Document:

Change Of Control Severance Agreement - Qi Jian Dated April 1,2004

 Exhibit 10.15 
  
 CHANGE-OF-CONTROL 
 SEVERANCE AGREEMENT 
  
 This Agreement, dated as
of April 1, 2004, is made and entered into by and between AsiaInfo Holdings, Inc., a corporation organized under the laws of the State of Delaware with its principal place of business at Zhongdian Information Tower, No. 6 Zhongguancun South Street,
Beijing, People’s Republic of China (the “Company”), and Qi Jian, Vice President and General Manager for China Unicom Account of the Company (the “Executive”). 
  
 WHEREAS, the Company considers it essential to the best interests of its stockholders to foster the continuous employment of
key management personnel, and recognizes that, as is the case with many publicly held corporations, the possibility of a Change of Control (as defined below) may exist from time to time and that such possibility, and the uncertainty and questions
which it may raise among management, may result in the distraction or departure of management personnel to the detriment of the Company and its stockholders; and 
  
 WHEREAS, the Board of Directors of the Company has determined that appropriate steps should be taken to reinforce and
encourage the Executive’s continued attention and dedication to the Executive’s assigned duties without distraction in the face of potentially disturbing circumstances arising from the possibility of a Change of Control of the Company,
although no such change is presently known to be contemplated. 
  
 NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

  
 Section 1 
 DEFINITIONS 
  
 Except as may otherwise be specified or as the context may otherwise require, the following terms shall have the respective meanings set forth below
whenever used herein: 
  
 “Base Salary” shall mean the
annual base rate of regular compensation of the Executive immediately before a Change of Control, or if greater, the highest such rate at any time during the 12-month period immediately preceding the Change of Control. 
  
 “Board” shall mean the Board of Directors of the Company.

  
 “Business Combination” shall mean a merger,
consolidation, or sale of all or substantially all of the Company’s assets. 
  
 “Cause” shall mean (i) the willful and continued failure by the Executive substantially to perform his duties with the Employer (other than any such actual or anticipated failure after the issuance of a
Notice of Termination for Good Reason) or (ii) the willful engaging by the Executive in conduct which is demonstrably and materially injurious to the Employer, monetarily or otherwise. For purposes hereof, no act, or failure to act, on the
Executive’s part, shall be deemed “willful” unless done, or omitted to be done, by the Executive in the absence of good faith and without a reasonable belief that such act or omission was in the best interest of the Employer.

 “Change of Control” shall mean the first to occur, after the date hereof, of any of the
following: 
  
 (i) any Person (excluding the Company, any
employee benefit plan of the Company or a corporation controlled by the Company’s stockholders) is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the
Company (not including in the securities beneficially owned by such Person any securities acquired directly from the Company or its Subsidiaries) representing more than 45% of either the then outstanding shares of Stock of the Company or the
combined voting power of the Company’s then outstanding securities; 
  
 (ii) during any period of 12 consecutive months during the existence of this Agreement commencing on or after the date hereof, the individuals who, at the beginning of such period, constitute the Board (the
“Incumbent Directors”) cease to constitute at least a majority thereof because of a vote of the Company’s stockholders, provided that a director who was not a director at the beginning of such 12-month period shall be deemed to have
satisfied such 12-month requirement (and be an Incumbent Director) if such director was elected by, or on the recommendation of or with the approval of, at least two-thirds of the directors who then qualified as Incumbent Directors either actually
(because they were directors at the beginning of such 12-month period) or by prior operation of this clause (ii); 
  
 (iii) the consummation of a merger or consolidation of the Company with any other corporation other than (A) a merger or consolidation which would result
in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or any parent
thereof) at least 60% of the combined voting power of the voting securities of the Company or such surviving entity or any parent thereof outstanding immediately after such merger or consolidation, or (B) a merger or consolidation effected to
implement a recapitalization of the Company (or similar transaction) in which no Person is or becomes the beneficial owner, as defined in clause (i), directly or indirectly, of securities of the Company (not including in the securities beneficially
owned by such Person any securities acquired directly from the Company or its Subsidiaries) representing 45% or more of either the then outstanding shares of Stock of the Company or the combined voting power of the Company’s then outstanding
securities; 
  
 (iv) the stockholders of the Company or the Board
approve a plan of complete liquidation or dissolution of the Company; or 
  
 (v) there is consummated an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets, other than a sale or disposition by the Company of all or substantially all of
the Company’s assets to an entity, at least 60% of the combined voting power of the voting securities of which are owned by Persons in substantially the same proportion as their ownership of the Company immediately prior to such sale.

