|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the NKE 10-Q filed Jan 7, 2009. Grants;
Limitations. On each Offering Date, each Eligible Employee
shall be granted an option under the Plan to purchase shares of Class B Common
Stock on the Purchase Date for the Offering for the price determined under
paragraph 7 of the Plan exclusively through payroll deductions or other
contributions authorized under paragraph 6 of the Plan; provided, however, that (i) no
option shall permit the purchase of more than 1,000 shares, and (ii) no option
may be granted under the Plan that would allow an employee’s right to purchase
shares under all employee stock purchase plans of the Company and its parents
and subsidiaries to accrue at a rate that exceeds US$25,000 of fair market value
of shares (determined at the date of grant) for each calendar year in which such
option is outstanding.
6. |
| |||||||
