Document:

exv4w6

Exhibit 4.6

Stock Option Agreement

This 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 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. 2010 Stock Incentive Plan (the “Plan”).

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

Whereas, the Board has designated and empowered the Committee to administer the Plan; and

Whereas, the Committee has determined that the Optionee, as an Eligible Employee, should
be granted a stock option (“Option”) under the Plan 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.
	 
	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
(a) the election to exercise the Option, (b) the total number of full shares in respect to
which it is being exercised, and (c) shall be signed by the person or persons exercising the
Option. The Exercise Notice shall be accompanied by the Certificate and payment in cash for
the full amount of the purchase price of such shares plus an amount necessary to satisfy
Optionee’s obligations pursuant to Section 11, or as may be permitted by the Committee, 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. In a cashless exercise, as permitted under Federal Reserve Board’s
Regulation T, subject to applicable securities law restrictions, Optionee must notify the
Corporation as to the manner of the transaction.
	 
	4.	 	Optionee’s Covenants and 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.
	 
	 	(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.
	 
	 	(d)	 	Optionee agrees that if Optionee should dispose of any Shares acquired upon the
exercise of an Incentive Stock Option, including a disposition by sale, exchange, gift
or transfer of legal title within two (2) years after the date such Option was granted
to the Optionee or within one (1) year after the transfer of such Shares to the
Optionee upon the exercise of such Option, the Optionee shall notify the Company within
three (3) days after such disposition.

	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 Sections 7 and 8
below and subject to the limitations set forth in Section 9(b), 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 Section 8), during the earlier of (a) the ninety (90) day period following such
cessation of employment or (b) 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 last day of the
applicable exercise period as set forth in this Section 6; provided, however, the Committee,
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 original Option Period.
	 
	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 Section 7(b) below) or in
the event of “Constructive Termination” (as such term is defined in Section 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

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prior to the expiration of the original Option Period, subject to the limitations
set forth in Section 9(b).

	 	(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 Section 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
a reasonable belief that Optionee’s action or omission was in the interests of the
Corporation or not opposed to the best 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 that
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 Section 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 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 (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

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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, subject to the limitations set forth in Section 9(b), during
the earlier of (a) the one (1) year period following such cessation or termination of
employment or (b) 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 last day of the
applicable exercise period as set forth in this Section 8; provided, however, the Committee,
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 original Option Period.

	9.	 	Limitations on Exercise of Incentive Stock Option.

	 	(a)	 	Notwithstanding the foregoing, any Incentive Stock Option granted pursuant to
this Agreement will be exercisable only to the extent that the aggregate fair market
value of the Stock with respect to which the option first becomes exercisable during
any calendar year would not exceed $100,000 (the “$100,000 Exercise Limitation”). In
determining whether the $100,000 Exercise Limitation would be exceeded, all Incentive
Stock Options granted to the Optionee that first become exercisable in that year will
be included in the calculation, whether granted under the Plan or under any other
option plan of the Corporation. If the $100,000 Exercise Limitation would be exceeded
with respect to any Incentive Stock Option grant, the maximum whole number of
underlying shares with an aggregate fair market value not in excess of $100,000 shall
be treated as issued pursuant to an Incentive Stock Option and the remaining shares
shall be treated as issued pursuant to a Non-qualified Stock Option. Finally, if the
Option ceases to qualify as an Incentive Stock Option, as a result of the failure of
the Optionee to exercise the Option within the three (3) month period specified in
Section 9(b) below, the $100,000 Exercise Limitation shall not apply.
	 
	 	(b)	 	In the case of an Incentive Stock Option, the Option must be exercised in full
within three (3) months after cessation of employment, or such Option will no longer
qualify as an Incentive Stock Option and shall thereafter be, and receive the tax
treatment applicable to, a Non-qualified Stock Option.

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	10.	 	Right of a Stockholder. Optionee shall not have any rights as a stockholder with
respect to any shares of Stock underlying a Stock Option, unless and until all the conditions
set forth in Section 5(a) (iii) of the Plan have been satisfied.
	 