 Upon the occurrence of a Change of Control as provided above, no subsequent event or condition shall constitute a Change
of Control for purposes of this Agreement, with the result that there can be no more than one Change of Control hereunder. 
  
 “Code” shall mean the United States Internal Revenue Code of 1986, as amended. 
  
 “Company” shall mean, subject to Section 5.1(a), AsiaInfo Holdings, Inc., a corporation organized under the laws
of the State of Delaware. 
  
 “Covered Termination”
shall mean if, within the one-year period immediately following a Change of Control, the Executive (i) is terminated by the Employer without Cause (other than on account of death or Disability), or (ii) terminates his employment with the Employer
for Good Reason. The Executive shall not be deemed to have terminated his employment with the Employer for purposes of this Agreement merely because he ceases to be employed by the Employer and becomes employed by a new employer involved in the
Change of Control; provided that such new employer shall be bound by this Agreement as if it were the Employer hereunder with respect to the Executive. It is expressly understood that no Covered Termination shall be deemed to have occurred merely
because, upon the occurrence of a Change of Control, the Executive ceases to be employed by the Employer and does not become employed by a successor to the Employer after the Change of Control if the successor makes an offer to employ the Executive
on terms and conditions which, if imposed by the Employer, would not give the Executive a basis on which to terminate employment for Good Reason. 
  
 “Date of Termination” shall mean the date on which a Covered Termination occurs. 
  
 “Disability” shall mean the occurrence after a Change of Control of the incapacity of the Executive due to
physical or mental illness, whereby the Executive shall have been absent from the full-time performance of his duties with the Employer for six consecutive months. 
  
 “Employer” shall mean the Company (if and for so long as the Executive is employed thereby) and each Subsidiary
which may now or hereafter employ the Executive or, where the context so requires, the Company and such Subsidiaries collectively. A subsidiary which ceases to be, directly or indirectly, through one or more intermediaries, controlling, controlled
by or under common control with the Company prior to a Change of Control (other than in connection with and as an integral part of a series of transactions resulting in a Change of Control) shall, automatically and without any further action, cease
to be (or be part of) the Employer for purposes hereof. 
  
 “Exchange Act” shall mean the United States Securities Exchange Act of 1934, as amended. 
  
 “Good Reason” shall mean, without the express written consent of the Executive and except as a result of the Executive’s failure to satisfy
applicable performance criteria, the occurrence after a Change of Control of any of the following circumstances, unless such circumstances are fully corrected prior to the Date of Termination specified in the Notice of Termination given in respect
thereof: 
  
 (i) assignment to the Executive of any duties
inconsistent in any materially adverse or diminutive respect with his position, authority, duties or responsibilities from those in effect immediately prior to the Change of Control; 

 (ii) a reduction in the Executive’s Base Salary as in effect immediately before the Change of
Control, except for a reduction that applies in equal proportion to all employees of the Company; 
  
 (iii) a material reduction in the Executive’s aggregate compensation opportunity, including (A) the Executive’s Base Salary, (B) bonus
opportunity, if any, and (C) long-term or other incentive compensation opportunity, if any (taking into account, in the case of such bonus and incentive opportunities, without limitation, any target, minimum and maximum amounts payable and the
attainability and reasonability of any performance hurdles, goals and other measures);  
  
 “Notice of Termination” shall mean a notice given by the Employer or Executive, as applicable, which shall indicate the specific termination provision in this Agreement relied upon and shall set forth in
reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provisions so indicated. 
  

