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                                                                   EXHIBIT 10.15

                                  S2 GOLF INC.
                            1998 EMPLOYEE STOCK PLAN

                                    ARTICLE 1
                                     GENERAL

1.01.      PURPOSE.

           The purposes of this 1998 Employee Stock Plan (the "Plan") are to:
(1) provide awardees, including certain employees and consultants of S2 Golf
Inc. (the "Company"), with an equity ownership in the Company commensurate with
Company performance, as reflected in increased stockholder value; (2) maintain
competitive compensation levels; and (3) provide an incentive to employees for
continuous employment with the Company.

1.02.      EFFECTIVE DATE AND TERM OF PLAN.

           (a) The Plan shall become effective as of June 30, 1998.

           (b) No awards shall be made under the Plan after June 30, 2008;
provided, however, that the Plan and all awards made under the Plan prior to
that date shall remain in effect until those awards have been satisfied or
terminated in accordance with the Plan and the terms of the awards.

1.03.      ADMINISTRATION.

           (a) ADMINISTRATOR. Except as further provided in this Section
1.02(a), the Plan shall be administered by the full membership of the Board of
Directors of the Company (the "Board") or a subcommittee of the Board (the
"Committee") composed of at least two members who shall be appointed by, and
serve at the pleasure of, the Board. The Board and the Committee are each
alternatively called the "Administrator." If a Committee is appointed, each
member of the Committee must be a "non-employee director" within the meaning of
Rule 16b-3 ("Rule l6b-3"), as amended from time to time, under the Securities
Exchange Act of 1934, as amended.

           (b) COMMITTEE ACTION. A majority of the members of the Committee
shall constitute a quorum, and the action of a majority of the members present
at a meeting at which a quorum is present, or which is authorized in writing by
all members, shall be the action of the Committee. A member participating in a
meeting by telephone or similar communications equipment shall be deemed present
for this purpose if the member or members who are present in person can hear him
and he can hear them.

           (c) AUTHORITY OF THE ADMINISTRATOR. The Administrator shall have the
power: (1) to determine and designate in its sole and absolute discretion from
time to time those employees of the Company and non-employees who are eligible
to participate in the Plan and to whom awards are to be granted; (2) to
authorize the granting of options; (3) to determine the

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number of shares granted under an option award, subject to limitations provided
under Section 1.05; (4) to determine the time or times and the manner when each
award shall be exercisable and the duration of the exercise period, subject to
limits provided under Section 2.04; and (5) impose limitations, restrictions and
conditions upon any award as the Administrator shall deem appropriate.

                  The Administrator may interpret the Plan, prescribe, amend and
rescind any rules and regulations necessary or appropriate for the
implementation or administration of the Plan, any grants hereunder and any
agreement relating to any grant and may make other determinations and take other
action as it deems necessary or advisable. An interpretation, determination or
other action made or taken by the Administrator shall be final, binding and
conclusive.

           (d) INDEMNIFICATION OF ADMINISTRATOR. In addition to other rights
that they may have as members of the Board, the members of the Committee shall
be indemnified by the Company against the reasonable expenses, including
attorney's fees actually and reasonably incurred in connection with the defense
of any action, suit or proceeding (a "Proceeding"), or in connection with any
appeal therein, to which they or any of them may be a party by reason of any
action taken or failure to act under or in connection with the Plan or any award
granted thereunder, and against all amounts paid by them in settlement thereof
or paid by them in satisfaction of a judgment in any such Proceeding, except in
relation to matters as to which it shall be adjudged in the Proceeding that the
action or failure to act by the member of the Administrator constituted
self-dealing, willful misconduct or recklessness; provided that the member of
the Administrator shall in writing offer the Company the opportunity, at its own
expense, to handle and defend the Proceeding within 60 days after institution
thereof.

1.04.      ELIGIBILITY FOR PARTICIPATION.

           Participants in the Plan shall be selected by the Administrator from
the Company's employees, including executive officers of the Company, whom the
Administrator deems capable of making a contribution to the success of the
Company. In addition, non-employee consultants and agents who have the
capability of making a contribution to the success of the Company may also
participate in the Plan. In making this selection and in determining the form
and amount of awards, the Administrator shall consider any factors deemed
relevant, including the individual's functions, responsibilities, value of
services to the Company and past and potential contributions to the Company's
profitability and sound growth.

