RELEASE OF CLAIMS – GENERAL RELEASERelease of Claims • September 6th, 2019 • Callaway Golf Co • Sporting & athletic goods, nec • Delaware
This Release of Claims – General Release (“Release”) is effective as of the date provided for in Section 13 below, and is made by and between Richard Harrison Arnett (“Employee”) and Callaway Golf Company, a Delaware corporation (the “Company”), pursuant to the Officer Employment Agreement entered into as of June 18, 2012 between the parties (the “Agreement”). This Release is entered into in light of the fact that Employee’s employment with the Company will end on August 30, 2019 in accordance with Section 7(f) of the Agreement (mutual agreement), and Employee will be eligible to receive agreed-upon severance.
