Document:

Exhibit 10.11

SRS
LABS, INC.

2006 STOCK INCENTIVE PLAN

Restricted Share Unit Award
Agreement

You are hereby awarded
Restricted Share Units (the “RSUs”) subject to the terms and conditions
set forth in this Restricted Share Unit Award Agreement (“Award Agreement”),
and in the SRS Labs, Inc. 2006 Stock Incentive Plan (the “Plan”), which
is attached as Exhibit A.  You
should carefully review these documents, and consult with your personal
financial advisor, in order to fully understand the implications of this Award
Agreement, including your tax alternatives and their consequences.

By executing this Award
Agreement, you agree to be bound by all of the Plan’s terms and conditions as
if they had been set out verbatim below. 
In addition, you recognize and agree that all determinations,
interpretations, or other actions respecting the Plan and this Award Agreement
will be made by the Board of Directors (the “Board”) of SRS Labs, Inc.
(the “Company”), or any Committee appointed by the Board to administer
the Plan, and shall (in the absence of manifest bad faith or fraud) be final,
conclusive and binding upon all parties, including you, your heirs and
representatives.  Capitalized terms are
defined in the Plan or in this Award Agreement.

1.             Specific Terms. 
Your RSUs have the following terms:

	
  Name of Participant

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Number of

  Restricted Share

  Units Subject to

  Award

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Purchase Price per

  Share (if applicable)

  	
   

  	
  Not applicable.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Award Date

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Vesting

  	
   

  	
  Vesting Date

  	
   

  	
  Amount of Shares

  Vested on Vesting Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

	
  Deferral Elections

  	
   

  	
  o Allowed
  in accordance with Section 8(g) of the Plan, with the above vesting schedule
  to apply to the Deferred Share Units (“DSUs”) that are credited (but with
  100% vesting for DSUs that are attributable to dividends on the underlying
  Shares. o Not allowed.

  

 

2.             Accelerated
Vesting; Change in Corporate Control.  To the extent you have not previously vested
in your rights with respect to this Award, your Award will become
–

o                        %
vested if your Continuous Service ends due to your death or “disability” within
the meaning of Section 409A of the Code;

o                        %
vested if your Continuous Service ends due to your retirement at or after you
have attained the age of        and completed at
least        full years of Continuous Service;

o                        %
if your Continuous Service ends due to an Involuntary Termination that occurs
within the twelve months following a Change in Control.

3.             Termination of Continuous Service.  This Award shall be canceled and become
automatically null and void immediately after termination of your Continuous
Service for any reason, but only to the extent you have not become vested,
pursuant to the foregoing terms, on or at the time your Continuous Service
ends.

4.             Satisfaction of Vesting Restrictions.  No Shares will be issued before you complete
the requirements that are necessary for you to vest in the Shares underlying
your RSUs.  As soon as practicable after
the later of (i) the date on which your RSUs vest in whole or in part or (ii)
the distribution date or dates set forth in your deferral election, the Company
will issue to you or your duly-authorized transferee, free from vesting
restrictions (but subject to such legends as the Company determines to be
appropriate), one Share for each vested RSU or DSU, as the case may be.  Fractional shares will not be issued, and
cash will be paid in lieu thereof.  Certificates
shall not be delivered to you unless you have made arrangements satisfactory to
the Committee to satisfy tax-withholding obligations.

5.             Investment Purposes. By executing this Award, you
represent and warrant to the Company that any Shares issued to you pursuant to
your RSUs will be for investment for your own account and not with a view to,
for resale in connection with, or with an intent of participating directly or
indirectly in, any distribution of such Shares within the meaning of the
Securities Act of 1933, as amended.

6.             Dividends.  When
Shares are issued to you or your duly-authorized transferee pursuant to the
vesting of the Shares underlying your Restricted Share Units, you or your
duly-authorized transferee shall also be entitled to receive, with respect to
each Share issued, a number of Shares equal to the sum of (i) any stock
dividends, which were declared and paid to the holders of Shares between the
Grant Date and the date such Share is issued, and (ii) a number of Shares equal
to the Shares that the Participant could have purchased at Fair Market Value on
the payment date of any cash dividends for Shares if the Participant had
received such cash dividends between its Grant Date and its settlement
date.  To the extent that your Continuous
Service ends before vesting of the shares, you will forfeit all dividends
(whether paid in cash or in stock) attributable to all such shares.

