EX-10.1






Exhibit 10.1




FISHER COMMUNICATIONS, INC.




CHANGE OF CONTROL AGREEMENT




(As Amended and Restated on August 24, 2009




This Change of Control Agreement, as amended and restated (this
"Agreement”), is entered into by and between Fisher Communications, Inc., a
Washington corporation (as supplemented by Section 13 hereof, the “Company”),
and Colleen B. Brown (the “Executive”) as of August 24, 2009.



The Board of Directors of the Company (the “Board”) has determined that it is in the best
interests of the Company and its shareholders to ensure that the Company will have the continued
dedication of the Executive, notwithstanding the possibility, threat or occurrence of a Change of
Control (as defined in Section 1 hereof) of the Company. The Board believes it is imperative to
diminish the inevitable distraction of the Executive arising from the personal uncertainties and
risks created by a pending or threatened Change of Control, to encourage the Executive’s full
attention and dedication to the Company currently and in the event of any threatened or pending
Change of Control, and to provide the Executive with reasonable compensation and benefit
arrangements upon a Change of Control.



In order to accomplish these objectives, the Board has caused the Company to enter into this
Agreement.




	1.	 	Definitions





1.1 “Change of Control” shall have the definition set forth in Appendix A hereto, which is
hereby incorporated by reference.



1.2 “Change of Control Date” shall mean the date on which a Change of Control occurs.



1.3 “Employment Period” shall mean the period commencing on each Change of Control Date and
ending eighteen (18) months after each such date.




	2.	 	Term





The initial term of this Agreement (“Initial Term”) shall be for a period of two (2) years
from the date of this Agreement as first appearing above; provided, however, that this Agreement
shall automatically renew for successive additional two (2) year periods (“Renewal Terms”) unless
notice of nonrenewal is given by either party to the other at least ninety (90) days prior to the
end of the Initial Term or any Renewal Term; and provided, further, that if a Change of Control
occurs during the Term, the Term shall automatically extend for the duration of the Employment
Period. The “Term” of this Agreement shall be the Initial Term plus all Renewal Terms and, if
applicable, the duration of the Employment Period. At the end of the Term, this Agreement shall
terminate without further action by either the Company or the Executive.




	3.	 	Employment






	 	3.1	 	Employment Period





During the Employment Period, the Company hereby agrees to continue the Executive in its
employ or in the employ of its affiliated companies, and the Executive hereby agrees to remain in
the employ of the Company or its affiliated companies, in accordance with the terms and provisions
of this Agreement; provided, however, that either the Company or the Executive may terminate the
employment relationship subject to the terms of this Agreement.




	 	3.2	 	Authority, Duties and Responsibilities





During the Employment Period, the Executive’s authority, duties and responsibilities shall be
at least commensurate in all material respects with the most significant of those held, exercised
and assigned at any time during the ninety (90) day period immediately preceding the Change of
Control Date.




	 	3.3	 	Location





During the Employment Period, the Executive’s services shall be performed at the office where
Executive was performing services as of the Change of Control Date or at any office located no more
than fifty (50) miles from such office.




	 	3.4	 	Employment at Will





The Executive and the Company acknowledge that, except as may otherwise be provided under any
other written agreement between the Executive and the Company, the employment of the Executive by
the Company or its affiliated companies is “at will” and may be terminated by either the Executive
or the Company or its affiliated companies at any time with or without cause. Moreover, if prior
to the Change of Control Date, the Executive’s employment with the Company or its affiliated
companies terminates for any reason, then the Executive shall have no further rights under this
Agreement; provided, however, that the Company may not avoid liability for any termination payments
that would have been required during the Employment Period pursuant to Section 8 hereof by
terminating the Executive prior to the Employment Period where such termination is carried out in
anticipation of a Change of Control and the principal motivating purpose is to avoid liability for
such termination payments.




	4.	 	Attention and Effort





During the Employment Period, and excluding any periods of vacation and sick leave to which
the Executive is entitled, the Executive will devote all of the Executive’s professional productive
time, ability, attention and effort to the business and affairs of the Company and the discharge of
the responsibilities assigned to the Executive hereunder, and will use the Executive’s reasonable
best efforts to perform faithfully and efficiently such responsibilities. It shall not be a
violation of this Agreement for the Executive to (a) serve on corporate, civic or charitable boards
or committees, (b) deliver lectures, fulfill speaking engagements or teach at educational
institutions, (c) manage personal investments, or (d) engage in activities permitted by the
policies of the Company or as specifically permitted by the Company, so long as such activities do
not significantly interfere with the performance of the Executive’s responsibilities in accordance
with this Agreement. It is expressly understood and agreed that to the extent any such activities
have been conducted by the Executive prior to the Employment Period, the continued conduct of such
activities (or the conduct of activities similar in nature and scope thereto) during the Employment
Period shall not thereafter be deemed to interfere with the performance of the Executive’s
responsibilities to the Company.




