Document:

exhibit-10_1.htm

    Ex.
10.1

    

      CONSULTING
SERVICES AGREEMENT

      

      This
Agreement for Consulting Services (“Agreement”), effective April 2, 2008
(“Effective Date”), is by and between Jeffrey C. Selby, an individual residing
at 12041 Layton Drive, Glen Allen, VA 23059 (Tax ID# ###-##-####)
(“Consultant”), and LandAmerica Financial Group, Inc. (“Company”), a Virginia
corporation.

      

      WHEREAS,
Consultant has been employed by Company as the President of its Commercial
Services Channel; and

      

      WHEREAS,
Consultant has notified Company of his intent to retire from full-time
employment with Company effective April 1, 2008; and

      

      WHEREAS,
Company wishes to keep Consultant available to advise members of its senior
leadership on issues related to Consultant’s areas of expertise through the end
of 2008; and

      

      WHEREAS,
the parties wish Consultant to provide such services to Company upon the terms
and conditions set forth herein;

      

      NOW,
THEREFORE, in consideration of the foregoing and mutual promises contained
herein, the parties agree as follows:

      

      1.           Consultant
agrees to provide Company with services as described in this section
(“Services”) for a period beginning on the Effective Date and ending on December
31, 2008 (“Contract Period”).  During the Contract Period, Consultant
will serve as an advisor to the Chairman and Chief Executive Officer of Company
on issues to include mergers and acquisitions, American Land Title Association
initiatives, corporate governance, Board projects and other major policy
initiatives.  Consultant also will be available to advise any member
of Company’s Executive Leadership Team, including his successor as President of
Company’s Commercial Services Channel, on projects and programs with
corporate-wide impact and exposure.  Consultant will provide Services
to the Company for a minimum of fifty (50) hours per month.

      

      2.           Company
shall pay Consultant for Services rendered under this Agreement on a monthly
basis, one month in arrears, at a rate of Three Hundred Seventy-Five Dollars
($375.00) per hour.  In addition, Company agrees to reimburse
reasonable and necessary expenses incurred during the Contract Period by
Consultant in completion of Services under the Agreement pursuant to the terms
and conditions set forth in Company’s Expense Reimbursement
Policy.  Documentation of any and all expenses to be reimbursed under
this Agreement must comply with the standards set forth in that
policy.  Consultant will submit a request for reimbursement on a
monthly basis accompanied by appropriate documentation, along with a monthly
invoice reflecting the total number of hours of Services performed during that
month.  Company will pay approved expenses within thirty (30) days of
receipt of such request.

      

      3.           Consultant
may visit the Company office as needed during Company’s normal working
hours.  Company will provide a workspace for Consultant to use when
Consultant visits Company’s premises.  Consultant shall provide his
own supplies in the performance of the Services.  Company shall not
provide Consultant with any training for the performance of the
Services.  Consultant agrees to observe Company’s rules, policies, and
procedures, including, but not limited to, Company’s Code of Business Conduct
and Ethics and Insider Trading policy, when on Company’s premises and at all
other applicable times.

      

      4.           All
findings, conclusions, work papers, files, and data, including, but not limited
to, all inventions, discoveries, trade secrets, techniques, processes and
know-how, whether or not patentable, copyrightable or otherwise subject to
protection, that are made by Consultant, either alone or with others, in the
performance of the Services or which result, to any extent, from use of
Company’s premises or property (collectively, “Work Product”), shall become the
exclusive property of Company.  Consultant hereby assigns, transfers
and conveys all of Consultant’s right, title and interest in and to any and all
Work Product, including the copyright thereon.  Upon the request and
at the expense of Company, Consultant will execute and deliver any and all
instruments and documents and take such other acts as may be necessary or
desirable to document such transfer or to enable Company to apply for, prosecute
and enforce patents, trademarks or copyrights in any jurisdiction with respect
to any Work Product or to obtain any extension, validation, re-issue,
continuance or renewal of any such intellectual property
right.  Without limiting the foregoing, Consultant shall assign, grant
and convey unto Company all of Consultant’s right, title and interest, now
existing or that may exist in the future, in and to any patents, trademarks or
copyrights and other information and material resulting from the performance of
the Services.  Consultant shall not submit applications for patent,
trademark, or copyright registrations in any country for any information or
materials created by Consultant pursuant to this Agreement.  The
provisions of this Section 4 shall survive the expiration or sooner termination
of the term of this Agreement.

