Fisher Communications, Inc. Compensation Committee Waiver Letter to David D. Hillard (May 3, 2004)

Summary

Fisher Communications, Inc., through its Compensation Committee, agrees to David D. Hillard's request to extend the period for exercising his stock options after his employment ends. Instead of the usual three-month limit, Mr. Hillard now has up to five years to exercise his options, as allowed under the company's incentive plans. This letter serves as formal confirmation of the waiver and the new time frame.

EX-10.2 3 dex102.htm COMPENSATION COMMITTEE LETER TO DAVID D. HILLARD DATED MAY 3, 2004 Compensation Committee leter to David D. Hillard dated May 3, 2004

Exhibit 10.2


				Fisher Communications, Inc
[Logo of Fisher Communications]				100 4th Avenue North, Suite 440
				Seattle, WA 98109
				Tel: (206) 404-6783
				Fax: (206) 404-6765
				www.fsci.com

				William W. Krippaehne Jr.
				President & CEO
				*@*

May 3, 2004

Mr. David D. Hillard

14125 105^th Avenue NE

Kirkland, WA 98034

Dear Dave,

This letter serves as follow up to your letter of April 19 addressed to James W. Cannon, as chairman of the Fisher Communications, Inc. Compensation Committee requesting a waiver of the three (3) month limitation on exercise of your stock options following termination of employment.

Please be advised by this letter that the Committee has agreed to your request to waive the three (3) month limitation of section 13(a) of the Incentive Plans and that such period shall now be consistent with the five (5)year period contained in Section13(b) of such Incentive Plans.

Sincerely,

/s/ William W. Krippaehne Jr.

Cc:	Robert Bateman

Laura Boyd