Document:

FLIR-2014.6.30-10QEx-10.2

SEPARATION AGREEMENT AND RELEASE

The parties to this Separation Agreement and Release (Agreement) are FLIR Systems, Inc., including its subsidiaries (Employer), and William W. Davis (Employee).

RECITALS

A.    Employee submitted his voluntary resignation, which Employer accepted.  Employee's employment will terminate, effective June 30, 2014.

B.    Employee elects to receive severance pay and related benefits under this Agreement under the terms and conditions set forth below.

Therefore, in consideration of the mutual promises set forth below, the parties, intending to be legally bound, agree as follows: 
    
1.    Employment Termination.  Employee's last day of work will be June 30, 2014 (Separation Date).  On or before Employee’s last day of work, except as may be otherwise agreed by Employer and Employee, Employee shall return to Employer all Employer property in his possession, and provide certification that all Employer software and data have been deleted from Employee’s personal electronic devices (e.g. computers, mobile phones, tablets).  Employee acknowledges (i) Employee has reported to the Employer any and all work-related injuries incurred during employment; (ii) the Employer properly provided any leave of absence because of Employee’s or a family member’s health condition and Employee has not been subjected to any improper treatment, conduct or actions due to a request for or taking such leave; and (iii) Employee has provided the Employer with written notice of any and all concerns regarding suspected ethical and compliance issues or violations on the part of the Employer or any released person or entity.

2.    Payment, Transition Assistance and Professional Services Agreement.  

In consideration of the terms and conditions of this Agreement, Employer and Employee agree to provide the following:

		
	a.
	Employer will pay to Employee a bi-weekly sum of $2,638.28, subject to applicable deductions and withholdings.  This sum will be paid in twenty-two installments, payable via the payroll of Employer, beginning on July 4, 2014 and ending April 24, 2015. 

		
	b.
	Transition Cooperation.  Beginning after the Separation Date, throughout the period for which Employee receives continuing payments under this Agreement, Employee will reasonably cooperate with and assist the Company with respect to transition issues arising out of Employee’s separation from the Company, including by returning calls or emails in a timely manner, and assisting the Company with respect to any disputes, claims, arbitration or litigation against the Company or Releasees (as defined below).  Any reasonable and related hard costs incurred by Employee as a result of Employee’s cooperation will be paid for or promptly reimbursed by Company.

		
	c.
	Employee agrees that Employee will not knowingly encourage, counsel, or assist any attorneys or their clients in the presentation or prosecution of any disputes, differences, grievances, claims, charges, or complaints by any third party against any of the Releasees, unless under a subpoena or other court order to do so.  Employee agrees, to the extent permitted by applicable law or cognizant authority, both to immediately notify the Company upon receipt of any subpoena or court order, and to furnish, within three (3) business days of its receipt, a copy of such subpoena or other court order.  If approached by anyone for counsel or assistance in the presentation or prosecution of any disputes, differences, grievances, claims, charges, or complaints against any of the Releasees, Employee shall state no more than that Employee cannot provide counsel or assistance.

		
	d.
	As further consideration for this Agreement, Employee shall receive a Professional Services Agreement (PSA) in substantially the form attached hereto as Exhibit 1. The PSA is contingent on Employee accepting this Agreement. The PSA will be void and unenforceable if Employee fails to timely accept this Agreement, or fails to return all Employer property and the certification required under paragraph 1.

3.    Health Insurance.  Employee's coverage under Employer’s health insurance plan ends at the end of the month in which Employee’s termination occurs.  Regardless of whether Employee accepts this offer, if eligible, Employee may continue full health insurance benefits for himself and his immediate family as provided under federal COBRA regulations.  Employee is responsible for all payments under COBRA for continuation of health insurance benefits.

4.    Retirement Plans.  Regardless of whether Employee accepts this offer, Employee shall be entitled to Employee's rights under the FLIR Systems, Inc. 401(k) Savings Plan, as such plan, by its provisions, applies upon Employee's termination.

