Document:

NIKE, Inc 1990 Stock Incentive Plan

 Exhibit 10.6 

NIKE, Inc. 1990 Stock Incentive Plan 

1. Purpose. The purpose of this Stock Incentive Plan (the “Plan”) is to enable NIKE, Inc. (the “Company”) to
attract and retain as directors, officers, employees, consultants, advisors and independent contractors people of initiative and ability and to provide additional incentives to such persons. 

2. Shares Subject to the Plan. Subject to adjustment as provided below and in paragraph 10, the shares to be offered under the
Plan shall consist of Class B Common Stock of the Company (“Shares”), and the total number of Shares that may be issued under the Plan shall not exceed one hundred thirty-two million (132,000,000) Shares. If an option or stock
appreciation right granted under the Plan expires, terminates or is canceled, the unissued Shares subject to such option or stock appreciation right shall again be available under the Plan. If any Shares issued pursuant to a Stock Award are
forfeited to the Company, the number of Shares forfeited shall again be available under the Plan. 
 3. Duration of Plan.
The Plan shall continue in effect until all Shares available for issuance under the Plan have been issued and all restrictions on such Shares have lapsed; provided, however, that no awards shall be made under the Plan on or after the 10th
anniversary of the last action by the shareholders approving or re-approving the Plan. The Board of Directors may suspend or terminate the Plan at any time except with respect to awards and Shares subject to restrictions then outstanding under the
Plan. Termination shall not affect any outstanding awards or the forfeitability of Shares issued under the Plan. 
 4.
Administration. The Plan shall be administered by a committee appointed by the Board of Directors of the Company consisting of not less than two directors (the “Committee”), which shall determine and designate from time to time the
individuals to whom awards shall be made, the amount of the awards and the other terms and conditions of the awards, except that only the Board of Directors may amend or terminate the Plan as provided in paragraphs 3 and 14. Subject to the
provisions of the Plan, the Committee may from time to time adopt and amend rules and regulations relating to administration of the Plan, advance the lapse of any waiting period, accelerate any exercise date, waive or modify any restriction
applicable to Shares (except those restrictions imposed by law) and make all other determinations in the judgment of the Committee necessary or desirable for the administration of the Plan. The interpretation and construction of the provisions of
the Plan and related agreements by the Committee shall be final and conclusive. The Committee may correct any defect or supply any omission or reconcile any inconsistency in the Plan or in any related agreement in the manner and to the extent it
shall deem expedient to carry the Plan into effect, and it shall be the sole and final judge of such expediency. Notwithstanding anything to the contrary contained in this Paragraph 4, the Board of Directors may delegate to the Chief Executive
Officer of the Company, as a one-member committee of the Board of Directors, the authority to grant awards with respect to a maximum of 50,000 Shares to any eligible employee who is not, at the time of such grant, subject to the reporting
requirements and liability provisions contained in Section 16 of the Securities Exchange Act of 1934 (the “Exchange Act”) and the regulations thereunder. 

5. Types of Awards; Eligibility. The Committee may, from time to time, take the following actions, separately or in combination,
under the Plan: (i) grant Incentive Stock Options, as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), as provided in paragraph 6(b); (ii) grant options other than Incentive Stock Options
(“Non-Statutory Stock Options”) as provided in paragraph 6(c); (iii) grant Stock Awards, including restricted stock and restricted stock units, as provided in paragraph 7; (iv) sell shares subject to restrictions as provided in
paragraph 8; and (v) grant stock appreciation rights as provided in paragraph 9. Any such awards may be made to employees, including employees who are officers or directors, of the Company or any parent or subsidiary corporation of the Company
and to other individuals described in paragraph 1 who the Committee believes have made or will make an important contribution to the Company or its subsidiaries; provided, however, that only employees of the Company shall be eligible to receive
Incentive Stock Options under the Plan. The Committee shall select the individuals to whom awards shall be made. The Committee shall specify the action taken with respect to each individual to whom an award is made under the Plan. No employee may be
granted options or stock appreciation rights under the Plan for more than 400,000 Shares in any calendar year. 
  

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 6. Option Grants. 

(a) Grant. The Committee may grant options under the Plan. With respect to each option grant, the Committee shall
determine the number of Shares subject to the option, the option price, the period of the option, the time or times at which the option may be exercised and whether the option is an Incentive Stock Option or a Non-Statutory Stock Option. 

(b) Incentive Stock Options. Incentive Stock Options shall be subject to the following terms and conditions:

 (i) An Incentive Stock Option may be granted under the Plan to an employee possessing more than 10 percent of
the total combined voting power of all classes of stock of the Company or of any parent or subsidiary of the Company only if the option price is at least 110 percent of the fair market value of the Shares subject to the option on the date it is
granted, as described in paragraph 6(b)(iii), and the option by its terms is not exercisable after the expiration of five years from the date it is granted. 

(ii) Subject to paragraphs 6(b)(i) and 6(d), Incentive Stock Options granted under the Plan shall continue in effect for
the period fixed by the Committee, except that no Incentive Stock Option shall be exercisable after the expiration of 10 years from the date it is granted. 

(iii) The option price per share shall be determined by the Committee at the time of grant. Subject to paragraph 6(b)(i),
the option price shall not be less than 100 percent of the fair market value of the Shares covered by the Incentive Stock Option at the date the option is granted. The fair market value shall be deemed to be the closing price of the Class B Common
Stock of the Company as reported in the New York Stock Exchange Composite Transactions in the Wall Street Journal on the date the option is granted, or if there has been no sale on that date, on the last preceding date on which a sale occurred, or
such other reported value of the Class B Common Stock of the Company as shall be specified by the Committee. 

(iv) No Incentive Stock Option shall be granted on or after the tenth anniversary of the last action by the Board of
Directors approving an increase in the number of shares available for issuance under the Plan, which action was subsequently approved within 12 months by the shareholders. 

(c) Non-Statutory Stock Options. The option price for Non-Statutory Stock Options shall be determined by the
Committee at the time of grant. The option price may not be less than 100 percent of the fair market value of the Shares covered by the Non-Statutory Stock Option on the date the option is granted. The fair market value of Shares covered by a
Non-Statutory Stock Option shall be determined pursuant to paragraph 6(b)(iii). No Non-Statutory Stock Option shall be exercisable after the expiration of 10 years from the date it is granted. 

