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This excerpt taken from the NKE 10-K filed Jul 28, 2006. Sign On
As a further incentive to accept this offer, you will receive a sign-on stock option grant of 150,000 shares at or around your first day of employment with NIKE, subject to plan rules and approval by NIKE’s Board of Directors. The strike price of these options will be the closing price of NIKE Class B stock on the day preceding your first day of employment with NIKE, and the options will vest ratably over 4 years. In addition, NIKE will provide a cash payment of $250,000, subject to normal payroll taxes and payable upon commencement of employment with NIKE.
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