Arch Senior Executive Pension Plan II, effective as of October 30, 2009



 Exhibit 10.15 
 ARCH SENIOR EXECUTIVE PENSION PLAN II 
 Article I.
The Plan 
 1.1 Establishment of Plan. Effective as of October 30, 2009, Arch Chemicals, Inc. (the
“Company” or “Arch”) hereby establishes a non-qualified deferred compensation plan known as the Arch Senior Executive Pension Plan II (the “Plan”) for the benefit of certain salaried employees of Arch and other
Employing Companies who may be eligible to participate. 
 1.2 Purpose. The purpose of this Plan is to provide benefits
to certain current and former salaried employees of Arch and other Employing Companies whose benefits under the terms of The Pension Plan of Arch Chemicals are limited (i) by §415 of the Internal Revenue Code of 1986, as amended (the
“Code”), (ii) by the limitations on compensation that can be taken into account in calculating qualified plan benefits under Code §401(a)(17), and (iii) by the inability to include in compensation for Qualified Plan Pension
Benefits any salary and awards of management incentive compensation that have been deferred by eligible employees into non-qualified plans or arrangements. These limitations are collectively referred to herein as “Benefit Limitations.”
This Plan is intended to provide Participants affected by Benefit Limitations (and their beneficiaries) with benefits equal to the difference in value between what such Participants’ benefits under The Pension Plan of Arch Chemicals would be
absent the Benefit Limitations, and what their benefits are taking into account the Benefit Limitations. 
 A further purpose of
this Plan is to attract and retain a management group capable of assuring Arch’s future success by providing them with the opportunity to earn additional supplemental retirement income under this Plan if certain service requirements are met.

 1.3 Eligibility and Participation. Any Arch Employee whose job is rated at 2,000 Hay Points (or the equivalent) or
more and who is selected by the Board of Directors of the Company or the Compensation Committee of the Board (referred to in this Plan as the “Selection Committee”) shall participate in the Plan (a “Participant”). As provided
hereinafter, the Selection Committee shall also have the power to remove any Participant from the Plan, whether or not he or she has begun to receive benefits hereunder. Participation shall be effective as of the date designated by the Selection
Committee. 
 1.4 Nature of Plan. This Plan is divisible into two components: that portion which qualifies for the
exemption from the Employee Retirement Income Security Act (“ERISA”) as an unfunded “excess benefit plan,” and that portion which provides for benefits in excess of applicable compensation limits, and is intended to be an
unfunded supplemental executive retirement plan for a select group of management and highly compensated employees. The Plan is also intended to be a non-qualified deferred compensation plan which meets the requirements of Code §409A(a)(2),
(3) and (4). 







 Article II. Definitions 
 2.1 “Arch Supplementary and Deferral Pension Benefit Plan” means the Arch Supplementary and Deferral Pension Benefit Plan. No
Participant in this Plan shall be eligible to accrue any additional benefits under the Arch Supplementary and Deferral Pension Benefit Plan on or after the date such Participant becomes a Participant in this Plan. 
 2.2 A “Change in Control” with respect to a Participating Employer that is organized as a corporation occurs on the date on
which any of the following events occur (i) a change in the ownership of the Participating Employer; (ii) a change in the effective control of the Participating Employer; (iii) a change in the ownership of a substantial portion of the
assets of the Participating Employer. 
 (a) A change in the ownership of the Participating Employer occurs on the date on which
any one person, or more than one person acting as a group, acquires ownership of stock of the Participating Employer that, together with stock held by such person or group constitutes more than 50% of the total fair market value or total voting
power of the stock of the Participating Employer. A change in the effective control of the Participating Employer occurs on the date on which either (i) a person, or more than one person acting as a group, acquires ownership of stock of the
Participating Employer possessing 30% or more of the total voting power of the stock of the Participating Employer, taking into account all such stock acquired during the 12-month period ending on the date of the most recent acquisition, or
(ii) a majority of the members of the Participating Employer’s Board of Directors is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of such Board of Directors
prior to the date of the appointment or election, but only if no other corporation is a majority shareholder of the Participating Employer. A change in the ownership of a substantial portion of assets occurs on the date on which any one person, or
more than one person acting as a group, other than a person or group of persons that is related to the Participating Employer, acquires assets from the Participating Employer that have a total gross fair market value equal to or more than 80% of the
total gross fair market value of all of the assets of the Participating Employer immediately prior to such acquisition or acquisitions, taking into account all such assets acquired during the 12-month period ending on the date of the most recent
acquisition. 
 (b) An event constitutes a Change in Control with respect to a Participant only if the Participant performs
services for the Participating Employer that has experienced the Change in Control, or the Participant’s relationship to the affected Participating Employer otherwise satisfies the requirements of Treasury Regulation
§1.409A-3(2)(i)(5)(ii). 
 (c) The determination as to the occurrence of a Change in Control shall be based on objective
facts and in accordance with the requirements of Code §409A. 
 2.3 “Code” means the Internal Revenue Code of
1986, as amended from time to time. 
 2.4 “Company” means Arch Chemicals, Inc., a Virginia corporation. 

