Document:

Deferred Compensation Plan

 EXHIBIT 10.6 
 NIKE, INC. 
 DEFERRED COMPENSATION PLAN 
 (Amended and Restated Effective January 1, 2008) 

 NIKE, INC. DEFERRED COMPENSATION PLAN 
 January 1, 2008 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	  	Director’s 1999 Transition Election	  	11
	3.3	  	Company or Participating Employer Contributions	  	11
	3.4	  	Deferral of Long Term Incentive Payments	  	12
	3.5	  	Investment Elections	  	14
	ARTICLE IV ACCOUNTS	  	15
	4.1	  	Participant Accounts	  	15
	ARTICLE V VESTING	  	16
	5.1	  	Compensation Deferrals	  	16
	5.2	  	Company or Participating Employer Contributions	  	16
	5.3	  	Director’s 1999 Transition Retirement Plan Investments	  	16
	ARTICLE VI DISTRIBUTIONS	  	16
	6.1	  	Termination of Service Due to Retirement or Death	  	16
	6.2	  	Termination of Service For Reasons Other Than Retirement or Death	  	18
	6.3	  	Scheduled Withdrawals	  	18
	6.4	  	Unscheduled Withdrawals Due to Financial Emergency	  	19
	6.5	  	Change of Control	  	20
	6.6	  	Section 162(m) Limitation	  	20
	6.7	  	Inability To Locate Participant	  	21
	ARTICLE VII ADMINISTRATION	  	21
	7.1	  	Retirement Committee	  	21
	7.2	  	Retirement Committee Action	  	22
	7.3	  	Powers and Duties of the Retirement Committee	  	22
	7.4	  	Trustee Duties	  	23
	7.5	  	Company Duties	  	23
	ARTICLE VIII CLAIMS PROCEDURE	  	24
	8.1	  	Submission of Claim	  	24
	8.2	  	Denial of Claim	  	24
	8.3	  	Review of Denied Claim	  	24
	8.4	  	Decision upon Review of Denied Claim	  	24
	ARTICLE IX MISCELLANEOUS	  	25
	9.1	  	Unsecured General Creditor	  	25
	9.2	  	Restriction Against Assignment	  	25

					
	9.3	  	Withholding	  	25
	9.4	  	Amendment, Modification, Suspension or Termination	  	25
	9.5	  	Governing Law	  	26
	9.6	  	Entire Agreement	  	26
	9.7	  	Receipt or Release	  	26
	9.8	  	Payments on Behalf of Persons Under Incapacity	  	26
	9.9	  	No Employment Rights	  	26
	9.10	  	Headings, etc. Not Part of Agreement	  	26
	9.11	  	Tax Liabilities from Plan	  	27
	APPENDIX I	  	28

 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, the 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. Therefore, the Company is again amending and restating the Plan to substantially implement the final regulations,
effective for amounts deferred on and after January 1, 2008. The 2008 Restatement supersedes the 2005 interim restatement and applies to amounts deferred after January 1, 2008. Transition rules for amounts deferred after
December 31, 2004 and before January 1, 2008 are set forth in Appendix I of the 2008 Restatement. 
 No amendment to the June 1, 2004 Plan
restatement 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. 

 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”). The Company intends 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 in accordance with the procedures set forth herein. 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. 
  

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 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 Plan 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) “Account” means for each
Participant the bookkeeping account maintained by the Retirement Committee 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 earnings pursuant to Section 4.1(e). 
 (b) “Actuarial Equivalent” means the actuarial present value determined by the actuary appointed by the Company, in accordance with
generally accepted actuarial principles, with a discount for mortality using the 1983 Group Annuity Mortality Table and a discount for interest at the 30-year Treasury rate for July 1999 (5.98%). 
 (c) “Annual Election Period” means the period designated each year during which Participants submit their elections to defer
Compensation. Unless modified by the Retirement Committee, the Annual Election Period shall end not later than November 30 of the year immediately preceding the beginning of the Plan Year for which the deferral elections made during the Annual
Election Period shall be in effect. 
 (d) “Beneficiary” or “Beneficiaries” means the beneficiary last designated
in writing by a Participant, in accordance with procedures established by the Retirement Committee, 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 Retirement Committee during the Participant’s lifetime. 
  

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 (e) “Board of Directors” or “Board” means the Board of Directors of the
Company. 
 (f) “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 which qualifies as Performance Based Compensation. 
 (g)
“Change of Control” means any of the following with respect to the Company for all Participants, and also with respect to a Participating Employer, but only to the extent that the Participating Employer employs a Participant or is
responsible for paying Plan benefits to a Participant: 
 (1) The date on which any person or group of persons, within the meaning of the
final regulations under Code Section 409A, acquires ownership 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; 
 (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; 
  

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 (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). 
 (h)
“Code” means the Internal Revenue Code of 1986, as amended. 
 (i) “Company” means NIKE, Inc. and any
successor corporation to NIKE, Inc. 
 (j) “Company Stock” means NIKE, Inc. Class B common stock. 
 (k) “Compensation” means the Salary, Bonus, and Fees that the Participant earns for services rendered to the Company or a Participating
Employer. 
 (l) “Consultant” means any person, including an advisor but excluding Directors, 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. 
 (m) “Director” means a non-Employee member of the Board. 
 (n) “Director’s 1999
Transition Retirement Benefit” means the Actuarial Equivalent of the Director’s Retirement Annuity as determined on September 1, 1999, divided by the fair market value of Company stock on September 1, 1999, and stated in
units representing shares of Company Stock. 
 (o) “Director’s Retirement Annuity” means the projected annual retirement
benefit payable to a Retired Director in the amount of eighteen thousand dollars ($18,000), reduced proportionately for each year of service completed as a Director less than ten (but with no benefit if five or fewer years of service). 

(p) “Distributable Amount” means the amount credited to a Participant’s Account. 
 (q) “Distribution Event” means, with respect to each Participant, the Participant’s Termination of Service for any reason, including
Retirement or death, or the date of a Scheduled or Unscheduled Withdrawal. A Participant’s Distribution Event election shall be made at such time, on such written or electronic form and subject to such terms and conditions as the Retirement
Committee may specify. 
 (r) “Election Period” means the period designated under this Plan when Participants submit their
elections to defer Compensation and/or Long Term Incentive Payments. The term Election Period includes the Initial Election Period and any Annual Election Period. 
  