7.             Section 83(b) Election Notice.  If you would like to make an election under
Section 83(b) of the Internal Revenue Code of 1986, as amended, with respect to
the Shares underlying your RSUs (a “Section 83(b) Election”), you must provide
the Company with a written notice of your intention

 2
 

to
make such an election within 10 days after your receipt of this Award.  After receiving written notice of your
intention to make a Section 83(b) Election, the Committee may in its discretion
convert your RSUs into Restricted Shares, on a one-for-one basis, in full
satisfaction of this Award Agreement. Within 30 days following the issuance of
Restricted Shares pursuant to such conversion, you may then make a Section
83(b) Election with respect to those Restricted Shares.  Exhibit B contains a suggested form of
Section 83(b) Election. Upon making a Section 83(b) Election with respect to
the those Restricted Shares, you agree to provide the Company with a copy of
that Section 83(b) Election. Any Restricted Shares issued to you pursuant to
this Section shall (i) bear such legends as the Company determines to be
appropriate until all vesting restrictions lapse and certificates are issued to
you pursuant to Section 4 of this Award and (ii) not be eligible for deferral
pursuant to Section 1 above.

8.             Designation of Beneficiary.  Notwithstanding anything to the contrary
contained herein or in the Plan, following the execution of this Award
Agreement, you may expressly designate a beneficiary (the “Beneficiary”)
to your interest, if any, in the this Award and any underlying Shares.  You shall designate the Beneficiary by
completing and executing a designation of beneficiary agreement substantially
in the form attached hereto as Exhibit C (the “Designation of
Beneficiary”) and delivering an executed copy of the Designation of
Beneficiary to the Company.

9.             Restrictions on Transfer of Award. Your rights under this
Award Agreement may not be sold, pledged, or otherwise transferred without the
prior written consent of the Committee.

10.           Conditions
on Issuance of Shares; Transfer Restrictions.  Notwithstanding any other provision of the
Plan or of this Award Agreement: (i) the Committee may condition your receipt
of Shares on your execution of a shareholder agreement imposing terms  generally applicable to other
similarly-situated employee-shareholders; and (ii) any Shares issued pursuant
to this Award Agreement shall be non-transferable until the first day of the
seventh month following the termination of your Continuous Service.

11.           Income
Taxes and Deferred Compensation. 
You are solely responsible and liable for the satisfaction of all taxes
and penalties that may arise in connection with this Award (including any taxes
arising under Section 409A of the Code), and the Company shall not have any
obligation to indemnify or otherwise hold you harmless from any or all of such
taxes.  The Committee has the discretion
to unilaterally modify this Award in a manner that (i) conforms with the
requirements of Section 409A of the Code, (ii) that voids any election of yours
to the extent it would violate Section 409A of the Code, and (iii) for any
distribution election that would violate Section 409A of the Code, to make
distributions pursuant to the Award at the earliest to occur of a distribution
event that is allowable under Section 409A of the Code or any distribution
event that is both allowable under Section 409A of the Code and is elected by
you, subject to any valid second election to defer, provided that the Committee
permits second elections to defer in accordance with Section
409A(a)(4)(C).  The Committee shall have
the sole discretion to interpret the requirements of the Code, including
Section 409A, for purposes of the Plan and this Award Agreement.

12.           Notices.  Any notice or communication required or
permitted by any provision of this Award Agreement to be given to you shall be
in writing and shall be delivered electronically,  personally, or sent by certified mail, return
receipt requested, addressed to you at the last address

 3
 

that
the Company had for you on its records. 
Each party may, from time to time, by notice to the other party hereto,
specify a new address for delivery of notices relating to this Award Agreement.  Any such notice shall be deemed to be given
as of the date such notice is personally delivered or properly mailed.

13.           Binding
Effect.  Except as
otherwise provided in this Award Agreement or in the Plan, every covenant,
term, and provision of this Award Agreement shall be binding upon and inure to
the benefit of the parties hereto and their respective heirs, legatees, legal
representatives, successors, transferees, and assigns.

14.           Modifications.  This Award Agreement may be modified or
amended at any time, in accordance with Section 15 of the Plan and provided
that you must consent in writing to any modification that adversely or
materially affects your rights or obligations under this Award Agreement (with
such an effect being presumed to arise from a modification that would trigger a
violation of Section 409A of the Code).

15.           Headings.  Section and other headings contained in this
Award Agreement are for reference purposes only and are not intended to
describe, interpret, define or limit the scope or intent of this Award
Agreement or any provision hereof.

16.           Severability.  Every provision of this Award Agreement and
of the Plan is intended to be severable. 
If any term hereof is illegal or invalid for any reason, such illegality
or invalidity shall not affect the validity or legality of the remaining terms
of this Award Agreement.

