Document:

<PAGE>
                                                                   EXHIBIT 10.17

                           THE WACKENHUT CORPORATION
                          SENIOR MANAGEMENT BONUS PLAN
                                FOR FISCAL 2001

Eligibility and     Eligibility in this plan is limited to the Senior Officers,
Participation       which presently includes the following:

                    - EVP & President -- North American Operations Group
                    - EVP -- Chief Financial Officer
                    - SVP & President -- Wackenhut International, Inc.
                    - SVP -- Corporate Planning & Development and President
                      & CEO, Wackenhut Resources, Inc.
                    - SVP -- Human Resources

Target Incentive    For fiscal year 2001, the percentages defined for each
Awards              participant are shown below.

<Table>
<Caption>
                                                 Target Incentive Award
                    Position                   As a Percent of Base Salary
                    --------                   ---------------------------
                    <S>                        <C>
                    EVPs                                    35%
                    SVPs                                    35%
</Table>

<Table>
<Caption>
                                               Corporate         Business Unit
Performance         Performance Measures      Participants       Participants
Measures            ---------------------     ------------       -------------
<S>                 <C>                       <C>                <C>
                    Corporate Revenues             30%                 30%
                    Corporate Income
                      Before Tax                   70%                 30%
                    Business Unit Service
                      Profit                        0%                 40%
                                                  ---                 ---
                    Total                         100%                100%
</Table>

Definition of       This definition excludes extraordinary items and changes in
Corporate           accounting principles, as defined by GAAP.
Income
                    Extraordinary items, as defined by GAAP, include items of a
                    very unusual and infrequent nature, a good example of which
                    is a loss incurred in the early extinguishment of debt.

                    Changes in accounting principles as a result of new
                    pronouncements or requirements issued by accounting
                    authorities such as SEC, FASB, etc.
                    Non-recurring and unusual items not included or planned for
                    in the budgeted bonus targets may be excluded from the
                    corporate income before income taxes, as defined, at the
                    recommendation of management and at the discretion and
                    agreement of the Nominating and Compensation Committee.

                                                                     Page 1 of 2
<PAGE>

<TABLE>
<S>                      <C>                            <C>
Award                    Based on performance achieved during the year, a
Determination            participant's award payout will be a function of performance
                         against pre-established goals for each performance
                         measure, as shown in the following chart:

                         Performance                              Payout as Percent
                         Achieved                             of Target Incentive Award
                         -----------                          -------------------------

                         Outstanding                                    150%
                         Target                                         100%
                         Threshold                                       50%
                         Below threshold                                  0%

                         Threshold, Target, and Outstanding performance levels will be
                         defined at the beginning of each year for each performance
                         measure.

Discretionary            For other plan participants, the CEO and COO may recommend
Judgment                 an adjustment to an individual's incentive award to reflect
                         individual performance. All recommended adjustments will be
                         subject to review and approval by the Committee.

                         Adjustments will be based on the following guidelines:

                         Evaluation of                                Multiply
                         Individual Performance                       Award By:
                         ----------------------                       ---------

                         Outstanding                                    150%
                         Normal Performance                             100%
                         Clearly below desired                        0%-80%

Governance               The Nominating and Compensation Committee of the Board of
                         Directors of The Wackenhut Corporation is responsible for
                         the administration and governance of the plan. Actions
                         requiring Committee approval include final determination
                         of plan eligibility and participation, identification of
                         performance goals, and final award determination. The
                         decision of the Committee shall be conclusive and binding
                         on all participants.
</TABLE>

                                                                     Page 2 of 2<PAGE>
                                                                   EXHIBIT 10.18

                               FIRST AMENDMENT TO
                              EMPLOYMENT AGREEMENT

         THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT ("Amendment") is entered
into on February 19, 2002, by and between THE WACKENHUT CORPORATION, a Florida
corporation (the "Company"), and Richard R. Wackenhut (the "Executive").

