Document:

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                                                                     Exhibit 4.5

                           UNIVERSAL ELECTRONICS INC.
                          1999A NONQUALIFIED STOCK PLAN

                            EFFECTIVE OCTOBER 7, 1999
                   (AS SUBSEQUENTLY AMENDED FEBRUARY 1, 2000)

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                                                  TABLE OF CONTENTS

SECTION...........................................................................................................PAGE
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Section 1.  General Purpose of Plan; Definition...................................................................1

Section 2.  Administration........................................................................................2

Section 3.  Number of Shares of Stock Subject to Plan.............................................................3

Section 4.  Eligibility...........................................................................................4

Section 5.  Stock Options.........................................................................................4

         (a)     Grant and Exercise...............................................................................4
                  (i)     Nature of Options.......................................................................4
                  (ii)    Exercisability..........................................................................4
                  (iii)   Method of Exercise......................................................................4
         (b)     Terms and Conditions.............................................................................4
                  (i)     Option Price............................................................................5
                  (ii)    Option Term.............................................................................5
                  (iii)   Transferability of Options..............................................................5
                  (iv)    Option Exercise after Termination by Reason of Death or Disability......................5
                  (v)     Option Exercise after Termination without Cause or Constructive Termination.............5
                  (vi)    Option Exercise after Termination to Resignation........................................5
                  (vii)   Other Termination.......................................................................5

Section 6.  Stock Appreciation Rights.............................................................................6

         (a)     Grant and Exercise...............................................................................6
                  (i)     Time of Grant...........................................................................6
                  (ii)    Exercisability..........................................................................6
                  (iii)   Method of Exercise......................................................................6
                  (iv)    Amount Payable..........................................................................6
         (b)     Terms and Conditions.............................................................................6
                  (i)     Terms of Stock Appreciation Rights......................................................6
                  (ii)    Transferability of Stock Appreciation Rights............................................7
                  (iii)   Termination of Employment...............................................................7

Section 7.  Restricted Stock Units and Performance Stock Units....................................................7
         (a)     Grant............................................................................................7
         (b)     Terms and Conditions.............................................................................7
         (c)     Completion of Restriction Period and Attainment of Performance Objectives........................8

Section 8.  Amendment and Termination.............................................................................8

Section 9.  Unfunded Status of Plan...............................................................................8

Section 10.  General Provisions...................................................................................8

Section 11.  Effective Date of Plan...............................................................................9

Section 12.  Term of Plan.........................................................................................9
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                           UNIVERSAL ELECTRONICS INC.
                          1999A NONQUALIFIED STOCK PLAN

SECTION 1.  GENERAL PURPOSE OF PLAN; DEFINITIONS.

The name of this Plan is the Universal Electronics Inc. 1999A NonQualified Stock
Plan (the "Plan"). The purpose of this Plan is to enable the Corporation (as
hereinafter defined) and its Subsidiaries (as hereinafter defined) to obtain and
retain competent personnel who will contribute to the Corporation's success by
their ability, ingenuity and industry and to provide incentives to the
participating officers and key employees that are related to increases in
stockholder value and will therefore inure to the benefit of all stockholders of
the Corporation.

For purposes of this Plan, the following terms shall be defined as set forth
below:

(a)      "Award" means any grant under this Plan in the form of Stock Options,
         Stock Appreciation Rights, Performance Stock Units, Restricted Stock
         Units or any combination of the foregoing.

(b)      "Board" means the Board of Directors of the Corporation.

(c)      "Code" means the Internal Revenue Code of 1986, as amended from time to
         time, or any successor thereto.

(d)      "Committee" means the Compensation Committee or any other committee the
         Board may subsequently appoint to administer this Plan. The Committee
         shall be composed entirely of directors who meet the qualifications
         referred to in Section 2 of this Plan.

(e)      "Corporation" means Universal Electronics Inc., a corporation
         incorporated under the laws of the State of Delaware (or any successor
         corporation).

(f)      "Disability" means an event of illness or other incapacity of Optionee
         resulting in Optionee's failure or inability to discharge Optionee's
         duties as an employee of the Corporation, any Subsidiary or any Related
         Entity for ninety (90) or more days during any period of 120
         consecutive days.

(g)      "Eligible Employee" means an employee of the Corporation, any
         Subsidiary or any Related Entity as described in Section 4 of this
         Plan.

(h)      "Fair Market Value" means, as of any given date, with respect to any
         Awards granted hereunder, the mean of the high and low trading price of
         the Stock on such date as reported on The Nasdaq Stock Market or if the
         Stock is not then traded on The Nasdaq Stock Market, on such other
         national securities exchange on which the Stock is admitted to trade
         or, if none, on the National Association of Securities Dealers
         Automated Quotation System if the Stock is admitted for quotation
         thereon; provided, however, that if any such system, exchange or
         quotation system is closed on any day on which Fair Market Value is to
         be determined, Fair Market Value shall be determined as of the first
         day immediately proceeding such day on which such system, exchange or
         quotation system was open for trading; provided, further, that in all
         other circumstances, "Fair Market Value" means the value determined by
         the Committee after obtaining an appraisal by one or more independent
         appraisers meeting the requirements of regulations issued under Section
         170(a)(1) of the Code.

(i)      "Non-Employee Director" shall have the meaning set forth in Rule 16b-3
         ("Rule 16b-3"), as promulgated by the Securities and Exchange
         Commission under the Securities Exchange Act of 1934, as amended from
         time to time (the "Exchange Act"), or any successor definition adopted
         by the Securities and Exchange Commission.

(j)      "Optionee" means a Participant granted a Stock Option pursuant to
         Section 5 of this Plan, which remains outstanding.

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(k)      "Participant" means any Eligible Employee selected by the Committee,
         pursuant to the Committee's authority in Section 2 of this Plan, to
         receive Awards.

(l)      "Performance Stock Unit" means the right to receive one share of Stock
         as set forth in an Award granted pursuant to Section 7 of this Plan.

(m)      "Related Entity" means any corporation, joint venture or other entity,
         domestic or foreign, other than a Subsidiary, in which the Corporation
         owns, directly or indirectly, a substantial equity interest.

(n)      "Restricted Stock Unit" means the right to receive one share of Stock
         as set forth in an Award granted pursuant to Section 7 of this Plan.

(o)      "Retirement" means (i) retirement from active employment under a
         retirement plan of the Corporation, any Subsidiary or Related Entity or
         under an employment contract with any of them or (ii) termination of
         employment at or after age 55 under circumstances which the Committee,
         in its sole discretion, deems equivalent to retirement.

(p)      "Stock" means the common stock, par value $0.01 per share, of the
         Corporation.