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 (s) “Eligible Employee” means any Employee who is designated in writing as eligible to
participate in the Plan by the Retirement Committee from among a select group of management or highly-compensated Employees of the Company or a Participating Employer. Effective January 1, 2008, an Employee must have a Salary of at least
$150,000 to be an Eligible Employee. 
 (t) “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. 
 (u) “Fees” means (i) in the case of non-Employee members of the Board, 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 (ii) in the case of any other non-Employee service provider, the cash fees paid to such individual for
services rendered to the Company. 
 (v) “Fund” or “Funds” means one or more of the investment funds selected by
the Retirement Committee pursuant to Section 3.5. 
 (w) “Initial Election Period” means the 30-day period following an
individual’s designation as an Eligible Employee, Director or Consultant. 
 (x) “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. 
 (y) “Long Term Incentive Payment” means: 
 (1) an amount payable to a Participant under the Long Term Incentive Plan; 
 (2) for payments
made on or after August 1, 2004, an amount payable to a Participant 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; and 
 (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. 
 (z) “Long Term Incentive
Plan” means the Long Term Incentive Plan of NIKE, Inc., as amended from time to time. 
  

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 (aa) “Participant” means any Consultant, Director or Eligible Employee who elects to
defer Compensation in accordance with Section 3.1. 
 (bb) “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 has designated as a Participating Employer in this Plan. 
 (cc) “Payment Commencement Date” means: 
 (1) in the case of distributions which are paid in the form of a single cash lump sum under Sections 6.1 or 6.2, within 90 days after last day of the calendar quarter containing the Participant’s Termination of
Service, provided that the Participant may not designate the date within this 90-day period when payment shall be made; 
 (2)
with respect to the first payment in a series of quarterly installments under Section 6.1(b), within 90 days after last day of the calendar quarter containing the Participant’s Termination of Service, provided that the Participant may not
designate the date within this 90-day period when payment shall be made; 
 (3) in the case of distributions on account of
Plan termination, distributions otherwise payable under (1) or (2) may be subject to earlier distribution at the discretion of the Committee, to the extent that earlier distribution would not result in additional tax under
Section 409A of the Code. 
 If the Participant holds the position of Vice President of the Company, or a higher
position, and the distribution is made on account of the Participant’s Termination of Service (for a reason other than death), the Payment Commencement Date may not be earlier than six months after the date of the Participant’s Termination
of Service. 
 (dd) “Performance Based Compensation” means payments to an individual that are contingent on the satisfaction
of pre-established organizational or individual performance criteria measured during a performance period of at least 12 consecutive months. Organizational or individual performance criteria are considered to be “pre-established” if
established in writing no later than 90 days after the start of the performance period, provided that attainment of the performance criteria is substantially uncertain at the time the criteria are established. In order to defer Performance Based
Compensation, a Participant must perform services continuously during the period that begins on the later of: (i) the first day of the performance measuring period, or (ii) the date that the performance criteria are established, and that
ends not sooner than the date that the deferral election is made. Performance Based Compensation does not include any amount that an individual is entitled to receive regardless of whether performance goals are attained. 
 (ee) “Plan” means the NIKE, Inc. Deferred Compensation Plan set forth herein, now in effect, or as amended from time to time. 

 

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 (ff) “Plan Year” means the calendar year. 
 (gg) “Predecessor Plans” means the NIKE, Inc. Supplemental Executive Savings Plan and the NIKE, Inc. Supplemental Executive Profit
Sharing Plan. 
 (hh) “Profit Sharing Plan” means the 401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc.

 (ii) “Retirement” means the Participant’s Termination of 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. 
 (jj) “Retired Director” or
“Director’s Retirement” means the cessation of a Director’s services on the Board at or after age 65 with ten (10) years of service, but no later than age 72 if the Director commenced service as a Director after the
Company’s 1993 fiscal year. 
 (kk) “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 Profit Sharing Plan. 
 (ll) “Salary” means the Employee’s base salary for 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. 
 (mm) “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. 
 (nn) “Termination of Service” means that the anticipated level of services provided by a Participant to the Company and all Participating
Employers is permanently reduced to less than 45 percent of the average level of bona fide services provided by the Participant to the Company and all Participating Employers during the immediately preceding period of 36 consecutive months.

 (oo) “Valuation Date” means each date on which Accounts are valued. The Retirement Committee shall establish the Valuation
Dates under the Plan. 
  

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 For purposes of determining the value of each Participant’s Account balance, the Valuation Date
means each day that the New York Stock Exchange is open for trading. 
 For purposes of Unscheduled Withdrawals (Unforeseeable Emergencies),
the Valuation Date means the date the Retirement Committee approves a request for an Unscheduled Withdrawal. 
 For purposes of calculating
lump sum payments under Section 6.1 or 6.2, the Valuation Date means the last day of the calendar quarter preceding the Payment Commencement Date. 
 For purposes of calculating the dollar amount of quarterly installment payments, the Valuation Date means the last day of the calendar quarter immediately preceding the quarterly payment date. 
 The final installment payment will be equal to the Participant’s remaining Account balance. 
 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 may be delayed for an administratively reasonable period of time to allow for processing and reporting of payments and withholding of
applicable taxes. 
  

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 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. 
 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 Retirement Committee that conforms to the requirements of this
Section 3.1, on a form provided by the Retirement Committee, 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 effective as to Salary and Fees
earned beginning with the first pay period beginning after the Initial Election Period. Employees who first became Eligible Employees during a Plan Year may make an election to defer Compensation payable in subsequent Plan Years by making deferral
elections in accordance with subsection 3.1(c). 
 (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. However, if a
Participant receives an unscheduled in-service withdrawal (with 10 percent forfeiture) under the 2004 Restatement of the Plan, the Participant’s deferral election shall continue only through the last day of the Plan Year in which the
unscheduled in-service withdrawal is received, and the Participant shall be prohibited from making deferrals to this Plan for next two Plan Years following receipt of the unscheduled in-service withdrawal. 
 (c) Deferral Elections After Initial Election Period. 
 (1) Annual Election Period. Subject to the minimum deferral requirement of subsection (d) of this Section, the percentage of Salary, Bonus, and Fees designated by the Participant for deferral may be
modified by filing a new election with the Retirement Committee during an Annual Election Period. Except as provided for Bonus deferrals, a deferral election made during the Annual Election Period shall apply only to Compensation payable for
services performed beginning in the Plan Year following the Annual Election Period. 
  