                             PRELIMINARY STATEMENTS

         A. The parties previously entered into an Employment Agreement dated
March 17, 2000 (the "Original Agreement").

         B. The parties wish to amend the Original Agreement as provided herein.

                                    AGREEMENT

         NOW, THEREFORE, in consideration of the premises, the mutual covenants
set forth herein, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby agree as
follows:

         1. Except as expressly amended herein, the Original Agreement that was
entered into as of March 17, 2000, remains in full force and effect. Without
limiting the foregoing, the anniversary date of the Original Agreement
contemplated in Section 1.b thereof shall remain March 17th. Unless otherwise
defined, capitalized terms used herein shall have the meanings given to them in
the Original Agreement.

         2. Section 5 of the Original Agreement is hereby amended by deleting
the text therein in its entirety and replacing it with the following text:

         "5. TERMINATION BY THE COMPANY. In the event the Company terminates
         Executive's employment for any reason other than death, the Company
         shall pay the Special Termination Payment (as defined in Section 8
         below) to the Executive within ten days after said termination. In
         addition, upon such termination, (i) the Company shall continue to
         provide the Executive with the Executive Benefits at no cost the
         Executive in no less than the same amounts and on the same terms and
         conditions that would have applied had he remained employed by the
         Company for the remainder of the Employment Term, (ii) all awards
         granted pursuant to The Wackenhut Corporation Employee Long-Term
         Incentive Stock Plan and any other unvested stock options or other
         interests the Executive holds in the Company's stock or the stock of a
         subsidiary of the Company shall become fully vested, all restrictions
         on restricted stock units shall lapse, and all performance targets with
         respect to performance units or shares will be deemed to have been met
         as of the date the Executive's employment is terminated, (iii) the
         Company shall transfer all of its interest in any automobile used by

<PAGE>

         the Executive pursuant to the Executive Automobile Policy and shall pay
         the balance of any outstanding loans or leases on such automobile
         (whether such obligations are those of the Executive or the Company) so
         that the Executive owns the automobile outright (in the event such
         automobile is leased, the Company shall pay the residual cost of such
         lease), (iv) the Company shall pay to the Executive, within 10 days
         after said termination, the present value of all cash payments pursuant
         to the Amended and Restated Senior Officer Retirement/Deferred
         Compensation Agreement entered into between the Company and the
         Executive dated March 17, 2000 (the "Deferred Compensation Agreement")
         as if the Executive had remained employed with the Company through the
         Retirement Date defined therein (the "Deferred Compensation Payoff"),
         in full satisfaction of the Company's obligations under the Deferred
         Compensation Agreement (the present value represented by the Deferred
         Compensation Payoff referred to above shall be calculated using a
         discount rate equal to the lower of the rate provided for in Code
         Section 280G(d)(4), or six and one-half percent (6.5%), and without
         regard to any mortality factors or related probabilities), (v) the
         Company shall pay to the Executive, within 10 days after said
         termination, an amount equal to the sum of (a) the dollar value of
         vacation time that would have been credited to the Executive pursuant
         to the Company's Vacation Policy dated August 1, 1997, Number HR 350
         (the "Vacation Policy") if the Executive had remained employed by the
         Company through the "Anniversary Date" (as defined in the Vacation
         Policy) immediately following his termination of employment, multiplied
         by a fraction, the numerator of which is the number of days which
         elapsed from the Executive's Anniversary Date immediately preceding the
         date of termination through the date of such termination, and the
         denominator of which is 365, plus (b) the dollar value of vacation time
         which the Executive was entitled to have taken immediately prior to the
         Executive's termination, which was not in fact taken by the Executive;
         the dollar value of vacation time referred to above shall be equal to
         the amount which would have been paid to the Executive by the Company
         during such vacation time had the vacation time in fact been taken by
         the Executive immediately prior to the Executive's termination, and
         (vi) the Company shall pay to the Executive, within 10 days after said
         termination, additional compensation in an amount equal to $670,000
         (the "Special Consideration Payment").

