Exhibit 10.1

JANUS CAPITAL GROUP INC.

OUTSIDE DIRECTOR COMPENSATION PROGRAM

Annual Board cash retainer

 

$

100,000

 

 

 

 

 

Annual Board stock retainer grant

 

$

100,000
immediate vesting

 

 

 

 

 

Annual Committee cash retainer (per Committee)

 

$

10,000

 

 

 

 

 

Additional annual cash retainer for Audit Committee Chair

 

$

25,000

 

 

 

 

 

Additional annual cash retainer for Compensation Committee Chair and Nominating
and Corporate Governance Committee Chair

 

$ 

15,000

 

 

 

 

 

Non-Executive Chairman: annual cash retainer (payable in equal quarterly
installments)

 

$ 

250,000

 

 

 

 

 

Non-Executive Chairman: stock retainer grant

 

$

470,000
immediate vesting

 

 

 

 

 

Board: one-time restricted stock grant upon joining

 

$

100,000
3-year vesting

 

 

 

 

 

Non-Executive Chairman: one-time stock option grant upon appointment

 

$ 

300,000
3-year vesting

 

 

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Notes:

1.                 The Director Compensation Program eliminated Board and
Committee fees for participating in meetings.

2.                 In the event of extraordinary circumstances that require a
material increase in the number of Committee and/or Board meetings, the Board
may reinstate meeting fees or adjust the annual retainer amounts as deemed
appropriate by the Board.

3.                 All compensation may be deferred at the election of a
director under the Company’s Directors Deferred Fee Plan.  Equity awards are
deferred in the form of restricted stock units.

4.                 All amounts are subject to proration if director joins after
commencement of directors’ fiscal year (fiscal year begins on date of Annual
Shareholders Meeting).

5.                 The additional $470,000 stock retainer is for fiscal year
2007-2008, and may be adjusted, reduced or eliminated based on the Compensation
Committee’s and Boards’ annual evaluation.

 

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