Document:

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Form of Community First, Inc. Incentive Stock Option Agreement      Exhibit 10.2

                              COMMUNITY FIRST, INC.
                        INCENTIVE STOCK OPTION AGREEMENT

TO:

      We are pleased to notify you that you have been granted an option
("Option") to purchase _________ shares of the common stock no par value
("Common Stock") of Community First, Inc. (the "Company") at a price of $______
per share, the Fair Market Value of the Common Stock, under the Company's 2005
Stock Incentive Plan (the "Plan") by the Board of Directors (the "Board of
Directors" or "Board") of the Company or a Committee of the Board (the
"Committee") administering the Plan, as the case may be. This Option may
thereafter be exercised only upon the terms and conditions set forth below.

      1.    PURPOSE OF PLAN

      The purpose of the Plan under which this Option has been granted is to
enable the Company to attract, retain and reward key employees of and
consultants to the Company and its direct and indirect subsidiaries (each a
"Subsidiary", and, collectively, "Subsidiaries") and directors who are not also
employees of the Company, and to strengthen the mutuality of interests between
such key employees, consultants, and directors by awarding such key employees,
consultants, and directors (collectively "Participants") performance-based stock
incentive and/or other equity interests or equity-based incentives in the
Company, as well as performance-based incentives payable in cash.

      2.    PLAN CONTROLS

      This Option is granted pursuant to the terms of the Plan and is subject to
all of the terms and conditions of the Plan, which is incorporated herein by
reference. The Compensation Committee has authority to interpret this Option and
its interpretation shall be binding. If any of the provisions of this Option
conflict with or are inconsistent with the provisions of the Plan, the
provisions of the Plan shall be controlling.

      3.    ACCEPTANCE OF OPTION AGREEMENT

      Your execution of this option agreement will indicate your acceptance of
and your willingness to be bound by its terms; it imposes no obligation upon you
to purchase any of the shares subject to the Option. Your obligation to purchase
shares can arise only upon your exercise of the Option in the manner set forth
in Section 5 hereof.

      4.    WHEN OPTION MAY BE EXERCISED

      This option may be exercised in cumulative annual installments of ____% of
the total number of shares purchasable by you hereunder, the first such
installment being exercisable on _____, _______ (or one year from the date of
the grant) and subsequent additional installments of ____% of such shares being
exercisable on each anniversary of the _______ succeeding years thereafter. This
Option expires 10 years from the date of grant whether or not it has been duly
exercised, unless sooner terminated as provided in Sections 6, 7, and 8 hereof.

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      5.    HOW OPTION MAY BE EXERCISED.

      This Option is exercisable by giving written notice to the Company at its
executive offices, signifying your election to exercise the Option. The notice
must state the number of shares of Common Stock as to which the Option is being
exercised, must contain a statement by you (in a form acceptable to the Company)
that such shares are being acquired by you for investment and not with a view to
their distribution or resale (unless a registration statement covering the
shares purchasable been declared effective by the Securities and Exchange
Commission) and must be accompanied by check payable to the order of the Company
for the full purchase price of the shares being purchased and such amount, if
any, as may be required for income tax withholding. No shares shall be issued
until full payment therefor has been made and your income tax withholding
obligations satisfied.

      If notice of the exercise of this Option is given by a person or persons
other than you, the Company will require the submission to the Company of
appropriate proof of the right of such person or persons to exercise this
Option.

      Certificates for shares of the Common Stock so purchased will be issued as
soon as practicable. The Company, however, shall not be required to issue or
deliver a certificate for any shares until it has complied with all requirements
of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934,
as amended, any stock exchange on which the Common Stock may then be listed and
all applicable state laws in connection with the issuance or sale of such shares
or the listing of such shares on said exchange. Until the issuance of the
certificate for such shares, you or such other person as may be entitled to
exercise this Option, shall have none of the rights of a shareholder with
respect to shares subject to this Option.

      6.    TERMINATION OF EMPLOYMENT

      If your employment with the Company (or a Subsidiary) is terminated for
any reason other than as a result of your death, Disability or Normal or Early
Retirement, you may exercise that portion of this Option which was exercisable
by you at the date of termination at any time within ninety (90) days of the
date of such termination; provided, however, such exercise occurs within 10
years of the date this Option was granted to you, and further provided that in
the event such termination was for "Cause" (as defined in the Plan), this Option
shall immediately lapse and expire.

