Document:

Form of Non-Statutory Stock Option Agreement for options granted to non-U.S.

 Exhibit 10.2 
 NIKE, INC. 
 1990 STOCK INCENTIVE PLAN 
 NON-STATUTORY STOCK OPTION AGREEMENT 
 FOR NON-U.S. OPTIONEES 

Pursuant to the 1990 Stock Incentive Plan (the “Plan”) of NIKE, Inc., an Oregon corporation (the “Company”), the Company grants to {Name}
(the “Optionee”) the right and the option (the “Option”) to purchase all or any part of {# of shares} of the Company’s Class B Common Stock at a purchase price of ${grant price} per share, subject to the terms
and conditions of this agreement between the Company and the Optionee including any country-specific provisions set forth in the Appendix to the Agreement (collectively, this “Agreement”). By accepting this Option grant, the Optionee
agrees to all of the terms and conditions of the Option grant. The terms and conditions of the Option grant set forth in attached Exhibit A are incorporated into and made a part of this Agreement. Capitalized terms not explicitly defined in this
Agreement but defined in the Plan shall have the same definitions as in the Plan. 
 1. Grant Date; Expiration Date. The Grant Date for this Option is
{Date}. The Option shall continue in effect until {Date} (the “Expiration Date”) unless earlier terminated as provided in Sections 1, 5 or 6 of Exhibit A. The Option shall not be exercisable on or after the Expiration Date.

 2. Vesting of Option. The Vesting Reference Date of this Option is {Date}. Until it expires or is terminated as provided in Sections 1, 5 or
6 of Exhibit A, the Option may be exercised from time to time to purchase whole shares as to which it has become exercisable. The Option shall become exercisable for 25% of the shares on each of the first four anniversaries of the Vesting Reference
Date, so that the Option will be fully exercisable on the fourth anniversary of the Vesting Reference Date, subject to the vesting limitations set forth in Section 9(m) of Exhibit A. 
 3. Non-Statutory Stock Option. The Company hereby designates the Option to be a non-statutory stock option, rather than an Incentive Stock Option as defined in
Section 422 of the United States Internal Revenue Code of 1986, as amended. 
  

			
	NIKE, Inc.
		
	By:	 	 
		 	Mark G. Parker,
		 	Chief Executive Officer

 NIKE, INC. 
 EXHIBIT A TO 
 1990 STOCK INCENTIVE PLAN 
 NON-STATUTORY STOCK OPTION AGREEMENT 
 FOR NON-U.S. OPTIONEES 
 1. Termination of Employment or Service. 
 1.1 General Rule. Except as provided in this Section 1, the Option may not be exercised unless at the time of exercise the
Optionee is employed by or in the service of the Company and shall have been so employed or provided such service continuously since the Grant Date. For purposes of this Exhibit A, the Optionee is considered to be employed by or in the service of
the Company if the Optionee is employed by or in the service of the Company or any parent or subsidiary corporation of the Company (an “Employer”). 
 1.2 Termination Generally. If the Optionee’s employment or service with the Company terminates for any reason other than
because of the Optionee’s total disability, death or retirement as provided in Sections 1.3, 1.4 or 1.5, the Option may be exercised at any time before the Expiration Date or the expiration of three months after the date of termination,
whichever is the shorter period, but only if and to the extent the Optionee was entitled to exercise the Option at the date of termination, as described in Section 9(m) below. 
 1.3 Termination Because of Total Disability. If the Optionee’s employment or service with the Company terminates because of
total disability, the Option shall, following the receipt and processing by the Company’s legal department of any necessary and appropriate documentation in connection with the Optionee’s termination (the “Processing Period”),
become exercisable in full and may be exercised at any time before the Expiration Date or before the date that is one year after the date of termination, whichever is the shorter period. The term “total disability” means a medically
determinable mental or physical impairment that is expected to result in death or has lasted or is expected to last for a continuous period of 12 months or more and that, in the opinion of the Company and two independent physicians, causes the
Optionee to be unable to perform duties as an employee, director, officer or consultant of the Employer and unable to be engaged in any substantial gainful activity. Total disability shall be deemed to have occurred on the first day after the two
independent physicians have furnished their written opinion of total disability to the Company and the Company has reached an opinion of total disability. 
 1.4 Termination Because of Death. If the Optionee dies while employed by or in the service of the Company, the Option shall, following the Processing Period, become exercisable in full and may be exercised at
any time before the Expiration Date or before the date that is one year after the date of death, whichever is the shorter period, but only by the person or persons to whom the Optionee’s rights under the Option shall pass by the Optionee’s
will or by the laws of descent and distribution of the state or country of domicile at the time of death. 

 1.5 Termination Because of Retirement. If the Optionee’s employment or
service with the Company terminates because of the Optionee’s retirement, following the Processing Period, the Option may be exercised at any time before the Expiration Date or before the expiration of three months after the date of
termination, whichever is the shorter period, but only to the extent specified in this Section 1.5. For purposes of this Section 1.5, the term “retirement” means a termination of employment or service that occurs at a time when
(a) the Optionee’s retirement point total is at least 55, and (b) the Optionee has been employed by or in the service of the Company or a parent or subsidiary corporation of the Company for at least five full years. For purposes of
this Section 1.5, the term “retirement point total” means the sum of the Optionee’s age in full years plus the number of full years that the Optionee has been employed by or in the service of the Company or a parent or subsidiary
corporation of the Company. Upon the Optionee’s retirement, and following the Processing Period, the Optionee may exercise the portion of the Option that the Optionee was entitled to exercise immediately prior to retirement plus a percentage of
the remaining unvested portion of the Option based on the Optionee’s retirement point total at the time of retirement as set forth in the following table: 
  

				
	 Retirement Point Total
	  	Percent of Unvested Option
That Becomes
Exercisable	 
	 55 or 56
	  	20	% 
	 57
	  	40	% 
	 58
	  	60	% 
	 59
	  	80	% 
	 60
	  	100	% 

 1.6 Absence on Leave. Absence on leave or on account of illness or
disability under rules established by the committee of the Board of Directors of the Company appointed to administer the Plan (the “Committee”) shall not be deemed an interruption of employment or service. 
 1.7 Failure to Exercise Option. To the extent that following termination of employment or service, the Option is not exercised
within the applicable periods described above, all further rights to purchase shares pursuant to the Option shall cease and terminate. 
 2.
Method of Exercise of Option. The Option may be exercised only by notice in writing from the Optionee to the Company, or a broker designated by the Company, of the Optionee’s binding commitment to purchase shares, specifying the number
of shares the Optionee desires to purchase under the Option and the date on which the Optionee agrees to complete the transaction and, if required to comply with the Securities Act of 1933, containing a representation that it is the Optionee’s
intention to acquire the shares for investment and not with a view to distribution (the “Exercise Notice”). On or before the date specified for completion of the purchase, the Optionee must pay the Company the full purchase price of those
shares either of, or a combination of, the following methods at the election of the Optionee: (a) cash payment by wire transfer; or (b) delivery of an Exercise Notice, together with irrevocable instructions to a broker to deliver promptly
to the Company the amount of sale proceeds required to pay the full purchase price. Unless the Committee determines otherwise, no shares shall be issued upon exercise of an Option until full payment for the shares has been made, including all
amounts 

 
owed for Tax-Related Items (as defined in Section 4 below). The Optionee shall, immediately upon notification of the amount due, if any, pay to the
Company by wire transfer amounts necessary to satisfy any applicable Tax-Related Items. The Company may collect these Tax-Related Items by any of the means set forth in Section 4 below. 
 3. Nontransferability. The Option is nonassignable and nontransferable by the Optionee, either voluntarily or by operation of law, except as
provided below and except by will or by the laws of descent and distribution of the state or country of the Optionee’s domicile at the time of death, and during the Optionee’s lifetime, the Option is exercisable only by the Optionee.
Following any permitted transfer, the Option shall continue to be subject to the same terms and conditions as were applicable immediately prior to the transfer, provided that, except for purposes of Section 1, the term “Optionee”
shall be deemed to refer to the transferee. All references in Section 1 to employment or service, termination of employment or service and total disability, death and retirement shall continue to be applied with respect to the original
Optionee. Following any termination of employment or service or total disability, death or retirement of the original Optionee as described in Section 1, the Option shall be exercisable by the transferee only to the extent and for the periods
specified. 
 4. Responsibility for Taxes. Regardless of any action the Company or the Optionee’s employer (the
“Employer”) takes with respect to any or all income tax, social insurance, payroll tax, payment on account or other tax-related items related to the Optionee’s participation in the Plan and legally applicable to the Optionee or deemed
by the Company or the Employer to be an appropriate charge to the Optionee even if technically due by the Company or the Employer (“Tax-Related Items”), the Optionee acknowledge that the ultimate liability for all Tax-Related Items is and
remains the Optionee’s responsibility and may exceed the amount actually withheld by the Company or the Employer. The Optionee further acknowledge that the Company and/or the Employer (1) make no representations or undertakings regarding
the treatment of any Tax-Related Items in connection with any aspect of the Option, including, but not limited to, the grant, vesting or exercise of the Option, the issuance of shares of Common Stock upon exercise of the Option, the subsequent sale
of shares of Common Stock acquired pursuant to such issuance and the receipt of any dividends; and (2) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the Option to reduce or eliminate the
Optionee’s liability for Tax-Related Items or achieve any particular tax result. Further, if the Optionee has become subject to tax in more than one jurisdiction between the date of grant and the date of any relevant taxable event, the Optionee
acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 
 Prior to any relevant taxable or tax-withholding event, as applicable, the Optionee will pay or make adequate arrangements satisfactory to the Company
and/or the Employer to satisfy all Tax-Related Items. In this regard, the Optionee authorizes the Company and/or the Employer, or their respective agents, at their discretion, to satisfy the obligations with regard to all Tax-Related Items by one or
a combination of the following: 
  

	 	(1)	withholding from the Optionee’s wages or other cash compensation paid to the Optionee by the Company and/or the Employer; or 

	 	(2)	withholding from proceeds of the sale of shares of Common Stock acquired upon exercise of the Option either through a voluntary sale or through a mandatory sale arranged by the
Company (on the Optionee’s behalf pursuant to this authorization); or 

  

	 	(3)	withholding in shares to be issued upon exercise of the Option. 

 To avoid negative accounting treatment, the Company may withhold or account for Tax-Related Items by considering applicable minimum statutory withholding amounts or other applicable withholding rates. If the obligation for Tax-Related Items
is satisfied by withholding in shares, for tax purposes, the Optionee is deemed to have been issued the full number of shares subject to the exercised Option, notwithstanding that a number of the shares are held back solely for the purpose of paying
the Tax-Related Items due as a result of any aspect of the Optionee’s participation in the Plan. 
 Finally, the Optionee shall pay to
the Company or the Employer any amount of Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of the Optionee’s participation in the Plan that cannot be satisfied by the means previously
described. The Company may refuse to issue or deliver the shares or the proceeds of the sale of shares of Common Stock, if the Optionee fails to comply with the Optionee’s obligations in connection with the Tax-Related Items. 
 5. Changes in Capital Structure. If the outstanding shares of Common Stock of the Company are hereafter increased or decreased or changed into or
exchanged for a different number or kind of shares or other securities of the Company or of another corporation by reason of any reorganization, merger, consolidation, plan of exchange, recapitalization, reclassification, stock split-up, combination
of shares or dividend payable in shares, appropriate adjustment shall be made by the Committee in the number and kind of shares subject to the Option, or the unexercised portion thereof, so that the Optionee’s proportionate interest before and
after the occurrence of the event is maintained; provided, however, that this Section 5 shall not apply with respect to Approved Transactions (as defined below). Notwithstanding the foregoing, the Committee shall have no obligation to effect
any adjustment that would or might result in the issuance of fractional shares, and any fractional shares resulting from any adjustment may be disregarded or provided for in any manner determined by the Committee. Any such adjustments made by the
Committee shall be conclusive. In the event of any merger, consolidation or plan of exchange affecting the Company to which Section 6 does not apply, the Committee may, in its sole discretion, provide a 30-day period prior to such event during
which the Optionee shall have the right to exercise the Option, in whole or in part, without any limitation on exercisability, and upon the expiration of such 30-day period, the Option shall immediately terminate. 
 6. Special Acceleration in Certain Events. Notwithstanding any other provision in this Agreement, the Option shall, at any time when the
shareholders of the Company approve an Approved Transaction, immediately become exercisable in full during the remainder of the term of the Option; provided, however, that the Committee may, in its sole discretion, provide a 30-day period prior to
the Approved Transaction during which the Optionee shall have the right to exercise the Option, in whole or in part, without any limitation on exercisability, and upon the expiration of such 30-day period, the Option shall immediately terminate. For
purposes of this 

 
Section 6, the term “Approved Transaction” means (a) any consolidation, merger, plan of exchange or transaction involving the Company (a
“Merger”) in which the Company is not the continuing or surviving corporation or pursuant to which the Common Stock of the Company would be converted into cash, securities or other property, other than a Merger involving the Company in
which the holders of the Common Stock of the Company immediately prior to the Merger have the same proportionate ownership of common stock of the surviving corporation after the Merger or (b) any sale, lease, exchange or other transfer (in one
transaction or a series of related transactions) of all or substantially all of the assets of the Company or the adoption of any plan or proposal for the liquidation or dissolution of the Company. 
 7. Conditions on Obligations. The Company shall not be obligated to issue shares of Class B Common Stock upon exercise of the Option if the
Company is advised by its legal counsel that such issuance would violate applicable foreign, state or federal laws, including securities laws or exchange control regulations. 
 8. No Right to Employment or Service. Nothing in the Plan or this Agreement shall (a) confer upon the Optionee any right to be continued in
the employment of an Employer or interfere in any way with the Employer’s right to terminate the Optionee’s employment at will at any time, for any reason, with or without cause, or to decrease the Optionee’s compensation or benefits,
or (b) confer upon the Optionee any right to be retained or employed by the Employer or to the continuation, extension, renewal or modification of any compensation, contract or arrangement with or by the Employer. 
 9. Nature of Grant. In accepting the grant, the Optionee acknowledges that: 
 (a) the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or
terminated by the Company at any time; 
 (b) the grant of the Option is voluntary and occasional and does not create any
contractual or other right to receive future grants of Options, or benefits in lieu of Options, even if Options have been granted repeatedly in the past; 
 (c) all decisions with respect to future Option grants, if any, will be at the sole discretion of the Company; 
 (d) the Optionee is voluntarily participating in the Plan; 
 (e) the Option and the shares of
Common Stock subject to the Option are extraordinary items that do not constitute compensation of any kind for services of any kind rendered to the Company or the Employer, and which are outside the scope of the Optionee’s employment contract,
if any; 
 (f) the Option and the shares of Common Stock subject to the Option are not intended to replace any pension rights
or compensation; 
 (g) the Option and the shares of Common Stock subject to the Option are not part of normal or expected
compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or retirement or welfare benefits or
similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Company, the Employer or any subsidiary or affiliate of the Company; 

 (h) the Option grant and the Optionee’s participation in the Plan will not be
interpreted to form an employment contract or relationship with the Company or any subsidiary or affiliate of the Company; 
 (i) the future value of the underlying shares of Common Stock is unknown and cannot be predicted with certainty; 
 (j) if the underlying shares of Common Stock do not increase in value, the Option will have no value; 
 (k) if the
Optionee exercises the Option and obtains shares of Common Stock, the value of the shares of Common Stock acquired upon exercise may increase or decrease in value, even below the exercise price; 
 (l) in consideration of the grant of the Option, no claim or entitlement to compensation or damages shall arise from termination of the
exercisability of the Option resulting from termination of the Optionee’s employment with the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) and the Optionee irrevocably releases the Company
and the Employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, the Optionee shall be deemed irrevocably to have waived any entitlement to pursue
such claim; 
 (m) in the event of termination of the Optionee’s employment (whether or not in breach of local labor
laws), the Optionee’s right to vest in the Option under the Plan, if any, will terminate effective as of the date that the Optionee is no longer actively employed; furthermore, in the event of termination of employment (whether or not in breach
of local labor laws), the Optionee’s right to exercise the Option after termination of employment, if any, will be measured by the date of termination of active employment and will not be extended by any notice period mandated under local law
(e.g., active employment would not include a period of “garden leave” or similar period pursuant to local law); the Committee shall have the exclusive discretion to determine when the Optionee is no longer actively employed for
purposes of the Option grant; and 
 (n) the Option and the benefits under the Plan, if any, will not automatically transfer
to another company in the case of a merger, take-over or transfer of liability. 
 10. No Advice Regarding Grant. The Company is not
providing any tax, legal or financial advice, nor is the Company making any recommendations regarding the Optionee’s participation in the Plan, or the Optionee’s acquisition or sale of the underlying shares of Common Stock. The Optionee is
hereby advised to consult with the Optionee’s own personal tax, legal and financial advisors regarding the Optionee’s participation in the Plan before taking any action related to the Plan. 
 11. Data Privacy. The Optionee hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or
other form, of the Optionee’s personal data as described in this Agreement and any other Option grant materials by and among, as applicable, the Employer, the Company and its subsidiaries and affiliates for the exclusive purpose of
implementing, administering and managing the Optionee’s participation in the Plan. 