“Person” shall have the meaning ascribed thereto by Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and 14(d)
thereof (except that such term shall not include (i) the Company or any of its Subsidiaries, (ii) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its Subsidiaries, (iii) an underwriter
temporarily holding securities pursuant to an offering of such securities, (iv) a corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportion as their ownership of stock of the Company, or (v)
such Executive or any “group” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) which includes the Executive. 
  
 “Stock” shall mean the common stock, $.01 par value per share, of the Company. 
  
 “Stock Options” shall mean options issued by the Company to purchase Stock. 
  
 “Subsidiary” shall mean any entity, directly or indirectly, through
one or more intermediaries, controlled by the Company. 
  
 “Target Annual Bonus” shall mean the Executive’s annual bonus for the Employer’s fiscal year in which the Date of Termination occurs, which bonus would be paid or payable if the Executive and the Employer were to satisfy
all conditions to the Executive’s receiving the annual bonus at target (although not necessarily the maximum annual bonus); provided that such amount shall be annualized for any fiscal year consisting of less than 12 full months; and provided,
further, that, if at the time of a Change of Control it is substantially certain that a bonus at a level beyond target will be paid or payable for the fiscal year, then the bonus which is substantially certain to be paid or payable, rather than the
target bonus, shall be used for these purposes. 

 Section 2 
 BENEFITS ACCRUING UPON A COVERED TERMINATION 
  
 2.1 If a Covered Termination occurs, then the Executive shall be entitled hereunder to the following benefits, none of which shall be subject to tax equalization: 
  
 (a) any unpaid portion of the Executive’s Base Salary through the Date
of Termination; 
  
 (b) the product of (i) the Executive’s
Target Annual Bonus for the year in which the Date of Termination occurs (or, if higher, as in effect at the time of the Change of Control) and (ii) a fraction, the numerator of which is the number of days that have elapsed in the current fiscal
year through the Date of Termination, and the denominator of which is 365; 
  
 (c) an amount equal to the sum of (i) the Executive’s Base Salary for the year in which the Date of Termination occurs (or, if higher, as in effect at the time of the Change of Control) and (ii) the
Executive’s Target Annual Bonus for the year in which the Date of Termination occurs (or, if higher, as in effect at the time of the Change of Control); 
  
 (d) immediate vesting of 50% of any outstanding unvested Stock Options held by the Executive as of the Date of Termination; 
  
 (e) the right to exercise all vested Stock Options (including any Stock
Options that become vested pursuant to the foregoing clause 2.1 (d)) for a period of 18 months after the Date of Termination (notwithstanding anything to the contrary otherwise provided under the terms and conditions of such Stock Options);

  
 (f) for a period of one year after the Date of Termination,
the Employer shall arrange to make available to the Executive medical benefits that are at least at a level (and cost to the Company) that is substantially similar in the aggregate to the level of such benefits that was available to the Executive
immediately prior to the Change of Control; provided that (i) the Employer shall not be required to provide benefits under this Section 2.1(f) upon and after the Change of Control that are in excess of those provided to a majority of the executives
of similar status who are employed by the Employer from time to time upon and after the Change of Control, and (ii) no benefit otherwise to be made available to the Executive pursuant to this Section 2.1(f) shall be required to be made available to
the extent that substantially equivalent benefits are made available to the Executive by any subsequent employer of the Executive; and  
  
 (g) for a period of six months after the Date of Termination, the Employer shall continue to provide the Executive with any housing entitlement (including
any housing allowance and any contribution made by the Company towards any government or Company housing scheme) he was entitled to as of the Date of Termination (or, if higher, as in effect at the time of the Change of Control). 
  
 2.2 (a) The cash payments provided for in Section 2.1(a), (b) and (c) (except
as otherwise expressly provided therein, as provided in Section 2.2(b) or as otherwise expressly provided hereunder) shall be made as soon as practicable, but in no event later than 30 days, following the Date of Termination in the form of either
(i) a lump sum cash payment or (ii) at the Executive’s request, monthly payments over no more than a 12 month period, by check or wire transfer of immediately available funds. 

