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  Exhibit 10.14.1    
    

 
 

  AMENDMENT ONE TO THE
  JANUS 401(K), PROFIT SHARING AND
  EMPLOYEE STOCK OWNERSHIP PLAN    
    

 
 

  ARTICLE I
  PREAMBLE    
    

	1.1
	Effective date of Amendment. The Employer adopts this Amendment to the Plan to reflect recent law changes.
This Amendment is effective as indicated below for the respective provisions.

	1.2
	Superseding of inconsistent provisions. This Amendment supersedes the provisions of the Plan to the extent
those provisions are inconsistent with the provisions of this Amendment.

	1.3
	Employer's election. The Employer adopts all the default provisions of this Amendment except as otherwise
elected in the Article XVI of this Amendment.

	1.4
	Construction. Except as otherwise provided in this Amendment, any reference to "Section" in this Amendment
refers only to sections within this Amendment, and is not a reference to the Plan. The Article and Section numbering in this Amendment is solely for purposes of this Amendment, and does not relate to
any Plan article, section or other numbering designations.

	1.5
	Effect of restatement of Plan. If the Employer restates the Plan, then this Amendment shall remain in effect
after such restatement unless the provisions in this Amendment are restated or otherwise become obsolete (e.g., if the Plan is restated onto a plan
document which incorporates PPA provisions). 

 
 

  ARTICLE II
  DEFAULT PROVISIONS    
    

	2.1
	Default Provisions. Unless the Employer elects otherwise in the Article XVI of this Amendment, the
following defaults will apply:

	a.
	If the Plan provides for Employer nonelective contributions and has a vesting schedule for Employer
nonelective contributions that does not meet the Pension Protection Act of 2006 (PPA), then the vesting schedule for any Employer nonelective contributions for Participants who complete an Hour of
Service in a Plan Year beginning after December 31, 2006, will be the schedule below. Such schedule will apply to all Employer nonelective contributions, even those made for
pre-2007 Plan Years. 

If
the Plan has a graded vesting schedule (i.e., the vesting schedule includes a vested percentage that is more than 0% and less than 100%), then the vesting schedule will be a
6-year graded schedule (20% after 2 years of vesting service and an additional 20% for each year thereafter). 

If
the Plan has a cliff vesting schedule that requires more than 3 years of vesting service, then nonelective contributions will be nonforfeitable upon the completion of 3 years of
vesting service.  

	b.
	Nonspousal beneficiary rollovers are not implemented for distributions made between January 1, 2007
and December 31, 2009. (Article VII provides that such distributions must be allowed after December 31, 2009 as required by law.)

	c.
	Hardship distributions for expenses of a beneficiary are not allowed. 

1

 

	d.
	The option to permit in-service distributions at age 62 (with respect to amounts attributable to
a money purchase pension plan, target benefit plan, or any other defined contribution plan that has received a transfer of assets from a pension plan) is not adopted.

	e.
	Qualified Reservist Distributions are not allowed.

	f.
	Continued benefit accruals pursuant to the Heroes Earnings Assistance and Relief Tax Act of 2008 (HEART Act)
are not provided. 

 
 

  ARTICLE III
  NONELECTIVE CONTRIBUTION VESTING    
    

	3.1
	Applicability. This Article applies to Participants who complete an Hour of Service in a Plan Year beginning
after December 31, 2006, with respect to accrued benefits derived from Employer nonelective contributions made in Plan Years beginning after December 31, 2006. Unless otherwise elected
by the Employer in Article XVI, Section 16.2 below, this Article also will apply to all Employer nonelective contributions subject to a vesting schedule, including Employer nonelective
contributions allocated under the Plan terms as of a date in a Plan Year beginning before January 1, 2007.

	3.2
	Vesting schedule. A Participant's accrued benefit derived from Employer nonelective contributions vests as
provided in Section 2.1.a, or if applicable, Article XVI, Section 16.2. 

 
 

  ARTICLE IV
  PARTICIPANT DISTRIBUTION NOTIFICATION    
    

	4.1
	180-day notification period. For any distribution notice issued in Plan Years beginning after
December 31, 2006, any reference to the 90-day maximum notice period prior to distribution in applying the notice requirements of Code §§402(f) (the rollover
notice), 411(a)(11) (Participant's consent to distribution), and 417 (notice under the joint and survivor annuity rules) will become 180 days.

	4.2
	Notice of right to defer distribution. For any distribution notice issued in Plan Years beginning after
December 31, 2006, the description of a Participant's right, if any, to defer receipt of a distribution also will describe the consequences of failing to defer receipt of the distribution. For
notices issued before the 90th day after the issuance of Treasury regulations (unless future Revenue Service guidance otherwise requires), the notice will include: (i) a description
indicating the investment options available under the Plan (including fees) that will be available if the Participant defers distribution; and (ii) the portion of the summary plan description
that contains any special rules that might affect materially a Participant's decision to defer. 

 
 

  ARTICLE V
  ROLLOVER OF AFTER-TAX/ROTH AMOUNTS    
    

	5.1
	Direct rollover to qualified plan/403(b) plan. For taxable years beginning after December 31, 2006, a
Participant may elect to transfer employee (after-tax) or Roth elective deferral contributions by means of a direct rollover to a qualified plan or to a 403(b) plan that agrees to account
separately for amounts so transferred, including accounting separately for the portion of such distribution which is includible in gross income and the portion of such distribution which is not
includible in gross income. 

2

 
 
 

  ARTICLE VI
  DIVESTMENT OF EMPLOYER SECURITIES    
    

	6.1
	Rule applicable to elective deferrals and employee contributions. For Plan Years beginning after
December 31, 2006, if any portion of the account of a Participant (including, for purposes of this Article VI, a beneficiary entitled to exercise the rights of a Participant)
attributable to elective deferrals or employee contributions is invested in publicly-traded Employer securities, the Participant may elect to direct the Plan to divest any such securities, and to
reinvest an equivalent amount in other investment options which satisfy the requirements of Section 6.3.

	6.2
	Rule applicable to Employer contributions. If any portion of a Participant's account attributable to
Employer nonelective or Employer matching contributions is invested in publicly-traded Employer securities, then a Participant who has completed at least 3 years of vesting service, or a
beneficiary of any deceased Participant entitled to exercise the right of a Participant, may elect to direct the Plan to divest any such securities, and to reinvest an equivalent amount in other
investment options which satisfy the requirements of Section 6.3.

	a.
	Three-year phase-in applicable to Employer contributions. For Employer securities
acquired with Employer nonelective or Employer matching contributions during a Plan Year beginning before January 1, 2007, the rule described in this Section 6.2 only applies to the
percentage of the Employer securities (applied separately for each class of securities) as follows: 

 

 

					
	Plan Year

 
	 	Percentage 	 
	 2007
	 	 	33	%
	 2008
	 	 	66	%
	 2009
	 	 	100	%

 

 
	b.
	Exception to phase-in for certain age 55 Participants. The 3-year
phase-in rule of Section 6.2.a does not apply to a Participant who has attained age 55 and who has completed at least 3 years of service before the first Plan Year beginning
after December 31, 2005.

 

	6.3
	Investment options. For purposes of this Article VI, other investment options must include not less
than 3 investment options, other than Employer securities, to which the Participant may direct the proceeds of divestment of Employer securities required by this Article VI, each of which
options is diversified and has materially different risk and return characteristics. The Plan must provide reasonable divestment and reinvestment opportunities at least quarterly. Except as provided
in regulations, the Plan may not impose restrictions or conditions on the investment of Employer securities which the Plan does not impose on the investment of other Plan assets, other than
restrictions or conditions imposed by reason of the application of securities laws or a condition permitted under IRS Notice 2006-107 or other applicable guidance.

	6.4
	Exceptions for certain plans. This Article VI does not apply to a one-participant plan,
as defined in Code §401(a)(35)(E)(iv), or to an employee stock ownership plan ("ESOP") if: (i) there are no contributions to the ESOP (or related earnings) attributable to elective
deferrals or matching contributions; and (ii) the ESOP is a separate plan, for purposes of Code §414(l), from any other defined benefit plan or defined contribution plan maintained
by the same employer or employers.

