SEPARATION AND TRANSITION AGREEMENT

This Separation and Transition Agreement (“this Agreement”) is made and entered into by and among FLIR Systems, Inc. (the “Company”), on the one hand, and Andrew C. Teich (“Teich”) on the other hand (collectively, the “Parties”).

1.Separation of Employment. Teich resigned his employment with the Company as President and Chief Executive Officer effective June 19, 2017. In exchange for the mutual covenants in this Agreement, however, the Company has asked Teich, and Teich has agreed, to continue his employment in a new capacity through the conclusion of a transition period (the “Transition Period”), as described in Section 2 below. Teich’s final day of work at the conclusion of the Transition Period (i.e. August 31, 2017) shall be referred to herein as the “Separation Date.”

2.Transition Period. In exchange for the mutual covenants in this Agreement, the Company agrees to employ Teich during the Transition Period on the following terms and conditions:

Company or Teich may terminate Teich’s employment at any time, for any or no reason, with or without prior notice.

Teich acknowledges and agrees that the offer of the Transition Period is not otherwise due to Teich under any Company employment agreement (oral or written) or policy or practice, and is not intended to and shall not constitute a severance plan, and shall confer no benefit on anyone other than the Parties. Teich further acknowledges that, except for the specific financial consideration set forth herein and benefits to which he is otherwise entitled under FLIR benefit plans, including but not limited to FLIR’s Supplemental Executive Retirement Plan (SERP), he is not entitled to any other compensation including, without limitation, wages, bonuses, vacation pay, holiday pay or any other form of compensation or benefit.

3.Advisory Term. Following the Separation Date, Teich shall serve as Senior Advisor to the Company for a period of one (1) year after the Separation Date (the “Advisory Term”). The Company will engage Teich on an at-will basis during the Advisory Term. Accordingly, Teich understands that, during the Advisory Term, either the Company or Teich may terminate Teich’s engagement as Senior Advisor at any time, for any or no reason, with or without prior notice.

4.Compensation during Advisory Term. In consideration of Teich’s execution of this Agreement and compliance with the terms hereof, and as compensation for Teich’s service as Senior Advisor, and further provided that Teich signs and returns to the Company the Release attached as Exhibit A within the timeframe provided therein, the Company shall provide Teich the following payments and benefits (together, the “Advisory Term Compensation”):

5.Relationship. It is the intention of the parties to this Agreement that, during the Advisory Term, Teich will not be an employee of the Company and nothing in this Agreement shall be construed to create an employment relationship between Teich and the Company following the Separation Date. Teich recognizes, acknowledges and agrees that all income paid to him under this Agreement shall

constitute income from self-employment and he shall be required to pay self-employment taxes pursuant to Section 1401 of the Internal Revenue Code. Teich recognizes, acknowledges and agrees that the Company, its officers, directors, and employees shall have no obligation or liability whatsoever to him, his heirs, administrators, assigns, or creditors for workers’ compensation, federal and state payroll taxes, unemployment compensation, minimum wages, Social Security assessments or similar charges, taxes or liabilities applicable to an employment relationship. Teich shall be solely liable for, and shall indemnify, defend and hold harmless the Company and its successors and assigns from and against any claim or liability of any kind (including penalties, fees or charges) resulting from the Teich’s failure to pay the taxes, penalties, and payments referenced in this section.

6.Waiver and Release. Teich expressly acknowledges and agrees that: (a) neither this Agreement nor the Parties’ performance hereunder constitutes “Good Reason” or a termination by the Company without “Cause” under any agreement between Teich and the Company (including but not limited to Section 4.3 or Section 4.4 of the Employment Agreement) or any Company policy or plan applicable to Teich; (b) Teich expressly waives and releases any right or claim by Teich or on Teich’s behalf that this Agreement or the Parties’ performance hereunder: (i) constitutes “Good Reason” or a termination without “Cause” by the Company under any agreement between Teich and the Company or any other Company policy or plan, or (ii) entitles Teich to any form of severance payment or benefit under any agreement between Teich and the Company (including but not limited to the payments and benefits described in Section 4.3 of the Employment Agreement) or any other Company policy or plan (collectively, “Severance Compensation”); and (c) Teich’s waiver and release described in subsection (b) constitutes an appropriate waiver and/or modification by the Party entitled to the benefits of the waived term or provision, as permitted by Section 7 of the Employment Agreement. This release includes waivable claims relating to the Severance Compensation under state or federal law relating to wage payments, and under state or federal common law (e.g., breach of express or implied contract, promissory estoppel, unjust enrichment, breach of a covenant of good faith and fair dealing, violation of public policy, misrepresentation, deceit or fraud), but excludes any claims that Teich cannot waive by operation of law, and any claims related to a breach of this Agreement.