         2. Section 8.a of the Original Agreement is hereby amended by deleting
the text therein in its entirety and replacing it with the following text:

         "a. EQUALIZATION PAYMENT. If any of the Special Termination Payment
         will be subject to the tax (the "Excise Tax") imposed by Section 4999
         of the Internal Revenue Code of 1986, as amended (the "Code") (or any
         similar tax that may hereafter be imposed), the Company shall also pay
         to the Executive in cash an additional amount (the "Excise Tax Gross-up
         Payment") such that the net amount retained by the Executive after
         deduction from the Special Termination Payment and the Excise Tax
         Gross-up Payment of any Excise Tax imposed upon the Special Termination
         Payment and any federal, state, local and other taxes (including income
         taxes, payroll taxes, Excise Tax and any other taxes) imposed upon the
         Excise Tax Gross-up Payment shall be equal to the original amount of
         the Special Termination Payment, prior to deduction of any Excise Tax
         imposed with respect to the Special Termination Payment. The Excise Tax
         Gross-Up Payment is intended to place the Executive in the same

                                       2
<PAGE>

         economic position he would have been in if the Excise Tax did not
         apply. The Excise Tax Gross-up Payment shall be paid to the Executive
         in full, at the time the Special Termination Payment is paid pursuant
         to this Agreement. For purposes of determining the Excise Tax Gross-up
         Payment pursuant to this Section 8.a, the Special Termination Payment
         shall also include any amounts which would be considered "Parachute
         Payments" (within the meaning of Section 280G(b)(2) of the Code) to the
         Executive, including, but not limited to, all items listed in Section 5
         of this Agreement to the extent that they are considered to be
         Parachute Payments such that the Company will absorb the full cost of
         any Excise Tax thereon and all taxes relating to the Company's
         absorption of any Excise Taxes."

         3. Section 8.b of the Original Agreement is hereby amended by deleting
all references therein to "Gross-up Payment" and replacing all such references
with "Excise Tax Gross-up Payment."

         4. Sections 8.c and 8.d of the Original Agreement are hereby amended by
deleting the text therein in its entirety and replacing it with the following
text:

         "c. TAX CALCULATION. Simultaneously with the Company's payment of the
         Special Termination Payment, the Company shall deliver to the Executive
         a written statement specifying the total amount of all payments
         provided for in this Agreement, together with all supporting
         calculations. If the Executive disagrees with the Company's calculation
         of any of said payments, the Executive shall submit to the Company, no
         later than 30 days after receipt of the Company's calculations, a
         written notice advising the Company of the disagreement and setting
         forth his calculation of said payments. The Executive's failure to
         submit such notice within such period shall be conclusively deemed to
         be an agreement by the Executive as to the amount of said payments. If
         the Company agrees with the Executive's calculations, it shall pay any
         shortfall to the Executive within 20 days after receipt of such a
         notice from the Executive, together with interest thereon accruing at
         the rate of 18 percent per annum, compounded monthly, from the original
         due date of the Special Termination Payment through the actual date of
         payment of said shortfall. If the Company does not agree with the
         Executive's calculations, it shall provide the Executive with a written
         notice within 20 days after the receipt of the Executive's calculations
         advising the Executive that the disagreement is to be referred to an
         independent accounting firm for resolution. Such disagreement shall be
         referred to an independent "Big 5" accounting firm which is not the
         regular accounting firm of the Company and which is agreed to by the
         Company and the Executive within 10 days after issuance of the

                                       3
<PAGE>

         Company's notice of disagreement (if the parties cannot agree on the
         identity of the accounting firm which is to resolve the dispute, the
         accounting firm shall be selected by means of a coin toss conducted in
         Palm Beach County, Florida by counsel to the Executive on the first
         business day after such 10 day period in such manner as such counsel
         may specify). The accounting firm shall review all information provided
         to it by the parties and submit a written report setting forth its
         calculation of the amounts provided for in this Agreement within 15
         days after submission of the matter to it, and such decision shall be
         final and binding on all of the parties. The fees and expenses charged
         by said accounting firm shall be paid by the Company. If the amount of
         the payment actually paid by the Company was less than the amount
         calculated by the accounting firm, the Company shall pay the shortfall
         to the Executive within 5 days after the accounting firm submits its
         written report, together with interest thereon accruing at the rate of
         18 percent per annum, compounded monthly, from the original due date of
         the Special Termination Payment through the actual date of payment of
         said shortfall.