      

      5.           Consultant
agrees to maintain and protect the confidentiality of Company’s Confidential
Information.  “Confidential Information” shall be defined as Company’s
(and its affiliated companies) technical and financial data, processes, trade
secrets, customer and/or employee information, proprietary property, and
policies and procedures, including, but not limited to, any information
Consultant receives as a result of being given access to Company’s computer
system(s).  Confidential Information shall also include any “nonpublic
personal information,” as defined in § 509 of the Gramm-Leach-Bliley Act (P.L.
106-102) (15 U.S.C. § 6809) and implementing regulations
thereof.  Upon termination of this Agreement, for whatever cause,
Consultant shall promptly return to Company all copies of any Confidential
Information, data, records, or materials of whatever nature or kind, including
all materials incorporating the Confidential Information or proprietary property
of Company or its affiliated companies.  Consultant shall also furnish
to Company all work in progress or portions thereof, including all incomplete
work.  Consultant’s obligation to maintain the confidentiality of
Company’s Confidential Information shall survive the termination, for any
reason, of this Agreement.

      

      6.           The
parties acknowledge that, in order to perform the Services provided in this
Agreement, Consultant may require access to Company’s computer system (“Computer
System”). Should Consultant be given access to the Computer System, Consultant
acknowledges that the Computer System and all information contained thereon is
proprietary to Company and Company shall retain title to all such information.
Consultant will adhere to all Company’s rules, policies, and procedures
governing access to the Computer System, will only use the Computer System in
accordance with the Services provided under this Agreement, and will return any
and all equipment or component of the Computer System to which Consultant is
given temporary physical possession in the condition in which it was provided to
Consultant absent normal wear and tear.  Consultant shall ensure that
his equipment is not used to gain illegal or otherwise unauthorized access to
the System, either by Consultant or third parties gaining access to Consultant’s
systems (commonly referred to as “hackers”).  Consultant is
responsible for establishing and maintaining the appropriate security devices
(firewalls, etc.) to prevent unauthorized access to the
System.  Consultant’s use of the System shall be free of all known
bugs, viruses, so-called “time bombs” or other functions, routines, devices, or
instructions designed or available to create unauthorized access to or
interruption in the proper functioning of the System or any connected
applications of Company. Consultant will not access or attempt to access
(through hacking, password mining, or any other means) any areas of (or through)
the System to which Consultant has not been advised by Company that Consultant
has access.  Consultant shall also not bypass or attempt to bypass any
security mechanisms in place on the System or to use the System to attempt to
bypass any security mechanisms in place on any other system.  This
includes, but is not limited to, running any password cracking software, or
attempting to access a system that Consultant knows or reasonably should know
Consultant is not authorized to access in the manner or to the extent
attempted.  Consultant understands that Company is not responsible for
the content of transmissions that may pass through the
System.  Consultant agrees that he will not use the System in ways
that violate laws, infringe the rights of others, or interfere with the users,
services, or equipment of the System.  Consultant acknowledges that
Company is not responsible for any of Consultant’s property or data stored or
maintained on the System.  This shall include, but is not limited to,
any data stored or maintained on the System, including the loss, corruption, or
back-up thereof.  The maintenance, updating, and protection of
Consultant’s data and other property are the complete and total responsibility
of Consultant.  Consultant acknowledges that access to the Computer
System is subject to review and there is no expectation of privacy regarding
such use.  Further, Consultant acknowledges that access to the
Computer System is at Company’s sole discretion and can be terminated at any
time, with or without prior notice.

      

      7.           Consultant
agrees not to hire or solicit employment of any of Company’s personnel during
the term of this Agreement and for a period of six (6) months after the
conclusion of this Agreement, absent written consent thereto by
Company.