17.           Counterparts.  This Award Agreement may be executed by the
parties hereto in separate counterparts, each of which when so executed and
delivered shall be an original, but all such counterparts shall together
constitute one and the same instrument.

18.           Plan
Governs.  By signing this
Award Agreement, you acknowledge that you have received a copy of the Plan and
that your Award Agreement is subject to all the provisions contained in the
Plan, the provisions of which are made a part of this Award Agreement and your
Award is subject to all interpretations, amendments, rules and regulations
which from time to time may be promulgated and adopted pursuant to the Plan.  In the event of a conflict between the
provisions of this Award Agreement and those of the Plan, the provisions of the
Plan shall control.

19.           Not
a Contract of Employment. 
By executing this Award Agreement you acknowledge and agree that (i) any
person who is terminated before full vesting of an award, such as the one
granted to you by this Award, could claim that he or she was terminated to
preclude vesting; (ii) you promise never to make such a claim; (iii) nothing in
this Award Agreement or the Plan confers on you any right to continue an
employment, service or consulting relationship with the Company, nor shall it
affect in any way your right or the rights of the Company, to terminate your
employment, service, or consulting relationship at any time, with or without
Cause; and (iv) the Company would not have granted this Award to you but for
these acknowledgements and agreements.

20.           Governing
Law.  The laws of the
State of Delaware shall govern the validity of this Award Agreement, the
construction of its terms, and the interpretation of the rights and duties of
the parties hereto.

 4
 

BY YOUR SIGNATURE BELOW, along with the signature of the Company’s
representative, you and the Company agree that the RSUs hereby awarded under
and governed by the terms and conditions of this Award Agreement and the Plan.

	
   

  	
   

  	
  SRS LABS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  PARTICIPANT

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  The undersigned Participant hereby accepts the terms
  of this Award and the Plan.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name of Participant:

  	
   

  	
   

  
									

 5

EXHIBIT A

SRS LABS, INC.

2006 STOCK INCENTIVE PLAN

Plan
Document

EXHIBIT B

SRS LABS, INC.

2006 STOCK INCENTIVE PLAN

Section
83(b) Election Form

Attached is an
Internal Revenue Code Section 83(b) Election Form.  IF YOU WISH TO MAKE A
SECTION 83(B) ELECTION, YOU MUST  MAKE
YOUR ELECTION WITHIN 30 DAYS
FOLLOWING THE ISSUANCE OF THE RESTRICTED SHARES COVERED BY THE ELECTION. 
In order to make the election, you must completely fill out the attached form
and file one copy with the Internal Revenue Service office where you file your
tax return.  In addition, one copy of the
statement also must be submitted with your income tax return for the taxable
year in which you make this election. 
Finally, you also must submit a copy of the election form to the Company
within 10 days after filing that election with the Internal Revenue
Service.  A Section 83(b) election
normally cannot be revoked.

SRS LABS, INC.

2006 STOCK INCENTIVE PLAN

Election to Include Value of Restricted Shares in
Gross Income

in Year of Transfer Under Internal Revenue Code Section 83(b)

Pursuant
to Section 83(b) of the Internal Revenue Code, I hereby elect within 30 days
after receiving the property described herein to be taxed immediately on its
value specified in item 5 below.

1.                                       My
General Information:

	
   

  	
  Name:

  	
   

  	
   

  	
   

  
	
   

  	
  Address:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  S.S.N.

  	
   

  	
   

  	
   

  
	
   

  	
  or T.I.N.:

  	
   

  	
   

  	
   

  
						

 

2.                                       Description
of the property with respect to which I am making this election:

                                          
shares of                      
stock of SRS Labs, Inc. (the “Restricted Shares”).

3.                                   The Restricted Shares
were transferred to me on                         
            , 20     .  This election relates to the 20       
calendar taxable year.

4.                                   The Restricted Shares
are subject to the following restrictions:

The Restricted
Shares are forfeitable until they are earned in accordance with Section 1 of
the SRS Labs, Inc. 2006 Stock Incentive Plan (“Plan”) Restricted Share
Unit Award Agreement (“Award Agreement”) or other Award Agreement or
Plan provisions. The Restricted Shares generally are not transferable until my
interest becomes vested and nonforfeitable, pursuant to the Award Agreement and
the Plan.

5.             Fair
market value:

The fair market
value at the time of transfer (determined without regard to any restrictions
other than restrictions which by their terms never will lapse) of the
Restricted Shares with respect to which I am making this election is $       
per share.