(q)      "Stock Appreciation Right" means the right pursuant to an Award granted
         under Section 6 of this Plan, (i) in the case of a Related Stock
         Appreciation Right (as defined in Section 6 of this Plan), to surrender
         to the Corporation all or a portion of the related Stock Option and
         receive an amount equal to the excess of the Fair Market Value of one
         share of Stock as of the date such Stock Option or portion thereof is
         surrendered over the option price per share specified in such Stock
         Option, multiplied by the number of shares of Stock in respect of which
         such Stock Option is being surrendered and (ii) in the case of a
         Freestanding Stock Appreciation Right (as defined in Section 6 of this
         Plan), receive an amount equal to the excess of the Fair Market Value
         of one share of Stock as of the date of exercise over the price per
         share specified in such Freestanding Stock Appreciation Right,
         multiplied by the number of shares of Stock in respect of which such
         Freestanding Stock Appreciation Right is being exercised.

(r)      "Stock Option" means a nonqualified stock option (i.e., a Stock Option
         that does not qualify as an "incentive stock option" within the meaning
         of Section 422 of the Code) to purchase shares of Stock granted
         pursuant to Section 5 of this Plan.

(s)      "Subsidiary" means any corporation in an unbroken chain of corporations
         beginning with the Corporation, if each of the corporations (other than
         the last corporation in the unbroken chain) owns stock possessing 50%
         or more of the total combined voting power of all classes of stock in
         one of the other corporations in the chain.

SECTION 2.  ADMINISTRATION.

This Plan shall be administered by the Committee, composed solely of two or more
directors who are Non-Employee Directors, who shall be appointed by the Board
and who shall serve at the pleasure of the Board. In the event that a Committee
has not been appointed or in the Board's sole discretion, this Plan shall be
administered by the Board, which shall have all of the power and authority of
the Committee set forth below. The Committee shall have the power and authority
in its sole discretion to grant Awards pursuant to the terms and provisions of
this Plan.

In particular, the Committee shall have the full authority, not inconsistent
with this Plan:

(a)      to select Participants;

(b)      to determine whether and to what extent Awards are to be granted to
         Participants hereunder;

(c)      to determine the number of shares of Stock to be covered by each such
         Award granted hereunder, but in no case shall such number be in the
         aggregate greater than that allowed under this Plan;

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(d)      to approve or ratify transactions by Participants involving
         acquisitions from the Corporation or dispositions to the Corporation of
         equity securities of the Corporation made pursuant to the terms of this
         Plan;

(e)      to determine the terms and conditions of any Award granted hereunder
         (including, without limitation, (i) the restrictive periods applicable
         to Restricted Stock Unit Awards and (ii) the performance objectives and
         periods applicable to Performance Stock Unit Awards);

(f)      to waive compliance by a Participant with any obligation to be
         performed by such Participant under any Award and to waive any term or
         condition of any such Award (provided, however, that no such waiver
         shall detrimentally affect the rights of the Participant without such
         Participant's consent); and

(g)      to determine the terms and conditions which shall govern all written
         agreements evidencing the Awards.

The Committee shall have the authority to adopt, alter and repeal such
administrative rules, guidelines and practices governing this Plan as it shall,
from time to time deem advisable; to interpret the provisions of this Plan and
the terms and conditions of any Award issued, expired, terminated, canceled or
surrendered under this Plan (and any agreements relating thereto); and to
otherwise supervise the administration of this Plan.

All decisions made by the Committee pursuant to the provisions of this Plan and
as to the terms and conditions of any Award (and any agreements relating
thereto) shall be final and binding on all persons, including the Corporation
and the Optionees.

SECTION 3.  NUMBER OF SHARES OF STOCK SUBJECT TO PLAN.

The total number of shares of Stock reserved and available for issuance under
this Plan shall be one million (1,000,000). Such shares of Stock may consist, in
whole or in part, of authorized and unissued shares of Stock or issued shares of
Stock reacquired by the Corporation at any time, as the Board may determine.

To the extent that (a) a Stock Option expires or is otherwise terminated,
canceled or surrendered without being exercised (including, without limitation,
in connection with the grant of a replacement option) or (b) any Restricted
Stock Unit Award or Performance Stock Unit Award granted hereunder expires or is
otherwise terminated or is canceled, the shares of Stock underlying such Stock
Option or subject to such Restricted Stock Unit Award or Performance Stock Unit
Award shall again be available for issuance in connection with future Awards
under this Plan. Upon the exercise of a Related Stock Appreciation Right (as
defined in Section 6 of this Plan), the Stock Option, or the part thereof to
which such Related Stock Appreciation Right is related, shall be deemed to have
been exercised for the purpose of the limitation on the number of shares of
Stock in respect of which the Related Stock Appreciation Right was exercised.

In the event of any merger, reorganization, consolidation, recapitalization,
stock dividend, spin-off, or other change in corporate structure or
capitalization affecting the Stock, the Committee shall make an equitable
adjustment or substitution in the number and class of shares reserved for
issuance under this Plan, the number and class of shares covered by outstanding
Awards and the option price per share of Stock Options or the applicable price
per share specified in Stock Appreciation Rights to reflect the effect of such
change in corporate structure or capitalization on the Stock; provided, however,
that any fractional shares resulting from such adjustment shall be eliminated;
provided further, however, that if by reason of any such change in corporate
structure or capitalization a Participant holding a Restricted Stock Unit Award
or Performance Stock Unit Award shall be entitled, subject to the terms and
conditions of such Award, to additional or different shares of any security, the
issuance of such additional or different shares shall thereupon be subject to
all of the terms and conditions (including restrictions and performance
criteria) which were applicable to such Award prior to such change in corporate
structure or capitalization; and, provided, further, however, that unless the
Committee in its sole discretion determines otherwise, any issuance by the
Corporation of shares of stock of any class or securities convertible into
shares of stock of any class shall not affect, and no such adjustment or
substitution by reason thereof shall be made with respect to, the number or
class of shares reserved for issuance under this Plan, the number or class of
shares covered by outstanding Awards or any option price or applicable price.

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SECTION 4.  ELIGIBILITY.

All full-time employees of the Corporation, its Subsidiaries and its Related
Entities shall be eligible to be granted Awards; provided however, with respect
to an employee of a Related Entity, that such person was an employee of the
Corporation, a Subsidiary or, if originally an employee of the Corporation or a
Subsidiary, of another Related Entity immediately prior to becoming employed by
such Related Entity and accepted employment with such Related Entity at the
request of the Corporation or a Subsidiary. The Participants under this Plan
shall be selected, from time to time, by the Committee, in its sole discretion,
from among those Eligible Employees.

SECTION 5.  STOCK OPTIONS.

(a)      GRANT AND EXERCISE. Stock Options may be granted either alone or in
         addition to other Awards granted under this Plan. Any Stock Option
         granted under this Plan shall be in such form as the Committee may,
         from time to time, approve, and the terms and conditions of Stock
         Option Awards need not be the same with respect to each Optionee. Each
         Optionee shall enter into a Stock Option agreement ("Stock Option
         Agreement") with the Corporation, in such form as the Corporation shall
         determine, which agreement shall set forth, among other things, the
         option price of the option, the term of the option and conditions
         regarding exercisability of the option granted thereunder.