      7.    DISABILITY OR RETIREMENT

      If your employment with the Company (or a Subsidiary) is terminated by
reason of your Disability, you may exercise that portion of this Option which
was exercisable by you at the date of such termination at any time within 12
months of the date of such termination; provided, however, that such exercise
occurs within 10 years of the date this Option was granted to you. If your
employment with the Company (or a Subsidiary) is terminated by reason of Normal
or Early Retirement, you may exercise that portion of this Option which was
exercisable by you at the date of such termination at any time within ninety
(90) days of the date of such termination;

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provided, however, that such exercise occurs within 10 years of the date this
Option was granted to you.

      8.    DEATH

      If you die while employed by the Company (or a Subsidiary), or within the
applicable time periods set forth in Section 7 above for termination of your
employment due to Disability or Normal or Early Retirement, that portion of this
Option which was exercisable by you at the date of your death, Disability or
Retirement may be exercised by the legal representative of your estate or the
legatee or legatees under your will within 12 months from the date of your
death, but in no event after 10 years from the date this Option was granted to
you.

      9.    NON-TRANSFERABILITY OF OPTION

      This Option shall not be assignable or transferable without the prior
written consent of the Committee except by will or the laws of descent and
distribution.

      10.   INCENTIVE STOCK OPTION

      This Option is intended to be an "incentive stock option" as defined in
Section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
However, in the event that the number of shares subject to this Option exceeds
any maximum established under the Code for incentive stock options that may be
granted to you, this Option shall be considered a non-qualified stock option for
purposes of the Code to the extent of such excess.

      11.   ADJUSTMENTS

      The number of shares of Common Stock subject to this Option and the price
per share of such shares may be adjusted by the Board of Directors from time to
time pursuant to the Plan.

      12.   MODIFICATION

      This Option may be amended by the Committee, or the Board, as the case may
be (subject to certain limitations as set forth in the Plan), prospectively or
retroactively and in whole or in part, except that no such action may impair
your rights with respect to this Option without your consent.

      13.   MEANING OF CAPITALIZED TERMS

      Capitalized terms used herein and not otherwise defined shall have the
meaning ascribed to them in the Plan.

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      14.   WHEN OPTION BECOMES EFFECTIVE

      This Option shall not become effective unless a copy of this option
agreement has been signed by you and returned to the Company at the following
Address:

                              Community First, Inc.
                         501 South James Campbell Blvd.
                              Columbia TN 38401
                              Attn: Diane Scroggins

                                           Sincerely yours,

                                           COMMUNITY FIRST, INC.

                                           By:__________________________________
                                           Name: _______________________________
                                           Title: ______________________________

Agreed to and accepted this

_____day of________, ______

__________________________________

Name: ____________________________

                                       4exv10w1

 

Exhibit 10.1

THE GEO GROUP, INC.

SENIOR MANAGEMENT PERFORMANCE AWARD PLAN

	1.  	PURPOSE
	 
	   	The purpose of this Plan is to attract, retain, and motivate designated key employees of the
Company by providing performance-based cash awards. The Company believes such awards create
a strong incentive for the key employees participating in the Plan to expend maximum effort
for the growth and success of the Company. This Plan is effective for fiscal years of the
Company commencing on or after January 1, 2005 subject to shareholder approval in accordance
with applicable law.
	 
	2.  	DEFINITIONS
	 
	   	Unless the context otherwise requires, for purposes of this Plan, the terms below shall have
the following meanings:

	 	(a)  	“Board” shall mean the Board of Directors of the Company.
	 
	 	(b)  	“Code” shall mean the Internal Revenue Code of 1986, as amended and any
successor thereto.
	 
	 	(c)  	“Code Section 162(m) Exception” shall mean the exception for performance based
compensation under Section 162(m) of the Code or any successor section and the Treasury
regulations promulgated thereunder.
	 
	 	(d)  	“Company” shall mean The GEO Group, Inc. and any successor by merger,
consolidation or otherwise.
	 
	 	(e)  	“Committee” shall mean the Compensation Committee of the Board or such other
Committee of the Board that is appointed by the Board to administer this Plan; it is
intended that all of the members of any such Committee shall satisfy the requirements
to be outside directors, as defined under Code Section 162(m).
	 
	 	(f)  	“Discretionary Adjustment” shall have the meaning set forth in Section 5.3.
	 
