Document:

EX-10.18

 Exhibit 10.18 
 Fisher Communications, Inc. Management Short Term Incentive Plan -2013 
  

 
  

 Purpose 
 The purpose of the Management Short Term Incentive Plan (the Plan) is to reward performance by focusing Fisher Communications key management employees on setting high standards and achieving performance
goals. 
 Administration of the Plan 
 The Compensation Committee of the Board of Directors of Fisher Communications (the Committee) will approve final disposition of all matters pertaining to the administration of the Plan. The
Committee’s decisions affecting the construction of the Plan will be final and binding on all parties. 
 The President and Chief Executive
Officer (CEO) of Fisher Communications, on behalf of the Committee, has the responsibility to administer the Plan. The CEO will review goals for all plan participants. The Committee will review and approve Company financial goals, individual goals
and final performance results and payouts. 
 Responsibilities for actions taken under the Plan and associated time frames are: 

 

									
	Responsibilities	  	CEO	  	Participant	  	Finance and
Administration	  	Committee
	 Goal setting for upcoming year
 (Company financial and
individual)
	  	December 2012-
January 2013	  	December 2012-
January 2013	  	October 2012-
December 2013	  	 
	 	 	 	 	 
	 Goal
approval for upcoming year
	  	 	  	 	  	 	  	February 2013-
March 2013
	  

Evaluation of performance results at the end of the Plan period
	  	January 2014-
February 2014	  	 	  	January 2014-
February 2014	  	 
	 	 	 	 	 
	
Calculation of payouts
	  	March 2014	  	 	  	March 2014	  	 
	  

Approval of payouts and

performance results for previous year
	  	 	  	 	  	 	  	  
 February 2014-
March 2014

	 	 	 	 	 
	
Communication of payouts
	  	March 2014	  	 	  	 	  	 
	  

Payouts to participants
	  	 	  	By March 15, 2014	  	 	  	 

 Fisher Communications, Inc. Management Short Term Incentive Plan -2013 

 
  

 

 Plan Period 
 The plan period is defined as January 1, 2013 through December 31, 2013. 
 Plan
Participants 
 Participants in the Plan will be corporate officers and other key management employees approved by the Committee that are
responsible for directing and performing functions that have significant impact on Fisher Communications’ performance. At the current time they are: 
  

	 	•	 	 President and Chief Executive Officer 

  

	 	•	 	 Executive Vice President, Operations 

  

	 	•	 	 Senior Vice President, General Counsel and Corporate Secretary 

 

	 	•	 	 Senior Vice President, Revenue and Business Development 

 

	 	•	 	 Senior Vice President, Chief Financial Officer 

  

	 	•	 	 Vice President, Human Resources 

  

	 	•	 	 Vice President, Technology 

Newly hired employees who are added as participants to the Plan during the year may receive prorated incentive awards as recommended by the CEO and
approved by the Committee. 
 Plan Performance Measures and Weights 
 Performance measures are established before the end of the first quarter of the Plan period. 

Performance measures for all of the above employees will consist of 80% of the incentive based on Company Financial Performance or Fisher’s Adjusted
EBITDA (which may be adjusted for certain circumstances by the Compensation Committee) and 20% of the incentive based on the achievement of individual objectives. 
 Award payments for Adjusted EBITDA component will be based on the Payout as a Percent of Target which corresponds to the EBITDA achievement as a percent of target. The EBITDA payout will be calculated as
follows: Payout as a percent of target x participant’s target bonus percent x 80%. 
 The individual objectives component is based on a
pool that also varies by the EBITDA achievement. The minimum funding level for the pool is .8 x sum of participants’ target bonus x 20%. The pool funding increases with levels of EBITDA achievement such that the pool is funded at 90% of the
target opportunity at 90% EBITDA achievement and 100% at 100% EBITDA achievement. Above 100% EBITDA achievement the pool increases 5% for every 1% increase in EBITDA achievement. For example, if EBITDA achievement is 110% of target, the individual
objectives pool is 150%. If EBITDA achievement is 120% of target or higher, the individual pool is 200% of the target pool. Individual awards will vary based on individual performance. The sum of all individual awards will not exceed the total pool.

