EMPLOYMENT AGREEMENT

This Employment Agreement (the "***Agreement*"), is entered into as of October 2, 2000(the "***Commencement Date*"), by MarketWatch.com, Inc. (the "***Company*") and WilliamBishop (the "***Executive*").
1.	**Term of Employment**: The term of employment of Executive by the Company hereundershall commence on the Commencement Date and shall continue thereafter on the same terms and conditions for a period of three yearsunless earlier terminated pursuant to Sections 6 or 7 (such term being hereinafter referred to as the "***EmploymentPeriod*").  The Employment Period shall be extended automatically without further action by either party as of the thirdanniversary of the Commencement Date for a period of one year, unless prior to such date the Company or the Executive shall notifythe other in writing of its or his intention not to renew the Agreement, in which case the Agreement shall terminate at the end ofthe original term.  If the Employment Period is extended, it shall thereafter be referred to as the Employment Period.
2.	**Title; Duties**:  The Executive shall serve as Executive Vice President, BusinessDevelopment of the Company.  Executive shall perform those duties and responsibilities inherent in such position includingresponsibilities as the Chief Executive Officer shall assign.  The Executive agrees to devote his full time and best efforts,attention and energies to the business and interests of the Company.  Executive shall serve the Company faithfully and to the best ofhis ability in such capacities, devoting his full business time, attention, knowledge, energy and skills to such employment;provided, however, the Company acknowledges that Executive may serve on the board(s) of directors or board(s) of advisors of othercompanies with the prior approval of the Company's Board of Directors (the "Board"), which approval shall not beunreasonably withheld.  In addition, this paragraph shall not be interpreted to prohibit Executive from acquiring or holding publiclytraded equity securities of an entity so long as such securities constitute no more than 5% of the outstanding equity securities ofsuch entity.  Executive shall travel as reasonably required in connection with the performance of his duties hereunder. 

3.	**Compensation**:  The Company shall pay and Executive shall accept as full consideration for hisservices hereunder, compensation consisting of the following:
**Base Salary
.  $170,500 per year base salary during the first year of the term of this Agreement andsubject to increase by the Board during successive years of the term of this Agreement.  "Base Salary" shall mean the basesalary provided for in this Section 3.1.  Base Salary is payable in installments in accordance with the Company's normal payrollpractices, less such deductions or withholdings as are required by law. 

**Bonus
.  Annual target bonus at the rate and in accordance with the specifications on 
Exhibit A
attached hereto.

4.	**Benefits**:  Subject to all applicable eligibility requirements, and legallimitations, Executive will be able to participate in any and all 401(k), vacation, medical, dental, life and long-term disabilityinsurance and/or other benefit plans which from time to time may be established for other employees of the Company.

5.	**Reimbursement of Expenses**:  The Company will reimburse Executive for all reasonable travel,entertainment and other expenses incurred or paid by the Executive in connection with, or related to, the performance of his duties,responsibilities or services under this Agreement subject to review by the Board or its compensation committee, ifapplicable.

Benefit Upon Termination of Employment Period
.

6.1	**Disability**.  In the event of the permanent disability (as hereinafter defined) of Executive duringthe Employment Period, the Company shall have the right, upon written notice to Executive, to terminate Executive's employmenthereunder, effective upon the 30th calendar day following the giving of such notice (or such later day as shall bespecified in such notice).  Upon the effectiveness of such termination, (i) the Company shall have no further obligationshereunder, except to pay and provide, subject to applicable withholding, (A) all amounts of Base Salary accrued, but unpaid, atthe effective date of termination, (B) the pro-rata portion of Executive's target bonus for the current year and any amounts oftarget bonus owed for the previous year(s), and (C) all reasonable unreimbursed business-related expenses,. (ii) Executive's stock options shall immediately vest and become exercisable to the extent of one additional year of vesting and shallremain exercisable for the periods specified in the stock option. and (iii) Executive shall have no further obligationshereunder other than those provided for in Sections 9 and 10 hereof.    All amounts payable to Executive pursuant to  thisSection 6.1 shall be payable within 30 days following the effectiveness of the termination of Executive's employment or as soonas calculable.  For purposes of this Agreement, "***permanent disability*" shall be defined as any physical ormental disability or incapacitywhich that renders Executive incapablein any material respect of performing essential functions of hisposition the services required of him in accordance with his obligations under Section 2 for a period of 180 consecutive days,or for 180 days in any 360-day period.
6.2	**Death**.  In the event of the death of Executive during the Employment Period, this Agreement shallautomatically terminate and the Company shall have no further obligations hereunder, except to pay and provide to Executive'sbeneficiary or other legal representative, subject to applicable withholding, (iA) all amounts of Base Salary and bonus accruedbut unpaid, at the date of death, and (iiB) all reasonable unreimbursed business-related expenses.  All amounts payable toExecutive pursuant to this Section 6.2 shall be payable within 30 days following the date of death.