         (i)      NATURE OF OPTIONS. Under this Plan, the Committee shall have
                  the authority to grant any Participant Stock Options with or
                  without Stock Appreciation Rights.

         (ii)     EXERCISABILITY. Subject to such terms and conditions as shall
                  be determined by the Committee in its sole discretion at or
                  after the time of grant, Stock Options shall be exercisable
                  from time to time to the extent of 25% of the number of shares
                  of Stock covered by the Stock Option on and after the first
                  anniversary and before the second anniversary of the date of
                  grant of the Stock Option, to the extent of 50% of the number
                  of shares of Stock covered by the Stock Option on and after
                  the second anniversary and before the third anniversary of the
                  date of grant of the Stock Option, to the extent of 75% of the
                  number of shares of Stock covered by the Stock Option on and
                  after the third anniversary and before the fourth anniversary
                  of the date of grant of the Stock Option and to the extent of
                  100% of the number of shares of Stock covered by the Stock
                  Option on and after the fourth anniversary of the date of
                  grant of the Stock Option and before expiration of the stated
                  term of the Stock Option (or to such lesser extent as the
                  Committee in its sole discretion shall determine at the time
                  of grant or to such greater extent as the Committee in its
                  sole discretion shall determine at or after the time of
                  grant).

         (iii)    METHOD OF EXERCISE. Stock Options may be exercised by giving
                  written notice of exercise delivered in person or by mail as
                  required by the terms of any Stock Option Agreement at the
                  Corporation's principal executive office, specifying the
                  number of shares of Stock with respect to which the Stock
                  Option is being exercised, accompanied by payment in full of
                  the option price in cash or its equivalent as determined by
                  the Committee in its sole discretion. If requested by the
                  Committee, the Optionee shall deliver to the Corporation the
                  Stock Option Agreement evidencing the Stock Option being
                  exercised for notation thereon of such exercise and return
                  thereafter of such agreement to the Optionee. As determined by
                  the Committee in its sole discretion at or after the time of
                  grant, payment of the option price in full or in part may also
                  be made in the form of shares of unrestricted Stock already
                  owned by the Optionee (based on the Fair Market Value of the
                  Stock on the date the Stock Option is exercised). The
                  Committee also may allow cashless exercise as permitted under
                  Federal Reserve Board's Regulation T, subject to applicable
                  securities law restrictions, or by any other means that the
                  Committee determines to be consistent with this Plan's purpose
                  and applicable law. An Optionee shall generally have the
                  rights to dividends or other rights of a stockholder with
                  respect to shares of Stock subject to the Stock Option when
                  the Optionee has given written notice of exercise, has paid in
                  full for such shares of Stock, and, if requested, has made
                  representations described in Section 10(a) of this Plan.

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(b)      TERMS AND CONDITIONS. Stock Options granted under this Plan shall be
         subject to the following terms and conditions and shall contain such
         additional terms and conditions, not inconsistent with the terms of
         this Plan, as the Committee shall deem desirable.

         (i)      OPTION PRICE. The option price per share of Stock purchasable
                  under a Stock Option shall be Fair Market Value at the time of
                  grant, unless otherwise determined by the Committee in its
                  sole discretion.

         (ii)     OPTION TERM. The term of each Stock Option shall be fixed by
                  the Committee at the time of grant, but no Stock Option shall
                  be exercisable more than [ten years] after the date such Stock
                  Option is granted.

         (iii)    TRANSFERABILITY OF OPTIONS. Except as otherwise set forth in a
                  Stock Option Agreement, no Stock Options shall be transferable
                  by the Optionee otherwise than by will or by the laws of
                  descent and distribution and all Stock Options shall be
                  exercisable, during the Optionee's lifetime, only by the
                  Optionee, or in the case of Optionee's legal incompetency,
                  only by Optionee's guardian or legal representative.

         (iv)     OPTION EXERCISE AFTER TERMINATION BY REASON OF DEATH OR
                  DISABILITY. If an Optionee's employment with the Corporation,
                  any Subsidiary or any Related Entity terminates by reason of
                  death or Disability, any Stock Option held by such Optionee
                  may thereafter be exercised for a period of one year (or such
                  shorter period as the Committee in its sole discretion shall
                  specify at or after the time of grant) from the date of such
                  termination or until the expiration of the stated term of such
                  Stock Option, whichever period is shorter, to the extent to
                  which the Optionee would on the date of termination have been
                  entitled to exercise the Stock Option (or to such greater or
                  lesser extent as the Committee in its sole discretion shall
                  determine at or after the time of grant).

         (v)      OPTION EXERCISE AFTER TERMINATION WITHOUT CAUSE OR
                  CONSTRUCTIVE TERMINATION. If an Optionee's employment with the
                  Corporation, any Subsidiary, or any Related Entity is
                  terminated, by the Corporation or such Subsidiary or such
                  Related Entity, without "Cause" (as such term is defined
                  within the Stock Option Agreement) or in the event of
                  "Constructive Termination" (as such term is defined within the
                  Stock Option Agreement) of the Optionee's employment with the
                  Corporation or such Subsidiary or such Related Entity is so
                  terminated the Committee, in its sole discretion, may (a)
                  permit the Optionee to exercise any Stock Option held by such
                  Optionee, to the extent not theretofore exercised, in whole or
                  in part with respect to all remaining shares covered by the
                  Stock Option at any time prior to the expiration of the Stock
                  Option (or such shorter period as the Committee in its sole
                  discretion shall specify at or after the time of grant), or to
                  such greater or lesser extent as the Committee in it sole
                  discretion shall determine at or after the time of grant
                  and/or (b) accelerate the vesting schedule of such Stock
                  Option. An Optionee's acceptance of employment, at the request
                  of the Corporation or a Subsidiary, with a Related Entity (or
                  acceptance of employment, at the request of the Corporation or
                  a Subsidiary, with any other Related Entity), shall not be
                  deemed a termination of employment hereunder and any Stock
                  Option held by an Optionee may be exercised thereafter to the
                  extent that the Optionee would on the date of exercise have
                  been entitled to exercise such Stock Option if such Optionee
                  had continued to be employed by the Corporation or such
                  Subsidiary (or such initial Related Entity), provided that the
                  Optionee has been in continuous employ with the Related Entity
                  to which such Optionee has moved from the date of acceptance
                  of employment therewith until the date of exercise.

         (vi)     OPTION EXERCISE AFTER TERMINATION TO RESIGNATION. If an
                  Optionee's employment with the Corporation, any Subsidiary, or
                  any Related Entity terminates for any reason not set forth in
                  Sections 5(iv) or (v) above, the Committee, in its sole
                  discretion, may permit the Optionee to exercise any Stock
                  Option held by such Optionee to the extent such Option was
                  exercisable on the date of such termination (or to such
                  greater or lesser extent as the Committee in its sole
                  discretion shall determine at or after the time of grant) for
                  such period as designated by the Committee.