 (b) Notwithstanding any other provision of this Agreement to the contrary, no payment or benefit
otherwise provided for under or by virtue of the foregoing provisions of this Agreement shall be paid or otherwise made available unless and until the Employer shall have first received from the Executive (no later than 60 days after the Employer
has provided to the Executive estimates relating to the payments to be made under this Agreement) a valid, binding and irrevocable general release, in form and substance acceptable to the Employer in its discretion; provided that the Employer shall
be permitted to defer any payment or benefit otherwise provided for in this Agreement to the 15th day after its receipt of such release and time at which it has become valid, binding and irrevocable. The Employer may require that any such release
contain an agreement of the Executive to notify the Employer of any benefit made available by a subsequent employer as contemplated by clause (ii) of the proviso to Section 2.1(f). 
  
 2.3 For the avoidance of doubt, an Executive who is terminated for Cause shall not be entitled to any of the benefits and
compensation provided for in Section 2.1. 
  
 Section 3 

BENEFITS ACCRUING UPON A CHANGE OF CONTROL 
  
 3.1 In the event of a Change of Control and regardless of whether or not a Covered Termination occurs, if the Change of Control is not effected by a
Business Combination whereby the successor corporation assumes all of the Executive’s outstanding Stock Options or replaces such Stock Options with options or similar incentives with a substantially equivalent economic value, the Executive
shall be entitled to immediate vesting of 50% of any outstanding unvested Stock Options held by the Executive as of the date of such Change of Control. Such newly vested Stock Options shall become exercisable on the date of such Change of Control
and shall remain exercisable thereafter in accordance with their respective terms. 
  
 Section 4 
 TAX PROVISIONS 
  
 4.1 If all, or any portion, of the payments and benefits (as determined by the Company) provided under this Agreement, if
any, either alone or together with other payments and benefits which the Executive receives or is entitled to receive from the Company or its affiliates, would constitute an excess “parachute payment” within the meaning of Section 280G of
the Code (whether or not under an existing plan, arrangement or other agreement) (each such parachute payment, a “Parachute Payment”), and would result in the imposition on the Executive of an excise tax under Section 4999 of the Code,
then such payments and benefits shall be subject to reduction by the Company if and to the extent necessary to prevent any part of such payments and benefits from constituting an excess “parachute payment”. 
  
 4.2 The Executive shall be responsible for any income taxes on all payments
or benefits provided for by this Agreement and the Company shall be entitled to withhold any amounts required by law. 

 Section 5 
 MISCELLANEOUS 
  
 5.1 (a) The
Company shall require any successor entity in any Business Combination expressly to assume and agree to perform the Company’s obligations under the terms of this Agreement in the same manner and to the same extent that the Company and its
affiliates would be required to perform it if no such succession had taken place (provided that such a requirement to perform which arises by operation of law shall be deemed to satisfy the requirements for such an express assumption and agreement),
and in such event the Company (as constituted prior to such succession) shall have no further obligation under or with respect to this Agreement. Failure of the Company to obtain such assumption and agreement with respect to the Executive prior to
the effectiveness of any such succession shall be a breach of the terms of this Agreement with respect to the Executive and shall entitle the Executive to compensation from the Employer (as constituted prior to such succession) in the same amount
and on the same terms as the Executive would be entitled to hereunder were the Executive’s employment terminated for Good Reason following a Change of Control, except that for purposes of implementing the foregoing, the date on which any such
succession becomes effective shall be deemed the Date of Termination. As used in this Agreement, “Company” shall mean the Company as hereinbefore defined and any successor to its business or assets as aforesaid which assumes and agrees (or
is otherwise required) to perform this Agreement. Nothing in this Section 5.1(a) shall be deemed to cause any event or condition which would otherwise constitute a Change of Control not to constitute a Change of Control. 
  
