Exhibit 10.7

NIKE, Inc.

Executive Performance Sharing Plan

This is the Executive Performance Sharing Plan of NIKE, Inc. for the payment of
incentive compensation to designated employees.

Section 1. Definitions. The following terms have the following meanings:

Board: The Board of Directors of the Company.

Code: The Internal Revenue Code of 1986, as amended.

Committee: The Compensation Committee of the Board, provided however, if the
Compensation Committee of the Board is not composed entirely of Outside
Directors, the “Committee” shall mean a committee composed entirely of at least
two Outside Directors appointed by the Board from time to time.

Company: NIKE, Inc.

Exchange Act: The Securities Exchange Act of 1934, as amended.

Outside Directors: The meaning ascribed to this term in Section 162(m) of the
Code and the regulations proposed or adopted thereunder.

Performance Target: An objectively determinable level of performance as selected
by the Committee to measure performance of the Company or any subsidiary,
division, or other unit of the Company for the Year based on one or more of the
following: net income, net income before taxes, operating income, earnings
before interest and taxes, revenues, return on sales, return on equity, earnings
per share, total shareholder return, or any of the foregoing before the effect
of acquisitions, divestitures, accounting changes, restructuring, or other
special charges, as determined by the Committee at the time of establishing a
Performance Target.

Plan: The Executive Performance Sharing Plan of the Company.

Target Award: An amount of cash compensation to be paid to a Plan participant
based on achievement of a particular Performance Target level established by the
Committee, expressed as a percentage of the participant’s base salary at the
beginning of the Year, determined in accordance with guidelines established by
the Committee.

Year: The fiscal year of the Company.

Section 2. Objectives. The objectives of the Plan are to:

(a) recognize and reward on an annual basis the Company’s corporate officers 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.

Section 4. Participation. Participation in the Plan shall be limited to
individuals who are corporate officers of the Company.

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Section 5. Determination of the Performance Targets and Awards. The Committee
shall determine, in its sole discretion, the Performance Targets and Target
Award opportunities for each participant, within 90 days of the beginning of
each Year. 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. The maximum Target Award opportunity under the Plan for
a participant in any Year shall be $5 million.

Section 6. Determination of Plan Awards. At the conclusion of the Year, 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 Year
and the calculation of the awards. No award shall be paid if the related
Performance Target is not met. In no event shall an award to any participant
exceed $5 million. 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 cash
as soon as practicable following the Committee’s certification of the awards.

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 Year, 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. Clawback Policy. Unless otherwise provided at the time of
establishing a Target Award, all awards under the Plan shall be subject to the
NIKE, Inc. Policy for Recoupment of Incentive Compensation as approved by the
Committee and in effect at the time the Target Award is established or such
other policy for “clawback” of incentive compensation as may be approved from
time to time by the Committee. By acceptance of any payment of any Award each
participant expressly agrees to repay to the Company any amount that may be
required to be repaid under the applicable policy.

Section 9. Miscellaneous.

(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.

(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.

(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.

(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.