursuant to any Award or the exercise thereof shall be
subject to such stop transfer orders and other restrictions as the Committee may
deem advisable under the rules, regulations and other requirements of the SEC,
any stock exchange upon which Shares are then listed, any applicable securities
law, and the Committee may cause a legend or legends to be put on any such
certificates to make appropriate reference to such restrictions. If so requested
by the Company, the Grantee shall make a written representation to the Company
that he or she will not sell or offer to sell any Shares unless a registration
statement shall be in effect with respect to such Shares under the Securities
Act of 1993, as amended, and any applicable state securities law or unless he or
she shall have furnished to the Company evidence satisfactory to the Company
that such registration is not required.

        (b)   If the Committee determines that the exercise or nonforfeitability
of, or delivery of benefits pursuant to, any Award would violate any applicable
provision of securities laws or the listing requirements of any stock exchange
upon which any of the Company's equity securities are listed, then the Committee
may postpone any such exercise, nonforfeitability or delivery, as applicable,
but the Company shall use all reasonable efforts to cause such exercise,
nonforfeitability or delivery to comply with all such provisions at the earliest
practicable date.

        16.5    No Rights as a Stockholder.    A Grantee shall not have any
rights as a stockholder of the Company with respect to the Shares (other than
Restricted Shares) which may be deliverable upon exercise or payment of such
Award until such shares have been delivered to him or her. Restricted Shares,
whether held by a Grantee or in escrow by the Secretary of the Company, shall
confer on the Grantee all rights of a stockholder of the Company, except as
otherwise provided in the Plan or Award Agreement. At the time of a grant of
Restricted Shares, the Committee may require the payment of cash dividends
thereon to be deferred and, if the Committee so determines, reinvested in
additional Restricted Shares. Stock dividends and deferred cash dividends issued
with respect to Restricted Shares shall be subject to the same restrictions and
other terms as apply to the Restricted Shares with respect to which such
dividends are issued. The Committee may provide for payment of interest on
deferred cash dividends.

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        16.6    Nature of Payments.    Awards shall be special incentive
payments to the Grantee and shall not be taken into account in computing the
amount of salary or compensation of the Grantee for purposes of determining any
pension, retirement, death or other benefit under (a) any pension, retirement,
profit-sharing, bonus, insurance or other employee benefit plan of the Company
or any Subsidiary or (b) any agreement between (i) the Company or any Subsidiary
and (ii) the Grantee, except as such plan or agreement shall otherwise expressly
provide.

        16.7    Governing Law.    The Plan, and all agreements hereunder, shall
be construed in accordance with and governed by the laws of the State of
Delaware other than its laws respecting choice of law.

        16.8    Code Section 409A Compliance.    Notwithstanding any provision
of the Plan, to the extent that any Award would be subject to Section 409A of
the Code, no such Award may be granted if it would fail to comply with the
requirements set forth in Section 409A of the Code. To the extent that the
Committee determines that the Plan or any Award is subject to Section 409A of
the Code and fails to comply with the requirements of Section 409A of the Code,
notwithstanding anything to the contrary contained in the Plan or in any Award
Agreement, the Committee, reserves the right to amend or terminate the Plan
and/or amend, restructure, terminate or replace the Award in order to cause the
Award to either not be subject to Section 409A of the Code or to comply with the
applicable provisions of such section.

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Exhibit 10.2

2005 Long Term Incentive Stock Plan
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JANUS CAPITAL GROUP INC. 2005 LONG TERM INCENTIVE STOCK PLAN