Document:

Amendment to Employment Agreement

 EXHIBIT 10.14 
  
 March 17, 2003 
  
 Ms. Mindy Grossman 
 Vice President — Apparel 
 NIKE, Inc. 
 One Bowerman Drive 
 Beaverton, OR 97005 
  
 Re: Employment Agreement dated September 6, 2000 
  
 Dear Mindy: 
  
 This letter is to serve as an amendment to the above
referenced agreement between yourself as “Executive” and NIKE, Inc. “NIKE,” the “Agreement.” 
  
 Per our discussion, it is agreed that: 
  

	 	1.	 	The term of the Agreement referred to in Paragraph 2 of the Agreement shall be extended for three (3) years, the extended term commencing on September 28, 2003 and terminating on
September 27, 2006, subject to prior termination as provided in Paragraph 9 of the Agreement. 

  

	 	2.	 	During the extended term, various elements of the compensation package described in Paragraph 3 of the Agreement shall be modified as follows: 

  

	 	a.	 	Base Salary: Executive’s base salary shall be at the rate of Eight Hundred Thousand Dollars ($800,000) per annum, subject to annual increases based on performance.

  

	 	b.	 	Performance Sharing Bonus: Executive’s Performance Sharing Plan incentive bonus target described in Paragraph 3(B) of the Agreement shall be increased to at least equal to
seventy-five percent (75%) of Executive’s base salary received during the proceeding fiscal year. 

  

	 	c.	 	Long-Term Incentive Award: Executive’s target award under the NIKE Long Term Incentive Plan described in Paragraph 3(C) of the Agreement will be increased to $400,000 per plan
year. 

  

	 	1.	 	During the extended term, stock option and restricted stock grants referred to in Paragraph 4 of the Agreement shall be made as follows: 

  

	 	a.	 	Annual Stock Option Grants: Executive shall be eligible to be granted the option to purchase at least 50,000 shares rather than 30,000 shares of NIKE Class B common stock per year
at the market price as of the date of the grant. Such stock option rights shall vest at the rate of twenty-five percent (25%) over four (4) years. 

  

	 	b.	 	Restricted Stock Grant: Executive shall be granted such number of shares of NIKE Class B common stock as are sufficient to equal the market price of $750,000 at the close of trading
on the first business day following the commencement of the extended term. The restricted shares shall vest at the rate of thirty-three and one-third percent (33-1/3%) per year over the three (3) year extended term. 

  

	 	1.	 	During the extended term, certain travel and living expenses referenced in Paragraph 5 of the Agreement shall continue to be reimbursed by NIKE. 

  

	 	a.	 	Car/Apartment Expenses: NIKE shall reimburse Executive up to Fifty Thousand Dollars ($50,000) a year for the cost of maintaining an automobile and apartment in Portland, Oregon.

  

	 	b.	 	New York-Portland Travel Expenses: Reimbursement for travel referred to in Paragraph 5(B) of the Agreement shall continue to be provided, with the additional benefit of
Executive’s travel, and up to four (4) transcontinental trips for Executive’s family members, to be provided by the NIKE Flight Department when scheduling allows. 

 It is understood that all other terms and conditions of the Agreement and the related Covenant Not to Compete and
Non-Disclosure Agreement shall remain in full force and effect during the extended term. 
  

	NIKE, INC.
	
	/s/    MARK PARKER
	

	 Mark Parker

  
 ACKNOWLEDGED AND AGREED to this 24th
day of March, 2003. 
  

	
	/S/    MINDY GROSSMAN
	

	 Mindy GrossmanCovenant Not to Compete and Non-Disclosure Agreement

 EXHIBIT 10.16 
  
 COVENANT NOT TO COMPETE 
 AND NON-DISCLOSURE AGREEMENT 
  
 PARTIES: 
  
 Charles D. Denson (EMPLOYEE)

  
 and 
  
 NIKE, Inc., and its parent, divisions, 
 subsidiaries and affiliates. (NIKE): 
  
 RECITALS: 
  
 A.    This
Covenant Not to Compete and Non-Disclosure Agreement is executed upon the EMPLOYEE’s advancement to the position of President of the NIKE brand and is a condition of such advancement. 
  
 B.    Over the course of EMPLOYEE’s employment with
NIKE, EMPLOYEE will be or has been exposed to and/or is in a position to develop confidential information peculiar to NIKE’s business and not generally known to the public as defined below (“Protected Information”). It is anticipated
that EMPLOYEE will continue to be exposed to Protected Information of greater sensitivity as EMPLOYEE advances in the company. 
  
 C.    The nature of NIKE’s business is highly competitive and disclosure of any Protected Information would result in severe
damage to NIKE and be difficult to measure. 
  