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         (vii)    OTHER TERMINATION. Except as otherwise provided in this
                  Section 5 of this Plan, or as determined by the Committee in
                  its sole discretion, if an Optionee's employment with the
                  Corporation, any Subsidiary or any Related Entity terminates,
                  all Stock Options held by the Optionee will terminate.

SECTION 6.  STOCK APPRECIATION RIGHTS.

(a)      GRANT AND EXERCISE. Stock Appreciation Rights may be granted either in
         conjunction with all or part of any Stock Option granted under this
         Plan ("Related Stock Appreciation Rights") or alone ("Freestanding
         Stock Appreciation Rights") and, in either case, in addition to other
         Awards granted under this Plan. Participants shall enter into a Stock
         Appreciation Rights Agreement with the Corporation if requested by the
         Committee, in such form as the Committee shall determine.

         (i)      TIME OF GRANT. Related Stock Appreciation Rights may be
                  granted either at or after the time of the grant of the Stock
                  Option to which it is related. Freestanding Stock Appreciation
                  Rights may be granted at any time.

         (ii)     EXERCISABILITY. Related Stock Appreciation Rights shall be
                  exercisable only at such time or times and to the extent that
                  the Stock Options to which they relate shall be exercisable in
                  accordance with the provisions of Section 5(a)(ii) of this
                  Plan and Freestanding Stock Appreciation Rights shall be
                  exercisable, subject to such terms and conditions as shall be
                  determined by the Committee in its sole discretion at or after
                  the time of grant, from time to time, to the extent that Stock
                  Options are exercisable in accordance with the provisions of
                  Section 5(a)(ii) of this Plan.

         (iii)    METHOD OF EXERCISE. Stock Appreciation Rights shall be
                  exercised by a Participant by giving written notice of
                  exercise delivered in person or by mail as required by the
                  terms of any agreement evidencing the Stock Appreciation Right
                  at the Corporation's principal executive office, specifying
                  the number of shares of Stock in respect of which the Stock
                  Appreciation Right is being exercised. If requested by the
                  Committee, the Participant shall deliver to the Corporation
                  the agreement evidencing the Stock Appreciation Right being
                  exercised and, in the case of a Related Stock Appreciation
                  Right, the Stock Option Agreement evidencing any related Stock
                  Option, for notation thereon of such exercise and return
                  thereafter of such agreements to the Participant.

         (iv)     AMOUNT PAYABLE. Upon the exercise of a Related Stock
                  Appreciation Right, an Optionee shall be entitled to receive
                  an amount in cash or shares of Stock equal in value to the
                  excess of the Fair Market Value of one share of Stock on the
                  date of exercise over the option price per share specified in
                  the related Stock Option, multiplied by the number of shares
                  of Stock in respect of which the Related Stock Appreciation
                  Rights shall have been exercised, with the Committee having in
                  its sole discretion the right to determine the form of
                  payment. Upon the exercise of a Freestanding Stock
                  Appreciation Right, a Participant shall be entitled to receive
                  an amount in cash or shares of Stock equal in value to the
                  excess of the Fair Market Value of one share of Stock on the
                  date of exercise over the price per share specified in the
                  Freestanding Stock Appreciation Right, which shall be not less
                  than 100% of the Fair Market Value of the Stock on the date of
                  Grant, multiplied by the number of shares of Stock in respect
                  of which the Freestanding Stock Appreciation Rights shall have
                  been exercised, with the Committee having in its sole
                  discretion the right to determine the form of payment

(b)      TERMS AND CONDITIONS. Stock Appreciation Rights under this Plan shall
         be subject to the following terms and conditions and shall contain such
         additional terms and conditions not inconsistent with the terms of this
         Plan, as the Committee shall deem desirable.

         (i)      TERMS OF STOCK APPRECIATION RIGHTS. The term of a Related
                  Stock Appreciation Right shall be the same as the term of the
                  related Stock Option. A Related Stock Appreciation Right or
                  applicable portion thereof shall terminate and no longer be
                  exercisable upon the exercise,

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                  termination, cancellation or surrender of the related Stock
                  Option, except that, unless otherwise provided by the
                  Committee in its sole discretion at or after the time of
                  grant, a Related Stock Appreciation Right granted with respect
                  to less than the full number of shares of Stock covered by a
                  related Stock Option shall terminate and no longer be
                  exercisable if and to the extent that the number of shares of
                  Stock covered by the exercise, termination, cancellation or
                  surrender of the related Stock Option exceeds the number of
                  shares of Stock not covered by the Related Stock Appreciation
                  Right.

         The term of each Freestanding Stock Appreciation Right shall be fixed
         by the Committee, but no Freestanding Stock Appreciation Right shall be
         exercisable more than ten years after the date such right is granted.

(ii)     TRANSFERABILITY OF STOCK APPRECIATION RIGHTS. Stock Appreciation Rights
         shall be transferable only when and to the extent that a Stock Option
         would be transferable under Section 5(b)(iii) of this Plan.

(iii)    TERMINATION OF EMPLOYMENT. In the event of the termination of
         employment of an Optionee holding a Related Stock Appreciation Right,
         such right shall be exercisable to the same extent that the related
         Stock Option is exercisable after such termination. In the event of the
         termination of employment of the holder of a Freestanding Stock
         Appreciation Right, such right shall be exercisable to the same extent
         that a Stock Option with the same terms and conditions as such
         Freestanding Stock Appreciation Right would have been exercisable in
         the event of the termination of employment of the holder of such Stock
         Option.

SECTION 7.  RESTRICTED STOCK UNITS AND PERFORMANCE STOCK UNITS.

(a)      GRANT. Awards of Restricted Stock Units or Performance Stock Units may
         be granted either alone or in addition to other Awards granted under
         this Plan. Each Restricted Stock Unit or Performance Stock Unit
         represents the right to receive, subject to the terms and provisions of
         this Plan and any agreements evidencing such Awards, one share of
         Stock. If the Committee in its sole discretion so determines at the
         time of grant, a Participant to whom a Restricted Stock Unit Award or
         Performance Stock Unit Award has been granted may be credited with an
         amount equivalent to all cash dividends ("Dividend Equivalents") that
         would have been paid to the holder of such Restricted Stock Unit Award
         or Performance Stock Unit Award if one share of Stock for every
         Restricted Stock Unit or Performance Stock Unit awarded had been issued
         to the holder on the date of grant of such Restricted Stock Unit Award
         or Performance Stock Unit Award. The Committee shall determine the
         terms and conditions of each Restricted Stock Unit Award and
         Performance Stock Unit, including without limitation, the number of
         Restricted Stock Units or Performance Stock Units to be covered by such
         Awards, the restricted period applicable to Restricted Stock Unit
         Awards and the performance objectives applicable to Performance Stock
         Unit Awards. The Committee in its sole discretion may prescribe terms
         and conditions applicable to the vesting of such Restricted Stock Unit
         Awards or Performance Stock Unit Awards in addition to those provided
         in this Plan. The Committee shall establish such rules and guidelines
         governing the crediting of Dividend Equivalents, including the timing,
         form of payment and payment contingencies of Dividend Equivalents, as
         it may deem desirable. The Committee in its sole discretion may at any
         time accelerate the time at which the restrictions on all or any part
         of a Restricted Stock Unit Award lapse or deem the performance
         objectives with respect to all or any part of a Performance Stock Unit
         Award to have been attained. Restricted Stock Units Awards and
         Performance Stock Unit Awards shall not be transferable otherwise than
         by will or by the laws of descent and distribution. Shares of Stock
         shall be deliverable upon the vesting of Restricted Stock Unit Awards
         and Performance Stock Unit Awards for no consideration other than
         services rendered or, in the Committee's sole discretion, the minimum
         amount of consideration other than services (such as the par value of
         Stock) required to be received by the Corporation in order to assure
         compliance with applicable state law, which amount shall not exceed 10%
         of the Fair Market Value of such shares of Stock on the date of
         issuance. Each such Award shall be evidenced by a Restricted Stock Unit
         agreement ("Restricted Stock Unit Award Agreement") or Performance
         Stock Unit Award agreement ("Performance Stock Unit Award Agreement").