 (b) Notwithstanding Section 5.1(a), the Company shall remain liable to the
Executive upon a Covered Termination after a Change of Control if (i) the Executive is not offered continuing employment by a successor to the Employer or (ii) the Executive declines such an offer and the Executive’s resulting termination of
employment otherwise constitutes a Covered Termination hereunder. 
  
 (c) This Agreement, and the Executive’s and the Company’s rights and obligations hereunder may not be assigned by the Executive or, except as provided in Section 5.1(a), the Company, respectively; any purported assignment by the
Executive or the Company in violation hereof shall be null and void. 
  
 (d) The terms of this Agreement shall inure to the benefit of and be enforceable by the personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees of the Executive. If the Executive
shall die while an amount would still be payable to the Executive hereunder if he had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s
devisee, legatee or other designee or, if there is no such designee, the Executive’s estate. 
  
 5.2 Except as expressly provided in Section 2.1, the Executive shall not be required to mitigate damages or the amount of any payment provided for under
this Agreement by seeking other employment or otherwise, nor will any payments or benefits hereunder be subject to offset in the event the Executive does mitigate. 
  
 5.3 The Employer shall reimburse all legal fees and related expenses incurred by the Executive in seeking to obtain or
enforce any right or benefit provided by this 

 Agreement. The Company shall make advances to the Executive with respect to such fees and expenses at the request of the
Executive. Such payments are to be made within five days after the Executive’s request for payment accompanied with such evidence of fees and expenses incurred as the Employer reasonably may require; provided that if the Executive institutes a
proceeding and the judge or other decision-maker presiding over the proceeding affirmatively finds that the Executive has failed to prevail substantially, the Executive shall pay his own costs and expenses (and, if applicable, return any amounts
theretofore paid on the Executive’s behalf under this Section 5.3). 
  
 5.4 (a) The Executive may file a claim for benefits under this Agreement by written communication to the Board. A claim is not considered filed until such communication is actually received by the Board. Within 90
days (or, if special circumstances require an extension of time for processing, 180 days, in which case notice of such special circumstances shall be provided within the initial 90-day period) after the filing of the claim, the Board shall:

  
 (i) approve the claim and take appropriate steps for
satisfaction of the claim; or 
  
 (ii) if the claim is wholly or
partially denied, advise the Executive of such denial by furnishing to him or his a written notice of such denial setting forth (A) the specific reason or reasons for the denial; (B) specific reference to pertinent provisions of this Agreement on
which the denial is based and, if the denial is based in whole or in part on any rule of construction or interpretation adopted by the Board, a reference to such rule, a copy of which shall be provided to the Executive; (C) a description of any
additional material or information necessary for the Executive to perfect the claim and an explanation of the reasons why such material or information is necessary; and (D) a reference to this Section 5.4. 
  
 5.5 For the purposes of this Agreement, notice and all other communications
provided for in this Agreement shall be in writing and shall be deemed to have been duly given when hand delivered or mailed by United States certified or registered express mail, return receipt requested, postage prepaid, if to the Executive,
addressed to the Executive at his respective address on file with the Secretary of the Company; if to the Company, addressed to AsiaInfo Holdings, Inc., Zhongdian Information Tower, No.6 Zhongguancun South Street, Beijing, People’s Republic of
China, and directed to the attention of its Legal Department; if to the Board, addressed to the Board of Directors, c/o AsiaInfo Holdings, Inc., Zhongdian Information Tower, No.6 Zhongguancun South Street, Beijing, People’s Republic of China,
and directed to the Company’s Legal Department; or to such other address as any party may have furnished to the others in writing in accordance herewith, except that notice of change of address shall be effective only upon receipt. 

 
 5.6 Unless otherwise determined by the Employer in an applicable plan or
arrangement, no amounts payable hereunder upon a Covered Termination shall be deemed salary or compensation for the purpose of computing benefits under any employee benefit plan or other arrangement of the Employer for the benefit of its employees
unless the Employer shall determine otherwise. 