	5.	 	Compensation





As long as the Executive remains employed by the Company during the Employment Period, the
Company agrees to pay or cause to be paid to the Executive, and the Executive agrees to accept in
exchange for the services rendered hereunder by the Executive, the following compensation:




	 	5.1	 	Salary





The Executive shall receive an annual base salary (the “Annual Base Salary”), at least equal
to the Executive’s annual base salary immediately prior to the Change of Control Date. The Annual
Base Salary shall be paid in substantially equal installments and at the same intervals as the
salaries of other executives of the Company are paid. The Board, the Compensation Committee of the
Board or the Chief Executive Officer shall review the Annual Base Salary at least annually and
shall determine in good faith and consistent with any generally applicable Company policy any
increases for future years.




	 	5.2	 	Bonus





In addition to the Annual Base Salary, the Executive shall be entitled to participate in the
annual cash bonus plan of the Company to the same extent as similarly situated executives, with a
target bonus at least equal to Executive’s target bonus immediately prior to the Change of Control
Date.




	6.	 	Benefits






	 	6.1	 	Incentive, Retirement and Welfare Benefit Plans; Vacation





As long as the Executive remains employed by the Company during the Employment Period, the
Executive shall be entitled to participate, subject to and in accordance with applicable
eligibility requirements, in such fringe benefit programs as shall be generally made available to
other executives of the Company and its affiliated companies from time to time during the
Employment Period by action of the Board (or any person or committee appointed by the Board to
determine fringe benefit programs and other emoluments), including, without limitation, paid
vacations; any stock purchase, equity compensation, savings or retirement plan, practice, policy or
program; and all welfare benefit plans, practices, policies or programs (including, without
limitation, medical, prescription, dental, disability, salary continuance, employee life, group
life, accidental death and travel accident insurance plans or programs).




	 	6.2	 	Expenses





As long as the Executive remains employed by the Company during the Employment Period, the
Executive shall be entitled to receive prompt reimbursement for all reasonable employment expenses
incurred by the Executive in accordance with the policies, practices and procedures of the Company
and its affiliated companies in effect for the executives of the Company and its affiliated
companies during the Employment Period. Without limitation on the foregoing, reimbursement shall
be made no later than the end of the fourth month of the year following the year in which the
expense was incurred.




	7.	 	Termination





During the Employment Period, employment of the Executive may be terminated as follows, but,
in any case, the nondisclosure provisions set forth in Section 10 hereof shall survive the
termination of this Agreement and the termination of the Executive’s employment with the Company:




	 	7.1	 	Termination by the Company or the Executive





At any time during the Employment Period, the Company may terminate the employment of the
Executive with or without Cause (as defined below), and the Executive may terminate the Executive’s
employment for Good Reason (as defined below) or for any reason, upon giving a Notice of
Termination (as defined below).




	 	7.2	 	Automatic Termination





This Agreement and the Executive’s employment during the Employment Period shall terminate
automatically upon the death or Total Disability of the Executive. The term “Total Disability” as
used herein shall mean the Executive’s inability (with such accommodation as may be required by law
and which places no undue burden on the Company), as determined by a physician selected by the
Company and acceptable to the Executive, to perform the duties set forth in Section 3.2 hereof for
a period or periods aggregating twelve (12) weeks in any three hundred sixty-five (365) day period
as a result of physical or mental illness, loss of legal capacity or any other cause beyond the
Executive’s control, unless the Executive is granted a leave of absence by the Board. The
Executive and the Company hereby acknowledge that the duties specified in Section 3.2 hereof are
essential to the Executive’s position and that the Executive’s ability to perform those duties is
the essence of this Agreement.




	 	7.3	 	Notice of Termination





Any termination by the Company or by the Executive during the Employment Period shall be
communicated by a Notice of Termination to the other party given in accordance with Section 12
hereof. The term “Notice of Termination” shall mean a written notice that (a) indicates the
specific termination provision in this Agreement relied upon and (b) to the extent applicable, sets
forth in reasonable detail the facts and circumstances claimed to provide a basis for termination
of the Executive’s employment under the provision so indicated. The failure by the Executive or
the Company to set forth in the Notice of Termination any fact or circumstance that contributes to
a showing of Good Reason or Cause shall not waive any right of the Executive or the Company
hereunder or preclude the Executive or the Company from asserting such fact or circumstance in
enforcing the Executive’s or the Company’s rights hereunder.




