EXHIBIT 10.60
SECOND AMENDMENT TO SECOND AMENDED
EXECUTIVE OFFICER EMPLOYMENT AGREEMENT
This Second Amendment to the Second Amended Executive Officer Employment
Agreement ("Second Amendment") is made effective as of September 15, 2003 by and
between CALLAWAY GOLF COMPANY, a Delaware corporation (the "Company") and ▇▇▇▇▇▇
▇. ▇▇▇▇▇▇▇ ("Employee").
A. The Company and Employee are parties to that certain Second Amended
Executive Officer Employment Agreement entered into as of June 1, 2002, as
amended by a First Amendment entered into as of March 1, 2003 (as amended, the
"Second Amended Agreement").
B. The Company and Employee desire to amend the Second Amended Agreement
pursuant to Section 15 of the Agreement, in the manner set forth herein.
NOW, THEREFORE, in consideration of the foregoing and other consideration,
the value and sufficiency of which are hereby acknowledged, the Company and
Employee hereby agree as follows:
1. Section 2(a) of the Agreement is amended to read as follows:
"(a) Effective September 15, 2003, ▇▇. ▇▇▇▇▇▇▇ shall serve as
Chairman of the Board and Chief Executive Officer of the Company.
▇▇. ▇▇▇▇▇▇▇'▇ duties shall be the usual and customary duties of the
offices in which ▇▇. ▇▇▇▇▇▇▇ serves. ▇▇. ▇▇▇▇▇▇▇ shall report to the
Board of Directors of the Company."
2. But for the amendments contained herein, and any other written
amendments properly executed by the parties, the Second Amended Agreement shall
otherwise remain unchanged.
3. This Second Amendment is subject to the approval of the Board of
Directors of the Company or appropriate committee thereof.
IN WITNESS WHEREOF, the parties have executed this Second Amendment on the
dates set forth below, to be effective as of the date first written above.
EMPLOYEE COMPANY
Callaway Golf Company,
a Delaware corporation
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇/ By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Senior Executive Vice President
and Chief Legal Officer
Dated: 9/23/03 Dated: 09-23-03
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