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 (2) Irrevocable During Plan Year. Once a Compensation deferral election has taken effect, the
Participant’s Compensation deferral election shall be irrevocable for the remainder of the Plan Year. However, if a Participant receives a hardship distribution under the Profit Sharing Plan (or Participating Employer’s qualified plan) or
a distribution under this Plan due to unforeseeable financial emergency, the Participant’s deferral election will be canceled for the remainder of the Plan Year in which the distribution is made (or, if longer, for a period of six months after
the hardship distribution is made). The Participant must re-establish eligibility in order to defer Compensation in subsequent Plan Years. 
 (3) Deferral of Bonus. A Participant may defer Bonus during an Annual Election Period, subject to a timing requirement and a services requirement, as follows: 
 (A) Timing of Election. An election to defer Bonus must be made and become irrevocable (i) no later than six months before the last day of
the period over which a Participant’s performance is measured and (ii) before the Bonus compensation has become both substantially certain to be paid and readily ascertainable. 
 (B) Services Requirement. The Participant must perform services continuously during the period that begins on the later of 
 (i) the first day of the performance measuring period, or 
 (ii) the date that the performance criteria are established, 
 and that ends not sooner than the date that the deferral election is made. 
 (4) Suspension of Participation. If a Participant receives an unscheduled in-service withdrawal (with 10 percent forfeiture) under the 2004 Restatement of the Plan, the Participant shall be prohibited from
making deferrals to this Plan for next two Plan Years following receipt of the unscheduled in-service withdrawal. 
 (d) Amount of
Deferral. 
 (1) Maximum Deferral. The maximum amount of Compensation that an Eligible Employee, Director or Consultant may elect
to defer is as follows: 
 (A) Any whole percentage of Salary up to 100%; 
 (B) Any whole percentage of Bonus up to 100%; 
 (C) Any whole percentage of Fees 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 amount necessary to pay applicable employment taxes (e.g., FICA and Medicare contributions) payable with respect to amounts deferred hereunder, 

  

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amounts necessary to satisfy any other benefit plan withholding obligations, any resulting income taxes payable with respect to Compensation that cannot be
deferred, and any amounts necessary to satisfy any wage garnishment or similar obligations. 
 (2) Minimum Deferrals. For each full
Plan Year during which an Eligible Employee is a Participant, the minimum dollar amount that may be deferred under this Section 3.1 is $5,000. The minimum deferral is $1,000 in the case of Directors and Consultants. 
 (e) Termination of Deferral Election. If a Participant ceases to be an Eligible Employee, Director or Consultant, the deferral election shall
continue with respect to Compensation earned through the last day of the Plan Year in which the Participant ceases to be an Eligible Employee, Director, or Consultant and then shall terminate. The Participant must re-establish eligibility in order
to defer Compensation in subsequent Plan Years. 
 3.2 Director’s 1999 Transition Election. Any Director as of September 1, 1999, shall have
made an election on or before September 24, 1999, to either remain eligible for the Director’s Retirement Annuity or to convert such annuity to the Director’s 1999 Transition Retirement Benefit, in either case such benefit not payable
until the Director’s Retirement. In the event an electing Director converted the Director’s Retirement Annuity, such election shall be irrevocable and paid as provided herein. 
 3.3 Company or Participating Employer Contributions 
 (a) Eligibility. An Eligible Employee who
qualifies for a contribution for a Plan Year under the Profit Sharing Plan (or a Participating Employer’s qualified retirement plan, if applicable) shall be eligible for a Company or Participating Employer contribution under this Plan for such
Plan Year if he or she either (1) makes a Deferral Election under 3.1 for the Plan Year, or (2) receives compensation under the Profit Sharing Plan (or Participating Employer’s qualified retirement plan, if applicable) exceeding the
Code § 401(a)(17) limit of $200,000 (as indexed; $230,000 for 2008) for its Plan Year, or both. 
 (b) Contribution. An
Eligible Employee who is eligible under subsection 3.3(a) shall be credited with a “Restoration Amount” for each Plan Year. “Restoration Amount” means the amount by which the Eligible Employee’s allocated share of the
“Profit Sharing Contribution” (as defined in the Profit Sharing Plan or the Participating Employer’s qualified retirement plan) for the corresponding plan year under the Profit Sharing Plan or Participating Employer’s qualified
retirement plan would be higher if calculated on the basis of Compensation as defined in this Plan (1) determined before any reduction for deferral of Compensation under this Plan; and (2) without regard to the Code § 401(a)(17)
limit. 
  

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 (c) Time and Form of Payment. If the Restoration Amount becomes payable due to the
Participant’s Retirement or death, the Restoration Amount (adjusted for investment returns) shall be paid in quarterly installments over a period of five years beginning on the Payment Commencement Date. The Participant may elect an optional
form of payment (listed in Section 6.1(b)(2)) of the Restoration Amount under the procedures set forth Section 6.1(b)(4). If the Restoration Amount becomes payable under Section 6.2 due to the Participant’s Termination of Service
for a reason other than Retirement or death, the Restoration Amount (adjusted for investment returns) shall be paid in a single lump sum beginning on the Payment Commencement Date. 
 (d) Discretionary Contributions. In addition to contributions in accordance with Section 3.3(b), the Company or Participating Employer may, in
its sole discretion, make discretionary contributions to the Accounts of one or more Participants at such times and in such amounts as the Board, the Participating Employer or the Retirement Committee may determine. At the time that the Company or
Participating Employer specifies the amount of the Discretionary Contribution, the Company or Participating Employer must also specify (1) the time and form of payment of the Discretionary Contribution; and (2) the vesting schedule, if
any, applicable to the Discretionary Contribution. A Participant may change the time and form of payment of the Discretionary Contribution only if his or her change is filed with the Retirement Committee at least twelve months prior to his or her
Payment Commencement Date and the first payment made under the newly elected form of payment cannot be made sooner than five years after the Payment Commencement Date for the form of payment that the Participant has elected to change. For purposes
of this subsection, the Payment Commencement Date for a series of installment payments is treated as the date on which the first of such installment payments would be made under the terms of this Plan. 
 (e) Director’s Retirement Contribution. In addition to any contributions made in accordance with Sections 3.3(a)-(d), the Company shall credit
to the Accounts of any electing Director the number of shares of Company Stock equivalent to the electing Director’s 1999 Transition Retirement Benefit. The Company may contribute such shares corresponding to the total of all the electing
Director’s benefits, at such time and in such amount as the Board or the Committee may determine, provided that any shares so contributed shall remain in the name of the Company (or any trust established by the Company for this purpose), and
shall be its sole property in which no electing Director shall have any separable interest. 
 3.4 Deferral of Long Term Incentive Payments