	 	7.4	 	Date of Termination





During the Employment Period, “Date of Termination” means (a) if the Executive’s employment is
terminated by reason of death, the last day of the calendar month in which the Executive’s death
occurs, (b) if the Executive’s employment is terminated by reason of Total Disability, immediately
upon a determination by the Company of the Executive’s Total Disability, and (c) in all other
cases, ten (10) business days after the date of personal delivery or mailing of the Notice of
Termination. The Executive’s employment and performance of services will continue during such ten
(10) day period; provided, however, that the Company may, upon notice to the Executive and without
reducing the Executive’s compensation during such period, excuse the Executive from any or all of
the Executive’s duties during such period. Notwithstanding anything contained in this Agreement to
the contrary, the date on which a “separation from service,” within the meaning of
Section 409A(a)(2)(A)(i) of the Internal Revenue Code of 1986, as amended (“Separation from
Service”), occurs shall be the “Date of Termination” or termination of employment for purposes of
determining the timing of payments under this Agreement to the extent necessary to have such
payments and benefits under this Agreement be exempt from the requirements of Section 409A of the
Internal Revenue Code of 1986, as amended (“Code Section 409A”), or comply with the requirements of
Code Section 409A, as applicable.




	8.	 	Termination Payments





In the event of termination of the Executive’s employment during the Employment Period, all
compensation and benefits set forth in this Agreement shall terminate except as specifically
provided in this Section 8.




	 	8.1	 	Termination by the Company Other Than for Cause or by the Executive for Good
Reason





If during the Employment Period the Company terminates the Executive’s employment other than
for Cause or the Executive terminates the Executive’s employment for Good Reason, the Executive
shall be entitled to:



(a) receive payment of the following accrued obligations (the “Accrued Obligations”):



(i) the Annual Base Salary through the Date of Termination to the extent not theretofore paid;



(ii) any compensation previously deferred by the Executive (together with accrued interest or
earnings thereon, if any); and



(iii) any accrued vacation pay that would be payable under the Company’s standard policy to
the extent not theretofore paid; and



(b) an amount as severance pay equal to the sum of: (x) two (2) times the Annual Base Salary
for the fiscal year in which the Date of Termination occurs and (y) Executive’s target bonus under
the Company’s annual cash bonus plan for the fiscal year in which the Date of Termination occurs.




	 	8.2	 	Termination for Cause or Other Than for Good Reason





If during the Employment Period the Executive’s employment shall be terminated by the Company
for Cause or by the Executive for other than Good Reason, this Agreement shall terminate without
further obligation on the part of the Company to the Executive, other than the Company’s obligation
to pay the Executive the Accrued Obligations.




	 	8.3	 	Expiration of Term





In the event the Executive’s employment is not terminated prior to expiration of the Term,
this Agreement shall terminate upon the expiration of the Term without further obligation on the
part of the Company to the Executive.




	 	8.4	 	Termination Because of Death or Total Disability





If during the Employment Period the Executive’s employment is terminated by reason of the
Executive’s death or Total Disability, this Agreement shall terminate automatically without further
obligation on the part of the Company to the Executive or the Executive’s legal representatives
under this Agreement, other than the Company’s obligation to pay the Executive the Accrued
Obligations (which shall be paid to the Executive’s estate or beneficiary, as applicable in the
case of the Executive’s death).




	 	8.5	 	Payment Schedule





All payments of Accrued Obligations, or any portion thereof payable pursuant to this
Section 8, other than deferred compensation pursuant to Section 8.1(a)(ii) hereof, shall be made to
the Executive within ten (10) working days of the Date of Termination. Deferred compensation
pursuant to Section 8.1(a)(ii) hereof shall be payable pursuant to the terms of the applicable
deferred compensation program. Subject to Section 21, any severance payments payable to the
Executive pursuant to Sections 8.1(b) hereof shall be made to the Executive in a lump sum within
ten (10) days after the release referred to in Section 8.9 hereof becomes effective, but in no
event earlier than the Date of Termination. Notwithstanding the preceding provisions of this
Section 8, if any payment or benefit pursuant to this Agreement constitutes a “deferral of
compensation” subject to Code Section 409A (after taking into account, to the maximum extent
possible, any applicable exemptions) (a “409A Payment”), then the provisions of Section 21 hereof
shall apply. In addition, Section 8.9 hereof must be satisfied to receive payments and benefits
under this Section 8.