 

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 2.5 “Disabled” or “Disability” shall mean, for purposes of crediting
service under this Plan as provided in Section 3.2 hereof, the same as “Disabled” for purposes of The Pension Plan of Arch Chemicals. 
 2.6 “Employing Company” means any company which has adopted this Plan and is included within the definition of an Employing Company under the terms of The Pension Plan of Arch Chemicals.

 2.7 “Married” means the Participant has a Spouse, as defined below. 
 2.8 “Pension Plan of Arch Chemicals” means the Pension Plan of Arch Chemicals as in effect on the effective date of this Plan and
thereafter, provided that no amendment to the Pension Plan of Arch Chemicals shall be given effect for purposes of this Plan to the extent such amendment may or will result in a direct or indirect change to the time or form of any payment hereunder,
except as permitted under Code §409A and related regulations. 
 2.9 “Plan Administrator” shall mean the Pension
Administration and Review Committee of Arch Chemicals, Inc. 
 2.10 “Plan Year” shall mean each calendar year.

 2.11 “Qualified Plan Pension Benefit” is a Participant’s benefit under the Pension Plan of Arch Chemicals.

 2.12 “Retires” or “Retirement” means, except as provided in Section 3.6, hereof, the Participant has
had a Normal Retirement Date, an Early Retirement Date or a Deferred Vested Retirement Date, as further described in Article III, below. 
 2.13 “Separation from Service” means a termination of employment with the Company, as defined for purposes of Code §409A. 
 (a) Except as noted below with respect to asset sales, the Plan Administrator will determine, in accordance with Code §409A, whether a
Separation from Service has occurred. Except in the case of a Participant on a bona fide leave of absence as provided below, a Participant is deemed to have incurred a Separation from Service if the Company and the Participant reasonably anticipated
that the level of services to be performed by the Participant after a date certain would be reduced to 20% or less of the average services rendered by the Participant during the immediately preceding 36-month period (or the total period of
employment, if less than 36 months), disregarding periods during which the Participant was on a bona fide leave of absence. 
 (b) An Employee who is absent from work due to military leave, sick leave, or other bona fide leave of absence shall incur a Separation from Service on the first date immediately following the later of (i) the six-month anniversary of
the commencement of the leave, or (ii) the expiration of the Employee’s right, if any, to reemployment under statute or contract. Notwithstanding the preceding, however, with respect to an Employee who is absent from work

  