 (a) Deferral Permitted. A Participant who is eligible for a potential Long Term Incentive Payment may elect to defer receipt of the
Long Term Incentive Payment under the provisions of this Section 3.4. The deferral election shall be expressed as a percentage of the potential Long Term Incentive Payment, in a whole percentage between zero and 100. 
  

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 (b) Timing of Deferral. 
 (1) General Rule. 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 ends on the last day of the Company’s or Participating Employer’s specified fiscal year. To be eligible to defer
a Long Term Incentive Payment, a Participant must make the deferral election no later than the last day of the calendar year immediately preceding the calendar year in which the specified performance period begins. 
 (2) Long Term Incentive Award Agreement (Mid-Plan Grant). A Long Term Incentive Award Agreement (“Mid-Plan Grant”) may be used to provide
incentive compensation similar to an award under the Long Term Incentive Plan when an Employee is not eligible for the Long Term Incentive Plan as of the eligibility cut-off date for a particular performance measuring period. An Eligible Employee
may not elect to defer payments anticipated to be made pursuant to the Mid-Plan Grant. 
 (3) Interim Payouts. If the Company or a
Participating Employer provides for potential interim payouts of Long Term Incentive Payments at the end of the first fiscal year of a multi-year award period, then a Participant’s deferral election with respect to Long Term Incentive Payments
under paragraph (1) shall apply to the interim payout. A Participant may not make a separate deferral election with respect to interim payouts. 
 (c) Form of Deferral. In order to defer Long Term Incentive Payments into this Plan, the Participant must irrevocably agree to receive the Long Term Incentive Payment in the form of cash and not as Company stock. 
 (d) Duration of Deferral Election. A deferral election with respect to Long Term Incentive Payments shall remain in effect from year to year until
modified or terminated as provided herein. The percentage of Long Term Incentive Payments designated by the Participant for deferral for future years may be modified by filing a new election, in accordance with the terms of this Section 3.4.

 (e) Irrevocable Election. Once the deadline established by the Retirement Committee for making or modifying a deferral election has
passed, a Participant’s election to defer receipt of a Long Term Incentive Payment under this Plan is irrevocable with respect to the Long Term Incentive Payment to which the deferral election relates. 
 (f) Administration. Long Term Incentive Payments deferred under this section shall be accounted for as part of the Participant’s Account and
subject to the investment, distribution, and other provisions applicable to such Accounts. 
  

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 3.5 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 to be
credited to Participants’ Accounts under Section 4.1(e). 
 (b) Deemed Investment Elections. In making the designation
pursuant to this Section 3.5, 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 Committee. Subject to such limitations and conditions as
the Retirement Committee may specify, a Participant may change the designation made under this Section 3.5 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 3.5, or if the Retirement Committee shall not provide Participants with a list of Funds pursuant to this Section 3.5, 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. 
 (d) Director’s Plan Investments. A 1999 Director’s Transition Retirement Plan Subaccount shall be maintained on behalf of each Director
participating in the Plan. The entirety of an electing Director’s 1999 Transition Retirement Benefit shall be maintained in the 1999 Transition Retirement Plan Subaccount, reflecting the number of shares of Company Stock in which the electing
Director is vested and entitled to under the Plan as his or her 1999 Transition Retirement Benefit. The number of units reflected in an electing Director’s 1999 Transition Retirement Benefit Subaccount shall be appropriately adjusted
periodically to reflect any dividend, split, split-up or any combination or exchange, however, accomplished, with respect to the shares of Company Stock represented by such units. 
  

 14 

 ARTICLE IV 
 ACCOUNTS 
 4.1 Participant Accounts 
 The Retirement Committee shall establish and maintain an Account for each Participant under the Plan. Each Participant’s Account may be further divided into separate subaccounts (“investment fund
subaccounts”), corresponding to investment Funds selected by the Participant pursuant to Section 3.5 or as otherwise determined by the Retirement Committee 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 Retirement Committee shall credit the investment fund subaccounts of the Participant’s Account with an amount equal to Salary, or Fees deferred by the Participant during each 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 Deferrals. As soon as practicable after each Bonus or deferred portion of Bonus would have been paid
to the Participant, the Retirement Committee shall credit the investment fund subaccounts of the Participant’s Account with an amount equal to the portion of the Bonus deferred by the Participant’s election; that is, the portion of the
Participant’s deferred Bonus 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 last day of the Plan Year or such earlier time or times as the
Retirement Committee may determine, the Retirement Committee shall credit the investment fund subaccounts of the Participant’s 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 3.3; 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) Long Term
Incentive Payments. As soon as practicable after Long Term Incentive Payments are declared and payable, the Committee shall credit the investment fund subaccounts of the Participant’s Account with an amount equal to the portion of the Long
Term Incentive Payment deferred by the Participant’s election under Section 3.4. 
  