 The Optionee understands that the Company and the Employer may hold certain personal information
about the Optionee, including, but not limited to, the Optionee’s name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of Common Stock or
directorships held in the Company, details of all Options or any other entitlement to shares of Common Stock awarded, canceled, exercised, vested, unvested or outstanding in the Optionee’s favor, for the exclusive purpose of implementing,
administering and managing the Plan (“Data”). 
 The Optionee understand that Data will be transferred to-a
designated Plan broker or such other stock plan service provider as may be selected by the Company in the future, which is assisting the Company with the implementation, administration and management of the Plan. The Optionee understands that the
recipients of the Data may be located in the United States or elsewhere, and that the recipients’ country (e.g., the United States) may have different data privacy laws and protections than the Optionee’s country. The Optionee understands
that the Optionee may request a list with the names and addresses of any potential recipients of the Data by contacting the Optionee’s local human resources representative. The Optionee authorizes the Company, a designated Plan broker and any
other possible recipients which may assist the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of
implementing, administering and managing the Optionee’s participation in the Plan. The Optionee understands that Data will be held only as long as is necessary to implement, administer and manage the Optionee’s participation in the Plan.
The Optionee understands that the Optionee may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without
cost, by contacting in writing the Optionee’s local human resources representative. The Optionee understands, however, that refusing or withdrawing the Optionee’s consent may affect the Optionee’s ability to participate in the Plan.
For more information on the consequences of the Optionee’s refusal to consent or withdrawal of consent, the Optionee understands that the Optionee may contact the Optionee’s local human resources representative. 
 12. Successors of Company. This Agreement shall be binding upon and shall inure to the benefit of any successor of the Company but, except as
provided herein, the Option may not be assigned or otherwise transferred by the Optionee. 
 13. Rights as a Shareholder. The Optionee
shall have no rights as a shareholder with respect to any shares of Class B Common Stock until the date the Optionee becomes the holder of record of those shares. No adjustment shall be made for dividends or other rights for which the record date
occurs before the date the Optionee becomes the holder of record. 
 14. Amendments. The Company may at any time amend this Agreement
to extend the expiration periods provided in Section 1 or to increase the portion of the Option that is exercisable. Otherwise, this Agreement may not be amended without the written consent of the Optionee and the Company. 

 15. Committee Determinations. The Optionee agrees to accept as binding, conclusive and final all
decisions and interpretations of the Committee or other administrator of the Plan as to the provisions of the Plan or this Agreement or any questions arising thereunder. 
 16. Governing Law. The Option grant and the provisions of this Agreement are governed by, and subject to, the laws of the State of Oregon. For purposes of litigating any dispute that arises under this grant or
the Agreement, the parties hereby submit to and consent to the jurisdiction of the State of Oregon, and agree that such litigation shall be conducted in the courts of Washington County, Oregon or the federal courts for the United States for the
District of Oregon, where this grant is made and/or to be performed. 
 17. Language. If the Optionee has received this Agreement or
any other document related to the Plan translated into a language other than English and if the meaning of the translated version is different than the English version, the English version will control. 
 18. Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to current or future participation in
the Plan by electronic means. The Optionee hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party
designated by the Company. 
 19. Severability. The provisions of this Agreement are severable and if any one or more provisions are
determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 
 20. Appendix. Notwithstanding any provisions in this Agreement, the Option grant shall be subject to any special terms and conditions set forth in any Appendix to this Agreement for the Optionee’s country. Moreover, if
the Optionee relocates to one of the countries included in the Appendix, the special terms and conditions for such country will apply to the Optionee, to the extent the Company determines that the application of such terms and conditions is
necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this Agreement. 
 21. Imposition of Other Requirements. The Company reserves the right to impose other requirements upon the Optionee’s participation in the Plan, on the Option and on any shares of Common Stock
acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require the Optionee to sign any additional agreements or undertakings
that may be necessary to accomplish the foregoing. 
 22. Complete Agreement. This Agreement, including the Plan and the Appendix,
constitutes the entire agreement between the Optionee and the Company, both oral and written concerning the matters addressed herein, except with regard to the imposition of other requirements as described under Section 21, above, and all prior
agreements or representations concerning the matters addressed herein, whether written or oral, express or implied, are terminated and of no further effect. 

 NIKE, INC. 
 APPENDIX TO THE 
 1990 STOCK INCENTIVE PLAN 
 NON-STATUTORY STOCK OPTION AGREEMENT 
 FOR NON-U.S. OPTIONEES 
 This Appendix includes additional terms and conditions that govern Options for Optionees residing
in one of the countries listed herein. Capitalized terms not explicitly defined in this Appendix but defined in the Plan and/or the Agreement shall have the same definitions as in the Plan and/or the Agreement (as applicable). 
 This Appendix also includes information regarding certain issues of which the Optionee should be aware with respect to participation in the Plan. The
information is based on the securities, exchange control and other laws in effect in the respective countries as of June 2009. Such laws are often complex and change frequently. As a result, the Company strongly recommends that the Optionee not rely
on the information in this Appendix as the only source of information relating to the consequences of participation in the Plan because the information may be out of date at the time that the Optionee exercises the Option or sell shares of Common
Stock acquired under the Plan. 
 In addition, the information contained herein is general in nature and may not apply to the Optionee’s
particular situation, and the Company is not in a position to assure the Optionee of a particular result. Accordingly, the Optionee is advised to seek appropriate professional advice as to how the relevant laws in the Optionee’s country may
apply to a particular situation. 
 Further, if the Optionee is a citizen or resident of a country other than the one in which the Optionee
is currently working, the information contained herein may not be applicable. 
 Finally, the Company may, at any time and at its own
discretion, restrict the available methods of exercising the Option/paying the purchase price or direct the repatriation of the proceeds of the sale of shares of Common Stock acquired upon exercise of the Option to facilitate compliance with any
tax, securities or other relevant laws in the Optionee’s country. 

 ARGENTINA 
 Securities Law Information. Shares of the Company’s Common Stock are not publicly offered or listed on any stock exchange in Argentina. The offer is private and not subject to the supervision of any Argentine governmental
authority. 
 Exchange Control Information. Under the current regulations adopted by the Argentine Central Bank (the “BCRA”), the
Optionee may purchase and remit foreign currency with a value up to US$2,000,000 per month out of Argentina for the purpose of acquiring foreign securities, including shares, without prior approval from the BCRA, provided the Optionee executes and
submits an affidavit to the BCRA confirming that the Optionee has not purchased and remitted funds in excess of US$2,000,000 during the relevant month. 
 Please note that exchange control regulations in Argentina are subject to frequent change. The Optionee should consult with his or her personal legal advisor regarding any exchange control obligations that the Optionee may have prior to
exercising the shares or receiving proceeds from the sale of shares under the Plan. 
 AUSTRALIA 
 Securities Law Information. If the Optionee acquires shares under the Plan and subsequently offers the shares for sale to a person or entity resident in
Australia, such an offer may be subject to disclosure requirements under Australian law, and the Optionee should obtain legal advice regarding any applicable disclosure requirements prior to making any such offer.  
 AUSTRIA 
 Consumer Protection
Information. To the extent that the provisions of the Austrian Consumer Protection Act are applicable to the Agreement and the Plan, the Optionee may be entitled to revoke his or her acceptance of the Agreement if the conditions
listed below are met: 
  

	 	(i)	If the Optionee accepts the Option outside of the business premises of the Company, the Optionee may be entitled to revoke his or her acceptance of the Agreement, provided the
revocation is made within one week after the Optionee accepts the Agreement. 

  

	 	(ii)	The revocation must be in written form to be valid. It is sufficient if the Optionee returns the Agreement to the Company or the Company’s representative with language that can
be understood as the Optionee’s refusal to conclude or honor the Agreement, provided the revocation is sent within the period set forth above. 

 BELGIUM 
 Taxation of Option. The Option must be accepted in writing either (i) within 60 days of the
offer (for tax at offer), or (ii) after 60 days of the offer (for tax at exercise). 
 Reporting Information. The Optionee is required to report
any bank or brokerage accounts opened and maintained outside Belgium on his or her annual tax return.  

 BRAZIL 
 Compliance with Law. By accepting the Option, the Optionee acknowledges his or her agreement to comply with applicable Brazilian laws and to pay any and all applicable taxes associated with the exercise of
the Option, the receipt of any dividends, and the sale of shares issued upon exercise of the Option under the Plan. 
 Exchange Control
Information. If the Optionee is a resident or domiciled in Brazil, he or she will be required to submit an annual declaration of assets and rights held outside of Brazil to the Central Bank of Brazil if the aggregate value of such assets
and rights is equal to or greater than US$100,000. Assets and rights that must be reported include shares issued upon exercise of the Option under the Plan. 
 CANADA 
 Method of Exercise. This provision supplements Section 2 of the Agreement: 
 Notwithstanding anything to the contrary in the Plan, the Optionee will not be permitted to pay the purchase price or any Tax-Related Items by delivery to the Company,
or attestation to the Company of ownership, of other Common Stock. 
 French Language Provision. The following provision will apply if the Optionee is
a resident of Quebec: 
 The parties acknowledge that it is their express wish that the Agreement, as well as all documents, notices and legal proceedings
entered into, given or instituted pursuant hereto or relating directly or indirectly hereto, be drawn up in English. 
 Les parties reconnaissent avoir
exigé la rédaction en anglais de la convention, ainsi que de tous documents exécutés, avis donnés et procédures judiciaries intentées, directement ou indirectement, relativement à ou suite
à la présente convention. 
 Termination of Employment. This provision supplements Section 9 of the Agreement. 
 In the event of involuntary termination of the Optionee’s employment (whether or not in breach of local labor laws), the Optionee’s right to receive and vest
in the Option under the Plan, if any, will terminate effective as of the date that is the earlier of: (1) the date the Optionee receives notice of termination of employment from the Company or the Optionee’s Employer, or (2) the date
the Optionee is no longer actively employed by the Company or his or her Employer regardless of any notice period or period of pay in lieu of such notice required under local law (including, but not limited to, statutory law, regulatory law and/or
common law); the Committee shall have the exclusive discretion to determine when the Optionee no longer actively employed for purposes of the Option grant. 

 Data Privacy. This provision supplements the Data Privacy section of the Agreement: 
 The Optionee hereby authorizes the Company and the Company’s representatives to discuss with and obtain all relevant information from all personnel, professional or
not, involved in the administration and operation of the Plan. The Optionee further authorizes the Company, any subsidiary or affiliate and the Committee to disclose and discuss the Plans with their advisors. The Optionee further authorizes the
Company and any subsidiary or affiliate to record such information and to keep such information in the Optionee’s employee file. 
 CHINA 
 Method of Exercise. This provision supplements Section 2 of the Agreement: 
 Notwithstanding anything to the contrary in the Agreement or the Plan, due to exchange control laws in China, the Optionee will be required to exercise his or her Option
using the cashless sell-all exercise method pursuant to which all shares subject to the exercised Option will be sold immediately upon exercise and the proceeds of sale, less the exercise price, any Tax-Related Items and broker’s fees or
commissions, will be remitted to the Optionee in accordance with any applicable exchange control laws and regulations. The Company reserves the right to provide additional methods of exercise depending on the development of local law. This
restriction will not apply to non-PRC citizens. 
 Exchange Control Requirements. The Optionee understands and agrees that, pursuant to local exchange
control requirements, the Optionee will be required to immediately repatriate the cash proceeds from the cashless exercise of the Option to China. The Optionee further understands that, under local law, such repatriation of his or her cash proceeds
may need to be effectuated through a special exchange control account established by the Company, subsidiary, affiliate or the Employer, and the Optionee hereby consents and agrees that any proceeds from the sale of shares may be transferred to such
special account prior to being delivered to the Optionee. The Company is under no obligation to secure any particular exchange conversion rate and the Company may face delays in converting the proceeds to local currency due to exchange control
restrictions. The Optionee further agrees to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China. These requirements will not apply to
non-PRC citizens. 
 CHILE 
 Securities
Law Information. Neither the Company nor the shares of Common Stock subject to the Option are registered with the Chilean Registry of Securities or under the control of the Chilean Superintendence of Securities. 
 Exchange Control Information. It is the Optionee’s responsibility to make sure that the Optionee complies with exchange control requirements in Chile when
the value of his or her Option transaction is in excess of US$10,000, regardless of whether the Optionee exercises his or her shares through a cash exercise or cashless method of exercise. 
 If the Optionee uses the cash exercise method to exercise his or her Option and the Optionee remits funds in excess of US$10,000 out of Chile, the remittance must be
made through the Formal Exchange Market (i.e., a commercial bank or registered foreign exchange office). In such case, the Optionee must provide to the bank or registered foreign exchange office certain information regarding the remittance of
funds (e.g., destination, currency, amount, parties involved, etc.). 

 If the Optionee exercises his or her Option using a cashless exercise method and the aggregate value of the purchase
price exceeds US$10,000, the Optionee must sign Annex 1 of the Manual of Chapter XII of the Foreign Exchange Regulations and file it directly with the Central Bank within 10 days of the exercise date. 
 The Optionee is not required to repatriate funds obtained from the sale of shares or the receipt of any dividends. However, if the Optionee decides to repatriate such
funds, the Optionee must do so through the Formal Exchange Market if the amount of the funds exceeds US$10,000. In such case, the Optionee must report the payment to a commercial bank or registered foreign exchange office receiving the funds.

 If the Optionee’s aggregate investments held outside of Chile exceeds US$5,000,000 (including the investments made under the Plan), the Optionee must
report the investments annually to the Central Bank. Annex 3.1 of Chapter XII of the Foreign Exchange Regulations must be used to file this report. 
 Please
note that exchange control regulations in Chile are subject to change. The Optionee should consult with his or her personal legal advisor regarding any exchange control obligations that the Optionee may have prior to exercising shares or receiving
proceeds from the sale of shares acquired under the Plan. 
 Annual Tax Reporting Obligation. The Chilean Internal Revenue Service (“CIRS”)
requires all taxpayers to provide information annually regarding: (i) the taxes paid abroad which they will use as a credit against Chilean income taxes, and (ii) the results of foreign investments. These annual reporting obligations must
be complied with by submitting a sworn statement setting forth this information before March 15 of each year. The forms to be used to submit the sworn statement are Tax Form 1853 “Annual Sworn Statement Regarding Credits for Taxes Paid
Abroad” and Tax Form 1851 “Annual Sworn Statement Regarding Investments Held Abroad.” If the Optionee is not a Chilean citizen and has been a resident in Chile for less than three years, the Optionee is exempt from the requirement to
file Tax Form 1853. These statements must be submitted electronically through the CIRS website: www.sii.cl. 
 CZECH REPUBLIC

 Exchange Control Information. Upon request of the Czech National Bank, the Optionee may need to file a notification within 15 days of the end
of the calendar quarter in which he or she acquires shares under the Plan. 
 DENMARK 
 Exchange Control and Tax Reporting Information. The Optionee may hold shares acquired under the Plan in a safety-deposit account (e.g., a brokerage
account) either with a Danish bank or with an approved foreign broker or bank. If the shares are held with a foreign broker or bank, the Optionee is required to inform the Danish Tax Administration about the safety-deposit account. For this purpose,
he or she must file a Form V (Erklaering V) with the Danish Tax Administration. Both the Optionee and the broker or bank must sign the Form V. By signing the Form V, the broker or bank undertakes an obligation, without further request each
year, to forward information to the Danish Tax Administration concerning the shares in the account. By signing the Form V, the Optionee authorizes the Danish Tax Administration to examine the account. 

 In addition, if the Optionee opens a brokerage account (or a deposit account with a U.S. bank), the brokerage account (or
bank account, as applicable) will be treated as a deposit account because cash can be held in the account. Therefore, the Optionee must also file a Form K (Erklaering K) with the Danish Tax Administration. Both the Optionee and the broker
must sign the Form K. By signing the Form K, the broker undertakes an obligation, without further request each year, to forward information to the Danish Tax Administration concerning the content of the deposit account. By signing the Form K, the
Optionee authorizes the Danish Tax Administration to examine the account. 
 FINLAND 
 There are no country specific provisions. 
 FRANCE 

 Language Consent. By accepting the Option, the Optionee confirms having read and understood the documents relating to this grant (the Plan,
the Agreement and this Appendix) which were provided in English language. The Optionee accepts the terms of those documents accordingly. 
 En acceptant
l’attribution, vous confirmez ainsi avoir lu et compris les documents relatifs à cette attribution (le Plan, le contrat et cette Annexe) qui ont été communiqués en langue anglaise. Vous acceptez les termes en
connaissance de cause. 
 GERMANY 
 There are no country-specific provisions. 
 GREECE 
 Exchange Control Information. If the Optionee exercises his or her Option through a cash exercise, withdraws funds from a bank in Greece and remits those funds out of Greece, the Optionee will be required to
submit a written application to the bank containing the following information: (i) amount and currency to be remitted; (ii) account to be debited; (iii) name and contact information of the beneficiary (the person or company to whom
the funds are to be remitted); (iv) bank of the beneficiary with address and code number; (v) account number of the beneficiary; (vi) details of the payment such as the purpose of the transaction (e.g., exercise of shares); and
(vii) expenses of the transaction. 
 If the Optionee exercises his or her Option by way of a cashless method of exercise, this application will not be
required since no funds will be remitted out of Greece. 