1.05.      LIMITATION ON AWARDS.

           (a) Shares of stock which may be issued under the Plan shall be
authorized and unissued or treasury shares of Common Stock of the Company
("Common Stock"). The maximum number of shares of Common Stock which may be
issued under the Plan shall be 500,000. The Administrator may not grant options
exercisable for more than 125,000 shares of Common Stock under the Plan in any
calendar year.

           (b) For purposes of calculating the maximum number of shares of
Common Stock which may be issued under the Plan:

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                  (i) all the shares issued (including the shares, if any,
withheld for tax withholding requirements) shall be counted when cash is used as
full payment for shares issued upon exercise of a Stock Option; and

                  (ii) only the net shares issued (including the shares, if any,
withheld for tax withholding requirements) shall be counted when shares of
Common Stock are used as full or partial payment for shares issued upon exercise
of a Stock Option, if payment of the exercise price in such manner is permitted
under the terms of the award.

           (c) Shares tendered by a participant as payment for shares issued
upon exercise of a Stock Option shall be available for issuance under the Plan,
if payment of the exercise price in such manner is permitted under the terms of
the award. Any shares of Common Stock subject to a Stock Option which for any
reason is terminated unexercised, or expires, shall again be available for
issuance under the Plan.

                                    ARTICLE 2
                                  STOCK OPTIONS

2.01.      AWARD OF STOCK OPTIONS.

           The Administrator may from time to time, and subject to the
provisions of the Plan and other terms and conditions as the Administrator may
prescribe, grant to any participant in the Plan one or more options to purchase
the number of shares of Common Stock ("Stock Options") allotted by the
Administrator. The exercise price for such Stock Options shall be payable in
cash, or, if the Administrator shall so specify, shares of previously owned
Common Stock or Common Stock issuable on exercise of the Stock Option. The date
a Stock Option is granted is the date selected by the Administrator as of which
the Administrator allots a specific number of shares to a participant pursuant
to the Plan.

2.02.      STOCK OPTION AGREEMENTS.

           The grant of a Stock Option shall be evidenced by a written Stock
Option Agreement, executed by the Company and the holder of a Stock Option,
stating the number of shares of Common Stock subject to the Stock Option
evidenced thereby, and in the form as the Administrator may from time to time
determine.

2.03.      STOCK OPTION PRICE.

           Except in the case of an exchange of a Stock Option granted under
this Plan for a stock option granted outside this Plan, the option price per
share of Common Stock deliverable upon the exercise of a Stock Option shall be
100% of the fair market value of a share of Common Stock on the date the Stock
Option is granted. The "fair market value of a share of Common Stock on the date
the Option is granted" means the average of the high and low prices of the
Common Stock as reported on the Nasdaq Small Cap System on the last trading day
prior to the time the Stock Option is granted, or if the Common Stock ceases to
be traded on the Nasdaq Small Cap System, the last

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determinable market price or value as reasonably determined by the Administrator
in accordance with customarily accepted practices for determining the price or
value of stock traded in a like manner as the Common Stock is then traded. If a
Stock Option is granted under this Plan in exchange for a stock option granted
outside this Plan, the per share exercise price of the Stock Option issued under
this Plan may, at the election of the Administrator, be the same price as that
of the stock option granted outside this Plan which is being exchanged.

2.04.      TERM AND EXERCISE.

           Each Stock Option shall first be exercisable and/or become
exercisable according to the vesting schedule as is determined by the
Administrator and provided in the Stock Option Agreement. Each Stock Option
shall be for a term of ten years, subject to earlier termination as provided in
Section 2.07, unless the Stock Option Agreement expressly provides for a
different term, not in excess of ten years, and/or expressly provides that any
or all of the provisions of Section 2.07 shall not apply. No Stock Option shall
be exercisable after the expiration of its option term.

2.05.      MANNER OF PAYMENT.

           Each Stock Option Agreement shall set forth the procedure governing
the exercise of the Stock Option granted thereunder, and shall provide that,
upon exercise in respect of any shares of Common Stock subject thereto, the
optionee shall pay to the Company, in full, the option price for the shares with
cash or, if the terms of the award so permit, with previously owned Common Stock
or Common Stock issuable on exercise of the Stock Option.

2.06.      CERTIFICATES.

           As soon as practicable after receipt of payment for shares of Common
Stock purchased upon the exercise of a Stock Option, the Company shall deliver
to the optionee a certificate or certificates for the shares of Common Stock.
The optionee shall become a stockholder of the Company with respect to Common
Stock represented by share certificates so issued and as such shall be fully
entitled to receive dividends, to vote and to exercise all other rights of a
stockholder.