(d) Exercise of Options. Except as provided in paragraph 6(f), no option granted under the Plan may be exercised
unless at the time of such exercise the optionee is employed by the Company or any parent or subsidiary corporation of the Company and shall have been so employed continuously since the date such option was granted. Absence on leave or on account of
illness or disability under rules established by the Committee shall not, however, be deemed an interruption of employment for this purpose. Except as provided in paragraphs 6(f), 10 and 11, options granted under the Plan may be exercised from time
to time over the period stated in each option in such amounts and at such times as shall be prescribed by the Committee, provided that options shall not be exercised for fractional shares. Unless otherwise determined by the Committee, if the
optionee does not exercise an option in any one year with respect to the full number of Shares to which the optionee is entitled in that year, the optionee’s rights shall be cumulative and the optionee may purchase those Shares in any
subsequent year during the term of the option. 
 (e) Nontransferability. Except as provided below, each
stock option granted under the Plan by its terms shall be nonassignable and nontransferable by the optionee, either voluntarily or by operation of law, 

 

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and each option by its terms shall be exercisable during the optionee’s lifetime only by the optionee. A stock option may be transferred 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. A Non-Statutory Stock Option shall also be transferable pursuant to a qualified domestic relations order as defined under the Code or Title I of the Employee Retirement
Income Security Act. The Committee may, in its discretion, authorize all or a portion of a Non-Statutory Stock Option granted to an optionee to be on terms which permit transfer by the optionee to (i) the spouse, children or grandchildren of
the optionee (“Immediate Family Members”), (ii) a trust or trusts for the exclusive benefit of Immediate Family Members, or (iii) a partnership in which Immediate Family Members are the only partners, provided that (x) there
may be no consideration for any transfer, (y) the stock option agreement pursuant to which the options are granted must expressly provide for transferability in a manner consistent with this paragraph, and (z) subsequent transfers of
transferred options shall be prohibited except by will or by the laws of descent and distribution. Following any transfer, options shall continue to be subject to the same terms and conditions as were applicable immediately prior to transfer,
provided that for purposes of paragraphs 6(d), 6(g), 10 and 11 the term “optionee” shall be deemed to refer to the transferee. The events of termination of employment of paragraph 6(f), shall continue to be applied with respect to the
original optionee, following which the options shall be exercisable by the transferee only to the extent, and for the periods specified, and all other references to employment, termination of employment, life or death of the optionee, shall continue
to be applied with respect to the original optionee. 
 (f) Termination of Employment or Death.

 (i) Unless otherwise provided at the time of grant, in the event the employment of the optionee by the Company
or a parent or subsidiary corporation of the Company terminates for any reason other than because of normal retirement, early retirement, physical disability or death, the option may be exercised at any time prior to the expiration date of the
option or the expiration of three months after the date of such termination of employment, whichever is the shorter period, but only if and to the extent the optionee was entitled to exercise the option at the date of such termination. 

(ii) Unless otherwise provided at the time of grant, in the event the employment of the optionee by the Company or a
parent or subsidiary corporation of the Company terminates as a result of the optionee’s normal retirement, any option granted to the optionee less than one year prior to the date of such termination of employment shall immediately terminate,
and any option granted to the optionee at least one year prior to the date of such termination of employment may be exercised by the optionee free of the limitations on the amount that may be purchased in any one year specified in the option
agreement at any time prior to the expiration date of the option or the expiration of four years after the date of such termination of employment, whichever is the shorter period. For purposes of this paragraph 6(f), “normal retirement”
means a termination of employment that occurs at a time when (A) the optionee’s age is at least 60 years, and (B) the optionee has at least five full years of service as an employee of the Company or a parent or subsidiary corporation
of the Company. 
 (iii) Unless otherwise provided at the time of grant, in the event the employment of the
optionee by the Company or a parent or subsidiary corporation of the Company terminates as a result of the optionee’s early retirement, any option granted to the optionee less than one year prior to the date of such termination of employment
shall immediately terminate, and any option granted to the optionee at least one year prior to the date of such termination of employment may be exercised by the optionee in the amounts and according to the schedule specified in the option agreement
with no forfeiture of any portion of the option resulting from such termination of employment, except that the option may not be exercised after the earlier of the expiration date of the option or the expiration of four years after the date of such
termination of employment. For purposes of this paragraph 6(f), “early retirement” means a termination of employment that occurs at a time when (A) the optionee’s age is at least 55 years and less than 60 years, and (B) the
optionee has at least five full years of service as an employee of the Company or a parent or subsidiary corporation of the Company. 

(iv) Unless otherwise provided at the time of grant, in the event the employment of the optionee by the Company or a
parent or subsidiary corporation of the Company terminates because 
  

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the optionee becomes disabled (within the meaning of Section 22(e)(3) of the Code), the option may be exercised by the optionee free of the limitations on the amount that may be purchased in
any one year specified in the option agreement at any time prior to the expiration date of the option or the expiration of four years after the date of such termination, whichever is the shorter period. 

(v) Unless otherwise provided at the time of grant, in the event of the death of the optionee while in the employ of the
Company or a parent or subsidiary corporation of the Company, the option may be exercised free of the limitations on the amount that may be purchased in any one year specified in the option agreement at any time prior to the expiration date of the
option or the expiration of four years after the date of such death, whichever is the shorter period, but only by the person or persons to whom such 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. 
 (vi) The Committee, at the
time of grant or at any time thereafter, may extend the three-month and four-year expiration periods any length of time not later than the original expiration date of the option, and may increase the portion of an option that is exercisable, subject
to such terms and conditions as the Committee may determine. 
 (vii) To the extent that the option of any
deceased optionee or of any optionee whose employment terminates is not exercised within the applicable period, all further rights to purchase Shares pursuant to such option shall cease and terminate. 

(g) Purchase of Shares. Unless the Committee determines otherwise, Shares may be acquired pursuant to an option
granted under the Plan only upon receipt by the Company of notice from the optionee of the optionee’s intention to exercise, specifying the number of Shares as to which the optionee desires to exercise the option and the date on which the
optionee desires to complete the transaction, and if required in order to comply with the Securities Act of 1933, as amended, containing a representation that it is the optionee’s present intention to acquire the Shares for investment and not
with a view to distribution. Unless the Committee determines otherwise, on or before the date specified for completion of the purchase of Shares pursuant to an option, the optionee must have paid the Company the full purchase price of such Shares in
cash or with the consent of the Committee, in whole or in part, in Common Stock of the Company valued at fair market value. The fair market value of Common Stock of the Company provided in payment of the purchase price shall be the closing price of
the Common Stock of the Company as reported in the New York Stock Exchange Composite Transactions in the Wall Street Journal or such other reported value of the Common Stock of the Company as shall be specified by the Committee, on the date the
option is exercised, or if such date is not a trading day, then on the immediately preceding trading day. No Shares shall be issued until full payment therefor has been made. With the consent of the Committee, an optionee may request the Company to
apply automatically the Shares to be received upon the exercise of a portion of a stock option (even though stock certificates have not yet been issued) to satisfy the purchase price for additional portions of the option. Each optionee who has
exercised an option shall immediately upon notification of the amount due, if any, pay to the Company in cash amounts necessary to satisfy any applicable federal, state and local tax withholding requirements. If additional withholding is or becomes
required beyond any amount deposited before delivery of the certificates, the optionee shall pay such amount to the Company on demand. If the optionee fails to pay the amount demanded, the Company may withhold that amount from other amounts payable
by the Company to the optionee, including salary, subject to applicable law. With the consent of the Committee, an optionee may satisfy the minimum statutory withholding obligation, in whole or in part, by having the Company withhold from the Shares
to be issued upon the exercise that number of Shares that would satisfy the withholding amount due or by delivering Common Stock of the Company to the Company to satisfy the withholding amount. Upon the exercise of an option, the number of Shares
reserved for issuance under the Plan shall be reduced by the number of Shares issued upon exercise of the option, plus the number of Shares, if any, withheld upon exercise to satisfy the tax withholding amount. 