5.    General Release.  In consideration of the benefits provided in this Agreement, Employee releases Employer, its current and former directors, officers, agents, employees, attorneys, insurers, related corporations, successors and assigns (“Releasees”), from any and all liability, damages or causes of action, whether known or unknown, whether in tort, contract, equity, or under state or federal statute.  Employee understands and acknowledges that this release includes, but is not limited to any claim for reinstatement, reemployment, attorney fees or additional compensation in any form, and any claim, including but not limited to those arising under the Rehabilitation Act of 1973, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Post Civil War Civil Rights Act (42 U.S.C. 1981-88), the Genetic Information Nondiscrimination Act, the Americans with Disabilities Act, the Vietnam Era Veterans Readjustment Assistance Act, the Employee Retirement Income Security Act of 1975 (ERISA), Executive Order 11246, as amended, and the civil rights, employment, and labor laws of any state and any regulation under such authorities relating to Employee's employment or association with Employer or the termination of that employment and association.

The above release does not waive claims (i) for unemployment or workers’ compensation, (ii) for vested rights under ERISA-covered employee benefit plans as applicable on the date Employee signs this Agreement, (iii) that may arise after Employee signs this Agreement, or (iv) which cannot be released by private agreement.  Nothing in this release generally prevents Employee from filing a charge or complaint with or from participating in an investigation or proceeding conducted by the EEOC or any other federal, state or local agency charged with the enforcement of any employment laws, although by signing this release Employee waives the right to individual relief based on claims asserted in such a charge or complaint, except with the NLRB or anywhere else such a waiver is prohibited. Nothing herein shall be intended or deemed, however, as a release or waiver of any existing express rights Employee has under Oregon law, the FLIR Systems, Inc. Articles of Incorporation and By-Laws, or under any applicable insurance policy, to indemnity, advance, reimbursement and/or defense against losses arising from Employee’s actions within the proper course and scope of his employment with Employer.
6.    Confidentiality.  Employee acknowledges that while employed at the Employer, Employee had access to certain confidential or proprietary information, including but not limited to hard or soft copies of proprietary information, technical drawings and/or data relating to them, source code design and intellectual property, schematics, bills of material, customer lists, contacts and information.  Employee shall not utilize or divulge any confidential or proprietary information concerning Employer to any third party, including but not limited to competitors, at any time.  Employee understands and agrees that this confidentiality obligation survives the termination of Employee’s employment.  Employee shall return to the Employer, either on Employee’s final day of employment or within three (3) business days of such date, all confidential or proprietary material, as well as all Employer documents of whatever type of form provided to or created by the Employee and shall retain no copies of such documents or other materials. 
Attorney Client Privileged or Attorney Work Product Information.  Given Employee’s unique role for employer regarding legal and human resources issues, and his actual or potential access to information subject to Employer’s attorney client or work product privilege (collectively, “Attorney Client Confidential Information”), Employee reaffirms his understanding that during Employee’s employment with Employer and forever following the termination of his employment with Employer for any reason, whether with or without cause, at the option either of Employer or Employee, with or without notice, Employee shall not directly or indirectly share any Attorney Client Confidential Information with anyone in any format, including Employee’s own legal counsel, if any. Employee warrants that he has not disclosed, orally or in writing, directly or indirectly, any Attorney Client Confidential Information to any unauthorized party, and that he warrants and represents that he will not do so at any time in the future. 

 
    7.    Survival.  Employee further acknowledges that any agreements Employee previously executed regarding confidential information, non-competition, non-solicitation and assignment of inventions, survive the signing of this Agreement, and Employee agrees to be bound by these continuing agreements and obligations.

8.    Disparagement.  Employee will not make any malicious, disparaging or false remarks about Employer, its officers, directors or employees, or its products or operations.  Employee further agrees to refrain from making any negative remarks regarding Employer or any statements which could be construed as having or causing a diminishing effect on Employer’s reputation, goodwill or business. Nothing in this paragraph shall prevent Employee from responding truthfully to a valid subpoena, court order and/or similar process from a judicial, law enforcement, administrative or regulatory body of competent jurisdiction. 

9.    Consent to Injunction.  Employee agrees that his violation or threatened violation of paragraphs 6 or 8 shall constitute a breach of this Agreement that will cause or will threaten to cause irreparable injury to Employer, and that monetary damages alone would not adequately compensate Employer for the harm suffered.  Employee agrees that Employer shall be entitled to injunctive relief to enjoin any breach or threatened breach of paragraphs 6 or 8 in addition to any other available remedies.

