EXHIBIT 10.1
EMPLOYMENT SEPARATION AGREEMENT
     This is an agreement between you, Sharon J. Johnston, and us, Fisher
Communications, Inc. (“the Company”). This Agreement is dated for reference
purposes December 20, 2005, which is the date we delivered it to you for your
consideration.

1)   Separation Agreement. Your employment by the Company is terminated
effective close of business December 31, 2005, (the “Separation Date”).

2)   Compensation. You will be paid your regular salary plus all accrued
vacation benefits, less authorized deductions and withholdings, through the
Separation Date.

3)   Separation Payment. In addition to payment for accrued vacation, any earned
bonus, and any other financial obligations of the Company to you not arising
under this Agreement, including the Supplemental Employee Retirement Plan at the
time of entitlement, the Company will provide you a lump sum separation payment
equal to twelve (12) months’ base salary ($135,000); any legally required
withholding or deductions will be subtracted. To be eligible for this payment,
you must satisfy your obligations under this Agreement and continue to perform
your duties in a satisfactory manner until your Separation Date. You understand
and agree that this separation pay, to which you would not otherwise be
entitled, is provided as consideration, and in exchange for, your agreement to
the release and other terms of this Agreement.

4)   Termination. Your employment is terminated effective December 31, 2005, in
connection with a reorganization and elimination of your position. You have
resigned or will resign as an officer of the Company, and any official or
unofficial committees or bodies of the Company and its subsidiaries, effective
December 31, 2005.

5)   Employee Benefit Plans. You and any participating family members will be
eligible to continue participation in our group medical, dental and vision plans
pursuant to COBRA for up to eighteen (18) months (or longer if applicable under
the COBRA regulations) following your separation. The Company will pay your
COBRA premiums for eighteen (18) months, plus will provide you the amount
necessary to purchase comparable insurance for the eighteen (18) months
thereafter. Your rights under other employee benefit plans in which you may have
participated will be determined in accordance with the written plan documents
governing those plans. Notwithstanding that you may be retained in the future
for part-time employment or consulting services, you acknowledge and agree that
your employment with the Company will terminate on the Separation Date for the
purpose of Section 13(a) of the Amended and Restated Fisher Companies Incentive
Plan of 1995 and Section 13(a) of the Fisher Communications Incentive Plan of
2001, and that you may exercise your vested stock options at any time prior to
the expiration date of the option or the expiration of three (3) months after
the Separation Date, whichever is the shorter period.

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6)   References. Upon your request, the Company will provide a mutually
acceptable letter of reference to future potential employers. Requests for such
letter should be directed to the Company’s President and CEO or her designee.

7)   Release. In consideration of the promises contained in this Agreement, the
parties agree:

  a.   On behalf of yourself and anyone claiming through you or who otherwise
can be legally bound by you in this Release, you irrevocably and unconditionally
release, acquit and forever discharge the Company and/or its subsidiaries,
affiliates, divisions, predecessors, successors and assigns, as well as their
past and present officers, directors, employees, shareholders, trustees, joint
venturers, partners, agents, and anyone else against whom you could assert the
claims released herein, in their individual and/or corporate capacities
(hereinafter collectively “Releasees”), from any and all claims, liabilities,
promises, actions, damages and the like, known or unknown, which you ever had
against any of the Releasees arising out of or relating to your employment with
the Company and/or the termination of your employment with the Company. Such
claims include, but are not limited to:  (1) employment discrimination
(including claims of sex discrimination and/or sexual harassment) and
retaliation under local, state or federal law, including claims under RCW ch.
49.50; the Americans with Disabilities Act; Title VII of the Civil Rights Act of
1964 (42 U.S.C.A. 2000e et seq.) or under 42 U.S.C.A. section 1981 or section
1983; and age discrimination under the Age Discrimination in Employment Act (29
U.S.C.A. sections 621 et seq.) (except you do not waive rights or claims under
the federal Age Discrimination in Employment Act that may arise after the date
this waiver is executed); (2) disputed wages and benefits; (3) wrongful
discharge and/or breach of any alleged employment contract; and (4) claims based
on any tort, such as invasion of privacy, defamation, fraud and infliction of
emotional distress. Excluded from this release are claims under ERISA and any
benefit plans that may arise after the Separation Date, and any claims arising
out of or relating to this Agreement.     b.   The Releasees and anyone who can
be legally bound by Releasees to this Release, irrevocably and unconditionally
release, acquit and forever discharge you from any and all claims, liabilities,
promises, actions, damages and the like, known or unknown, which they ever had
against you arising during and out of or relating to your employment with the
Company. Excluded are claims arising under this Agreement.     c.   That neither
party shall bring any legal action against the other for any claim waived and
released under this Agreement and that the parties represent and warrant that no
such claims have been filed to date. The parties further agree that should they
bring any type of administrative or legal action arising out of claims waived
under this Agreement, the prevailing party with respect to such claim will bear
all legal fees and costs, including those of the other party.