	6.5
	Treatment as publicly traded Employer securities. Except as provided in Treasury regulations or in Code
§401(a)(35)(F)(ii) (relating to certain controlled groups), a plan holding Employer securities which are not publicly traded Employer securities is treated as holding publicly traded
Employer securities if any Employer corporation, or any member of a controlled group of corporations which includes such Employer corporation (as defined in Code §401(a)(35)(F)(iii)) has
issued a class of stock which is a publicly traded Employer security. 

3

 
 
 

  ARTICLE VII
  DIRECT ROLLOVER OF NON-SPOUSAL DISTRIBUTION    
    

	7.1
	Non-spouse beneficiary rollover right. For distributions after December 31, 2009 (and if
otherwise elected in Article XVI, Section 16.3 of this Amendment, for distributions beginning as of the date specified in such Section), a non-spouse beneficiary who is a
"designated beneficiary" under Code §401(a)(9)(E) and the regulations thereunder, by a direct trustee-to-trustee transfer ("direct rollover"), may roll over all or
any portion of his or her distribution to an individual retirement account the beneficiary establishes for purposes of receiving the distribution. In order to be able to roll over the distribution,
the distribution otherwise must satisfy the definition of an eligible rollover distribution.

	7.2
	Certain requirements not applicable. Although a non-spouse beneficiary may roll over directly a
distribution as provided in Section 7.1, any distribution made prior to January 1, 2010 is not subject to the direct rollover requirements of Code §401(a)(31) (including Code
§401(a)(31)(B), the notice requirements of Code §402(f) or the mandatory withholding requirements of Code §3405(c)). If a non-spouse beneficiary
receives a distribution from the Plan, the distribution is not eligible for a "60-day" rollover.

	7.3
	Trust beneficiary. If the Participant's named beneficiary is a trust, the Plan may make a direct rollover to
an individual retirement account on behalf of the trust, provided the trust satisfies the requirements to be a designated beneficiary within the meaning of Code §401(a)(9)(E).

	7.4
	Required minimum distributions not eligible for rollover. A non-spouse beneficiary may not roll
over an amount which is a required minimum distribution, as determined under applicable Treasury regulations and other Revenue Service guidance. If the Participant dies before his or her required
beginning date and the non-spouse beneficiary rolls over to an IRA the maximum amount eligible for rollover, the beneficiary may elect to use either the 5-year rule or the life
expectancy rule, pursuant to Treas. Reg. §1.401(a)(9)-3, A-4(c), in determining the required minimum distributions from the IRA that receives the
non-spouse beneficiary's distribution. 

 
 

  ARTICLE VIII
  DISTRIBUTION BASED ON BENEFICIARY HARDSHIP    
    

	8.1
	Beneficiary-based distribution. If elected in Article XVI, Section 16.4, then beginning as of
the date specified in such Section, a Participant's hardship event, for purposes of the Plan's safe harbor hardship distribution provisions pursuant to Treas. Reg.
§1.401(k)-1(d)(3)(iii)(B), includes an immediate and heavy financial need of the Participant's primary beneficiary under the Plan, that would constitute a hardship event if it
occurred with respect to the Participant's spouse or dependent as defined under Code §152 (such hardship events being limited to educational expenses, funeral expenses and certain medical
expenses). For purposes of this Article, a Participant's "primary beneficiary under the Plan" is an individual who is named as a beneficiary under the Plan and has an unconditional right to all or a
portion of the Participant's account balance under the Plan upon the Participant's death. 

 
 

  ARTICLE IX
  IN-SERVICE PENSION DISTRIBUTIONS    
    

	9.1
	Age 62 distributions. If elected in Article XVI, Section 16.5, then beginning as of the date
specified in such Section, if the Plan is a money purchase pension plan, a target benefit plan, or any other defined contribution plan that has received a transfer of assets from a pension plan, a
Participant who has attained age 62 and who has not separated from employment may elect to receive a distribution of his or her vested account balance (or in case of a transferee plan, of the
transferred account balance). 

4

 
 
 

  ARTICLE X
  QUALIFIED RESERVIST DISTRIBUTION    
    

	10.1
	401(k) and 403(b) distribution restrictions. If elected in Article XVI, Section 16.6, then
effective as of the date specified in such Section, the Plan permits a Participant to elect a Qualified Reservist Distribution, as defined in this Article X.

	10.2
	Qualified Reservist Distribution defined. A "Qualified Reservist Distribution" is any distribution to an
individual who is ordered or called to active duty after September 11, 2001, if: (i) the distribution is from amounts attributable to elective deferrals in a 401(k) or 403(b) plan;
(ii) the individual was (by reason of being a member of a reserve component, as defined in section 101 of title 37, United States Code) ordered or called to active duty for a period in
excess of 179 days or for an indefinite period; and (iii) the Plan makes the distribution during the period beginning on the date of such order or call, and ending at the close of the
active duty period. 

 
 

  ARTICLE XI
  OTHER 401(k)/401(m) PLAN PROVISIONS    
    

	11.1
	Gap period income on distributed excess contributions and excess aggregate contributions. This Section
applies to excess contributions (as defined in Code §401(k)(8)(B)) and excess aggregate contributions (as defined in Code §401(m)(6)(B)) made with respect to Plan Years
beginning after December 31, 2007. The Plan Administrator will not calculate and distribute allocable income for the gap period (i.e., the period after the close of the Plan Year in
which the excess contribution or excess aggregate contribution occurred and prior to the distribution).

	11.2
	Gap period income on distributed excess deferrals. With respect to 401(k) and 403(b) plan excess deferrals
(as defined in Code §402(g)) made in taxable year 2007, the Plan Administrator must calculate allocable income for the taxable year and also for the gap period (i.e., the period
after the close of the taxable year in which the excess deferral occurred and prior to the distribution); provided that the Plan Administrator will calculate and distribute the gap period allocable
income only if the Plan Administrator in accordance with the Plan terms otherwise would allocate the gap period allocable income to the Participant's account. With respect to 401(k) and 403(b) plan
excess deferrals made in taxable years after 2007, gap period income may not be distributed.

	11.3
	Plan termination distribution availability. For purposes of determining whether the Employer maintains an
alternative defined contribution plan (described in Treas. Reg. §1.401(k)-1(d)(4)(i)) that would prevent the Employer from distributing elective deferrals (and other amounts,
such as QNECs, that are subject to the distribution restrictions that apply to elective deferrals) from a terminating 401(k) plan, an alternative defined contribution plan does not include an employee
stock ownership plan defined in Code §§4975(e)(7) or 409(a), a simplified employee pension as defined in Code §408(k), a SIMPLE IRA plan as defined in Code
§408(p), a plan or contract that satisfies the requirements of Code §403(b), or a plan that is described in Code §§457(b) or (f). 

 
 

  ARTICLE XII
  QUALIFIED OPTIONAL SURVIVOR ANNUITY    
    

	12.1
	Right to Elect Qualified Optional Survivor Annuity. Effective with respect to Plan Years beginning after
December 31, 2007, a participant who elects to waive the qualified joint and survivor annuity form of benefit, if offered under the Plan, is entitled to elect the "qualified optional survivor
annuity" at any time during the applicable election period. Furthermore, the written explanation of the joint and survivor annuity shall explain the terms and conditions of the "qualified optional
survivor annuity." 

5

 
	12.2
	Definition of Qualified Optional Survivor Annuity.

	a.
	General. For purposes of this Article, the term "qualified optional survivor annuity" means an
annuity:

	(1)
	For
the life of the participant with a survivor annuity for the life of the spouse which is equal to the "applicable percentage" of the amount of the
annuity which is payable during the joint lives of the Participant and the spouse, and

	(2)
	Which
is the actuarial equivalent of a single annuity for the life of the participant. 