10.    No Admission of Liability.  Employee agrees that nothing in this Agreement, its contents, and any payments made under it, will be construed as an admission of liability on the part of Employer or Employee.

    
11.    Dispute Resolution.  The parties agree that any dispute (1) concerning the interpretation, construction or breach of this Agreement, (2) arising from Employee's employment or service with Employer, (3) relating to any compensation or benefits Employee may claim, or (4) relating in any way to any claim by Employee for reinstatement or reemployment by Employer after execution of this Agreement, shall be governed by the Employer’s Dispute Resolution Policy put into effect in September of 2009. Both parties agree that the procedures outlined in the Employer’s Dispute Resolution Policy are the exclusive methods of dispute resolution; provided, however, that Employer shall be entitled to seek injunctive relief in any court of competent jurisdiction to prevent a breach or threatened breach of paragraphs 6 and 8, notwithstanding anything in this paragraph to the contrary.

12.    Successors and Assigns.  This Agreement shall be binding upon Employee's heirs, executors, administrators and other legal representatives and may be assigned and enforced by Employer, its successors and assigns.

13.    Severability.  The provisions of this Agreement are severable.  If any provision of this Agreement or its application is held invalid, the invalidity shall not affect other obligations, provisions, or applications of this Agreement which can be given effect without the invalid obligations, provisions, or applications.

14.    Waiver.  The failure of either party to demand strict performance of any provision of this Agreement shall not constitute a waiver of any provision, term, covenant, or condition of this agreement or of the right to demand strict performance in the future.

15.    Paragraph Headings.  The paragraph headings contained herein are for reference purposes only and will not in any way affect the meaning or interpretation of this Agreement.

16.    Governing Law.  This Agreement shall be governed by, and construed in accordance with, the laws of the State of Oregon without regard to any conflicts of laws provisions.  Subject to paragraph 11 above, the exclusive venue for any actions arising from this Agreement, to enforce the terms of this Agreement, or regarding its breach or anticipated breach shall be a court of competent jurisdiction or an alternative dispute proceeding in Oregon.    

17.    Expiration Date.  Employee acknowledges that he has been given a period of at least seven days to consider this offer. Employee acknowledges in the event he has not executed and returned the signed Agreement to Paul Zaninovich at 27700 SW Parkway Avenue, Wilsonville, OR 97070 by June 10, 2014, the offer shall expire. This Agreement may be delivered by facsimile or electronic mail.

18.    Entire Agreement.  Employee remains bound by the terms of any and all agreements Employee entered into with Employer with respect to confidential information, non-competition, non-solicitation and assignment of inventions.  This Agreement, together with those prior agreements, if any, concerning confidential information, non-competition, non-solicitation and assignment of inventions, constitute the entire agreement between the parties and supersede all prior or contemporaneous oral or written understandings, statements, representations or promises with respect to their subject matter.  This Agreement is not effective until signed by both parties, but may be signed in counterparts.

Please read carefully. Except as otherwise set forth herein, this Agreement generally includes a release of all known and unknown claims. Employee and Employer acknowledge that he or it has read this Agreement, understands it and is voluntarily entering into it.
    
		
	EMPLOYEE
	FLIR SYSTEMS, INC.

 /s/ William W. Davis                By:     /s/ Anthony L. Trunzo            

Date:     June 9, 2014                Date:     June 9, 2014                    

Page 1 -   SEPARATION AGREEMENT AND RELEASEFLIR-2014.6.30-10QEx-10.3

     

FLIR SYSTEMS, INC.
PROFESSIONAL SERVICES AGREEMENT

This Professional Services Agreement (the “Agreement”) is made as of the date last signed below in Wilsonville, County of Clackamas, State of Oregon,

between

FLIR Systems, Inc. (hereinafter, the “Company” or “FLIR”), a corporation having offices at 27700 SW Parkway Avenue, Wilsonville, Oregon 97070

and

William W. Davis (hereinafter, the “Consultant”) (individually, a “Party” and together, the “Parties”).  