 HONG KONG 
 Securities Law Information: Warning: The Option and shares acquired through participation in the Plan do not constitute a public offering of securities under Hong Kong law and are available only to employees of the Company,
its subsidiaries or affiliates. The Plan, the Agreement, and other incidental communication materials have not been prepared in accordance with and are not intended to constitute a “prospectus” for a public offering of securities under the
applicable securities legislation in Hong Kong. Nor have the documents been reviewed by any regulatory authority in Hong Kong. The Option is intended only for the personal use of each eligible employee of the Employer, the Company or any subsidiary
or affiliate and may not be distributed to any other person. The Optionee is advised to exercise caution in relation to the Option. If the Optionee is in any doubt about any of the contents of the Agreement, including this Appendix, or the Plan, the
Optionee should obtain independent professional advice. 
 Sale Restriction. Notwithstanding anything contrary in the Agreement or the Plan, in
the event the Optionee’s Option vests and the Optionee or his or her heirs and representatives exercise the Option such that shares are issued to the Optionee or his or her heirs and representatives within six months of the Grant Date, the
Optionee agrees that the Optionee or his or her heirs and representatives will not dispose of any shares acquired prior to the six-month anniversary of the Grant Date. 
 Nature of Scheme. The Company specifically intends that the Plan will not be an occupational retirement scheme for purposes of the Occupational Retirement Schemes Ordinance. 
 HUNGARY 
 There are no country specific provisions.

 INDIA 
 Method of Exercise.
Notwithstanding anything to the contrary in the Plan or the Agreement, due to legal restrictions in India, the Optionee will not be permitted to pay the exercise price by a “sell-to-cover” exercise (i.e., where shares of Common
Stock subject to the Option will be sold immediately upon exercise and the proceeds of the sale will be remitted to the Company to cover the exercise price for the purchased shares and any Tax-Related Items or Fringe Benefit Tax withholding). The
Company reserves the right to permit this method of payment depending on the development of local law. 
 Repatriation of Proceeds of Sale. The
Optionee agrees to repatriate all proceeds received from the sale of shares of Common Stock to India within a reasonable time following the sale of the shares of Common Stock (i.e., within 90 days). The Optionee must maintain the foreign
inward remittance certificate received from the bank where the foreign currency is deposited in the event that the Reserve Bank of India or the Company requests proof of repatriation. It is the Optionee’s responsibility to comply with
applicable exchange control laws in India. 
 Fringe Benefit Tax. By accepting the Option and participating in the Plan, the Optionee consents and
agrees to assume any and all liability for fringe benefit tax that may be payable by the Optionee or the Employer in connection with the Plan. The Optionee understands that the grant of this Option and participation in the Plan is contingent upon
the Optionee’s agreement to assume liability for fringe benefit tax payable on the exercise of the Option. 

 Further, by accepting this Option and participating in the Plan, the Optionee agrees that the Company and/or the Employer
may collect fringe benefit tax from the Optionee by any of the means set forth in Section 4 of the Agreement or any other reasonable method established by the Company. The Optionee also agrees to execute any other consents or elections required
to accomplish the foregoing, promptly upon request of the Company. 
 INDONESIA 
 Method of Exercise. The following provision supplements Section 2 of the Agreement: 
 Due to regulatory requirements, the Optionee understands that the Optionee will be restricted to the cashless sell-all method of exercise. To complete a cashless sell-all exercise, the Optionee understands that the
Optionee needs to instruct his or her broker to: (i) sell all of the shares issued upon exercise; (ii) use the proceeds to pay the purchase price, brokerage fees and any applicable Tax-Related Items; and (iii) remit the balance in
cash to the Optionee. The Optionee will not be permitted to hold shares after exercise. Depending on the development of local laws or the Optionee’s country of residence, the Company reserves the right to modify the methods of exercising the
Option and, in its sole discretion, to permit cash exercise, cashless sell-to cover exercise or any other method of exercise and payment of Tax-Related Items permitted under the Plan. 
 ISRAEL 
 Securities Law Notification. This offer of the Option does not constitute a
public offering under the Securities Law, 1968. 
 Method of Exercise. The following provision supplements Section 2 of the Agreement:

 Due to regulatory requirements, the Optionee understands that the Optionee will be restricted to the cashless sell-all method of exercise. To complete a
cashless sell-all exercise, the Optionee understands that the Optionee needs to instruct his or her broker to: (i) sell all of the shares issued upon exercise; (ii) use the proceeds to pay the purchase price, brokerage fees and any
applicable Tax-Related Items; and (iii) remit the balance in cash to the Optionee. The Optionee will not be permitted to hold shares after exercise. Depending on the development of local laws or the Optionee’s country of residence, the
Company reserves the right to modify the methods of exercising the Option and, in its sole discretion, to permit cash exercise, cashless sell-to cover exercise or any other method of exercise and payment of Tax-Related Items permitted under the
Plan. 

 ITALY 
 Method of Exercise. The following provision supplements Section 2 of the Agreement: 
 Due to regulatory requirements, the Optionee
understands that the Optionee will be restricted to the cashless sell-all method of exercise. To complete a cashless sell-all exercise, the Optionee understands that the Optionee needs to instruct his or her broker to: (i) sell all of the
shares issued upon exercise; (ii) use the proceeds to pay the purchase price, brokerage fees and any applicable Tax-Related Items; and (iii) remit the balance in cash to the Optionee. The Optionee will not be permitted to hold shares after
exercise. Depending on the development of local laws or the Optionee’s country of residence, the Company reserves the right to modify the methods of exercising the Option and, in its sole discretion, to permit cash exercise, cashless sell-to
cover exercise or any other method of exercise and payment of Tax-Related Items permitted under the Plan. 
 Data Privacy Notice. This
provision replaces Section 11 of the Agreement: 
 The Optionee understands that the Company and the Employer as a data processor of the
Company may hold certain personal information about the Optionee, including, but not limited to, the Optionee’s name, home address and telephone number, date of birth, social insurance or other identification number, salary, nationality, job
title, any shares of stock or directorships held in the Company or any subsidiary or affiliate, details of all options or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in the Optionee’s
favor, and that the Company and the Employer will process said data and other data lawfully received from third party (collectively, “Personal Data”) for the exclusive purpose of managing and administering the Plan and complying with
applicable laws, regulations and legislation. The Optionee also understands that providing the Company with Personal Data is mandatory for compliance with laws and is necessary for the performance of the Plan and that the Optionee’s denial to
provide Personal Data would make it impossible for the Company to perform its contractual obligations and may affect the Optionee’s ability to participate in the Plan. The Optionee understands that Personal Data will not be publicized, but it
may be accessible by the Employer as a data processor of the Company and within the Employer’s organization by its internal and external personnel in charge of processing. Furthermore, Personal Data may be transferred to banks, other financial
institutions or brokers involved in the management and administration of the Plan. The Optionee understands that Personal Data may also be transferred to the independent registered public accounting firm engaged by the Company, and also to the
legitimate addressees under applicable laws. The Optionee further understands that the Company and its subsidiaries or affiliates will transfer Personal Data amongst themselves as necessary for the purpose of implementation, administration and
management of the Optionee’s participation in the Plan, and that the Company and its subsidiaries or affiliates may each further transfer Personal Data to third parties assisting the Company in the implementation, administration and management
of the Plan, including any requisite transfer of Personal Data to a broker or other third party with whom the Optionee may elect to deposit any shares acquired under the Plan or any proceeds from the sale of such shares. Such recipients may receive,
possess, use, retain and transfer Personal Data in electronic or other form, for the purposes of implementing, administering and managing the Optionee’s participation in the Plan. The Optionee understands that these recipients may be acting as
controllers, processors or persons in charge of processing, as the case may be, according to applicable privacy laws, and that they may be located in or outside the European Economic Area, such as in the United States or elsewhere, in countries that
do not provide an adequate level of data protection as intended under Italian privacy law. 

 Should the Company exercise its discretion in suspending all necessary legal obligations connected with the
management and administration of the Plan, it will delete Personal Data as soon as it has accomplished all the necessary legal obligations connected with the management and administration of the Plan. 
 The Optionee understands that Personal Data processing related to the purposes specified above shall take place under automated or non-automated conditions,
anonymously when possible, that comply with the purposes for which Personal Data is collected and with confidentiality and security provisions as set forth by applicable laws and regulations, with specific reference to Legislative Decree no.
196/2003. 
 The processing activity, including communication, the transfer of Personal Data abroad, including outside of the European Economic
Area, as specified herein and pursuant to applicable laws and regulations, does not require the Optionee’s consent thereto as the processing is necessary to performance of law and contractual obligations related to implementation,
administration and management of the Plan. The Optionee understands that, pursuant to Section 7 of the Legislative Decree no. 196/2003, he or she has the right at any moment to, including, but not limited to, obtain confirmation that Personal
Data exists or not, access, verify its content, origin and accuracy, delete, update, integrate, correct, blocked or stop, for legitimate reason, the Personal Data processing. To exercise privacy rights the Optionee should address the Data Controller
as defined in the employee privacy policy. Furthermore, the Optionee is aware that Personal Data will not be used for direct marketing purposes. In addition, Personal Data provided can be reviewed and questions or complaints can be addressed by
contacting the Optionee’s human resources department. 
 Plan Document Acknowledgment. By accepting the Option, the Optionee acknowledges
that he or she has received a copy of the Plan, the Agreement and this Appendix and has reviewed the Plan, the Agreement and this Appendix in their entirety and fully accepts all provisions thereof. The Optionee further acknowledges that he or she
has read and specifically and expressly approves the following provisions of the Agreement: (i) Section 4: Responsibility for Taxes; (ii) Section 8: No Right to Employment or Service; (iii) Section 9: Nature of Grant;
(iv) Section 16: Governing Law and Venue; (v) Section 17: Language; (vi) Section 20: Appendix; and (vii) the Data Privacy Notice and Consent section included in this Appendix. 
 Exchange Control Information. The Optionee must report in his or her annual tax return: (i) any transfers of cash or shares to or from Italy exceeding
€10,000 or the equivalent amount in U.S. dollars; and (ii) any foreign investments or investments (including proceeds from the sale of shares acquired under the Plan) held outside of Italy exceeding €10,000 or the equivalent amount in
U.S. dollars, if the investment may give rise to income in Italy. The Optionee is exempt from the formalities in (i) if the investments are made through an authorized broker resident in Italy, as the broker is required to comply with the
reporting obligation on behalf of the Optionee. 
 JAPAN 
 There are no country specific provisions. 

 KOREA 
 Exchange Control Information. If the Optionee remits funds out of Korea to pay the purchase price, the remittance of funds must be confirmed by a foreign exchange bank in Korea. The Optionee should submit the following supporting
documents evidencing the nature of the remittance to the bank together with the confirmation application: (i) the Agreement; (ii) the Plan; and (iii) his or her certificate of employment. This confirmation is not necessary if the
Optionee pays the purchase price through any form of payment whereby some or all of the shares purchased upon exercise of the Option are sold to pay the purchase price, because in this case there is no remittance of funds out of Korea. 

If the Optionee realizes US$500,000 or more from the sale of shares, he or she must repatriate the proceeds to Korea within eighteen (18) months of the sale.

 MALAYSIA 
 Malaysian Insider Trading
Notification. The Optionee should be aware of the Malaysian insider-trading rules, which may impact his or her acquisition or disposal of shares or rights to shares under the Plan. Under the Malaysian insider-trading rules, the Optionee is
prohibited from purchasing or selling shares (e.g., an Option, shares) when he or she is in possession of information which is not generally available and which he or she knows or should know will have a material effect on the price of shares
once such information is generally available. 
 Director Notification Obligation. If the Optionee is a director of the Company’s Malaysian
subsidiary, he or she is subject to certain notification requirements under the Malaysian Companies Act. Among these requirements is an obligation to notify the Malaysian subsidiary in writing when the Optionee receives or disposes of an interest
(e.g., Option, shares) in the Company or any related company. Such notifications must be made within 14 days of receiving or disposing of any interest in the Company or any related company. 
 MEXICO 
 No Entitlement or Claims for
Compensation. This provision supplements Section 9 of the Agreement: 
 By accepting the Options, the Optionee understands and agrees that any
modification of the Plan or the Agreement or its termination shall not constitute a change or impairment of the terms and conditions of employment. 
 Policy Statement. The invitation the Company is making under the Plan is unilateral and discretionary and, therefore, the Company reserves the absolute right to amend it and discontinue it at any time without any liability.

 The Company, with registered offices at One Bowerman Drive, Beaverton OR, 97005, U.S.A., is solely responsible for the administration of the Plan and
participation in the Plan and, in the Optionee’s case, the acquisition of shares does not, in any way, establish an employment relationship between the Optionee and the Company since the Optionee is participating in the Plan on a wholly
commercial basis and the sole employer is NIKE de Mexico S.A. de C.V., Ontario 1107, Col. Providencia, C.P. 44630, Guadalajara, Mexico, CP 44620, nor does it establish any rights between the Optionee and the Employer. 

 Plan Document Acknowledgment. By accepting the Option, the Optionee acknowledges that he or she has received
copies of the Plan, has reviewed the Plan and the Agreement in their entirety and fully understands and accepts all provisions of the Plan and the Agreement.  
 In addition, by signing the Agreement, the Optionee further acknowledges that he or she has read and specifically and expressly approves the terms and conditions in paragraph 9 of the Agreement, in which the following
is clearly described and established: (i) participation in the Plan does not constitute an acquired right; (ii) the Plan and participation in the Plan is offered by the Company on a wholly discretionary basis; (iii) participation in
the Plan is voluntary; and (iv) the Company and its parent, subsidiaries and affiliates are not responsible for any decrease in the value of the shares underlying the Option. 
 Finally, the Optionee hereby declares that he or she does do not reserve any action or right to bring any claim against the Company for any compensation or damages as a result of participation in the Plan and
therefore grants a full and broad release to the Employer and the Company and its parent, subsidiaries and affiliates with respect to any claim that may arise under the Plan. 
 Spanish Translation 
 Reconocimiento de la Ley Laboral. Estas disposiciones complementan el apartado
9 del Acuerdo: 
 Por medio de la aceptación de la Opción, quien tiene la opción manifiesta que entiende y acuerda
que cualquier modificación del Plan o su terminación no constituye un cambio o desmejora en los términos y condiciones de empleo. 
 Declaración de Política. La invitación por parte de la Compañía bajo el Plan es unilateral y discrecional y, por lo tanto, la Compañía se reserva el derecho absoluto
de modificar y discontinuar el mismo en cualquier momento, sin ninguna responsabilidad. 
 La Compañía, con oficinas registradas
ubicadas en One Bowerman Drive, Beaverton OR, 97005, EE.UU., es la única responsable por la administración del Plan y de la participación en el mismo y, en el caso del que tiene la opción, la adquisición de
acciones no establece de forma alguna, una relación de trabajo entre el que tiene la opción y la Compañía, ya que la participación en el Plan por parte del que tiene la opción es completamente comercial y el
único patrón es NIKE de Mexico S.A. de C.V., Ontario 1107, Col. Providencia, C.P. 44630, Guadalajara, Mexico, CP 44620, así como tampoco establece ningún derecho entre el que tiene la opción y el
patrón. 
 Reconocimiento del Plan de Documentos. Por medio de la aceptación de la Opción, el que tiene la
opción reconoce que ha recibido copias del Plan, que el mismo ha sido revisado al igual que la totalidad del Acuerdo y, que ha entendido y aceptado las disposiciones contenidas en el Plan y en el Acuerdo. 
 Adicionalmente, al firmar el Acuerdo, el que tiene la opción reconoce que ha leído, y que aprueba específica y expresamente los términos y
condiciones contenidos en el apartado 9 del Acuerdo, sección en la cual se encuentra claramente descrito y establecido lo siguiente: (i) la 

 
participación en el Plan no constituye un derecho adquirido; (ii) el Plan y la participación en el mismo es ofrecida por la
Compañía de forma enteramente discrecional; (iii) la participación en el Plan es voluntaria; y (iv) la Compañía, así como su sociedad controlante, subsidiaria or filiales no son responsables por
cualquier detrimento en el valor de las acciones en relación con la Opción. 
 Finalmente, por medio de la presente quien tiene la
opción declara que no se reserva ninguna acción o derecho para interponer una demanda en contra de la Compañía por compensación, daño o perjuicio alguno como resultado de la participación en el Plan y
en consecuencia, otorga el más amplio finiquito a su patrón, así como a la Compañía, a su sociedad controlante, subsidiaria or filiales con respecto a cualquier demanda que pudiera originarse en virtud del Plan.

