Document:

EX-10.39

 Exhibit 10.39 

AMENDMENT TO 
 THE 
 GEO GROUP, INC. DEFERRED COMPENSATION PLAN 

WHEREAS, The GEO Group, Inc. Deferred Compensation Plan (the “Plan”) is currently in effect; and 

WHEREAS, GEO Group, Inc. (the “Company”) wishes to amend the Plan. 
 NOW, THEREFORE, the Plan is hereby amended effective January 1, 2010 as follows: 
 1. Section 4.2.3 of the Plan is hereby amended by deleting all of its text, and replacing it with the following text: 

“Earnings or losses determined in accordance with Article V.” 

2. Section 5.1 is hereby amended by deleting all of its text, and replacing it with the following text: 

 

	 	“5.1	Investment Return on Participant Accounts . Each Account will be adjusted to reflect earnings or losses thereon as further described in this
Section 5.1. 

  

	 	5.1.1	Pursuant to the rules and procedures established by the Committee in its sole discretion from time to time, each Account shall be adjusted to reflect the net earnings,
gains, losses, expenses, appreciation and depreciation associated with an investment option for each portion of the Account allocated to such option. 

  

	 	5.1.2	Investment options available under the Plan will be determined by the Committee. The Committee, in its sole discretion, may add or remove investment options from time
to time, provided that any such additions or removals of investment options shall not be effective with respect to any period prior to the effective date of such change. 

  
 1 

	 	5.1.3	A Participant’s investment allocation constitutes a deemed, not actual, investment among the investment options comprising the investment menu. At no time shall a
Participant have any real or beneficial ownership in any investment option, nor shall securities or other assets be purchased as a result of a Participant’s investment allocation. A Participant’s investment allocation shall be used solely
for purposes of adjusting the value of a Participant’s Account. 

  

	 	5.1.4	A Participant shall specify an investment allocation for each of his or her Accounts in accordance with procedures established by the Committee from time to time.

  

	 	5.1.5	If the Participant fails to make an investment allocation with respect to an Account or a portion thereof, such Account or a portion thereof shall be invested in an
investment option, the primary objective of which is the preservation of capital, as determined by the Committee; provided however, that with respect to the funds contributed to the Plan prior to January 1, 2010 in the event no investment
allocation has been made by the Participant with respect to such funds, such funds shall be credited with interest at a rate equal to the Prime Rate, less three quarters of a percent. The Prime Rate to be used for any Valuation Period will be based
on the published Prime Rate, adjusted as of the beginning of each calendar quarter.” 

 3.
Section 6.1 is hereby amended by deleting all of its text, and replacing it with the following text: 
 “Value of
Account. For purposes of this Article VI, the value of any Accounts as of any date of determination shall be equal to the value of such Accounts as of the Valuation Date coincident with or immediately preceding such date of determination,
adjusted for any increase or decrease in the value of such Accounts after such Valuation Date.” 
 IN WITNESS WHEREOF,
the Company has caused this Amendment to be executed and attested. 
 GEO GROUP, INC. 

By:        /s/ George C.
Zoley             

Name:        George C. Zoley            

 Title:        Chairman and
CEO             
 Date:        
December 15, 2009              

  
 2EX-10.40

  
 Exhibit 10.40 

AMENDMENT TO 
 THE GEO GROUP, INC. DEFERRED COMPENSATION PLAN 
 WHEREAS, The GEO
Group, Inc., a Florida corporation (the “Company”) currently maintains and sponsors The GEO Group, Inc. Deferred Compensation Plan (the “Plan”); and 

WHEREAS, Section 9.1 of the Plan provides that the Company may amend the Plan at any time; and 

WHEREAS, the Board of Directors of the Company has determined it to be in the best interests of the Company to amend the Plan as
set forth herein. 
 NOW, THEREFORE, the Plan is hereby amended as follows: 

1. Effective beginning with Employer Matching Contribution with respect to the calendar year 2011 (which is currently scheduled to be
made in February of 2012), Section 3.4 of the Plan is amended by deleting it in its entirety and replacing it with the following: 
 “Employer Contributions. At the end of each calendar year, the Employer may make a contribution for each Employee who participated in the Plan. The Employer may, in its discretion,
designate a contribution as a “Matching” or “Non-Matching” Contribution and designate different contribution formulae and amounts for employees at different work site locations and/or in different work groups. 

In order to be eligible to receive the Employer Contribution, the Participant must be actively employed on the last day of the calendar
year. In addition, any Participant who at any time during the calendar year participated in The GEO Group, Inc. Executive Retirement Plan or The GEO Group, Inc. Senior Officer Retirement Plan shall not be eligible to receive an Employer Matching
Contribution with respect to such calendar year.” 
 2. Except as modified by this Amendment, all of the terms and
conditions of the Plan shall remain valid and in full force and effect. 
 IN WITNESS WHEREOF, the undersigned, a duly
authorized officer of the Company, has executed this instrument as of the third day of February, 2012, on behalf of the Company. 
  

			
	THE GEO GROUP, INC.
		