1.  SCOPE OF WORK TO BE PERFORMED.  Given Consultant’s unique role as the former General Counsel for FLIR, and in light of FLIR’s ongoing needs for certainty, continuity and transfer of information, FLIR desires to retain Consultant and Consultant agrees to provide services as needed in performing the following tasks: 

		
	a.
	Be available to the Company for consultation regarding transition and historical legal matters relating to the Company’s business and ongoing, threatened or new litigation, claims, arbitrations or disputes (“Disputes”).

		
	b.
	Throughout the period for which Consultant receives payments under this Agreement, Consultant will reasonably cooperate with and assist the Company with respect to the Company’s legal and related issues, including by returning calls or emails in a timely manner, and assisting the Company with respect to any Disputes.  

		
	c.
	Consultant agrees that Consultant will not knowingly encourage, counsel, or assist any attorneys or their clients in the presentation or prosecution of any disputes, differences, grievances, claims, charges, or complaints by any third party against any of the Releasees, unless under a subpoena or other court order to do so.  Consultant agrees, to the extent permitted by applicable law or cognizant authority, both to immediately notify the Company upon receipt of any subpoena or court order, and to furnish, within three (3) business days of its receipt, a copy of such subpoena or other court order.  If approached by anyone for counsel or assistance in the presentation or prosecution of any disputes, differences, grievances, claims, charges, or complaints against any of the Releasees, Consultant shall state no more than that Consultant cannot provide counsel or assistance. 

		
	d.
	Meet with the Company’s legal counsel or others as appropriate to assist the Company in preparing for deposition or other discovery in any Disputes.

Consultant shall receive direction and assignments from the Company’s Chief Financial Officer (“Supervisor”).  As may be required pertaining to the above tasks, Consultant will submit a written report to Supervisor.
2.  TERMS OF PAYMENT.  FLIR shall pay Consultant in accordance with the following terms upon receipt of monthly invoices: 

		
	a.
	Retainer:  $8,000 to be paid monthly by the 15th business day of each month, by direct deposit to Consultant’s designated bank account.  

Page 1 of 1

		
	b.
	Continued vesting through the term of this Agreement on any outstanding equity grants that were granted while Consultant was an employee of the Company.

3.  REIMBURSEMENT OF EXPENSES.  Consultant must receive pre-approval before incurring any expenses or traveling on behalf of the Company. FLIR shall reimburse Consultant for any expenses paid or incurred by Consultant in the normal course of performing the tasks or special projects.  Travel expenses will be reimbursed in accordance with FLIR’s travel policy.

4.  EQUIPMENT, TOOLS, MATERIALS, OR SUPPLIES.  FLIR shall provide Consultant with a flir.com email address and appropriate access to the FLIR network.  Consultant shall supply, at Consultant’s expense, all other equipment, tools, materials, and/or supplies to accomplish the scope of work to be performed.

5.  FEDERAL, STATE AND LOCAL PAYROLL TAXES.  Neither federal, nor state, nor local income tax nor payroll tax of any kind shall be withheld or paid by FLIR on behalf of Consultant with respect to payments received by Consultant under terms of this Agreement.   Consultant shall not be treated as an employee with respect to the services performed hereunder for Federal or state tax purposes.

6.  NOTICE TO CONSULTANT REGARDING TAX DUTIES AND OTHER LIABILITIES.  Consultant understands that Consultant is responsible to pay, according to law, Consultant income tax for services performed under this Agreement.  If Consultant is not a corporation, Consultant further understands that Consultant may be held liable for self-employment (Social Security) tax, to be paid by Consultant according to law for payments under this Agreement.  Further, Consultant shall indemnify and hold FLIR harmless from any and all losses, injuries, or damages caused by Consultant’s negligence, reckless or intentional acts or omissions unless incurred within the scope of work or special projects to be performed on behalf of FLIR within the meaning of this Agreement.  Consultant will show upon request a policy of insurance to cover any negligent acts committed by Consultant.

7.  BENEFITS.  Except as may be provided in defined employee benefit plans granted prior to Consultant’s retirement from the Company, Consultant is not eligible for, and shall not participate in, any employee pension, health, or other benefit plan, of FLIR.

8.  WORKERS’ COMPENSATION.  No workers’ compensation insurance shall be obtained by FLIR concerning Consultant.  Consultant shall comply with all applicable workers’ compensation laws concerning Consultant , and shall provide to FLIR a certificate of Workers’ Compensation Insurance or similar upon request.

