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NKE » Topics » Long Term Incentive Plan (LTIP)

This excerpt taken from the NKE 10-K filed Jul 28, 2006.

Long Term Incentive Plan (LTIP)

 

NIKE has recently introduced a Long Term Incentive Plan for executives. You will be eligible for full non-prorated participation in this plan for the FY’00 performance year. Your FY’00 target award will be $200,000 delivered in NIKE Class B restricted stock. The actual award will be based on the Award Calculation Table supplied in the LTIP summary enclosed (compensation guide).

 

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