 5.7 This Agreement is the exclusive arrangement with the Executive applicable to payments and benefits in
connection with a Change of Control of the Company (whether or not a Change of Control), and supersedes any prior arrangements involving the Company or its predecessors or affiliates relating to changes in control (whether or not Changes in
Control). This Agreement shall not limit any right of the Executive to receive any payments or benefits under an employee benefit or executive compensation plan of the Employer, initially adopted as of or after the date hereof, which are expressly
contingent thereunder upon the occurrence of a Change of Control (including, but not limited to, the acceleration of any rights or benefits thereunder). 
  
 5.8 Any payments hereunder shall be made out of the general assets of the Employer. The Executive shall have the status of general unsecured creditor of
the Employer, and this Agreement constitutes a mere promise by the Employer to make payments under this Agreement in the future as and to the extent provided herein. 
  
 5.9 Nothing in this Agreement shall confer on the Executive any right to continue in the employ of the Employer or interfere
in any way (other than by virtue of requiring payments or benefits as may expressly be provided herein) with the right of the Employer to terminate the Executive’s employment at any time. 
  
 5.10 Any controversy or claim arising out of or relating to this Agreement or
the breach of this Agreement that is not resolved by the Employer and the Executive shall be submitted to arbitration in the Hong Kong Special Administrative Region or the City of Beijing in the People’s Republic of China, in accordance with
Delaware law and the procedures of UNCITRAL. The determination of the arbitrator(s) shall be conclusive and binding on the Employer and Executive and judgment may be entered on the arbitrator(s)’ award in any court having jurisdiction.

  
 5.11 This Agreement may be amended, superseded, canceled,
renewed or extended, and the terms hereof may be waived, only by a written instrument signed by the parties hereto or, in the case of a waiver, by the party waiving compliance. No delay on the part of any party in exercising any right, power or
privilege hereunder shall operate as a waiver thereof, nor shall any waiver on the part of any party of any such right, power or privilege nor any single or partial exercise of any such right, power or privilege, preclude any other or further
exercise thereof or the exercise of any other such right, power or privilege. 
  
 5.12 This Agreement shall become effective on the date first above written and shall have an initial term of two years (the “Initial Term”). Following the Initial Term, this Agreement shall remain in full
force and effect unless and until terminated by the Board upon six months’ prior written notice to the Executive delivered after the Initial Term.  
  

5.13 The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of
this Agreement which shall remain in full force and effect. 
  
 5.14 The use of captions in this Agreement is for convenience. The captions are not intended to and do not provide substantive rights. 
  
 5.15 THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF DELAWARE . 

 IN WITNESS WHEREOF, the parties hereto have signed their names, effective as of the date first above
written. 
  

			
	 ASIAINFO HOLDINGS, INC.

		
	 By:
	 	 /S/    XINGSHENG
ZHANG        

	 	 	Name: Xingsheng Zhang
	 	 	Title: President and Chief Executive Officer

  

	
	
	 /S/    QI JIAN
        

	Qi JianEmployment Separation Agreement with Mark Weed dated November 2003

 Exhibit 10.1 
  
 EMPLQYMENT SEPARATION AGREEMENT 
  
 This is an agreement between you, Mark A. Weed, and us, Fisher Communications, Inc. (“the
Company”). This Agreement is dated for reference purposes November     , 2003, which is the date we delivered it to you for your consideration. 
  

	1)	Separation Agreement. Your employment by the Company is terminated effective December 18th, 2003 (the “Separation Date”), due to elimination of your position. 

  

	2)	Compensation. You will be paid your regular salary, less authorized deductions and withholdings, through the Separation Date, and you will be paid for any accrued, unused
vacation in your final paycheck. 

  

	3)	Severance Payment. The Company will provide you an additional severance payment equal to eighteen (18) months of base salary, in the gross amount of $321,000, less authorized
deductions and withholdings, payable $160,500 as provided below in this Paragraph 3 and the remaining $160,500 on January 5 , 2004 (each payment less authorized deductions and withholdings). To be eligible for this payment, you n u t continue
to perform your duties in a satisfactory manner until your scheduled Separation Date. The first payment will be made to you following the later of: (1) the expiration of the revocation period set forth at Paragraph 12, or (2) your Separation Date.
You understand and agree that this payment to which you would not otherwise be entitled is provided as consideration, and in exchange for, your agreement to the release and other terns of this Agreement. 