 Fisher Communications, Inc. Management Short Term Incentive Plan -2013 

 
  

 

 Please refer to the Corporate Matrix for illustration of award potential for the Adjusted EBITDA
component of the incentive. Please refer to the Individual Matrix for illustration of award potential for the individual objectives component of the incentive. 
 Award Schedule 
 At the beginning of the Plan year, a performance/payout schedule will be
developed that specifies threshold, target, and maximum Company financial performance levels and the corresponding percentage of the target award that would be earned for each performance level. Additionally, individual objectives are developed and
approved by the CEO. 
 Target Incentive Awards 
 Target incentive awards are expressed as a percentage of base salary and vary by position level and accountabilities. 
 Payment of Awards 
 A participant’s payout is calculated as follows: 

 

	 	•	 	 Confirm target opportunity as % of base salary 

  

	 	•	 	 Assess level of Company financial performance versus target performance 

 

	 	•	 	 Assess level of individual objective performance versus target performance 

 

	 	•	 	 Determine payout as a percent of target for Company financial and individual performance results 

Termination 
 Retirement or
Disability — In the event of termination of employment through retirement or as a result of total disability as defined in Fisher Broadcasting benefit plans, the award will be prorated for the number of months of the year completed prior to
termination. Retirement is defined as termination of employment on or after age 65. The award is contingent upon actual performance against goals during the months served. The award will be paid out at the normal payout date or earlier, at the
discretion of the Committee. 
 Death — If the participant dies, any unpaid awards will be paid to his or her estate in one lump
sum. The amount of the award will be prorated for the number of months of the year completed prior to the participant’s death. The award is contingent upon actual performance against goals during the months served. The award will be paid out at
the normal payout date or earlier, at the discretion of the Committee. 
 Termination for Reasons Other Than Retirement, Disability or
Death — In the event of termination of employment for any other reason, the participant will not be entitled to any incentive compensation for the Plan period subsequent to termination, unless otherwise approved by the Committee.

 Fisher Communications, Inc. Management Short Term Incentive Plan -2013 

 
  

 

 Amendment or Termination of the Plan — The Committee may terminate, amend or modify this
Plan at any time. 
 Other Considerations 
 Right of Assignment — No right or interest in the Plan is assignable or transferable, or subject to any lien, directly, by operation of law, or otherwise, including levy, garnishment,
attachment, pledge, or bankruptcy. 
 Right of Employment — Participation under this Plan does not guarantee any right to continued
employment; management reserves the right to dismiss participants. Participation in any one Plan period does not guarantee the participant the right to participation in any subsequent Plan period. 

Withholding for Taxes — Fisher Broadcasting has the right to deduct from all awards under this Plan any taxes required by law to be withheld
with respect to such payments. 

 Fisher Communications, Inc. Management Short Term Incentive Plan -2013 

 
  

 

 Corporate Matrix 

 

			
	 Corporate Performance

(EBITDA) as a % of
 Target
	  	Payout As a % 
of
Target
	80%	  	0%
	81%	  	1%
	82%	  	8%
	83%	  	10%
	84%	  	13%
	85%	  	15%
	86%	  	18%
	87%	  	23%
	88%	  	28%
	89%	  	33%
	90%	  	38%
	91%	  	43%
	92%	  	48%
	93%	  	53%
	94%	  	60%
	95%	  	68%
	96%	  	75%
	97%	  	83%
	98%	  	90%
	99%	  	98%
	100%	  	100%
	101%	  	105%
	102%	  	110%
	103%	  	115%
	104%	  	120%
	105%	  	125%
	106%	  	130%
	107%	  	135%
	108%	  	140%
	109%	  	145%
	110%	  	150%
	111%	  	155%
	112%	  	160%
	113%	  	165%
	114%	  	170%
	115%	  	175%
	116%	  	180%
	117%	  	185%
	118%	  	190%
	119%	  	195%
	120%	  	200%
	  
	  	  

 Fisher Communications, Inc. Management Short Term Incentive Plan -2013 

 
  

 

 Individual Matrix 

 

			
	 Corporate Performance

(EBITDA) as a % of
 Target
	  	 Pool Funding as

a % of Target

Pool

	< 80.00%	  	80%
	80.00%	  	80%
	85.00%	  	85%
	90.00%	  	90%
	95.00%	  	95%
	100.00%	  	100%
	105.00%	  	125%
	110.00%	  	150%
	115.00%	  	175%
	120.00%	  	200%