      

      8.           Consultant
shall indemnify and hold harmless Company (and affiliated companies) against all
liability, damages, costs, and fees (including attorneys’ fees), in connection
with, and will assume full responsibility for, (a) payment of all federal, state
and local taxes, and/or contributions imposed or required under workers’
compensation, unemployment insurance, Social Security, and income tax laws with
respect to Consultant; (b) all liability, damages, costs, and fees (including
attorneys’ fees), arising from or related to Consultant’s acts or omissions or
negligence in the performance of the Services; (c) all liability, damages,
costs, and fees (including attorneys’ fees), arising from or related to
Consultant’s access to the Computer System.

      

      9.           Consultant
hereby represents to Company that he may perform similar services for other
customers, although Consultant agrees that he will not perform such services to
the extent they interfere with his obligations under Section 1 of this
Agreement.  It is the intention of the parties that Consultant shall
provide the Services to Company as an independent contractor and not as an
employee of Company.  Accordingly, Consultant shall not be eligible to
participate as an active participant in any benefit plans offered by Company to
its employees.

      

      10.           Consultant
hereby represents to Company, and Company expressly relies upon such
representation, that Consultant is not a party to any existing agreement that
would prevent Consultant from entering into and performing the Services
described in this Agreement.  Consultant will not enter into any other
agreement that is in conflict with Consultant’s obligations under this
Agreement.

      

      11.           Consultant
acknowledges that nothing contained in this Agreement shall convey or confer
upon Consultant any right to use Company’s trademarks, trade names, service
marks, copyrights, logos and other proprietary property without Company’s
express written prior permission and that such shall, at all times, remain the
sole property of Company.

      

      12.           Consultant
shall maintain complete records of all costs payable by Company under the terms
of this Agreement for three (3) years after the termination of this
Agreement.  Such records shall specifically include, but are not
limited to, timesheets and expense records for Consultant’s provision of
Services to Company.  All such records shall be maintained in
accordance with recognized accounting practices.  Consultant will
assist Company in meeting its audit and any other regulatory requirements,
including providing access to Consultant’s books and records pertaining to
services provided to Company, to enable Company and its auditors and examiners
to conduct appropriate audits and examinations of the operations of Consultant,
including those required by law, which have been customarily performed by
Company to verify: (a) accuracy of Consultant’s charges to Company and (b) that
services are being performed in accordance with the terms of this
Agreement.  If any audit or examination reveals that Consultant’s
invoices for the audited period are not correct for such period, Consultant
shall promptly reimburse Company for the amount of any overcharges.

      

      13.           This
Agreement and the rights granted to either party hereunder may not be assigned
by either party in whole or in part without the prior written consent of the
other party.  This Agreement shall be governed and construed in
accordance with the laws of the Commonwealth of Virginia.  If any
provision of this Agreement shall, for any reason, be adjudged to be void,
invalid or unenforceable by a court of law, the remainder of this Agreement
shall continue and remain in full force and effect.  The failure of
either party to enforce any provision of this Agreement shall not constitute a
waiver of such party’s right to pursue any prior or subsequent breach, violation
or default of the Agreement. This Agreement contains the entire agreement
between the parties relative to the Services provided herein.  No
amendment, wavier or discharge of any provision of this Agreement shall be
effective against any party unless that party shall have consented thereto in
writing.

      

      

      
        	
                Consultant

                 

                 

                ___________________________________

                Jeffrey
      C. Selby

              	 
      	
                LandAmerica
      Financial Group, Inc.

                 

                 

                By:________________________________

                     Theodore
      L. Chandler, Jr.

                     Chairman
      and Chief Executive Officerexv4w5

 

EXHIBIT 4.5

Restricted Stock Unit Award Agreement

          This Restricted Stock Unit Award Agreement (the “Agreement”) is made as of January
29, 2008 (the “Grant Date”) by and between Universal Electronics Inc., a Delaware corporation (the
“Corporation”), and the undersigned employee (the “Employee”). As used in this Agreement, the term
“Corporation” shall include, where applicable, any and all of its subsidiaries or related entities.
Any capitalized term used in this Agreement that is not defined herein shall have the meaning
thereof set forth in the Universal Electronics Inc. 2006 Stock Incentive Plan (the “Plan”), a copy
of which can be obtained by written request to the Corporation’s Chief Financial Officer.