2.07.      TERMINATION OF EMPLOYMENT.

           (a) DEATH OF OPTIONEE. Upon the death of the optionee, any rights
exercisable on the date of death may be exercised by the optionee's estate, or
by a person who acquires the right to exercise the Stock Option by bequest or
inheritance or by reason of the death of the optionee, provided that the
exercise occurs prior to the earlier of (i) the end of the remaining term of the
Stock Option and (ii) one year after the optionee's death. The provisions of
this Section shall apply notwithstanding the fact that the optionee's employment
may have terminated prior to death, but only to the extent of any rights
exercisable on the date of death.

           (b) RETIREMENT OR DISABILITY. Upon termination of the optionee's
employment by reason of retirement or permanent disability (as each is
determined by the Administrator), the

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optionee may, within 36 months from the date of termination, exercise any Stock
Options to the extent the options are exercisable during the 36-month period.

           (c) Termination for Other Reasons. Except as provided in Sections
2.07(a) or (b), or except as otherwise determined by the Administrator, all
Stock Options shall terminate three months after the termination of the
optionee's employment.

                                    ARTICLE 3
                                  MISCELLANEOUS

3.01.      GENERAL RESTRICTION.

           Each award under the Plan shall be subject to the requirement that,
if at any time the Administrator shall determine that (i) the listing,
registration or qualification of the shares of Common Stock subject or related
thereto upon any securities exchange or under any state or federal law, or (ii)
the consent or approval of any government regulatory body, or (iii) an agreement
by the grantee of an award with respect to the disposition of shares of Common
Stock is necessary or desirable as a condition of, or in connection with, the
granting of the award or the issue or purchase of shares of Common Stock
thereunder, the award may not be consummated in whole or in part unless the
listing, registration, qualification, consent, approval or agreement shall have
been effected or obtained free of any conditions not acceptable to the
Administrator.

3.02.      NON-ASSIGNABILITY.

           No award under the Plan shall be assignable or transferable by the
recipient thereof, except by will or by the laws of descent and distribution.
During the life of the recipient, the award shall be exercisable only by that
person or by that person's guardian or legal representative.

3.03.      WITHHOLDING TAXES.

           Whenever the Company proposes or is required to issue or transfer
shares of Common Stock under the Plan, the Company shall have the right to
require the grantee to remit to the Company an amount sufficient to satisfy any
federal, state and/or local withholding tax requirements prior to the delivery
of any certificate or certificates for the shares. Alternatively, the Company
may issue or transfer the shares of Common Stock net of the number of shares
sufficient to satisfy the withholding tax requirements. For withholding tax
purposes, the shares of Common Stock shall be valued on the date the withholding
obligation is incurred.

3.04.      RIGHT TO TERMINATE EMPLOYMENT.

           Nothing in the Plan or in any agreement entered into pursuant to the
Plan shall confer upon any participant the right to continue in the employment
of the Company or affect any right which the Company may have to terminate the
employment of the participant.

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3.05.      NON-UNIFORM DETERMINATIONS.

           The Administrator's determinations under the Plan (including without
limitation determination of the persons to receive awards, the form, amount and
timing of the awards, the terms and provisions of the awards and the agreements
evidencing them) need not be uniform and may be made by it selectively among
persons who receive, or are eligible to receive, awards under the Plan, whether
or not the persons are similarly situated.

3.06.      RIGHTS AS A STOCKHOLDER.

           The recipient of any award under the Plan shall have no rights as a
stockholder with respect thereto unless and until certificates for shares of
Common Stock are issued to the recipient.

3.07.      LEAVES OF ABSENCE.

           The Administrator shall be entitled to make rules, regulations and
determinations as it deems appropriate under the Plan in respect of any leave of
absence taken by the recipient of any award. Without limiting the generality of
the foregoing, the Administrator shall be entitled to determine (i) whether or
not any leave of absence shall constitute a termination of employment within the
meaning of the Plan and (ii) the impact, if any, of any leave of absence on
awards under the Plan previously made to any recipient who takes a leave of
absence.

3.08.      NEWLY ELIGIBLE EMPLOYEES.

           The Administrator shall be entitled to make rules, regulations,
determinations and awards as it deems appropriate in respect of any employee who
becomes eligible to participate in the Plan or any portion thereof after the
commencement of an award or incentive period.

