NKE » Topics » Base Salary and Performance Sharing Plan (PSP)

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 FY’00, with a guaranteed payout of $220,000 for FY’00. PSP payout in future years is based on an annual PSP award target of 55% of base fiscal year earnings. PSP is NIKE’s performance based bonus plan called “Performance Sharing Plan”, and can pay either higher or lower depending on results.

 

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