Nike 2010 Annual Report Download - page 106

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Exhibit 10.2
NIKE, INC.
1990 STOCK INCENTIVE PLAN
NON−STATUTORY STOCK OPTION AGREEMENT
(for Non−Employee Directors)
Pursuant to the 1990 Stock Incentive Plan (the “Plan”) of NIKE, Inc., an Oregon corporation (the “Company”), the Company grants to
(the “Optionee”) the right and the option (the “Option”) to purchase all or any part of shares of the Company’s Class B Common Stock at a
purchase price of $ per share, subject to the terms and conditions of this agreement between the Company and the Optionee (this “Agreement”). By
accepting this Option grant, the Optionee agrees to all of the terms and conditions of the Option grant. The terms and conditions of the Option grant set forth
in attached Exhibit A are incorporated into and made a part of this Agreement. Capitalized terms not explicitly defined in this Agreement but defined in the
Plan shall have the same definitions as in the Plan.
1. Grant Date; Expiration Date. The Grant Date for this Option is September , 201 , which was the date of the Company’s 201 annual meeting of
shareholders. The Option shall continue in effect until September , 202 (the “Expiration Date”) unless earlier terminated as provided in Sections 1 or 5
of Exhibit A. The Option shall not be exercisable on or after the Expiration Date.
2. Vesting of Option. Until it expires or is terminated as provided in Sections 1 or 5 of Exhibit A, the Option may be exercised from time to time to
purchase whole shares as to which it has become exercisable. The Option shall become exercisable for 100% of the shares on the date (the “Vesting Date”)
that is the earlier of (a) the date of the first annual meeting of shareholders of the Company held after the Grant Date, or (b) the last day of the 12th full
calendar month following the Grant Date.
3. Non−Statutory Stock Option. The Company hereby designates the Option to be a non−statutory stock option, rather than an Incentive Stock Option as
defined in Section 422 of the United States Internal Revenue Code of 1986, as amended.
NIKE, Inc.
By: Mark G. Parker,
Chief Executive Officer