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due to a physical or mental impairment that is expected to result in death or last for a continuous period of at least six months and that prevents the Employee from performing the duties of his
or her position of employment or a similar position, the twenty-nine-month anniversary of the commencement of leave shall be substituted for the six-month anniversary in (i) in the preceding sentence. 
 (c) For purposes of determining whether a Separation from Service has occurred, the Company means the Company and any Affiliate, except that
for purposes of determining whether another organization is an Affiliate of the Company, common ownership of at least 50% shall be determinative. Affiliate means a corporation, trade or business that, together with the Company, is treated as a
single employer under Code §414(b) or (c). 
 (d) The Company specifically reserves the right to determine whether a sale
or other disposition of substantial assets to an unrelated party constitutes a Separation from Service with respect to a Participant providing services to the seller immediately prior to the transaction and providing services to the buyer after the
transaction. Such determination shall be made in accordance with the requirements of Code §409A. 
 2.14 “Specified
Employee” means an employee who, as of the date of his or her Separation from Service, is a “key employee” of the Company or any Affiliate, any stock of which is actively traded on an established securities market or otherwise. An
employee is a key employee if he or she meets the requirements of Code §416(i)(1)(A)(i), (ii), or (iii) (applied in accordance with applicable regulations thereunder and without regard to Code §416(i)(5)) at any time during the
12-month period ending on the Specified Employee Identification Date. Such Employee shall be treated as a key employee for the entire 12-month period beginning on the Specified Employee Effective Date. 
 For purposes of determining whether an Employee is a Specified Employee, the compensation of the Employee shall be determined in accordance
with the definition of compensation provided under Treas. Reg. §1.415(c)-2(d)(3) (wages within the meaning of Code §3401(a) for purposes of income tax withholding at the source, plus amounts excludible from gross income under Code
§§125(a), 132(f)(4), 402(e)(3), 402(h)(1)(B), 402(k) or 457(b), without regard to rules that limit the remuneration included in wages based on the nature or location of the employment or the services performed); provided, however, that,
with respect to a nonresident alien who is not a Participant in the Plan, compensation shall not include compensation that is not includible in the gross income of the Employee under Code §§872, 893, 894, 911, 931 and 933, provided such
compensation is not effectively connected with the conduct of a trade or business within the United States. 
 Notwithstanding
anything in this paragraph to the contrary, (i) if a different definition of compensation has been designated by the Company with respect to another nonqualified deferred compensation plan in which a key employee participates, the definition of
compensation shall be the definition provided in Treas. Reg. §1.409A-1(i)(2), and (ii) the Company may through action that is legally binding with respect to all nonqualified deferred compensation plans maintained by the Company, elect to
use a different definition of compensation. In the event of corporate transactions described in Treas. Reg. §1.409A-1(i)(6), the identification of Specified Employees

  

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shall be determined in accordance with the default rules described therein, unless the Employer elects to utilize the available alternative methodology through designations made within the
timeframes specified therein. Specified Employee Effective Date means the first day of the fourth month following the Specified Employee Identification Date, or such earlier date as is selected by the Plan Administrator. Specified Employee
Identification Date means December 31, unless the Employer has elected a different date through action that is legally binding with respect to all nonqualified deferred compensation plans maintained by the Employer. 
 2.15 “Spouse” shall mean the person to whom a Participant is validly married at the date of the Participant’s death and to
whom the Participant was validly married for at least 12 months immediately prior to the Participant’s death, as evidenced by a marriage certificate issued in accordance with state law and as recognized under federal law. Common law marriages
shall not be recognized hereunder. 
 Article III. Benefits 
 3.1 Benefits; In General. Retirement Benefits are payable hereunder upon the first to occur of the following: 
 (a) a Participant’s Normal Retirement Date, as provided in Section 3.3; or 
 (b) a Participant’s Early Retirement Date, as provided in Section 3.4; or 
 (c) a Participant’s Deferred Vested Retirement Date, as provided in Section 3.5. 
 In addition, (i) benefits may be payable in the event of a Change of Control (see Section 3.7, below), and (ii) pre-retirement survivor
benefits may be payable in the event a Participant dies prior to qualifying for Retirement (see Section 3.6(b), below). 
 3.2 Benefit Formula. 
 (a) A Participant’s Retirement Benefit, calculated as of the Participant’s
Separation from Service date, shall equal the benefit calculated under Formula A, plus, if applicable, the benefit calculated under Formula B, below. 
 Formula A. The Retirement Benefit calculated in accordance with Formula A shall be equal to X minus (Y + Z) where: 
  

	 	X =	the value of the Qualified Plan Pension Benefit to which the Participant would have been entitled had such benefit been calculated (i) including non-qualified
deferrals of regular salary and awards under any applicable management incentive plan, and (ii) without regard to the Benefit Limitations; 

  

	 	Y =	the value of the Qualified Plan Pension Benefit payable to the Participant; and 

  

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	 	Z =	the value of the Supplemental Pension Benefit payable to the Participant pursuant to the Arch Supplementary and Deferral Pension Benefit Plan. 