 Pool amount interpolated between levels shownEX-10.21

 Exhibit 10.21 
 FISHER COMMUNICATIONS, INC. 
 RESTRICTED STOCK UNIT AWARD NOTICE

 AMENDED AND RESTATED 2008 EQUITY INCENTIVE PLAN 

Fisher Communications, Inc. (the “Company”) hereby grants to Participant a Restricted Stock Unit Award (the “Award”).
The Award is subject to all the terms and conditions set forth in this Restricted Stock Unit Award Notice (the “Award Notice”) and in the Restricted Stock Unit Award Agreement and the Fisher Communications, Inc. Amended and Restated 2008
Equity Incentive Plan (the “Plan”), which are incorporated into the Award Notice in their entirety. 
  

			
	 Participant:
	  	 
		
	 Grant Date:
	  	                     , 
20    
		
	 Vesting Commencement Date:
	  	                     , 
20    
		
	 Number of Restricted Stock Units:
	  	 
		
	 Vesting Schedule:
	  	

 Additional Terms/Acknowledgement: The undersigned Participant acknowledges receipt of, and understands and agrees
to, the Award Notice, the Restricted Stock Unit Award Agreement and the Plan Summary for the Plan. Participant further acknowledges that as of the Grant Date, the Award Notice, the Restricted Stock Unit Award Agreement and the Plan set forth the
entire understanding between Participant and the Company regarding the Award and supersede all prior oral and written agreements on the subject. 
  

									
	FISHER COMMUNICATIONS, INC.	 		 	PARTICIPANT
					
		 		 		 	 	 	 
		 		 		 	 [Name]
	 	
	By:	 	 	 		 	Taxpayer ID:	 	 
					
	Its:	 	 	 		 	Address: 	 	 
					
		 		 		 		 	 

 Attachments: 

1. Restricted Stock Unit Award Agreement 

2. Plan Summary 

 FISHER COMMUNICATIONS, INC. 

AMENDED AND RESTATED 2008 EQUITY INCENTIVE PLAN 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 
 Pursuant to your Restricted Stock
Unit Award Notice (the “Award Notice”) and this Restricted Stock Unit Award Agreement (this “Agreement”), Fisher Communications, Inc. (the “Company”) has granted you a Restricted Stock Unit Award (the
“Award”) under its Amended and Restated 2008 Equity Incentive Plan (the “Plan”) for the number of Restricted Stock Units indicated in your Award Notice. Capitalized terms not explicitly defined in this Agreement but defined in
the Plan shall have the same definitions as in the Plan. 
 The details of the Award are as follows: 

 

	1.	Vesting 

 The Award will
vest according to the vesting schedule set forth in the Award Notice (the “Vesting Schedule”). One share of the Company’s Common Stock will be issuable for each Restricted Stock Unit that vests. Restricted Stock Units that have vested
and are no longer subject to forfeiture according to the Vesting Schedule are referred to herein as “Vested Units.” Restricted Stock Units that have not vested and remain subject to forfeiture under the Vesting Schedule are referred to
herein as “Unvested Units.” The Unvested Units will vest (and to the extent so vested cease to be Unvested Units remaining subject to forfeiture) in accordance with the Vesting Schedule (the Unvested and Vested Units are collectively
referred to herein as the “Units”). As soon as practicable, but in any event within 60 days, after Unvested Units become Vested Units, the Company will settle the Vested Units by issuing to you one share of the Company’s Common Stock
for each Vested Unit. The Award will terminate and the Unvested Units will be subject to forfeiture upon your Termination of Service as set forth in Section 2. 
  

	2.	Termination of Service; Change in Control 

  

	 	2.1	Termination of Service 

Except as provided in Section 2.2 below, upon your Termination of Service for any reason, any portion of the Award that has not
vested as provided in Section 1 will immediately terminate and all Unvested Units shall immediately be forfeited without payment of any further consideration to you. 

 

	 	2.2	Change in Control 

 In the
event of a Change in Control, the Award shall be subject to the terms of the Plan. 
  