          Whereas, the Board of Directors of the Corporation (the “Board”) have approved the
Plan;

          Whereas, the Board has designated and empowered the Compensation Committee of the
Board (the “Committee”) to administer the Plan; and

          Whereas, the Committee has authorized grants of Restricted Stock Units (the “RSUs”)
to Eligible Employees, payable in shares of the Corporation’s common stock, par value $0.01 per
share (“Stock”) pursuant to the terms and conditions set forth in the Plan and in this Agreement;

          Now, Therefore, the parties, intending to be legally bound, hereto agree as follows:

	1.	 	Grant of the RSUs. Subject to the terms and conditions set forth herein, the
Employee is hereby granted                      (     ) RSUs on the Grant Date.
	 
	2.	 	Vesting of the RSUs and Issuance and Delivery of Stock. Subject to earlier
termination, acceleration or cancellation of the RSUs as provided herein, the RSUs shall vest
in twelve (12) equal increments (rounded to the nearest whole unit) on the last day of each
calendar quarter (each a “Vesting Date”), commencing in the first calendar quarter following
the Grant Date and continuing in each calendar quarter thereafter until fully vested; provided
that the Employee continues to be employed by the Corporation on each such Vesting Date.
Subject to Sections 6 and 7 of this Agreement, upon the vesting of the RSUs and as soon as
administratively practicable after each Vesting Date, the Corporation shall issue and deliver
to the Employee (or the Employee’s estate or legal representative, in the event of Employee’s
death or “Total Disability” (as such term is defined in Section 4(e)) one (1) share of Stock
free and clear of any restrictions for each vested RSU. Such issued and delivered shares of
Stock shall be in book-entry form maintained by the Corporation’s Transfer Agent and shall
otherwise be transferable utilizing the Corporation’s Direct Registration System and Profile
Modification System.
	 
	3.	 	Effect of Termination of Employment. Except as set forth in Section 4, in the
event that the Employee’s employment with the Corporation is terminated for any reason, any
RSUs that are unvested as of such date shall be immediately forfeited and cancelled

1

 

	 	 	without further action by the parties hereto, and the Employee shall no longer have any
rights with respect to the forfeited and cancelled RSUs (or any Dividend Equivalents with
respect thereto).
	 
	4.	 	Effect of Termination of Employment Without Cause or Due to Constructive Termination and
Effect of Change In Control.

	 	(a)	 	In the event that (i) the Employee’s employment with the Corporation is
terminated (A) by the Corporation without “Cause” (as such term is defined in Section
4(b) below) or (B) by the Employee as the result of a “Constructive Termination” (as
such term is defined in Section 4(c) below), or (ii) a “Change in Control” (as such
term is defined in Section 4(d) below) occurs, the Employee shall be fully vested in
the RSUs as of such date of termination or the effective date of the Change in Control,
whichever may apply, without further action by the parties hereto.
	 
	 	(b)	 	For purposes of this Agreement, “Cause” shall mean (i) the willful and
continued failure by the Employee to substantially perform the Employee’s duties with
the Corporation (other than a failure resulting from the Employee’s death or “Total
Disability” (as such term is defined in Section 4(e) below) after a demand for
substantial performance is delivered to the Employee by the Corporation, which
specifically identifies the manner in which it is believed that the Employee has not
substantially performed the Employee’s duties; (ii) the willful engaging by the
Employee in gross misconduct that is materially and demonstrably injurious to the
property or business of the Corporation; or (iii) the Employee’s commission of a fraud,
misappropriation or a felony. For purposes of this Section 4(b), no act or failure to
act by the Employee shall be considered “willful” unless such act or failure to act is
done, or omitted to be done, without good faith and without a reasonable belief that
the Employee’s action or omission was in the best interests of the Corporation or not
opposed to the best interests of the Corporation.