	 	8.6	 	Cause





For purposes of this Agreement, “Cause” means cause given by the Executive to the Company and
shall include, without limitation, the occurrence of one (1) or more of the following events:



(a) a clear refusal to carry out any material lawful duties of the Executive or any directions
of the Board or the member of senior management of the Company to which the Executive reports, all
reasonably consistent with the duties described in Section 3.2 hereof;



(b) persistent failure to carry out any lawful duties of the Executive described in Section
3.2 hereof or any directions of the Board or the member of senior management to which the Executive
reports reasonably consistent with the duties herein set forth to be performed by the Executive;
provided, however, that the Executive has been given reasonable notice and opportunity to correct
any such failure;



(c) violation by the Executive of a state or federal criminal law involving the commission of
a crime against the Company or any other criminal act involving moral turpitude;



(d) current abuse by the Executive of alcohol or controlled substances; deception, fraud,
misrepresentation or dishonesty by the Executive involving the Company; or any incident materially
compromising the Executive’s professional reputation or ability to represent the Company with
investors, customers or the public; or



(e) any other material violation of any provision of this Agreement by the Executive, subject
to the notice and opportunity-to-cure requirements of Section 11 hereof.




	 	8.7	 	Good Reason





(a) For purposes of this Agreement, “Good Reason” means the existence of any of the following
conditions during the Employment Period without the Executive’s express written consent:



(i) a material diminution in the Executive’s authority, duties or responsibilities as
contemplated by Section 3.2 hereof;



(ii) a material reduction in the Executive’s Annual Base Salary;



(iii) A relocation of the principal location at which the Executive is required to provide
services to any office or location other than one described in Section 3.3 hereof; or



(iv) any other action or inaction that constitutes a material breach by the Company of this
Agreement.



(b) Notwithstanding any provision in this Agreement to the contrary, termination of employment
by the Executive will not be for Good Reason unless (i) the Executive notifies the Company in
writing of the existence of the condition which the Executive believes constitutes Good Reason
within ninety (90) days of the initial existence of such condition (which notice specifically
identifies such condition), (ii) the Company fails to remedy such condition within thirty (30) days
after the date on which it receives such notice (the “Remedial Period”), and (iii) the Executive
actually terminates employment within sixty (60) days after the expiration of the Remedial Period
and before the Company remedies such condition. If the Executive terminates employment before the
expiration of the Remedial Period or after the Company remedies the condition (even if after the
end of the Remedial Period), then the Executive’s termination of employment will not be considered
to be for Good Reason.




	 	8.8	 	Section 280G





(a) Notwithstanding any other provision of this Agreement, in the event that the Executive
becomes entitled to receive or receives any payments, options, awards or benefits (including,
without limitation, the monetary value of any non-cash benefits and the accelerated vesting of
stock options) under this Agreement or under any other plan, agreement or arrangement with the
Company, any person whose actions result in a Change of Control or any person affiliated with the
Company or such person (collectively, the “Payments”), that may separately or in the aggregate
constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of
1986, as amended (the “Code”), or any similar or successor provision (“Section 280G”) and it is
determined that, but for this Section 8.8(a), any of the Payments will be subject to any excise tax
pursuant to Section 4999 of the Code or any similar or successor provision, the Company shall pay
to the Executive an amount equal to the Payments, reduced by the minimum amount necessary to
prevent any portion of the Payments from being an “excess parachute payment” (within the meaning of
Section 280G).



(b) All computations and determinations called for by this Section 8.8 shall be made and
reported in writing to the Company and the Executive by an independent accounting firm or
independent tax counsel appointed by the Company (the “Tax Advisor”), and all such computations and
determinations shall be conclusive and binding on the Company and the Executive. For purposes of
such calculations and determinations, the Tax Advisor may rely on reasonable, good faith
interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and
the Executive shall furnish to the Tax Advisor such information and documents as the Tax Advisor
may reasonably request in order to make their required calculations and determinations. The
Company shall bear all fees and expenses charged by the Tax Advisor in connection with its
services.



(c) In the event that Section 8.8(a) applies and a reduction is required to be applied to the
Payments thereunder, the Payments shall be reduced by the Company in its reasonable discretion in
the following order: (i) reduction of any Payments that are exempt from Code Section 409A and (ii)
reduction of any Payments that are subject to Code Section 409A on a pro-rata basis or such other
manner that complies with Code Section 409A, as determined by the Company.



