Document:

Second Amendment of Officer Employment Agreement - Bradley J. Holiday

 Exhibit 10.55 

SECOND AMENDMENT TO 

OFFICER EMPLOYMENT AGREEMENT 

This Second Amendment to Officer Employment Agreement (“Second Amendment”) is entered into effective April 30, 2010, by
and between Callaway Golf Company, a Delaware corporation (the “Company”) and Bradley J. Holiday (“Employee”). 

A. The Company and Employee are parties to that certain Officer Employment Agreement entered into as of May 1, 2008, as amended
effective January 26, 2009 (collectively the “Agreement”). 
 B. The Company and Employee desire to amend the
Agreement pursuant to Section 10(b) of the Agreement. 
 NOW, THEREFORE, in consideration of the foregoing and other
consideration, the value and sufficiency of which are acknowledged, the Company and Employee agree as follows: 
 1.
Term. Section 1 of the Agreement is amended to extend the termination date of the Agreement to and including April 30, 2011. 

2. Compensation. Section 4(a) of the Agreement is amended to read: 

“Base Salary. Effective March 1, 2010, the Company agrees to pay Employee a base salary at the rate of $515,000.00 per
year (prorated for any partial years of employment), payable in equal installments on regularly scheduled Company pay dates.” 

3. Expenses and Benefits. 

Paid Time Off and Retirement. Employee acknowledges that, effective January 1, 2010, the Company’s Paid Time Off Program
described in Section 5(b) has been reinstated and that the Company’s 401(k) retirement investment plan described in Section 5(d) has been amended to reinstate the Company match of 401(k) contributions for all eligible employees,
including officers. Employee acknowledges that the temporary changes to the above-referenced policies, in effect in 2009, did not constitute a breach of the terms and conditions of the Agreement. 

Insurance/Death Benefit. Section 5(c) of the Agreement is amended to add a new sub-section (iv), as follows: 

“(iv) In the event of Employee’s death, all outstanding unvested service-based full value long-term incentive awards (e.g.,
restricted stock units and phantom stock units) held by Employee shall immediately vest.” 
 4. But for the amendments
contained herein, and any other written amendments properly executed by the parties, the Agreement shall otherwise remain unchanged. 

IN WITNESS WHEREOF, the parties have executed this Second Amendment on the dates set forth below, to be effective as of the date first
set forth above. 
  

							
	EMPLOYEE	 		 	COMPANY
			
		 		 	Callaway Golf Company, a Delaware corporation
				
	 /s/ Bradley J. Holiday
	 		 	By:	 	 /s/ George Fellows

	Bradley J. Holiday	 		 		 	George Fellows
		 		 		 	President and Chief Executive Officer
				
	Dated: April 19, 2010	 		 		 	Dated: April 19, 2010Second Amendment of Officer Employment Agreement - Steven C. McCracken

 Exhibit 10.56 

SECOND AMENDMENT TO 

OFFICER EMPLOYMENT AGREEMENT 

This Second Amendment to Officer Employment Agreement (“Second Amendment”) is entered into effective April 30, 2010, by
and between Callaway Golf Company, a Delaware corporation (the “Company”) and Steven C. McCracken (“Employee”). 

A. The Company and Employee are parties to that certain Officer Employment Agreement entered into as of May 1, 2008, as amended
effective January 26, 2009 (collectively the “Agreement”). 
 B. The Company and Employee desire to amend the
Agreement pursuant to Section 10(b) of the Agreement. 
 NOW, THEREFORE, in consideration of the foregoing and other
consideration, the value and sufficiency of which are acknowledged, the Company and Employee agree as follows: 
 1.
Term. Section 1 of the Agreement is amended to extend the termination date of the Agreement to and including April 30, 2011. 

2. Compensation. Section 4(a) of the Agreement is amended to read: 

“Base Salary. The Company agrees to pay Employee a base salary at the rate of $550,000.00 per year (prorated for any partial
years of employment), payable in equal installments on regularly scheduled Company pay dates.” 
 3. Expenses and
Benefits. 
 Paid Time Off and Retirement. Employee acknowledges that, effective January 1, 2010, the
Company’s Paid Time Off Program described in Section 5(b) has been reinstated and that the Company’s 401(k) retirement investment plan described in Section 5(d) has been amended to reinstate the Company match of 401(k)
contributions for all eligible employees, including officers. Employee acknowledges that the temporary changes to the above-referenced policies, in effect in 2009, did not constitute a breach of the terms and conditions of the Agreement. 

Insurance/Death Benefit. Section 5(c) of the Agreement is amended to add a new sub-section (iv), as follows: 

“(iv) In the event of Employee’s death, all outstanding unvested service-based full value long-term incentive awards (e.g.,
restricted stock units and phantom stock units) held by Employee shall immediately vest.” 
 4. But for the amendments
contained herein, and any other written amendments properly executed by the parties, the Agreement shall otherwise remain unchanged. 

IN WITNESS WHEREOF, the parties have executed this Second Amendment on the dates set forth below, to be effective as of the date first
set forth above. 
  

							
	EMPLOYEE	 		 	COMPANY
			
		 		 	Callaway Golf Company, a Delaware corporation
				
	 /s/ Steven C. McCracken
	 		 	By:	 	 /s/ George Fellows

	Steven C. McCracken	 		 		 	George Fellows
		 		 		 	President and Chief Executive Officer
				
	Dated: April 19, 2010	 		 		 	Dated: April 19, 2010Second Amendment of Officer Employment Agreement - David A. Laverty

 Exhibit 10.57 

SECOND AMENDMENT TO 

OFFICER EMPLOYMENT AGREEMENT 

This Second Amendment to Officer Employment Agreement (“Second Amendment”) is entered into effective April 30, 2010, by
and between Callaway Golf Company, a Delaware corporation (the “Company”) and David A. Laverty (“Employee”). 