Such
term also includes any annuity in a form having the effect of an annuity described in the preceding sentence.  

	b.
	Applicable percentage. For purposes of this Section, the "applicable percentage" is based on the survivor
annuity percentage (i.e., the percentage which the survivor annuity under the Plan's qualified joint and survivor annuity bears to the annuity payable
during the joint lives of the participant and the spouse). If the survivor annuity percentage is less than 75 percent, then the "applicable percentage" is 75 percent; otherwise, the
"applicable percentage" is 50 percent. 

 
 

  ARTICLE XIII
  DIRECT ROLLOVER TO ROTH IRA    
    

	13.1
	Roth IRA rollover. For distributions made after December 31, 2007, a participant may elect to roll
over directly an eligible rollover distribution to a Roth IRA described in Code §408A(b). 

 
 

  ARTICLE XIV
  QUALIFIED DOMESTIC RELATIONS ORDERS    
    

	14.1
	Permissible QDROs. Effective April 6, 2007, a domestic relations order that otherwise satisfies the
requirements for a qualified domestic relations order ("QDRO") will not fail to be a QDRO: (i) solely because the order is issued after, or revises, another domestic relations order or QDRO; or
(ii) solely because of the time at which the order is issued, including issuance after the annuity starting date or after the Participant's death.

	14.2
	Other QDRO requirements apply. A domestic relations order described in Section 14.1 is subject to
the same requirements and protections that apply to QDROs. 

 
 

  ARTICLE XV
  HEART ACT PROVISIONS    
    

	15.1
	Death benefits. In the case of a death occurring on or after January 1, 2007, if a Participant dies
while performing qualified military service (as defined in Code § 414(u)), the survivors of the Participant are entitled to any additional benefits (other than benefit accruals
relating to the period of qualified military service) provided under the Plan as if the Participant had resumed and then terminated employment on account of death.

	15.2
	Benefit accrual. If the Employer elects in Article XVI, Section 16.7 to apply this
Section 15.2, then for benefit accrual purposes, the Plan treats an individual who dies or becomes disabled on or after January 1, 2007 (as defined under the terms of the Plan) while
performing qualified military service with respect to the Employer as if the individual had resumed employment in accordance with the individual's reemployment rights under USERRA, on the day
preceding death or disability (as the case may be) and terminated employment on the actual date of death or disability. 

6

 

	a.
	Determination of benefits. The Plan will determine the amount of employee contributions and the amount of
elective deferrals of an individual treated as reemployed under this Section 15.2 for purposes of applying paragraph Code §414(u)(8)(C) on the basis of the individual's average
actual employee contributions or elective deferrals for the lesser of: (i) the 12-month period of service with the Employer immediately prior to qualified military service; or
(ii) if service with the Employer is less than such 12-month period, the actual length of continuous service with the Employer.

 

	15.3
	Differential wage payments. For years beginning after December 31, 2008, (i) an individual
receiving a differential wage payment, as defined by Code §3401(h)(2), is treated as an employee of the Employer making the payment, (ii) the differential wage payment is treated as
compensation, and (iii) the Plan is not treated as failing to meet the requirements of any provision described in Code §414(u)(1)(C) by reason of any contribution or benefit which
is based on the differential wage payment.

	15.4
	Severance from employment. Notwithstanding Section 15.3(i), an individual is treated as having been
severed from employment during any period the individual is performing service in the uniformed services described in Code §3401(h)(2)(A) (for purposes of Code
§401(k)(2)(B)(i)(I) with respect to 401(k) plans; for purposes of §403(b)(7)(A)(ii) and 403(b)(11) with respect to 403(b) plans; and for purposes of Treas. Reg.
§1.457-6(b)(1) with respect to 457(b) plans.)

	a.
	Suspension of deferrals. If an individual elects to receive a distribution by reason of severance from
employment, death or disability, the individual may not make an elective deferral or employee contribution during the 6-month period beginning on the date of the distribution.

	b.
	Nondiscrimination requirement. Section 15.3(iii) applies only if all employees of the Employer
performing service in the uniformed services described in Code §3401(h)(2)(A) are entitled to receive differential wage payments (as defined in Code §3401(h)(2)) on reasonably
equivalent terms and, if eligible to participate in a retirement plan maintained by the Employer, to make contributions based on the payments on reasonably equivalent terms (taking into account Code
§§410(b)(3), (4), and (5)). 

 
 

  ARTICLE XVI
  EMPLOYER'S ALTERNATIVE ELECTIONS    
    

	16.1
	The Employer only needs to complete the questions in Sections 16.2 through 16.7 below in order to override the default
provisions set forth in Article II.

	16.2
	Vesting (Article III). The default vesting schedule applies unless a. is elected below.

	a.
	o In lieu of the default vesting provision of
Section 2.1.a, the Employer elects the following schedule:

	1.
	o 3 year cliff (a Participant's accrued benefit derived
from Employer nonelective contributions is nonforfeitable upon the Participant's completion of three years of vesting service). [Choose only if a change from graded vesting to cliff
vesting is desired.]

	2.
	o 6 year graded schedule (20% after 2 years of
vesting service and an additional 20% for each year thereafter). [Choose only if a change from cliff vesting to graded vesting is desired.] 

7

 

	3.
	o Other (must be at least as liberal as 1. or 2. above at each
point in time): 

 

 

						
	Years of vesting service 	 	Nonforfeitable percentage 	 
	 	            	 	 	        	%
	 	            	 	 	        	%
	 	            	 	 	        	%
	 	            	 	 	        	%
	 	            	 	 	        	%
	 	            	 	 	        	%

 

 
	b.
	The vesting schedule set forth herein (under Section 2.1.a or 16.2.a, as applicable) only applies to
Participants who complete an Hour of Service in a Plan Year beginning after December 31, 2006, unless elected below. 

o
The post-PPA vesting schedule applies to all Participants, including those who did not
complete an Hour of Service in post-2006 Plan Years.  

	c.
	The vesting schedule set forth herein (under Section 2.1.a or 16.2.a, as applicable) applies to  all Employer nonelective contributions subject
to a vesting schedule, unless elected below. 

o
The vesting schedule will only apply to Employer nonelective contributions made in Plan Years beginning after December 31, 2006 (the prior
schedule will apply to Employer nonelective contributions made in pre-2007 Plan Years).  

	16.3
	Non-spousal rollovers (Article VII). Non-spousal rollovers are not allowed
between January 1, 2007 and December 31, 2009 unless elected below (Article VII provides that such distributions must be allowed by law after December 31, 2009): 

ý
Non-spousal rollovers are allowed effective December 31, 2007 (not earlier than
January 1, 2007 and not later than January 1, 2010).  

	16.4
	Hardships (Article VIII). Hardship distributions for expenses of beneficiaries will not be allowed
unless elected below: 

ý
Hardship distributions are allowed for beneficiary expenses (See IRS Notice 2007-7) (applies only for 401(k), 403(b), 457(b) or profit
sharing plans that allow hardship distributions) effective as of August 17, 2006 unless another date is elected below: 

ý December 31, 2007 (may not be earlier than August 17, 2006).  

	16.5
	In-service distributions (Article IX). In-service distributions at age 62
will not be allowed (except as otherwise permitted under the Plan without regard to this Amendment) unless elected below:

	a.
	o In-service distributions will be allowed for
Participants at age 62 (generally applies only for money purchase (including target benefit) plans, but may apply to any other defined contribution plans that have received a transfer of assets from a
pension plan) effective as of the first day of the 2007 Plan Year unless another date is elected below:

	1.
	o                        (may not be
earlier than the first day of the
2007 Plan Year).

AND, the following limitations apply to in-service distributions: 

	2.
	o The Plan already provides for in-service
distributions and the restrictions set forth in the Plan (e.g., minimum amount of distributions or frequency of distributions) are applicable to
in-service distributions at age 62.

	3.
	o N/A. No limitations. 

8

 

	4.
	o The following elections apply to in-service
distributions at age 62 (select all that apply):

	i.
	o The minimum amount of a distribution is $            (may
not exceed $1,000).

	ii.
	o No more
than                        distribution(s) may be made to
a Participant during a Plan Year.

	iii.
	o Distributions may only be made from accounts which are
fully Vested.

	iv.
	o In-service distributions may be made subject to
the following provisions:                        (must be definitely determinable and not subject to discretion).