(h) No Repricing. Except for actions approved by the shareholders of the Company or adjustments made pursuant to
paragraph 10, the option price for an outstanding option granted under the Plan may not be decreased after the date of grant nor may the Company grant a new option or pay any cash or other 

 

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consideration (including another award under the Plan) in exchange for any outstanding option granted under the Plan at a time when the option price of the outstanding option exceeds the fair
market value of the Shares covered by the option. 
 7. Stock Awards, including Restricted Stock and Restricted Stock
Units. The Committee may grant Shares as stock awards under the Plan (“Stock Awards”). Stock Awards shall be subject to the terms, conditions, and restrictions determined by the Committee. The restrictions may include restrictions
concerning transferability and forfeiture of the Shares awarded, together with such other restrictions as may be determined by the Committee. Stock Awards subject to restrictions may be either restricted stock awards under which shares are issued
immediately upon grant subject to forfeiture if vesting conditions are not satisfied, or restricted stock unit awards under which shares are not issued until after vesting conditions are satisfied. The Committee may require the recipient to sign an
agreement as a condition of the award, but may not require the recipient to pay any monetary consideration other than amounts necessary to satisfy tax withholding requirements. The agreement may contain any terms, conditions, restrictions,
representations and warranties required by the Committee. The certificates representing the Shares awarded shall bear any legends required by the Committee. The Company may require any recipient of a Stock Award to pay to the Company in cash upon
demand amounts necessary to satisfy any applicable federal, state or local tax withholding requirements. If the recipient fails to pay the amount demanded, the Company may withhold that amount from other amounts payable by the Company to the
recipient, including salary, subject to applicable law. With the consent of the Committee, a recipient may satisfy the minimum statutory withholding obligation, in whole or in part, by having the Company withhold from the awarded Shares that number
of Shares that would satisfy the withholding amount due or by delivering Common Stock of the Company to the Company to satisfy the withholding amount. Upon the issuance of Shares under a Stock Award, the number of Shares reserved for issuance under
the Plan shall, except as otherwise provided in paragraph 2, be reduced by the number of Shares issued, net of any shares withheld to satisfy tax withholding obligations. 

8. Restricted Stock. The Committee may issue Shares under the Plan for such consideration (including promissory notes and
services) as determined by the Committee, provided that in no event shall the consideration be less than 75 percent of fair market value of the Shares at the time of issuance. Shares issued under the Plan shall be subject to the terms, conditions
and restrictions determined by the Committee. The restrictions may include restrictions concerning transferability, repurchase by the Company and forfeiture of the Shares issued, together with such other restrictions as may be determined by the
Committee. All Shares issued pursuant to this paragraph 8 shall be subject to a purchase agreement, which shall be executed by the Company and the prospective recipient of the Shares prior to the delivery of certificates representing such Shares to
the recipient. The purchase agreement may contain any terms, conditions, restrictions, representations and warranties required by the Committee. The certificates representing the Shares shall bear any legends required by the Committee. The Company
may require any purchaser of restricted stock to pay to the Company in cash upon demand amounts necessary to satisfy any applicable federal, state or local tax withholding requirements. If the purchaser fails to pay the amount demanded, the Company
may withhold that amount from other amounts payable by the Company to the purchaser, including salary, subject to applicable law. With the consent of the Committee, a purchaser may deliver Common Stock of the Company to the Company to satisfy this
withholding obligation. Upon the issuance of restricted stock, the number of Shares reserved for issuance under the Plan shall be reduced by the number of Shares issued. 

9. Stock Appreciation Rights. 

(a) Grant. Stock appreciation rights may be granted under the Plan by the Committee, subject to such rules, terms,
and conditions as the Committee prescribes. 
 (b) Exercise. 

(i) A stock appreciation right shall be exercisable only at the time or times established by the Committee, except that no
stock appreciation right shall be exercisable after the expiration of 10 years from the date it is granted. If a stock appreciation right is granted in connection with an option, 

 

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the stock appreciation right shall be exercisable only to the extent and on the same conditions that the related option could be exercised. Upon exercise of a stock appreciation right, any option
or portion thereof to which the stock appreciation right relates terminates. If a stock appreciation right is granted in connection with an option, upon exercise of the option, the stock appreciation right or portion thereof to which the option
relates terminates. 
 (ii) The Committee may withdraw any stock appreciation right granted under the Plan at any
time and may impose any conditions upon the exercise of a stock appreciation right or adopt rules and regulations from time to time affecting the rights of holders of stock appreciation rights. Such rules and regulations may govern the right to
exercise stock appreciation rights granted before adoption or amendment of such rules and regulations as well as stock appreciation rights granted thereafter. 

(iii) Each stock appreciation right shall entitle the holder, upon exercise, to receive from the Company in exchange
therefor an amount equal in value to the excess of the fair market value on the date of exercise of one share of Class B Common Stock of the Company over its fair market value on the date of grant or such higher amount as the Committee may determine
(or, in the case of a stock appreciation right granted in connection with an option, the option price per Share under the option to which the stock appreciation right relates), multiplied by the number of Shares covered by the stock appreciation
right or the option, or portion thereof, that is surrendered. Payment by the Company upon exercise of a stock appreciation right may be made in Shares valued at fair market value, in cash, or partly in Shares and partly in cash, all as determined by
the Committee. 
 (iv) For purposes of this paragraph 9, the fair market value of the Class B Common Stock of the
Company on the date a stock appreciation right is exercised shall be the closing price of the Class B Common Stock of the Company as reported in the New York Stock Exchange Composite Transactions in the Wall Street Journal, or such other reported
value of the Class B Common Stock of the Company as shall be specified by the Committee, on the date the stock appreciation right is exercised, or if such date is not a trading day, then on the immediately preceding trading day. 