         d. SUBSEQUENT RECALCULATION. In the event the Internal Revenue Service
         imposes an Excise Tax that is greater than the Excise Tax assumed for
         purposes of calculating the Excise Tax Gross-up Payment, the Company
         shall reimburse the Executive for the full amount necessary to make the
         Executive whole in accordance with the principles set forth above,
         including any interest and penalties which may be imposed."

         5. New Section 21 is hereby added to the Original Agreement as follows:

         "21. NON-COMPETITION. In the event that Executive's employment is
         terminated pursuant to Sections 5, 6 or 7 hereof and Executive timely
         receives payment of the Special Termination Payment which is due to
         him, the Special Consideration Payment and other amounts due to him
         under this Agreement or otherwise, Executive agrees that for a period
         of 12 months after such termination of employment he shall not,
         directly or indirectly, own, manage, operate, control or participate in
         the ownership, management operation or control of, or be connected as
         an officer, employee, partner, director or otherwise with, or have any
         financial interest in, or aid or assist anyone else in the conduct of,
         any business (a "Competitive Operation") which competes with any
         business conducted by the Company, or by any group, division or
         subsidiary of the Company for which the Executive has had
         responsibility, in any area where such business is being conducted at
         the time of such termination. It is understood and agreed that, for the
         purposes of the foregoing provisions of this Section 21, no business
         which is conducted by the Company at the time of the Executive's
         termination and which subsequently is sold or discontinued by the
         Company shall be deemed to be a Competitive Operation within the
         meaning of this Section 21. Ownership of an amount not to exceed five
         percent (5%) of the voting stock of any publicly held corporation shall
         not constitute a violation hereof. If Executive breaches this Section
         21, the Company will be entitled to recover the Special Consideration
         Payment from the Executive and any additional damages it may incur in
         accordance with applicable law."

         6. New Section 22 is hereby added to the Original Agreement as follows:

                                       4
<PAGE>

         "22. EXAMPLES. The operation of this Agreement is illustrated by the
         example set forth in Exhibit A attached hereto. Said example is not
         intended to limit the manner in which amounts payable hereunder are to
         be calculated. If other tax rates, taxes or other charges are
         applicable, the calculations shall be adjusted to achieve the same
         economic result to the Executive such that the Executive receives all
         payments under this Agreement free of costs represented by Excise Taxes
         or any taxes relating to the absorption by the Company of Excise Taxes.
         The assumptions set forth in said example are for illustrative purposes
         only, and have no relationship to the actual amounts that may apply
         under this Agreement."

         7. Exhibit A attached hereto is added as Exhibit A to the Original
Agreement.

         8. This Amendment, the Original Agreement and the documents referred to
herein and therein constitute the entire agreement of the parties and supersede
all other agreements, both oral and written, between the parties with respect to
the subject matter hereof and any previous understandings or modifications
relating to the foregoing documents, whether oral, written or otherwise.

                         [Signatures on Following Page]

                                       5
<PAGE>

         IN WITNESS WHEREOF, the parties have caused this Amendment to be
effective as of the date first written above.