8.9 General Release of Claims



As a condition to receiving the payments and benefits under this Section 8 other than Accrued
Obligations, the Executive shall execute (and not later revoke) a general release and waiver of all
claims against the Company, which release and waiver shall be in a form acceptable to the Company,
in its reasonable discretion, and delivered to the Company no later than the date specified by the
Company (which date shall in no event be later than the first day of the third month of the fiscal
year following the year in which the Date of Termination occurs). To the extent any payment or
benefit is a 409A Payment, the provisions of Section 21.3 hereof shall apply.




	9.	 	Representations, Warranties and Other Conditions





In order to induce the Company to enter into this Agreement, the Executive represents and
warrants to the Company as follows:




	 	9.1	 	Health





The Executive knows of no physical or mental disability that, with any accommodation that may
be required by law and that places no undue burden on the Company, would prevent the Executive from
fulfilling the Executive’s obligations hereunder.




	 	9.2	 	No Violation of Other Agreements





The Executive represents that neither the execution nor the performance of this Agreement by
the Executive will violate or conflict in any way with any other agreements or obligations by which
the Executive may be bound.




	10.	 	Nondisclosure; Return of Materials






	 	10.1	 	Nondisclosure





Except as required by the Executive’s employment with the Company, the Executive will not, at
any time during the term of employment by the Company, or at any time thereafter, directly,
indirectly or otherwise, use, communicate, disclose, disseminate, lecture upon or publish articles
relating to any confidential, proprietary or trade secret information of the Company without the
prior written consent of the Company. The Executive understands that the Company will be relying
on this Agreement in continuing the Executive’s employment, paying the Executive’s compensation,
granting the Executive any promotions or raises, or entrusting the Executive with any information
that helps the Company compete with others.




	 	10.2	 	Return of Materials





All documents, records, notebooks, notes, memoranda, drawings or other documents made or
compiled by the Executive at any time, or in the Executive’s possession, including any and all
copies thereof, shall be the property of the Company and shall be held by the Executive in trust
and solely for the benefit of the Company, and shall be delivered to the Company by the Executive
upon termination of employment or at any other time upon written request by the Company.




	11.	 	Notice and Cure of Breach





Subject to Section 8.7(b) hereof, whenever a breach of this Agreement by either party is
relied upon as justification for any action taken by the other party pursuant to any provision of
this Agreement, other than clause (a), (b), (c) or (d) of Section 8.6 hereof, before such action is
taken, the party asserting the breach of this Agreement shall give the other party at least twenty
(20) days’ prior written notice of the existence and the nature of such breach before taking
further action hereunder and shall give the party purportedly in breach of this Agreement the
opportunity to correct such breach during the twenty (20) day period.




	12.	 	Form of Notice





Every notice required by the terms of this Agreement shall be given in writing by serving the
same upon the party to whom it was addressed personally or by registered or certified mail, return
receipt requested, at the address set forth below or at such other address as may hereafter be
designated by notice given in compliance with the terms hereof:



If to the Executive: Colleen B. Brown



      



      



	 	 	 
	If to the Company:

With a copy to:
	 	Fisher Communications, Inc.

100 4th Avenue North, Suite 510

Seattle, Washington 98109-4932

Attn: General Counsel

Perkins Coie LLP

1201 Third Avenue, Suite 4800

Seattle, Washington 98101-3099

Attn: Andrew Bor







Except as set forth in Section 7.4 hereof, if notice is mailed, such notice shall be effective upon
mailing.




	13.	 	Assignment





This Agreement is personal to the Executive and shall not be assignable by the Executive.



The Company shall assign to and require any successor (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all the business and/or
assets of the Company to assume expressly and agree to perform this Agreement in the same manner
and to the same extent that the Company would be required to perform it if no such succession had
taken place. As used in this Agreement, “Company” shall mean Fisher Communications, Inc. and any
affiliated company or successor to its business and/or assets as aforesaid that assumes and agrees
to perform this Agreement by contract, operation of law, or otherwise. All the terms and
provisions of this Agreement shall be binding upon and inure to the benefit of and be enforceable
by the parties hereto and their respective successors and permitted assigns.




	14.	 	Waivers





No delay or failure by any party hereto in exercising, protecting or enforcing any of its
rights, titles, interests or remedies hereunder, and no course of dealing or performance with
respect thereto, shall constitute a waiver thereof. The express waiver by a party hereto of any
right, title, interest or remedy in a particular instance or circumstance shall not constitute a
waiver thereof in any other instance or circumstance. All rights and remedies shall be cumulative
and not exclusive of any other rights or remedies.