                                       7
<PAGE>   10

(b)      TERMS AND CONDITIONS. Unless otherwise determined by the Committee in
         its sole discretion:

         (i)      a breach of any term or condition provided in this Plan, the
                  Restricted Stock Unit Award Agreement or the Performance Stock
                  Unit Award Agreement or established by the Committee with
                  respect to such Restricted Stock Unit Award or Performance
                  Stock Unit Award will cause a cancellation of the unvested
                  portion of such Restricted Stock Unit Award or Performance
                  Stock Unit Award (including any Dividend Equivalents credited
                  in respect thereof) and the Participant shall not be entitled
                  to receive any consideration in respect of such cancellation;
                  and

         (ii)     termination of such holder's employment with the Corporation,
                  any Subsidiary or any Related Entity prior to the lapsing of
                  the applicable restriction period or attainment of applicable
                  performance objectives will cause a cancellation of the
                  unvested portion of such Restricted Stock Unit Award or
                  Performance Stock Unit Award (including any Dividend
                  Equivalents credited in respect thereof) and the Participant
                  shall not be entitled to receive any consideration in respect
                  of such cancellation.

(c)      COMPLETION OF RESTRICTION PERIOD AND ATTAINMENT OF PERFORMANCE
         OBJECTIVES. To the extent that restrictions with respect to any
         Restricted Stock Unit Award lapse or performance objectives with
         respect to any Performance Stock Unit Award are attained and provided
         that other applicable terms and conditions have been satisfied:

         (i)      such of the Restricted Stock Units or Performance Stock Units
                  as to which restrictions have lapsed or performance objectives
                  have been attained shall become vested and the Committee shall
                  cause to be issued and delivered to the Participant a stock
                  certificate representing a number of shares of Stock equal to
                  such number of Restricted Stock Units or Performance Stock
                  Units, and, subject to Section 11(a) hereof, free of all
                  restrictions; and

         (ii)     any Dividend Equivalents credited in respect of such
                  Restricted Stock Units or Performance Stock Units shall become
                  vested to the extent that such Restricted Stock Units or
                  Performance Stock Units shall have become vested and the
                  Committee shall cause such Dividend Equivalents to be
                  delivered to the Participant.

Any such Restricted Stock Unit Award or Performance Stock Unit Award (including
any Dividend Equivalents credited in respect thereof) that shall not have become
vested at the end of the applicable restricted period or the period given for
the attainment of performance objectives shall expire, terminate and be canceled
and the Participant shall not thereafter have any rights with respect to the
Restricted Stock Units or Performance Stock Units (or any Dividend Equivalents
credited in respect thereto) covered thereby.

SECTION 8.  AMENDMENT AND TERMINATION.

The Board may amend, alter, or discontinue this Plan, but no amendment,
alteration, or discontinuation shall be made that would impair the rights of a
Participant under any Award theretofore granted without such Participant's
consent. The Committee may amend or alter the terms and conditions of any Award
theretofore granted, and of any agreement evidencing such Award, prospectively
or retroactively, but no such amendment or alteration shall impair the rights of
any Optionee under such Award or agreement without such Optionee's consent.

SECTION 9.  UNFUNDED STATUS OF PLAN.

This Plan is intended to constitute an "unfunded" plan. With respect to any
payments not yet made and due to a Participant by the Corporation, nothing
contained herein shall give any such Participant any rights that are greater
than those of a general unsecured creditor of the Corporation.

SECTION 10.  GENERAL PROVISIONS.

(a)      The Committee may require each Optionee purchasing shares of Stock
         pursuant to a Stock Option to represent to and agree with the
         Corporation in writing that such Optionee is acquiring the shares of
         Stock without a view to distribution thereof. All certificates for
         shares of Stock delivered under this Plan and,

                                       8
<PAGE>   11

         to the extent applicable, all evidences of ownership with respect to
         Dividend Equivalents delivered under this Plan, shall be subject to
         such stock-transfer orders and other restrictions as the Committee may
         deem advisable under the rules, regulations and other requirements of
         the Securities and Exchange Commission, any stock exchange upon which
         the Stock is then listed or quotation system on which the Stock is
         admitted for trading and any applicable Federal or state securities
         law, and the Committee may cause a legend or legends to be put on any
         such certificates to make appropriate reference to such restrictions.

(b)      Nothing contained in this Plan shall prevent the Board from adopting
         other or additional compensation arrangements, subject to stockholder
         approval if such approval is required, and such arrangements may be
         either generally applicable or applicable only in specific cases. The
         adoption of this Plan shall not confer upon any employee of the
         Corporation, any Subsidiary or any Related Entity any right to
         continued employment with the Corporation, any Subsidiary or any
         Related Entity as the case may be, nor shall it interfere in any way
         with the right of the Corporation, any Subsidiary or any Related Entity
         to terminate the employment of any of its employees at any time.

(c)      Each Participant shall be deemed to have been granted an Award on the
         date the Committee took action to grant such Award under this Plan or
         such later date as the Committee in its sole discretion shall determine
         at the time such grant is authorized.

(d)      Unless the Committee otherwise determines, each Participant shall, no
         later than the date as of which the value of an Award first becomes
         includable in the gross income of the Participant for federal income
         tax purposes, pay to the Corporation, or make arrangements satisfactory
         to the Committee regarding payment of, any federal, state or local
         taxes of any kind required by law to be withheld with respect to the
         Award. The obligations of the Corporation under this Plan shall be
         conditional on such payment or arrangements and the Corporation (and,
         where applicable, its Subsidiaries and its Related Entities) shall, to
         the extent permitted by law, have the right to deduct any such taxes
         from any payment of any kind otherwise due to the Participant. A
         Participant may elect to have such tax withholding obligation
         satisfied, in whole or in part, by (i) authorizing the Corporation to
         withhold from shares of Stock to be issued upon the exercise of a Stock
         Option or upon the vesting of any Restricted Stock Unit Award or the
         Performance Stock Unit Award a number of shares of Stock with an
         aggregate Fair Market Value that would satisfy the withholding amount
         due, or (ii) transferring to the Corporation shares of Stock owned by
         the Participant with an aggregate Fair Market Value that would satisfy
         the withholding amount due. With respect to any Participant who is an
         executive officer, the election to satisfy the tax withholding
         obligations relating to the exercise of a Stock Option or to the
         vesting of a Restricted Stock Unit Award or Performance Stock Unit
         Award in the manner permitted by this subsection (d) shall be made
         during the "window period" as described within the Corporation Insider
         Trading Policy unless otherwise determined in the sole discretion of
         the Committee of the Board.