6.3	**Termination Without Cause**.  In the event of the termination of Executive's employment by the Companywithout Cause (as defined below) or upon the Executive's voluntary termination of his employment for Good Reason (as defined below),(iA) all amounts of Base Salary and bonus accrued but unpaid on the date of termination shall be paid by the Company on the dateof termination. (B) any accrued but unpaid bonus amounts shall be paid within 30 days following the date of termination or as soonthereafter as the amounts may be calculated, (iiC) an amount equal to Executive's Base Salary on the date of termination for aperiod of twelve months shall be paid by the Company in twelve equal installments, and (iiiD) the Executive's stock optionsshall immediately vest and become exercisable in full and shall remain exercisable for the periods specified in the stockoptions.

6.4	**Circumstances Under Which Termination Benefits Would Not Be Paid**.  The Company shall only beobligated to pay the amounts of Base Salary and bonus accrued but unpaid on the date of termination, and shall not be obligated topay Executive the termination benefits or continue the stock option vesting described in subparagraphs 6.1 through 6.3 above if theEmployment Period is terminated for Cause or if Executive voluntarily terminates his employment other than for Good Reason (asdefined below).  For purposes of this Agreement, "***Cause*" shall be limited to:
(A)	Willful or repeated failure by Executive to substantially perform his duties hereunder, other than afailure resulting from his complete or partial incapacity due to physical or mental illness or impairment;

(B)	A material and willful violation of a federal or state law or regulation applicable to the business of theCompany or that adversely affects the image of the Company;

(C)	Commission of a willful act by Executive which constitutes gross misconduct and is injurious to theCompany; or

(D)	A willful breach of a material provision of this Agreement.

6.5	**Constructive Termination**.  Notwithstanding anything in Section 3 or in this Section 6 tothe contrary, for purposes of this Agreement the Employment Period will be deemed to have been terminated and Executive will bedeemed to have Good Reason for voluntary termination of the Employment Period ("***Good**Reason***"), ifthere should occur:A material adverse change in Executive's position causing it to be of materially less stature orresponsibility without Executive's written consent; 

 A material reduction, without Executive's written consent, in his level of base compensation (including basesalary and fringe benefits) by more than ten percent (10%); or

(C)  A relocation of Executive's principal place of employment outside the San Francisco Bay Area without Executive'sconsent.

Change in Control Benefits
:  Should there occur a Change in Control (as defined below), then thefollowing provisions shall become applicable:

(A)	During the period (if any) following a Change in Control that Executive shall continue to remain employed,then the terms and provisions of this Agreement shall continue in full force and effect, and the stock option shall continue to vestand become and remain exercisable in accordance with the terms of the stock option; or

(B)	In the event of (i) a termination of the Executive's employment by the Company or its successor otherthan for Cause within twelve (12) months after a Change in Control or (ii) Executive voluntarily terminates his employment forGood Reason within twelve (12)  months after a Change in Control:

(i)	The Company shall pay to Executive an amount equal to (A) all amounts of bonus accrued to the date oftermination, (B) 100% of Executive's Base Salary for a period of one year and (C) Executive's target bonus of 40% for aperiod of one year, in one lump sum amount on or before the fifth business day following the effective date of Executive'stermination; and

(ii)	The unvested portion of the stock options held by Executive on the date of such Change in Control shallimmediately vest and become exercisable in full and the stock option shall remain exercisable for the periods specified in the stockoption.