(v) No fractional shares shall be issued upon exercise of a stock appreciation right. In lieu thereof, cash shall be paid
in an amount equal to the value of the fractional share. 
 (vi) Each stock appreciation right granted under the
Plan by its terms shall be nonassignable and nontransferable by the holder, either voluntarily or by operation of law, except by will or by the laws of descent and distribution of the state or county of the holder’s domicile at the time of
death, and each stock appreciation right by its terms shall be exercisable during the holder’s lifetime only by the holder; provided, however, that a stock appreciation right not granted in connection with an Incentive Stock Option shall also
be transferable pursuant to a qualified domestic relations order as defined under the Code or Title I of the Employee Retirement Income Security Act. 

(vii) Each participant who has exercised a stock appreciation right shall, upon notification of the amount due, pay to the
Company in cash amounts necessary to satisfy any applicable federal, state or local tax withholding requirements. If the participant fails to pay the amount demanded, the Company may withhold that amount from other amounts payable by the Company to
the participant including salary, subject to applicable law. With the consent of the Committee a participant may satisfy the minimum statutory obligation, in whole or in part, by having the Company withhold from any Shares to be issued upon the
exercise that number of Shares that would satisfy the withholding amount due or by delivering Common Stock of the Company to the Company to satisfy the withholding amount. 

(viii) Upon the exercise of a stock appreciation right for Shares, the number of Shares reserved for issuance under the
Plan shall be reduced by the number of Shares covered by the stock appreciation right. Cash payments of stock appreciation rights shall not reduce the number of Shares reserved for issuance under the Plan. 

 

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 10. 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 by reason of any recapitalization, reclassification, stock split, combination of shares or dividend
payable in shares, appropriate adjustment shall be made by the Committee in the number and kind of shares available for awards under the Plan. In addition, the Committee shall make appropriate adjustment in the number and kind of shares subject to
outstanding awards, and the exercise price of outstanding options and stock appreciation rights, to the end that the recipient’s proportionate interest is maintained as before the occurrence of such event. The Committee may also require that
any securities issued in respect of or exchanged for Shares issued hereunder that are subject to restrictions be subject to similar restrictions. 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. 
 11. Sale of the Company; Change in Control. 

(a) Sale of the Company. Unless otherwise provided at the time of grant, if during the term of an option, stock appreciation right
or restricted stock unit award, there shall occur a merger, consolidation or plan of exchange involving the Company pursuant to which outstanding Shares are converted into cash or other stock, securities or property, or a sale, lease, exchange or
other transfer (in one transaction or a series of related transactions) of all, or substantially all, the assets of the Company, then either: 

(i) the option, stock appreciation right or restricted stock unit award shall be converted into an option, stock
appreciation right or restricted stock unit award to acquire stock of the surviving or acquiring corporation in the applicable transaction for a total purchase price equal to the total price applicable to the unexercised portion of the option, stock
appreciation right or restricted stock unit award, and with the amount and type of shares subject thereto and exercise price per share thereof to be conclusively determined by the Committee, taking into account the relative values of the companies
involved in the applicable transaction and the exchange rate, if any, used in determining shares of the surviving corporation to be held by holders of Shares following the applicable transaction, and disregarding fractional shares; or 

(ii) all unissued Shares subject to restricted stock unit awards shall be issued immediately prior to the consummation of
such transaction, all options and stock appreciation rights will become exercisable for 100 percent of the Shares subject to the option or stock appreciation right effective as of the consummation of such transaction, and the Committee shall approve
some arrangement by which holders of options and stock appreciation rights shall have a reasonable opportunity to exercise all such options and stock appreciation rights effective as of the consummation of such transaction or otherwise realize the
value of these awards, as determined by the Committee. Any option or stock appreciation right that is not exercised in accordance with procedures approved by the Committee shall terminate. 

(b) Change in Control. Unless otherwise provided at the time of grant, if paragraph 11(a)(ii) does not apply, all options and
stock appreciation rights granted under this Plan shall become exercisable in full for a remaining term extending until the earlier of the expiration date of the applicable option or stock appreciation right or the expiration of four years after the
date of termination of employment, and all Stock Awards shall become fully vested, if a Change in Control (as defined below) occurs and at any time after the earlier of Shareholder Approval (as defined below), if any, or the Change in Control and on
or before the second anniversary of the Change in Control, (i) the award holder’s employment is terminated by the Company (or its successor) without Cause (as defined below), or (ii) the award holder’s employment is terminated by
the award holder for Good Reason (as defined below). 
 (i) For purposes of this Plan, a “Change in
Control” of the Company shall mean the occurrence of any of the following events: 
  

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 (A) At any time during a period of two consecutive years, individuals who at
the beginning of such period constituted the Board of Directors of the Company (“Incumbent Directors”) shall cease for any reason to constitute at least a majority thereof; provided, however, that the term “Incumbent Director”
shall also include each new director elected during such two-year period whose nomination or election was approved by two-thirds of the Incumbent Directors then in office; 

(B) At any time that the holders of the Class A Common Stock of the Company have the right to elect (voting as a
separate class) a majority of the members of the Board of Directors of the Company, any “person” or “group” (within the meaning of Sections 13(d) and 14(d)(2) of the Exchange Act) shall, as a result of a tender or exchange offer,
open market purchases or privately negotiated purchases from anyone other than the Company, have become the beneficial owner (within the meaning of Rule 13d-3 under the Exchange Act), directly or indirectly, of more than fifty percent (50%) of
the then outstanding Class A Common Stock of the Company; 
 (C) At any time after such time as the holders
of the Class A Common Stock of the Company cease to have the right to elect (voting as a separate class) a majority of the members of the Board of Directors of the Company, any “person” or “group” (within the meaning of
Sections 13(d) and 14(d)(2) of the Exchange Act) shall, as a result of a tender or exchange offer, open market purchases or privately negotiated purchases from anyone other than the Company, have become the beneficial owner (within the meaning of
Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company ordinarily having the right to vote for the election of directors (“Voting Securities”) representing thirty percent (30%) or more of the combined
voting power of the then outstanding Voting Securities; 
 (D) A consolidation, merger or plan of exchange
involving the Company (“Merger”) as a result of which the holders of outstanding Voting Securities immediately prior to the Merger do not continue to hold at least 50% of the combined voting power of the outstanding Voting Securities of
the surviving corporation or a parent corporation of the surviving corporation immediately after the Merger, disregarding any Voting Securities issued to or retained by such holders in respect of securities of any other party to the Merger; or

 (E) A 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. 
 (ii) For purposes of this Plan, “Shareholder
Approval” shall mean approval by the shareholders of the Company of a transaction, the consummation of which would be a Change in Control. 