	3.	Securities Law Compliance 

3.1 You represent and warrant that you (a) have been furnished with a copy of the prospectus for the Plan and all information
which you deem necessary to evaluate the merits and risks of receipt of the Award, (b) have had the opportunity to ask questions and receive answers concerning the information received about the Award and the Company, and (c) have been
given the opportunity to obtain any additional information you deem necessary to verify the accuracy of any information obtained concerning the Award and the Company. 

 3.2 You hereby agree that you will in no event sell or distribute all or any part of
the shares of the Company’s Common Stock that you receive pursuant to settlement of this Award (the “Shares”) unless (a) there is an effective registration statement under the Securities Act and applicable state securities laws
covering any such transaction involving the Shares or (b) the Company receives an opinion of your legal counsel (concurred in by legal counsel for the Company) stating that such transaction is exempt from registration or the Company otherwise
satisfies itself that such transaction is exempt from registration. You understand that the Company has no obligation to you to maintain any registration of the Shares with the Securities and Exchange Commission and has not represented to you that
it will so maintain registration of the Shares. 
 3.3 You confirm that you have been advised, prior to your receipt of
the Shares, that neither the offering of the Shares nor any offering materials have been reviewed by any administrator under the Securities Act or any other applicable securities act (the “Acts”) and that the Shares cannot be resold unless
they are registered under the Acts or unless an exemption from such registration is available. 
 3.4 You hereby agree to
indemnify the Company and hold it harmless from and against any loss, claim or liability, including attorneys’ fees or legal expenses, incurred by the Company as a result of any breach by you of, or any inaccuracy in, any representation,
warranty or statement made by you in this Agreement or the breach by you of any terms or conditions of this Agreement. 
  

	4.	Transfer Restrictions 

Units shall not be sold, transferred, assigned, encumbered, pledged or otherwise disposed of, whether voluntarily or by operation of law.

  

	5.	No Rights as Shareholder 

You shall not have voting or other rights as a shareholder of the Company with respect to the Units. 

 

	6.	Dividend Equivalent Rights 

In the event that the Company pays an ordinary cash dividend on its Common Stock and the dividend record date occurs before all of the
Restricted Stock Units subject to the Award have either been settled or terminated, the Company will credit the Award with a dollar amount equal to (a) the per share cash dividend paid by the Company on its Common Stock on the dividend payment
date, multiplied by (b) the total number of outstanding and unsettled Restricted Stock Units subject to the Award (including Unvested 

  
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Units) as of the dividend record date (a “Dividend Equivalent Right”). Any Dividend Equivalent Rights credited shall be subject to the same vesting, payment and other terms, conditions
and restrictions as the Restricted Stock Units to which they relate; provided, however, that the amount of any Dividend Equivalent Rights shall be paid in cash or in shares of the Company’s Common Stock (in either case, without interest), as
determined by the Committee in its sole discretion on or before the date such Dividend Equivalent Rights are paid. Any Dividend Equivalent Rights paid in the form of shares of the Company’s Common Stock will be calculated by dividing
(a) the amount of the Dividend Equivalent Rights by (b) the Fair Market Value of the Company’s Common Stock on the dividend payment date (rounded down to the nearest whole number of shares). 

 

	7.	Independent Tax Advice 

You acknowledge that determining the actual tax consequences to you of receiving or disposing of the Units and Shares may be complicated.
These tax consequences will depend, in part, on your specific situation and may also depend on the resolution of currently uncertain tax law and other variables not within the control of the Company. You are aware that you should consult a competent
and independent tax advisor for a full understanding of the specific tax consequences to you of receiving the Units and receiving or disposing of the Shares. Prior to executing the Award Notice, you either have consulted with a competent tax advisor
independent of the Company to obtain tax advice concerning the receipt of the Units and the receipt or disposition of the Shares in light of your specific situation or you have had the opportunity to consult with such a tax advisor but chose not to
do so. 
  

	8.	Book Entry Registration of the Shares 

 The Company will issue the Shares by registering the Shares in book entry form with the Company’s transfer agent in your name and the applicable restrictions will be noted in the records of the
Company’s transfer agent and in the book entry system. 
  

	9.	Withholding 

 9.1
You are ultimately responsible for all taxes owned in connection with this Award (e.g., at vesting and/or upon receipt of the Shares), including any domestic or foreign tax withholding obligation required by law, whether national, federal, state
or local, including FICA or any other social tax obligation (the “Tax Withholding Obligation”), regardless of any action the Company or any related corporation takes with respect to any such Tax Withholding Obligation that arises in
connection with this Award. The Company may refuse to issue any Shares to you until you satisfy the Tax Withholding Obligation. 

