2009 Salary Reduction Letter from Joseph L. Lovejoy to Fisher Communications
Contract Categories:
Human Resources
›
Compensation Agreements
Summary
Joseph L. Lovejoy voluntarily agrees to reduce his 2009 salary by 5%, effective January 1, 2009, as a personal contribution to Fisher Communications' cost-reduction efforts during a challenging economic period. The letter is addressed to Colleen Brown and expresses appreciation for her support.
EX-10.2 3 dex102.htm 2009 SALARY REDUCTION LETTER FROM JOSEPH L. LOVEJOY, DATED MARCH 9, 2009 2009 Salary Reduction Letter from Joseph L. Lovejoy, dated March 9, 2009
Exhibit 10.2
[Fisher Letterhead]
Date: | March 9, 2009 |
To: | Colleen Brown |
From: | Joe Lovejoy |
Re: | 2009 Salary Adjustment |
Given the current, troubling economic environment and its impact on Fisher, I would like to make a personal contribution to Fishers continuing efforts to reduce costs. Accordingly, I would like to voluntarily reduce my 2009 salary by 5%, effective January 1, 2009.
I have appreciated your continuing support of my career at Fisher and feel this decision is the right one for these times.