7.Restrictive Covenants: In connection with Teich’s continued employment with the Company and his transition to the Senior Advisor role and in exchange for the benefits described herein, and for other good and valuable consideration, receipt of which is hereby acknowledged, Teich expressly acknowledges and agrees that certain restrictions on his activities are necessary to protect the goodwill, confidential information and other legitimate interests of the Company and its affiliates. Accordingly, as of the Effective Date, Teich agrees as follows:

company. For purposes of this Agreement, “Products” means all products planned, researched, developed, tested, manufactured, sold, licensed, leased or otherwise distributed or put into use by the Company or any of its affiliates, together with all services provided or planned by the Company or any of its affiliates, during Teich’s employment (including, but not limited, the Advisory Term). If the Company terminates this Agreement at any time between the Effective Date of this Agreement and the conclusion of the Advisory Term, then the Restricted Period shall end 12 months after the date of such termination by the Company.

Teich acknowledges and agrees that, upon the Effective Date, this Section 7 supersedes and replaces the restrictions in Section 6.1(a) through Section 6.1(c) of the Employment Agreement. To the extent applicable, Teich further acknowledges and agrees that this Section 7 constitutes an appropriate modification and notice thereof as permitted by Section 7 of the Employment Agreement.

8.Return of Company Property: Prior to the conclusion of the Advisory Term (or earlier as requested by the Company), Teich shall return to the Company, and shall not retain in his possession without the express permission of the Chief Executive Officer, any Company property, including business records, business documents, or any other materials or property relating to the Company, whether on computer or hard copy, and all copies thereof. Teich acknowledges that all such Company property is and shall remain the exclusive property of the Company. Teich will be permitted to retain his personal computer and mobile devices, provided that he first makes them available to FLIR so that confidential and proprietary information can be removed. Teich will also be permitted to retain the E95 Instruments camera made available to him for his use during his employment with the Company.

9.Cooperation. Teich agrees to cooperate fully with the Company in connection with any matter or event relating to Teich’s employment or events that occurred during Teich’s employment or other engagement to provide advisory services (including but not limited to the Advisory Term), including but not limited to (a) cooperating in the defense or prosecution of any claims or actions now in existence or which may be brought or threatened in the future against or on behalf of the Company, including any claims or actions against its affiliates and its and their officers and employees; (b) being available, upon reasonable notice to meet with the Company regarding matters in which Teich has been involved, including any contract matters or audits; (c) preparing for, attending and participating in any legal proceeding including, without limitation, depositions, consultation, discovery or trial; (d) providing affidavits and/or acting as a witness in connection with respect to any litigation or other legal proceeding affecting the Company; (e) assisting with any audit, inspection, proceeding or other inquiry. The Company will reimburse Teich for all reasonable documented, out-of-pocket expenses he incurs in providing such cooperation to the Company. Teich agrees that should Teich be contacted (directly or indirectly) by any person or entity (for example, by any party representing an individual or entity) adverse to the Company, Teich shall promptly notify the Chairman of the Board prior to the Separation Date. In the event that Teich receives an order, subpoena, request, or demand for disclosure of the Company’s trade secrets and/or confidential and proprietary documents and information from any court or governmental agency, or from a party to any litigation or administrative proceeding, Teich shall notify the Company of same as soon as reasonably possible and prior to disclosure, in order to provide the Company with the opportunity to assert its respective interests in addressing or opposing such order, subpoena, request, or demand. Notwithstanding anything in this agreement to the contrary, Teich and the Company agree that the obligations imposed upon him under this section shall survive the termination or expiration of the Advisory Term.

10.Acknowledgments: The Parties expressly acknowledge and agree to the following: (a) the Advisory Term Compensation represents material consideration for Teich’s undertakings and obligations under this Agreement; (b) except as set forth herein, Teich is not entitled to and shall not receive any additional payments or benefits of any kind from the Company, and shall not accrue additional benefits under any of the Company’s applicable employee benefit plans; and (c) with the exception of vested benefits due him under any FLIR employee benefit plan, including but not limited to the Supplemental Executive Retirement Plan, Teich has been or will be paid all compensation to which he was otherwise entitled by the Company prior to or simultaneously with the Separation Date, and there are no additional wages or other compensation due and owing to Teich after the Separation Date, except as expressly provided in this Agreement.

