2009 Salary Reduction Letter from Robert I. Dunlop to Fisher Communications
Robert I. Dunlop, an employee of Fisher Communications, voluntarily requests a 10% reduction in his base salary due to the company's challenging economic conditions. The letter, addressed to Colleen Brown and dated February 27, 2009, expresses Dunlop's intention to help reduce operating expenses and improve the company's cash flow. No specific time limit or additional conditions are mentioned in the letter.
Exhibit 10.3
[Fisher Letterhead]
| Date: | February 27, 2009 |
| To: | Colleen Brown |
| Fr: | Rob Dunlop |
| Re: | Salary Reduction |
Due to the declining economic conditions that have impacted Fisher, I wish to reduce my current base compensation by 10%. This is intended as a small contribution to reducing our 2009 operating expense and thereby assisting the company in improving cash flow.
Next week marks my 18th year with Fisher and I am grateful for the growth and support I have received from this company. I appreciate the opportunity to contribute to the success of the organization.
Please let me know if you have any questions.
