Exhibit 10.1



 











EMPLOYMENT SEPARATION AGREEMENT




          This is an agreement between you, Laura Boyd, and us, Fisher Communications, Inc. (“the
Company”). This Agreement is dated for reference purposes December 2, 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 in the amount of $10,528.44
paid on January 5, 2006, a lump sum payment of $15,000 for successful completion of personal
goals for the 2005 Fisher Communications, Inc. Management Incentive Plan (STI), subject to
Compensation Committee approval on or before March 15, 2006, and $1,417.43 as reimbursement
for miscellaneous business expenses payable on or before January 31, 2006, the Company will
provide you separation pay equal to six (6) months’ base salary ($75,000); any legally
required withholding or deductions will be subtracted. Payment of the separation pay will be
made to you in a lump sum within fourteen (14) days of when this Agreement is effective under
Section 14 below. 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 premium in the amount of $760.69 per month for
six (6) months or until you are eligible for coverage under any other group health coverage
(as an employee or otherwise), whichever happens first. You will be required to make timely
payment of any portion of premiums for which you are responsible. Failure to submit timely
payment of premiums will result in cancellation of COBRA coverage. 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.










1









 












	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.




2









 






	 	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




3









 






	 	 	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.




4









 












	13)	 	Outplacement. The Company shall provide you with reasonable outplacement services through a
vendor of your choice, subject to a maximum expense to the Company of $5,000, or at your
option pay you $2,500 (gross) as additional severance pay, to be included in your first
severance payment check.
	 
	14)	 	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 19, 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.
	 
	15)	 	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 9 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.
	 
	16)	 	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.
	 
	17)	 	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.










5









 












	18)	 	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.
	 
	19)	 	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 Laura Boyd:	 	 
	 
	 	 	 	 	 	 	 	 
	By

	 	/s/ Colleen B. Brown
	 	 	 	/s/ Laura J. Boyd	 	 
	 

	 	 

Its President & CEO
	 	 
	 	 

	 	 
	 
	 	 	 	 	 	 	 	 
	Date: 1/12/2006	 	 	 	Date: 1/13/2006	 	 







6