9.  TERM OF AGREEMENT.  The term of this Agreement shall commence on July 1, 2014 and terminate at 11:59 p.m. on April 30, 2015.

10. TERMINATION WITH CAUSE.  With reasonable cause, the Company may terminate this Agreement effective immediately upon providing written notice of termination for cause to Consultant.  Reasonable cause shall mean:
		
	a.
	Consultant’s material violation of this Agreement or any other agreement previously or in the future entered into between the parties; 

		
	b.
	an act by Consultant which constitutes misconduct;

		
	c.
	any act exposing the Company to liability to others for personal injury or property damage. 

Page 2 of 2

		
	d.
	the Consultant’s conviction of, or pleas of “guilty” or “no contest” to, a felony or any crime of integrity;

		
	e.
	any act of dishonesty or fraud by the Consultant;

		
	f.
	any conduct by Consultant which has the potential to negatively affect the reputation of the Company;

		
	g.
	failure by Consultant to be reasonably available, including during business hours, to perform the duties which he is required to perform hereunder.

		
	h.
	neglect by the Consultant of the duties which he is required to perform hereunder.

In addition, the Company shall have the absolute right to terminate this Agreement immediately upon the occurrence of any one of the following events: 

		
	i. 
	FLIR being obliged under law to terminate this Agreement.

		
	ii.
	Consultant:

		
	•
	becomes employed, controlled or managed by any other person, body or corporation without prior written consent of Supervisor;

		
	•
	fails to comply with or observe any law, or government regulation, or becomes involved in legal proceedings or activities which may prejudice or harm the business or good name of FLIR; or

		
	•
	becomes suspended, disbarred or disqualified from conducting transactions, including U.S. Government contracts.

11. NON-WAIVER.  The failure of either Party to exercise any of its rights under this Agreement for a breach thereof shall not be deemed to be a waiver of such rights or a waiver of any subsequent rights.

12. NO AUTHORITY TO BIND.  Consultant has no authority to enter into contracts or agreements on behalf of FLIR.  This Agreement does not create a partnership or other business relationship between the Parties, other than Consultant’s role as an independent contractor providing services to FLIR.

13. DECLARATION BY THE CONSULTANT.  Consultant declares that Consultant (i) has complied with all applicable federal, state and local laws regarding business permits, certificates and licenses that may be required to carry out the work to be performed under this Agreement, and (ii) will comply with all such laws, regulations or license requirements which are or may pertain to FLIR’s business and the services to be performed by Consultant. 

14.  PROPRIETARY INFORMATION.

		
	a.  
	FLIR shall retain all title, right and interest it possesses in any drawings, information, data, reports, specifications or documentation, whether of a technical, financial or business nature (hereinafter “Proprietary Data”) furnished to Consultant by FLIR.  For purposes of this Agreement, Proprietary Data shall include such data disclosed in tangible form or in oral or intangible form.

Page 3 of 3

		
	b. 
	Consultant agrees that the Proprietary Data shall not be used or reproduced for any purposes whatsoever except for the performance of services under this Agreement.  Consultant further agrees not to disclose to any third party, by any means, whatsoever, any FLIR Proprietary Data Consultant may have obtained in the performance of services under this Agreement, without the prior written permission of an officer of FLIR. 

		
	c. 
	Any information which is proprietary to Consultant and which is disclosed to FLIR hereunder shall be deemed to have been disclosed as a part of the consideration for this Agreement, and FLIR shall have full right to its use as FLIR deems fit.

		
	d. 
	Any information contained in, and the ownership of all reports and documents developed, acquired or performed by Consultant in connection with this Agreement, shall remain the sole property of FLIR, shall be held in confidence by Consultant, and shall not be reproduced, used or disclosed to others by Consultant.  The obligation of this Paragraph 14.d shall survive any termination hereof.  

		
	e. 
	Except for Paragraph 14.d, Consultant’s obligations with respect to this Paragraph 14 shall remain in effect for a period of seven (7) years from the date of termination of this Agreement. At FLIR’s request, Consultant shall certify in writing the return and/or destruction of all Proprietary Data.