A. The Company and Employee are parties to that certain Officer Employment Agreement entered into as of May 1, 2008, as amended
effective January 26, 2009 (collectively the “Agreement”). 
 B. The Company and Employee desire to amend the
Agreement pursuant to Section 10(b) of the Agreement. 
 NOW, THEREFORE, in consideration of the foregoing and other
consideration, the value and sufficiency of which are acknowledged, the Company and Employee agree as follows: 
 1.
Term. Section 1 of the Agreement is amended to extend the termination date of the Agreement to and including April 30, 2011. 

2. Title. Section 2 of the Agreement is amended to update Employee’s title to “Senior Vice President, Global
Operations.” 
 3. Compensation. Section 4(a) of the Agreement is amended to read: 

“Base Salary. Effective March 1, 2010, the Company agrees to pay Employee a base salary at the rate of $380,000.00 per
year (prorated for any partial years of employment), payable in equal installments on regularly scheduled Company pay dates.” 

4. Expenses and Benefits. 

Paid Time Off and Retirement. Employee acknowledges that, effective January 1, 2010, the Company’s Paid Time Off Program
described in Section 5(b) has been reinstated and that the Company’s 401(k) retirement investment plan described in Section 5(d) has been amended to reinstate the Company match of 401(k) contributions for all eligible employees,
including officers. Employee acknowledges that the temporary changes to the above-referenced policies, in effect in 2009, did not constitute a breach of the terms and conditions of the Agreement. 

Insurance/Death Benefit. Section 5(c) of the Agreement is amended to add a new sub-section (iv), as follows: 

“(iv) In the event of Employee’s death, all outstanding unvested service-based full value long-term incentive awards (e.g.,
restricted stock units and phantom stock units) held by Employee shall immediately vest.” 
 5. But for the amendments
contained herein, and any other written amendments properly executed by the parties, the Agreement shall otherwise remain unchanged. 

IN WITNESS WHEREOF, the parties have executed this Second Amendment on the dates set forth below, to be effective as of the date first
set forth above. 
  

							
	EMPLOYEE	 		 	COMPANY
			
		 		 	Callaway Golf Company, a Delaware corporation
				
	 /s/ David A. Laverty
	 		 	By:	 	 /s/ George Fellows

	David A. Laverty	 		 		 	 George Fellows,
 President
and Chief Executive Officer

				
	Dated: April 19, 2010	 		 		 	Dated: April 19, 2010Second Amendment of Officer Employment Agreement - Thomas T. Yang

 Exhibit 10.58 

SECOND AMENDMENT TO 

OFFICER EMPLOYMENT AGREEMENT 

This Second Amendment to Officer Employment Agreement (“Second Amendment”) is entered into effective April 30, 2010, by
and between Callaway Golf Company, a Delaware corporation (the “Company”) and Thomas Yang (“Employee”). 

A. The Company and Employee are parties to that certain Officer Employment Agreement entered into as of May 1, 2008, as amended
effective January 26, 2009 (collectively the “Agreement”). 
 B. The Company and Employee desire to amend the
Agreement pursuant to Section 10(b) of the Agreement. 
 NOW, THEREFORE, in consideration of the foregoing and other
consideration, the value and sufficiency of which are acknowledged, the Company and Employee agree as follows: 
 1.
Term. Section 1 of the Agreement is amended to extend the termination date of the Agreement to and including April 30, 2011. 

2. Compensation. Section 4(a) of the Agreement is amended to read: 

“Base Salary. Effective March 1, 2010, the Company agrees to pay Employee a base salary at the rate of $405,000.00 per
year (prorated for any partial years of employment), payable in equal installments on regularly scheduled Company pay dates.” 

3. Expenses and Benefits. 

Paid Time Off and Retirement. Employee acknowledges that, effective January 1, 2010, the Company’s Paid Time Off Program
described in Section 5(b) has been reinstated and that the Company’s 401(k) retirement investment plan described in Section 5(d) has been amended to reinstate the Company match of 401(k) contributions for all eligible employees,
including officers. Employee acknowledges that the temporary changes to the above-referenced policies, in effect in 2009, did not constitute a breach of the terms and conditions of the Agreement. 

Insurance/Death Benefit. Section 5(c) of the Agreement is amended to add a new sub-section (iv), as follows: 

“(iv) In the event of Employee’s death, all outstanding unvested service-based full value long-term incentive awards (e.g.,
restricted stock units and phantom stock units) held by Employee shall immediately vest.” 
 4. But for the amendments
contained herein, and any other written amendments properly executed by the parties, the Agreement shall otherwise remain unchanged. 

IN WITNESS WHEREOF, the parties have executed this Second Amendment on the dates set forth below, to be effective as of the date first
set forth above. 
  

							
	EMPLOYEE	 		 	COMPANY
			
		 		 	Callaway Golf Company, a Delaware corporation
				
	 /s/ Thomas Yang
	 		 	By:	 	 /s/ George Fellows

	Thomas Yang	 		 		 	George Fellows
		 		 		 	President and Chief Executive Officer
				
	Dated: April19, 2010	 		 		 	Dated: April 19, 2010

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