	 	(g)  	“Net-Income-After-Tax” means net income of the Company, after all federal,
state and local taxes. For purposes of determining Net-Income-After-Tax, extraordinary
items and changes in accounting principals, as defined by United States generally
accepted accounting principles, shall be disregarded. Extraordinary items shall
include, but are not limited to, items of unusual and infrequent nature (i.e., loss
incurred in the early extinguishment of debt). Changes in accounting principles shall
include, but are not limited to, those that occur as a result of new pronouncements or
requirements issued by accounting authorities including, but not limited to, the
Securities Exchange Commission and the Financial Accounting Standards Board.
Non-recurring and unusual items not included or planned for in the Company’s annual
budget may be excluded from Net-Income-After-Tax in the sole and absolute discretion of
the Committee.

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	 	(h)  	“Participant” shall mean an executive employee of the Company eligible to
receive a Performance Award in accordance with this Plan. The executive employees of
the Company eligible to participate in the Plan are listed in Section 4 hereof:
	 
	 	(i)  	“Performance Award” shall mean the amount paid or payable under Section 5
hereof.
	 
	 	(j)  	“Performance Goals” shall mean the objective performance goals, formulas and
standards described in Section 6 hereof.
	 
	 	(k)  	“Plan” shall mean this Senior Management Performance Plan of the Company.
	 
	 	(l)  	“Plan Year” shall mean a fiscal year of the Company from January 1st to
December 31st.
	 
	 	(m)  	“Pro Rata” shall mean a portion of a Performance Award based on the number of
days worked during a Plan Year as compared to the total number of days in the Plan
Year.
	 
	 	(n)  	“Revenue” shall mean gross revenues of the Company.
	 
	 	(o)  	“Target Performance Award” shall mean the targeted Performance Award, expressed
as a percentage of base salary in effect on December 31 of the Plan Year as set forth
in Section 4 hereof.

	3.  	GOVERNANCE
	 
	   	The Plan shall be governed by the Committee. The Committee shall have the exclusive
authority and responsibility to: (i) interpret the Plan; (ii) determine the timing and form
of amounts to be paid out under the Plan and the conditions for payment thereof; (iii)
certify attainment of Performance Goals and other material terms; (iv) reduce Performance
Awards as provided herein; (v) authorize the payment of all benefits and expenses of the
Plan as they become payable under the Plan; (vi) adopt, amend and rescind rules and
regulations relating to the Plan; and (vii) make all other determinations and take all other
actions necessary or desirable for the Plan’s administration, including, without limitation,
correcting any defect, supplying any omission or reconciling any inconsistency in this Plan
in the manner and to the extent it shall deem necessary to carry this Plan into effect.
Notwithstanding anything to the contrary, the Plan shall be administered on a day-to-day
basis by the Chief Executive Officer and the Vice President of Human Resources of the
Company.
	 
	   	Decisions of the Committee shall be made by a majority of its members. All decisions of the
Committee on any question concerning the selection of Participants and the interpretation
and administration of the Plan shall be final, conclusive, and binding upon all parties.
The Committee may rely on information and consider recommendations provided by the Board or
the executive officers of the Company.

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	4.  	ELIGIBLE PARTICIPANTS; TARGET PERFORMANCE AWARD
	 
	   	The eligible Participants and the Target Performance Awards for such Participants are as
follows:

	 	 	 	 	 
	 	 	Target Performance Awards	 
	Positions	 	(% of Salary)	 
	Chief Executive Officer
	 	 	150	%
	President
	 	 	120	%
	Chief Financial Officer
	 	 	50	%
	Sr. Vice Presidents
	 	 	45	%

	5.  	PERFORMANCE GOALS AND PERFORMANCE AWARDS

	 	5.1  	PERFORMANCE GOALS. The Performance Goals shall be the budgeted
Net-Income-After-Tax and Revenue for the subject Plan Year, which shall be weighted as
follows:

	 	 	 	 	 	 	 	 	 
	Net-Income-After-Tax
	 	 	—	 	 	 	65	%
	Revenue
	 	 	—	 	 	 	35	%

	 	5.2  	PERFORMANCE AWARDS. Subject to compliance with Section 5.4 herein, each
Participant shall be eligible to receive a Performance Award based on the Company’s
financial performance for Revenue and Net-Income-After-Tax during the Plan Year.
Participants’

