Promotion and Compensation Letter to Steven Chambers for President, Network Business Unit Position

Summary

This letter from ScanSoft confirms Steven Chambers' promotion to President of the Network Business Unit, effective April 1, 2004. It outlines his new compensation package, including a $250,000 annual base salary, a $12,000 annual car and parking allowance, and eligibility for a $50,000 annual target under the 2004 Sales Incentive Plan. The letter is signed by Dawn Fournier, Vice President of Human Resources, and serves as formal notification of the promotion and associated benefits.

EX-10.2 4 b51119ssexv10w2.txt LETTER, DATED MAY 23, 2003 STEVE CHAMBERS Exhibit 10.2 [LOGO SCANSOFT(R) PRODUCTIVITY WITHOUT BOUNDARIES(TM) May 23, 2003 Steven Chambers Dear Steve: I am pleased to confirm your promotion to the position of President, Network Business Unit. As a result of this promotion and the appointment by the Board of Directors to an Executive Officer of the Company, the Compensation Committee has approved the following compensation package effective April 1, 2004: PROMOTIONAL OFFER PACKAGE - ------------------------- o $250,000 Annual Base Salary o $12,000 Annual Car/Parking Allowance In addition to your base salary, you will be eligible to participate in the 2004 Sales Incentive Plan, which pays a target of $50,000 annually for achievement of plan targets. Steve, I look forward to your continued support, expertise, and enthusiasm as we advance our leadership position within the marketplace. Sincerely, /s/ Dawn Fournier Dawn Fournier Vice President Human Resources