EX-10.2
NIKE, Inc.
Document
NIKE, INC. EXECUTIVE SEVERANCE PAY PLAN
325084036v.7
NIKE, INC. EXECUTIVE SEVERANCE PAY PLAN
INTRODUCTION
NIKE, Inc., an Oregon corporation, adopts this NIKE, Inc. Executive Severance Pay Plan (the “Plan”), effective as of the Effective Date for the benefit of Eligible Employees. The Plan provides Severance Benefits to Eligible Employees upon a Qualifying Termination.
ARTICLE I DEFINITIONS
As used herein, the following capitalized words and phrases have the following respective meanings unless the context clearly indicates otherwise:
1.1 “Affiliate” has the meaning set forth in Rule 12b-2 under Section 12 of the Securities Exchange Act of 1934, as amended from time to time.
1.2 “Board” means the Board of Directors of the Company.
…