 D.    NIKE makes use of its Protective Information throughout the world. Protective Information of NIKE can be used to NIKE’s detriment anywhere in the world. 
  
 AGREEMENT: 
  
 In consideration of the foregoing, and the terms and conditions set forth below, the parties agree as follows: 
  
 1.    Covenant Not to Compete. 

 
 (a)    Competition
Restriction.  During EMPLOYEE’s employment by NIKE, under the terms of any employment contract or otherwise, and for twelve (12) months thereafter, (the “Restriction Period”), EMPLOYEE will not directly or
indirectly, own, manage, control, or participate in the ownership, management or control of, or be employed by, consult for, or be connected in any manner with, any business engaged anywhere in the world in the athletic footwear, athletic apparel or
sports equipment and accessories business, or any other business which directly competes with NIKE or any of its parent, subsidiaries or affiliated corporations (“Competitor”). By way of illustration only, examples of NIKE
competitors include, but are not limited to: Adidas, FILA, Reebok, Puma, Champion, Oakley, DKNY, Converse, Asics, Saucony, New Balance, Ralph Lauren/Polo Sport, B.U.M, FUBU, The Gap, Tommy Hilfiger, Umbro, Northface, Venator (Footlockers), Sports
Authority, Columbia Sportswear, Wilson, Mizuno, Callaway Golf and Titleist. This provision is subject to NIKE’s option to waive all or any portion of the Restriction Period as more specifically provided below. 
  
 (b)    Extension of
Time.  In the event EMPLOYEE breaches this covenant not to compete, the Restriction Period shall automatically toll from the date of the first breach, and all subsequent 
  
  
 COVENANT NOT TO COMPETE AND 
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 breaches, until the resolution of the breach though private settlement, judicial or other action,
including all appeals. The Restriction Period shall continue upon the effective date of any such settlement judicial or other resolution. NIKE shall not be obligated to pay EMPLOYEE the additional compensation described in paragraph 1(d) below
during any period of time in which this Agreement is tolled due to EMPLOYEE’s breach. In the event EMPLOYEE receives such additional compensation after any such breach, EMPLOYEE must immediately reimburse NIKE in the amount of all such
compensation upon the receipt of a written request by NIKE. 
  
 (c)    Waiver of Non-Compete.  NIKE has the option, in its sole discretion, to elect to waive all or a portion of the Restriction Period or to limit the definition of
Competitor, by giving EMPLOYEE seven (7) days prior notice of such election. In the event all or a portion of the Restriction Period is waived, NIKE shall not be obligated to pay EMPLOYEE for any period of time as to which the covenant not to
compete has been waived. 
  
 (d)    Additional Consideration.  As additional consideration for the covenant not to compete described above, should NIKE terminate EMPLOYEE’s employment and the Covenant Not To Compete is
enforced, NIKE shall pay EMPLOYEE a monthly payment equal to one-twelfth (1/12) of EMPLOYEE’s then current Annual Nike Income (defined herein to mean base salary and annual Performance Sharing Plan bonus calculated at 100% of EMPLOYEE’s
targeted rate) while the Restriction Period is in effect. If EMPLOYEE voluntarily terminates employment and the Covenant Not To Compete is enforced, NIKE shall pay EMPLOYEE a monthly severance payment equal to one-twenty-fourth (1/24) of
EMPLOYEE’s last monthly Annual Nike Income while the Restriction Period is in effect. 
  
 2.    Subsequent Employer.  EMPLOYEE agrees to notify NIKE at the time of separation of employment of the name of EMPLOYEE’s new employer, if known. EMPLOYEE further
agrees to disclose to NIKE the name of any subsequent employer during the Restriction Period, wherever located and regardless of whether such employer is a competitor of NIKE. 
  
 3.    Non-Disclosure Agreement. 
  
 (a)    Protectable Information
Defined.  “Protected Information” shall mean all proprietary information, in whatever form and format, of NIKE and all information provided to NIKE by third parties which NIKE is obligated to keep confidential. EMPLOYEE
agrees that any and all information to which EMPLOYEE has access concerning NIKE projects and internal NIKE information is Protected Information, whether in verbal form, machine-readable form, written or other tangible form, and whether designated
as confidential or unmarked. Without limiting the foregoing, Protected Information includes information relating to NIKE’s research and development activities, its intellectual property and the filing or pendency of patent applications,
confidential techniques, methods, styles, designs, design concepts and ideas, customer and vendor lists, contract factory lists, pricing information, manufacturing plans, business and marketing plans, sales information, methods of operation,
manufacturing processes and methods, products, and personnel information. 
  