 15 

 (e) 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 and Long Term Incentive Payments deferred by a Participant pursuant to the terms of this Plan, together with any amounts credited to the Participant’s Account under Section 4.1(e) 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 3.3, together with any amounts credited to the Participant’s Account under
Section 4.1(e) 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 Profit Sharing Plan or in the Participating Employer’s qualified
retirement plan for the corresponding plan year. 
 5.3 Director’s 1999 Transition Retirement Plan Investments. An electing Director’s 1999
Transition Retirement Benefit, together with any earnings thereon, shall be 100 percent vested at all times. 
 ARTICLE VI 

DISTRIBUTIONS 
 6.1 Termination of Service Due to
Retirement or Death 
 (a) Distribution Event. If a Participant has a Termination of Service as a result of Retirement or death,
and provided that such Participant does not return to Service prior to the Payment Commencement Date, the Participant’s Distributable Amount shall be paid in the form specified in 6.1(b), except as provided in Section 3.3(c) regarding
Restoration Amounts or Section 3.3(d) regarding Discretionary Contributions. 
 (b) Form of Payment. 
 (1) Default Form of Payment. Payment of the Distributable Amount will be made to the Participant (and after his or her death to his or her
Beneficiary) in quarterly installments over 15 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 

  

 16 

 
period ending March 31, June 30, September 30, and December 31 of each year. If the Participant’s Distributable Amount is
paid in installments, the Participant’s Account value shall continue to be adjusted for investment returns pursuant to Section 4.1(e) of the Plan through the date of distribution. The Participant may change the default form of payment only
in accordance with Section 6.1(b)(2) and (b)(4). 
 (2) Optional Forms of Payment. In lieu of quarterly installments over 15
years, a Participant may elect a single cash lump sum payment or quarterly installments over five or 10 years. The election must be made during an Election Period under the Plan and will apply to the entire amount of Compensation and Long Term
Incentive Payments subject to deferral for that Election Period. A separate optional form of payment 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 form of payment specified in the most recent preceding Election Period shall apply to all subsequent amounts deferred under the Plan, until a different election is made at a subsequent Election
Period. Once an optional form of payment has been elected with respect to amounts deferred for a Plan Year, the Participant can change the optional form of payment only in accordance with 6.1(b)(4). 
 (3) Amount of Quarterly Installments. The amount of each quarterly installment shall be determined by dividing the vested Account balance by the
remaining number of quarterly installment payments. For example, if the form of payment is quarterly installments over 15 years, the first payment is determined by dividing the vested Account balance as of the Valuation Date by 60, the second
payment is determined by dividing the vested Account balance as of the next Valuation Date by 59, and so on until all installments have been paid. 
 (4) Change in Time or Form. A Participant may change the form of distribution of Company or Participating Employer contributions under Section 3.3 or the time or form of distribution under this subsection 6.1(b), provided that:

 (A) his or her change is filed with the Retirement Committee at least twelve months prior to his or her Payment Commencement Date; and

 (B) the first payment made under the newly elected time or form of payment cannot be made sooner than five years after the Payment
Commencement Date for the time or form of payment that the Participant has elected to change. For purposes of this subsection, the Payment Commencement Date is the first day of the period for which a payment would be made under the terms of this
Plan, and the entitlement to a series of installment payments is treated as entitlement to a single payment 
 (5) Small Benefit
Amounts. Notwithstanding the foregoing distribution provisions of 6.1, if the Participant’s Distributable Amount is less than or equal to 

  

 17 

 
the dollar limit under Code Section 402(g) for the calendar year in which the Termination of Service occurs ($15,500 for 2008), the Distributable Amount
shall automatically be distributed in the form of a cash lump sum on the Participant’s Payment Commencement Date for a lump sum form of payment. 
 (6) Section 162(m). Amounts payable pursuant to this subsection 6.1(b) shall be subject to the limitation on payout under Section 6.6. 
 (7) 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. 
 (c) Director’s 1999 Transition Retirement Plan Distribution. Notwithstanding the foregoing
distribution provisions with respect to a Participant’s other Accounts, an electing Director’s 1999 Transition Retirement Benefit and Company Stock subaccounts, shall be paid to such Director (or his or her designated beneficiary) in a
single lump sum distribution upon the Director’s Retirement, long-term disability or death. Distributions of such subaccounts shall be made in shares of Company Stock. 
 6.2 Termination of Service For Reasons Other Than Retirement or Death. In the case of a Participant whose Service terminates for any reason other then Retirement or death, the Participant’s distribution
elections shall be disregarded, and the Distributable Amount shall be paid to the Participant in the form of a single cash lump sum on the Participant’s Payment Commencement Date, provided that no such distribution shall occur in the event the
Participant returns to Service prior to the Payment Commencement Date. 
 6.3 Scheduled Withdrawals 
 (a) Timing. At any Election Period, a Participant may, in connection with his or her election to defer Compensation, specify a withdrawal date (a
“Scheduled Withdrawal”) for all of his or her Compensation and Long Term Incentive Payments deferred pursuant to the election made during the Election Period. A Participant’s Scheduled Withdrawal election must specify a calendar month
falling in a calendar year that begins at least three years after the date the election is received by the Company. 
 (b) Procedure.
The election to take a Scheduled Withdrawal shall be made by filing a form provided by and filed with the Retirement Committee. 
 (c)
Amount Distributable. The amount payable to a Participant in connection with a Scheduled Withdrawal shall in all cases be 100 percent of the deferred Compensation and Long Term Incentive Payments that are subject to the Participant’s
Scheduled Withdrawal election for the applicable Election Period, together with any earnings credited to such deferred amounts pursuant to Section 4.1(e), determined as of the Scheduled Withdrawal date, provided that no portion of the Account
attributable to Company or Participating Employer contributions described in Section 3.3, if any, shall be eligible for Scheduled Withdrawal. 
  

 18 

 (d) 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. 
 (e) Form. Subject to Section 6.6, 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. 
 (f) Effect of
Termination of Service. A Participant’s Scheduled Withdrawal election shall become void and of no effect upon the Participant’s Termination of 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. 
 6.4 Unscheduled Withdrawals Due to Financial Emergency

 (a) Standard. Participants may request a withdrawal of amounts attributable to deferrals of Compensation and Long Term Incentive
Payments prior to the time such amounts would otherwise be distributed under this Plan only upon demonstrating to the satisfaction of the Retirement Committee 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 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. 
 (b) Procedure. The election to take an Unscheduled Withdrawal shall be made by filing a form approved by the Retirement Committee. Upon receiving
an Unscheduled Withdrawal request, the Retirement Committee 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) Suspension of Participation. If a Participant receives an
Unscheduled Withdrawal, the Participant shall be ineligible to make deferrals to the Plan for the balance of the Plan Year in which the Unscheduled Withdrawal occurs. 
  