11.Non-Disparagement: Teich agrees not to disparage, or make any disparaging remarks or send any disparaging communications concerning, the Company, its reputation, its business, and/or its directors, officers, managers, agents and employees. The members of Company’s current Board of Directors and the Company’s current General Counsel likewise agree not to disparage, or make any disparaging remarks or send any disparaging communications concerning Teich.

12.Confidentiality; No Disclosures: Teich agrees not to disclose to anyone, other than his immediate family, accountant and attorney, the circumstances surrounding this Agreement or its terms, conditions or negotiation, and then only upon their express agreement not to disclose such subject matter to another person, except as required or permitted by law (in which case, Teich shall, to the extent practicable, notify the Company of such before making any such disclosure).

13.Non-Admission of Liability: This Agreement is not, and shall not in any way be construed as an admission by either Party that it has acted wrongfully with respect to the other or any other person, or that such has any rights whatsoever against the other, except as set forth herein.

14.No Modification: No waiver or modification of this Agreement or any term hereof shall be binding unless it is in writing and signed by the Parties hereto or their expressly authorized representatives. In the event that one or more of the provisions of this Agreement shall become invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not be affected thereby.

15.Rule of Ambiguities; Severability: It is agreed and understood that the general rule that ambiguities are to be construed against the drafter shall not apply to this Agreement. In the event that any language in this Agreement is found or claimed to be ambiguous, each Party shall have the same opportunity to present evidence as to the actual intent of the Parties with respect to any such purportedly ambiguous language, without any inference or presumption being drawn against the purported drafter. In the event that one or more of the provisions of this Agreement shall become invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not be affected. In the event that any of the provisions with respect to confidentiality, non-competition and/or non-solicitation as set forth in this Agreement are not enforceable in accordance with their terms, Teich and the Company agree that such provisions shall be reformed to make them enforceable in the manner which provides the Company with the maximum rights and protections permitted by law.

16.Governing Law; Venue and Jurisdiction: This Agreement shall be construed in accordance with the laws of New Hampshire, without giving effect to conflict of law principles. Any claims or legal actions by one party against the other shall be commenced and maintained in any state or federal court located in the State of New Hampshire, and the parties hereby expressly submit to the jurisdiction and venue of any such court and hereby waive any defense based on a lack of jurisdiction.

17.Successors and Assigns. This Agreement shall be binding upon, and inure to the benefit of, both Parties and their respective successors and assigns, including any corporation with which, or into which, the Company may be merged or which may succeed to its assets or business, provided, however, that the obligations of Teich are personal and shall not be assigned by Teich.

18.Entire Agreement: This Agreement, along with the other specific agreements that are expressly incorporated herein by reference and stated as surviving the signing of this Agreement, supersedes any and all prior or contemporaneous oral and written agreements between Teich and the

Company, and set forth the entire agreement between the Parties with regard to the matters described herein.

19.Captions: The captions of the paragraphs of this Agreement are for convenience of reference only and in no way define, limit or affect the scope or substance of any section of this Agreement.

20.Voluntary Execution: The Parties hereby acknowledge that they have read and understand this Agreement, that they have affixed their signature hereto voluntarily and without coercion, and that their agreement to the terms contained herein is knowing, conscious and with full appreciation of the meaning of such terms.

Teich shall have the Review Period to consider whether to execute this Agreement. If Teich does not sign and return this Agreement to the Company within the Review Period, this Agreement automatically shall terminate and be withdrawn.

This Agreement may be executed in counterparts, which together shall be effective as if they were a single document. Signatures of this Agreement transmitted by e-mail or facsimile copy shall have the same force and effect as original signatures.

I, Andrew Teich, acknowledge and reaffirm the terms and conditions of the separation and transition agreement with FLIR Systems, Inc. (“FLIR”), dated June __, 2017 (the “Agreement”). I hereby acknowledge and agree that in exchange for the consideration provided in the Agreement, I am waiving and releasing my right to assert any form of legal claim, charge, complaint or action (together, “Claims”) against FLIR and its divisions, affiliates and subsidiaries, and its and their respective officers, directors, members, employees, agents and assigns (collectively, the “FLIR Releasees”) for any alleged action or circumstance arising from the beginning of time through August 31, 2017 (the “Separation Date”), whether known or unknown by me. This waiver and release bars Claims seeking any form of relief, including equitable relief, the recovery of damages, or other forms of monetary recovery. I understand, however, that this Agreement does not limit my right to receive an incentive award, reward or bounty provided by the Securities and Exchange Commission for the reporting of possible securities law violations.