9.2 You may satisfy your Tax Withholding Obligation by (a) tendering a cash payment to the Company in an amount equal to the
Tax Withholding Obligation or (b) authorizing and directing the Company to withhold that number of shares of Common Stock otherwise issuable under the Award having a fair market value equal to the Tax Withholding Obligation (not to exceed the
Company’s minimum required tax withholding rate). 
 9.3 Notwithstanding the foregoing, by accepting this Agreement
and in order to satisfy your obligations set forth in Section 9.1, you understand and agree that you may be required to enter into a trading plan (which complies with the requirements of 

  
 -3-

 
Rule 10b5-1(c)(1)(i)(B) under the Exchange Act) with a brokerage firm acceptable to the Company for such purpose (the “Agent”), and to authorize the Agent, to: 

 

	 	(a)	sell on the open market at the then prevailing market price(s), on your behalf, on or as soon as practicable after the settlement date for any Vested Unit, the minimum
number of Shares (rounded up to the next whole number) sufficient to generate proceeds to cover the withholding taxes that you are required to pay pursuant to Section 9.1 upon the settlement of a Vested Unit and all applicable fees and
commissions due to, or required to be collected by, the Agent; and 

  

	 	(b)	remit any remaining funds to you. 

 9.4 Notwithstanding the foregoing, to the maximum extent permitted by law, the Company has the right to retain without notice from Shares issuable under the Award or from salary or other amounts
payable to you, Shares or cash having a value sufficient to satisfy the Tax Withholding Obligation. 
  

	10.	General Provisions 

10.1 Assignment. The Company may assign its rights under this Agreement at any time, whether or not such rights are then
exercisable, to any person or entity selected by the Company’s Board of Directors. 
 10.2 No Waiver. No waiver of
any provision of this Agreement will be valid unless in writing and signed by the person against whom such waiver is sought to be enforced, nor will failure to enforce any right hereunder constitute a continuing waiver of the same or a waiver of any
other right hereunder. 
 10.3 Undertaking. You hereby agree to take whatever additional action and execute whatever
additional documents the Company may deem necessary or advisable in order to carry out or effect one or more of the obligations or restrictions imposed on either you or the Units pursuant to the express provisions of this Agreement. 

10.4 Agreement Is Entire Contract. This Agreement, the Award Notice and the Plan constitute the entire contract between the
parties hereto with regard to the subject matter hereof. This Agreement is made pursuant to the provisions of the Plan and will in all respects be construed in conformity with the express terms and provisions of the Plan. 

10.5 Successors and Assigns. The provisions of this Agreement will inure to the benefit of, and be binding on, the Company and its
successors and assigns and you and your legal representatives, heirs, legatees, distributees, assigns and transferees by operation of law, whether or not any such person will have become a party to this Agreement and agreed in writing to join herein
and be bound by the terms and conditions hereof. 

  
 -4-

 10.6 No Employment or Service Contract. Nothing in this Agreement will affect in any
manner whatsoever the right or power of the Company, or a related corporation, to terminate your employment or services on behalf of the Company, for any reason, with or without Cause. 

10.7 Section 409A Compliance. Payments made pursuant to this Agreement and the Plan are intended to qualify for an exception
from or comply with Section 409A of the Code. Notwithstanding any other provision in the Plan or this Agreement to the contrary, the Plan Administrator reserves the right, but shall not be required to, unilaterally amend or modify the terms of
this Agreement and/or the Plan as it determines necessary or appropriate, in its sole discretion, to avoid the imposition of interest or penalties under Section 409A of the Code; provided, however, that the Company makes no representation that
that the Award shall be exempt from or comply with Section 409A of the Code and makes no undertaking to preclude Section 409A of the Code from applying to the Award. 
 10.8 Counterparts. This Agreement may be executed in two or more counterparts, each of which will be deemed an original, but which, upon execution, will constitute one and the same instrument.

 10.9 Governing Law. This Agreement will be construed and administered in accordance with and governed by the
laws of the State of Washington without giving effect to principles of conflicts of law. 

  
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