 NETHERLANDS 
 Securities Law
Information. The Optionee should be aware of the Dutch insider-trading rules, which may impact the sale of shares acquired at exercise of the Option. In particular, the Optionee may be prohibited from effectuating certain transactions if the
Optionee has inside information about the Company. 
 By accepting the grant of the Option and participating in the Plan, the Optionee acknowledges having
read and understood this Securities Law Information and further acknowledges that it is the Optionee’s responsibility to comply with the following Dutch insider trading rules. 
 Under Article 46 of the Act on the Supervision of the Securities Trade 1995, anyone who has “insider information” related to an issuing company is prohibited from effectuating a transaction in securities in
or from the Netherlands. “Inside information” is defined as knowledge of details concerning the issuing company to which the securities relate that is not public and which, if published, would reasonably be expected to affect the stock
price, regardless of the development of the price. The insider could be any employee of the Company or a subsidiary in the Netherlands who has inside information as described herein. 
 Given the broad scope of the definition of inside information, a Optionee working at a subsidiary or affiliate in the Netherlands may have inside information and, thus, would be prohibited from effectuating a
transaction in securities in the Netherlands at a time when the Optionee had such inside information. 
 If the Optionee is uncertain whether the
insider-trading rules apply to him or her, he or she should consult his or her personal legal advisor. 
 NEW ZEALAND 

Securities Law Notification. The Optionee will receive the following documents (in addition to this Appendix) in connection with the Option grant: 

 

	 	(i)	an Agreement which sets forth the terms and conditions of the Option grant; 

	 	(ii)	a copy of the Company’s most recent annual report and most recent financial reports have been made available to enable the Optionee to make informed decisions concerning the
Option; and 

  

	 	(iii)	a copy of a summary of the Plan (“Summary”) (i.e., the Company’s Form S-8 Plan Prospectus under the U.S. Securities Act of 1933, as amended), and the Company
will provide any attachments or documents incorporated by reference into the Summary upon written request. The documents incorporated by reference into the Summary are updated periodically. Should the Optionee request copies of the documents
incorporated by reference into the Summary, the Company will provide the Optionee with the most recent documents incorporated by reference. 

 NORWAY 
 No country-specific terms apply. 
 PHILIPPINES 
 Securities Law Information. Any future offer or sale of the
securities acquired upon the Optionee’s exercise of the Option is subject to registration requirements under the Code unless such offer or sale qualifies as an exempt transaction. 
 POLAND 
 Exchange Control Information. If the Optionee transfers funds in excess of
€15,000 into or out of Poland in connection with the purchase or sale of shares under the Plan, the funds must be transferred via a bank account. The Optionee is required to retain the documents connected with a foreign exchange transaction for
a period of five (5) years, as measured from the end of the year in which such transaction occurred. If the Optionee holds shares acquired under the Plan and/or maintains a bank or brokerage account abroad, the Optionee will have reporting
duties to the National Bank of Poland. The Optionee should consult with his or her personal legal advisor to determine what he or she must do to fulfill any applicable reporting duties. 
 PORTUGAL 
 Exchange Control Information. If the
Optionee holds shares purchased at exercise, the acquisition of shares should be reported to the Banco de Portugal for statistical purposes. If the shares are deposited with a commercial bank or financial intermediary in Portugal, such bank or
financial intermediary will submit the report on the Optionee’s behalf. If the shares are not deposited with a commercial bank or financial intermediary in Portugal, the Optionee is responsible for submitting the report to the Banco de
Portugal. 
 RUSSIA 
 U.S.
Transaction. The Optionee understands that the Option shall be valid and this Agreement shall be concluded and become effective only when the Agreement is electronically received by the Company in the United States. Upon exercise of the Option,
any shares to be issued to the employee shall be delivered to the Optionee through a bank or brokerage account in the United States. 

 Securities Law Notification. This Appendix, the Agreement, the Plan and all other materials that the Optionee may
receive regarding participation in the Plan do not constitute advertising or an offering of securities in Russia. The issuance of securities pursuant to the Plan has not and will not be registered in Russia; hence, the securities described in any
Plan-related documents may not be used for offering or public circulation in Russia. 
 Exchange Control Information. In order to perform a cash
exercise of the Option, the Optionee must remit the funds from a foreign currency account at an authorized bank in Russia. This requirement does not apply if the Optionee uses a cashless method of exercise, such that there is no remittance of funds
out of Russia. 
 Under current exchange control regulations, within a reasonably short time after sale of the shares acquired under the Plan, the Optionee
must repatriate the sale proceeds to Russia. Such sale proceeds must be initially credited to the Optionee through a foreign currency account at an authorized bank in Russia. After the sale proceeds are initially received in Russia, they may be
further remitted to foreign banks in accordance with Russian exchange control laws. If the Optionee exercises his or her Options through a cashless sell-all method of exercise (whereby the Optionee instructs the broker to sell all of the shares
issued upon exercise of his or her shares, use the proceeds to pay the purchase price, brokerage fees and any Tax-Related Items and remit the balance in cash to the Optionee), to the extent that the Optionee receives the exercise proceeds through
the Optionee’s local payroll, the requirement to credit the proceeds through a Russian authorized bank will not apply to the Optionee. 
 The Optionee
is encouraged to contact his or her personal advisor before remitting the Optionee’s sale proceeds to Russia as exchange control requirements may change. 
 SINGAPORE 
 Securities Law Notification. The Plan document has not been
lodged or registered as a prospectus with the Monetary Authority of Singapore. Accordingly, the Plan and any other document or material in connection with the offer or sale, or invitation for subscription or purchase, of options may not be
circulated or distributed, nor may the options be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore other than (i) to a qualifying person under
Section 273(1)(f) of the Securities and Futures Act, Chapter 289 of Singapore (the “Act”) or (ii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the Act. 
 Director Notification Obligation. If the Optionee is a director, associate director or shadow director of a Singapore subsidiary of the Company, the Optionee is
subject to certain notification requirements under the Singapore Companies Act. Among these requirements is an obligation to notify the Singaporean subsidiary in writing when the Optionee receives an interest (e.g., Option, shares) in the
Company or any related companies. Please contact the Company to obtain a copy of the notification form. In addition, the Optionee must notify the Singapore subsidiary when the Optionee sells shares of the Company or any related company (including
when the Optionee sell shares acquired under the Plans). These notifications must be made within two days of acquiring 

 
or disposing of any interest in the Company or any related company. In addition, a notification must be made of the Optionee’s interests in the Company
or any related company within two days of becoming a director. 
 SOUTH AFRICA 
 Responsibility for Taxes. The following provision supplements Section 4 of the Agreement: 
 By accepting the Option, the Optionee agrees that, immediately upon exercise of the Option, he or she will notify the Employer of the amount of any gain realized. If the Optionee fails to advise the Employer of the
gain realized upon exercise, he or she may be liable for a fine. The Optionee will be solely responsible for paying any difference between the actual tax liability and the amount withheld. 
 Tax Clearance Certificate for Cash Exercises. If the Optionee exercises the Option using a cash exercise method, the Optionee must obtain and provide to the
Employer, or any third party designated by the Employer or the Company, a Tax Clearance Certificate (with respect to Foreign Investments) bearing the official stamp and signature of the Exchange Control Department of the South African Revenue
Service (“SARS”). The Optionee must renew this Tax Clearance Certificate every twelve months, or such other period as may be required by the SARS. If the Optionee exercises by a cashless exercise method whereby no funds are remitted out of
South Africa, no Tax Clearance Certificate is required. 
 Exchange Control Information. The Optionee should consult his or her personal advisor to
ensure compliance with applicable exchange control regulations in South Africa; as such regulations are subject to frequent change. The Optionee is responsible for ensuring compliance with all exchange control laws in South Africa. 
 SPAIN 
 Nature of Grant. This provision
supplements Section 9 of the Agreement: 
 In accepting the Option, the Optionee consents to participate in the Plan and acknowledges that he or she has
received a copy of the Plan. 
 The Optionee understands that the Company has unilaterally, gratuitously and discretionally decided to grant stock options
under the Plan to individuals who may be employees of the Company or a subsidiary or affiliate throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not
economically or otherwise bind the Company or any subsidiary or affiliate. Consequently, the Optionee understands that the Option is granted on the assumption and condition that the Option and any shares acquired upon exercise of the Option are not
part of any employment contract (either with the Company or any subsidiary or affiliate) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, the
Optionee understands that the Option would not be granted to the Optionee but for the assumptions and conditions referred to herein; thus, the Optionee acknowledges and freely accepts that should any or all of the assumptions be mistaken or should
any of the conditions not be met for any reason, then the grant of this Option shall be null and void. 

 Exchange Control Information. The Optionee must declare the acquisition of shares to the Dirección
General de Politica Comercial y de Inversiones Extranjeras (the “DGPCIE”) of the Ministerio de Economia for statistical purposes. The Optionee must also declare ownership of any shares with the Directorate of Foreign
Transactions each January while the shares are owned. In addition, if the Optionee wishes to import the ownership title of any shares (i.e., share certificates) into Spain, he or she must declare the importation of such securities to the
DGPCIE. 
 When receiving foreign currency payments derived from the ownership of shares (i.e., cash dividends or sale proceeds), the Optionee must
inform the financial institution receiving the payment of the basis upon which such payment is made. The Optionee will need to provide the financial institution with the following information: (i) the Optionee’s name, address and fiscal
identification number; (ii) the name and corporate domicile of the Company; (iii) the amount of the payment; (iv) the currency used; (v) the country of origin; (vi) the reasons for the payment; and (vii) additional
information that may be required. 
 SWEDEN 
 There are no country specific provisions. 
 SWITZERLAND 
 Securities Law Information. The grant of Option under the Plan is considered a private offering in Switzerland and is, therefore, not subject to registration in Switzerland. 
 Method of Exercise. The following provision supplements Section 2 of the Agreement: 
 Due to regulatory requirements, the Optionee understands that the Optionee will be restricted to the cashless sell-all method of exercise. To complete a cashless
sell-all exercise, the Optionee understands that the Optionee needs to instruct his or her broker to: (i) sell all of the shares issued upon exercise; (ii) use the proceeds to pay the purchase price, brokerage fees and any applicable
Tax-Related Items; and (iii) remit the balance in cash to the Optionee. The Optionee will not be permitted to hold shares after exercise. Depending on the development of local laws or the Optionee’s country of residence, the Company
reserves the right to modify the methods of exercising the Option and, in its sole discretion, to permit cash exercise, cashless sell-to cover exercise or any other method of exercise and payment of Tax-Related Items permitted under the Plan.

 TAIWAN 
 There are no country specific
provisions. 

 THAILAND 
 Exchange Control Information. If the Optionee remits funds out of Thailand to exercise his or her Option, it is the Optionee’s responsibility to comply with applicable exchange control laws. Under current exchange control
regulations, Optionees may remit funds out of Thailand up to U.S.$1,000,000 per year to purchase shares (and otherwise invest in securities abroad) by submitting an application to an authorized agent, (i.e., a commercial bank authorized by the Bank
of Thailand to engage in the purchase, exchange and withdrawal of foreign currency). The application includes the Foreign Exchange Transaction Form, a letter describing the Option, a copy of the Plan and related documents, and evidence showing the
nexus between the Company and the Employer. If the Optionee uses a cashless method of exercise that does not involve remitting funds out of Thailand, this requirement does not apply. 
 When the Optionee sells shares issued at exercise, the Optionee must repatriate all cash proceeds to Thailand and then convert such proceeds to Thai Baht within 360 days of repatriation. If the amount of the
Optionee’s proceeds is US$20,000 or more, the Optionee must specifically report the inward remittance to the Bank of Thailand on a foreign exchange transaction form. If the Optionee fails to comply with these obligations, the Optionee may be
subject to penalties assessed by the Bank of Thailand. 
 The Optionee should consult his or her personal advisor prior to taking any action with respect to
remittance of proceeds from the sale of shares into Thailand. The Optionee is responsible for ensuring compliance with all exchange control laws in Thailand. 
 TURKEY 
 Exchange Control Information. Exchange control regulations require Turkish residents to purchase
securities through financial intermediary institutions that are approved under the Capital Market Law (i.e., banks licensed in Turkey). Therefore, if the Optionee exercises his or her Option using a cash exercise method, the funds must be
remitted through a bank or other financial institution licensed in Turkey. A wire transfer of funds by a Turkish bank will satisfy this requirement. This requirement does not apply to a cashless exercise, as no funds are remitted out of Turkey.

 UNITED KINGDOM 
 Tax
Obligations. The following provisions supplement the Tax Obligations section of the Agreement: 
 The Optionee agrees that, if Optionee does not pay or
the Employer or the Company does not withhold from the Optionee the full amount of Tax-Related Items that the Optionee owes at exercise of the Option, or the release or assignment of the Option for consideration, or the receipt of any other benefit
in connection with the Option (the “Taxable Event”) within 90 days after the Taxable Event, or such other period specified in section 222(1)(c) of the U.K. Income Tax (Earnings and Pensions) Act 2003, then the amount that should have been
withheld shall constitute a loan owed by the Optionee to the Employer, effective 90 days after the Taxable Event. The Optionee agrees that the loan will bear interest at the HMRC’s official rate and will be immediately due and repayable by the
Optionee, and the Company and/or the Employer may recover it at any time thereafter by withholding the funds from salary, bonus or any other funds due to the Optionee by the Employer, by withholding in shares issued upon exercise of the Option or
from the cash proceeds from the sale of shares or by demanding cash or a check from the Optionee. The Optionee also authorizes the Company to delay the issuance of any shares unless and until the loan is repaid in full. 

 Notwithstanding the foregoing, if the Optionee is an officer or executive director (as within the meaning of section
13(k) of the U.S. Securities and Exchange Act of 1934, as amended), the terms of the immediately foregoing provision will not apply. In the event that the Optionee is an officer or executive director and Tax-Related Items are not collected from or
paid by the Optionee within 90 days of the Taxable Event, the amount of any uncollected Tax-Related Items may constitute a benefit to the Optionee on which additional income tax and National Insurance Contributions may be payable. The Optionee
acknowledges that the Company or the Employer may recover any such additional income tax and National Insurance Contributions at any time thereafter by any of the means referred to in the Tax Obligations section of the Agreement, although the
Optionee acknowledges that he/she ultimately will be responsible for reporting any income tax or National Insurance Contributions due on this additional benefit directly to the HMRC under the self-assessment regime. 
 URUGUAY 
 There are no country specific provisions.

 VIETNAM 
 Method of
Exercise. The following provision supplements Section 2 of the Agreement: 
 Due to regulatory requirements, the Optionee understands that
the Optionee will be restricted to the cashless sell-all method of exercise. To complete a cashless sell-all exercise, the Optionee understands that the Optionee needs to instruct his or her broker to: (i) sell all of the shares issued upon
exercise; (ii) use the proceeds to pay the purchase price, brokerage fees and any applicable Tax-Related Items; and (iii) remit the balance in cash to the Optionee. The Optionee will not be permitted to hold shares after exercise.
Depending on the development of local laws or the Optionee’s country of residence, the Company reserves the right to modify the methods of exercising the Option and, in its sole discretion, to permit any other method of exercise and payment of
Tax-Related Items permitted under the Plan. 
 Exchange Control Information. All cash proceeds from the sale of shares as described above must be
immediately repatriated to Vietnam. Such repatriation of proceeds may need to be effectuated through a special exchange control account established by the Company or its subsidiary or affiliate, including the Employer. By accepting the Option, the
Optionee consents and agrees that the cash proceeds may be transferred to such special account prior to being delivered to the Optionee.Deferred Compensation Plan (Amended and Restated effective January 1, 2009)

 EXHIBIT 10.7 
 NIKE, INC. 
 DEFERRED COMPENSATION PLAN 
 (Amended and Restated Effective January 1, 2009) 

 NIKE, INC. DEFERRED COMPENSATION PLAN 
 January 1, 2009 Restatement 
 TABLE OF CONTENTS 
  

			
	 	  	Page
	 RECITALS
	  	1
	 ARTICLE I TITLE AND DEFINITIONS
	  	2
	 1.1       Title
	  	2
	 1.2       Definitions
	  	2
	 ARTICLE II PARTICIPATION
	  	9
	 2.1       Participation
	  	9
	 ARTICLE III DEFERRAL OF COMPENSATION
	  	9
	 3.1       Participant Elections to Defer Compensation
	  	9
	 3.2       Company or Participating Employer Contributions
	  	11
	 3.3       Investment Elections
	  	12
	 ARTICLE IV ACCOUNTS
	  	13
	 4.1       Participant Accounts
	  	13
	 ARTICLE V VESTING
	  	14
	 5.1       Compensation Deferrals
	  	14
	 5.2       Company or Participating Employer Contributions
	  	14
	 ARTICLE VI DISTRIBUTIONS
	  	14
	 6.1       Separation from Service Due to Retirement or Death
	  	14
	 6.2       Separation from Service in Certain Circumstances
	  	17
	 6.3       Scheduled Withdrawals
	  	18
	 6.4       Unscheduled Withdrawals Due to Financial Emergency
	  	18
	 6.5       Change of Control
	  	19
	 6.6       Inability To Locate Participant
	  	19
	 ARTICLE VII ADMINISTRATION
	  	20
	 7.1       Retirement Committee
	  	20
	 7.2       Retirement Committee Action
	  	20
	 7.3       Powers and Duties of the Retirement Committee
	  	20
	 7.4       Trustee Duties
	  	22
	 7.5       Company Duties
	  	22
	 ARTICLE VIII CLAIMS PROCEDURE
	  	22
	 8.1       Submission of Claim
	  	22
	 8.2       Denial of Claim
	  	22
	 8.3       Review of Denied Claim
	  	22
	 8.4       Decision upon Review of Denied Claim
	  	22