	 	   	Performance Awards will be calculated in accordance with the following chart:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	Percentage of Budgeted	 	 	 	Percentage Applied to	 	 
	 	 	 	 	Fiscal Year Performance	 	 	 	Relative Weighting of	 	 
	 	 	 	 	Goals Achieved for	 	 	 	Revenue	 	 
	 	Financial Performance	 	 	Revenue and for	 	 	 	and	 	 
	 	Achieved	 	 	Net-Income-After-Tax	 	 	 	Net-Income-After-Tax	 	 
	 	Below Threshold
	 	 	Less than 80%	 	 	 	0	%	 
	 	Minimum
	 	 	 	80	%	 	 	 	50	%	 
	 	Target
	 	 	 	100	%	 	 	 	100	%	 
	 	Maximum
	 	 	120% or more	 	 	 	150	%	 
	 

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Example A — Budget Performance

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Percentage	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Actual	 	 	 	 	 	 	 	 	Weighted	 	 	 	Target	 	 	 	Actual	 	 
	 	Target	 	 	Budget	 	 	 	Actual	 	 	 	to Budget	 	 	 	Factor	 	 	 	Percentage	 	 	 	Weighting	 	 	 	Weighting	 	 
	 	Revenue
	 	 	$	100.00	 	 	 	$	100.00	 	 	 	 	100	%	 	 	 	2.5	 	 	 	 	100	%	 	 	 	35	%	 	 	 	35	%	 
	 	Net Income
	 	 	$	10.00	 	 	 	$	10.00	 	 	 	 	100	%	 	 	 	2.5	 	 	 	 	100	%	 	 	 	65	%	 	 	 	65	%	 
	 	Total multiplier applied to individual target
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	100	%	 
	 

Example B — 105% Target Payout

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Percentage	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Actual	 	 	 	 	 	 	 	 	Weighted	 	 	 	Target	 	 	 	Actual	 	 
	 	Target	 	 	Budget	 	 	 	Actual	 	 	 	to Budget	 	 	 	Factor	 	 	 	Percentage	 	 	 	Weighting	 	 	 	Weighting	 	 
	 	Revenue
	 	 	$	100.00	 	 	 	$	102.00	 	 	 	 	102	%	 	 	 	2.5	 	 	 	 	105	%	 	 	 	35	%	 	 	 	36.8	%	 
	 	Net Income
	 	 	$	10.00	 	 	 	$	10.20	 	 	 	 	102	%	 	 	 	2.5	 	 	 	 	105	%	 	 	 	65	%	 	 	 	68.2	%	 
	 	Total multiplier applied to individual target percentage
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	105	%	 
	 

Example C — 95% Target Payout

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Percentage	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Actual	 	 	 	 	 	 	 	 	Weighted	 	 	 	Target	 	 	 	Actual	 	 
	 	Target	 	 	Budget	 	 	 	Actual	 	 	 	to Budget	 	 	 	Factor	 	 	 	Percentage	 	 	 	Weighting	 	 	 	Weighting	 	 
	 	Revenue
	 	 	$	100.00	 	 	 	$	98.00	 	 	 	 	98	%	 	 	 	2.5	 	 	 	 	95	%	 	 	 	35	%	 	 	 	33.3	%	 
	 	Net Income
	 	 	$	10.00	 	 	 	$	9.80	 	 	 	 	98	%	 	 	 	2.5	 	 	 	 	95	%	 	 	 	65	%	 	 	 	61.7	%	 
	 	Total multiplier applied to individual target percentage
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	95	%	 
	 

	 	   	Following final calculations of the Company’s Financial Performance during the
relevant Plan Year, data shall be presented to the Chief Executive Officer which
shall set forth the Participants’ Performance Awards and the award payouts in
accordance with the Senior Management Performance Award Plan. The Chief Executive
Officer shall review the data for all Participants, apply any Discretionary
Adjustments applicable pursuant to Section 5.3, and then prepare final
recommendations for the Committee.

	 	5.3  	DISCRETIONARY ADJUSTMENT. For Participants other than the Chief Executive
Officer and the President, the Chief Executive Officer may recommend a discretionary
increase (the “Discretionary Adjustment”) to a Participant’s Performance Award of up to
50% of the Performance Award calculated in accordance with the provisions of Sections
5.1 and 5.2, subject to review and approval by the Committee. The Chief Executive
Officer and the President shall not be eligible to receive a discretionary adjustment
pursuant to this Section 5.3.
	 
	 	5.4  	FORM AND TIMING OF PAYMENT; COMMITTEE CERTIFICATION. The Performance Awards
will be paid in cash to the Participants who are to receive such payments as soon as
practicable after the award amounts are approved and certified in writing by the
Committee.

