EXHIBIT 10.51 OFFICER EMPLOYMENT AGREEMENT This Officer Employment Agreement ("Agreement") is entered into effective as of January 1, 2005, by and between CALLAWAY GOLF COMPANY, a Delaware corporation (the "Company"), and ROBERT A. PENICKA...Officer Employment Agreement • January 24th, 2005 • Callaway Golf Co /Ca • Sporting & athletic goods, nec • California
EXHIBIT 10.49 COMPENSATION AGREEMENT WHEREAS the Board of Directors of CALLAWAY GOLF COMPANY, a Delaware corporation, (the "Company") has appointed WILLIAM C. BAKER ("Employee") interim Chief Executive Officer of the Company effective August 2, 2004,...Compensation Agreement • January 24th, 2005 • Callaway Golf Co /Ca • Sporting & athletic goods, nec • California