(iii) For purposes of this Plan, “Cause” shall mean (A) the willful and continued failure to perform
substantially the award holder’s reasonably assigned duties with the Company (other than any such failure resulting from incapacity due to physical or mental illness) after a demand for substantial performance is delivered to the award holder
by the Company which specifically identifies the manner in which the Company believes that the award holder has not substantially performed the award holder’s duties, or (B) the willful engagement in illegal conduct which is materially and
demonstrably injurious to the Company. No act, or failure to act, shall be considered “willful” if the award holder reasonably believed that the action or omission was in, or not opposed to, the best interests of the Company. 

(iv) For purposes of this Plan, “Good Reason” shall mean (A) the assignment of a different title, job or
responsibilities that results in a decrease in the level of responsibility of the award holder after Shareholder Approval, if applicable, or the Change in Control when compared to the award holder’s level of responsibility for the
Company’s operations prior to Shareholder Approval, if applicable, or the Change in Control; provided that Good Reason shall not exist if the award holder continues to have the same or a greater general level of responsibility for Company
operations after 
  

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the Change in Control as the award holder had prior to the Change in Control even if the Company operations are a subsidiary or division of the surviving company, (B) a reduction in the
award holder’s base pay as in effect immediately prior to Shareholder Approval, if applicable, or the Change in Control, (C) a material reduction in total benefits available to the award holder under cash incentive, stock incentive and
other employee benefit plans after Shareholder Approval, if applicable, or the Change in Control compared to the total package of such benefits as in effect prior to Shareholder Approval, if applicable, or the Change in Control, or (D) the
award holder is required to be based more than 50 miles from where the award holder’s office is located immediately prior to Shareholder Approval, if applicable, or the Change in Control except for required travel on company business to an
extent substantially consistent with the business travel obligations which the award holder undertook on behalf of the Company prior to Shareholder Approval, if applicable, or the Change in Control. 

12. Corporate Mergers, Acquisitions, etc. The Committee may also grant options, stock appreciation rights and Stock Awards under
the Plan having terms, conditions and provisions that vary from those specified in this Plan, provided that any such awards are granted in substitution for, or in connection with the assumption of, existing options, stock appreciation rights or
Stock Awards issued by another corporation and assumed or otherwise agreed to be provided for by the Company pursuant to or by reason of a transaction involving a corporate merger, consolidation, plan of exchange, acquisition of property or stock,
separation, reorganization or liquidation to which the Company or a parent or subsidiary corporation of the Company is a party. 

13. Clawback Policy. Unless otherwise provided at the time of grant, all awards under the Plan shall be subject to the NIKE, Inc.
Policy for Recoupment of Incentive Compensation as approved by the Committee and in effect at the time of grant, or such other policy for “clawback” of incentive compensation as may be approved from time to time by the Committee.

 14. Amendment of Plan. The Board of Directors may at any time, and from time to time, modify or amend the Plan in such
respects as it shall deem advisable because of changes in the law while the Plan is in effect or for any other reason. Except as provided in paragraphs 6(f), 9, 10 and 11, however, no change in an award already granted shall be made without the
written consent of the holder of such award. 
 15. Approvals. The obligations of the Company under the Plan are subject
to the approval of state and federal authorities or agencies with jurisdiction in the matter. The Company will use its best efforts to take steps required by state or federal law or applicable regulations, including rules and regulations of the
Securities and Exchange Commission and any stock exchange or trading system on which the Company’s shares may then be listed or admitted for trading, in connection with the grants under the Plan. The foregoing notwithstanding, the Company shall
not be obligated to issue or deliver Class B Common Stock under the Plan if such issuance or delivery would violate applicable state or federal securities laws. 

16. Employment and Service Rights. Nothing in the Plan or any award pursuant to the Plan shall (i) confer upon any employee
any right to be continued in the employment of the Company or any parent or subsidiary corporation of the Company or interfere in any way with the right of the Company or any parent or subsidiary corporation of the Company by whom such employee is
employed to terminate such employee’s employment at any time, for any reason, with or without cause, or to increase or decrease such employee’s compensation or benefits, or (ii) confer upon any person engaged by the Company any right
to be retained or employed by the Company or to the continuation, extension, renewal, or modification of any compensation, contract, or arrangement with or by the Company. 

17. Rights as a Shareholder. The recipient of any award under the Plan shall have no rights as a shareholder with respect to any
Shares until the date of issue to the recipient of a stock certificate for such Shares. Except as otherwise expressly provided in the Plan, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such
stock certificate is issued. 
  

 9Form of Long-Term Incentive Award Agreement

 Exhibit 10.15 

NIKE, INC. 
 FY
_______ LONG-TERM INCENTIVE AWARD AGREEMENT 
 Pursuant to Section 6 of the Long-Term Incentive Plan (the “Plan”)
of NIKE, Inc., an Oregon corporation (the “Company”), the Company grants to <<Name>> (“Recipient”) a performance-based award, subject to the terms and conditions of this FY _______ Long-Term Incentive Award Agreement
between the Company and Recipient, including the provisions set forth in the attached Appendix for Recipients outside the U.S., if applicable (collectively, this “Agreement”). By accepting this Agreement, Recipient agrees to all of the
terms and conditions of the award. 
 On _________, 20__, the Compensation Committee (the “Committee”) of the
Company’s Board of Directors authorized this performance-based award to Recipient. Compensation paid pursuant to this award is intended to qualify as performance-based compensation under Section 162(m) of the Internal Revenue Code of 1986,
as amended (the “Code”). 
 1.      Award. Subject to the terms and conditions of
this Agreement, the Company shall pay to Recipient the dollar amount (the “Dollar Target Award Payment”) determined under this Agreement based on (a) the Company’s financial performance during the _______-year period from
June 1, 20__ to May 31, 20__ (the “Performance Period”) as described in Section 2 and (b) Recipient’s continued employment during the Performance Period as described in Section 3. Recipient’s “Dollar
Target Award” for purposes of this Agreement is $<<Target>>. 

2.      Revenue and EPS Performance Conditions. 

2.1      Subject to Section 3, the Dollar Target Award Payment to be paid to Recipient shall be
determined by multiplying the Payout Factor by the Dollar Target Award. The “Payout Factor” equals the average of the Revenue-Related Percentage Level for the Performance Period and the EPS-Related Percentage Level for the Performance
Period. The Revenue-Related Percentage Level for the Performance Period shall be determined under the table below based on the Company’s Cumulative Revenue (as defined below) for the Performance Period. The EPS-Related Percentage Level for the
Performance Period shall be determined under the table below based on the Company’s Cumulative EPS (as defined below) for the Performance Period. For example, if the Company’s Cumulative Revenue for the Performance Period is $_______ and
the Company’s Cumulative EPS for the Performance Period is $_______, then the Revenue-Related Percentage Level will be 110%, the EPS-Related Percentage Level will be 140%, and the Payout Factor will therefore equal 125%. 

