FLIR SYSTEMS INC
FORM OF  DEFERRED STOCK AGREEMENT
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<DESCRIPTION>FORM OF  DEFERRED STOCK AGREEMENT
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<IMG SRC="g63744img001.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 10.2 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>DEFERRED STOCK AWARD AGREEMENT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>For Grantees Located Inside the United States </B></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Awarded to:</B> [<I>participant name</I>] </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Award Date:</B> [<I>grant
date</I>] </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Number of Shares:</B> [<I>shares</I>] </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">This
Deferred Stock Award Agreement (&#147;Award&#148;) is made between FLIR Systems, Inc., an Oregon corporation (&#147;the Company&#148;) and you, an Employee or Consultant of the Company or one of its Subsidiaries (&#147;Grantee&#148;). </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Company sponsors the 2002 Stock Incentive Plan (the &#147;Plan&#148;). The Plan governs the terms of this Award and controls in the event of any ambiguity. A copy of the
Plan as amended can be found on the Company intranet or may be obtained by contacting the Company&#146;s Human Resources Department. The terms and provisions of the Plan are incorporated herein by reference. By signing this Award, you acknowledge
that you have obtained and reviewed a copy of the Plan. When used herein, the terms that are defined in the Plan shall have the meanings given to them in the Plan, including the term &#147;Administrator,&#148; which means the Compensation Committee
of the Company&#146;s Board of Directors. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">This Award entitles Grantee to receive the above-stated number of shares (&#147;Shares&#148;) of the
Company&#146;s Common Stock under the Plan. This Award is subject to the Plan and the terms and conditions set forth below. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Your failure to execute this
Agreement by December&nbsp;31, 2007 may result in its cancellation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">In recognition of the value of your contribution to the Company, you and the Company
mutually covenant and agree as follows: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">1. <U>No Rights as Shareholder Prior to Issuance and Delivery of Shares</U>. Grantee shall not be
deemed for any purpose to be a shareholder of the Company as to any shares subject to this Award until the Shares have been issued and delivered to Grantee in accordance with the Plan and this Award. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2. <U>Vesting</U>. The Shares subject to this Award shall vest as follows: one-third on the first anniversary of the Award Date, one-third on the second
anniversary of the Award Date, and one-third on the third anniversary of the Award Date. Once the Shares vest, the Company shall issue and deliver a stock certificate for a corresponding number of Shares to Grantee. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">3. <U>Rights of Grantee with Respect to Shares Delivered</U>. Grantee shall enjoy all shareholder rights with respect to Shares that have been issued and
delivered and such Shares shall no longer be subject to the terms of the Plan or this Award. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4. <U>Termination of Service</U>. In the
event that Grantee&#146;s employment and consultancy with the Company and its Subsidiaries terminates for any reason (including retirement, death, or disability), this Award shall immediately expire and no additional Shares shall be issued and
delivered to Grantee pursuant to this Award. The date of termination of Grantee&#146;s employment or consultancy for purposes of the Plan shall be determined by the Administrator, which determination shall be final. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<IMG SRC="g63744img001.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5. <U>Nontransferability of this Award</U>. This Award may not be sold, transferred, assigned, pledged, or
encumbered and any such attempted action shall be void. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">6. <U>Withholding Taxes</U>. The vesting and issuance of shares to Grantee is a
taxable event for which the Company is obligated to withhold taxes. Grantee agrees to pay to the Company an amount sufficient to provide for any federal, state, and local withholding taxes, including FICA taxes, in connection with the issuance and
delivery of any Shares by the Company to Grantee. Grantee may satisfy this withholding obligation by electing in writing (i)&nbsp;to transfer from Grantee&#146;s Fidelity cash account an amount sufficient to satisfy the withholding obligation, or
(ii)&nbsp;have Company withhold from the Shares otherwise to be delivered to Grantee that number of Shares that would satisfy the withholding obligation. In the absence of a timely election by Grantee, the Administrator will use option (ii).
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">If the Administrator withholds Shares to satisfy the withholding obligation, the following rules apply: </FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(a) The value of the Shares withheld or transferred must equal (or exceed by at most a fractional Share) the withholding obligation. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(b) The value of the Shares withheld or transferred shall be the Fair Market Value determined as of the vesting date. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(c) The election is subject to the consent or disapproval of the Administrator. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">7. <U>Exclusion of Shares from Compensation</U>. Shares issued and delivered to Grantee pursuant to the Plan will not constitute compensation to Grantee
for purposes of any retirement, life insurance or other employee benefit plan of the Company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">8. <U>Termination of Award</U>. This Award
shall terminate when no further shares may be delivered to Grantee pursuant to this Award. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">9. <U>Governing Law</U>. This Award is governed
by, and subject to, the laws of the State of Oregon, as provided in the Plan. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">For purposes of litigating any dispute that arises under
this Award or the Agreement, the parties hereby submit to and consent to the jurisdiction of the State of Oregon, and agree that such litigation shall be conducted in the appropriate state or federal courts of Oregon. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">10. <U>Electronic Delivery</U>. The Company may, in its sole discretion, decide to deliver any documents related to the Award or to participation in the
Plan or to future Awards that may be granted under the Plan by electronic means or to request Grantee&#146;s consent to participate in the Plan by electronic means. Grantee hereby consents to receive such documents by electronic delivery and, if
requested, to agree to participate in the Plan through an on-line or electronic system established and maintained by the Company or another third party designated by the Company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
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<IMG SRC="g63744img001.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">11. <U>Severability</U>. The provisions of this Agreement are severable and if any one or more provisions are
determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>FLIR SYSTEMS, INC.</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>GRANTEE</B></FONT></TD></TR>
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