15. CONFLICT OF INTEREST.  During the term of this Agreement and for a period of one (1) year from the date of termination, Consultant agrees to refrain from engaging in activities which are in conflict with FLIR’s interest or derive any benefit from the information disclosed to Consultant as a result of this Agreement.  To the extent such activities are not in conflict with FLIR’s interests, Consultant shall, with the prior written consent of Supervisor, be free to engage in activities on behalf of other entities involved in businesses similar to that of FLIR.

16. NOTICES.  Any notice required or permitted to be given in connection with this Agreement shall be given in writing and shall be delivered either (i) by hand to the Party, or (ii) by certified mail, return receipt requested to the Party at the Party’s address stated herein, or (iii) by facsimile with proof of transmission.  Any Party may change its address stated herein by giving notice of the change in accordance with this Paragraph 16.  For FLIR, notice shall be given as follows:

FLIR Systems, Inc.
Attn:  Anthony Trunzo
27700 SW Parkway Avenue
Wilsonville, OR 97070
Fax:  (503) 498-3711

17. ASSIGNABILITY.   FLIR may assign its rights under this Agreement.  Consultant may not assign, subcontract, or otherwise transfer any right or obligation it has, or may acquire, under this Agreement to any other entity without FLIR’s prior written approval.  Any such assignment, subcontracting or transfers approved shall also be conditioned upon acceptance by the assignee, subcontractor and/or transferee of the terms and conditions hereof.

18. GENERAL RELEASE.  In consideration of the benefits provided in this Agreement, and to achieve certainty relating to the prior employment relationship between the Parties, Consultant releases FLIR, its current and former directors, officers, agents, employees, attorneys, insurers, related corporations, successors 

Page 4 of 4

and assigns, from any and all liability, damages or causes of action, whether known or unknown, whether in tort, contract, equity, or under state or federal statute.  Consultant understands and acknowledges that this release includes, but is not limited to any claim for reinstatement, reemployment, attorney fees or additional compensation in any form, and any claim, including but not limited to those arising under the Rehabilitation Act of 1973, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Post Civil War Civil Rights Act (42 U.S.C. 1981-88), the Genetic Information Nondiscrimination Act, the Age Discrimination in Employment Act, the Older Workers Benefit Protection Act, the Americans with Disabilities Act, the Vietnam Era Veterans Readjustment Assistance Act, the Employee Retirement Income Security Act of 1975 (ERISA), Executive Order 11246, as amended, and the civil rights, employment, and labor laws of any state and any regulation under such authorities relating to Consultant’s employment or association with FLIR or the termination of that employment and association.

The above release does not waive claims (i) for unemployment or workers’ compensation, (ii) for vested rights under ERISA-covered employee benefit plans as applicable on the date Consultant signs this Agreement, (iii) that may arise after Consultant signs this Agreement, (iv) which cannot be released by private agreement or (v) final pay for work performed through June 30, 2014, which will be processed in the ordinary course of payroll.  Nothing in this release generally prevents Consultant from filing a charge or complaint with or from participating in an investigation or proceeding conducted by the EEOC or any other federal, state or local agency charged with the enforcement of any employment laws, although by signing this release Consultant waives the right to individual relief based on claims asserted in such a charge or complaint, except with the NLRB or anywhere else such a waiver is prohibited. Nothing herein shall be intended or deemed, however, as a release or waiver of any express rights Consultant may have had as an employee of the Company under Oregon law, the FLIR Systems, Inc. Articles of Incorporation and By-Laws, or under any applicable insurance policy, to indemnity, advance, reimbursement and/or defense against losses arising from his actions as an employee within the proper course and scope of his employment with the Company.