(e)      No member of the Board or the Committee, nor any officer or employee of
         the Corporation acting on behalf of the Board or the Committee, shall
         be personally liable for any action, failure to act, determination or
         interpretation taken or made in good faith with respect to this Plan,
         and all members of the Board or the Committee and each and any officer
         or employee of the Corporation acting on their behalf shall, to the
         extent permitted by law, be fully indemnified and protected by the
         Corporation in respect of any such action, failure to act,
         determination or interpretation.

(f)      The term "executive officer" as used in this Plan means any director or
         officer who is subject to the provisions of Section 16(b) of the
         Exchange Act.

(g)      Notwithstanding any other provision herein to the contrary, the maximum
         number of shares with respect to which Awards may be granted to the
         same Participant under this Plan may not exceed, in the aggregate,
         Three Hundred Thirty-three thousand (333,333) shares, except to the
         extent of adjustments authorized by Section 3 of this Plan.

SECTION 11.  EFFECTIVE DATE OF PLAN.

This Plan, effective as of October 7, 1999, was subsequently amended as of
February 1, 2000.

                                       9
<PAGE>   12

SECTION 12.  TERM OF PLAN.

No Award shall be granted under this Plan on or after the tenth anniversary of
the effective date of this Plan; provided, however, that the vesting and
exercisability of Awards granted prior to such tenth anniversary may extend
beyond that date.

                                       10<PAGE>   1

                                                                     Exhibit 4.6

                       NONQUALIFIED STOCK OPTION AGREEMENT

THIS NONQUALIFIED STOCK OPTION AGREEMENT is made as of the date set forth on the
signature page hereof by and between Universal Electronics Inc., a Delaware
corporation (the "Corporation") and the undersigned Optionee (the "Optionee").
As used in this Agreement, the term "Corporation" shall include, where
applicable, any and all of its subsidiaries.

WHEREAS, the Board of Directors of the Corporation (the "Board") has approved
the Universal Electronics Inc. 1999A NonQualified Stock Plan (the "Plan"); and

WHEREAS, the Corporation desires to grant to the Optionee an option ("Option")
to purchase shares of the Corporation's common stock, par value $0.01 per share
(the "Stock"), upon the terms and conditions set forth in this Agreement;

NOW, THEREFORE, the parties, intending to be legally bound, hereto agree as
follows:

1.       GRANT AND DESIGNATION OF OPTION. Upon the execution and delivery of
         this Agreement and the related Stock Option Certificate of even date
         herewith (the "Certificate"), the Corporation hereby grants to the
         Optionee the Option to purchase the aggregate number of shares of Stock
         set forth on the Certificate at the price per share ("Option Price")
         further set forth on the Certificate. The Option granted hereunder
         shall not be treated as an incentive stock option within the meaning of
         Section 422A of the Internal Revenue Code of 1986, as amended.

2.       TERM AND EXERCISE OF OPTION. Subject to earlier termination,
         acceleration or cancellation of the Option as provided herein, the term
         of the Option shall be for that period of time also set forth on the
         Certificate (the "Option Period") and, subject to the provisions of
         this Agreement, the Option shall be exercisable at such times and as to
         such number of shares as determined on the schedule set forth on the
         Certificate.

3.       METHOD OF EXERCISE. The Option may be exercised by written notice to
         the Corporation (the "Exercise Notice") at its offices at 6101 Gateway
         Drive, Cypress, California 90630 to the attention of the Secretary of
         the Corporation. The Exercise Notice shall state (i) the election to
         exercise the Option, (ii) the total number of full shares in respect to
         which it is being exercised, and (iii) shall be signed by the person or
         persons exercising the Option. The Exercise Notice shall be accompanied
         by the Certificate and a certified or cashier's check for the full
         amount of the purchase price of such shares, or as may be permitted by
         the Board, by certificates for shares of Stock which have been owned by
         the Optionee for more than six months prior to the date of exercise and
         which have a fair market value of the date of exercise equal to the
         purchase price, or by a combination of such methods of payment. Upon
         receipt of the foregoing, the Corporation shall issue the shares of
         Stock as to which the Option has been duly exercised and shall return
         the Certificate, duly endorsed to reflect such exercise, to the
         Optionee.

4.       OPTIONEE'S REPRESENTATIONS.

         (a) Optionee represents and warrants that any and all shares acquired
         through the exercise of rights under the Option granted pursuant to
         this Agreement will be acquired for Optionee's own account and not with
         a view to, or present intention of, distribution thereof in violation
         of the Securities Act of 1933, as amended and the rules and regulations
         promulgated thereunder (the "1933 Act") and will not be disposed of in
         contravention of the 1933 Act.

         (b) Optionee acknowledges that Optionee is able to bear the economic
         risk of the investment in any and all shares of Stock acquired through
         the exercise of rights under the Option for an indefinite period of
         time because the Stock may not be registered under the 1933 Act and, if
         not, cannot be sold unless subsequently registered under the 1933 Act
         or an exemption from such registration is available.

<PAGE>   2

         (c) Optionee has reviewed this Agreement and has had an opportunity to
         ask questions and receive answers concerning the terms and conditions
         of the offering of Stock and has had full access to such other
         information concerning the Corporation as Optionee has requested.

5.       RESTRICTION ON EXERCISE. This Option may not be exercised if the
         issuance of such shares upon such exercise or the method of payment of
         consideration for such shares would constitute a violation of any
         applicable federal or state securities or other law or regulation. As a
         condition to the exercise of this Option, the Corporation may require
         Optionee to make any representation and warranty to the Corporation as
         may be required by any applicable law or regulation. All exercises of
         the Option must be for full shares of Stock only.

6.       EFFECT OF TERMINATION OF EMPLOYMENT. Except as set forth in Paragraphs
         7, 8 and 9 below, in the event that Optionee's employment with the
         Corporation ceases for any reason, Optionee may (or Optionee's estate
         or representative, in the event of Optionee's death during the
         applicable exercise period as set forth in this Paragraph 6), during
         the earlier of (i) the 180 day period following such cessation of
         employment or (ii) the remaining term of the Option Period, exercise
         the Option to the extent such Option was exercisable on the date such
         employment ceased and, on such date, that portion of the Option which
         was not exercisable shall automatically terminate without further
         action by the parties hereto and, in all events, to the extent not
         exercised, the Option shall terminate in its entirety at the end of
         business on the applicable exercise period as set forth in this
         Paragraph 6.