Without limiting the generality of the foregoing, I specifically waive, and release the FLIR Releasees from, any and all Claims arising from or related to my employment relationship with FLIR through the Separation Date under Oregon, New Hampshire, or other state, local or federal law including, but not limited to:

Notwithstanding the foregoing, I understand that this General Release of Claims does not: (i) release the FLIR Releasees from any obligation expressly set forth in the Agreement, (ii) act as a waiver or release of any Claims that I cannot by law waive or release, (iii) act as a waiver of right to benefits under any benefit plan in which I am a participant, including but not limited to the Supplemental Executive Retirement Plan; (iv) act as a waiver of right or release of any claim that I may have to indemnification under applicable contract or law; or (v) prohibit me from challenging the validity of this waiver and release under federal law, from filing a complaint of employment related discrimination with or participating in an investigation or proceeding conducted by the Equal Employment Opportunity Commission (“EEOC”) or similar state agency.

My waiver and release, however, are intended to be a complete bar to: (i) any equitable relief (whether declaratory, injunctive or otherwise) and (ii) the recovery of damages and similar forms of monetary recovery (including back pay, front pay, overtime pay, compensatory damages, emotional distress damages, punitive damages, attorneys’ fees and other costs) with respect to any Claims (except those which cannot be released under law), including those raised through a charge or complaint with the EEOC, or any other federal, state or local agency. Accordingly, nothing in this General Release of Claims or in the Agreement shall limit FLIR’s right to seek immediate dismissal of such charge or complaint on the basis that my signing of this General Release of Claims or the Agreement constitutes a full release of any such Claims. I further acknowledge and agree that, but for providing this waiver and release, I would not be receiving the Separation Payment, the Additional Payment or the Attorney Payment provided to me under the Agreement.

    

Nothing herein shall prohibit me from providing truthful testimony in any legal proceeding, communicating or participating in any proceeding with any governmental agency or representative, or making any truthful disclosure required under law, provided, however, I agree that I will use my best efforts to ensure that the Agreement is complied with to the extent possible. Moreover, nothing in this Agreement shall prohibit my reporting of possible violations of federal securities statutes, regulations or executive orders to any government agency or similar entity or making other disclosures that are protected under the whistleblower provisions of federal securities law. However, except as otherwise explicitly provided in this General Release of Claims, I will be prohibited to the fullest extent authorized by law from obtaining monetary damages in any agency proceeding in which I participate.

In addition, I represent that I have not filed against the FLIR Releasees, any complaints, claims or lawsuits with any court, administrative agency or arbitral tribunal prior to the date of this General Release of Claims and that I have not raised any internal complaints regarding FLIR’s compliance with applicable laws.   I am not aware as of the date of this General Release of Claims of any facts or circumstances that would give rise to a complaint, claim or lawsuit against the FLIR Releasees regarding FLIR’s compliance with applicable laws, including, without limitation, the Federal Securities Laws (as defined in Rule 38a-1 under the Investment Company Act of 1940), and any federal and/or state wage and hour law.

I have been advised and given the opportunity to consult with legal counsel regarding this General Release of Claims.

I acknowledge that I have specific rights under the Age Discrimination in Employment Act (“ADEA”) and the Older Workers Benefits Protection Act (“OWBPA”). I fully understand the provisions and effects of the Agreement and this General Release of Claims, and specifically my release of Claims under the ADEA and the OWBPA, and I am entering this Agreement and Release of Claims knowingly and voluntarily. I have twenty-one (21) days in which to consider and accept the terms of this General Release of Claims. I will have seven (7) days following the execution of this General Release of Claims to revoke this General Release of Claims by providing written notice of revocation to Earl R. Lewis and, if I do not exercise my right to revoke the General Release of Claims, this General Release of Claims shall become effective on the eighth (8th) day following my execution of it (the “General Release Effective Date”). Please sign, date and return this General Release of Claims to FLIR within twenty-one (21) days of the Separation Date (with delivery in the same manner as required for the Agreement).