 

							
	
Cumulative Revenue
	 	 Revenue-Related

Percentage Level
	 	Cumulative EPS	 	 EPS-Related

 Percentage Level

	(in millions)	 	  	 	  	 	  
	Less than $____	 	0%	 	Less than $____	 	0%
	$____	 	50%	 	$____	 	50%

							
	
Cumulative Revenue
	 	 Revenue-Related

Percentage Level
	 	Cumulative EPS	 	 EPS-Related

 Percentage Level

	(in millions)	 	  	 	  	 	  
	$____	 	60%	 	$____	 	60%
	$____	 	70%	 	$____	 	70%
	$____	 	80%	 	$____	 	80%
	$____	 	90%	 	$____	 	90%
	$____	 	100%	 	$____	 	100%
	$____	 	110%	 	$____	 	110%
	$____	 	120%	 	$____	 	120%
	$____	 	130%	 	$____	 	130%
	$____	 	140%	 	$____	 	140%
	$____	 	150%	 	$____	 	150%
	$____	 	160%	 	$____	 	160%
	$____	 	170%	 	$____	 	170%
	$____	 	180%	 	$____	 	180%
	$____	 	190%	 	$____	 	190%
	$____ or more	 	200%	 	$____ or more	 	200%

If the Company’s Cumulative Revenue is between any two data points set forth in the first column of the above table, the
Revenue-Related Percentage Level shall be determined by interpolation between the corresponding data points in the second column of the table as follows: the difference between the Cumulative Revenue and the lower data point shall be divided by the
difference between the higher data point and the lower data point, the resulting fraction shall be multiplied by the difference between the two corresponding data points in the second column of the table, and the resulting product shall be added to
the lower corresponding data point in the second column of the table, with the resulting sum being the Revenue-Related Percentage Level. If the Company’s Cumulative EPS is between any two data points set forth in the third column of the above
table, the EPS-Related Percentage Level shall be similarly determined by interpolation between the corresponding data points in the fourth column of the table. For example, if the Company’s Cumulative Revenue is $_______ and the Company’s
Cumulative EPS is $_______, then the Revenue-Related Percentage Level will be 115%, the EPS-Related Percentage Level will be 165%, and the Payout Factor will therefore equal 140%. 

2.2      Subject to adjustment in accordance with Sections 2.4, 2.5 and 2.6 below, the Company’s
“Cumulative Revenue” for the Performance Period shall equal the sum of the Company’s revenues for the _______ fiscal years of the Company in the Performance Period. For this purpose, the Company’s revenues for each fiscal year of
the Company during the Performance Period shall be as set forth in the audited consolidated financial statements of the Company and its subsidiaries. 

2.3      Subject to adjustment in accordance with Sections 2.4, 2.5 and 2.6 below, the Company’s
“Cumulative EPS” for the Performance Period shall equal the sum of the Company’s diluted earnings per common share for the _______ fiscal years of the Company in 

 

 2 

 
the Performance Period. The Company’s diluted earnings per common share for each fiscal year of the Company during the Performance Period shall be as set forth in the audited consolidated
financial statements of the Company and its subsidiaries. 
 2.4      In the event that any
acquisition of a business shall occur during the Performance Period, the Company’s Cumulative Revenue for the Performance Period shall be appropriately adjusted to exclude the revenues of the acquired business, and the Company’s Cumulative
EPS for the Performance Period shall be appropriately adjusted to approximate the Cumulative EPS as if the acquisition had not occurred, by (a) excluding any costs of the acquisition recorded by the Company, (b) excluding the operating
income of the acquired business, (c) reducing interest expense for any cash paid or debt incurred to fund the acquisition based on the actual interest rate of such debt or the Company’s average interest rate for borrowed funds,
(d) adjusting the tax provision to reflect the adjusted amount of pre-tax income after making the above adjustments, and (e) reducing weighted average shares outstanding used for the EPS calculation by the number of Company shares, if any,
issued in the acquisition. 
 2.5      In the event that any divestiture of a business shall occur
during the Performance Period, the Company’s Cumulative Revenue for the Performance Period shall be appropriately adjusted as provided in Section 2.5(i) below to reflect an assumed level of revenue of the divested business for that portion
of the Performance Period occurring after the divestiture, and the Company’s Cumulative EPS for the Performance Period shall be appropriately adjusted (a) to exclude any gain or loss on the sale, (b) as provided in
Section 2.5(ii) below to reflect an assumed level of operating income of the divested business for that portion of the Performance Period occurring after the divestiture, (c) to reduce interest income for any cash or notes received in the
divestiture based on the actual interest rate on such notes or the Company’s average interest rate for borrowed funds, and (d) to adjust the tax provision to reflect the adjusted amount of pre-tax income after making the above adjustments.

 (i)      The Company’s Cumulative Revenue for the Performance Period shall be
appropriately adjusted to include the Imputed Revenues of the divested business. “Imputed Revenues” shall mean the result obtained by multiplying the Average Daily Revenues of the divested business by the number of calendar days in the
Performance Period occurring after the divestiture. “Average Daily Revenues” shall mean the result obtained by dividing (x) the revenues of the divested business during that portion of the Performance Period occurring prior to the
divestiture by (y) the number of calendar days in the Performance Period occurring prior to the divestiture. 

(ii)      The Company’s Cumulative EPS for the Performance Period shall be appropriately adjusted to
reflect the Imputed Operating Income of the divested business. “Imputed Operating Income” shall mean the result obtained by multiplying the Average Daily Operating Income of the divested business by the number of calendar days in the
Performance Period occurring after the divestiture. “Average Daily Operating Income” shall mean the result obtained by dividing (x) the operating income of the divested business during that portion of the Performance Period occurring
prior to the divestiture by (y) the number of calendar days in the Performance Period occurring prior to the divestiture. 
  

 3 

 2.6      If the Company implements a change in accounting
principle during the Performance Period either as a result of issuance of new accounting standards or otherwise, and the effect of the accounting change was not reflected in the Company’s business plan at the time of approval of this award,
then Cumulative Revenue and Cumulative EPS shall be adjusted to eliminate the impact of the change in accounting principle. 