 19 

 (e) 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 assumed investments according to the balances in such investments as of the Valuation Date for Unscheduled Withdrawals. 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, provided that the Participant may not designate when the payment will be made within this
90-day period. 
 6.5 Change of Control 
 (a) Notwithstanding anything in this Article 6 to the contrary, but subject to Sections 6.5(b) and 6.5(c), the Distributable Amount shall be paid to each Participant (or, after his or her death, to his or her Beneficiary) in a single
cash lump sum within 30 days after the date of a Change of Control that applies to that Participant; provided, however, that, with respect to any Change of Control that occurs during the 2008 Plan Year, the Distributable Amount shall be paid in
January 2009 to each Participant to whom such Change of Control applies (or, after his or her death, to his or her Beneficiary). For example, if a Change of Control occurs with respect to a Participating Employer, this Section 6.5(a) shall
apply only to Participants employed by that Participating Employer and not to Participants employed by the Company or Participating Employers for which a Change of Control has not occurred. 
 (b) 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 Distributable Amount 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. 
 (c) 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 Termination of 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 Distributable Amount shall be paid to the Participant (or, after his or her death, to his or her Beneficiary) in January 2009 pursuant to Section 6.5(a). 
 6.6 Section 162(m) Limitation 
 If the Retirement Committee
determines in good faith prior to a Change of Control that there is a reasonable likelihood that all or any portion of any payment of benefits under this Article 6 to a Participant would not be deductible for federal income tax purposes by the
Company or a 

  

 20 

 
Participating Employer because of a limitation on the total amount of the Participant’s deductible compensation from the Company or the Participating
Employer, including any other such compensation already paid to the Participant earlier in the same fiscal year of the Company or Participating Employer, the following shall apply: 
 (a) Deferred Payment. Payment of the non-deductible amount shall be deferred until the first day of the following fiscal year of the Company or
Participating Employer that employs the Participant. 
 (b) Additional Deferral. If the amount deferred under subsection (a) would
exceed the limitation of the total amount of the Participant’s deductible compensation from the Company or Participating Employer for the following fiscal year, the excess shall be deferred to the first day of the succeeding fiscal year in
which the deductibility of compensation paid or payable to the Participant will not be so limited, subject to subsection (c). 
 (c) Limit
on Deferral. In no event shall any payment be deferred under this Section 6.6 more than three years from the date scheduled for payment under this Section 6. 
 (d) Investment Returns. Adjustment for earnings shall continue to be applied under Section 4.1(e) during the period of deferral under this Section 6.6. 
 6.7 Inability To Locate Participant 
 In the event that the Retirement
Committee is unable to locate a Participant or Beneficiary within two years following the Participant’s Distribution Event, 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. 
 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. 
  

 21 

 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 3.5 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; 

  

	 	(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 a plan administrator or any other agent, 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. 

  

 22 

 (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 Termination of 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. 
 7.4
Trustee Duties 
 The Trustee shall manage, invest and reinvest the Trust Fund as provided in the Trust Agreement. The Trustee shall collect the income
on the Trust Fund, 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 Fund at least once each quarter. As soon as practicable after the close of each Plan quarter, the Company 

  

 23 

 
shall make an additional contribution to the Trust Fund to the extent that previous contributions to the Trust Fund 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. 
  

 24 

 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. If
any Participant, Beneficiary or successor in interest is adjudicated bankrupt or purports to anticipate, alienate, sell, transfer, assign, pledge, encumber or charge any distribution or payment from the Plan, voluntarily or involuntarily, the
Retirement Committee, in its discretion, may cancel such distribution or payment (or any part thereof) to or for the benefit of such Participant, Beneficiary or successor in interest in such manner as the Retirement Committee shall direct.

 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. In the event that this Plan is terminated,
the timing of the disposition of the amounts credited to a Participant’s 

  

 25 

 
Account shall occur in accordance with Section 6.1 or 6.2, whichever is applicable, subject to earlier distribution at the discretion of the Retirement
Committee to the extent that earlier distribution would not result in imposition of additional tax 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 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, etc. 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. 
  

 26 

 9.11 Tax Liabilities from Plan 
 If, due to a change in applicable law or regulations or enforcement activity by the Internal Revenue Service, all or any portion of a Participant’s benefit under this Plan generates a state or federal income tax
liability to the Participant prior to receipt, the provision or provisions of the Plan that would generate such taxation shall be considered null and void to the extent, and only to the extent, necessary to avoid the tax liability. If,
notwithstanding the actions taken to avoid the tax liability, 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). The Retirement Committee’s instructions shall provide for a distribution to the Participant of immediately
available funds in an amount equal to that Participant’s federal, state and local tax liability associated with such taxation, which liability shall be measured by using that Participant’s then current highest federal, state and local
marginal tax rate, plus the rates or amounts for the applicable additions to tax, penalties and interest. At the discretion of the Company, this distribution may or may not include an additional amount to “gross up” the tax liability
distribution to include all applicable taxes on the tax liability distribution and the grossed up amount. The tax liability distribution (including gross-up, if any) shall be made within 90 days after the date when the Retirement Committee orders
the distribution. 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 first day of November, 2007. 
  

			
	NIKE, INC.
		
	By:	 	/s/ ROBERT W. WOODRUFF
	Title:	 	VP/Treasurer

  

 27 

 NIKE, INC. DEFERRED COMPENSATION PLAN 
 (2008 RESTATEMENT) 
 APPENDIX I 
 Transition Rules Under Section 409A of the Internal Revenue Code 
 Nike has elected to use the following transition rules to comply with Section 409A of the Internal Revenue Code of 1986, as amended. 
 (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 distribution, provided that his or her change was filed with the Retirement Committee 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, 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 

  

 28 

 
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. 
 Also, during the Annual Election Period in November 2006, a Participant was permitted to change the time
and/or form of distribution 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). This election applied only to amounts that
would not otherwise be payable in 2006 and could not cause an amount to be paid in 2006 that would not otherwise be payable in 2006. 
 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 may make a deferral election for the following Long Term Incentive Payments (as defined in
Section 1.2(z) of the Plan): 
  

			
	 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 rules relied upon are Q&A 22 of IRS Notice 2005-1 and Section 3.02 of IRS Notice 2006-79.