 

	16.6
	Qualified Reservist Distributions (Article X). Qualified Reservist distributions will not be allowed
unless elected below:

o
Qualified Reservist Distributions are allowed effective as of                        (may not be earlier than September 12,
2001). 

	16.7
	Continued benefit accruals (Article XV). Continued benefit accruals for the HEART Act (Amendment
Section 15.2) will not apply unless elected below: 

o
The provisions of Amendment Section 15.2 apply. 

*      *      *      *      *      *      *   
   *      *      *      *      *      *      *  
    *
 

        IN WITNESS WHEREOF, this Amendment has been executed this        day
of                        , 20    

 

 

			
	 	 	 JANUS CAPITAL GROUP INC.

 

 

 

					
	 	 	By:	 	 
	 	 	 	 	

  
	 	 	 	 	 
	 	 	Print Name:	 	 
	 	 	 	 	

  
	 	 	 	 	 
	 	 	Print Title:	 	 
	 	 	 	 	

  

 

 9

 
 

  Corporate Assistant Secretary Certification
  Janus Capital Group Inc.    
    

I,
Curtis R. Foust, Assistant Secretary of the Plan Sponsor, do hereby certify that the below is a true and correct copy of original resolutions unanimously adopted by the Compensation Committee of
the Board of Directors of the Plan Sponsor at their meeting held on the            day
of                        , 20    . 

WHEREAS,
Janus Capital Group Inc., hereinafter referred to as the "Plan Sponsor," has previously established the Janus Capital Group Inc. 401(k), Profit Sharing and Employee Stock
Ownership Plan (the "Plan") for the benefit of eligible employees and their beneficiaries; and 

WHEREAS,
pursuant to Section 8.03 of the Plan, the Compensation Committee of the Board of Directors of the Plan Sponsor (the "Committee") is authorized to amend the Plan on its behalf; and 

WHEREAS,
the Committee is desirous of amending the Plan effective as of the date hereinabove stated; and 

NOW,
THEREFORE BE IT RESOLVED, that the Committee hereby approves the Committee's recommendation to amend the Plan to comply with the Pension Protection Act of 2006 ("PPA") and the Heroes Earnings
Assistance and Relief Tax Act of 2008 ("HEART Act"); and be it further 

RESOLVED,
the Plan is hereby amended to be generally effective as of January 1, 2009, with such amendment to be substantially in the form of Amendment One to the Janus Capital Group Inc.
401(k), Profit Sharing and Employee Stock Ownership Plan (the "PPA / HEART Amendment") attached; and further be it 

RESOLVED,
that the proper officers of the Plan Sponsor be, and each of them hereby is, authorized, empowered and directed on behalf of the Plan Sponsor and in its name, to do and perform such other
things and acts and to execute, deliver and/or file with the appropriate entities and governmental agencies such instruments, certificates, amendments, restatements, disclosures and documents as they
shall determine to be necessary, appropriate or desirable, consistent with the foregoing resolutions to properly disclose the foregoing actions and to carry out the intent and purposes of the
foregoing resolutions to the fullest extent. 

Dated
as of                        , 20    

 

 

			
	 	 	

  Curt R. Foust, Assistant Secretary

 

 [SEAL]

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Exhibit 10.14.1

AMENDMENT ONE TO THE JANUS 401(K), PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN

ARTICLE I PREAMBLE

ARTICLE II DEFAULT PROVISIONS

ARTICLE III NONELECTIVE CONTRIBUTION VESTING

ARTICLE IV PARTICIPANT DISTRIBUTION NOTIFICATION

ARTICLE V ROLLOVER OF AFTER-TAX/ROTH AMOUNTS

ARTICLE VI DIVESTMENT OF EMPLOYER SECURITIES

ARTICLE VII DIRECT ROLLOVER OF NON-SPOUSAL DISTRIBUTION

ARTICLE VIII DISTRIBUTION BASED ON BENEFICIARY HARDSHIP

ARTICLE IX IN-SERVICE PENSION DISTRIBUTIONS

ARTICLE X QUALIFIED RESERVIST DISTRIBUTION

ARTICLE XI OTHER 401(k)/401(m) PLAN PROVISIONS

ARTICLE XII QUALIFIED OPTIONAL SURVIVOR ANNUITY

ARTICLE XIII DIRECT ROLLOVER TO ROTH IRA

ARTICLE XIV QUALIFIED DOMESTIC RELATIONS ORDERS

ARTICLE XV HEART ACT PROVISIONS

ARTICLE XVI EMPLOYER'S ALTERNATIVE ELECTIONS

Corporate Assistant Secretary Certification Janus Capital Group Inc.QuickLinks
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  Exhibit 10.17.3    
    

 
 

  JANUS LONG TERM INCENTIVE AWARD ("LTI") ACCEPTANCE FORM    
    

[Name]
[Address]
[City, State ZIP]

        The
Company grants to [Name] ("you" or "Grantee"), effective February 5, 2010, a Restricted Stock Award, Non-Qualified Stock Option Award and
Mutual Fund Unit Award (collectively, the "LTI Awards") as described below, subject to the 2005 Long Term Incentive Stock Plan and Mutual Fund Share Investment Plan Company Plan (collectively, the
"Company Plans") and the attached Appendices. 

 

 

				
	 Restricted Stock Award—see Terms of Restricted Stock Award attached as Appendix A
	 	Number of Shares Granted:	 	[RSA shares]
	 Non-Qualified Stock Option Award—see Terms of Non-Qualified Stock Option Award attached as Appendix B
	 	Number of Option Shares Granted:	 	[Option shares]
	 	Option or Exercise Price:	 	[Exercise Price]
	 	Expiration Date (7 year term):	 	[Expiration Date]
	 	(must exercise before the Expiration Date)	 	 
	 Mutual Fund Unit Award—see Terms of Mutual Fund Unit Award attached as Appendix C
	 	Value on Grant Date:	 	$

 

 
        a.     Except
as otherwise provided herein and/or in the Company Plans, the LTI Awards will become vested and no longer subject to restriction on the vesting dates and in the
amounts indicated below, provided that you have not experienced a Termination of Affiliation and subject to the satisfaction of applicable Section 162(m) performance criteria, if any, as
established by the Janus Capital Group Inc. Compensation Committee (the "Committee"). However, in the event that a vesting date occurs on a day when the New York Stock Exchange is closed, then
such vesting date will occur on the next business day. 

 

 

					
	Date First Exercisable

 
	 	Percentage Vesting 	 
	 February 1, 2011
	 	 	25	%
	 February 1, 2012
	 	 	25	%
	 February 1, 2013
	 	 	25	%
	 February 1, 2014
	 	 	25	%

 

 
        b.     Notwithstanding
the provisions of (a) above, if there is a Change of Control, you have a Termination of Affiliation due to death or Disability, or upon Retirement
(as defined in the Company Plans), the LTI Awards shall vest in full. Except as provided above, in the event that you have a Termination of Affiliation, any portion of the LTI Awards that is unvested,
and any of your rights hereunder, shall be terminated, cancelled and forfeited effective immediately upon such Termination of Affiliation. 

        c.     In
accordance with the Company Plans, the Committee may, in its sole discretion, accelerate the vesting of all or a portion of the LTI Awards or waive any or all of the
terms and conditions applicable to this LTI Acceptance Form or the attached Appendices. This LTI Acceptance Form or the attached Appendices does not supersede, or otherwise amend or affect any other
LTI awards, agreements, rights or restrictions that may exist between the parties. 

1

 

        d.     Capitalized
terms used but not defined in this LTI Acceptance Form have the meaning specified in the Company Plans and/or in the attached Appendices. 

        By electronically accepting these LTI Awards, you acknowledge receipt of, and agree to be bound by the terms and conditions set forth in the LTI Acceptance Form,
Appendices and the Company Plans, all of which are incorporated by reference herein and are an integral part of these LTI Awards. In the event you fail to accept the LTI Awards within sixty
(60) days, the Company reserves the right to terminate
and forfeit the LTI Awards (including any rights provided for in this LTI Acceptance Form and Appendices), or to suspend or forfeit all of any vesting event(s) arising from the LTI
Awards.

