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                                                                   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 RONALD
A. DRAPEAU ("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, Mr. Drapeau shall serve as
            Chairman of the Board and Chief Executive Officer of the Company.
            Mr. Drapeau's duties shall be the usual and customary duties of the
            offices in which Mr. Drapeau serves. Mr. Drapeau 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/ RONALD A. DRAPEAU/                      By:  /s/ STEVEN C. McCRACKEN
-------------------------------                  ---------------------------
Ronald A. Drapeau                                Steven C. McCracken
                                                 Senior Executive Vice President
                                                 and Chief Legal Officer

Dated:      9/23/03                              Dated:       09-23-03
        -----------------------                        -------------------------<PAGE>
                                                                   EXHIBIT 10.61

                               SECOND AMENDMENT TO
              FIRST AMENDED EXECUTIVE OFFICER EMPLOYMENT AGREEMENT

      This Second Amendment to First 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 STEVEN
C. MCCRACKEN ("Employee").

      A. The Company and Employee are parties to that certain First 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
"First Amended Agreement").

      B. The Company and Employee desire to amend the First Amended Agreement
pursuant to Section 15 of the First Amended 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 4(a) of the First Amended Agreement is amended to read as
follows:

            "(a) Effective September 15, 2003, the Company agrees to pay
            Employee a base salary at the rate of $550,000.00 per year, payable
            in equal increments in accordance with the Company's current pay
            schedule."

      2. But for the amendments contained herein, and any other written
amendments properly executed by the parties, the First 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/ STEVEN C. McCRACKEN                      By: /s/ RONALD A. DRAPEAU
------------------------                        --------------------------------
Steven C. McCracken                             Ronald A. Drapeau
                                                Chairman of the Board and Chief
                                                Executive Officer

Dated:      09-23-03                            Dated:      9/23/03
        ----------------------------                  --------------------------<PAGE>
                                                                   EXHIBIT 10.62

                               SECOND AMENDMENT TO
              FIRST AMENDED EXECUTIVE OFFICER EMPLOYMENT AGREEMENT

      This Second Amendment to First 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
BRADLEY J. HOLIDAY ("Employee").

      A. The Company and Employee are parties to that certain First 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
"First Amended Agreement").

      B. The Company and Employee desire to amend the First Amended Agreement
pursuant to Section 15 of the First Amended 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 First Amended Agreement is amended to read as
follows:

            "(a) Effective September 15, 2003, Employee shall serve as Senior
            Executive Vice President & Chief Financial Officer of the Company.
            Employee's duties shall be the usual and customary duties of the
            offices in which Employee serves. Employee shall report to such
            person as the Chief Executive Officer shall designate. The Board of
            Directors and/or the Chief Executive Officer of the Company may
            change Employee's title, position and/or duties at any time."

      2. Section 4(a) of the First Amended Agreement is amended to read as
follows:

            "(a) Effective September 15, 2003, the Company agrees to pay
            Employee a base salary at the rate of $500,000.00 per year, payable
            in equal increments in accordance with the Company's current pay
            schedule."

      3. But for the amendments contained herein, and any other written
amendments properly executed by the parties, the First Amended Agreement shall
otherwise remain unchanged.

      4. 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/ BRADLEY J. HOLIDAY/                      By: /s/ RONALD A. DRAPEAU/
------------------------------------             -------------------------------
Bradley J. Holiday                               Ronald A. Drapeau
                                                 Chairman of the Board and Chief
                                                 Executive Officer

Dated:      9/23/03                               Dated:       9/23/03
        -----------------------------                    -----------------------<PAGE>
                                                                   EXHIBIT 10.63

                               SECOND AMENDMENT TO
                     EXECUTIVE OFFICER EMPLOYMENT AGREEMENT

      This Second Amendment to 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 PATRICE HUTIN
("Employee").

      A. The Company and Employee are parties to that certain Executive Officer
Employment Agreement entered into as of November 6, 2002, as amended by the
First Amendment entered into as of March 1, 2003 (as amended, the "Agreement").

      B. The Company and Employee desire to amend the 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, Employee shall serve as President
            & Chief Operating Officer of the Company. Employee's duties shall be
            the usual and customary duties of the offices in which Employee
            serves. Employee shall report to such person as the Chief Executive
            Officer shall designate. The Board of Directors and/or the Chief
            Executive Officer of the Company may change Employee's title,
            position and/or duties at any time."

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

            "(a) Effective September 15, 2003, the Company agrees to pay
            Employee a base salary at the rate of $550,000.00 per year, payable
            in equal increments in accordance with the Company's current pay
            schedule."

      3. But for the amendments contained herein, and any other written
amendments properly executed by the parties, the Agreement shall otherwise
remain unchanged.

      4. 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/ PATRICE HUTIN/                        By: /s/ RONALD A. DRAPEAU/
----------------------------                  ---------------------------
Patrice Hutin                                  Ronald A. Drapeau
                                               Chairman of the Board and Chief
                                               Executive Officer

Dated:      09/23/03                           Dated:      9/23/03
        --------------------                         ---------------------------

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