  

 i 

 TABLE OF CONTENTS 
 (continued) 
  

			
	 	  	Page
	 ARTICLE IX MISCELLANEOUS
	  	23
	 9.1       Unsecured General Creditor
	  	23
	 9.2       Restriction Against Assignment
	  	23
	 9.3       Withholding
	  	23
	 9.4       Amendment, Modification, Suspension or Termination
	  	23
	 9.5       Governing Law
	  	23
	 9.6       Entire Agreement
	  	23
	 9.7       Receipt or Release
	  	24
	 9.8       Payments on Behalf of Persons Under Incapacity
	  	24
	 9.9       No Employment Rights
	  	24
	 9.10     Headings Not Part of Agreement
	  	24
	 9.11     Tax Liabilities from Plan
	  	24
	 APPENDIX I
	  	

  

 ii 

 RECITALS 
 Effective January 1, 1998, NIKE, Inc. (the “Company”) combined its Supplemental Executive Savings Plan and its Supplemental Executive Profit Sharing Plan into a single plan, which was renamed the NIKE, Inc. Deferred
Compensation Plan (the “Plan”). The Company subsequently amended and restated the Plan, effective as of January 1, 2000, January 1, 2003, and June 1, 2004. 
 On October 3, 2004, the U.S. Congress added Section 409A to the Internal Revenue Code when it enacted the American Jobs Creation Act of 2004. Among other things, Section 409A modified the tax rules
applicable to non-qualified deferred compensation plans, such as the Plan. 
 Effective January 1, 2005, the Company adopted an interim amended and
restated Plan to demonstrate good-faith compliance with Section 409A as interpreted in guidance issued by the Department of Treasury, including but not limited to Notice 2005-1. In April 2007, the Department of Treasury issued final
regulations interpreting Section 409A. On November 1, 2007, the Company again amended and restated the Plan to substantially implement the final regulations and make certain other changes effective for amounts deferred on and after
January 1, 2008. 
 Notice 2007-86 issued by the Internal Revenue Service (“IRS”) requires the Plan to be amended by December 31, 2008 to
be in full compliance with the final regulations under Section 409A effective as of January 1, 2009. Therefore, the Company is again amending and restating the Plan to bring the Plan into compliance with the regulations under
Section 409A. This January 1, 2009 restatement of the Plan applies to deferral elections made or continued during the 2008 Annual Election Period ending no later than November 30, 2008 and during any Initial Election Period commencing
on or after December 2, 2008, and shall not affect the validity of any deferral election filed during any prior Election Period pursuant to the Plan provisions in effect at such time. The time and form of payment of all amounts deferred under
this Plan, whether before or after January 1, 2009, shall be governed by the terms of this January 1, 2009 restatement of the Plan, except that the prior Plan provisions on time and form of payment shall apply to any Participant whose
Separation from Service occurs before October 23, 2008. Transition rules under the Plan in effect at various times between December 31, 2004 and January 1, 2009 as permitted pursuant to IRS guidance under Section 409A are set
forth in Appendix I of this January 1, 2009 restatement of the Plan. 
 No amendment to the June 1, 2004 restatement of the Plan is made or
intended for amounts deferred prior to January 1, 2005. An amount is considered to be deferred after December 31, 2004 if: 
  

	 	•	 	 the Participant first acquires a legally binding right to be paid the amount (determined without regard to any deferral election by the Participant) after
December 31, 2004; or 

  

	 	•	 	 the amount is still subject to a substantial risk of forfeiture after December 31, 2004. 

  

 1 

 Amounts deferred prior to January 1, 2005, including earnings on such amounts, are subject to the rules of the
June 1, 2004 restatement of the Plan. 
 In connection with the Plan, the Company has established an irrevocable trust (the “Trust”) with a
trustee (the “Trustee”) pursuant to a trust agreement (the “Trust Agreement”). The Company and the Participating Employers intend to make contributions to the Trust so that such contributions will be held by the Trustee and
invested, reinvested and distributed, all in accordance with the provisions of this Plan and the Trust Agreement. The amounts contributed to the Trust and the earnings thereon shall be used by the Trustee to satisfy the liabilities of the Company
under the Plan. The Trust is a “grantor trust,” with the principal and income of the Trust treated as assets and income of the Company for federal and state income tax purposes. 
 The assets of the Trust shall at all times be subject to the claims of the general creditors of the Company as provided in the Trust Agreement. 
 The existence of the Trust shall not alter the characterization of the Plan as “unfunded” for purposes of the Employee Retirement Income Security Act of 1974,
as amended (“ERISA”), and shall not be construed to provide income to Participants prior to actual payment of the vested accrued benefits under the Plan. 
 NOW THEREFORE, the Company does hereby adopt this amended and restated Plan as follows: 
 ARTICLE I 
 TITLE AND DEFINITIONS 
 1.1 Title. This Plan
shall be known as the NIKE, Inc. Deferred Compensation Plan. 
 1.2 Definitions. Whenever the following words and phrases are used in this Plan, with
the first letter capitalized, they shall have the meanings specified below. 
 (a) “401(k) Profit Sharing Plan” means the
401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc. 
 (b) “Account” means for each Participant the
bookkeeping account maintained by the Administrator that is credited with amounts equal to (1) the portion of the Participant’s Salary that he or she elects to defer, (2) the portion of the Participant’s Bonus that he or she
elects to defer, (3) the portion of the Participant’s Fees that he or she elects to defer, (4) the portion of the Participant’s Long Term Incentive Payment that he or she elects to defer, (5) Company or Participating
Employer contributions, if any, made to the Plan for the Participant’s benefit, and (6) adjustments to reflect deemed Investment Returns pursuant to Section 4.1(d). 
 (c) “Administrator” means the plan administrator appointed by the Retirement Committee pursuant to Section 7.3(a)(10) to handle
day-to-day administration of the Plan and perform such other duties as shall be delegated by the Retirement Committee. 
  

 2 

 (d) “Annual Election Period” means the period designated each year during which
Participants submit their elections to defer Compensation. Unless modified by the Retirement Committee, an Annual Election Period shall end not later than November 30 of each year. For administrative convenience, a portion of each Annual
Election Period may be designated as the open enrollment period; during the portion of each Annual Election Period after expiration of the open enrollment period, the ability of Participants to make or change elections may be limited, and the
Administrator shall have discretion to accept or reject any elections or changes that are submitted. 
 (e) “Beneficiary” or
“Beneficiaries” means the beneficiary last designated in writing by a Participant, in accordance with procedures established by the Administrator, to receive the benefits specified hereunder in the event of the Participant’s
death. No Beneficiary designation shall become effective until it is filed with the Administrator during the Participant’s lifetime. 
 (f) “Board of Directors” or “Board” means the Board of Directors of the Company. 
 (g)
“Bonus” means incentive compensation payable under the Company’s Performance Sharing Plan (PSP) or a similar annual incentive compensation plan maintained by a Participating Employer. 
 (h) “Change of Control” means any of the following with respect to the Company for all Participants, and also with respect to a
Participating Employer for any Participant employed by or engaged as a Consultant to the Participating Employer at the time of the Change of Control: 
 (1) The date on which any person or group of persons, within the meaning of the final regulations under Code Section 409A, becomes the owner of fifty percent or more of the total fair market value of the
Company’s Class A and Class B common stock or a Participating Employer’s common stock, or fifty percent or more of the combined voting power of the Company’s or Participating Employer’s then outstanding voting securities
entitled to vote generally. 
 (2) The date on which any person or group of persons, within the meaning of the final regulations under Code
Section 409A, acquires (or has acquired during the twelve-month period ending on the date of the most recent acquisition) forty percent or more of the combined voting power of the Company’s or Participating Employer’s then outstanding
voting securities entitled to vote generally. 
 (3) The date on which a person or group of persons, within the meaning of the final
regulations under Code Section 409A, acquires (or has acquired during the twelve-month period ending on the date of the most recent acquisition) assets of the Company or a Participating Employer equal to or greater than ninety percent of the
total gross fair market value of all or substantially all of the Company’s or Participating Employer’s assets. A transfer of assets is not treated as a Change of Control if the assets are transferred to: 
 (A) a Company or Participating Employer shareholder (immediately before the asset transfer) in exchange for or with respect to its stock; 
  

 3 

 (B) an entity, 50 percent or more of the total value or voting power of which is owned, directly or
indirectly, by the Company or Participating Employer; 
 (C) a person, or more than one person acting as a group, that owns, directly or
indirectly, 50 percent or more of the total value or voting power of the outstanding stock of the Company or Participating Employer; 
 (D) an entity, at least 50 percent of the total value or voting power of which is owned, directly or indirectly, by a person described in paragraph (C). 
 (i) “Code” means the Internal Revenue Code of 1986, as amended. 
 (j)
“Company” means NIKE, Inc. and any successor corporation to NIKE, Inc. 
 (k) “Compensation” means the
Salary, Bonus, Fees, and Long Term Incentive Payments that an Eligible Employee, Director or Consultant earns for services rendered to the Company or a Participating Employer. 
 (l) “Consultant” means any person, including an advisor but excluding anyone who is an Employee or a Director, engaged by the Company or
a Participating Employer to render services to the Company or a Participating Employer and designated by the Retirement Committee as eligible to participate in the Plan; provided, however, that any such designation shall not become effective until
the eleventh day after the Company notifies the Administrator that such person has been so designated. The Company shall promptly notify the Administrator of any such designation. 
 (m) “Director” means a non-Employee member of the Board; provided, however, that a new member of the Board shall not become a Director
eligible to participate in the Plan until the eleventh day after the Company notifies the Administrator that such person has become a member of the Board. The Company shall promptly notify the Administrator when a person becomes a member of the
Board. 
 (n) “Discretionary Contribution”, “Ongoing Discretionary Contribution” and “Other
Discretionary Contribution” are defined in Section 3.2(c). 
 (o) “Election Period” means the period designated
under this Plan when Participants submit their elections to defer Compensation. The term Election Period includes the Initial Election Period and any Annual Election Period. 
 (p) “Eligible Employee” means any Employee who has a base salary of at least $150,000; provided, however, that an Employee whose initial
base salary is at least $150,000 or an Employee whose base salary is increased to at least $150,000 shall not become an Eligible Employee until the eleventh day after the Company notifies the Administrator that the Employee has a base salary of at
least $150,000. The Company shall promptly notify the Administrator of any Employee whose salary is at least $150,000. 
  

 4 

 (q) “Employee” means a common law employee of the Company or a Participating Employer
performing services regularly in the United States or, if not performing services regularly in the United States, a common law employee of the Company or Participating Employer who is on U.S. payroll and participating in a Company-sponsored
Global Transfer Program. 
 (r) “Fees” means (1) in the case of Directors, amounts paid by the Company in the form of
annual cash fees, including retainer fees, and fees paid for attendance at meetings of the Board and Board committees, and (2) in the case of a Consultant, the cash fees paid to such individual for services rendered to the Company. 

(s) “Fund” or “Funds” means one or more of the investment funds selected by the Retirement Committee pursuant to
Section 3.3. 
 (t) “Initial Election Period” means the 30-day period commencing with the date an individual becomes an
Eligible Employee, Director or Consultant. 
 (u) “Investment Return” means, for each Fund, an amount equal to the pre-tax
rate of gain or loss on the assets of such Fund (net of applicable fund and investment charges) from one Valuation Date to the immediately following Valuation Date. 
 (v) “Long Term Incentive Payment” means: 
 (1) an amount payable to an Eligible Employee
under the Long Term Incentive Plan; 
 (2) an amount payable to an Eligible Employee under a plan or program established by a Participating
Employer, and approved by the Company, to provide incentives to Employees of the Participating Employer to attain specified performance targets over a multi-year period; 
 (3) an amount payable under the NIKE, Inc. 1990 Stock Incentive Plan pursuant to an award with terms similar to awards made under the Long Term Incentive Plan; and 
 (4) an amount payable to an Eligible Employee under an award for a performance period (generally referred to as a Mid Plan Grant), where the Eligible
Employee had previously received an award for that performance period on the same terms under the Long Term Incentive Plan or similar plan or program of a Participating Employer, and the additional award is made in recognition of the Eligible
Employee’s promotion. 
 (w) “Long Term Incentive Plan” means the Long Term Incentive Plan of NIKE, Inc., as amended
from time to time. 
  

 5 

 (x) “Participant” means any Consultant, Director or Eligible Employee who elects to
defer Compensation in accordance with Section 3.1 and any Employee who is credited with a Company or Participating Employer contribution in accordance with Section 3.2, and shall continue to include any person who ceases to be a
Consultant, Director, Eligible Employee or Employee for as long as such person has a balance in his or her Account. 
 (y)
“Participating Employer” means an entity directly or indirectly controlled by the Company or in which the Company has a significant equity or investment interest, which the Retirement Committee or any subcommittee thereof has
designated as a Participating Employer in this Plan. 
 (z) “Payment Commencement Date” means: 
 (1) Except as provided in (2) or (3) below, a date within 90 days after the last day of the calendar quarter containing the
Participant’s Separation from Service, provided that the Participant may not designate the date within this 90-day period when payment shall be made. 
 (2) Except as provided in (3) below, if the Participant is a Specified Employee on the date of the Participant’s Separation from Service (for a reason other than death), the Payment Commencement Date shall
be a date determined by the Company not earlier than six months after the date of the Participant’s Separation from Service. 
 (3) If
the Participant elects to change the form of payment with respect to any amount deferred under the Plan in accordance with Section 6.1(b)(4), the Payment Commencement Date applicable to such amount (other than in the case of a Separation from
Service due to death) shall be five years after the date specified in (1) or (2) above, as applicable, and if the Participant elects to change the form of payment for a second or third time with respect to any amount deferred under the
Plan in accordance with Section 6.1(b)(4), the Payment Commencement Date applicable to such amount (other than in the case of death) shall be delayed another five years for each such change. 
 (aa) “Plan” means the NIKE, Inc. Deferred Compensation Plan set forth herein, now in effect, or as amended from time to time. 

(bb) “Plan Year” means the calendar year. 
 (cc) “Profit Sharing Make Up Contribution” is defined in Section 3.2(b). 
 (dd)
“Retirement” means the Participant’s Separation from Service if at the time thereof the Participant has attained at least age 35 and has completed at least sixty (60) whole months of Service. 
 (ee) “Retirement Committee” means the Retirement Committee appointed by the Board to administer the Plan in accordance with
Article VII. Unless specified otherwise by the Board, the “Retirement Committee” shall mean the Retirement Committee established under the 401(k) Profit Sharing Plan. 
  

 6 

 (ff) “Salary” for any Plan Year means the base salary paid to an Eligible Employee for
all pay periods that end during the Plan Year. Salary excludes any other form of compensation such as restricted stock, proceeds from stock options or stock appreciation rights, severance payments, moving expenses, car or other special allowance,
adjustments for overseas employment, or any other amounts included in an Eligible Employee’s taxable income that is not compensation for services. Deferral elections shall be computed before taking into account any reduction in taxable income
by salary reduction under Code Sections 125 or 401(k), or under this Plan. 
 (gg) “Scheduled Withdrawal” and
“Scheduled Withdrawal Date” are defined in Section 6.3(a). 
 (hh) “Separation from Service” shall have the
meaning ascribed to such term in Treasury Regulations §1.409A-1(h), except that the definition of Separation from Service in the foregoing regulation for an Employee shall be modified by substituting “45 percent” for
“20 percent” with the effect that a Separation from Service shall occur on a date if the level of services to be provided by the Employee to the Company and its direct and indirect subsidiaries after that date is reasonably
anticipated to be permanently reduced to less than 45 percent of the average level of bona fide services provided by the Employee to the Company and its direct and indirect subsidiaries during the immediately preceding period of 36 consecutive
months. 
 (ii) “Service” means performance of services for the Company (including any entity that is directly or indirectly
controlled by the Company or any entity in which the Company has a significant equity or investment interest, as determined by the Company for purposes of this Plan) or a Participating Employer as an Employee, Director or Consultant. 
 (jj) “Specified Employee” during any twelve-month period from April 1 through March 31 of the following year (an
“Effective Period”) means: 
 (1) any Participant who, at any time during the last calendar year ending prior to the beginning of
the Effective Period, (A) held a position of Vice President or higher of the Company, (B) was the chief executive officer of any Participating Employer that had consolidated revenues of more than $100 million during such calendar
year, or (C) was an employee reporting directly to any such chief executive officer and holding a position of Vice President or higher of the Participating Employer; and 
 (2) any other Participant who, at any time during the last calendar year ending prior to the beginning of the Effective Period, was a “key
employee” as defined in Section 416(i)(1)(A)(i), (ii) or (iii) of the Code (applied in accordance with the regulations thereunder and disregarding Section 416(i)(5) of the Code), specifically including any Participant who
was an officer of the Company or any 

  

 7 

 
subsidiary of the Company at any time during such calendar year and whose compensation received during such calendar year results in the Participant being
one of the 50 highest-compensated persons for the year in the group of all such officers. For purposes of this Section 1.2(jj) only, “compensation” shall mean compensation as defined in the safe harbor set forth in Treasury
Regulations §1.415(c)-2(d)(2), and therefore shall generally include (without limiting the detailed terms set forth in the referenced regulation) all wages and other amounts received for services to the Company and its subsidiaries including
any amounts deferred under any 401(k), cafeteria or transportation fringe plan and any amounts received on account of an overseas assignment, but specifically excluding any compensation received on exercise of a stock option or vesting of restricted
stock and any reimbursement of moving expenses. 
 (kk) “Trust”, “Trustee” and “Trust
Agreement” are defined in the Recitals. 
 (ll) “Unscheduled Withdrawal” is defined in Section 6.4(a).