	(c)     	(i)	 	 For purposes of this Agreement, “Constructive Termination” shall mean the
termination of the Employee’s employment with the Corporation by the Employee within
eighteen (18) months after the occurrence of a material diminution in the Employee’s
authority, duties, or responsibilities; provided that a termination by the Employee
will only constitute a Constructive Termination if (A) the Employee gives the
Corporation a “Notice of Constructive Termination” (as defined in Section 4(c)(ii)
below) within ninety (90) calendar days following the occurrence of the event that
constitutes a Constructive Termination and (B) the Corporation fails to remedy the
event constituting a Constructive Termination within thirty (30) calendar days after
receipt of the Notice of Constructive Termination from the Employee. If the Employee
determines that a Constructive Termination exists and timely files a Notice of
Constructive Termination, such determination shall be presumed to be true and the
Corporation will have the burden of proving that a Constructive Termination does not
exist. Failure of the Employee to

2

 

	 	 	 	provide a Notice of Constructive Termination within the 90-day period
described above shall be conclusive proof that the Employee shall not have a
Constructive Termination.
	 
	 	(ii)	 	For purposes of this Section 4(c), “Notice of Constructive
Termination” shall mean a written notice by the Employee to the Corporation
which sets forth in reasonable detail the specific reason for a termination of
employment for Constructive Termination and the facts and circumstances claimed
to provide a basis for such termination and is provided to the Corporation in
accordance with the terms set forth in Section 4(c)(i) above.

	 	(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 than (A) a trustee or other fiduciary
holding securities under any employee benefit plan of the Corporation or (B) 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 (including any non-director added pursuant to this clause),
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
outstanding immediately 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 that (i) the
Employee is unable to engage in any substantial gainful activity by reason of any
medically determinable physical or mental impairment that can be expected to result in
death or can be expected to last for a continuous period of not less than twelve (12)
months or (ii) the Employee is, by reason of any medically

3

 

	 	 	 	determinable physical or mental impairment that can be expected to result in death
or can be expected to last for a continuous period of not less than twelve (12)
months, receiving income replacement benefits for a period of not less than three
(3) months under an accident and health plan covering employees of the Corporation.

	5.	 	Employee’s Rights as Stockholder. Prior to the vesting of the RSUs, the
Employee shall have no rights as a stockholder with respect to the Stock to be issued upon the
vesting of the RSUs. However, the Employee shall be credited with an amount equal to all cash
dividends (“Dividend Equivalents”) that would have been paid to the Employee if one share of
Stock had been issued to the Employee on the Grant Date for each RSU granted to the Employee
as set forth in this Agreement. Upon the vesting of the RSUs, in addition to the issuance and
delivery of Stock in accordance with Section 2, the Employee shall be entitled to payment of
the Dividend Equivalents in cash.
	 
	6.	 	Changes in Stock. In the event of any merger, reorganization, consolidation,
recapitalization, stock dividend or distribution, spin-off, split-up, combination, exchange of
 shares, or other change in corporate structure or capitalization affecting the Stock, and if
by virtue of any such change the Employee would have been entitled to
additional or different shares of any security, if one share of Stock had been issued to the Employee on the Grant
Date for each RSU granted to Employee as set forth in this Agreement, the Employee shall, upon
vesting of the RSUs, be entitled to receive such new or additional or different shares or
securities and such new or additional or different shares or securities shall be subject to
all of the conditions and restrictions which were applicable to the Stock pursuant to this
Agreement.
	 
	7.	 	Taxes. The Employee shall be liable for any and all applicable federal, state and
local tax withholding requirements arising out of this grant or the vesting of the RSUs
hereunder. Employee shall satisfy his or her withholding tax obligation in accordance with
Employee’s selection of one of the withholding options as set forth in the Withholding
Election attached hereto as Exhibit A and Employee agrees that such selection is
irrevocable. The Employee further agrees that the issuance and delivery of the Stock in
accordance with Section 2 is conditioned on the payment by Employee to the Corporation of an
amount equal to the taxes required to be withheld by the Corporation as a result of the
vesting of the RSUs and that no such Stock shall be issued and delivered to Employee until
Employee’s tax withholding obligations have been satisfied. If the Employee is an executive
officer of the Corporation, the election to satisfy the tax withholding obligations relating
to the vesting of the RSUs in the manner permitted by this Section 7 shall be made during the
“window period” as described in the Corporation’s Insider Trading Policies unless otherwise
determined in the sole discretion of the Committee.
	 