 
 

  APPENDIX A—TERMS OF RESTRICTED STOCK AWARD    
    

	1.
	Grant of Restricted Stock Award. 

        Subject
to the provisions of this Appendix, the LTI Acceptance Form and the Company's 2005 Long Term Incentive Stock Plan, as may be amended from time to time (the "Plan"), the Company
hereby grants to the Grantee the number of restricted shares of common stock of the Company, par value $.01 per share ("Common Stock") identified under the Restricted Stock Award section of the
attached LTI Acceptance Form (the "Restricted Stock").  

	2.
	No Right to Continued Employment. 

        Nothing
in this Appendix or the Plan shall confer upon Grantee any right to continue providing services to, or be in the employ of, the Company or any Subsidiary or interfere in any way
with the right of the Company or any Subsidiary to terminate Grantee's association or employment at any time. For purposes of the LTI Acceptance Form and this Appendix, "Services" shall mean that the
Grantee is providing services to the Company or any Subsidiary in the capacity as an employee, a member of the board of directors of the parent company, a trustee of a Janus-affiliated investment
company trust, or a consultant pursuant to a written consulting agreement.  

	3.
	Unfair Interference. 

        During
Grantee's employment with the Company or any Subsidiary and during the twelve months after Termination of Affiliation, Grantee shall not: (i) knowingly and directly
solicit, hire or attempt to hire, or assist another in soliciting, hiring or attempting to hire, on behalf of any Competitive Business, any
person who is an employee or contractor of the Company or any Subsidiary; or (ii) knowingly and directly divert, attempt to divert, or solicit, or assist another in diverting, attempting to
divert or soliciting, the customer business of any Protected Client on behalf of a Competitive Business. For purposes of this section, "Competitive Business" means any business that provides
investment advisory or investment management services or related services; and "Protected Client" shall mean any person or entity to whom the Company or any Subsidiary provided investment advisory or
investment management services at any point during the six months preceding Grantee's Termination of Affiliation.  

	4.
	Clawback.

        Notwithstanding
anything to the contrary contained in this Agreement, if Grantee is found by a court of competent jurisdiction (in a final judgment that is either not appealed or is
non-appealable) or by any relevant regulator to have knowingly committed fraud against the Company or any of its Affiliates, or if Grantee is found to have actively participated in,
knowingly concealed or covered up, or knowingly failed to identify a material misstatement in the Company's financial statements, the Grantee's LTI award granted in the three calendar years prior to
such judgment or regulatory determination, whether vested or unvested, shall be immediately forfeited and cancelled, and Grantee shall promptly return and repay to the Company, in respect of any
Company shares, stock options or mutual fund units previously transferred to Grantee pursuant to such LTI award agreements, an 

2

 

amount
equal to the lesser of: (i) the fair market value of such shares, stock options (based on the intrinsic value of such stock options) or mutual fund units on the date of vesting, and
(ii) the fair market value of such shares, stock options (based on the intrinsic value of such stock options) or mutual fund units on the date on which such repayment obligation arises, in each
case, regardless of whether the Grantee previously sold or otherwise disposed of such shares.  

	5.
	Issuance of Shares. 

        Subject
to Section 11 (pertaining to the withholding of taxes), as soon as practicable after each vesting event under Subsection (a) of the LTI Acceptance Form, or if
Grantee had a Termination of Affiliation pursuant to Subsection (b) of the LTI Acceptance Form, as soon as practicable after such termination (in each case, provided there has been no prior
forfeiture of the Restricted Stock pursuant to the terms of this Appendix or the Plan), the Company shall issue (or cause to be delivered) to the Grantee one or more stock certificates or otherwise
transfer shares with respect to the Restricted Stock vesting (or
shall take other appropriate steps to reflect the Grantee's unrestricted ownership of all or a portion of the vested Restricted Stock that is subject to this Appendix).  

	6.
	Nontransferability of the Restricted Stock. 

        Any
unvested shares of the Restricted Stock shall not be transferable by the Grantee by means of sale, assignment, exchange, encumbrance, pledge or otherwise.  

	7.
	Rights as a Stockholder. 

        Except
as otherwise specifically provided in this Appendix, the Grantee shall have all the rights of a stockholder with respect to the Restricted Stock including, without limitation, the
right to vote the Restricted Stock and the right to receive dividend payments. Dividends and distributions other than regular cash dividends, if any, may result in an adjustment pursuant to
Section 8.  

	8.
	Adjustment in the Event of Change in Stock. 

        In
the event that the Committee determines that any dividend or other distribution (whether in the form of cash, Common Stock, other securities, or other property), recapitalization,
stock split, reverse stock split, subdivision, consolidation or reduction of capital, reorganization, merger, scheme of arrangement, split-up, spin-off or combination involving
the Company or repurchase or exchange of Common Stock or other rights to purchase Common Stock or other securities of the Company, or other similar corporate transaction or event that affects the
Common Stock such that an adjustment is determined by the Committee to be appropriate 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 the number and type of shares, or, if deemed appropriate, make provision for a cash payment to the Grantee or the
substitution of other property for shares of Restricted Stock; provided, that the number of shares of Restricted Stock shall always be a whole number.  

	9.
	Payment of Transfer Taxes, Fees and Other Expenses. 

        The
Company agrees to pay any and all original issue taxes and stock transfer taxes that may be imposed on the issuance of shares received by Grantee in connection with the Restricted
Stock, together with any and all other fees and expenses necessarily incurred by the Company in connection therewith.  

	10.
	Other Restrictions. 

        The
Restricted Stock shall be subject to the requirement that, if at any time the Committee shall determine that (i) the listing, registration or qualification of the shares of
Common Stock subject or related thereto upon any securities exchange or under any state or federal law, or (ii) the consent or approval of any government regulatory body, or (iii) an
agreement by the Grantee with respect to the 

3

 

disposition
of shares of Common Stock is necessary or desirable as a condition of, or in connection with, the delivery or purchase of shares pursuant thereto, then in any such event, the grant and/or
vesting of Restricted Stock shall not be effective unless such listing, registration, qualification, consent, approval or agreement shall have been effected or obtained free of any conditions not
acceptable to the Committee.  

	11.
	Taxes and Withholding. 

        No
later than the date as of which an amount first becomes includible in the gross income of the Grantee for federal income tax purposes with respect to any Restricted Stock, the Grantee
shall pay all federal, state, local and foreign taxes that are required by applicable laws and regulations to be withheld by either: (i) participating in the Company's Share Withholding Program
to have shares withheld and/or sold by the Company or its agent (provided that it will not result in adverse accounting consequences to the Company), or (ii) making other payment arrangements
satisfactory to the Company. The obligations of the Company under this Appendix shall be conditioned on compliance by the Grantee with this Section 11. It is intended that the foregoing
provisions of this Section 11 shall normally govern the payment of withholding taxes; however, if withholding is not accomplished under the preceding provisions of this Section 11, the
Grantee agrees that the Company shall, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the Grantee, including compensation or the delivery of
the Restricted Stock that gives rise to the withholding requirement.  

	12.
	Notices. 

        Any
notice to be given to the Company shall be addressed to the Company at its principal office, in care of its Assistant Corporate Secretary. Any notice to be given to Grantee shall be
addressed to Grantee at the address listed in the Company's records. By a notice given pursuant to this section, either party may designate a different address for notices. Any notice shall have been
deemed given (i) when actually delivered to the Company, or (ii) if to the Grantee, when actually delivered; when deposited in the U.S. Mail, postage prepaid and properly addressed to
the Grantee; or when delivered by overnight courier.  

	13.
	Binding Effect. 

        Except
as otherwise provided hereunder, this Appendix shall be binding upon and shall inure to the benefit of the heirs, executors or successors of the parties to this Appendix. 