	15.	 	Amendments in Writing





No amendment, modification, waiver, termination or discharge of any provision of this
Agreement, or consent to any departure therefrom by either party hereto, shall in any event be
effective unless the same shall be in writing, specifically identifying this Agreement and the
provision intended to be amended, modified, waived, terminated or discharged and signed by the
Company and the Executive, and each such amendment, modification, waiver, termination or discharge
shall be effective only in the specific instance and for the specific purpose for which given. No
provision of this Agreement shall be varied, contradicted or explained by any oral agreement,
course of dealing or performance or any other matter not set forth in an agreement in writing and
signed by the Company and the Executive.




	16.	 	Applicable Law





This Agreement shall in all respects, including all matters of construction, validity and
performance, be governed by, and construed and enforced in accordance with, the laws of the State
of Washington, without regard to any rules governing conflicts of laws.




	17.	 	Arbitration; Attorneys’ Fees





Except in connection with enforcing Section 10 hereof, for which legal and equitable remedies
may be sought in a court of law, any dispute arising under this Agreement shall be subject to
arbitration. The arbitration proceeding shall be conducted in accordance with the Commercial
Arbitration Rules of the American Arbitration Association (the “AAA Rules”) then in effect,
conducted by one arbitrator either mutually agreed upon or selected in accordance with the AAA
Rules. The arbitration shall be conducted in King County, Washington, under the jurisdiction of
the Seattle office of the American Arbitration Association. The arbitrator shall have authority
only to interpret and apply the provisions of this Agreement, and shall have no authority to add
to, subtract from or otherwise modify the terms of this Agreement. Any demand for arbitration must
be made within sixty (60) days of the event(s) giving rise to the claim that this Agreement has
been breached. The arbitrator’s decision shall be final and binding, and each party agrees to be
bound by the arbitrator’s award, subject only to an appeal therefrom in accordance with the laws of
the State of Washington. Either party may obtain judgment upon the arbitrator’s award in the
Superior Court of King County, Washington.



If it becomes necessary to pursue or defend any legal proceeding, whether in arbitration or
court, in order to resolve a dispute arising under this Agreement, the prevailing party in any such
proceeding shall be entitled to recover its reasonable costs and attorneys’ fees. To the extent
necessary to prevent the Executive from being subject to any additional tax pursuant to Code
Section 409A(a)(1)(B), any amounts payable to the Executive pursuant to this paragraph shall be
paid in no event later than the year following the year during which such costs and fees were
incurred.




	18.	 	Severability





If any provision of this Agreement shall be held invalid, illegal or unenforceable in any
jurisdiction, for any reason, including, without limitation, the duration of such provision, its
geographical scope or the extent of the activities prohibited or required by it, then, to the full
extent permitted by law, (a) all other provisions hereof shall remain in full force and effect in
such jurisdiction and shall be liberally construed in order to carry out the intent of the parties
hereto as nearly as may be possible, (b) such invalidity, illegality or unenforceability shall not
affect the validity, legality or enforceability of any other provision hereof, and (c) any court or
arbitrator having jurisdiction thereover shall have the power to reform such provision to the
extent necessary for such provision to be enforceable under applicable law.




	19.	 	Entire Agreement





This Agreement constitutes the entire agreement between the Company and the Executive with
respect to the subject matter hereof, and all prior or contemporaneous oral or written
communications, understandings or agreements between the Company and the Executive with respect to
such subject matter are hereby superseded and nullified in their entireties, including, without
limitation, the Amended and Restated Change in Control Severance Agreement between the Company and
the Executive, effective as of December 31, 2008.




	20.	 	Withholding





The Company may withhold from any amounts payable under this Agreement such federal, state or
local taxes as shall be required to be withheld pursuant to any applicable law or regulation.




	21.	 	409A Interpretation Provision





The parties intend that this Agreement and the payments and benefits provided hereunder be
exempt from the requirements of Code Section 409A to the maximum extent possible, whether pursuant
to the short-term deferral exception described in Treasury Regulation Section 1.409A-1(b)(4), the
involuntary separation pay plan exception described in Treasury Regulation Section
1.409A-1(b)(9)(iii), or otherwise. To the extent Code Section 409A is applicable to this
Agreement, the parties intend that this Agreement comply with the deferral, payout and other
limitations and restrictions imposed under Code Section 409A. Notwithstanding anything herein to
the contrary, (a) this Agreement shall be interpreted, operated and administered in a manner
consistent with such intentions, and (b) in no event shall the Company be liable to the Executive
for or with respect to any taxes, penalties or interest that may be imposed upon the Executive
pursuant to Code Section 409A.