 (mm) “Valuation Date” means each date on which Accounts are valued. 
 For purposes of adjusting each Participant’s Account balance for Investment Returns under Section 4.1(d), the Valuation Date means each day
that the New York Stock Exchange is open for trading. 
 For purposes of Unscheduled Withdrawals, the Valuation Date means the date the
Retirement Committee or any subcommittee thereof approves a request for an Unscheduled Withdrawal. 
 For purposes of a Scheduled Withdrawal,
the Valuation Date means a day selected by the Company in its sole discretion for administrative practicality that falls within 30 days prior to the date of payment of the Scheduled Withdrawal. 
 For purposes of calculating lump sum payments under Section 6.1 or 6.2, the Valuation Date means a day selected by the Company in its sole
discretion for administrative practicality that falls within 30 days prior to the payment date. 
 For purposes of calculating the
dollar amount of a quarterly installment payment, the Valuation Date means a day selected by the Company in its sole discretion for administrative practicality that falls within 30 days prior to the date of the quarterly payment. 
 Any valuation under this Plan shall be based on the closing market prices of the investment Funds on the applicable Valuation Date or, if the Valuation
Date is not a day on which the New York Stock Exchange is open for trading, the preceding such trading day. 
 Payment amounts and deductions
from Accounts are based on asset values as of the Valuation Date even though actual payments to the Participant will be delayed for an administratively reasonable period of time to allow for processing and reporting of payments and withholding of
applicable taxes. 
  

 8 

 ARTICLE II 
 PARTICIPATION 
 2.1 Participation. An Eligible Employee, Director or Consultant shall become a Participant in
the Plan by electing to defer a portion of his or her Compensation in accordance with Section 3.1. An Employee shall also become a Participant in the Plan by having a Company or Participating Employer contribution credited to him or her in
accordance with Section 3.2. 
 ARTICLE III 
 DEFERRAL OF COMPENSATION 
 3.1 Participant Elections to Defer Compensation 
 (a) Initial Eligibility. Each Eligible Employee, Director or Consultant may elect to defer Salary or Fees by filing an election with the
Administrator that conforms to the requirements of this Section 3.1, in a form provided by the Administrator, no later than the last day of his or her Initial Election Period. An election to defer Salary or Fees made during an Initial Election
Period shall be irrevocable following completion of the Initial Election Period and shall be effective as to Salary and Fees earned during the remainder of the current Plan Year beginning with the first pay period beginning after the Initial
Election Period. 
 (b) Automatic Continuation of Deferral Elections. A Compensation deferral election made under this Section 3.1
shall remain in effect, notwithstanding any change in the Participant’s Compensation, until modified or terminated at a subsequent Annual Election Period or as otherwise provided herein. 
 (c) Deferral Elections After Initial Election Period 
 (1) Annual Election Period. An Eligible Employee, Director or Consultant may elect to defer Compensation, or may modify or terminate a previous deferral election, by filing an election with the Administrator,
in a form provided by the Administrator, during an Annual Election Period. 
 (2) Salary and Fees. A deferral election with respect to
Salary or Fees made or continued during an Annual Election Period shall apply to Salary and Fees payable for services performed during the Plan Year following the Annual Election Period. 
 (3) Bonus. A deferral election with respect to Bonus made or continued during an Annual Election Period shall apply to Bonus payable in respect of
the fiscal year commencing during the Plan Year following the Annual Election Period. 
  

 9 

 (4) Long Term Incentive Payments. Long Term Incentive Payments generally are made in
August of each year, based on actual financial performance compared against targets established by the Company or Participating Employer for a period of more than one fiscal year. The performance period is the time period specified in the
agreement covering the award over which the performance of the Company or Participating Employer is measured to determine the amount of the Long Term Incentive Payment. A deferral election with respect to Long Term Incentive Payments made or
continued during an Annual Election Period shall apply to Long Term Incentive Payments payable in respect of performance periods commencing during the Plan Year following the Annual Election Period. If a Long Term Incentive Payment is payable in
either cash or Company stock, an election to defer the Long Term Incentive Payment shall be deemed to be an irrevocable agreement to receive the Long Term Incentive Payment in the form of cash and not as Company stock. 
 (5) Irrevocability. Any deferral election that is made or continued during an Annual Election Period shall be irrevocable following completion of
the Annual Election Period with respect to the Compensation to which the deferral election applies. 
 (d) Amount of Deferral. The
amount of Compensation that an Eligible Employee, Director or Consultant may elect to defer is as follows: 
 (1) Any whole percentage of
Salary up to 100%; 
 (2) Any whole percentage of Bonus up to 100%; 
 (3) Any whole percentage of Fees up to 100%; and 
 (4) Any whole percentage of Long Term Incentive Payments up to 100%; 
 provided, however, that no election under this
Section 3.1 shall be effective to reduce the Compensation paid to an Eligible Employee to an amount that is less than the total amount necessary (i) to satisfy any required withholding of applicable employment taxes (e.g., FICA
contributions) payable with respect to amounts deferred hereunder, (ii) to satisfy any withholding obligations under a cafeteria plan as defined in Section 125(d) of the Code, and (iii) to satisfy any resulting income tax withholding
required with respect to Compensation that cannot be deferred. 
 (e) Suspension or Termination of Deferrals 
 (1) Unscheduled Withdrawals under Old Plan. If a Participant receives an unscheduled in-service withdrawal (with 10 percent forfeiture) under
the June 1, 2004 restatement of the Plan, all deferral elections of the Participant under this Plan that are then irrevocable shall remain in effect, but the Participant shall be prohibited from making or continuing any deferral elections
during the next two Annual Election Periods following receipt of the unscheduled in-service withdrawal. 
  

 10 

 (2) Hardship Withdrawal under 401(k) Profit Sharing Plan. If a Participant receives a hardship
withdrawal under the 401(k) Profit Sharing Plan (or a Participating Employer’s qualified plan): 
 (A) all of the Participant’s
deferral elections under this Plan shall be prospectively canceled so that no additional Compensation shall be deferred under those deferral elections after the date of the hardship withdrawal, and 
 (B) if the hardship withdrawal is received in any Plan Year after June 30 of that Plan Year, the Participant shall be ineligible to make any
deferral election during the Annual Election Period occurring during that Plan Year. 
 (3) Loss of Eligibility. If a Participant
ceases to be an Eligible Employee, Director or Consultant, all deferral elections of the Participant under this Plan that are then irrevocable shall remain in effect, but the Participant shall be ineligible to make or continue deferral elections
during subsequent Annual Election Periods unless and until the Participant re-establishes eligibility as an Eligible Employee, Director or Consultant. 
 3.2
Company or Participating Employer Contributions 
 (a) Profit Sharing Eligibility. An Employee who qualifies for a profit
sharing contribution for a fiscal year under the 401(k) Profit Sharing Plan (or a Participating Employer’s qualified retirement plan, if applicable) shall be eligible for a Company or Participating Employer contribution under
Section 3.2(b) for such fiscal year if he or she either (1) made a deferral election under Section 3.1 that resulted in the deferral of any Salary or Bonus otherwise payable during such fiscal year, or (2) receives compensation
(as defined under the 401(k) Profit Sharing Plan or a Participating Employer’s qualified retirement plan, if applicable) during such fiscal year exceeding the Code Section 401(a)(17) limit (as indexed, $225,000 for fiscal 2008), or both.

 (b) Profit Sharing Make Up Contribution. An Employee who is eligible under Section 3.2(a) for any fiscal year shall be credited
with a “Profit Sharing Make Up Contribution” for such fiscal year. The “Profit Sharing Make Up Contribution” shall be equal to the amount determined by multiplying (1) the percentage applied to eligible compensation in
calculating the profit sharing contribution under the 401(k) Profit Sharing Plan or applicable Participating Employer’s qualified retirement plan for the fiscal year, by (2) the amount determined by subtracting the Employee’s eligible
compensation used to calculate his or her profit sharing contribution under the 401(k) Profit Sharing Plan or applicable Participating Employer’s qualified retirement plan from the Employee’s compensation (as defined under the 401(k)
Profit Sharing Plan or applicable Participating Employer’s qualified retirement plan) received during such fiscal year determined (A) before any reduction for deferral of Salary or Bonus under this Plan and (B) without regard to the
Code Section 401(a)(17) limit. 
  

 11 

 (c) Discretionary Contributions. In addition to contributions in accordance with
Section 3.2(b), the Company or a Participating Employer may, in its sole discretion, make discretionary contributions (“Discretionary Contributions”) to the Accounts of one or more Employees, Directors or Consultants at such times, in
such amounts, and subject to such vesting schedules, if any, as the Board, the Participating Employer or the Retirement Committee may determine. If the Company or a Participating Employer agrees to make a Discretionary Contribution to the Account of
an Employee at a future date, and either (1) such agreement is made before the Employee becomes an Eligible Employee, or (2) the Employee is required to remain employed through the end of a fiscal year to receive the Discretionary
Contribution and the agreement is made before the Annual Election Period preceding the commencement of that fiscal year, the Discretionary Contribution shall be considered an “Ongoing Discretionary Contribution” for which the form of
payment on Retirement or death shall be determined under Section 6.1. On or prior to the date (the “Grant Date”) that the Company or Participating Employer makes or enters into a binding agreement to make any Discretionary
Contribution that is not an Ongoing Discretionary Contribution (an “Other Discretionary Contribution”), the Company or Participating Employer must specify the form of payment (lump sum or installments) of the Other Discretionary
Contribution upon Retirement or death; provided, however, that if the Other Discretionary Contribution will not be vested for at least 13 months after the Grant Date, the Participant may be given a 30-day period following the Grant Date in
which the Participant may elect the form of payment for such Other Discretionary Contribution. Payments of Other Discretionary Contributions (as adjusted for Investment Returns pursuant to Section 4.1(d)) shall be made or commenced on the
Payment Commencement Date. The Participant may elect an alternate form of payment (listed in Section 6.1(b)) for Other Discretionary Contributions under the procedures set forth in Section 6.1(b)(4). If an Other Discretionary Contribution
becomes payable under Section 6.2(a) due to the Participant’s Separation from Service for a reason other than Retirement or death, the Other Discretionary Contribution (as adjusted for Investment Returns pursuant to Section 4.1(d))
shall be paid in a single lump sum on the Payment Commencement Date. 
 3.3 Investment Elections 
 (a) Hypothetical Investment Funds. The Retirement Committee may, in its discretion, provide each Participant with a list of investment Funds
available for hypothetical investment, and the Participant may designate, in a manner specified by the Retirement Committee, one or more Funds in which his or her Account will be deemed to be invested for purposes of determining the amount of
earnings to be credited to that Account. The Retirement Committee may, from time to time, in its sole discretion select a commercially available fund to substitute for the Fund actually selected. The Investment Return of each such commercially
available fund shall be used to determine the amount of earnings or losses to be credited to Participants’ Accounts under Section 4.1(d). 
 (b) Deemed Investment Elections. In making the designation pursuant to this Section 3.3, the Participant may specify that all or any 1% multiple of his or her Account be deemed to be invested in one or more of the Funds offered
by the Retirement 

  

 12 

 
Committee. Subject to such limitations and conditions as the Retirement Committee may specify, a Participant may change the designation made under this
Section 3.3 in such manner and at such time or times as the Retirement Committee shall specify. If a Participant fails to elect a Fund under this Section 3.3, or if the Retirement Committee shall not provide Participants with a list of
Funds pursuant to this Section 3.3, the Participant shall be deemed to have elected a money market fund. 
 (c) No Company
Obligation. The Company may, but need not, acquire investments corresponding to those designated by the Participants hereunder, and it is not under any obligation to maintain any investment it may make. Any such investments, if made, shall be in
the name of the Company, and shall be its sole property in which no Participant shall have any interest. 
 ARTICLE IV 
 ACCOUNTS 
 4.1 Participant Accounts. 

The Administrator shall establish and maintain an Account for each Participant under the Plan. Each Participant’s Account shall be divided into separate
subaccounts for deferred amounts that are subject to different form of payment or Scheduled Withdrawal elections under Sections 6.1 or 6.3 or different Payment Commencement Dates, and shall be further divided into separate subaccounts
(“investment fund subaccounts”), corresponding to investment Funds selected by the Participant pursuant to Section 3.3 or as otherwise determined by the Administrator to be necessary or appropriate for proper Plan administration. A
Participant’s Account shall be credited as follows: 
 (a) Salary and Fees Deferrals. As soon as practicable following the end of
each applicable pay period, the Administrator shall credit the investment fund subaccounts of the Participant’s Account with an amount equal to Salary or Fees deferred by the Participant during such pay period in accordance with the
Participant’s election; that is, the portion of the Participant’s deferred Salary or Fees that the Participant has elected to be deemed to be invested in a certain type of investment Fund shall be credited to the investment fund subaccount
corresponding to that investment Fund. 
 (b) Bonus and Long Term Incentive Payment Deferrals. As soon as practicable after each Bonus
or Long Term Incentive Payment would have been paid to the Participant, the Administrator shall credit the investment fund subaccounts of the Participant’s Account with an amount equal to the portion of the Bonus or Long Term Incentive Payment
deferred by the Participant’s election; that is, the portion of the Participant’s deferred Bonus or Long Term Incentive Payment that the Participant has elected to be deemed to be invested in a certain type of investment Fund shall be
credited to the investment fund subaccount corresponding to that investment Fund. 
 (c) Company or Participating Employer
Contribution. As soon as practicable after the amount of any Company or Participating Employer contribution to any Participant is determined or such future date as may be determined for a Discretionary Contribution, the Administrator shall
credit the investment fund subaccounts of the Participant’s 

  

 13 

 
Account with an amount equal to the portion, if any, of any Company or Participating Employer contribution made to or for the Participant’s benefit in
accordance with Section 3.2; that is, the portion of the Participant’s Company or Participating Employer contribution, if any, that the Participant has elected to be deemed to be invested in a certain type of investment Fund shall be
credited to the investment fund subaccount corresponding to that investment Fund. 
 (d) Investment Returns. On each Valuation Date,
each investment fund subaccount of a Participant’s Account shall be adjusted for deemed Investment Returns in an amount equal to that determined by multiplying the balance credited to such investment fund subaccount as of the preceding
Valuation Date by the Investment Return for the corresponding Fund selected by the Company. 
 ARTICLE V 
 VESTING 
 5.1 Compensation Deferrals. A
Participant’s Account attributable to Compensation deferred by a Participant pursuant to the terms of this Plan, as adjusted for Investment Returns pursuant Section 4.1(d) with respect to such deferrals, shall be 100 percent vested at
all times. 
 5.2 Company or Participating Employer Contributions. Unless specified otherwise by the Board, a Participating Employer or the Retirement
Committee, the value of a Participant’s Account attributable to any Company or Participating Employer contributions pursuant to Section 3.2, as adjusted for Investment Returns pursuant Section 4.1(d) with respect to such amounts,
shall be vested in the same proportion as the profit-sharing contributions made to the Participant’s account in the 401(k) Profit Sharing Plan or in the Participating Employer’s qualified retirement plan for the corresponding fiscal year.
Any unvested portion of a Participant’s Account at the time of the Participant’s Separation from Service shall be forfeited. 
 ARTICLE VI 
 DISTRIBUTIONS 
 6.1 Separation from Service Due to Retirement or Death 
 (a) Distribution Event. If a Participant has a Separation
from Service as a result of Retirement or death, amounts in the Participant’s Account at that time attributable to deferrals of Compensation and to Profit Sharing Make Up Contributions and Ongoing Discretionary Contributions, each as adjusted
for Investment Returns pursuant to Section 4.1(d), shall be paid in the form or forms specified in Section 6.1(b). Upon Retirement or death, vested amounts in the Participant’s Account attributable to Other Discretionary Contributions
shall be paid as provided in Section 3.2. 
  

