**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 CORRECTIONALPROPERTIES TRUST, a Maryland real estate investment trust (the “Company”), andCHARLES R. JONES (the “Participant”) (the Company and the Participant hereaftersometimes 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 1998Employee Share Incentive Plan (the “Incentive Plan”) which authorizes the grantof deferred shares,
     **WHEREAS,**as an alternate means of rewarding and retaining the Participant,the Company has entered into that certain Deferred Share Long-Term LoyaltyBonus Agreement, dated December 31, 2003, by and between the Participant andthe Company (the “Deferred Share Agreement”), under which the Company willgrant 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 covenantsbetween the parties, the sufficiency of which is hereby acknowledged, theCompany and the Participant, hereby agree to the following terms andconditions:
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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 areincorporated as part of these Terms and Conditions.
     2. **Acknowledgement and Agreement by Participant.**The Participant herebyacknowledges and agrees to the Company’s termination of the Pension Plan inconsideration for the Company’s agreement to enter into the Deferred ShareAgreement with the Participant.
     3. **Release by Participant.**In consideration of the foregoing, and othergood and valuable consideration, receipt of which is hereby acknowledged, theParticipant hereby releases and forever discharges the Company and any and allrelated, predecessor and successor entities and organizations, including theirformer and current agents, representatives, partners, officers, directors andParticipants, from any and all claims, demands, damages, lawsuits, obligations,promises, administrative actions, charges and causes of action arising out ofthe Pension Plan, both known or unknown, in law or in equity, of any kindwhatsoever, which have arisen or may arise, which the Participant ever had, nowhas, or may have against the Company.
     4. **Construction.**The Parties acknowledge that each has reviewed andrevised this Agreement and that the normal rule of construction to the effectthat any ambiguities are to be resolved against the drafting party shall not beemployed in the interpretation of this Agreement.
     5. **Entire Agreement.**This Agreement constitutes the entire agreementbetween the Parties hereto with respect to the matters set forth herein andsupersedes in its entirety any and all agreements or communications by andbetween the Company and the Participant, whether written or oral, previouslymade in connection with the matter herein. Any agreement to amendor modify the terms and conditions of this Agreement must be in writingand must be executed by the Parties.
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     6. **Employment.**This Agreement shall not constitute a contract foremployment, and shall in no way modify or extend any existing contract foremployment between the Company and the Participant.
     7. **Governing Law.**This Agreement shall be governed by and construed inaccordance with the laws of the State of Florida without regard to principlesof conflicts of law.
     8. **Sufficient Time to Review Agreement.**The Participant acknowledges andagrees that he has had sufficient time to review this Agreement and consultwith anyone he may have chosen regarding this Agreement, that he has a right toconsult with legal counsel regarding this Agreement and has consulted withcounsel, and that he has received all information he requires from the Companyin order to make a knowing and voluntary release and waiver of all claimsagainst the Company with respect to the Pension Plan and the deferredcompensation benefits payable thereunder.
     9. **Headings**. The headings are for the convenience of the parties and arenot 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 datefirst written above.      CORRECTIONAL PROPERTIES TRUST,