	 	21.1	 	Payments to Specified Employees





If the Executive is a specified employee, within the meaning of Code Section 409A(a)(2)(B)(i),
on the date of the Executive’s Separation from Service, then to the extent necessary to avoid
subjecting the Executive to the imposition of any additional tax under Code Section 409A, amounts
that would otherwise be payable under this Agreement during the six-month period immediately
following the Executive’s Separation from Service shall not be paid to the Executive during such
period, but shall instead be accumulated and paid to the Executive (or, in the event of the
Executive’s death, the Executive’s estate) in a lump sum on the first business day following the
earlier of (a) the date that is six months after the Executive’s Separation from Service or (b) the
Executive’s death.




	 	21.2	 	Reimbursements





For purposes of complying with Code Section 409A and without extending the payment timing
otherwise provided in this Agreement, taxable expense reimbursements under this Agreement, subject
to the following sentence and to the extent required to comply with Code Section 409A, will be made
no later than the end of the calendar year following the calendar year in which the expense was
incurred. To the extent required to comply with Code Section 409A, any taxable expense
reimbursements and any in-kind benefit under this Agreement will be subject to the following:
(a) payment of such reimbursements or in-kind benefits during one calendar year will not affect the
expenses eligible for reimbursement, or in-kind benefits provided, during any other calendar year
(other than for medical reimbursement arrangements as excepted under Treasury Regulation Section
1.409A-3(i)(1)(iv)(B) solely because the arrangement provides for a limit on the amount of expenses
that may be reimbursed under such arrangement over some or all of the period the arrangement
remains in effect); (b) such right to reimbursements or in-kind benefits is not subject to
liquidation or exchange for another form of compensation (or benefit) to the Executive; and (c) the
right to reimbursements under this Agreement will be in effect for the lesser of the time specified
in this Agreement or ten (10) years plus the lifetime of the Executive. Any taxable reimbursements
or in-kind benefits shall be treated as not subject to Code Section 409A to the maximum extent
provided by Treasury Regulation Section 1.409A-1(b)(9)(v) or otherwise under Code Section 409A.




	 	21.3	 	Release





Subject to Section 21.1 hereof, (a) to the extent that the Executive is required to execute
and deliver a release to receive a 409A Payment and (b) this Agreement otherwise provides for such
409A Payment to be provided prior to the 55th day following the Executive’s Separation from
Service, such 409A Payment will instead be provided upon the 55th day following the Executive’s
Separation from Service, provided that the release in the form acceptable to the Company, in its
reasonable discretion, has been executed, delivered and become effective prior to such time. If a
release is required for a 409A Payment and such release is not executed, delivered and effective by
the 55th day following the Executive’s Separation from Service, such 409A Payment shall not be
provided to the Executive to the extent that providing such 409A Payment would cause such 409A
Payment to fail to comply with Code Section 409A.




	22.	 	Counterparts





This Agreement may be executed in counterparts, each of which counterparts shall be deemed an
original, but all of which together shall constitute one and the same instrument.



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IN WITNESS WHEREOF, the parties have executed and entered into this Agreement effective on the
date first set forth above.




FISHER COMMUNICATIONS, INC.




By:

Karen A. Aliabadi, Vice President Human

Resources




EXECUTIVE




By:




Colleen B. Brown



APPENDIX A




For purposes of this Agreement, a “Change of Control” shall mean:



(a) A “Board Change” that, for purposes of this Agreement, shall have occurred if the
individuals who as of the date of this Agreement constitute the Board (the “Incumbent Board”) cease
for any reason to constitute at least a majority of the Board; provided, however that any
individual who became or becomes a director on or after the Company’s annual meeting of
shareholders held on April 28, 2009 whose election, or nomination for election by the Company’s
shareholders was approved by a vote of a majority of the directors of the Company then comprising
the Incumbent Board shall be considered as though such individual were a member of the Incumbent
Board and, provided further, that any individual whose initial assumption of office results from a
settlement of either an actual or threatened election contest (as such terms are used in former
Rule 14a-11 of Regulation 14A promulgated under the Securities Exchange Act of 1934, as amended
(the “Exchange Act”)) or other actual or threatened solicitation of proxies or consents by or on
behalf of a Person (as hereinafter defined) other than the Board shall not be considered a member
of the Incumbent Board; or



