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                                            Exhibit 4.1
DESCRIPTION OF THE REGISTRANT’S SECURITIES
REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES
EXCHANGE ACT OF 1934

FLIR Systems, Inc. (“we,” “our,” or the “Company”) has one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended: our common stock, $0.01 par value per share (the “Common Stock”).

DESCRIPTION OF COMMON STOCK

The general terms and provisions of our Common Stock are summarized below. This summary does not purport to be complete and is subject to, and is qualified in its entirety by express reference to, our Certificate of Incorporation and our Bylaws, and the applicable provisions of the General Corporation Law of the State of Delaware (the “DGCL”). We encourage you to read our Certificate of Incorporation and Bylaws, which are filed as exhibits incorporated by reference to the Annual Report on Form 10-K of which this Exhibit 4.1 is filed as part, and the applicable provisions of the DGCL for additional information.

Authorized Shares

Under our Certificate of Incorporation, we have the authority to issue 500,000,000 shares of Common Stock.

Voting Rights

Each holder of shares of our Common Stock is entitled to one vote for each share owned of record on all matters submitted to a vote of stockholders. Except as noted below and in the Certificate of Incorporation, or as otherwise required by the DGCL, the vote of stockholders required to decide any question brought before a stockholder meeting at which a quorum is present is a majority of the outstanding shares present in person or represented by proxy at that meeting and entitled to vote on the question subject to the stockholder vote. In a contested election of directors, which is an election in which there are more nominees for election than board positions to be filled, directors are elected by the vote of a plurality of the outstanding shares present in person or represented by proxy at that meeting and entitled to vote on the election of directors. Our stockholders do not have cumulative voting rights as to the election of directors.

Dividend Rights

Subject to the preferential rights of any holders of any series of our preferred stock that may be issued in the future, the holders of the Common Stock are entitled to such dividends and distributions, whether payable in cash or otherwise, as may be declared from time to time by our board of directors from legally available funds.

Liquidation Rights

Subject to the preferential rights of holders of any series of our preferred stock that may be issued in the future, upon our liquidation, dissolution or winding-up and after payment of all prior claims against our assets and our outstanding obligations, the holders of the Common Stock will be entitled to receive, pro rata, all our remaining assets.

Fully Paid and Non-Assessable Shares; No Liability for Corporate Obligations

All issued and outstanding shares of our Common Stock are fully paid and nonassessable, which means the holders of the outstanding shares of the Common Stock may not be required to contribute additional amounts of capital or pay additional amounts with respect to such shares of the Common Stock to the Company or be liable for any obligations or liabilities of the Company that the Company may fail to discharge. A share of the Common Stock is fully paid and nonassessable if such share has been issued for consideration legally permissible under the DGCL and having a value at least equal to the par value of such share of the Common Stock.  
 

Preemptive, Conversion, Redemption or Similar Rights

The holders of shares of the Common Stock are not entitled to any preemptive or other similar rights to subscribe for or acquire additional shares of the Common Stock or other of our securities.  The shares of the Common Stock are not subject to conversion or redemption by the Company, and the holders of shares of the Common Stock do not have any right or option to convert such shares into any other security or property of the Company or to cause the Company to redeem such shares of the Common Stock. There are no sinking fund provisions applicable to the Common Stock.

Certain Anti-Takeover Effects

Certain provisions of the DGCL and our Certificate of Incorporation and Bylaws could have certain anti-takeover effects and may delay, deter or prevent a tender offer or takeover attempt that a stockholder might consider to be in its best interests, as discussed below:

Authorized but Unissued Shares. Subject to the requirements of The NASDAQ Stock Market LLC and other applicable law, our authorized but unissued shares of Common Stock may be available for future issuance without stockholder approval. We may use these additional shares for a variety of corporate purposes, including future public offerings to raise additional capital, corporate acquisitions and employee benefit plans. The existence of authorized but unissued shares of Common Stock could render more difficult or discourage an attempt to obtain control of us by means of a tender offer, takeover attempt or otherwise.

Undesignated Preferred Stock. Our Certificate of Incorporation provides that our board of directors may issue up to 10,000,000 shares of preferred stock and fix the designations, powers, preferences and rights related to that preferred stock. Preferred stock could be issued by our board of directors to increase the number of outstanding shares, making a takeover more difficult and expensive.

Advance Notice Requirements. Our Bylaws establish an advance notice procedure for stockholders seeking to nominate candidates for election to the board of directors or for proposing matters which can be acted upon at stockholders’ meetings.

