Exhibit 10.29
FIRST AMENDMENT TO
SENIOR OFFICER EMPLOYMENT AGREEMENT
     THIS FIRST AMENDMENT TO SENIOR OFFICER EMPLOYMENT AGREEMENT (this
“Amendment”) is entered into effective the 1st day of March, 2011 by and between
The GEO Group, Inc., a Florida Corporation, (the “Company”) and John M. Hurley
(the “Employee”).
WITNESSETH:
     WHEREAS, the Company and the Employee (collectively the “Parties”) have
previously entered into an Senior Officer Employment Agreement effective as of
March 23, 2005 (the “Employment Agreement”); and
     WHEREAS, the Parties wish to amend the Employment Agreement as provided
herein to employ the Employee in accordance with the provisions herein.
     NOW THEREFORE, in consideration of the mutual covenants and agreements
contained herein, and for other valuable consideration the receipt and adequacy
of which is hereby acknowledged, the Parties hereby agree as follows:
     1. Section 4.A. of the Employment Agreement is deleted in its entirety and
replaced with the following:
“Annual Base Salary. Employee shall be paid an annual base salary of $500,000
(as such may be amended from time to time, the “Annual Base Salary”). The
Company may increase the Annual Base Salary paid to the Employee in an amount to
be determined by the Chief Executive Officer of the Company. The Annual Base
Salary shall be payable at such regular times and intervals as the Company
customarily pays its Employees from time to time.”
     2. Section 7.A.(iv) of the Employment Agreement is deleted in its entirety
and replaced with the following:
“Termination Stock Options and Restricted Stock. All of the outstanding unvested
stock options and restricted stock granted to the Employee prior to termination
will fully vest immediately upon termination, provided however, that any
restricted stock that is still subject to performance based vesting at the time
of such termination shall only vest when and to the extent the Compensation
Committee of the Board certifies that the performance goals are actually met.”
     Except as otherwise specifically amended herein, the terms and provisions
of the Employment Agreement remain in full force and effect. This Amendment may
be executed in counterparts.
[SIGNATURES ON THE FOLLOWING PAGE]

 

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     IN WITNESS WHEREOF, the Parties hereto have executed and delivered this
Amendment under seal as of the date first above written.

            THE GEO GROUP, INC.
      By:   /s/ George C. Zoley        Name:   George C. Zoley        Title:  
Chairman and Chief Executive Officer        EMPLOYEE
      By:   /s/ John M. Hurley        Name:   John M. Hurley           

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