	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 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.
	 
	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 Committee shall
adjust the number of shares of Stock which may be issued under the Plan and shall provide for
an equitable adjustment of the exercise price of and the number of shares of Stock issuable
pursuant to each outstanding Option under the Plan.
	 
	13.	 	Compliance with Certain Laws and Regulations. If the Committee 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
Committee or the Corporation, as the case may be, with such certificates, representations and
information as the Committee 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 otherwise
than by will or by the laws of descent and distribution and is 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.
	 
	15.	 	Intentionally Omitted.
	 
	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, and to the Corporation at the address set forth or established pursuant to
Section 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 

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	 	 	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.
	 
	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.

6

 

In Witness Whereof, the parties have executed this Agreement effective on the __ day of
_______, 20_.

	 	 	 	 	 	 	 	 	 

	 
	 	 	 	 	 	 	 	 
	Optionee

	 	 	 	Universal Electronics Inc.	 	 
	 
	 

	 	 
	 	By:
	 	 

	 	 
	Signature

	 	 	 	 	 	Its: Chief Executive Officer	 	 

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Certificate Number: _______

Universal Electronics Inc.

2010 Stock Incentive Plan

Stock Option Certificate

This Certifies That _________ “Employee” has been awarded an Option to purchase
________ (______) shares of common stock, par value $0.01 per share (the “Stock”), of
Universal Electronics Inc.  This Certificate is issued in accordance with and is subject
to the terms and conditions of the related Stock Option Agreement of even date herewith (the
“Agreement”). The number of shares of Stock subject to an Incentive Stock Option, the number of
shares of Stock subject to a Non-qualified Stock Option, and the respective Option prices are as
set forth below:

(a) ________ (____) shares of Stock shall be subject to an Incentive Stock Option at an
Option price of $_____ per share; and

(b) _________ (_______) shares of Stock shall be subject to a Non-qualified Stock Option
at an Option price of $_____ per share.

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:

	 	 	 	 	 	 	 	 	 
	 	 	Incentive Stock Option	 	 
	 	 	Maximum Percentage	 	Non-qualified Stock Option
	On and After the Following	 	Taking Into Account	 	Maximum Percentage Taking
	Dates, But Prior to Expiration	 	Prior Exercises	 	Into Account Prior Exercises
	[Three Months from Grant]
	 	 	8.33	%	 	 	8.33	%
	[Six Months from Grant]
	 	 	16.66	%	 	 	16.66	%
	[Nine Months from Grant]
	 	 	25	%	 	 	25	%
	[Twelve Months from Grant]
	 	 	33.33	%	 	 	33.33	%
	[Fifteen Months from Grant]
	 	 	41.66	%	 	 	41.66	%
	[Eighteen Months from Grant]
	 	 	50	%	 	 	50	%
	[Twenty-one Months from Grant]
	 	 	58.33	%	 	 	58.33	%
	[Twenty-Four Months from Grant]
	 	 	66.67	%	 	 	66.67	%
	[Twenty-Seven Months from Grant]
	 	 	75	%	 	 	75	%
	[Thirty Months from Grant]
	 	 	83.33	%	 	 	83.33	%
	[Thirty-Three Months from Grant]
	 	 	91.67	%	 	 	91.67	%
	[Thirty-Six months from Grant]
	 	 	100	%	 	 	100	%

In Witness Whereof, Universal Electronics Inc.  has caused this Stock Option Certificate
to be signed by its duly authorized officer the ____ day of ____, ___.

Universal Electronics Inc.

	 	 	 	 	 
	By:  	
 	 	 
	 	Its: Chief Executive Officer 	 	 
	 	 	 	 
	 

8exv4w7

Exhibit 4.7

Restricted Stock Unit Award Agreement

     This Restricted Stock Unit Award Agreement (the “Agreement”) is made as of ________,
20__ (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. 2010 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

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	 	 	 	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.

2010 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
_________, 20__ (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

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