(b) The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3)
or 14(d)(2) of the Exchange Act) (a “Person”) of beneficial ownership (within the meaning of Rule
13d-3 promulgated under the Exchange Act) of (i) thirty-five percent (35%) or more of either
(A) the then outstanding shares of Common Stock of the Company (the “Outstanding Company Common
Stock”) or (B) the combined voting power of the then outstanding voting securities of the Company
entitled to vote generally in the election of directors (the “Outstanding Company Voting
Securities”), in the case of either subclause (A) or (B) of this clause (i), which acquisition is
not approved in advance by a majority of the Incumbent Board, or (ii) forty percent (40%) or more
of either (A) the Outstanding Company Common Stock or (B) the Outstanding Company Voting
Securities, in the case of either subclause (A) or (B) of this clause (ii), which acquisition is
approved in advance by a majority of the Incumbent Board; provided, however, that the following
acquisitions shall not constitute a Change of Control: (x) any acquisition by the Company, (y) any
acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company
or any corporation controlled by the Company, or (z) any acquisition by any corporation pursuant to
a reorganization, merger or consolidation, if, following such reorganization, merger or
consolidation, the conditions described in clauses (i), (ii) and (iii) of subsection (c) of this
Appendix A are satisfied; or



(c) Consummation of a reorganization, merger or consolidation approved by the shareholders of
the Company, in each case, unless, immediately following such reorganization, merger or
consolidation, (i) more than sixty percent (60%) of, respectively, the then outstanding shares of
common stock of the corporation resulting from such reorganization, merger or consolidation and the
combined voting power of the then outstanding voting securities of such corporation entitled to
vote generally in the election of directors is then beneficially owned, directly or indirectly, by
all or substantially all the individuals and entities who were the beneficial owners, respectively,
of the Outstanding Company Common Stock and the Outstanding Company Voting Securities immediately
prior to such reorganization, merger or consolidation in substantially the same proportion as their
ownership immediately prior to such reorganization, merger or consolidation of the Outstanding
Company Common Stock and the Outstanding Company Voting Securities, as the case may be, (ii) no
Person (excluding the Company, any employee benefit plan (or related trust) of the Company or such
corporation resulting from such reorganization, merger or consolidation and any Person beneficially
owning, immediately prior to such reorganization, merger or consolidation, directly or indirectly,
thirty-three percent (33%) or more of the Outstanding Company Common Stock or the Outstanding
Company Voting Securities, as the case may be) beneficially owns, directly or indirectly,
thirty-three percent (33%) or more of, respectively, the then outstanding shares of common stock of
the corporation resulting from such reorganization, merger or consolidation or the combined voting
power of the then outstanding voting securities of such corporation entitled to vote generally in
the election of directors, and (iii) at least a majority of the members of the board of directors
of the corporation resulting from such reorganization, merger or consolidation were on the
Incumbent Board at the time of the execution of the initial agreement providing for such
reorganization, merger or consolidation; or



(d) Consummation of the following events: approval by the shareholders of the Company of (i) a
complete liquidation or dissolution of the Company or (ii) the sale or other disposition of all or
substantially all the assets of the Company, other than to a corporation with respect to which
immediately following such sale or other disposition, (A) more than sixty percent (60%) of,
respectively, the then outstanding shares of common stock of such corporation and the combined
voting power of the then outstanding voting securities of such corporation entitled to vote
generally in the election of directors is then beneficially owned, directly or indirectly, by all
or substantially all the individuals and entities who were the beneficial owners, respectively, of
the Outstanding Company Common Stock and the Outstanding Company Voting Securities immediately
prior to such sale or other disposition in substantially the same proportion as their ownership,
immediately prior to such sale or other disposition, of the Outstanding Company Common Stock and
the Outstanding Company Voting Securities, as the case may be, (B) no Person (excluding the
Company, any employee benefit plan (or related trust) of the Company or such corporation and any
Person beneficially owning, immediately prior to such sale or other disposition, directly or
indirectly, thirty-three percent (33%) or more of the Outstanding Company Common Stock or the
Outstanding Company Voting Securities, as the case may be) beneficially owns, directly or
indirectly, thirty-three percent (33%) or more of, respectively, the then outstanding shares of
common stock of such corporation or the combined voting power of the then outstanding voting
securities of such corporation entitled to vote generally in the election of directors, and (C) at
least a majority of the members of the board of directors of such corporation were approved by a
majority of the Incumbent Board at the time of the execution of the initial agreement or action of
the Board providing for such sale or other disposition of the Company’s assets.



Notwithstanding the foregoing, there shall not be a Change of Control if, in advance of such
event, the Executive agrees in writing that such event shall not constitute a Change in Control.




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