2.7      All financial computations required to effect adjustments pursuant to Sections 2.4, 2.5 and 2.6
shall be calculated by the Company in accordance with generally accepted accounting principles applied in a manner consistent with the application of such principles to the preparation of the audited consolidated financial statements of the Company
and its subsidiaries. 
 3.      Employment Condition. In order to receive the Dollar
Target Award Payment determined under Section 2, Recipient must be employed by the Company or a subsidiary of the Company on the last day of the Performance Period. If Recipient’s employment by the Company and its subsidiaries is
terminated at any time prior to the end of the Performance Period, for any reason or no reason, with or without cause, including because of death or disability, Recipient shall not be entitled to receive the Dollar Target Award Payment or any
portion thereof. 
 4.      Certification and Payment. As soon as practicable following the
completion of the audit of the Company’s consolidated financial statements for the final year of the Performance Period, the Company shall calculate the Dollar Target Award Payment payable to Recipient. This calculation shall be submitted to
the Committee. Notwithstanding anything to the contrary in this Agreement, the Committee may, in its sole discretion, reduce or eliminate the calculated Dollar Target Award Payment based on circumstances relating to the performance of the Company or
Recipient. Without limiting the generality of the foregoing, if at any time during the Performance Period Recipient’s base pay is reduced or Recipient is assigned a different title, job or set of responsibilities resulting in a decrease in
Recipient’s level of responsibility for the Company (any such reduction in base pay or assignment resulting in a decrease in Recipient’s level of responsibility for the Company, a “Demotion”), the Committee may, in its sole
discretion, reduce or eliminate the calculated Dollar Target Award Payment. Recipient acknowledges and agrees that, in the event the Committee reduces or eliminates the calculated Dollar Target Award Payment in connection with any Demotion occurring
during the Performance Period, the Company intends for such reduction or elimination to constitute the “proration” of Recipient’s Dollar Target Award with respect to such Demotion described in Plan-related documents prepared by the
Company and delivered to Recipient; and that, in connection with any Demotion, in the event of any inconsistency between the “proration” provisions of any such Plan-related documents and the provisions of this Agreement, the provisions of
this Agreement shall control. 
 The Committee shall certify in writing (which may consist of approved minutes of a Committee
meeting) the level of Cumulative Revenue and Cumulative EPS attained by the Company and the Dollar Target Award Payment (if any) payable to Recipient. The Recipient shall receive the Dollar Target Award Payment so certified, subject to applicable
tax withholding, in cash on August 15, 20__. Notwithstanding the foregoing, if Recipient shall have made a valid election to defer receipt of all or any portion of the Dollar Target Award Payment

  

 4 

 
pursuant to the terms of the Company’s Deferred Compensation Plan (a “Deferral Election”), payment of all or such portion of the Dollar Target Award Payment so deferred shall be
made in accordance with the terms of the Deferred Compensation Plan and the Deferral Election. 

5.      Tax Withholding. Recipient acknowledges that the amount of the Dollar Target Award Payment
payable to Recipient (other than any amount deferred pursuant to a Deferral Election) will be treated as ordinary compensation income for federal and state income and FICA tax purposes, and that the Company will be required to withhold taxes on this
income amount. 
 6.      Promotions. If at any time during the Performance Period
Recipient’s base pay is increased or Recipient is assigned a different title, job or set of responsibilities resulting in an increase in Recipient’s level of responsibility for the Company (any such increase in base pay or assignment
resulting in an increase in Recipient’s level of responsibility for the Company, a “Promotion”), the Company may, but shall not be required to, grant to Recipient an additional award (the “Mid-Plan Grant”) on terms similar
to those provided in this Agreement. Any such Mid-Plan Grant shall constitute a grant separate from and independent of the grant represented by this Agreement, and any such Mid-Plan Grant shall not be granted under the Plan and shall not qualify as
performance-based compensation under Section 162(m) of the Code. The terms and conditions of any Mid-Plan Grant shall be set forth in a separate, Mid-Plan Grant agreement between the Company and Recipient in the form determined by the Company
in its sole discretion (a “Mid-Plan Grant Agreement”). Recipient acknowledges and agrees that no Mid-Plan Grant shall be payable to Recipient unless Recipient executes and delivers a Mid-Plan Grant Agreement in connection therewith.
Recipient acknowledges and agrees that any Mid-Plan Grant granted to Recipient in connection with any Promotion during the Performance Period will be intended to constitute the “proration” of Recipient’s Dollar Target Award with
respect to such Promotion described in Plan-related documents prepared by the Company and delivered to Recipient; and that, in connection with any Promotion, in the event of any inconsistency between the “proration” provisions of any such
Plan-related documents and the provisions of this Section 6 and the Mid-Plan Grant Agreement, the provisions of this Section 6 and the Mid-Plan Grant Agreement shall control. 

7.      Clawback Policy. The Recipient acknowledges and agrees that any amount paid to the Recipient
under this Agreement shall be subject to possible repayment to the Company under the NIKE, Inc. Policy for Recoupment of Incentive Compensation as approved by the Board of Directors and the Committee and in effect on the date the Committee
authorized the award under this Agreement. 
 8.      No Right to Employment. Nothing
contained in this Agreement shall confer upon Recipient any right to be employed by the Company or any of its subsidiaries or to continue to provide services to the Company or any of its subsidiaries or to interfere in any way with the right of the
Company or any of its subsidiaries to terminate Recipient’s services at any time for any reason, with or without cause. 
  

 5 

 9.      Miscellaneous. 

9.1      Entire Agreement; Amendment. This Agreement constitutes the entire agreement of the parties
with regard to the subjects hereof and may be amended only by written agreement between the Company and Recipient. 

9.2      Notices. Any notice required or permitted under this Agreement shall be in writing and shall
be deemed sufficient when delivered personally to the party to whom it is addressed or when deposited into the United States Mail as registered or certified mail, return receipt requested, postage prepaid, addressed to the Company, Attention:
Secretary, at its principal executive offices or to Recipient at the address of Recipient in the Company’s records, or at such other address as such party may designate by ten (10) days’ advance written notice to the other party.

 9.3      No Assignment; Rights and Benefits. Recipient shall not sell, assign, pledge or
otherwise transfer this Agreement or any rights hereunder, whether voluntarily or by operation of law, or by gift, bequest or otherwise. Any purported sale, assignment, pledge or transfer by Recipient shall be null and void. The rights and benefits
of this Agreement shall inure to the benefit of and be enforceable by the Company’s successors and assigns and, subject to the foregoing restriction on assignment, be binding upon Recipient’s heirs, executors, administrators, successors
and assigns. 
 9.4      Further Action. The parties agree to execute such further
instruments and to take such further action as may reasonably be necessary to carry out the intent of this Agreement. 