  
 If you accept a position with another Fisher Communications affiliate or
subsidiary so as to effectively maintain continuous employment, you will not be entitled to any severance payment. In the event that you are separated from the Company and subsequently rehired by any Fisher Communications affiliate or subsidiary,
you agree to repay that portion of any severance payment otherwise attributable to the period following your re-employment, calculated on a weekly basis. (For example, if you received a severance payment equal to eight (8) weeks’ salary and
were rehired four (4) weeks after your Separation Date, you agree to repay four (4) weeks of the severance payment. If you received a severance payment equal to four (4) weeks’ salary, and were rehired five (5) weeks after your Separation Date,
you do not have any repayment obligation.) A repayment schedule by payroll deduction or lump sum can be negotiated with re-employment. 
  

	4)	Employee Benefit Plans. You, your spouse and your dependents 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. You will be required to make timely payment of the premiums. 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 

	5)	SERP. You will become vested in the Termination Benefit under the Company’s Supplemental Pension Plan (the “SERP”) on the Separation Date. Your Termination
Benefit under the SERP is payable to you as a monthly annuity commencing at age sixty-five (65). The Company may, in its sole discretion, pay the Termination Benefit to you as a reduced annuity commencing prior to age sixty-five (65) or as a lump
sum equal to the present value of your accrued benefit. 

  
 FICA taxes will be due and payable on the present value of your Termination Benefit as of the Separation Date. We intend to withhold the employee portion of such FICA taxes first from your accrued vacation pay that will be included in your
final paycheck and then, if necessary, from your severance payment. 
  

	6)	Stock Options. The Company has previously granted to you options to purchase an aggregate of thirty-five thousand and ten (35,010) shares of the Company’s common stock
(the “Stock Options”). As of the Separation Date, Stock Options to acquire twenty-three thousand three hundred and thirty (23,330) shares will be vested and fully exercisable. On the Separation Date, all Stock Options that have not
previously vested will expire other than the unvested options to purchase four thousand (4,000) shares of common stock granted to you on April 25, 2002 at an exercise price of $47.75 per share, which options shall be deemed vested upon the
Separation Date. You will have three (3) months following the Separation Date to exercise your vested Stock Options, unless they expire earlier in accordance with their terms. 

  

	7)	References. Upon your request, the Company will provide a mutually acceptable general letter of reference to future potential employers. Requests for such letter should be
directed to the Vice President Human Resources. 

  

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

  

	 	a.	On behalf of yourself and anyone claiming through you, you irrevocably and unconditionally release, acquit and forever discharge the Company and/or its subsidiaries, affiliates,
divisions, predecessors, successors and assigns, as well as each’s past and present officers, directors, employees, shareholders, trustees, joint venturers, partners, agents, and anyone claiming through them (hereinafter “Releasees”
collectively), in each’s individual and/or corporate capacities, from any a i d 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. Said claims include, but are not limited to: (1) employment discrimination (including claims of sex discrimination and/or sexual harassment) and retaliation
under Title VII (42 U.S.C.A. 2000e, etc.) and under 42 U.S.C.A. section 1981 and section 1983, age discrimination under the Age Discrimination in Employment Act (29 U.S.C.A. sections 62 1-634) as amended, under the Washington Constitution, and/or
any other relevant state statutes or municipal ordinances (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 

 (2) disputed wages; (3) wrongful discharge and/or breach of any alleged employment contract; (4) claims
based on any tort, such as invasion of privacy, defamation, fraud and infliction of emotional distress; and ( 5 ) claims based on any obligation of the Company under the letter agreement between you and the Company, dated October 28, 2002.

