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This excerpt taken from the NKE 10-Q filed Jan 7, 2009. Responsibility and
Indemnity. Neither the Company, the Board, the Custodian, any
Foreign Subsidiary, any Participating U.S. Subsidiary, nor any member, officer,
agent, or employee of any of them, shall be liable to any participant under the
Plan for any mistake of judgment or for any omission or wrongful act unless
resulting from gross negligence, willful misconduct or intentional
misfeasance. The Company will indemnify and save harmless the Board,
the Custodian and any such member, officer, agent or employee against any claim,
loss, liability or expense arising out of the Plan, except such as may result
from the gross negligence, willful misconduct or intentional misfeasance of such
entity or person.
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