7.       EFFECT OF TERMINATION OF EMPLOYMENT WITHOUT CAUSE OR DUE TO
         CONSTRUCTIVE TERMINATION.

         (a) In the event that Optionee's employment with the Corporation is
         terminated by the Corporation without "Cause" (as such term is defined
         in subparagraph 7(b) below) or in the event of "Constructive
         Termination" (as such term is defined in subparagraph 7(c) below),
         Optionee shall become immediately fully vested in the Option without
         further action by the parties hereto, and, to the extent not previously
         exercised, shall be exercisable in whole or in part with respect to all
         remaining shares of Stock covered by the Option and may be exercised by
         Optionee (or Optionee's estate or representative, in the event of
         Optionee's death) at any time prior to the expiration of the Option
         Period.

         (b) For purposes of this Agreement, "Cause" shall mean (i) the willful
         and continued failure by Optionee to substantially perform Optionee's
         duties with the Corporation (other than a failure resulting from
         Optionee's death or "Total Disability," as such term is defined in
         subparagraph 7(e) below) after a demand for substantial performance is
         delivered to Optionee by the Corporation which specifically identifies
         the manner in which it is believed that Optionee has not substantially
         performed Optionee's duties; (ii) the willful engaging by Optionee in
         gross misconduct materially and demonstrably injurious to the property
         or business of the Corporation; or (iii) Optionee's commission of
         fraud, misappropriation or a felony. For purposes of this definition of
         "Cause", no act or failure to act on Optionee's part will be considered
         "willful" unless done, or omitted to be done, by Optionee not in good
         faith and without reasonable belief that Optionee's action or omission
         was in the interests of the Corporation or not opposed to the interests
         of the Corporation.

         (c) For purposes of this Agreement, "Constructive Termination" shall
         occur on that date on which Optionee resigns from employment with the
         Corporation, if such resignation occurs within eighteen (18) months
         after the occurrence of (i) the failure of Optionee to be elected or
         re-elected or appointed or reappointed to such office which Optionee
         holds (other than as a result of a termination for "Cause") if Optionee
         is an officer of the Corporation and the office which Optionee holds is
         one to which Optionee is elected according to the Corporation's
         By-laws; (ii) a change in Optionee's functions, duties, or
         responsibilities such that Optionee's position with the Corporation
         becomes substantially less in responsibility, importance, or scope; or
         (iii) a "Change in Control" (as such term is defined in subparagraph
         7(d) below).

         (d) For purposes of this Agreement, a "Change in Control" shall be
         deemed to occur when (i) any "person" or "group" (as such terms are
         used in Sections 3(a), 13(d) and 14(d) of the Securities Exchange Act
         of 1934, as amended, and the rules and regulations promulgated
         thereunder (the "1934 Act")), other

                                       2
<PAGE>   3

         than (1) a trustee or other fiduciary holding securities under any
         employee benefit plan of the Corporation or (2) a corporation owned
         directly or indirectly by the stockholders of the Corporation in
         substantially the same proportions as their ownership of Stock in the
         Corporation immediately prior to any such occurrence, is or becomes the
         "beneficial owner" (as defined in Rule 13d-3 under the 1934 Act),
         directly or indirectly, of securities of the Corporation representing
         20% or more of the total voting power of the then outstanding
         securities of the Corporation entitled to vote generally in the
         election of directors (the "Voting Stock"); (ii) individuals who are
         members of the Board on the date of this Agreement and any individual
         who becomes a member of the Board hereafter whose nomination for
         election as a director was approved by the affirmative vote of a
         majority of such Directors, cease to constitute a majority of the
         members of the Board; (iii) there occurs a merger or consolidation of
         the Corporation with any other corporation or entity, other than a
         merger or consolidation which would result in the Voting Stock of the
         Corporation immediately outstanding prior thereto continuing to
         represent (either by remaining outstanding or by being converted into
         voting securities of the surviving entity) at least 80% of the total
         voting power represented by the Voting Stock or the voting securities
         of such surviving entity outstanding immediately after such merger or
         consolidation; (iv) there occurs a sale or transfer or disposition of
         all or substantially all of the Corporation's assets to any other
         corporation or entity, other than a corporation owned directly or
         indirectly by the stockholders of the Corporation in substantially the
         same proportions as their ownership of Stock in the Corporation
         immediately prior to such sale, transfer or disposition; or (v) the
         dissolution or liquidation of the Corporation.

         (e) For purposes of this Agreement, "Total Disability" shall mean an
         event of illness or other incapacity of Optionee resulting in
         Optionee's failure or inability to discharge Optionee's duties as an
         employee of the Corporation for ninety (90) or more days during any
         period of 120 consecutive days.

8.       EFFECT OF TERMINATION OF EMPLOYMENT DUE TO DEATH OR TOTAL DISABILITY.
         In the event that Optionee's employment with the Corporation ceases or
         is terminated due to Optionee's death or Total Disability, Optionee (or
         Optionee's estate or representative, in the event of Optionee's death)
         may during the earlier of (i) the one (1) year period following such
         cessation or termination of employment or (ii) the remaining term of
         the Option Period, exercise the Option to the extent such Option was
         exercisable on the date such employment ceased or was terminated and,
         on such date, that portion of the Option which was not exercisable
         shall automatically terminate without further action by the parties
         hereto and, in all events, to the extent not exercised, the Option
         shall terminate in its entirety at the end of business on the
         applicable exercise period as set forth in this Paragraph 8; PROVIDED,
         HOWEVER, the Board, in its sole discretion, may approve the full
         vesting to Optionee (or Optionee's estate or representative, in the
         event of Optionee's death) in the Option and, in such event, to the
         extent not previously exercised, the Option shall be exercisable in
         whole or in part with respect to all remaining shares of Stock covered
         the Option and may be exercised by Optionee (or Optionee's estate or
         representative, in the event of Optionee's death) at any time prior to
         the expiration of the Option Period.

9.       EFFECT OF TERMINATION OF EMPLOYMENT FOR CAUSE. In the event that
         Optionee's employment with the Corporation is terminated by the
         Corporation for Cause, the Option, to the extent not then exercised
         (and whether or not then exercisable in whole or in part) shall
         automatically and immediately terminate in its entirety as of the date
         of such termination of employment, without further action by Optionee
         or the Corporation, and Optionee thereafter shall have no rights
         whatsoever with respect to the Option.

10.      RIGHT OF A STOCKHOLDER. Optionee shall not have any rights as a
         stockholder with respect to any shares of Stock unless and until
         legended certificates for such shares of such Stock are issued or
         unless the Optionee has been granted additional applicable rights under
         the Plan.

11.      WITHHOLDING OF TAXES. Whenever the Corporation is required to issue
         shares of Stock upon exercise hereunder, the Corporation shall have the
         right to require the recipient to remit in cash (or with the consent of
         the Board, shares of Stock previously owned by the recipient or
         issuable upon such exercise) to the Corporation an amount sufficient to
         satisfy any federal, state and/or local withholding tax requirements
         prior to the delivery of any certificate or certificates for such
         shares of Stock.

