Callaway Golf Company Recipient: Employee/Consultant Effective Grant Date: Phantom Stock Unit Grant Number of Units: Plan: 2004 Incentive PlanPhantom Stock Unit Grant Agreement • December 30th, 2009 • Callaway Golf Co • Sporting & athletic goods, nec • Delaware
CALLAWAY GOLF COMPANY, a Delaware corporation (the “Company”), has elected to grant to you, the Recipient named above, a Phantom Stock Unit award pursuant to Section 12 of the Plan identified above (the “Plan”) and subject to the restrictions and on the terms and conditions set forth below, in consideration for your services to the Company. Terms not otherwise defined in this Phantom Stock Unit Grant Agreement (“Agreement”) will have the meanings ascribed to them in the Plan.