3.09.      ADJUSTMENTS.

           In any event of any change in the outstanding Common Stock by reason
of a stock dividend or distribution, recapitalization, merger, consolidation,
split-up, combination, exchange of shares or the like, the Administrator may
appropriately adjust the number of shares of Common Stock which may be issued
under the Plan, the number of shares of Common Stock subject to awards
previously granted under the Plan, the exercise price of awards previously
granted under the Plan and any and all other matters deemed appropriate by the
Administrator.

3.10.      AMENDMENT OF THE PLAN.

           The Board may terminate this Plan, and may, without action by the
stockholders and without receiving further consideration from the participants,
amend this Plan or condition or modify awards under this Plan, including,
without limitation, amendments, conditions or modifications in response to
changes in securities or other laws or rules, regulations or regulatory
interpretations thereof applicable to this Plan or to comply with stock exchange
rules or requirements.

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                                                                  EXHIBIT 10.18

                          CONSULTING SERVICES AGREEMENT

                  This CONSULTING SERVICES AGREEMENT (this "Agreement") is made
and entered into this 15th day of December, 2000 and is effective the 1st day of
January 2000 by and between MR & Associates, a Pennsylvania limited partnership
("M&R"), and S2 Golf Inc., a New Jersey corporation ("S2").

                  WHEREAS, S2 is engaged in the business of manufacturing and
selling men's and women's golf equipment through a nationwide dealer network;
and

                  WHEREAS, in connection with such business, S2 desires to
retain M&R to provide administrative and financial consulting assistance as may
be necessary to enable S2 to conduct its business (the "Consulting Assistance");
and

                  WHEREAS, S2 desires to contract with M&R, and M&R desires to
accept such engagement from S2, for the provision of the Consulting Assistance
upon the terms and conditions hereinafter set forth.

                  NOW, THEREFORE, in consideration of the mutual covenants and
conditions contained herein and other good and valuable consideration, and
intending to be legally bound hereby, M&R and S2 agree as follows:

         1.       ADMINISTRATIVE AND OPERATING SERVICES.

                  (a) For the period of time extending from January 1, 2000
until December 31, 2001, and as shall be renewed on an annual basis unless
either party provides the other with at least thirty (30) days' written notice
prior to any such annual renewal that this Agreement will not be so renewed, M&R
hereby accepts such engagement to provide the Consulting Assistance, subject to
the prevailing conditions affecting S2's business and subject to the terms and
conditions of this Agreement. Such Consulting Assistance shall include, but not
necessarily be limited to, the following:

                  i)      financial counseling, including negotiation and
                          placement of bank financings and refinancings;

                  (ii)    making available certain legal services;

                  (iii)   assisting in investment decisions:

                  (iv)    assisting in procuring insurance coverages;

                  ii)     assisting in employee benefit plan implementation;

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                            (vi)    assistin g in finding, negotiating and
                                    closing any and all acquisitions to be made
                                    by S2; and

                            (vii)   assisting in any sale or divestiture of a
                                    substantial portion or all of S2.

                           (b) As compensation for its efforts under this
         Agreement, S2 shall pay to M&R a consulting fee of (i) $60,000 (for
         calendar year 2000 services rendered) on or before December 31, 2000
         and (ii) $5,000 per month, payable in advance each month beginning
         January 1, 2001.

                  2.       INDEMNITY.

                           (a) S2 shall indemnify and hold M&R, its employees,
         officers, directors, shareholders, agents and servants harmless from
         any and all claims, suits, demands, losses and liability, except as may
         arise from the gross negligence or willful act of M&R, its employees,
         officers, directors, shareholders, agents or servants, whether based in
         contract, tort (including strict liability), or otherwise, asserted by
         any and all persons and organizations whatsoever, including S2
         employees, arising from, related to, or as a consequence of any act or
         omission by M&R or its employees or representatives in providing any
         service hereunder.

                           (b) M&R shall indemnify and hold S2 harmless from any
         and all claims, suits, demands, losses and liability, asserted by any
         and all persons and organizations whatsoever arising from the gross
         negligence or willful misconduct of M&R, its employees, officers,
         directors, shareholders, agents or servants.

                  3.       CONSEQUENTIAL AND OTHER DAMAGES. M&R shall not be
         liable to S2 for any special, indirect, incidental or consequential
         damages whatsoever which in any way arise out of, relate to, or are a
         consequence of, M&R's or its employees' performance or nonperformance
         under this Agreement.

