Exhibit 10.19

CORRECTIONAL PROPERTIES TRUST

SENIOR EXECUTIVE RETIREMENT PLAN TERMINATION AGREEMENT

     THIS SENIOR EXECUTIVE RETIREMENT PLAN TERMINATION AGREEMENT (the
“Agreement”) is made as of December 31, 2003, by and between CORRECTIONAL
PROPERTIES TRUST, a Maryland real estate investment trust (the “Company”), and
CHARLES R. JONES (the “Participant”) (the Company and the Participant hereafter
sometimes referred to, collectively, as the “Parties”).

R E C I T A L S

     WHEREAS, the Company terminated its Senior Executive Retirement Plan (the
“Pension Plan”), in which the Participant was a participant,

     WHEREAS, the Company maintains the Correctional Properties Trust 1998
Employee Share Incentive Plan (the “Incentive Plan”) which authorizes the grant
of deferred shares,

     WHEREAS, as an alternate means of rewarding and retaining the Participant,
the Company has entered into that certain Deferred Share Long-Term Loyalty Bonus
Agreement, dated December 31, 2003, by and between the Participant and the
Company (the “Deferred Share Agreement”), under which the Company will grant
deferred shares to the Participant pursuant to the Incentive Plan, and

     WHEREAS, the Parties now mutually desire to enter into this Agreement.

     NOW, THEREFORE, in consideration of the mutual promises and covenants
between the parties, the sufficiency of which is hereby acknowledged, the
Company and the Participant, hereby agree to the following terms and conditions:

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T E R M S    A N D    C O N D I T I O N S

     1. Recitals. All of the foregoing Recitals are true and correct and are
incorporated as part of these Terms and Conditions.

     2. Acknowledgement and Agreement by Participant. The Participant hereby
acknowledges and agrees to the Company’s termination of the Pension Plan in
consideration for the Company’s agreement to enter into the Deferred Share
Agreement with the Participant.

     3. Release by Participant. In consideration of the foregoing, and other
good and valuable consideration, receipt of which is hereby acknowledged, the
Participant hereby releases and forever discharges the Company and any and all
related, predecessor and successor entities and organizations, including their
former and current agents, representatives, partners, officers, directors and
Participants, from any and all claims, demands, damages, lawsuits, obligations,
promises, administrative actions, charges and causes of action arising out of
the Pension Plan, both known or unknown, in law or in equity, of any kind
whatsoever, which have arisen or may arise, which the Participant ever had, now
has, or may have against the Company.

     4. Construction. The Parties acknowledge that each has reviewed and revised
this Agreement and that the normal rule of construction to the effect that any
ambiguities are to be resolved against the drafting party shall not be employed
in the interpretation of this Agreement.

     5. Entire Agreement. This Agreement constitutes the entire agreement
between the Parties hereto with respect to the matters set forth herein and
supersedes in its entirety any and all agreements or communications by and
between the Company and the Participant, whether written or oral, previously
made in connection with the matter herein. Any agreement to amend or modify the
terms and conditions of this Agreement must be in writing and must be executed
by the Parties.

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     6. Employment. This Agreement shall not constitute a contract for
employment, and shall in no way modify or extend any existing contract for
employment between the Company and the Participant.

     7. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Florida without regard to principles of
conflicts of law.

     8. Sufficient Time to Review Agreement. The Participant acknowledges and
agrees that he has had sufficient time to review this Agreement and consult with
anyone he may have chosen regarding this Agreement, that he has a right to
consult with legal counsel regarding this Agreement and has consulted with
counsel, and that he has received all information he requires from the Company
in order to make a knowing and voluntary release and waiver of all claims
against the Company with respect to the Pension Plan and the deferred
compensation benefits payable thereunder.

     9. Headings. The headings are for the convenience of the parties and are
not to be construed as terms and conditions of this Agreement.

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     IN WITNESS WHEREOF, the Parties have executed this Agreement on the date
first written above.

            CORRECTIONAL PROPERTIES TRUST,
a Maryland real estate investment trust
      By:   /s/ Robert R. Veach, Jr.         Name:   Robert R. Veach, Jr.       
Title:   Chairman of the Board of Trustees     

     
Agreed and Accepted:
   
 
   
/s/ Charles R. Jones

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CHARLES R. JONES
   
 
   
 
   
WITNESS to Charles R. Jones’s Signature:
   
 
   
/s/ Christy E. Barnhart

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Name:
   

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