 In addition, at the November 2007 Annual Election Period, a Participant may make a deferral election with respect to Long Term Incentive Payments for the
performance period beginning June 1, 2008 and ending May 31, 2011, under the general timing rule for deferral elections under Treas. Reg. § 1.409A-2(a)(3). 
 (6) November 2007 Deferral Elections for Performance Sharing Plan (“PSP”) payments: 
 During the November
2007 Annual Election Period, a Participant may make a deferral election for bonus attributable to the PSP period beginning June 1, 2007 and ending May 31, 2008. 
 The transition rule relied upon is Section 3.02 of IRS Notice 2006-79. 
 (7) November 2007 Payment Elections for
Restoration Amounts Contributed in 2008: 
 During the November 2007 Annual Election Period, a Participant may designate a time and form of payment of the
Restoration Amount (if any) that will be contributed to his or her Account in August 2008 (attributable to the Profit Sharing Plan plan year ended May 31, 2008), without regard to the deferral timing rules under Code Section 409A.

 The transition rule relied upon is Section 3.02 of IRS Notice 2006-79. 
  

 29Covenant Not to Compete and Non Disclosure Agreement

 Exhibit 10.19 
 Emp I.D. # 18355 
 Start Date.
                     
 Hiring
Manager: Mark Parker 
 COVENANT NOT TO COMPETE 
 AND NON-DISCLOSURE AGREEMENT 
 PARTIES: 
 Trevor Edwards (“EMPLOYEE”) 
 and 

NIKE, Inc., and its parent, divisions, 
 subsidiaries and affiliates. (“NIKE”): 
 RECITALS: 
 A. This Covenant Not to Compete and Non-Disclosure Agreement is executed upon initial employment or upon the EMPLOYEE’s advancement with NIKE and is a condition of appointment as a corporate officer.

 B. Over the course of EMPLOYEE’s employment with NIKE, EMPLOYEE will be or has been exposed to and/or is in a position to develop
confidential information peculiar to NIKE’s business and not generally known to the public as defined below (“Protected Information”). It is anticipated that EMPLOYEE will continue to be exposed to Protected Information of greater
sensitivity as EMPLOYEE advances in the company. 
 C. The nature of NIKE’s business is highly competitive and disclosure of any
Protected Information would result in severe damage to NIKE and be difficult to measure. 
 D. NIKE makes use of its Protected Information
throughout the world. Protected Information of NIKE can be used to NIKE’s detriment anywhere in the world. 
 AGREEMENT: 
 In consideration of the foregoing, and the terms and conditions set forth below, the parties agree as follows: 
 1. Covenant Not to Compete. 
 (a) Competition Restriction. During EMPLOYEE’s employment by NIKE, under the terms of any employment contract or otherwise, and for 1 year thereafter, (the “Restriction Period”),
EMPLOYEE will not directly or indirectly, own, manage, 

  

 COVENANT NOT TO COMPETE AND 
 NON-DISCLOSURE AGREEMENT - Page 1 
 Revised 6/12/00 

 
control, or participate in the ownership, management or control of, or be employed by, consult for, or be connected in any manner with, any business engaged
anywhere in the world in the athletic footwear, athletic apparel or sports equipment and accessories business, or any other business which directly competes with NIKE or any of its parent, subsidiaries or affiliated corporations (a
“Competitor”). By way of illustration only, examples of NIKE competitors include, but are not limited to: Adidas, FILA, Reebok, Puma, Champion, Oakley, DKNY, Converse, Asics, Saucony, New Balance, Ralph Lauren/Polo Sport,
B.U.M, FUBU, The Gap, Tommy Hilfiger, Umbro, Northface, Venator (Foot lockers), Sports Authority, Columbia Sportswear, Wilson, Mizuno, Callaway Golf and Titleist. This provision is subject to NIKE’s option to waive all or any portion of the
Restriction Period as more specifically provided below. 
 (b) Extension of Time. In the event EMPLOYEE breaches
this covenant not to compete, the Restriction Period shall automatically toll from the date of the first breach, and all subsequent breaches, until the resolution of the breach through private settlement, judicial or other action, including all
appeals. The Restriction Period shall continue upon the effective date of any such settlement judicial or other resolution. NIKE shall not be obligated to pay EMPLOYEE the additional compensation described in paragraph 1(d) below during any period
of time in which this Agreement is tolled due to EMPLOYEE’s breach. In the event EMPLOYEE receives such additional compensation after any such breach, EMPLOYEE must immediately reimburse NIKE in the amount of all such compensation upon the
receipt of a written request by NIKE. 
 (c) Waiver of Non-Compete. NIKE has the option, in its sole discretion,
to elect to waive all or a portion of the Restriction Period or to limit the definition of Competitor, by giving EMPLOYEE seven (7) days prior notice of such election. In the event all or a portion of the Restriction Period is waived, NIKE
shall not be obligated to pay EMPLOYEE for any period of time as to which the covenant not to compete has been waived. 
 (d)
Additional Consideration. As additional consideration for the covenant not to compete described above, should NIKE terminate EMPLOYEE’s employment and elect to enforce the non-competition agreement, NIKE shall pay EMPLOYEE a
monthly payment equal to one hundred percent (100%) of EMPLOYEE’s last monthly base salary while the Restriction Period is in effect. If EMPLOYEE voluntarily terminates employment and NIKE elects to enforce the non-competition agreement,
NIKE shall pay EMPLOYEE a monthly severance payment equal to fifty percent (50%) of EMPLOYEE’s last monthly 

  