Special Meetings of Stockholders. Our Bylaws provide that special meetings of stockholders may be called by our board of directors, the executive committee (if any) of the board, and by the secretary if the Company upon the written request of stockholders who represent at least 25% of the voting power of the outstanding shares of stock and who comply with requirements of the Bylaws.

Stockholder Action by Written Consent. Under the DGCL, unless a corporation’s certificate of incorporation provides otherwise, any action to be taken at a meeting of the stockholders may be taken without a meeting if the holders of outstanding stock having at least the minimum number of votes that would be necessary to authorize or take such action at a meeting consent to the action in writing. Our Certificate of Incorporation and Bylaws provide that any action required or permitted by law to be taken at a stockholders meeting may be taken without a meeting only if the action is taken by written consent by all the stockholders entitled to vote on the action.

Proxy Access. Our Bylaws contain provisions which provide that a stockholder, or group of up to 20 stockholders, that has owned continuously for at least three years shares of Common Stock representing an aggregate of at least 3% of the Company’s outstanding shares of Common Stock, may nominate and include in the Company’s proxy materials director nominees constituting up to 25% of the Board, provided that the eligible stockholder(s) and nominee(s) satisfy other applicable requirements of the Bylaws.

No Cumulative Voting or Classified Board. Our Certificate of Incorporation and Bylaws do not provide for cumulative voting on the election of directors, and we currently do not have a classified board of directors.
 

Interested Stockholder Transactions. The DGCL, in specified circumstances, prohibits a person who is an “interested stockholder” (defined generally as a person who owns 15% or more of a corporation’s outstanding voting stock) of a corporation listed on a National Securities Exchange from engaging in a “business combination” (defined to include, among other things, a merger, consolidation, or other transaction, including a sale, lease, or other disposition of assets with an aggregate market value equal to 10% or more of the aggregate market value of the corporation) with the corporation for a three-year period following the time the stockholder became an “interested stockholder,” unless certain requirements are met. A corporation may opt out of these restrictions in its certificate of incorporation.  Our Certificate of Incorporation does not out of these restrictions.

Listing

Our Common Stock is traded on the NASDAQ Global Select Market under the trading symbol “FLIR.”

Transfer Agent

Our transfer agent and registrar is Computershare.Document

                                            Exhibit 10.15
February 28, 2020 

Paula M. Cooney 

Dear Paula,

On behalf of FLIR Systems, Inc. (“FLIR” or the “Company”), it is a pleasure to offer you the position of Senior Vice President, Chief Human Resources Officer reporting to the Chief Executive Officer, Jim Cannon. In this position, you will be classified as an exempt employee. This offer consists of:

Salary: A starting bi-weekly base salary of $15,769.23 based on a full-time schedule. This amount is equivalent to an annualized base salary of $410,000.00.

Auto Allowance: You will receive a bi-weekly 692.31 auto allowance($1,500/monthly)

Signing Bonus: You will receive a one-time signing bonus of $200,000.00 payable within one month of your start date with FLIR. In the event that you voluntarily terminate your employment before completing one year of service with the Company or if you do not move to the Arlington area within 12 months, you agree to repay your signing bonus in full.

Annual Incentive Bonus: You are eligible to participate in FLIR’s annual company-wide bonus program starting on your hire date and pro-rated for fiscal year 2020. Your bonus target is 60% of your base salary. This discretionary program is based on FLIR’s performance and your individual contribution to that performance. Termination of employment from the Company either on a voluntary or involuntary basis prior to bonus payment nullifies participation in this discretionary bonus program with the
exceptions of termination following a “Change of Control”, or termination without “Cause” or for “Good Reason” as defined in the policies as approved by the Compensation Committee of the Board.

Equity: Subject to approval by the Compensation Committee of FLIR’s Board of Directors, you will receive an equity award with an estimated value on the date of grant of $450,000. On the date of grant, the estimated grant value will be converted into $450,000 estimated value in shares of FLIR restricted stock units (RSUs) which will be governed by the terms of a grant agreement and FLIR’s 2011 Stock Incentive Plan. Your share grant will be made as of the first day of employment and priced as of close of market that day (i.e., April 6). Your RSU grant will vest 1/3 on the anniversary of the date of grant, 1/3 on the second anniversary of the date of grant and the last 1/3 on the third anniversary of the date of grant, subject to your continued employment through the vesting date.

Your position also qualifies you for participation in our annual LTIP program with a target value of
$675,000 (164.63% of your base salary) subject to approval by the Compensation Committee. Your first participation in this program will be in 2020.