For purposes of this Section 7, the term "***Change in Control*" shall mean:
(x)	The sale, lease, conveyance, liquidation or other disposition of all or substantially all of the Company'sassets as an entirety or substantially as an entirety to any person, entity or group of persons acting in concert other than in theordinary course of business; or

(y)	Any transaction or series of related transactions (as a result of a tender offer, merger, consolidation orotherwise) that results in any Person (as defined in Section 13(h)(8)(E) under the Securities Exchange Act of 1934) becoming thebeneficial owner (as defined in Rule 13d-3 under the Securities Exchange Act of 1934), directly or indirectly, of more than 50% ofthe aggregate voting power of all classes of common equity securities of the Company, except if such Person is (A) a subsidiaryof the Company, (B) an employee stock ownership plan for employees of the Company, or (C) a company formed to hold theCompany's common equity securities and whose shareholders constituted, at the time such company became such holding company,substantially all the equity owners or shareholders of the Company.

In the event that the severance and other benefits provided to Executive pursuant to Section 6 of thisAgreement (i) constitute "parachute payments" within the meaning of Section 280G of the Internal Revenue Code of1986, as amended (the "***Code*") and (ii) but for this Section 7, such severance and benefits would besubject to the excise tax imposed by Section 4999 of the Code, then Executive's severance benefits under this Section 7shall be payable either:
(a)	in full, or

(b)	as to such lesser amount which would result in no portion of such severance and other benefits beingsubject to excise tax under Section 4999 of the Code, whichever of the foregoing amounts, taking into account the applicablefederal, state and local income taxes and the excise tax imposed by Section 4999, results in the receipt by Executive on anafter-tax basis, of the greatest amount of severance benefits under this Agreement.  

Unless the Company and Executive otherwise agree in writing, any determination required under this Section 7shall be made in writing by independent public accountants agreed to by the Company and Executive (the"***Accountants*"), whose determination shall be conclusive and binding upon Executive and the Company for allpurposes.  For purposes of making the calculations required by this Section 7, the Accountants may make reasonable assumptionsand approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application ofSections 280G and 4999 of the Code.  The Company and Executive shall furnish to the Accountants such information and documentsas the Accountants may reasonably request in order to make a determination under this Section 7.  The Company shall bear allcosts the Accountants may reasonably incur in connection with any calculations contemplated by this Section 7.
8.	**Dispute Resolution**: The Company and Executive agree that any dispute regarding theinterpretation or enforcement of this Agreement shall be decided by confidential, final and binding arbitration conducted by JudicialArbitration and Mediation Services ("***JAMS*") under the then-existing JAMS rules, rather than by litigation incourt, trial by jury, administrative proceeding, or in any other forum. Claims that are filed with or are being processed by the U.S.Equal Employment Opportunity Commission ("EEOC") are excluded from this agreement to arbitrate.
9.	**Cooperation with the Company After Termination of the Employment Period**: Following terminationof the Employment Period by Executive, Executive shall fully cooperate with the Company in all matters relating to the winding up ofhis pending work on behalf of the Company and the orderly transfer of any such pending work to other employees of the Company as maybe designated by the Company.

Confidentiality; Return of Property; NonSolicitation
:

(A)	The Executive acknowledges that during the Employment Period he will receive confidential information fromthe Company and subsidiaries of the Company (each a "***Relevant Entity*").  Accordingly, the Executive agreesthat during the Employment Period (as it may be extended from time to time) and thereafter for a period of two years, the Executiveand his affiliates shall not, except in the performance of his obligations to the Company hereunder or as may otherwise be approvedin advance by the Company, directly or indirectly, disclose or use (except for the direct benefit of the Company) any confidentialinformation that he may learn or has learned by reason of his association with any Relevant Entity.  Upon termination of thisAgreement, the Executive shall promptly return to the Company any and all properties, records or papers of any Relevant Entity, thatmay have been in his possession at the time of termination, whether prepared by the Executive or others, including, but not limitedto, confidential information and keys.  For purposes of this Agreement, "confidential information" includes all data,analyses, reports, interpretations, forecasts, documents and information concerning a Relevant Entity and its affairs, including,without limitation with respect to clients, products, policies, procedures, methodologies, trade secrets and other intellectualproperty, systems, personnel, confidential reports, technical information, financial information, business transactions, businessplans, prospects or opportunities, (i) that the Company reasonably believes are confidential or (ii) the disclosure ofwhich could be injurious to a Relevant Entity or beneficial to competitors of a Relevant Entity, but shall exclude any informationthat (x) the Executive is required to disclose under any applicable laws, regulations or directives of any government agency,tribunal or authority having jurisdiction in the matter or under subpoena or other process of law, (y) is or becomes publiclyavailable prior to the Executive's disclosure or use of the information in a manner violative of the second sentence of thisSection 10(a), or (z) is rightfully received by Executive without restriction or disclosure from a third party legallyentitled to possess and to disclose such information without restriction (other than information that he may learn or has learned byreason of his association with any Relevant Entity).  For purposes of this Agreement, "affiliate" means any entity that,directly or indirectly, is controlled by, or under common control with, the Executive.  For purposes of this definition, the terms"controlled" and "under common control with" means the possession, direct or indirect, of the power to direct orcause the direction of the management and policies of such person, whether through the ownership of voting stock, by contract orotherwise.
(B)	For a period of one (1) year following the termination of Executive's employment with the Company for anyreason, he will not, without the Company' express written consent, either on his own behalf or on behalf of another, solicitemployees of the Company or any subsidiary of the Company for the purpose of hiring them.  General employment advertising shall notbe deemed to be a solicitation.