The amounts described, above, shall (i) be calculated in the form of a single life annuity payable over the lifetime of the Participant commencing
at the Participant’s sixty-fifth (65th) birthday or, if later, his or her actual Separation from Service date; (ii) shall, except as provided in (iv), below, be based on the Participant’s service and compensation as of the date
of the Participant’s Separation from Service; (iii) shall reflect the effect of any applicable vesting schedule on the Participant’s Qualified Plan Pension Benefits; and (iv) shall be calculated taking into account the
Participant’s retirement benefit then payable (1) from the Pension Plan of Arch Chemicals using the Benefit Limitations in effect as of the Participant’s Separation from Service date, and (2) from the Arch
Supplementary and Deferral Pension Plan using the service, compensation and Benefit Limitations as of the date the Participant ceases to accrue benefits under such Plan. If a Participant’s Formula A Retirement Benefit becomes payable upon the
Participant’s Early Retirement Date it shall be adjusted using the early retirement reductions specified in the Pension Plan of Arch Chemicals based upon the Participant’s Benefit Commencement Date. If a Participant’s Formula A
Retirement Benefit become payable upon the Participant’s Deferred Vested Retirement Date, it shall be adjusted using the actuarial reductions that would be applicable to deferred vested benefits under The Pension Plan of Arch Chemicals as of
the Participant’s Benefit Commencement Date. 
 Formula B. The Retirement Benefit calculated in accordance with Formula B
shall equal X minus Y. 
 For purposes of Formula B, X is the lesser of (i) or (ii), below, multiplied by the Participant’s Average
Compensation. 
 (i) two percent (2%), multiplied by the Participant’s Years of Benefit Service credited
under the Pension Plan of Arch Chemicals, reduced by one-third of one percent (1/3%) for each month by which the Participant’s benefits under this Plan begin prior to the Participant’s sixty-fifth (65th) birthday; or 

(ii) sixty percent (60%), reduced by one-third of one percent (1/3%) for each month by which the Participant’s
benefits under this Plan begin prior to the Participant’s sixty-fifth (65th) birthday. 
 For purposes of Formula B, Y is the sum of:

 (1) the value of the Qualified Plan Pension Benefit payable to the Participant; and 
 (2) the value of the Supplemental Pension Benefit payable to the Participant pursuant to the Arch Supplementary and
Deferral Pension Benefit Plan; 
 (3) the value of the Participant’s benefit under Formula A,
above; and 
  

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 (4) fifty percent (50%) of the Participant’s Primary Social
Security Benefit. 
 Notwithstanding the foregoing, a Participant shall not vest in a benefit under Formula B until the earliest of the
following dates: (a) the date the Participant attains at least age 55 and has at least 10 Years of Benefit Service credited while a Participant in this Plan; (b) the date the Participant attains age 65; (c) the
date the Participant qualifies for benefits under an executive severance plan on account of an involuntary separation from service without cause, provided the Participant is then at least age 55; (d) the date determined by the Selection
Committee, in its discretion, provided the Participant is then at least age 62, or (e) if the Participant dies prior to Retirement, the day preceding the Participant’s date of death. Until such time as a Participant vests in a
benefit, his or her benefit under Formula B shall be deemed to be zero. 
 (b) For purposes of determining a Participant’s
“Average Compensation,” “Years of Benefit Service,” “Retirement Allowance” and “Primary Social Security Benefit” under this Plan, except as otherwise provided in this paragraph (b), such terms shall be as
defined in The Pension Plan of Arch Chemicals and take into account compensation and service (including periods of Disability, but only to the extent provided in (d), below) credited to such Participant while employed by Arch and its affiliates. In
calculating a Participant’s Average Compensation for purposes of determining X under Formula B, (i) “Average Compensation” shall also include severance and deferred amounts of regular salary and deferrals under management
incentive plans (other than the Performance Unit Plan, the EVA Bonus Bank or similar bonus bank arrangements, and other long-term incentive and long-term bonus plans of Arch); (ii) executive severance which is payable to certain Participants
under employment agreements shall be treated as if paid over the number of months of salary used to calculate the amount of such severance, even if such severance is received in a lump sum; and (iii) Average Compensation shall be calculated
without regard to the dollar limitations imposed by Code §401(a)(17). In calculating a Participant’s “Years of Benefit Service” for purposes of determining X under Formula B, service imputed as a result of treating any executive
severance paid as having been received over the number of months used to calculate such severance shall be included. 
 (c) The
annual retirement benefits payable under The Pension Plan of Arch Chemicals and the Arch Supplementary and Deferral Pension Benefit Plan which are to be used to reduce the benefit payable under Formula A and Formula B, above, shall be determined
assuming that the Participant began receiving benefits thereunder at such Plan’s Normal Retirement Date, and using the actuarial equivalent factors specified in the plans which are the subject of the offset or, if such factors are not
reasonably available, such factors as may, from time to time, be elected by the Plan Administrator. 
 (d) In the event that a
Participant becomes Disabled, the Participant shall be credited with service and compensation under this Plan for the period of Disability in the same manner as service and compensation is credited for a Disabled non-collectively bargained employee
who participates in The Pension Plan of Arch Chemicals until such time as the Participant has a Separation from Service or is no longer Disabled and returns to work. No Participant shall qualify for Disability service credit hereunder if such
Participant becomes Disabled after he or she is no longer actively employed by Arch or its affiliates. 
  

