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NKE » Topics » Year: The fiscal year of the Company. STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"> Section 2. Objectives.

This excerpt taken from the NKE 10-K filed Jul 28, 2008.

Year: The fiscal year of the Company.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">Section 2. Objectives.






The objectives of the Plan are to:

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">(a) recognize and reward on a long-term basis selected employees of the Company and its subsidiaries for their contributions to the overall profitability
and performance of the Company; and

(b) qualify compensation under the Plan as “performance-based compensation” within the
meaning of Section 162(m) of the Code and the regulations promulgated thereunder.

Section 3. Administration.


The Plan will be administered by the Committee. Subject to the provisions of the Plan, the Committee will have full authority to interpret the Plan,
to establish and amend rules and regulations relating to it, to determine the terms and provisions for making awards and to make all other determinations necessary or advisable for the administration of the Plan.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">Section 4. Participation.

SIZE="2">Target Awards may be granted under the Plan only to individuals selected by the Committee who are employees of the Company or a subsidiary of the Company.

FACE="Times New Roman" SIZE="2">Section 5. Determination of the Performance Targets and Awards.

(a) Performance Targets and
Awards. The Committee shall establish in writing, in its sole discretion, the Performance Targets and Target Award opportunities for each participant, within 90 days of the beginning of the applicable Performance Period. The Committee may
establish (i) several Performance Target levels for each participant, each corresponding to a different Target Award opportunity, and (ii) different Performance Targets and Target Award opportunities for each participant in the Plan.

(b) Other Terms and Restrictions. The Committee may establish other restrictions to payment under a Target Award, such as a
continued employment requirement, in addition to satisfaction of the Performance Targets.

(c) Maximum Awards. The Committee shall
not establish Target Award opportunities for any participant such that the maximum amount payable under Target Awards which have Performance Periods ending in any single Year exceeds $4,000,000.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">Section 6. Determination of Plan Awards.

FACE="Times New Roman" SIZE="2">At the conclusion of the Performance Period, in accordance with Section 162(m)(4)(C)(iii) of the Code, prior to the payment of any award under the Plan, the Committee shall certify in the Committee’s
internal meeting minutes the attainment of the Performance Targets for the Performance Period and the calculation of the awards. No award shall be paid if the related Performance Target is not met. The Committee may,







in its sole discretion, reduce or eliminate any participant’s calculated award based on circumstances relating to the performance of the Company or the
participant. Awards will be paid in accordance with the terms of the awards as soon as practicable following the Committee’s certification of the awards.

FACE="Times New Roman" SIZE="2">Section 7. Termination of Employment.

The terms of a Target Award may provide that in the
event of a participant’s termination of employment for any reason during a Performance Period, the participant (or his or her beneficiary) will receive, at the time provided in Section 6, all or any portion of the award to which the
participant would otherwise have been entitled.

Section 8. Miscellaneous.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">(a) Amendment and Termination of the Plan. The Committee with the approval of the Board may amend, modify or terminate the Plan at any time and
from time to time except insofar as approval by the Company’s shareholders is required pursuant to Section 162(m)(4)(C)(ii) of the Code. The Plan shall terminate at the first shareholder meeting that occurs in the fifth year after the
Company’s shareholders approve the Plan. Notwithstanding the foregoing, no such amendment, modification or termination shall affect the payment of Target Awards previously established.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">(b) No Assignment. Except as otherwise required by applicable law, no interest, benefit, payment, claim or right of any participant under the plan
shall be subject in any manner to any claims of any creditor of any participant or beneficiary, nor to alienation by anticipation, sale, transfer, assignment, bankruptcy, pledge, attachment, charge or encumbrance of any kind, and any attempt to take
any such action shall be null and void.

(c) No Rights to Employment. Nothing contained in the Plan shall give any person the right
to be retained in the employment of the Company or any of its subsidiaries. The Company reserves the right to terminate a participant at any time for any reason notwithstanding the existence of the Plan.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">(d) Beneficiary Designation. The Committee shall establish such procedures as it deems necessary for a participant to designate a beneficiary to
whom any amounts would be payable in the event of a participant’s death.

(e) Plan Unfunded. The entire cost of the Plan shall
be paid from the general assets of the Company. The rights of any person to receive benefits under the Plan shall be only those of a general unsecured creditor, and neither the Company nor the Board nor the Committee shall be responsible for the
adequacy of the general assets of the Company to meet and discharge Plan liabilities, nor shall the Company be required to reserve or otherwise set aside funds for the payment of its obligations hereunder.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">(f) Applicable Law. The Plan and all rights thereunder shall be governed by and construed in accordance with the laws of the
State of Oregon.






EX-10.6
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dex106.htm
DEFERRED COMPENSATION PLAN


Deferred Compensation Plan



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