  

	 	b.	The Releasees 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 out of or relating to your employment with the Company and/or the termination of your employment with the Company. Said claims include, but are not limited to: (1) disputed wages; (2) breach of any
alleged employment contract; (3) claims based on any tort, such as invasion of privacy, defamation, fraud and infliction of emotional distress; and (4) claims based on any obligation under the letter agreement between you and the Company, dated
October 28, 2002. 

  

	 	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 party bringing such claim will bear all legal fees and costs,
including those of the other party. 

  

	 	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 settlement. 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. 

  

	9)	Return of Property. You represent and warrant that you will return all keys, credit cards, documents, equipment and other material that belongs to the Company on or before
your Separation Date. 

  

	10)	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 

  

 3 

 critical to the success of the Company and that the disclosure or use o f 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 condition, including the recovery of damages from you. This promise is intended to and will apply in the broadest sense 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 and shall include specifically, without limiting the generality of this Paragraph 10, information
pertaining to Fisher Plaza; provided, that notwithstanding anything in this Paragraph 10 to the contrary, the term Proprietary Information shall not include information relating to the customer accounts and contracts, customer files, marketing
materials and other information transferred to or related to Seller Contracts or Acquired Assets transferred to Egis Real Estate Services, LLC on closing of the definitive agreement between the Company and Egis Real Estate services, LLC. You and the
Company further agree to keep the terms of this Agreement confidential. Except as otherwise required by law, you and the Company may not disclose to any third party any o f the terms of this Agreement, except your spouse, legal counsel, accountants,
potential investors, lending institutions and tax advisors, all of whom shall be bound by this confidentiality provision. You and the Company represent and warrant that they have not acted inconsistently with the terms of this section. 

 

	11)	Mutual Nondisparagement. You agree that you will not disparage, criticize or otherwise malign tlie reputation of the Company or its affiliates or any of their officers,
directors or employees. The Company, including its officers and directors, agrees that it will not disparage, criticize or otherwise prejudice your reputation. 

  

	12)	Consideration and Revocation Periods. You agree that you have been advised to consult legal counsel and that you have up to forty-five (45) calendar days to consider this
Agreement and you may use as much or as little of that time as you wish. You also have seven (7) calendar days following your execution of this Agreement to revoke it. You must 

  

 4 

 make any such revocation in writing to the Vice President Human Resources. This Agreement shall not
become effective or enforceable until the revocation period has expired. 
  

	13)	Arbitration of Claims. Any claim related to your employment by or termination from the Company, or for breach or for enforcement of any provision of this Agreement shall be
subject to binding arbitration through and according to the applicable rules of the then- current National Rules for the Resolution of Employment Disputes of the American Arbitration Association (“AAA”), or such other mutually agreeable
arbitrator as the parties may select. The arbitrator shall be bound by and shall follow Washington law and evidentiary rules. The decision of the arbitrator shall be final and conclusive, and the parties waive the right to a new trial or appeal,
excepting only for the purpose of enforcing the arbitrator’s decision. The substantially prevailing party will be entitled to recover reasonable attorneys’ fees and costs of bringing or defending the arbitration and any action for
enforcement, the amount of the awards to be determined by the arbitrator and the court. 

  

	14)	Disputes. 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.
Jurisdiction and venue shall be exclusively in state and federal courts iii King County, Washington. 

  

	15)	Assignments. 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. 

  

	16)	Contingency. This Agreement is contingent on the closing of the Asset Purchase Agreement between Fisher Properties, Inc. and Egis Real Estate Services, LLC.

  

	17)	Complete Agreement. This Agreement is the filial and complete expression of all agreements between us on all subjects, and supersedes 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. 

  

									
	 AGREED BY Fisher Communications, Inc.:
	 	 	 	 AGREED BY EMPLOYEE:

			
	 /s/    William W. Krippaehne Jr.

	 	 	 	 /s/    Mark A. Weed

	 William W. Krippaehne Jr.
 President
& CEO
	 	 	 	Mark A. Weed
			
	 Date: 12.18.03
	 	 	 	 Date: 12/09/03

  

 5

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