6.             Amount
paid for Restricted Shares:

The amount I paid
for the Restricted Shares is $        per
share.

7.             Furnishing
statement to employer:

A copy of this
statement has been furnished to my employer,                             .  If the transferor of the Restricted Shares is
not my employer, that entity also has been furnished with a copy of this
statement.

8.             Award
Agreement or Plan not affected:

Nothing contained
herein shall be held to change any of the terms or conditions of the Award
Agreement or the Plan.

Dated:                       
   , 200   .

	
  

  	
   

  	
   

  
	
   

  	
  Taxpayer

  	
   

  

 

EXHIBIT C

SRS LABS, INC.

2006 STOCK INCENTIVE PLAN

Designation
of Beneficiary

In
connection with Awards granted pursuant to the Company’s 2006 Stock Incentive
Plan (the “Plan”), I hereby designate the person specified below as the
beneficiary upon my death of my interest in Awards as defined in the Plan.  This designation shall remain in effect until
revoked in writing by me.

	
   

  	
  Name of Beneficiary:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Social Security No.:

  	
   

  	
   

  

 

This
beneficiary designation relates to any and all of my rights under the following
Award or Awards:

o                  any Award that I have received or
ever receive under the Plan.

o                  the                                  
Award that I received pursuant to an award agreement dated                 
     ,        between
myself and the Company.

I
understand that this designation operates to entitle the above-named
beneficiary, in the event of my death, to any and all of my rights under the
Award(s) designated above from the date this form is delivered to the Company
until such date as this designation is revoked in writing by me, including by
delivery to the Company of a written designation of beneficiary executed by me
on a later date.

 

	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  (Signature)

  
	
   

  	
   

  	
   

  
	
  Name of Participant:

  	
   

  	
   

  
	
   

  	
   

  	
  (Print Name)

  

 

Sworn to before me this

	
           
  day of                      ,
  20     

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Notary Public

  	
   

  	
   

  
	
  County of

  	
   

  	
   

  	
   

  
	
  State ofExhibit 10.12

SRS LABS, INC.

2006 STOCK INCENTIVE PLAN

SAR Award Agreement

You (the “Participant”)
are hereby awarded Share Appreciation Rights subject to the terms and
conditions set forth in this agreement (the “Award Agreement” or “Award”)
and in the SRS Labs, Inc. 2006 Stock Incentive Plan (“Plan”).  A copy of the Plan is attached as Exhibit
A.  You should carefully review these
documents, and consult with your personal financial advisor, before exercising
this Award.  This Award is conditioned on
your execution of this Award Agreement.

By executing this Award
Agreement, you agree to be bound by all of the Plan’s terms and conditions as
if they had been set out verbatim below. 
In addition, you recognize and agree that all determinations,
interpretations, or other actions respecting the Plan and this Award Agreement
will be made by the Board of Directors (the “Board”) of SRS Labs, Inc.
(the “Company”) or any Committee appointed by the Board to administer
the Plan, and shall (in the absence of manifest bad faith or fraud) be final,
conclusive and binding on all parties, including you and your successors in
interest.  Capitalized terms are defined
in the Plan or in this Award Agreement.

1.             Specific Terms.  This portion of your Award is being granted
pursuant to Section 7 of the Plan, and shall have the following terms:

	
  Name of Participant

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date of Award

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Number of Shares measuring the value of this SAR

  	
   

  	
                    
  Shares (“SAR Shares”).

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Base Price for SARs

  	
   

  	
  $      .      
  per Share.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Vesting

  	
   

  	
  Vesting Date

  	
   

  	
  Amount of Shares

  Vested on Vesting Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

	
  Lifetime Transfers

  	
   

  	
  o
  Allowed in accordance with Section 12(b) of the Plan.

  o Not allowed.

  

2.             Accelerated Vesting; Change in Corporate Control.  To the extent you have not previously vested
in your rights with respect to this Award, your Award will become –

(a)                                          %
vested if your Continuous Service ends due to your death or “disability” within
the meaning of Section 409A of the Code;

(b)                                         %
vested if your Continuous Service ends due to your retirement at or after you
have attained the age of          and
completed at least          full years
of Continuous Service;

 

(c)                                          %
if your Continuous Service ends due to an Involuntary Termination that occurs
within the twelve months following a Change in Control.

