This excerpt taken from the NKE 10-K filed Jul 28, 2006.
Base Salary and Performance Sharing Plan (PSP)
NIKE is offering you an annual salary, payable semi-monthly, of $400,000 with an annual PSP award target of 55% of base salary for FY00, with a guaranteed payout of $220,000 for FY00. PSP payout in future years is based on an annual PSP award target of 55% of base fiscal year earnings. PSP is NIKEs performance based bonus plan called Performance Sharing Plan, and can pay either higher or lower depending on results.