                                      THE WACKENHUT CORPORATION

                                      By: /s/ G. R. Wackenhuut
                                          -------------------------------------
                                      Name:  G. R. Wackenhuut
                                           ------------------------------------
                                      Title: Chairman of the Board
                                            -----------------------------------

                                      EXECUTIVE

                                      /s/ Richard R. Wackenhut
                                      -----------------------------------------
                                      Richard R. Wackenhut

                                       6
<PAGE>

                                    EXHIBIT A
                                   PAGE 1 OF 2

         This example assumes the following:

         (i) the Executive receives payments under this Agreement (other than
the Deferred Compensation Payoff) and otherwise upon a termination equal to
$17,250,000;

         (ii) the amount of the Deferred Compensation Payoff is $2,000,000;

         (iii) the total amount properly allocable for federal tax purposes to
Executive's covenant not to compete is $3,000,000;

         (iv) the foregoing payments, other than the amounts allocable to the
covenant not to compete, are "parachute payments" under Code Section
280G(b)(2)(A) and will require payment of an Excise Tax Gross-up Payment;

         (v) the Executive's base amount under Code Section 280G(b)(3)(A) is
$1,350,000;

         (vi) the present value of the deferred compensation payments due to the
Executive pursuant to the Deferred Compensation Agreement for purposes of Code
Section 280G is $1,400,000; and

         (vii) payments made to the Executive under this Agreement are subject
to a maximum federal income tax rate under Code section 1 of 38.6%, a payroll
tax under Code section 3101 of 1.45%, and, to the extent of excess parachute
payments, an excise tax under Code section 4999 of 20%, and no other taxes are
applicable.

         Under these assumptions, the Excise Tax Gross-up Payment is
$6,758,448.06. The calculation of this amount is set forth in the table set
forth on the following page 2 of this Exhibit A.

<PAGE>

                                    EXHIBIT A
                                   PAGE 2 OF 2
<TABLE>
<CAPTION>

--------------------------------------------------------------------------------------------------------------------
                    A                       B                      C                    D                 E
--------------------------------------------------------------------------------------------------------------------
<S>                    <C>                    <C>                    <C>                   <C>         <C>
   1         BASE AMOUNT (GIVEN)          TOTAL PAYMENTS   AMOUNT ALLOCABLE TO     INCREASED PV OF       EXCISE TAX
                                     RECEIVED OTHER THAN   NON-COMPETE (GIVEN)            DEFERRED         GROSS-UP
                                   DEFERRED COMPENSATION                          COMPENSATION FOR          PAYMENT
                                          PAYOFF (GIVEN)                             280G PURPOSES       ((B2-C2+D2
                                                                                           (B5-A5)        -A2)XB12)
--------------------------------------------------------------------------------------------------------------------
   2                   1,350,000              17,250,000             3,000,000             600,000     6,758,448.06
--------------------------------------------------------------------------------------------------------------------
   3
--------------------------------------------------------------------------------------------------------------------
   4        PV OF PAYMENTS UNDER   DEFERRED COMPENSATION
           DEFERRED COMPENSATION   PAYOFF AMOUNT (GIVEN)
              AGREEMENT FOR 280G
                PURPOSES (GIVEN)
--------------------------------------------------------------------------------------------------------------------
   5                   1,400,000               2,000,000
--------------------------------------------------------------------------------------------------------------------
   6
--------------------------------------------------------------------------------------------------------------------
   7             INCOME TAX RATE                 0.38600
--------------------------------------------------------------------------------------------------------------------
   8            PAYROLL TAX RATE                 0.01450
--------------------------------------------------------------------------------------------------------------------
   9         TAX RATE W/O EXCISE                 0.40050
                       TAX B7+B8
--------------------------------------------------------------------------------------------------------------------
   10            EXCISE TAX RATE                 0.20000
--------------------------------------------------------------------------------------------------------------------
   11          TOTAL TAX RATE ON                 0.60050
              PARACHUTE PAYMENTS
                          B9+B10
--------------------------------------------------------------------------------------------------------------------
   12        EXCISE TAX GROSS-UP            0.5006257822
          MULTIPLIER B10/(1-B11)
--------------------------------------------------------------------------------------------------------------------
   13        Note: references to
             letters and numbers
           (such as "B9") are to
            cells in this table.
--------------------------------------------------------------------------------------------------------------------

</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00034-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00034-of-00352.parquet"}]]