	14.
	Laws Applicable to Construction. 

        The
interpretation, performance and enforcement of this Appendix shall be governed by the laws of the State of Delaware without reference to principles of conflict of laws, as applied to
contracts executed in and performed wholly within the State of Delaware. In addition to the terms and conditions set forth in this Appendix, the Restricted Stock is subject to the terms and conditions
of the Plan, which is hereby incorporated by reference.  

	15.
	Severability. 

        The
invalidity or enforceability of any provision of this Appendix shall not affect the validity or enforceability of any other provision of this Appendix.  

	16.
	Conflicts and Interpretation. 

        In
the event of any conflict between this Appendix and the Plan, the Plan shall control. In the event of any ambiguity in this Appendix, or any matters as to which this Appendix is
silent, the Plan shall govern including, without limitation, the provisions thereof pursuant to which the Committee has the power, among others, to (i) interpret the Plan,
(ii) prescribe, amend and rescind rules and 

4

 

regulations
relating to the Plan, and (iii) make all other determinations deemed necessary or advisable for the administration of the Plan.  

	17.
	Amendment; Section 409A of the Code. 

        Except
as otherwise provided for in this Appendix, this Appendix may not be modified, amended or waived except by an instrument in writing approved by both parties hereto which
specifically states that it is amending this Appendix. However, this Appendix is subject to the power of the Board or the Committee to amend the Plan as provided therein, except that no such amendment
shall adversely affect your rights under the LTI Acceptance Form or this Appendix without your consent. The waiver by either party of compliance with any provision of this Appendix shall not operate
or be construed as a waiver of any other provision of this Appendix, or of any subsequent breach by such party of a provision of this Appendix. Notwithstanding anything to the contrary contained in
the Plan or in this Appendix, to the extent that the Company determines that the Restricted Stock is subject to Section 409A of the Code and fails to comply with the requirements of
Section 409A of the Code, the Company reserves the right to amend, restructure, terminate or replace the Restricted Stock in order to cause the Restricted Stock to either not be subject to
Section 409A of the Code or to comply with the applicable provisions of such section.  

	18.
	Headings. 

        The
headings of Sections herein are included solely for convenience of reference and shall not affect the meaning or interpretation of any of the provisions of this Appendix. 

 
 

  APPENDIX B—TERMS OF NON-QUALIFIED STOCK OPTION AWARD    
    

	1.
	Grant of Non-Qualified Stock Option Award. 

        Subject
to the provisions of this Appendix, the LTI Acceptance Form and the Company's 2005 Long Term Incentive Stock Plan, as may be amended from time to time (the "Plan"), the Company
hereby grants to the Grantee a non-qualified stock option (the "Option Award") to purchase that number of shares of the Company's Common Stock ("Shares") identified under the
Non-Qualified Stock Option Award section of the LTI Acceptance Form.  

	2.
	Term. 

        The
Option Award shall expire on the Expiration Date indicated in the Non-Qualified Stock Option Award section of the LTI Acceptance Form, unless terminated earlier as
provided herein, in the LTI Acceptance Form or in the Plan. The Option Award must be exercised before the Expiration
Date.

	3.
	Manner of Exercise. 

        a.     This
Option Award shall be exercised by delivering to Charles Schwab or other Company-designated broker (the "Designated Broker"), during the period in which such Option
Award is exercisable, (i) a written notice of your intent to purchase a specific number of Shares pursuant to this Option Award (a "Notice of Exercise"), and (ii) full payment of the
Option/Exercise Price for such specific number of Shares. Payment may be made by any one or more of the following means: 

          (i)  cash
or personal check; or 

         (ii)  if
approved and permitted by the Committee, through the delivery of Shares having a Fair Market Value on the day of exercise equal to such Option/Exercise Price (the
number of Shares may be initially estimated using the Fair Market Value on the last stock trading day preceding the exercise day, with a true-up of any differential effective as of the
exercise date). Certificates for Shares shall be properly endorsed with signatures guaranteed (unless such signature guarantee is waived by an officer of the Company), and shall represent Shares which
are fully paid, non-assessable, and free and clear from all liens and encumbrances; or 

5

 

        (iii)  if
approved and permitted by the Committee, through the sale of the Shares acquired on exercise of this Option Award through a broker to whom you have submitted
irrevocable instructions to deliver promptly to the Company the amount of sale or loan proceeds sufficient to pay for such Shares, together with, if required by the Company, the amount of federal,
state, local or foreign withholding taxes payable by reason of such exercise. A copy of such delivery instructions must also be delivered to the Company by you with the Notice of Exercise. 

        b.     The
exercise of the Option Award shall become effective at the time such a Notice of Exercise has been received by the Designated Broker, which must be  before the Expiration Date. You will not have any
rights as a stockholder of the Company with respect to the Shares deliverable upon exercise of this
Option Award until a certificate for such Shares is delivered to you or the Shares are otherwise transferred to you. 

        c.     If
the Option Award is exercised as permitted herein by any person or persons other than yourself, such Notice of Exercise shall be accompanied by such documentation as
the Company and/or Designated Broker may reasonably require, including without limitation, evidence of the authority of such person or persons to exercise the Option Award and evidence satisfactory to
the Company that any death taxes payable with respect to such Shares have been paid or provided for.  

	4.
	Exercisability After Termination of Affiliation. 

        This
Option Award may be exercised only while you are providing services to the Company or any Subsidiary, except that this Option Award may also be exercised after the date on which you
experience a Termination of Affiliation in accordance with this section: 

        a.     if
you have a Termination of Affiliation on account of Retirement, you may exercise this Option Award at any time during the first five years after the date of your
Termination of Affiliation; 

        b.     if
you have a Termination of Affiliation on account of death, the executor or administrator of your estate, your heirs or legatees, or beneficiary designated in
accordance with the Plan, as applicable, may exercise this Option Award at any time during the first 12 months after the date of your Termination of Affiliation; 

        c.     if
you have a Termination of Affiliation on account of Disability, you may also exercise this Option Award at any time during the first 12 months after the date of
your Termination of Affiliation; 

        d.     if
you have a Termination of Affiliation on account of any other reason (other than a dismissal for Cause in which the Option Award will be immediately forfeited), you
may exercise the portion of this Option Award that is vested immediately prior to the Termination Date at any time during the first three (3) months after your Termination of Affiliation.
However, except as otherwise provided in this Section 4, this Option Award may be exercised after your Termination Date only to the extent it is exercisable on the Termination Date, and  under no circumstances may this
Option Award be exercised on or after the Expiration Date. For purposes of this Section 4, if you are employed by
a corporation or limited liability company ("LLC") that is a Subsidiary of the Company, you will be deemed to have had a Termination of Affiliation as of the first day on which such corporation
or LLC ceases to be a Subsidiary of the Company.  

	5.
	No Right to Continued Employment.

        Nothing
in this Appendix, the LTI Acceptance Form or the Plan shall confer upon you any right to continue providing services to, or be in the employ of, the Company or any Subsidiary or
interfere in any way with the right of the Company or any Subsidiary to terminate your association or employment at any time. 

6

 
	6.
	Unfair Interference. 

        During
Grantee's employment with the Company or any Subsidiary and during the twelve months after Termination of Affiliation, Grantee shall not: (i) knowingly and directly
solicit, hire or attempt to hire, or assist another in soliciting, hiring or attempting to hire, on behalf of any Competitive Business, any person who is an employee or contractor of the Company or
any Subsidiary; or (ii) knowingly and directly divert, attempt to divert, or solicit, or assist another in diverting, attempting to divert or soliciting, the customer business of any Protected
Client on behalf of a Competitive Business. For purposes of this section, "Competitive Business" means any business that provides investment advisory or investment management services or related
services; and "Protected Client" shall mean any person or entity to whom the Company or any Subsidiary provided investment advisory or investment management services at any point during the six months
preceding Grantee's Termination of Affiliation.  