11.	**General**:

11.1	**Indemnification**.  In the event Executive is made, or threatened to be made, a party to any legalaction or proceeding, whether civil or criminal, by reason of the fact that Executive is or was a director or officer of the Companyor serves or served any othercorporation fifty percent (50%) or more owned or controlled by the Company in any capacity at theCompany' request, Company affiliate, Executive shall be indemnified by the Company, and the Company shall pay Executive's relatedexpenses when and as incurred, all to the fullest extent permitted by law.

11.2	**Waiver**.  Neither party shall, by mere lapse of time, without giving notice or taking other actionhereunder, be deemed to have waived any breach by the other party of any of the provisions of this Agreement.  Further, the waiver byeither party of a particular breach of this Agreement by the other shall neither be construed as, nor constitute a, continuing waiverof such breach or of other breaches by the same or any other provision of this Agreement.

11.3	**Severability**.  If for any reason a court of competent jurisdiction or arbitrator finds anyprovision of this Agreement to be unenforceable, the provision shall be deemed amended as necessary to conform to applicable laws orregulations, or if it cannot be so amended without materially altering the intention of the parties, the remainder of the Agreementshall continue in full force and effect as if the offending provision were not contained herein.

11.4	**Notices**.  All notices and other communications required or permitted to be given under thisAgreement shall be in writing and shall be considered effective upon personal service or upon transmission of a facsimile or thedeposit with Federal Express or in Express Mail and addressed to the Chairman of the Board of the Company at its principal corporateaddress, and to Executive at his most recent address shown on the Company's corporate records, or at any other address which he mayspecify in any appropriate notice to the Company.

11.5	**Counterparts**.  This Agreement may be executed in any number of counterparts, each of which shall bedeemed an original and all of which taken together constitutes one and the same instrument and in making proof hereof it shall not benecessary to produce or account for more than one such counterpart.

11.6	**Entire Agreement**.  The parties hereto acknowledge that each has read this Agreement, understandsit, and agrees to be bound by its terms.  The parties further agree that this Agreement shall constitute the complete and exclusivestatement of the agreement between the parties and supersedes all proposals (oral or written), understandings, representations,conditions, covenants, and all other communications between the parties relating to the subject matter hereof.  

11.7	**Governing Law**.  This Agreement shall be governed by the law of the State of California.

11.8	**Assignment and Successors**.  The rights and obligations of the Company under this Agreement shallinure to the benefit and shall be binding upon the successors and assigns of the Company.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

 

						Marketwatch.com, INC.

							

						Larry Kramer,

Chief Executive Officer

 

						EXECUTIVE

												
William Bishop

 
**Exhibit A

TARGET BONUS AND SPECIFICATIONS
**Annual Target Bonus Rate:  forty percent (40%) of the then-applicable base salary actually paid in a given year.  Forexample, if the base salary actually paid in the second year of the term of this Agreement is $170,500, the maximum target bonuswould be $68,200 ($170,500 multiplied by 40%) for that year.
**Specifications:  two components.
**Discretionary Component:  Board may decide when, and if to grant this component.  This component shall be 20% of the then-applicable base salary actually paid in a given year.
**Achievement of Financial Objectives Component:  Target Bonus of 20% is payable upon the Company's achievement of thefinancial objectives, determined annually by the Board.

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