 14 

 (b) Form of Payment 
 (1) Default Form of Payment. Upon Retirement or death, payment of the amounts in the Participant’s Account attributable to deferrals of Compensation and to Profit Sharing Make Up Contributions and Ongoing
Discretionary Contributions, each as adjusted for Investment Returns pursuant to Section 4.1(d), will be made to the Participant (and after his or her death to his or her Beneficiary) in quarterly installments over 10 years beginning on
the Participant’s Payment Commencement Date. One quarterly installment shall be paid during each of the calendar quarters of each Plan Year. A calendar quarter means the three-month period ending March 31, June 30, September 30,
and December 31 of each year. The Participant’s Account value shall continue to be adjusted for Investment Returns pursuant to Section 4.1(d) of the Plan through the Valuation Date for any payment. The Participant may change the
foregoing default form of payment only in accordance with Section 6.1(b)(2) or Section 6.1(b)(4). For all Election Periods that commenced prior to October 23, 2008, the default form of payment was quarterly installments over 15 years
beginning on the Participant’s Payment Commencement Date. 
 (2) Optional Forms of Payment. In lieu of quarterly installments over
10 years upon Retirement or death, a Participant may elect a single cash lump sum payment on the Participant’s Payment Commencement Date or quarterly installments over five or 15 years beginning on the Participant’s Payment
Commencement Date. The optional form of payment election must be made or continued as part of the Participant’s election to defer Compensation during an Election Period and will apply to the entire amount of Compensation deferred pursuant to
the deferral election made or continued during that Election Period, as adjusted for Investment Returns pursuant to Section 4.1(d). An optional form of payment election made or continued by a Participant during any Annual Election Period
(including an optional form of payment election made in conjunction with a Scheduled Withdrawal election under Section 6.3(e)) shall also apply to the Profit Sharing Make Up Contribution, if any, and the Ongoing Discretionary Contribution, if
any, credited to the Participant’s Account with respect to the first fiscal year commencing after such Annual Election Period, as adjusted for Investment Returns pursuant to Section 4.1(d). An optional form of payment election made during
a Participant’s Initial Election Period (including an optional form of payment election made in conjunction with a Scheduled Withdrawal election under Section 6.3(e)) shall also apply to the Profit Sharing Make Up Contribution, if any, and
the Ongoing Discretionary Contribution, if any, credited to the Participant’s Account with respect to any fiscal year commencing prior to the first Annual Election Period in which the Participant has the opportunity to participate, as adjusted
for Investment Returns pursuant to Section 4.1(d); provided, however, that if the Participant’s Account had been credited with any Profit Sharing Make Up Contribution or Discretionary Contribution prior to such Initial Election Period, the
form of payment election made during the Initial Election Period shall only apply to the Profit Sharing Make Up Contribution, if any, and the Ongoing Discretionary Contribution, if any, credited to the Participant’s Account with respect to any
such fiscal year commencing after such Initial Election Period. An Eligible Employee who does not elect to defer Compensation during an Election Period may make or continue an optional form of payment election during that Election Period that will
apply to the Profit 

  

 15 

 
Sharing Make Up Contributions, if any, and the Ongoing Discretionary Contributions, if any, credited with respect to fiscal years as specified in the two
preceding sentences, as adjusted for Investment Returns pursuant to Section 4.1(d). A separate optional form of payment (including quarterly installments over 10 years) may be elected at each Election Period during the Participant’s
participation in the Plan. If the Participant fails to elect an optional form of payment at any given Election Period, then the optional form of payment election made or continued in the most recent preceding Election Period shall apply, and if no
such optional form of payment election shall have been made the default form of payment shall apply. After the Election Period ends in which an optional form of payment election has been made or continued, the Participant can change the optional
form of payment only in accordance with Section 6.1(b)(4). 
 (3) Amount of Quarterly Installments. The amount of each quarterly
installment paid under each applicable form of payment shall be determined by dividing the subaccount balance subject to that form of payment by the remaining number of quarterly installment payments. For example, if the form of payment for a
portion of a Participant’s Account is quarterly installments over 15 years, the first payment is determined by dividing the applicable subaccount balance as of the Valuation Date by 60, the second payment is determined by dividing the
subaccount balance as of the next Valuation Date by 59, and so on until all installments have been paid. 
 (4) Change in Form of
Payment. After the Election Period ends in which a Participant makes or continues a deferral election applicable to any Compensation or has the opportunity to make or continue an optional form of payment election applicable to any Profit Sharing
Make Up Contribution or Ongoing Discretionary Contribution, the Participant may change the form of payment upon Retirement or death for all such Compensation irrevocably deferred during that Election Period and for the Profit Sharing Make Up
Contribution or Ongoing Discretionary Contribution covered by the form of payment applicable to that Election Period to any other form of payment permitted under this Section 6.1(b), provided that: 
 (A) the Participant’s change in payment election is filed with the Administrator, in a form provided by the Administrator, at least twelve months
prior to the Payment Commencement Date applicable to such amounts and before the Participant’s Separation from Service; 
 (B) the
Payment Commencement Date for payments in respect of any amounts covered by such change in payment election, as adjusted for Investment Returns pursuant to Section 4.1(d), shall be five years after the Payment Commencement Date applicable to
such amounts prior to such change, except that a Participant’s original undelayed Payment Commencement Date (as determined under Section 1.2(z)(1)) shall always apply in the case of a Participant’s Separation from Service as a result
of death; 
  

 16 

 (C) the form of payment for any amount may only be changed three times under this
Section 6.1(b)(4); and 
 (D) the option of selecting quarterly installments over 15 years shall not be available for any change in
payment election under this Section 6.1(b)(4), the option of selecting quarterly installments over 10 years shall not be available for the second or third change in payment election under this Section 6.1(b)(4) with respect to any
amount, and the option of selecting quarterly installments over 5 years shall not be available for the third change in payment election under this Section 6.1(b)(4) with respect to any amount. 
 A Participant may also change the form of payment applicable to any amounts in his or her Account attributable to Other Discretionary Contributions to any
other form of payment permitted under this Section 6.1(b) if the above requirements of this Section 6.1(b)(4) are complied with. For purposes of this Section 6.1(b)(4), the Payment Commencement Date is the first day of the 90-day
period during which the initial payment following Separation from Service may be made under the terms of this Plan. 
 (5) Death While
Receiving Benefits. If the Participant is in pay status at the time of death, the Beneficiary shall be paid the remaining quarterly installments as they come due. 
 6.2 Separation from Service in Certain Circumstances 
 (a) Separation from Service For Reasons
Other Than Retirement or Death. In the case of a Participant who has a Separation from Service for any reason other than Retirement or death, the Participant’s optional form of payment elections shall be disregarded, and the total vested
balance in each subaccount of the Participant’s Account (including vested amounts attributable to Company and Participating Employer contributions under Section 3.2) shall be paid to the Participant in the form of a single cash lump sum
payment on the Payment Commencement Date applicable to that subaccount (after giving effect to any five-year delays of any such Payment Commencement Dates required under Section 6.1(b)(4)(B)). 
 (b) Small Benefit Amounts. Notwithstanding the foregoing distribution provisions of Section 6.1 and Section 6.2(a), if the
Participant’s total vested Account balance (including vested amounts attributable to Company and Participating Employer contributions under Section 3.2) is less than or equal to the dollar limit under Code Section 402(g) for the
calendar year in which the Separation from Service occurs ($15,500 for 2008), the Participant’s total vested Account balance shall be paid to the Participant in the form of a single cash lump sum payment on a date within 90 days after the
last day of the calendar quarter containing the Participant’s Separation from Service, provided that the Participant may not designate the date within this 90-day period when payment shall be made. 
  

 17 

 6.3 Scheduled Withdrawals 
 (a) Timing. During any Election Period, a Participant may, as part of his or her election to defer Compensation, schedule an early withdrawal (a “Scheduled Withdrawal”) for all of his or her
Compensation deferred pursuant to the deferral election made during the Election Period. Amounts attributable to Company or Participating Employer contributions described in Section 3.2, if any, shall not be eligible for Scheduled Withdrawals.
A Participant’s Scheduled Withdrawal election must specify a calendar year at least four years after the year in which the election is received by the Company, and the first day of that year shall be the “Scheduled Withdrawal Date.”
If a Scheduled Withdrawal Date is before the date a Long Term Incentive Payment is otherwise payable according to its terms, the deferral election shall not apply to that Long Term Incentive Payment. 
 (b) Amount Distributable. The amount payable to a Participant in connection with a Scheduled Withdrawal shall in all cases be 100 percent of
the Compensation deferred pursuant to the deferral election that included the Participant’s Scheduled Withdrawal election, as adjusted for Investment Returns on such deferred Compensation pursuant to Section 4.1(d), determined as of the
Valuation Date. 
 (c) Postponement. A Participant may, at least one year prior to a Scheduled Withdrawal Date, revoke his or her
Scheduled Withdrawal election in favor of a later Scheduled Withdrawal Date that is at least five years later, provided that a Participant may not postpone a Scheduled Withdrawal more than twice. 
 (d) Form. Payment of a Scheduled Withdrawal shall be made in a single lump sum within 90 days after the Scheduled Withdrawal Date, provided
that the Participant may not designate when the payment will be made within this 90-day period. 
 (e) Effect of Separation from
Service. A Participant’s Scheduled Withdrawal election shall become void and of no effect upon the Participant’s Separation from Service for any reason before the Participant’s Scheduled Withdrawal Date. In such event, the
distribution provisions of Section 6.1 or 6.2 (as applicable) shall apply. Any deferral election that includes a Scheduled Withdrawal election may also include an election for an optional form of payment under Section 6.1 that shall apply
in this event, and if no such election is made, the form of payment applicable in the most recent preceding Election Period shall apply. 
 6.4
Unscheduled Withdrawals Due to Financial Emergency 
 (a) Standard. Participants may request a withdrawal of amounts
attributable to deferrals of Compensation prior to the time such amounts would otherwise be distributed under this Plan (an “Unscheduled Withdrawal”) only upon demonstrating to the satisfaction of the Retirement Committee or any
subcommittee thereof that the Participant has experienced an unforeseeable financial emergency. For purposes of this section, an unforeseeable financial emergency means a severe financial hardship to the Participant resulting from an illness or
accident of the Participant, the Participant’s 

  

 18 

 
spouse, the Participant’s tax dependent(s) or the Participant’s Beneficiary, loss of the Participant’s property due to casualty, or other
similar extraordinary and unforeseeable circumstances arising as a result of events beyond the Participant’s control. Amounts attributable to Company or Participating Employer contributions described in Section 3.2, if any, shall not be
eligible for Unscheduled Withdrawals. 
 (b) Procedure. The request to take an Unscheduled Withdrawal shall be made by submitting a
written request including information supporting the request to the Retirement Committee. Upon receiving an Unscheduled Withdrawal request, the Retirement Committee or any subcommittee thereof shall determine, in its discretion as applied in a
uniform and nondiscriminatory manner, whether to permit any such Unscheduled Withdrawal and the amount, if any, to be withdrawn. 
 (c)
Amount. The amount distributed for an Unscheduled Withdrawal shall be limited to the amount necessary to satisfy the financial emergency, plus an amount necessary to pay taxes reasonably anticipated as a result of the distribution, after
taking into account the extent to which the financial emergency is or may be relieved through reimbursement or compensation by insurance or otherwise or by liquidation of the Participant’s assets. 
 (d) Partial Unscheduled Withdrawals. An Unscheduled Withdrawal pursuant to this Section 6.4 of less than the Participant’s total Account
shall be made pro rata from his or her subaccounts according to the balances in such subaccounts (excluding amounts attributable to Company or Participating Employer contributions described in Section 3.2) as of the Valuation Date for
Unscheduled Withdrawals; provided, however, subaccounts payable upon Separation from Service shall be fully utilized before any subaccounts payable on a Scheduled Withdrawal are charged. Payment of the approved Unscheduled Withdrawal amount shall be
made in a single cash lump sum within 90 days after the Unscheduled Withdrawal election is approved by the Retirement Committee or any subcommittee thereof, provided that the Participant may not designate when the payment will be made within
this 90-day period. 
 6.5 Change of Control. 
 Notwithstanding anything in this Article VI to the contrary, each Participant (or, after his or her death, his or her Beneficiary) shall be paid his or her total vested Account balance in a single cash lump sum within 30 days
after the date of a Change of Control that applies to that Participant. For example, if a Change of Control occurs with respect to a Participating Employer, this Section 6.5 shall apply only to each Participant employed by or engaged as a
Consultant to that Participating Employer at the time of the Change of Control and not to any Participant employed by or engaged as a Consultant to the Company or any Participating Employer for which a Change of Control has not occurred. 

6.6 Inability To Locate Participant. 
 In the event that the
Administrator is unable to locate a Participant or Beneficiary within two years following the Participant’s Separation from Service, the amount allocated to the Participant’s Account shall be conditionally forfeited. If, after such
forfeiture, the Participant or Beneficiary later claims such benefit, such benefit (calculated immediately prior to the forfeiture) shall be reinstated without interest or earnings from the date of the conditional forfeiture. 
  

 19 

 ARTICLE VII 
 ADMINISTRATION 
 7.1 Retirement Committee. 
 A Retirement Committee shall be appointed by, and serve at the pleasure of, the Board. The number of members comprising the Retirement Committee shall be determined by the Board, which may from time to time vary the
number of members. A member of the Retirement Committee may resign by delivering a written notice of resignation to the Board. The Board may remove any member by delivering a certified copy of its resolution of removal to such member. Vacancies in
the membership of the Retirement Committee shall be filled promptly by the Board. 
 7.2 Retirement Committee Action. 
 A majority of the members of the Retirement Committee at the time in office shall constitute a quorum for the transaction of business at all meetings. The Retirement
Committee shall act at meetings at which a quorum of members is present by affirmative vote of a simple majority of the members present. Any action permitted to be taken at a meeting may be taken without a meeting if, prior to such action, a written
consent to the action is signed by all members of the Retirement Committee and such written consent is filed with the minutes of the proceedings of the Retirement Committee. A member of the Retirement Committee shall not vote or act upon any matter
which relates solely to himself or herself as a Participant. The chairman or any other member or members of the Retirement Committee designated by the chairman may execute any certificate or other written direction on behalf of the Retirement
Committee. 
 7.3 Powers and Duties of the Retirement Committee 
 (a) General. The Retirement Committee, on behalf of the Participants and their Beneficiaries, shall enforce the Plan in accordance with its terms, shall be charged with the general administration of the Plan
and shall have all powers necessary to accomplish its purposes, including, but not by way of limitation, the following: 
  

	 	(1)	To select the funds to be the investment Funds in accordance with Section 3.3 hereof; 

  

	 	(2)	To construe and interpret the terms and provisions of this Plan; 

  

	 	(3)	To amend, modify, suspend or terminate the Plan in accordance with Section 9.4; 

  

	 	(4)	To provide periodic statements of Account to Participants and Beneficiaries; 

  

	 	(5)	To compute and certify the amount and kind of benefits payable to Participants and their Beneficiaries and to direct the Trustee as to the distribution of Trust assets;

  

	 	(6)	To maintain all records that may be necessary for the administration of the Plan; 

  

	 	(7)	To provide for the disclosure of all information and the filing or provision of all reports and statements to Participants, Beneficiaries or governmental agencies as shall be
required by law; 

  

 20 

	 	(8)	To make and publish such rules for the regulation of the Plan and procedures for the administration of the Plan as are not inconsistent with the terms of this Plan document;

  

	 	(9)	To appoint and retain legal counsel to assist the Retirement Committee in carrying out the administration of the Plan; and 

  

	 	(10)	To appoint subcommittees of the Retirement Committee, the Administrator and any other agent or agents, and to delegate to them such powers and duties in connection with the
administration of the Plan as the Retirement Committee may from time to time prescribe. 

 (b) Corrective Action. In the
event that any Participants are found to be ineligible, that is, not members of a select group of management or highly compensated employees, according to a determination made by the U.S. Department of Labor, the Retirement Committee shall take
whatever steps it deems necessary, in its sole discretion, to equitably protect the interests of all Participants. 
 (c) Construction and
Interpretation. The Retirement Committee shall have full discretion to construe and interpret the terms and provisions of this Plan, which interpretation or construction shall be final and binding on all parties, including but not limited to the
Company, the Participating Employers, and any Participant or Beneficiary. The Retirement Committee shall administer such terms and provisions in a uniform and nondiscriminatory manner and in full accordance with any and all laws applicable to the
Plan. 
 (d) Information. To enable the Retirement Committee to perform its functions, the Company and Participating Employers shall
supply full and timely information to the Retirement Committee on all matters relating to the Compensation of all Participants, their death or other cause of Separation from Service, and such other pertinent facts as the Retirement Committee may
reasonably require. The Retirement Committee is entitled to rely on the accuracy of all such information provided. 
 (e) Compensation,
Expenses and Indemnity. The members of the Retirement Committee shall serve without compensation for their services in connection with Plan administration. Expenses and fees in connection with the administration of the Plan shall be paid by the
Company. To the extent permitted by applicable state law, the Company and Participating Employers shall indemnify and save harmless the Retirement Committee and each member thereof, the Board, and any delegate of the Retirement Committee who is an
employee of the Company or a Participating Employer, against any and all expenses, liabilities and claims, including legal fees to defend against such liabilities and claims arising out of their discharge in good faith of responsibilities under or
incident to the Plan, other than expenses and liabilities arising out of bad faith or willful misconduct. This indemnity shall not preclude such further indemnities as may be available under insurance purchased by the Company or a Participating
Employer or provided by the Company or a Participating Employer under any bylaw, agreement or otherwise, to the extent such indemnities are permitted under state law. 
  

