Policy for Recoupment of Incentive Compensation – NIKE, Inc.

NIKE, Inc.

Policy for Recoupment of Incentive
Compensation

If NIKE, Inc. (the “Company”) is required to prepare an accounting
restatement for any fiscal quarter or year commencing after May 31, 2010 due to
the material noncompliance of the Company with any financial reporting
requirement, and the Board of Directors of the Company (the “Board”) determines
that the Misconduct (as defined below) of any person who was an executive
officer of the Company at the time of the Misconduct (an “Affected Officer”)
contributed to the noncompliance which resulted in the obligation to restate the
Company153s financial statements, the Board of Directors may require the Affected
Officer to repay to the Company all or part of the following:

(a) the full amount of any bonus received by the Affected Officer under the
Company153s Executive Performance Sharing Plan (“PSP”) that was calculated based
on the financial statements that were subsequently restated;

(b) the full amount of any payout received by the Affected Officer under the
Company153s Long-Term Incentive Plan (“LTIP”) with respect to an award granted
after May 31, 2010 that was calculated in whole or in part based on the
financial statements that were subsequently restated;

(c) the full amount of any Profit Sharing Make Up Contribution (as defined in
the Company153s Deferred Compensation Plan (“DCP”)) credited to the account of the
Affected Officer under the DCP with respect to the fiscal year for which
financial statements were subsequently restated; and

(d) if, after the release of earnings for any period with respect to which
financial statements were subsequently restated and prior to the announcement of
such restatement, the Affected Officer sold any shares of Company common stock
acquired pursuant to an option or other award granted after May 31, 2010 under
the Company153s 1990 Stock Incentive Plan, the excess of (i) the actual aggregate
sales proceeds from the Affected Officer153s sale of those shares, over (ii) the
aggregate sales proceeds the Affected Officer would have received from the sale
of those shares at a price per share determined appropriate by the Board in its
discretion to reflect what the Company153s common stock price would have been if
the restatement had occurred prior to such sales; provided, however, that the
aggregate sales proceeds determined by the Board under this clause (ii) with
respect to shares acquired upon exercise of an option shall not be less than the
aggregate exercise price paid for those shares.

“Misconduct” shall mean willful commission of an act of fraud or dishonesty
or recklessness in the performance of a person153s duties. If an amount repaid to
the Company under this Policy will not be fully deductible by the Affected
Officer, the Board shall reduce the amount to be repaid by the amount determined
by the Board to reasonably take into account the tax consequences of such
repayment.

If any portion of a PSP or LTIP payout was deferred under the DCP, any amount
to be repaid with respect to that payout shall first be recovered by canceling
the amount so deferred under the DCP and any investment returns credited under
the DCP with respect to such cancelled amount. Similarly, any Profit Sharing
Make Up Contribution under the DCP that is required to be repaid shall be
recovered by canceling such amount and any investment returns credited under the
DCP with respect to such cancelled amount. The Company may seek direct repayment
from the Affected Officer of any amount not so recovered and may, to the extent
permitted by applicable law, offset such amount against any compensation or
other amounts owed by the Company to the Affected Officer. In particular,
amounts to be repaid under this Policy may be recovered by offset against the
after-tax proceeds of deferred compensation payouts under the DCP at the times
such deferred compensation payouts occur under the terms of the DCP. Any amount
that remains unpaid for more than 30 days after demand by the Company shall
accrue interest at the rate of nine percent (9%) per year, compounded at the end
of each calendar quarter, until paid.