 (b)    Excluded Information.  Notwithstanding paragraph 3(a), Protected Information excludes any information that is or becomes part of the public domain through no act or
failure to act on the part of EMPLOYEE. Specifically, employees shall be permitted to retain as part of their personal portfolio copies of the employees’ original artwork and designs, provided the artwork or designs have become part of the
public domain. In any dispute between the parties with respect to this exclusion, the burden of proof will be on EMPLOYEE and such proof will be by clear and convincing evidence. 
  
 (c)    Employee’s Obligations.  During the period of
employment by NIKE and for a period of two (2) years thereafter, EMPLOYEE will hold in confidence and protect all Protected Information 
  
  
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 and will not, at any time, directly or indirectly, use any Protected Information for any purpose outside
the scope of EMPLOYEE’s employment with NIKE or disclose any Protected Information to any third person or organization without the prior written consent of NIKE. Specifically, but not by way of limitation, EMPLOYEE will not ever copy, transmit,
reproduce, summarize, quote, publish or make any commercial or other use whatsoever of any Protected Information without the prior written consent of NIKE. EMPLOYEE will also take reasonable security precautions and such other actions as may be
necessary to insure that there is no use or disclosure, intentional or inadvertent, of Protected Information in violation of this Agreement. 
  
 4.    Return of Protected Information.  At the request of NIKE at anytime, and in any event, upon termination
of employment, EMPLOYEE shall immediately return to NIKE all confidential documents, including tapes, notebooks, drawings, computer disks and other similar repositories of or containing Protected Information, and all copies thereof, then in
EMPLOYEE’s possession or under EMPLOYEE’s control. 
  
 5.    Unauthorized Use.  During the period of employment with NIKE and thereafter, EMPLOYEE will notify NIKE immediately if EMPLOYEE becomes aware of the unauthorized possession, use or knowledge
of any Protected Information by any person employed or not employed by NIKE at the time of such possession, use or knowledge. EMPLOYEE will cooperate with NIKE in the investigation of any such incident and will cooperate with NIKE in any litigation
with third parties deemed necessary by NIKE to protect the Protected Information. NIKE shall provide reasonable reimbursement to EMPLOYEE for each hour so engaged and that amount shall not be diminished by operation of any payment under Paragraph
1(d) of this Agreement. 
  
 6.    Non-Recruitment.  During the term of this Agreement and for a period of one (1) year thereafter, EMPLOYEE will not directly or indirectly, solicit, divert or hire away (or attempt to
solicit, divert or hire away) to or for himself or any other company or business organization, any NIKE employee, whether or not such employee is a full-time employee or temporary employee and whether or not such employment is pursuant to a written
agreement or is at will. 
  
 7.    Accounting of Profits.  EMPLOYEE agrees that, if EMPLOYEE should violate any term of this Agreement, NIKE shall be entitled to an accounting and repayment of all profits, compensation,
commissions, remuneration or benefits which EMPLOYEE directly or indirectly has realized and/or may realize as a result of or in connection with any such violation (including the return of any additional consideration paid by NIKE pursuant to
Paragraph 1(d) above). Such remedy shall be in addition to and not in limitation of any injunctive relief or other rights or remedies to which NIKE may be entitled at law or in equity. 
  
 8.    General Provisions. 
  
 (a)    Survival.  This Agreement shall continue in effect after
the termination of EMPLOYEE’s employment, regardless of the reason for termination. 
  
 (b)    Waiver.  No waiver, amendment, modification or cancellation of any term or condition of
this Agreement will be effective unless executed in writing by both parties. No written waiver will excuse the performance of any act other than the act or acts specifically referred to therein. 
  
 (c)    Severability.  Each provision herein will be treated as a separate and independent clause and unenforceability of any one clause will in no way impact the enforceability of any other
clause. Should any of the provisions in this Agreement be found to be unreasonable or invalid by a court of competent jurisdiction, such provision will be enforceable to the maximum extent enforceable by the law of that jurisdiction. 
  
  
 COVENANT NOT TO
COMPETE AND 
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 (d)    Applicable Law/Jurisdiction.  This
Agreement, and EMPLOYEE’s employment hereunder, shall be construed according to the laws of the State of Oregon. EMPLOYEE further hereby submits to the jurisdiction of, and agrees that exclusive jurisdiction over and venue for any action or
proceeding arising out of or relating to this Agreement shall lie in the state and federal courts located in Oregon. 
  

	EMPLOYEE	 	 	 	 NIKE, Inc.

					
	By:	 	/s/    CHARLES D. DENSON	 	 	 	By:	 	/s/    PHILIP H. KNIGHT
	 	
	 	 	 	 	

	 Name: Charles D. Denson
 Title:
President, NIKE Brand
	 	 	 	 Name: Philip H. Knight
 Title:
President & CEO

					
	DATE:	 	3.26.01	 	 	 	 	 	 
	 	
	 	 	 	 	 	 

  
  
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