                                       3
<PAGE>   4

12.      ADJUSTMENTS. In the event of any change in the outstanding shares of
         Stock of the Corporation by reason of a stock dividend or distribution,
         recapitalization, spin-off, merger, consolidation, split-up,
         combination, exchange of shares or the like, the Board shall adjust the
         number of shares of Stock which may be issued under the Plan and shall
         provide for an equitable adjustment to (a) the number of shares of
         Stock subject to this Agreement and (b) the option price of this Stock
         Option.

13.      COMPLIANCE WITH CERTAIN LAWS AND REGULATIONS. If the Board shall
         determine, in its sole discretion, that the listing, registration or
         qualification of the shares subject to the Option upon any securities
         exchange or under any law or regulation, or that the consent or
         approval of any governmental regulatory body is necessary or desirable
         in connection with the granting of the Option or the acquisition of
         shares thereunder, the Optionee shall supply the Board or the
         Corporation, as the case may be, with such certificates,
         representations and information as the Board or the Corporation, as the
         case may be, may request and shall otherwise cooperate with the
         Corporation in obtaining any such listing, registration, qualification,
         consent or approval.

14.      TRANSFERABILITY OF OPTION. The Option is not transferable by the
         Optionee other than (i) by will or by the laws of descent and
         distribution or (ii) by gift or domestic relations order to a family
         member of the Optionee (a "Permitted Transferee"), and is exercisable,
         during the Optionee's lifetime, only by a Permitted Transferee, the
         Optionee, or in the case of Optionee's legal incompetency, by
         Optionee's guardian or legal representative.

15.      ADDITIONAL RESTRICTIONS ON TRANSFER. The certificates representing the
         Stock purchased upon the exercise of the Option will bear the following
         legend until such shares of Stock have been registered under an
         effective registration statement under the 1933 Act:

                  The securities represented by this certificate were originally
                  issued on _____________________, 19___, have not been
                  registered under the Securities Act of 1933, as amended, or
                  under the securities laws of any state or other jurisdiction
                  (together, the "Securities Laws") and may not be offered for
                  sale, sold or otherwise transferred or encumbered in the
                  absence of compliance with such Securities Laws and until the
                  issuer hereof shall have received from counsel acceptable to
                  issuer a written opinion reasonably satisfactory to issuer
                  that the proposed transaction will not violate any applicable
                  Securities Laws.

16.      NOTICES. Any notice or demand provided for in this Agreement must be in
         writing and must be either personally delivered, delivered by overnight
         courier, or mailed by first class mail, to the Optionee at Optionee's
         most recent address on file in the records of the Corporation, to the
         Corporation at the address set forth or established pursuant to
         Paragraph 3 or to such other address or to the attention of such other
         person as the recipient party shall have specified by prior written
         notice to the sending party. Any notice or demand under this Agreement
         will be deemed to have been given when received.

17.      SEVERABILITY. This Agreement and each provision hereof shall be valid
         and enforced to the fullest extent permitted by law. The invalidity or
         unenforceability of any provision of this Agreement shall not affect
         the validity or enforceability of any other provision. Without limiting
         the generality of the foregoing, if the scope of any provision
         contained in this Agreement is too broad to permit enforcement to its
         fullest extent, such provision shall be enforced to the maximum extent
         permitted by law, and the parties hereby agree that such scope may be
         judicially modified accordingly.

18.      COMPLETE AGREEMENT. This Agreement and those documents expressly
         referred to herein embody the complete agreement and understanding
         among the parties and supersede and preempt any prior understandings,
         agreements or representations by or among the parties, written or oral,
         which may have related to the subject matter hereof in any way.

19.      COUNTERPARTS. This Agreement may be executed in separate counterparts,
         each of which shall be deemed an original and all of which taken
         together shall constitute one and the same agreement.

                                       4
<PAGE>   5

20.      SUCCESSORS AND ASSIGNS. This Agreement is intended to bind and inure to
         the benefit of and be enforceable by Optionee, the Corporation and
         their respective permitted successors and assigns (including personal
         representatives, heirs and legatees), and is intended to bind all
         successors and assigns of the respective parties, except that Optionee
         may not assign any of Optionee's rights or obligations under this
         Agreement except to the extent and in the manner expressly permitted
         hereby.

21.      REMEDIES. Each of the parties to this Agreement will be entitled to
         enforce its rights under this Agreement specifically, to recover
         damages by reason of any breach of any provision of this Agreement and
         to exercise all other rights existing in its favor. The parties hereto
         agree and acknowledge that money damages may not be an adequate remedy
         for any breach of the provisions of this Agreement and that any party
         may, in its sole discretion, apply to any court of law or equity of
         competent jurisdiction for specific performance and/or injunctive
         relief in order to enforce or prevent any violations of the provisions
         of this Agreement, without the necessity of posting bond or any other
         security.

22.      WAIVER OR MODIFICATION. Any waiver or modification of any of the
         provisions of this Agreement shall not be valid unless made in writing
         and signed by the parties hereto. A waiver by either party of any
         breach of this Agreement shall not operate as a waiver of any
         subsequent breach.

IN WITNESS WHEREOF, the parties have executed this Agreement effective as of the
____ day of _________________, _____.

         OPTIONEE                               UNIVERSAL ELECTRONICS INC.

                                                By:
         ------------------------                  ----------------------------
         Signature                              Its: Chairman and Chief
                                                     Executive Officer

         Print Name

                                       5
<PAGE>   6

Certificate Number:  ____

                           UNIVERSAL ELECTRONICS INC.
                          1999A NONQUALIFIED STOCK PLAN
                            STOCK OPTION CERTIFICATE

THIS CERTIFIES THAT ____________has been awarded an OPTION to purchase ________
shares of common stock, par value $0.01 per share, of UNIVERSAL ELECTRONICS INC.
at a price per share of $____. This Certificate is issued in accordance with and
is subject to the terms and conditions of the related NonQualified Stock Option
Agreement of even date herewith (the "Agreement").

THIS OPTION is not transferable except in accordance with the terms and
conditions of the Agreement.

THIS OPTION shall expire [ten (10)] years from the date of this Certificate.

THIS OPTION shall be exercisable as to all or a portion of the number of shares
set forth above as follows:

On and After the Following                         Maximum Percentage Taking
Dates, But Prior to Expiration                   Into Account Prior Exercises

         __/__/00                                              25%

         __/__/01                                              50%

         __/__/02                                              75%

         __/__/03                                             100%

IN WITNESS WHEREOF, UNIVERSAL ELECTRONICS INC. has caused this Stock Option
Certificate to be signed by its duly authorized officer as of the ____ day of
______, _____.

                                            UNIVERSAL ELECTRONICS INC.

                                            By:______________________________

                                            Its:______________________________

                                       6

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