 21 

 7.4 Trustee Duties. 
 The Trustee shall manage, invest and reinvest the Trust assets as provided in the Trust Agreement. The Trustee shall collect the income on the Trust assets, and make distributions therefrom, all as provided in this Plan and in the Trust
Agreement. The Trustee shall not be liable for any failure by the Company to provide contributions sufficient to pay all accrued benefits under the Plan in accordance with the terms of this Plan. 
 7.5 Company Duties. 
 While the Plan remains in effect, the Company
shall make contributions to the Trust at least once each quarter. As soon as practicable after the close of each Plan quarter, the Company shall make an additional contribution to the Trust to the extent that previous contributions to the Trust for
the current Plan quarter are less than the total of the deferrals made by each Participant plus Company or Participating Employer contributions, if any, accrued as of the close of the current Plan quarter. 
 ARTICLE VIII 
 CLAIMS PROCEDURE 

 8.1 Submission of Claim. 
 Benefits shall be paid in
accordance with the provisions of this Plan. The Participant, or any person claiming through the Participant (“Claiming Party”), shall make a written request for benefits under this Plan, mailed or delivered to the Retirement Committee.
Such claim shall be reviewed by the Retirement Committee or its delegate. 
 8.2 Denial of Claim. 
 If a claim for payment of benefits is denied in full or in part, the Retirement Committee or its delegate shall provide a written notice to the Claiming Party within
ninety (90) days setting forth: (a) the specific reasons for denial; (b) any additional material or information necessary to perfect the claim; (c) an explanation of why such material or information is necessary; and (d) an
explanation of the steps to be taken for a review of the denial. A claim shall be deemed denied if the Retirement Committee or its delegate does not take any action within the ninety (90) day period for making an initial claim decision.

 8.3 Review of Denied Claim. 
 If the Claiming Party
desires review of a denied claim, the Claiming Party shall notify the Retirement Committee or its delegate in writing within sixty (60) days after receipt of the written notice of denial. As part of such written request, the Claiming Party may
request a review of the Plan document or other relevant, non-privileged documents, may submit any written issues and comments, and may request an extension of time for such written submission of issues and comments. 
 8.4 Decision upon Review of Denied Claim. 
 The decision on the review
of the denied claim shall be rendered by the Retirement Committee or its delegate (which may include a review subcommittee) within sixty (60) days after receipt of the request for review. The decision shall be in writing and shall state the
specific reasons for the decision, including reference to specific provisions of the Plan on which the decision is based. With prior notice to the Claiming Party, the reviewing authority may invoke an extension of 60 additional days to review the
claim. 
  

 22 

 ARTICLE IX 
 MISCELLANEOUS 
 9.1 Unsecured General Creditor. 
 Participants and their Beneficiaries, heirs, successors, and assigns shall have no legal or equitable rights, claims, or interests in any specific property or assets of the Company or any Participating Employer. No
assets of the Company or a Participating Employer shall be held in any way as collateral security for the fulfilling of the obligations of the Company under this Plan. Any and all of the Company’s and Participating Employers’ assets shall
be, and remain, the general unpledged, unrestricted assets of the Company or Participating Employers, as applicable. The Company’s obligation under the Plan shall be merely that of an unfunded and unsecured promise of the Company to pay money
in the future, and the rights of the Participants and Beneficiaries shall be no greater than those of unsecured general creditors. 
 9.2 Restriction
Against Assignment. 
 The Company shall pay all amounts payable hereunder only to the person or persons designated by the Plan and not to any other
person or entity. No part of a Participant’s Account shall be liable for the debts, contracts, or engagements of any Participant, his or her Beneficiary, or successors in interest, nor shall a Participant’s Account be subject to execution
by levy, attachment, or garnishment or by any other legal or equitable proceeding, nor shall any such person have any right to alienate, anticipate, commute, pledge, encumber, or assign any benefits or payments hereunder in any manner whatsoever.

 9.3 Withholding. 
 There shall be withheld from each
payment made under the Plan all taxes which are required to be withheld by the Company in respect to such payment. The Company shall have the right to reduce any payment by the amount of cash sufficient to provide the amount of said taxes.

 9.4 Amendment, Modification, Suspension or Termination. 
 The Retirement Committee may amend, modify, suspend or terminate the Plan in whole or in part, except that no amendment, modification, suspension or termination shall have any retroactive effect to reduce any vested amounts allocated to a
Participant’s Account, provided that a termination or suspension of the Plan or any Plan amendment or modification that will significantly increase costs to the Company shall be approved by the Board. For purposes of this Section 9.4, a
“suspension” refers to a decision to discontinue acceptance of new or continued deferral elections without affecting deferral elections that are irrevocable at the time of the suspension or the operation of the Plan with respect to amounts
previously deferred under the Plan. For purposes of this Section 9.4, a “termination” refers to a decision to terminate the Plan and accelerate the payment of Account balances. The Plan shall not be terminated unless such termination
complies with an exception (set forth in regulations or other guidance of the Internal Revenue Service) to the prohibition on acceleration of deferred compensation under Code Section 409A. 
 9.5 Governing Law. 
 This Plan shall be construed, governed and
administered in accordance with the laws of the State of Oregon, except to the extent pre-empted by federal law. 
 9.6 Entire Agreement. 

This Plan document constitutes the entire agreement of the parties with respect to deferred compensation. Only the Retirement Committee is authorized to construe and
interpret this Plan. No employee or agent of the Company or a Participating Employer is 

  

 23 

 
authorized to modify or amend the terms of this Plan, or to make promises or to commit the Company or Participating Employers to provide additional benefits
or other benefits not expressly provided for in this Plan document. In the event of conflict between this Plan document and any other oral or written communication regarding the Plan, this Plan document shall be controlling. 
 9.7 Receipt or Release. 
 Any payment to a Participant or the
Participant’s Beneficiary in accordance with the provisions of the Plan shall, to the extent thereof, be in full satisfaction of all claims against the Retirement Committee, the Company, and the Participating Employers. The Retirement Committee
may require such Participant or Beneficiary, as a condition precedent to such payment, to execute a receipt and release to such effect. 
 9.8 Payments on
Behalf of Persons Under Incapacity. 
 In the event that any amount becomes payable under the Plan to a person who, in the sole judgment of the Retirement
Committee, is considered by reason of physical or mental condition to be unable to give a valid receipt therefore, the Retirement Committee may direct that such payment be made to any person found by the Retirement Committee, in its sole judgment,
to have assumed the care of such person. Any payment made pursuant to such determination shall constitute a full release and discharge of the Retirement Committee, the Company, and the Participating Employers. 
 9.9 No Employment Rights. 
 Participation in this Plan shall not
confer upon any person any right to be employed by the Company or a Participating Employer or any other right not expressly provided hereunder. 
 9.10
Headings Not Part of Agreement. 
 Headings and subheadings in this Plan are inserted for convenience of reference only and are not to be considered in
the construction of the provisions hereof. 
 9.11 Tax Liabilities from Plan. 
 If a tax liability (including a tax liability under Code Section 409A) is generated before a Participant is eligible to receive a Plan benefit, the Retirement Committee may, in its discretion, order a
distribution of funds sufficient to meet such liability (including additions to tax, penalties and interest) or any other amount up to the amount required to be included in the Participant’s income. Such a distribution shall reduce the benefits
to be paid under Article VI of the Plan. 
 IN WITNESS WHEREOF, the Company has caused this document to be executed by its duly authorized officer
effective as of this 23rd day of October, 2008. 

			
	NIKE, INC.
		
	By:	 	/s/ Robert W. Woodruff
	Title:	 	VP/Treasurer

  

 24 

 NIKE, INC. DEFERRED COMPENSATION PLAN 
 (January 1, 2009 Restatement) 
 APPENDIX I 
 Transition Rules Under Section 409A of the Internal Revenue Code 
 The following modifications to the terms of the Plan were in effect during the period between December 31, 2004 and January 1, 2009 as permitted by the transition rules under Section 409A of the Code
set forth below. 
 (1) Deferral Elections for 2005 Plan Year: 
 On or before March 15, 2005, a Participant could elect to defer Compensation for services performed during the 2005 Plan Year, provided that the amounts to which the deferral election relates had not been paid or made available at the
time of the election. For the 2005 Plan Year only, a Participant could irrevocably elect at any time during the 2005 Plan Year to reduce the percentage to be deferred from Salary, Incentive Payments, and Fees earned in the remainder of the 2005 Plan
Year to zero. 
 The transition rules relied upon were Q&A 20 and 21 of IRS Notice 2005-1. 
 (2) Change in Form of Payment During 2005 Plan Year: 
 During the 2005 Plan Year only, a Participant was permitted to
change his or her form of payment election, provided that his or her change was filed with the Administrator at least one year prior to his or her Payment Commencement Date. A Participant was not required to postpone the affected distribution for
five years from the original payment date. 
 The transition rule relied upon was Q&A 19(c) of IRS Notice 2005-1. 
 (3) Change in Scheduled Withdrawal Date During 2005 Plan Year: 
 During the 2005 Plan Year only, a Participant was permitted, at least one year prior to a Scheduled Withdrawal Date, to revoke his or her Scheduled Withdrawal election in favor of a later Scheduled Withdrawal Date. The five-year minimum
postponement period did not apply to postponement elections made on or before December 31, 2005. 
 The transition rule relied upon was Q&A 19(c) of
IRS Notice 2005-1. 
 (4) November 2006 Deferral Elections for Long Term Incentive Payments: 
 If a Participant made an election during the Annual Election Period in November 2005 to defer Long Term Incentive Payments anticipated to be made in
August 2007, the Participant was permitted during the Annual Election Period in November 2006 to make an election to defer an additional amount of the Long Term Incentive Payment for August 2007. However, a Participant was not
permitted to decrease or cancel his or her prior deferral election with respect to Long Term Incentive Payments, except as provided in the case of an unforeseeable financial emergency. 
  

 I-I 

 Also, during the Annual Election Period in November 2006, a Participant was permitted to change his or her form of
payment election for the Long Term Incentive Payments that were subject to a deferral election made in November 2005 (and that were credited to the Participant’s Account in August 2007). 
 The transition rule relied upon was Section 3.02 of IRS Notice 2006-79. 
 (5) November 2007 Deferral Elections for Long Term Incentive Payments: 
 During the November 2007 Annual Election Period, a
Participant was permitted to make a deferral election for the following Long Term Incentive Payments: 
  

			
	 Long Term Incentive Payment
 for Performance Period Ending
	  	 Anticipated
 Long Term Incentive Payment Date

	 May 31, 2008
	  	August 2008
	 May 31, 2009
	  	August 2009
	 May 31, 2010
	  	August 2010

 The transition rule relied upon was Section 3.02 of IRS Notice 2006-79. 
 In addition, at the November 2007 Annual Election Period, a Participant was permitted to make a deferral election with respect to Long Term Incentive Payments for
the performance period ending May 31, 2011, under the general timing rule for deferral elections under Treas. Reg. § 1.409A-2(a)(3) and as provided under the terms of the Plan. A Participant who elected a Scheduled Withdrawal for
Compensation deferred during the November 2007 Annual Election Period was required to specify the same withdrawal year for any deferred Long Term Incentive Payment for the performance period ending in 2008 as the Participant specified for Salary and
Bonus paid in 2008, but was permitted to select different withdrawal years for any deferred Long Term Incentive Payments for the performance periods ending in 2009, 2010 and 2011. 
 (6) November 2007 Deferral Elections for Bonus: 
 During the November 2007 Annual Election Period, a
Participant was permitted to make a deferral election for Bonus attributable to the fiscal year ending May 31, 2008 without satisfying all conditions under the terms of the Plan otherwise required for such deferral election. 
 The transition rule relied upon was Section 3.02 of IRS Notice 2006-79. 
 (7) November 2007 Payment Elections for Profit Sharing Make Up Contributions Contributed in 2008: 
 During the November 2007 Annual
Election Period, a Participant was permitted to designate a form of payment for the Profit Sharing Make Up Contribution (as adjusted for Investment Returns pursuant to Section 4.1(d)) that was contributed to his or her Account in
August 2008 (attributable to the 401(k) Profit Sharing Plan plan year ended May 31, 2008), without regard to the deferral timing rules under Code Section 409A. 
  

 I-2 

 The transition rule relied upon was Section 3.02 of IRS Notice 2006-79. 
 (8) Change of Control during 2008 Plan Year: 
 The following
modifications to Section 6.5 of the Plan applied to any Change of Control that occurred during the 2008 Plan Year. 
 With respect to any Change of
Control that occurs during the 2008 Plan Year, each Participant to whom such Change of Control applies (or, after his or her death, his or her Beneficiary) shall be paid his or her full Account balance in a single cash lump sum in January 2009.

 Notwithstanding anything to the contrary in this Plan, if a Change of Control occurs with respect to the Company during the 2008 Plan Year, then payment
of the full Account balance shall be commenced to each Participant (or, after his or her death, to his or her Beneficiary) within 30 days after the date of such Change of Control and such amount shall be paid in such form as elected by the
Participant with respect to a distribution by reason of the Participant’s Retirement or, if no such election has been filed, in a lump sum. 
 Notwithstanding anything to the contrary in this Plan, if both (1) a Change of Control occurs with respect to a Participating Employer during the 2008 Plan Year and (2) a Participant employed by that Participating Employer has a
Separation from Service in the 2008 Plan Year after such Change of Control, then any resulting payment(s) that would have been made to the Participant (or, after his or her death, to his or her Beneficiary) in the 2008 Plan Year had such Change of
Control not occurred shall be made in the 2008 Plan Year and the remaining Account balance shall be paid to the Participant (or, after his or her death, to his or her Beneficiary) in January 2009. 
 The transition rule relied upon was Section 3.02 of IRS Notice 2007-86. 
 (9) October/November 2008 Deferral Elections for Bonus: 
 During the October/November 2008 Annual Election Period, a Participant
may make a deferral election for Bonus attributable to the fiscal year ending May 31, 2009. In addition, if a Participant who elected to defer Bonus during the November 2007 Annual Election Period does not submit a deferral election during the
October/November 2008 Annual Election Period, the deferral election with respect to Bonus continued during the October/November 2008 Annual Election Period shall apply to Bonus attributable to the fiscal year ending May 31, 2009 (as well as to
Bonus attributable to the fiscal year ending May 31, 2010 as described in Section 3.1(c)(3)). 
 The transition rule to be relied upon is
Section 3.02 of IRS Notice 2007-86. 
  

 I-3 

 (10) October/November 2008 Change in Form of Payment for Profit Sharing Make Up Contributions and Discretionary
Contributions: 
 During the October/November 2008 Annual Election Period, a Participant will be permitted to change the form of payment elections
applicable to all Profit Sharing Make Up Contributions and Discretionary Contributions contributed to his or her Account during calendar years 2005 through 2008 (as adjusted for Investment Returns pursuant to Section 4.1(d)). Also during the
October/November 2008 Annual Election Period, the form of payment election made or continued by a Participant as described in Section 6.1(b)(2) shall apply to all Profit Sharing Make Up Contributions and Discretionary Contributions
contributed to his or her Account during calendar years 2009 and 2010 (as adjusted for Investment Returns pursuant to Section 4.1(d)). For any Participant who does not make or continue a form of payment election as described in
Section 6.1(b)(2) during the October/November 2008 Annual Election Period, the form of payment for all Profit Sharing Make Up Contributions and Discretionary Contributions contributed to his or her Account during calendar years 2009 and
2010 (as adjusted for Investment Returns pursuant to Section 4.1(d)) shall be quarterly installments over 10 years beginning on the Participant’s Payment Commencement Date. 
 The transition rule to be relied upon is Section 3.02 of IRS Notice 2007-86. 
  

	(11)	October/November 2008 Deferral Elections for Long Term Incentive Payments: 

 During the October/November 2008 Annual Election Period, a Participant who received his or her first grant of a right to a Long Term Incentive Payment on or after November 1, 2007 and before October 23,
2008, and who did not have an opportunity to defer Long Term Incentive Payments during the November 2007 Annual Election Period, may make a deferral election for the following Long Term Incentive Payments: 
  

			
	 Long Term Incentive Payment
 for Performance Period Ending
	  	 Anticipated
 Long Term Incentive Payment Date

	 May 31, 2009
	  	August 2009
	 May 31, 2010
	  	August 2010
	 May 31, 2011
	  	August 2011

 The transition rule to be relied upon was Section 3.02 of IRS Notice 2007-86. 
  

 I-4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00161-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00161-of-00352.parquet"}]]