 COVENANT NOT TO COMPETE AND 
 NON-DISCLOSURE AGREEMENT - Page 2 
 Revised 6/12/00 

 
base salary while the Restriction Period is in effect. The first payment to EMPLOYEE of additional consideration shall follow on the next applicable pay
period after the election to enforce the non-competition agreement, payable in accordance with NIKE’s payroll practices. 
 2.
Subsequent Employer. EMPLOYEE agrees to notify NIKE at the time of separation of employment of the name of EMPLOYEE’s new employer, if known. EMPLOYEE further agrees to disclose to NIKE the name of any subsequent employer during
the Restriction Period, wherever located and regardless of whether such employer is a competitor of NIKE. 
 3. Non-Disclosure
Agreement. 
 (a) Protected Information Defined. “Protected Information” shall mean all
proprietary information, in whatever form and format, of NIKE and all information provided to NIKE by third parties which NIKE is obligated to keep confidential. EMPLOYEE agrees that any and all information to which EMPLOYEE has access concerning
NIKE projects and internal NIKE information is Protected Information, whether in verbal form, machine-readable form, written or other tangible form, and whether designated as confidential or unmarked. Without limiting the foregoing, Protected
Information includes information relating to NIKE’s research and development activities, its intellectual property and the filing or pendency of patent applications, confidential techniques, methods, styles, designs, design concepts and ideas,
customer and vendor lists, contract factory lists, pricing information, manufacturing plans, business and marketing plans, sales information, methods of operation, manufacturing processes and methods, products, and personnel information. 

(b) Excluded Information. Notwithstanding paragraph 3(a), Protected Information excludes any information that is or
becomes part of the public domain through no act or failure to act on the part of EMPLOYEE. Specifically, employees shall be permitted to retain as part of their personal portfolio copies of the employees’ original artwork and designs, provided
the artwork or designs have become part of the public domain. In any dispute between the parties with respect to this exclusion, the burden of proof will be on EMPLOYEE and such proof will be by clear and convincing evidence. 
 (c) Employee’s Obligations. During the period of employment by NIKE and for a period of two (2) years thereafter,
EMPLOYEE will hold in confidence and protect all Protected Information and will not, at any time, directly or indirectly, use any Protected Information for any purpose outside the scope of EMPLOYEE’s employment with NIKE or disclose any
Protected Information to any third person or organization without the prior written consent of NIKE. Specifically, but not by way of limitation, 

  

 COVENANT NOT TO COMPETE AND 
 NON-DISCLOSURE AGREEMENT - Page 3 
 Revised 6/12/00 

 
EMPLOYEE will not ever copy, transmit, reproduce, summarize, quote, publish or make any commercial or other use whatsoever of any Protected Information
without the prior written consent of NIKE. EMPLOYEE will also take reasonable security precautions and such other actions as may be necessary to insure that there is no use or disclosure, intentional or inadvertent, of Protected Information in
violation of this Agreement. 
 4. Return of Protected Information. At the request of NIKE at anytime, and in any event, upon
termination of employment, EMPLOYEE shall immediately return to NIKE all Protected Information in whatever form, including tapes, notebooks, drawings, digital files, or other media containing Protected Information, and all copies thereof, then in
EMPLOYEE’s possession or under EMPLOYEE’s control. 
 5. Unauthorized Use. During the period of employment with NIKE
and thereafter, EMPLOYEE will notify NIKE immediately if EMPLOYEE becomes aware of the unauthorized possession, use or knowledge of any Protected Information by any person employed or not employed by NIKE at the time of such possession, use or
knowledge. EMPLOYEE will cooperate with NIKE in the investigation of any such incident and will cooperate with NIKE in any litigation with third parties deemed necessary by NIKE to protect the Protected Information. NIKE shall provide reasonable
reimbursement to EMPLOYEE for each hour so engaged and that amount shall not be diminished by operation of any payment under Paragraph 1(d) of this Agreement. 
 6. Non-Recruitment. During the term of this Agreement and for a period of one (1) year thereafter, EMPLOYEE will not directly or indirectly , solicit, divert or hire away (or attempt to solicit,
divert or hire away) to or for himself or any other company or business organization, any NIKE employee, whether or not such employee is a full-time employee or temporary employee and whether or not such employment is pursuant to a written agreement
or is at will. 
 7. Accounting of Profits. EMPLOYEE agrees that, if EMPLOYEE should violate any term of this Agreement, NIKE
shall be entitled to an accounting and repayment of all profits, compensation, commissions, remuneration or benefits which EMPLOYEE directly or indirectly has realized and/or may realize as a result of or in connection with any such violation
(including the return of any additional consideration paid by NIKE pursuant to Paragraph 1(d) above). Such remedy shall be in addition to and not in limitation of any injunctive relief or other rights or remedies to which NIKE may be entitled at law
or in equity. 
 8. General Provisions. 
 (a) Survival. This Agreement shall continue in effect after the termination of EMPLOYEE’s employment, regardless of the
reason for termination. 
  

 COVENANT NOT TO COMPETE AND 
 NON-DISCLOSURE AGREEMENT - Page 4 
 Revised 6/12/00 

 (b) Waiver. No waiver, amendment, modification or cancellation of any term
or condition of this Agreement will be effective unless executed in writing by both parties. No written waiver will excuse the performance of any act other than the act or acts specifically referred to therein. 
 (c) Severability. Each provision herein will be treated as a separate and independent clause and unenforceability of any one
clause will in no way impact the enforceability of any other clause. Should any of the provisions in this Agreement be found to be unreasonable or invalid by a court of competent jurisdiction, such provision will be enforceable to the maximum extent
enforceable by the law of that jurisdiction. 
 (d) Applicable Law/Jurisdiction. This Agreement, and
EMPLOYEE’s employment hereunder, shall be construed according to the laws of the State of Oregon. EMPLOYEE further hereby submits to the jurisdiction of, and agrees that exclusive jurisdiction over and venue for any action or proceeding arising
out of or relating to this Agreement shall lie in the state and federal courts located in Oregon. 
  

									
	 EMPLOYEE
	 		 	 NIKE, Inc.

				
	/s/ Trevor Edwards	 		 	By	 	/s/ Mark G. Parker
		 		 		 	Name:	 	 Mark Parker

	DATE	 	11/14/02	 		 	Title:	 	President Nike Brand

  

 COVENANT NOT TO COMPETE AND 
 NON-DISCLOSURE AGREEMENT - Page 5 
 Revised 6/12/00

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