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  d.   Without limiting the release set forth in subparagraphs a., b. and c.
above, the matters expressly waived and released herein are not limited to
matters which are known or disclosed, and the parties hereby waive any and all
rights and benefits which they now have, or in the future may have, conferred
upon them, by virtue of the provisions of any Washington statute, the effect of
which would be to prevent a general release, such as contemplated by this
Agreement, from extending to claims which they do not know or suspect to exist
in their favor at the time of executing this Agreement, which if known by them
must have materially affected their decision to execute the release. They
realize and acknowledge that the factual matters now unknown to them may have
given or may hereafter give rise to causes of action, claims, demands, debts,
controversies, damages, costs, losses and expenses which are presently unknown,
unanticipated and unsuspected, and they further agree that this Agreement has
been negotiated and agreed upon in light of that realization and that they
nevertheless hereby intend to release, discharge and acquit each other from any
such unknown causes of action, claims, demands, debts, controversies, damages,
costs, losses and expenses which in any way arise by virtue of the prior acts or
omissions of such parties.

8)   Return of Property. You represent and agree that you have returned or will
return all keys, credit cards, documents, equipment and other material that
belong to the Company on or before signing this Agreement.

9)   Confidentiality. You understand and acknowledge that, in order to properly
perform your duties the Company has entrusted you with certain Proprietary
Information that is the result of great effort and expense on the part of the
Company, that this Propriety Information is critical to the success of the
Company and that the disclosure or use of this Proprietary Information would
cause the Company irreparable harm, and that you, in entering into this
Agreement, are fully aware of the Company’s need to protect this Proprietary
Information. You therefore agree not to reveal Proprietary Information or trade
secrets to any person, firm, corporation, or entity unless required to do so by
a valid subpoena or unless being required to maintain such confidentiality would
be in violation of the law. For the purposes of this Agreement, “Proprietary
Information” shall be defined as information, whether disclosed orally or in
writing, of any nature in any form, including without limitation all writings,
memoranda, copies, reports, papers, surveys, analyses, drawings, letters,
computer printouts, computer programs, computer applications, specifications,
customer data, trade secrets, business methods, business processes, business
techniques, business plans, data, graphs, charts, sound recordings and/or
pictorial reproductions and other information that is not generally and publicly
known, whether in oral, audio, visual, written or other form. Should you reveal
or threaten to reveal this information, the Company shall be entitled to an
injunction restraining you from disclosing same, or from rendering any services
to any entity to whom said information has been, or is threatened to be,
disclosed. The right to secure an injunction is not exclusive, and the Company
may pursue any other remedies it has against you for a breach or threatened
breach of this promise, including the recovery of damages from you. This promise
is intended to and will apply in the broadest sense

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    possible to information regarding Company’s business activities, plans,
audience and clients and is not intended to be limited solely to matters which
might meet the legal definition of “trade secrets” under Washington law. You
further agree to keep the terms of this Agreement confidential. You agree that
except as otherwise required by law, you will not disclose to any third party
any of the terms of this Agreement, except your spouse, legal counsel,
accountants and tax advisors, all of whom shall be bound by this confidentiality
provision. You represent and warrant that you have not already acted
inconsistently with the terms of this section. You acknowledge and agree that
the Company may disclose this Agreement and/or describe the terms hereof when
there is a business justification for doing so, including in its filings with
the Securities and Exchange Commission at any time after the date hereof.

10)   Cooperation. You agree to meet with the individual who will be serving as
the Company’s President and CEO and/or her designee at such time or times as may
be reasonably requested to discuss transition issues. You agree to cooperate
fully to effectuate a smooth and efficient transition. You also agree to make
yourself reasonably available for a period of six (6) months from the Separation
Date to consult by telephone on an as-needed basis regarding transitional
matters; provided, however, that such consultation shall not require you to
expend an unreasonable amount of time.