19.  RELEASE OF RIGHTS UNDER OLDER WORKERS’ BENEFIT PROTECTION ACT. Consultant acknowledges that Consultant is not entitled to the consideration being provided to Consultant under this Agreement unless Consultant enters into this Agreement, including the releases of claims contained in this Agreement.  Consultant acknowledges that Consultant is waiving claims under the Age Discrimination in Employment Act, as amended (ADEA), that arose on or prior to Consultant’s execution of this Agreement.  Consultant also acknowledges that Consultant has been given at least twenty-one (21) days to consider this Agreement, and that Consultant has carefully read and understands all of the provisions of this Agreement. Consultant is hereby advised in writing to consult with an attorney prior to signing this Agreement. Consultant acknowledges that Consultant’s decision to execute this Agreement is knowing and voluntary.  Consultant has the right to revoke this Agreement within seven (7) days of signing this Agreement by sending a letter by certified mail to Paul Zaninovich at 27700 SW Parkway Avenue, Wilsonville, OR 97070 that indicates Consultant’s request to revoke the Agreement. The letter must be received by FLIR on or before the end of the seven-day revocation period. If Consultant signs the Agreement and does not revoke it during the seven-day revocation period, the Agreement (including the waiver of ADEA claims) will become effective on the eighth day after Consultant signs the Agreement (Effective Date). On the other hand, if Consultant does not sign this Agreement, or Consultant signs the Agreement and revokes it during the seven-day period, this Agreement (including the waiver of ADEA claims) shall not become effective.

Please read carefully. Except as otherwise set forth herein, this Agreement generally includes a release of all known and unknown claims and includes those pursuant to the Age Discrimination in Employment Act, as amended, and other laws prohibiting discrimination in employment. Consultant 

Page 5 of 5

and Company acknowledge that he or it has read this Agreement, understands it and is voluntarily entering into it.

Consultant initials:  ___________

20. MEDIATION AND ARBITRATION. In the case of any dispute arising under this Agreement which cannot be settled by reasonable discussion (a “Dispute”), the parties agree that, prior to commencing any proceeding to enforce any rights under this Agreement, they will first engage the services of a professional mediator agreed upon by the parties and attempt in good faith to resolve the dispute through confidential nonbinding mediation.  Each party shall bear one-half (1⁄2) of the mediator's fees and expenses and shall pay all of its own attorneys' fees and expenses related to the mediation.

If any Dispute cannot be resolved by mediation, such Dispute shall be settled by arbitration before a single arbitrator in Portland, Oregon or such other location on which the parties may agree administered by the American Arbitration Association, with any such dispute or controversy arising under this Agreement being so administered in accordance with its Commercial Rules then in effect, and judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof.  The arbitrator shall have the authority to award any remedy or relief that a court of competent jurisdiction could order or grant, including, without limitation, the issuance of an injunction.  Except as necessary in court proceedings to enforce this arbitration provision or an award rendered hereunder, or to obtain interim relief, neither a party nor an arbitrator may disclose the existence, content or results of any arbitration hereunder without the prior written consent of FLIR and Consultant.  Consultant and FLIR acknowledge that this Agreement evidences a transaction involving interstate commerce.  Notwithstanding any choice of law provision included in this Agreement, the United States Federal Arbitration Act shall govern the interpretation and enforcement of this arbitration provision.

21. CHOICE OF LAW.  Any dispute under this Agreement or related to this Agreement shall be decided in accordance with the laws of the State of Oregon, without regard to its choice of laws provisions.

22. ENTIRE AGREEMENT. This is the entire Agreement of the Parties relating to the consulting relationship between the Parties; provided, however, that the provisions of the Separation Agreement and Release entered into by the Parties on or about June 9, 2014, shall remain in full force and effect. This Agreement is not effective until signed by both parties, but may be signed in counterparts.

23. SEVERABILITY.  If any part of this Agreement shall be held unenforceable, the rest of this Agreement will nevertheless remain in full force and effect.

24. AMENDMENTS.  This Agreement may be supplemented, amended or revised only in writing as mutually agreed by the Parties.

IN WITNESS WHEREOF THE PARTIES HAVE EXECUTED THIS AGREEMENT AS OF THE DATE LAST SIGNED BY A PARTY BELOW.
    

Page 6 of 6

	
			
	FLIR SYSTEMS, INC.
	 
	CONSULTANT

	

/s/ Anthony L. Trunzo
	 
	

/s/ William W. Davis

	Signature
	 
	Signature

	

Anthony L. Trunzo
	 
	

William W. Davis

	Printed Name
	 
	Printed Name

	

Sr. Vice President, Finance and CFO
	 
	 

	Title
	 
	Title

	

June 9, 2014
	 
	

June 9, 2014

	Date
	 
	Date

Page 7 of 7

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