3.             Vesting and Exercise of Your Award.  No Shares will be issued and no cash will be
paid to you before your Award vests in accordance with Section 1 or 2 above and
is exercised.  To the extent you have
vested in this Award, you may exercise it at any time and from time to time in
accordance with the Plan, using the exercise form attached hereto as Exhibit
B.  The amount you receive upon
exercise will equal the product of –

(a)                                  the
number of SAR Shares that you designate for exercise, and

(b)                                 the
excess of 100% of the Fair Market Value of a Share on the date of exercise over
the Base Price stated in Section 1 above.

4.             Form of Payments to You.  The Company will make any payment to you
under this Award in the form of Shares, with cash paid in lieu of fractional
Shares.  Any Shares that you receive will
be free from vesting restrictions (but subject to such legends as the Company
determines to be appropriate). 
Notwithstanding the foregoing, the Company will not issue Share
certificates to you unless you have made arrangements satisfactory to the
Compensation Committee to satisfy any applicable tax withholding obligations.

5.             Failure of Vesting Restrictions  By executing this Award, you acknowledge and
agree that if your Continuous Service terminates under circumstances that do
not result in accelerated vesting pursuant to Section 2 above, you will
irrevocably forfeit any and all unvested rights under this Award, and this
Award will immediately become null, void, and unenforceable.

6.             Investment Purposes.  By executing this Award, you represent and
warrant to the Company that any Shares issued to you pursuant to this Award
will be for investment for your own account and not with a view to, for resale
in connection with, or with an intent of participating directly or indirectly
in, any distribution of such Shares within the meaning of the Securities Act of
1933, as amended.

7.             Designation of Beneficiary.  Notwithstanding anything to the contrary
contained herein or in the Plan, following the execution of this Award
Agreement, you may expressly designate a beneficiary (the “Beneficiary”)
to your interest in the SAR awarded hereby. 
You shall designate the Beneficiary by completing and executing a
designation of beneficiary agreement substantially in the form attached hereto
as Exhibit C (the “Designation of Beneficiary”) and delivering an
executed copy of the Designation of Beneficiary to the Company.

8.             Restriction of Transfer. If lifetime transfers are allowed
under Section 1, your rights under this Award Agreement may not be sold,
pledged, or otherwise transferred without the prior written consent of the
Compensation Committee. Notwithstanding the foregoing, you may transfer this
Award (i) by instrument to an inter vivos or testamentary trust (or other
entity) in which each beneficiary is a permissible gift recipient, as such is
set forth in subsection (ii) of this Section, or (ii) by gift to charitable
institutions or by gift or transfer for consideration to any of the following
relatives of yours (or to an inter vivos trust, testamentary trust or other
entity primarily for the benefit of any of the following relatives of yours):
any child, stepchild, grandchild, parent, stepparent, grandparent, spouse,
former spouse, domestic partner, sibling, niece, nephew, mother-in-law,

 2
 

 

father-in-law, son-in-law, daughter-in-law,
brother-in-law, or sister-in-law, and shall include adoptive
relationships.  Any transferee of your rights shall succeed and be subject
to all of the terms of this Award Agreement and the Plan.

9.             Taxes. 
By signing this Award Agreement, you acknowledge that you shall be
solely responsible for the satisfaction of any taxes that may arise (including
taxes arising under Sections 409A or 4999 of the Code), and that neither the
Company nor the Administrator shall have any obligation whatsoever to pay such
taxes.

10.           Notices.  Any notice or communication required or
permitted by any provision of this Award Agreement to be given to you shall be
in writing and shall be delivered electronically, personally, or sent by
certified mail, return receipt requested, addressed to you at the last address
that the Company had for you on its records. 
Each party may, from time to time, by notice to the other party hereto,
specify a new address for delivery of notices relating to this Award
Agreement.  Any such notice shall be
deemed to be given as of the date such notice is personally delivered or properly
mailed.

11.           Binding Effect.  Except as otherwise provided in this Award
Agreement or in the Plan, every covenant, term, and provision of this Award
Agreement shall be binding upon and inure to the benefit of the parties hereto
and their respective heirs, legatees, legal representatives, successors,
transferees, and assigns.

12.           Modifications.  This Award Agreement may be modified or
amended at any time, in accordance with Section 15 of the Plan and provided
that you must consent in writing to any modification that adversely affects any
rights or obligations under this Award Agreement (with such an effect being
presumed to arise from a modification that would trigger a Section 409A
violation of the Code).

13.           Headings.  Section and other headings contained in this
Award Agreement are for reference purposes only and are not intended to
describe, interpret, define or limit the scope or intent of this Award
Agreement or any provision hereof.