	7.
	Clawback.

        Notwithstanding
anything to the contrary contained in this Agreement, if Grantee is found by a court of competent jurisdiction (in a final judgment that is either not appealed or is
non-appealable) or by any relevant regulator to have knowingly committed fraud against the Company or any of its Affiliates, or if Grantee is found to have actively participated in,
knowingly concealed or covered up, or knowingly failed to identify a material misstatement in the Company's financial statements, the Grantee's LTI award granted in the three calendar years prior to
such judgment or regulatory determination, whether vested or unvested, shall be immediately forfeited and cancelled, and Grantee shall promptly return and repay to the Company, in respect of any
Company shares, stock options or mutual fund units previously transferred to Grantee pursuant to such LTI award agreements, an amount equal to the lesser of: (i) the fair market value of such
shares, stock options (based on the intrinsic value of such stock options) or mutual fund units on the date of vesting, and (ii) the fair market value of such shares, stock options (based on
the intrinsic value of such stock options) or mutual fund units on the date on which such repayment obligation arises, in each case, regardless of whether the Grantee previously sold or otherwise
disposed of such shares.  

	8.
	No Waiver. 

        The
failure of the Company in any instance to exercise any of its rights granted under this Appendix or the Plan shall not constitute a waiver of any other rights that may arise under
this Appendix.  

	9.
	Limited Transferability of Option Award. 

        Except
as provided in the immediately following sentence, this Option Award is exercisable during your lifetime only by you or your guardian or legal representative, and this Option
Award is not transferable except by will or the laws of descent and distribution. To the extent and in the manner permitted by the Committee, and subject to such terms, conditions, restrictions or
limitations of this Appendix or the Plan or that may be prescribed by the Committee, you may transfer this Option Award to: 

        a.     your
spouse, sibling, parent, child (including an adopted child) or grandchild (any of which is an "Immediate Family Member"); 

        b.     a
trust, the primary beneficiaries of which consist exclusively of you or your Immediate Family Members; or 

        c.     a
corporation, partnership or similar entity, the owners of which consist exclusively of you or your Immediate Family Members. 

7

 
	10.
	Fractional or De Minimis Shares. 

        The
Option Award shall not be exercisable with respect to a fractional share or with respect to fewer that ten (10) Shares, unless the remaining Shares are fewer than ten (10). 

	11.
	Nonstatutory Option Award. 

        This
Option Award has been designated by the Committee as a Nonstatutory Option Award; it does not qualify as an incentive stock Option Award.  

	12.
	Taxes. 

        a.     The
Company is not required to issue Shares upon the exercise of this Option Award unless you first pay to the Company such amount, if any, as may be required by the
Company to satisfy any liability it may have to withhold federal, state, local or foreign income or other taxes relating to such exercise. You may elect to satisfy such tax withholding obligation by
delivering to the Company a written irrevocable election to have the Company sell a portion of the Shares purchased upon exercise of the Option Award having a Fair Market Value equal to the amount of
taxes required to be withheld; provided, however, that the Committee may, at any time before you file such an election with the Company, revoke your right to make such an election. 

        b.     In
addition, you may deliver Shares to the Company to satisfy your federal, state and local withholding tax liability above the minimum amount of taxes required to be
withheld by the Company, up to your maximum tax liability arising from the exercise of the Option Award; the Committee retains the right, in its sole discretion, to disapprove any particular delivery
of shares of Common Stock and the Committee may, at any time before the delivery of such shares, revoke your right to make such delivery. 

        c.     The
Grantee acknowledges and agrees that any federal, state, local or foreign tax obligations, including without limitation any payroll and income tax withholding
obligations shall remain the responsibility of the Grantee and must be paid in full by the Grantee in accordance with applicable law.  

	13.
	Attestation to Ownership of Shares. 

        Whenever
under this Appendix you have the right to deliver Shares to the Company for payment of the Option/Exercise Price pursuant to Section 3(a) or for taxes in excess of the
minimum amount of taxes required to be withheld by the Company pursuant to Section 12(b), in lieu of physically delivering such shares to the Company, you may elect to deliver to the Company an
affidavit and such other documents attesting to ownership of such Shares in such form as is prescribed by the Company from time to time.  

	14.
	Amendments. 

        This
Appendix may be amended only by a writing executed by the Company and you which specifically states that it is amending this Appendix except as otherwise provided for in this
Appendix; provided that this Appendix is subject to the power of the Board or the Committee to amend the Plan as provided therein, except that no such
amendment shall adversely affect your rights under the LTI Acceptance Form or this Appendix without your consent.  

	15.
	Notices. 

        Any
notice to be given to the Company shall be addressed to the Company at its principal office, in care of its Assistant Corporate Secretary. Any notice to be given to Grantee shall be
addressed to Grantee at the address listed in the Company's records. By a notice given pursuant to this section, either party may designate a different address for notices. Any notice shall have been
deemed given (i) when actually delivered to the Company, or (ii) if to the Grantee, when actually delivered; when 

8

 

deposited
in the U.S. Mail, postage prepaid and properly addressed to the Grantee; or when delivered by overnight courier.  

	16.
	Binding Effect. 

        Except
as otherwise provided hereunder, this Appendix shall be binding upon and shall inure to the benefit of the heirs, executors or successors of the parties to this Appendix. 

	17.
	Laws Applicable to Construction. 

        The
interpretation, performance and enforcement of this Appendix shall be governed by the laws of the State of Delaware without reference to principles of conflict of laws, as applied to
contracts executed in and performed wholly within the State of Delaware. In addition to the terms and conditions set forth in this Appendix, the Option Award is subject to the terms and conditions of
the Plan, which is hereby incorporated by reference.  

	18.
	Conflicts and Interpretation. 

        In
the event of any conflict between this Appendix and the Plan, the Plan shall control. In the event of any ambiguity in this Appendix, or any matters as to which this Appendix is
silent, the Plan shall govern including, without limitation, the provisions thereof pursuant to which the Committee has the power, among others, to (i) interpret the Plan,
(ii) prescribe, amend and rescind rules and regulations relating to the Plan, and (iii) make all other determinations deemed necessary or advisable for the administration of the Plan. 

	19.
	Severability. 

        If
any part of this Appendix is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity shall not serve to invalidate any part of this
Appendix not declared to be unlawful or invalid. Any part so declared unlawful or invalid shall, if possible, be construed in a manner which gives effect to the terms of such part to the fullest
extent possible while remaining lawful and valid.  

	20.
	Headings.

        Headings
are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this Appendix.  

	21.
	Miscellaneous. 

        a.     Notwithstanding
anything to the contrary contained in the Plan or in this Appendix, to the extent that the Company determines that the Option Award is subject to
Section 409A of the Code and fails to comply with the requirements of Section 409A of the Code, the Company reserves the right to amend, restructure, terminate or replace the Option
Award in order to cause the Option Award to either not be subject to Section 409A of the Code or to comply with the applicable provisions of such section. 

        b.     Nothing
contained in this Appendix or the LTI Acceptance Form obligates you to exercise all or any part of this Option Award. 

 
 

  APPENDIX C—TERMS OF MUTUAL FUND UNIT AWARD    
    

	1.
	Grant of Mutual Fund Unit Award. 

        Subject
to the provisions of this Appendix, the LTI Acceptance Form and the Company's Mutual Fund Share Investment Plan, as may be amended from time to time (the "Plan"), the Company
hereby grants to Participant a phantom mutual fund award (the "Mutual Fund Award") as identified in the Mutual Fund Unit Award section of the attached LTI Acceptance Form. 

9

 
	2.
	Retail Account Required. 

        If
you are a U.S. based employee, you must have an open account designated or approved in advance by Janus in order to receive any proceeds or benefits (including vesting) from this
Mutual Fund Award. A failure to maintain such an account will subject this Mutual Fund Award to a suspension of vesting or cancellation and forfeiture.  

	3.
	No Right to Continued Employment. 

        Nothing
in this Appendix or the Plan shall confer upon Participant any right to continue providing services to, or be in the employ of, the Company or any Subsidiary or interfere in any
way with the right of the Company or any Subsidiary to terminate Participant's association or employment at any time.  