	8.	 	Transferability of RSUs. The RSUs or any of the rights granted hereunder may not be
sold, pledged or otherwise transferred otherwise than by will or the laws of descent and
distribution.
	 
	9.	 	Notices. Any notice or demand provided for in this Agreement must be in writing and

4

 

	 	 	must be either personally delivered, delivered by overnight courier, or mailed by first
class mail, to the Employee at the Employee’s most recent address on file in the records of
the Corporation, and to the Corporation at 6101 Gateway Drive, Cypress, California 90630,
Attention: Chief Financial Officer, 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.
	 
	10.	 	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.
	 
	11.	 	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.
	 
	12.	 	No Promise of Employment. Neither the Plan nor this Agreement nor any provisions
under either shall be construed so as to grant the Employee any right to remain in the employ
of the Corporation.
	 
	13.	 	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.
	 
	14.	 	Successors and Assigns. This Agreement is intended to bind and inure to the benefit
of and be enforceable by the Employee, 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 the
Employee may not assign any of the Employee’s rights or obligations under this Agreement
except to the extent and in the manner expressly permitted within this Agreement.
	 
	15.	 	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.

5

 

	16.	 	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.
	 
	17.	 	Governing Law. This Agreement shall be governed and construed and the legal
relationships of the parties determined in accordance with the laws of the state of Delaware
without reference to principles of conflict of laws.
	 
	18.	 	Section 409A of the Code. To the extent applicable, it is intended that this
Agreement and the Plan comply with the provisions of Section 409A of the Code, so that the
income inclusion provisions of Section 409A(a)(1) do not apply to the Employee. This
Agreement and the Plan shall be administered in a manner consistent with this intent.
Reference to Section 409A of the Code is to Section 409A of the Internal Revenue Code of 1986,
as amended, and will also include any regulations, or any other formal guidance, promulgated
with respect to such Section by the U.S. Department of the Treasury or the Internal Revenue
Service.

          In Witness Whereof, the parties have executed this Agreement as of the date first
above written.

	 	 	 	 	 	 	 
	Employee	 	 	 	Universal Electronics Inc.
	 
	 	 	 	 	 	 
	
 

	 	 	 	By:
	 	
 

	Name:

	 	 	 	Its:
	 	Chairman & Chief Executive Officer

6

 

EXHIBIT A

Universal Electronics Inc.

2006 Stock Incentive Plan

Restricted Stock Unit Award withholding election

     This RSU withholding election is made by                      (“Employee”) with
respect to the grant of                      (     ) RSUs (the “Grant”) in accordance with the terms set
forth in the Restricted Stock Unit Award Agreement, dated January 29, 2008 (the “Agreement”). Such
election shall be effective on the date as set forth below and shall be irrevocable after that
date. All capitalized terms used in this RSU Withholding Election shall have the meanings given to
them in the Agreement.

     Employee hereby selects the following method to satisfy his or her tax withholding
obligations with respect to the Grant [Place Initials in One Box Only]:

	 	 	 
	o

	 	I hereby authorize the Corporation to withhold the number of shares of
Stock required to satisfy my tax withholding obligations due on each
Vesting Date from the shares of Stock to be issued upon the vesting of my
RSUs.
	 
	 	 
	o

	 	I hereby agree to deliver payment to the Corporation on each Vesting Date
in an amount equal to the amount required to satisfy my tax withholding
obligations due on each Vesting Date. I further understand and agree that
no shares of Stock will be issued and delivered to me until such payment
has been made.
	 
	 	 

	 	 	 	 	 
	 

Name:

	 	 
	 	 

Date

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]