14.           Severability.  Every provision of this Award Agreement and
of the Plan is intended to be severable. 
If any term hereof is illegal or invalid for any reason, such illegality
or invalidity shall not affect the validity or legality of the remaining terms
of this Award Agreement.

15.           Counterparts.  This Award Agreement may be executed by
the parties hereto in separate counterparts, each of which when so executed and
delivered shall be an original, but all such counterparts shall together
constitute one and the same instrument.

16.           Plan Governs.  By signing this Award Agreement, you
acknowledge that you have received a copy of the Plan and that your Award
Agreement is subject to all the provisions contained in the Plan, the
provisions of which are made a part of this Award Agreement and your Award is
subject to all interpretations, amendments, rules and regulations which from
time to time may be promulgated and adopted pursuant to the Plan.  In the event of a conflict between the
provisions of this Award Agreement and those of the Plan, the provisions of the
Plan shall control.

 3
 

 

17.            Not a Contract of Employment.  By executing this Award Agreement you
acknowledge and agree that (i) any person who is terminated before full vesting
of an award, such as the one granted to you by this Award, could claim that you
were terminated to preclude vesting; (ii) you promise never to make such a
claim; (iii) nothing in this Award Agreement or the Plan confers on you any
right to continue an employment, service or consulting relationship with the
Company, nor shall it affect in any way your right or the Company’s right to
terminate your employment, service, or consulting relationship at any time,
with or without Cause; and (iv) the Company would not have granted this Award
to you but for these acknowledgements and agreements.

18.           Governing Law.  The laws of the State of Delaware shall
govern the validity of this Award Agreement, the construction of its terms, and
the interpretation of the rights and duties of the parties hereto.

BY YOUR SIGNATURE BELOW,
along with the signature of the Company’s representative, you and the Company
agree that this Award is being made under and governed by the terms and
conditions of this Award and the Plan.

 

	
   

  	
   

  	
  SRS LABS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  PARTICIPANT

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  The undersigned Participant hereby accepts the terms
  of this Award and the Plan.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name of Participant:

  	
   

  	
   

  
								

 

 4

EXHIBIT A

SRS LABS, INC.

2006 STOCK INCENTIVE PLAN

Plan
Document

 

EXHIBIT B

SRS LABS, INC.

2006 STOCK INCENTIVE PLAN

Form of
Share Appreciation Rights Exercise

Attention:              SRS Labs, Inc.

Dear Sir or Madam:

The undersigned elects to
exercise his/her Share Appreciation Rights with respect to          
shares of Common Stock of SRS Labs, Inc. (the “Company”) under and pursuant to
an SAR Agreement dated as of                      .

The undersigned
recognizes and agrees that the Company will satisfy its obligations arising
from this exercise notice through issuing shares of its Common Stock, with the
name or names to be on the stock certificate or certificates and the address
and Social Security Number of such person(s) to be as follows:

	
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Social Security Number

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Very truly yours,

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
  Date

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name of SAR Holder:

  	
   

  	
   

  
											

 

 

EXHIBIT C

SRS LABS, INC.

2006 STOCK INCENTIVE PLAN

Designation
of Beneficiary

In connection with the
Awards designated below that I have received pursuant to the Company’s 2006
Stock Incentive Plan (the “Plan”), I hereby designate the person
specified below as the beneficiary upon my death of my interest in Awards as
defined in the Plan.  This designation
shall remain in effect until revoked in writing by me.

	
   

  	
  Name of Beneficiary:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Social Security No.:

  	
   

  	
   

  

 

This beneficiary
designation relates to any and all of my rights under the following Award or
Awards:

o                  any Award that I
have received or ever receive under the Plan.

o                  the                          
Award that I received pursuant to an award agreement dated                
    ,         
between myself and the Company.

I understand that this
designation operates to entitle the above-named beneficiary, in the event
of my death, to any and all of my rights under the Award(s) designated above
from the date this form is delivered to the Company until such date as this
designation is revoked in writing by me, including by delivery to the Company
of a written designation of beneficiary executed by me on a later date.

 

	
  Date:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  (Signature)

  
	
   

  	
   

  	
   

  
	
  Name of Participant:

  	
   

  	
   

  
	
   

  	
   

  	
  (Print Name)

  

 

	
  Sworn to before me this

  	
   

  	
   

  
	
           day
  of                 ,
  20    

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Notary Public

  	
   

  	
   

  
	
  County of

  	
   

  	
   

  	
   

  
	
  State of

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}]]