	4.
	Unfair Interference. 

        During
Participant's employment with the Company or any Subsidiary and during the twelve months after Termination of Affiliation, Participant shall not: (i) knowingly and directly
solicit, hire or attempt to hire, or assist another in soliciting, hiring or attempting to hire, on behalf of any Competitive Business, any person who is an employee or contractor of the Company or
any Subsidiary; or (ii) knowingly and directly divert, attempt to divert, or solicit, or assist another in diverting, attempting to divert or soliciting, the customer business of any Protected
Client on behalf of a Competitive Business. For purposes of this section, "Competitive Business" means any business that provides investment advisory or investment management services or related
services; and "Protected Client" shall mean any person or entity to whom the Company or any Subsidiary provided investment advisory or investment management services at any point during the six months
preceding Participant's Termination of Affiliation.  

	5.
	Clawback.

        Notwithstanding
anything to the contrary contained in this Agreement, if Grantee is found by a court of competent jurisdiction (in a final judgment that is either not appealed or is
non-appealable) or by any relevant regulator to have knowingly committed fraud against the Company or any of its Affiliates, or if Grantee is found to have actively participated in,
knowingly concealed or covered up, or knowingly failed to identify a material misstatement in the Company's financial statements, the Grantee's LTI award granted in the three calendar years prior to
such
judgment or regulatory determination, whether vested or unvested, shall be immediately forfeited and cancelled, and Grantee shall promptly return and repay to the Company, in respect of any Company
shares, stock options or mutual fund units previously transferred to Grantee pursuant to such LTI award agreements, an amount equal to the lesser of: (i) the fair market value of such shares,
stock options (based on the intrinsic value of such stock options) or mutual fund units on the date of vesting, and (ii) the fair market value of such shares, stock options (based on the
intrinsic value of such stock options) or mutual fund units on the date on which such repayment obligation arises, in each case, regardless of whether the Grantee previously sold or otherwise disposed
of such shares.  

	6.
	Allocation Elections. 

        a.     During
the vesting period, Participant's award will be credited to Participant's Mutual Fund Share Investment Account ("Account"). The award will be deemed invested in
the phantom investments selected by Participant pursuant to online elections through the Plan administrative system (www.millimanonline.com) or as otherwise provided by the Company. Participant may
change the investment elections from time to time; provided, however, in no event shall Participant be able to make changes to the investment elections more than four (4) times per calendar
year and any such change should be effective within five (5) days after such election is made. If you are an investment research analyst, or become an investment research analyst during the
vesting period 

10

 

of
this Mutual Fund Award, you may be required to allocate your investment elections to certain phantom investments as designated in writing by the Director of Research, the Co-Chief
Investment Officers or the Chief Executive Officer. 

        b.     By
accepting this Mutual Fund Award, Participant acknowledges and agrees that (i) Participant will open a Janus-designated account needed to receive any proceeds
or benefits (including vesting) from this Mutual Fund Award, unless Participant already has such an account (does not apply to employees based outside of the United States); (ii) account
balances are subject to any net appreciation or depreciation accruing from time to time based on Participant's deemed investment election of the Account balance in accordance with Participant's
allocation election(s) in effect from time to time; (iii) Participant is solely responsible for any net appreciation or net depreciation in the balance of Participant's Account resulting from
Participant's deemed investment elections; (iv) the Company does not guarantee or represent in any manner whatsoever that Participant will realize any appreciation in the balance of the Account
as a result of allocating the Account balance for deemed investments in the Janus mutual funds; and (v) any allocation elections must comply with the Company's pre-clearance and
applicable prospectus requirements. Participant further agrees and acknowledges that Participant is under no obligation to make a deemed investment election in any particular fund, and, if no such
investment election is made, that the balance and any transfers in Participant's Account shall be deemed invested in the Janus Money Market Fund or similar mutual fund if the Janus Money Market Fund
is not available.  

	7.
	Distribution upon Vesting. 

        Subject
to the terms of the Plan (including but not limited to Section 5.3 of the Plan), as soon as practicable following the vesting of all or a portion of Participant's Mutual
Fund Award (but in no case later than 60 days following the date on which a vesting event occurs), the value of the vested portion of Participant's Account (subject to applicable tax
withholding) will be deposited into a Janus-designated account to purchase the mutual funds in which Participant was invested on a phantom basis at the time such distribution is processed. In the
event Participant's chosen mutual funds are not available for purchase by Participant at the time of distribution, the Company has the sole discretion to either purchase different but similar mutual
funds or to deposit the net proceeds into the Janus Money Market Fund on behalf of Participant.  

	8.
	Taxes and Withholding. 

        No
later than the date as of which an amount first becomes includible in Participant's gross income for federal income tax purposes with respect to any Mutual Fund Award, the Company
shall withhold all federal, state, local and foreign taxes that are required by applicable laws and regulations to be withheld.  

	9.
	Amendment; Section 409A of the Code. 

        This
Appendix may not be modified, amended or waived except by an instrument in writing approved by both parties hereto or approved by the Committee. The waiver by either party of
compliance with any provision of this Appendix shall not operate or be construed as a waiver of any other provision of this Appendix, or of any subsequent breach by such party of a provision of this
Appendix. The intent of the parties is that payments and benefits under this Mutual Fund Award comply with Section 409A to the extent subject thereto, and, accordingly, to the maximum extent
permitted, this Mutual Fund Award shall be interpreted and administered to be in compliance therewith. Notwithstanding anything contained herein to the contrary, a Participant shall not be considered
to have terminated employment with the Company for purposes of this Mutual Fund Award unless the Participant would be considered to have incurred a "separation from service" from the Company within
the meaning of Section 409A. Without limiting the foregoing and notwithstanding anything contained herein to the contrary, to the extent required in order to avoid accelerated taxation 

11

 

and/or
tax penalties under Section 409A of the Code, amounts that would otherwise be payable and benefits that would otherwise be provided pursuant to this Appendix during the
six-month period immediately following a Participant's separation from service shall instead be paid within five (5) business days after the date that is six months following the
Participant's separation from service (or death, if earlier).  

	9.
	Notices. 

        Any
notice to be given to the Company shall be addressed to the Company at its principal office, in care of its Assistant Corporate Secretary. Any notice to be given to Participant shall
be addressed to Participant at the address listed in the Company's records. By a notice given pursuant to this section, either party may designate a different address for notices. Any notice shall
have been deemed given (i) when actually delivered to the Company, or (ii) if to the Participant, when actually delivered; when deposited in the U.S. Mail, postage prepaid and properly
addressed to the Participant; or when delivered by overnight courier.  

	10.
	Binding Effect. 

        Except
as otherwise provided hereunder, this Appendix shall be binding upon and shall inure to the benefit of the heirs, executors or successors of the parties to this Appendix. 

	11.
	Laws Applicable to Construction. 

        The
interpretation, performance and enforcement of this Appendix shall be governed by the laws of the State of Delaware without reference to principles of conflict of laws, as applied to
contracts executed in and performed wholly within the State of Delaware. In addition to the terms and conditions set forth in this Appendix, the Mutual Fund Award is subject to the terms and
conditions of the Plan, which is hereby incorporated by reference.  

	12.
	Severability. 

        The
invalidity or enforceability of any provision of this Appendix shall not affect the validity or enforceability of any other provision of this Appendix.  

	13.
	Conflicts and Interpretation. 

        In
the event of any conflict between this Appendix and the Plan, the Plan shall control. In the event of any ambiguity in this Appendix, or any matters as to which this Appendix is
silent, the Plan shall govern including, without limitation, the provisions thereof pursuant to which the Committee has the power, among others, to (i) interpret the Plan,
(ii) prescribe, amend and rescind rules and regulations relating to the Plan, and (iii) make all other determinations deemed necessary or advisable for the administration of the Plan. 

12

QuickLinks

Exhibit 10.17.3

JANUS LONG TERM INCENTIVE AWARD ("LTI") ACCEPTANCE FORM

APPENDIX A—TERMS OF RESTRICTED STOCK AWARD

APPENDIX B—TERMS OF NON-QUALIFIED STOCK OPTION AWARD

APPENDIX C—TERMS OF MUTUAL FUND UNIT AWARD

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