11)   Nonsolicitation/No Hires/Nondisruption. As an inducement for, and as
additional consideration to, the Company to enter into this Agreement, you agree
that for a period of six (6) months after the Separation Date:

  a.   Nonsolicitation of Employees and Consultants. You will not directly or
indirectly solicit, influence, entice or encourage any person who is then or who
at any time in the twelve (12) month period prior to this Agreement had been an
employee of or consultant to the Company to cease or curtail his or her
relationship with the Company.     b.   No-Hire. You agree that you will not
directly or indirectly hire or attempt to hire, whether as an employee,
consultant or otherwise, any person who is then or who at any time in the twelve
(12) month period prior to this Agreement had been employed by the Company.    
c.   Nondisruption, Other Matters. You agree that you will not directly or
indirectly interfere with, disrupt or attempt to disrupt any past, present or
prospective relationship, contractual or otherwise, between the Company, or any
of its affiliates, on the one hand, and any of their respective customers,
suppliers, employees or business relation of the Company, on the other hand.

12)   Nondisparagement. You agree that you will not disparage, criticize or
otherwise malign the reputation of the Company, its parents or affiliates or any
of their officers, directors or employees.

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13)   Consideration and Revocation Periods. You acknowledge that you have been
advised to consult legal counsel. You have up to forty-five (45) calendar days
to consider this Agreement; you may use as much or as little of that time as you
wish. The 45 days start to run when you receive this document (or the
information described in Section 18, if that is later). You also have seven
(7) calendar days following your execution of this Agreement to revoke it. You
must make any such revocation in writing to the General Counsel. This Agreement
shall not become effective or enforceable until the revocation period has
expired.

14)   Resolution of Claims. The parties shall attempt to resolve through
good-faith negotiation any controversy or claim arising out of, or relating to
this Agreement, or a breach thereof, including without limitation, any claim as
to which the applicability or enforceability of the Release in section 7 above
is disputed by you or that the parties agree is not subject to the Release.
(This includes, without limitation, any claims under Title VII of the Civil
Right Act of 1964, as amended, wrongful discharge, defamation, state
anti-discrimination statutes, the Americans with Disabilities Act, wage-and-hour
claims, and any claim arising out of any other federal or state statute or
common law.) If negotiation is unsuccessful, the parties agree to try in good
faith to settle the dispute by mediation administered by the American
Arbitration Association under its Employment Mediation Rules. If mediation is
unsuccessful, the dispute shall be settled by final and binding arbitration in
Seattle before a single arbitrator selected by the parties in accordance with
the National Rules for the Resolution of Employment Disputes of the American
Arbitration Association. The only disputes not covered by this Agreement shall
be worker’s compensation claims, claims for unemployment compensation, and
claims for injunctive relief and/or equitable relief brought by either party
pursuant to paragraphs 9, 11 and 12 above. The parties agree to abide by and
perform in accordance with any award rendered by the arbitrator, and that
judgment upon the award rendered may be entered by the prevailing party in any
court having jurisdiction thereof. The arbitrator’s fees and costs of
arbitration shall be borne equally by the parties, and each party shall be
responsible for its own legal fees and costs.

15)   Applicable Law. The laws of the state of Washington will govern the
validity and execution of this Agreement and the disposition of any claims
related to this Agreement.

16)   Assignment. Your rights hereunder shall not be assigned or transferred
without the Company’s prior written consent. Any assignment without the
Company’s prior written consent shall be null and void. The Company’s rights and
obligations under this Agreement will inure to the benefit and be binding upon
the Company’s successors and assignees.

17)   Complete Agreement. This Agreement is the final and complete expression of
all agreements between us on all subjects, and supersede any and all prior oral
or written agreements or understandings between you and the Company concerning
the subject matter of this Agreement. You acknowledge that you have had adequate
time to review and consider this Agreement and consult with counsel. You
acknowledge you are not signing this Agreement relying on anything not set out
here.

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18)   Names, Job Titles and Ages of Individuals Selected for Job Elimination
Severance and Other Officers. This information is either attached as an exhibit
hereto or will be provided to you separately.

                  AGREED BY Fisher Communications, Inc.:       AGREED BY Sharon
J. Johnston:    
 
               
By
  /s/ Colleen B. Brown       /s/ Sharon J. Johnston    
 
 
 
Its President and CEO      
 
   

     
Date:   January 3, 2006
  Date:   January 4, 2006

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