9.5      Applicable Law; Attorneys’ Fees. The terms and conditions of this Agreement shall be
governed by the laws of the State of Oregon. For purposes of litigating any dispute that arises under this Agreement, the parties hereby submit to and consent to the jurisdiction of, and agree that such litigation shall be conducted in, the courts
of Washington County, Oregon or the United States District Court for the District of Oregon, where this Agreement is made and/or to be performed. In the event either party institutes litigation hereunder, the prevailing party shall be entitled to
reasonable attorneys’ fees to be set by the trial court and, upon any appeal, the appellate court. 

9.6      Headings. The headings in this Agreement are for convenience only and will not control or
affect the meaning or construction of the provisions of this Agreement. 
  

			
	NIKE, INC.
		
	By 	 	 
		
	Title 	 	 

  

 6 

 NIKE, INC. 

APPENDIX TO THE 

FY ____ LONG-TERM INCENTIVE AWARD AGREEMENT 

FOR NON-U.S. RECIPIENTS 

This Appendix includes additional terms and conditions that govern the awards for Recipients residing outside of the U.S. on the date the
Committee authorized the award under this Agreement. Moreover, if the Recipient relocates outside of the U.S. during the Performance Period or prior to the payment of the Dollar Target Award Payment, the additional terms and conditions in this
Appendix will apply to the Recipient 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. Capitalized terms
not explicitly defined in this Appendix but defined in this Agreement shall have the same definitions as in this Agreement. 
 Tax
Withholding 
 The following provision replaces Section 5 of this Agreement in its entirety: 

Regardless of any action the Company or Recipient’s employer (the “Employer”) takes with respect to any or all income tax,
social insurance, payroll tax, payment on account or other tax-related withholding related to the award and legally applicable to Recipient (“Tax-Related Items”), Recipient acknowledges that the ultimate liability for all Tax-Related Items
legally due by him or her is and remains Recipient’s responsibility and may exceed the amount actually withheld by the Company or the Employer. Recipient further acknowledges 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 award including the grant, vesting or payout of the award; and (2) do not commit to structure the terms of the award or any aspect of the
award to reduce or eliminate Recipient’s liability for Tax-Related Items or achieve any particular tax result. 
 Prior to
any relevant taxable or tax withholding event, as applicable, Recipient will pay or make adequate arrangements satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items. In this regard, Recipient authorizes the Company and/or
the Employer to withhold all applicable Tax-Related Items legally payable by Recipient from his or her wages or other cash compensation paid to Recipient by the Company and/or the Employer or from the Dollar Target Award Payment. Finally, Recipient
shall pay 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 award that cannot be satisfied by the means previously described. The Company may
refuse to pay the Dollar Target Award Payment to Recipient if Recipient fails to comply with his or her obligations in connection with Tax-Related Items. 

Nature of Grant 

By accepting the grant of the award evidenced by this Agreement, Recipient acknowledges, understands and agrees that: 

 

 APP-1 

	 	(a)	the award is granted voluntarily by the Company, is discretionary in nature and may be modified, suspended or terminated by the Company at any time, as provided in this
Agreement; 

  

	 	(b)	the award is voluntary and occasional and does not create any contractual or other right to receive future awards of cash, or benefits in lieu of cash awards even if
cash awards have been awarded repeatedly in the past; 

  

	 	(c)	all decisions with respect to future awards, if any, will be at the sole discretion of the Company; 

 

	 	(d)	Recipient is voluntarily accepting the grant of the award; 

  

	 	(e)	the award is an extraordinary item that does not constitute compensation of any kind for services of any kind rendered to the Company or the Employer, and which is
outside the scope of Recipient’s employment contract, if any; 

  

	 	(f)	the award is 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 benefits 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 or any subsidiary of the Company; 

  

	 	(g)	the award will not be interpreted to form an employment contract with the Company or any subsidiary of the Company; 

 

	 	(h)	no claim or entitlement to compensation or damages shall arise from forfeiture of the award, termination of Recipient’s employment by the Company or the Employer
(for any reason whatsoever and regardless of whether in breach of local labor laws) or recoupment of all or any portion of the award resulting from the Clawback Policy described in Section 7 of this Agreement, and in consideration of the award,
to which Recipient is not otherwise entitled, Recipient irrevocably agrees never to institute any claim against the Company or the Employer, waives his or her ability, if any, to bring any such claim, and releases the Company and the Employer from
any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by accepting the award, Recipient shall be deemed irrevocably to have agreed not to pursue such claim, and Recipient agrees to
execute any and all documents necessary to request dismissal or withdrawal of such claim; 

  

	 	(i)	notwithstanding any terms or conditions of this Agreement to the contrary, for purposes of Section 3 of this Agreement, Recipient’s employment will be
considered terminated as of the date that Recipient is no longer actively employed 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 Company shall have the exclusive discretion to determine when Recipient is no longer actively employed for purposes of this Agreement; 

 

 APP-2 

	 	(j)	it is Recipient’s sole responsibility to investigate and comply with any exchange control laws applicable to Recipient in connection with the Dollar Target Award
Payment; and 

  

	 	(k)	the Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding the award. Recipient is hereby advised to
consult with his or her own personal tax, legal and financial advisors regarding the award before taking any action in relation thereto. 

Data Privacy 

Recipient hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of
Recipient’s personal data as described in this Appendix by and among, as applicable, the Employer, the Company and its subsidiaries for the exclusive purpose of implementing, administering and managing the award. 

Recipient understands that the Company and the Employer hold certain personal information about Recipient, including, but not
limited to, Recipient’s name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in the Company, details of any
entitlement to shares of stock awarded, canceled, vested, unvested or outstanding in Recipient’s favor, for the purpose of implementing, administering and managing the award (“Data”). Recipient understands that Data may be transferred
to any third parties assisting in the implementation, administration and management of the award, that these recipients may be located in Recipient’s country or elsewhere, and that the transferee’s country may have different data privacy
laws and protections from Recipient’s country. Recipient understands that Recipient may request a list with the names and addresses of any potential recipients of the Data by contacting Recipient’s local human resources representative.
Recipient authorizes the transferees to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing the award. Recipient understands that Data will be held only as
long as is necessary to implement, administer and manage the award. Recipient understands that he or she 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 Recipient’s local human resources representative. Recipient understands, however, that refusing or withdrawing his or her consent may affect
Recipient’s ability to benefit from the award. For more information on the consequences of Recipient’s refusal to consent or withdrawal of consent, Recipient understands that he or she may contact his or her local human resources
representative. 
  

 APP-3 

 Language 

If Recipient has received this Agreement or any other document related to the award translated into a language other than English and if
the meaning of the translated version is different from the English version, the English version will control. 
  

 APP-4

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