                  4.       RELATIONSHIP. M&R and S2 shall in no event be
         construed as joint venturers or partners of each other as a consequence
         of the relationship contemplated under this Agreement. Neither M&R nor
         S2 shall have the power to bind or obligate the other.

                  5.       ASSIGNMENT.

                           M&R may sell, assign or otherwise transfer its right,
         title and interest in and under this Agreement, in whole or in part (i)
         to any entity controlled, directly or indirectly, by Richard M. Maurer
         or Robert L. Ross or both of them, or (ii) upon the prior written
         consent of S2, which consent shall not be unreasonably withheld, to any
         entity not controlled, directly or indirectly, by Richard M. Maurer or
         Robert L. Ross or both of them. S2 may sell, assign or otherwise
         transfer its right, title and interest in and under this Agreement, in
         whole or in part, to any entity controlling, controlled by or under
         common control with S2 or any entity that purchases all or
         substantially all of S2's assets. Any assignment under this paragraph
         shall be of no force and effect unless and until the

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         assignee thereunder shall assume, in writing, any and all obligations
         (or in the event of a partial assignment, such obligations as are
         reasonably appropriate) of the assignor arising under this Agreement.

                  6.       GENERAL MATTERS.

                           (a) CAPTIONS. The captions utilized in this Agreement
         are for the purposes of identification only and shall not control or
         affect the meaning or construction of any of the provisions hereof.

                           (b) INTEGRATION. This Agreement constitutes the
         entire agreement between the parties with respect to the subject matter
         hereof and will supersede all previous negotiations, representations,
         commitments and writing.

                           (c) MODIFICATION AND WAIVER. This Agreement may not
         be amended, released, discharged, rescinded or abandoned, except by a
         written agreement duly executed by each of the parties hereto. The
         failure of any party hereto at any time to enforce any of the
         provisions of this Agreement will in no way constitute or be construed
         as a waiver of such provision or of any other provision hereof, nor in
         any way affect the validity of, or the right thereafter to enforce,
         each and every provision of this Agreement.

                           (d) GOVERNING LAW. This Agreement and its validity,
         construction, administration and all rights hereunder, will be governed
         by the laws of the Commonwealth of Pennsylvania without regard to its
         conflict of laws provisions. Any suit or proceeding arising out of,
         relating to or mentioning this Agreement shall be commenced only in a
         state or Federal court located in Pittsburgh, Pennsylvania, and each
         party to this Agreement hereby consents to the jurisdiction and venue
         of such court.

                           (e) SEVERABILITY. The invalidity or unenforceability
         of any particular provision of this Agreement shall not affect the
         other provisions hereof, and this Agreement shall be construed in all
         respects as if such invalid or unenforceable provisions were omitted.

                           (f) NOTICES. Wherever provision is made in this
         Agreement for the giving, service or delivery of any notice, statement
         or other instrument, such notice shall be in writing and shall be
         deemed to have been duly given, served and delivered, if delivered by
         hand or mailed by United States registered or certified mail, addressed
         as follows:

                                    S2 Golf Inc.
                                    18 Gloria Lane
                                    Fairfield, NJ  07006
                                    Attention: Douglas A. Buffington

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                                    MR & Associates
                                    Three Gateway Center
                                    Suite 16 South
                                    Pittsburgh, PA  15222
                                    Attention:  Richard M. Maurer

         Each party hereto may change its mailing address by giving to the
         other, by hand delivery or United States registered or certified mail,
         written notice of election to change such address and of such new
         address.

                           (g) COUNTERPARTS. This Agreement may be executed
         simultaneously in several counterparts, each of which shall be deemed
         to be an original, but all of which shall constitute one and the same
         instrument.

                           IN WITNESS WHEREOF, and intending to be legally bound
         hereby, the Parties have executed this Agreement as of the date first
         above written.

                              MR & ASSOCIATES

                                    By:  Maurer Ross & Co., Incorporated,
                                             a Pennsylvania corporation,
                                             its sole general partner

                                    By:  /S/ RICHARD M. MAURER
                                         --------------------------------
                                             Richard M. Maurer, President

                              S2 GOLF INC.

                                    By:  /S/ DOUGLAS A. BUFFINGTON
                                         --------------------------------
                                             Douglas A. Buffington, President

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