	By:	 	/s/ Stephen V. Fuller        
	Name:	 	Stephen V. Fuller
	Title:	 	Senior Vice President, Human ResourcesExhibit 10.41

 Exhibit 10.41 
 Performance Metrics for 2011 Annual Incentive Bonuses for Named Executive Officers 

The performance metrics for 2011 consist of two components: 
 1. Adjusted EBITDA 
  

	 	•	 	 an “adjusted EBITDA” performance measure with the threshold, target and maximum annual incentive bonus payouts depending on achievement of
specified threshold, target and maximum levels of adjusted EBITDA (with no amounts payable if threshold performance is not achieved and payout amounts interpolated on a straight line basis if actual adjusted EBITDA falls between the specified
adjusted EBITDA amounts for threshold and target achievement or between target and maximum achievement); 

  

	 	•	 	 The target bonus opportunity for 2011 is as set forth in each executive officer’s employment agreement (150% of base salary for Mr. Ordan,
100% of base salary for Messrs. Neeb and Haddock and $265,500 for Mr. Richards reflecting his target annual bonus of 50% of his $235,000 annual base salary during the portion of 2011 during which he served as chief accounting officer and a
target annual bonus of 100% of his $300,000 annual salary for the balance of 2011 during which he is serving as chief financial officer, pro-rated). The threshold bonus opportunity represents 50% of the target bonus opportunity. The maximum bonus
opportunity represents 200% of target for Mr. Ordan and 150% of target for Messrs. Neeb, Haddock and Richards. 

 ;
subject to: 
 2. Discretionary Adjustment 
  

	 	•	 	 a discretionary adjustment of -100% to +25% after the adjusted EBITDA payout amounts are calculated based on the Company’s performance, as
determined by the Compensation Committee, against budgeted occupancy levels, budgeted community revenue growth, budgeted community net operating income, budgeted general and administrative expenses (total and recurring), peer shareholder returns and
an assessment by the Compensation Committee of the fulfillment of the Company’s mission and standards of care, which factors the Company believes are critical to its 2011 operations. 

For purposes of calculating the adjusted EBITDA payout, “EBITDA” is net income (loss) attributable to common shareholders but
excludes depreciation and amortization, interest income, interest expense and (provision for) benefit from income taxes. “Adjusted EBITDA” further excludes stockholder litigation, buyout fees, restructuring costs, write-off of capitalized
project costs, allowance for uncollectible receivables from owners, impairment of long-lived assets, gain (loss) on investments, gain on fair value of liquidating trust note, other income 

 
(expense), stock compensation, gain on the sale and development of real estate and equity interests, loss from investments accounted for under the profit-sharing method, discontinued operations
(net of tax) and includes our proportionate share of joint venture interest, taxes, depreciation, rent, and amortization. Any incremental adjusted EBITDA from the acquisition of real estate or venture interests that was not contemplated in arriving
at the specified adjusted EBITDA targets for 2011 will be excluded from the final calculation of adjusted EBITDA in determining the threshold/ target/maximum payout. However, the incremental recurring cash flow (to be determined by arriving at net
income per generally accepted accounting principles and excluding depreciation and amortization expense) from unbudgeted acquisitions will be added to the final adjusted EBITDA computation.Exhibit 10.44

 Exhibit 10.44 
 2012 Director Fees 
 For 2012, our non-employee directors will receive
the following annual Board fees. These fees are paid on a calendar-year basis, quarterly in advance. No separate meeting attendance fees are paid for attending meetings of Board committees. 

 

					
	 Board Retainer
	  	$	150,000	(1)
	 Committee Chair Retainer:
	  			
	 Audit Committee
	  	$	25,000	  
	 Compensation Committee
	  	$	15,000	  
	 Fee for Serving on Audit Committee (other than the Committee Chair)
	  	$	10,000	  
	 Lead Director Fee
	  	$	50,000	  
	 Non-Executive Chair of the Board Fee
	  	$	100,000	  

  

	(1)	For 2012, the annual Board retainer is being paid 50% in cash and 50% in the form of a grant of 11,664 restricted stock units to each of our non-employee directors. The
grant was made on January 4, 2012 under our 2008 Omnibus Incentive Plan, as amended. The restricted stock units represent the right to receive an equivalent number of shares of our common stock and have a value of $75,000 based on the closing
price of our common stock on January 4, 2012 of $6.43 per share. The restricted stock units vest in four equal quarterly installments on January 4, 2012, April 1, 2012, July 1, 2012 and October 1, 2012, subject to
continued service as a director on the applicable vesting date. For Ms. Lynn Krominga, vested shares will be delivered within three days after December 31, 2012 or, if earlier, the date she ceases to be a director. For Ms. Glyn F. Aeppel and
Messrs. Thomas J. Donohue, Stephen D. Harlan, Paul J. Klaassen and William G. Little, who each elected to defer delivery of their vested shares, vested shares will be delivered within three days after they cease to be directors, if later than
December 31, 2012. Vesting of the restricted stock units will accelerate upon consummation of a “Change of Control”, as defined in our 2008 Omnibus Incentive Plan, as amended. 

In addition, all non-employee directors will be reimbursed for reasonable expenses incurred in attending meetings of the Board or Board
committees. 
 Mark S. Ordan, our chief executive officer, does not receive fees for serving on our Board.

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