Relocation: In addition to the standard benefits provided to you as part of our Executive U.S. Domestic Mobility package on your first home (separately provided), FLIR will provide assistance for the selling and movement of goods from a second home through our relocation partner (Weichert). Moving an employee requires a substantial investment by FLIR; if you voluntarily cancel your move, resign within two years of your effective hire date, or are terminated for “For Cause” (as defined in the Executive Severance Benefit Plan), all relocation payments will cease and you will be required to repay a prorated amount of all expenses incurred by FLIR for your relocation.

Change & Non-Change of Control Separation: You are invited to sign the attached participation agreement in the companies policies that govern the benefits you will receive if your employment is involuntarily terminated without “Cause” or for “Good Reason” or in connection with a “Change in Control” (as defined in the approved policies attached). For details regarding these benefits, please see the policies attached.

Benefits: FLIR provides a comprehensive healthcare package, a 401(k) plan, an educational assistance program, life & disability insurance and many other benefits. Your life & disability insurance benefits will be effective on your first day of employment and your health benefits will become effective the first day of the month following your date of hire.

You will also receive company paid life insurance which at this time is three times your annual base salary (up to a maximum of $1,300,000). This amount is subject to change from time to time as benefits are renewed annually.

You will receive more information about the FLIR benefits program upon your arrival.

FLIR has an Automatic Enrollment feature as part of our 401(k) Savings Plan. This means that upon completion of your 60th day as a FLIR employee, FLIR will automatically begin deducting 5% from your paychecks and deposit those funds into a Fidelity 401(k) Account in your name. If you do not wish to participate in the Plan or want to increase or decrease your deduction percentage, you will need to contact Fidelity directly before your 60th day with FLIR. Fidelity contact information will be provided to you at your Benefits Orientation within one week of your start date.

Employment at will: Please recognize that this offer letter is not a contract of employment for any specific or minimum term and that the employment FLIR offers you is terminable at will. This means that our employment relationship is voluntary and based on mutual consent. You may resign your employment, and FLIR likewise may terminate your employment, at any time, for any reason, with or without cause or notice. Any prior oral or written representations to the contrary are void, and our at- will relationship may not be modified except by a formal written employment contract signed by the Company’s CEO or the applicable policies as determined by the Compensation Committee.

This employment offer is also contingent upon your successful completion of the following:

A pre-employment background screening: A screening will be conducted by FRASCO which researches your background information at our request. Our objective is to complete this process quickly. If you haven't already, you will receive an email with instructions to log-on and enter your information into a secure website database. If you are contacted for additional information during the verification process, please return calls or emails promptly.

A pre-employment drug test: The drug test must be completed within 1 week of accepting this offer. Failure to pass or refusal to take a drug test will result in the withdrawal of our employment offer. You will receive an email from HireRight with instructions on completing this process.

I-9 and confirmation of employment eligibility: In compliance with the Immigration Reform and Control Act of 1986, FLIR is required to verify the identity and work authorization of each employee hired to work in the United States. To aid you in complying with this requirement, we have enclosed a list of the legally acceptable documents you can select from to establish your identity and work authorization.
Please bring the appropriate documents with you on your first day of employment. Please be aware that FLIR Systems, Inc. also participates in the United States Department of Homeland Security’s E-Verify program. Under this program, FLIR will provide the Social Security Administration and, if necessary, the Department of Homeland Security, information from each new employee’s form I-9 to confirm work authorization.

Signing the FLIR Confidentiality and Proprietary Rights Agreement: Among other things, the agreement requires nondisclosure of Company confidential information and documents the ownership of prior inventions. FLIR requires that all employees sign this document prior to commencement of employment. Once accepted, we will send it to you to sign and return on or before your first day of employment.

Completing the enclosed U.S. Person Verification Form: FLIR requires that all employees complete this document prior to commencement of employment. Please complete the form, attach the required backup, scan and email to verification@flir.com at your earliest opportunity.

You may confirm your acceptance of this offer by signing this letter where indicated and returning it to me. Your response is appreciated no later than March 12, 2020. If you have any question or concerns with this offer, please don’t hesitate to call me at +1 703.340.5412. Your start date is anticipated to be April 6, 2020.

Congratulations, Paula. Our talks with you have left us excited about the prospects of you becoming a member of the FLIR team. We believe that we will offer you a challenging opportunity and know that you will be committed to contributing to the continued success of FLIR.

Once again, we are pleased to welcome you aboard and look forward to seeing you on your first day. 

Sincerely,

/s/ Sonia Galindo
Sonia Galindo
SVP, General Counsel, Secretary and Chief Ethics and Compliance Officer

I accept FLIR’s offer of employment under the terms outlined in this letter.
                                                             
									
	/s/ Paula M. Cooney  		March 10, 2020
	Paula M. Cooney		Date

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