Chief Financial Officer Employment Agreement

Exhibit 10.1 EMPLOYMENT AGREEMENT This Employment Agreement (the " Agreement" ) is effective as of September 16, 2005 (the " Effective Date" ), and is entered into by and between Peter S. Case (" Case" ) and Ashworth, Inc., a Delaware corporation (the " Company" ). 1. Employment. As of the Effective Date, the Company hereby employs Case to serve in the capacity of Executive Vice President, Chief Financial Officer and Treasurer (" EVP/CFO " ). The Company' s Board of Directors (the " Board" ) and/or the Company' s Chief Executive Officer (the " CEO" ) may provide such additional designations of title to Case as the Board and/or CEO, in its discretion, may deem appropriate. Case agrees to perform the executive duties and functions customarily associated with the offices of EVP/CFO and as specified from time to time by the Board and/or the CEO. Except for legal holidays, vacations and absences due to temporary illness, Case shall devote his time, attention and energies to the business of the Company on a full-time basis. Case represents and warrants to the Company that he is under no restriction, limitation or other prohibition to perform his duties as described herein. 2. Employment Compensation And Benefits . a. Base Salary . Case' s initial base salary shall be at the annual rate of three hundred thousand dollars ($225,000). This salary level shall be reviewed at least annually by the Board' s Compensation Committee on the basis of Case' s performance and the Company' s financial success and progress. b. Annual Bonus and Stock Options . Case will be entitled to receive an option for a minimum of 20,000 shares fiscal year 2005 granted on the date the agreement is signed and vesting on the first anniversary of the date of grant. Case will also be eligible to earn an annual bonus up to a maximum of 50% of Base Salary based on the Company achieving certain financial targets. The annual bonus will be paid following the close of final accounting records for the previous fiscal year. c. Automobile Allowance . The Company shall pay Case an automobile expense allowance of one thousand dollars ($1,000) per month to defray the cost of business automobile expense. d. Vacation . Case shall be entitled to annual vacations in a manner commensurate with his status as a key executive and in accordance with the Company' s vacation policies in effect during the term of this Agreement. e. Expense Reimbursement . The Company shall reimburse Case for all reasonable amounts actually expended by Case in the course of performing his duties for the Company and in accordance with any Company-established guidelines where Case tenders receipts or other documentation reasonably substantiating the amounts as required by the Company.

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f. Other Benefits . Except as otherwise provided in this Agreement, Case shall be entitled to receive all of the rights, benefits and privileges of an executive officer of the Company under any retirement, pension, profit-sharing, group medical insurance, group dental insurance, group-term life insurance, and disability insurance, and other employee benefit plans which may be now in effect or hereafter adopted. 3. Non-compete . Case agrees that during the term of this Agreement Case will not, directly or indirectly, own, manage, operate, control, be employed by, participate in, or be connected in any manner with the ownership, management, operation, or control of any business which manufactures or sells golf-inspired sportswear which is substantially the same as that of the Company and which is distributed in the same channels of distribution as the then current channels of distribution of the Company, provided, however, that if Case' s employment is terminated for reasons which provide for severance compensation, the non-compete term shall be extended to the period for which he receives such severance compensation. 4. Termination . a. At Will . The Company shall employ Case at will, and either Case or the Company may terminate Case' s employment with the Company at any time and for any reason, with or without cause. b. Severance Payment and Benefits . If Case' s employment is terminated within two (2) years of the effective date of this Agreement as a result of a Qualifying Termination, as defined below, and if Case delivers a fully executed release and waiver of all claims against the Company in the form attached hereto as Exhibit A, then, upon expiration of any applicable revocation period contained in the Release Agreement, the Company shall pay or provide Case the following severance payment and benefits: i. Case shall receive the equivalent of twelve (12) months of his then-current base salary (the " Severance Payment" ), which shall be payable in equal monthly installments beginning on the first day of the first full month following Case' s Qualifying Termination and continuing on the first day of each month thereafter until fully paid. The Severance Payment is in lieu of any severance payment benefits which otherwise may at that time be available under the Company' s applicable policies; provided , however , that nothing in this Agreement is intended to modify or supercede the Agreement re: Change In Control entered into between Case and the Company as of September 16, 2005, and Case shall be entitled to receive whatever additional severance pay benefits, if any, for which he may qualify according to the terms of his Agreement re: Change In Control with the Company. ii. For the twelve-month period following the Qualifying Termination of his employment, Case shall be entitled to continue to participate in the following executive benefit programs which had been made available to him (including his family) before the Qualifying Termination: group medical insurance, group dental insurance, group-term life insurance, and disability insurance. The programs shall be continued in the same way and at the same level as immediately prior to the Qualifying Termination. Case' s participation in each of such executive benefit programs shall be earlier terminated or reduced, as applicable, if and to the extent Case receives benefits as a result of concurrent coverage through another program. iii. Case' s unvested stock options, as described in Paragraph 2(b) of this Agreement, shall immediately become fully vested and exercisable. This provision

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only applies to stock options Case has been granted pursuant to this Agreement, and does not apply to options provided from any other source or Ashworth. c. Qualifying Termination . Case' s termination shall be considered a " Qualifying Termination" unless: i. Case voluntarily terminates his employment with the Company and its affiliated companies. Case, however, shall not be considered to have voluntarily terminated his employment with the Company and its affiliated companies if he elects to terminate his employment because his overall compensation plan is reduced or adversely modified in any material respect or his authority or duties are materially changed. For such purposes, Case' s authority or duties shall be considered to have been " materially changed" if, without Case' s express and voluntary written consent, there is any substantial diminution or adverse modification in his title, status, overall position, or responsibilities. ii. The termination is on account of Case' s death or Disability. For such purposes, " Disability" shall mean a physical or menta ...