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	6.  	CHANGE IN STATUS
	 
	   	In the event that a Participant’s status changes during the Plan Year, whether due to a
promotion, demotion or lateral move, the Participant shall be entitled to a Pro Rata portion
of the Target Performance Award for which he/she was eligible under this Plan, subject to
the terms of Section 5.4, based upon the length of time the Participant served in the
eligible position.
	 
	7.  	TERMINATION OF EMPLOYMENT
	 
	   	In the event that a Participant voluntarily terminates employment (except in the case of the
Chief Executive Officer or President for “Good Cause” as defined in their employment
agreements) or is terminated by the Company for cause (as defined under such Participant’s
employment agreement with the Company), any Performance Award for the Plan Year in which the
termination occurs will be forfeited. In the event of the death or disability of a
Participant, such Participant or such Participant’s estate, as applicable, shall be entitled
to receive his or her Pro Rata portion of the Target Performance Award for the Plan Year
with respect to which the death or disability occurred. For any Participant who retires from
employment with the Company upon or following the earliest retirement age established for
such Participant in a Company agreement or retirement plan, the Participant shall be
entitled to a Pro Rata portion of the Target Performance Award for which he/she was eligible
under this Plan, subject to the terms of Section 5.4, based upon the length of time the
Participant served in the eligible position prior to his/her retirement from employment with
the Company.
	 
	8.  	NON-ASSIGNABILITY
	 
	   	No Performance Award under this Plan or payment thereof, nor any right or benefit under this
Plan, shall be subject to anticipation, alienation, sale, assignment, pledge, encumbrance,
garnishment, execution or levy of any kind or charge, and any attempt to anticipate,
alienate, sell, assign, pledge, encumber and to the extent permitted by applicable law,
charge, garnish, execute upon or levy upon the same shall be void and shall not be
recognized or given effect by the Company.
	 
	9.  	NO RIGHT TO EMPLOYMENT
	 
	   	Nothing in the Plan or in any notice of award pursuant to the Plan shall confer upon any
person the right to continue in the employment of the Company or one of its subsidiaries or
affiliates nor affect the right of the Company or any of its subsidiaries or affiliates to
terminate the employment of any Participant.
	 
	10.  	AMENDMENT OR TERMINATION
	 
	   	The Board reserves the right, in its sole discretion, to amend, modify, suspend,
discontinue, or terminate the Plan or to adopt a new plan in place of this Plan at any time;
provided, however, that:

	 	(i)  	no such amendment shall, without the prior approval of the stockholders of the
Company in accordance with applicable law to the extent required under Code Section
162(m),

Page 5 of 6

 

	 	(a)  	alter the Performance Goals as set forth in Section 5.1;
	 
	 	(b)  	increase the maximum amounts set forth in Section 5.2 and Section 5.3;
	 
	 	(c)  	change the class of eligible employees set forth in Section 4; or
	 
	 	(d)  	implement any change to a provision of the Plan requiring
stockholder approval in order for the Plan to continue to comply with the
requirements of the Code Section 162(m) Exception;

	 	(ii)  	no amendment, suspension, or termination shall, without the consent of the
Participant, alter or impair a Participant’s right to receive payment of a Performance
Award for a Plan Year otherwise payable hereunder; and
	 
	 	(iii)  	in the event of any conflict between the terms of this Plan and the terms of
any employment, compensation or similar agreement between the Company and a
Participant, the terms of the employment, compensation or similar agreement between the
Company and the Participant shall prevail.

	11.  	SEVERABILITY
	 
	   	In the event that any one or more of the provisions contained in the Plan shall, for any
reason, be held to be invalid, illegal or unenforceable, in any respect, such invalidity,
illegality or unenforceability shall not affect any other provision of the Plan and the Plan
shall be construed as if such invalid, illegal or unenforceable provisions had never been
contained therein.
	 
	12.  	WITHHOLDING
	 
	   	The Company shall have the right to make such provisions as it deems necessary or
appropriate to satisfy any obligations it may have to withhold federal, state, or local
income or other taxes incurred by reason of payments pursuant to the Plan.
	 
	13.  	GOVERNING LAW
	 
	   	This Plan and any amendments thereto shall be construed, administered, and governed in all
respects in accordance with the laws of the State of Florida (regardless of the law that
might otherwise govern under applicable principles of conflict of laws).

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