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 3.3 Normal Retirement Benefits. Retirement Benefits are payable upon a
Participant’s Normal Retirement Date, which is the date of a Participant’s Separation from Service other than on account of death, if such Separation from Service occurs on or after the Participant attains age sixty-five (65). 

3.4 Early Retirement Benefits. 
 (a) Retirement Benefits are payable upon a Participant’s Early Retirement Date, which is (i) the date the Participant incurs a Separation from Service other than on account of death at any time
after reaching his or her fifty-fifth (55th) birthday, but before his or her sixty-fifth (65th) birthday; or (ii) the Participant’s fifty-fifth birthday, if the special service crediting rule of subsection (b), below, is applicable. 
 (b) For purposes of (i) determining whether a Participant is eligible for early retirement benefits under this Section 3.4 instead
of benefits on a deferred vested basis under Section 3.5, below, and (ii) calculating the annual Retirement Allowance from The Pension Plan of Arch Chemicals which is to be used as an offset, any Participant who has completed at least
seven (7) Years of Creditable Service (as defined in the Pension Plan of Arch Chemicals, but taking into account service with Olin Corporation and its affiliates, as well as service with Arch and its affiliates) and who is at least age
fifty-two (52) on the date he or she has a Separation from Service other than (i) for cause or (ii) as a result of a voluntary termination, shall be treated as continuing as an eligible employee until the date on which the Participant
reaches age fifty-five (55). Such service shall be imputed for the sole purposes of determining whether the Participant qualifies for Early Retirement benefits, and shall not be treated as “Benefit Service” for the purpose of calculating
the amount of the benefit under this Plan. In no event will Early Retirement benefits commence under this subsection (b) until the Participant actually attains age fifty-five (55). 
 3.5 Deferred Vested Benefits. Retirement Benefits are payable upon a Participant’s Deferred Vested Retirement Date, which is the
date the Participant attains age fifty-five (55) if the Participant incurs a Separation from Service other than on account of death prior to attaining age fifty-five (55) and does not otherwise qualify for Early Retirement benefits under
Section 3.4(b), above. 
 3.6 Survivor Benefits. 
 (a) Post-Retirement Benefits. If a Participant dies after Retirement but prior to the date all payments have been made pursuant to
Section 4.1(a), hereof, the remaining payments shall be paid to the Participant’s designated beneficiary. If there is no beneficiary designation on file with the Plan Administrator, or no designated beneficiary survives the Participant,
the benefits shall be paid to the Participant’s estate (or a distributee of the Participant’s estate, as designated by the estate’s legal representative). 
 (b) Pre-Retirement Benefits. If a Participant dies prior to Retirement, a pre-retirement death benefit, equal in value to 100% of the value of the benefit that the Participant would have been
entitled to had the Participant terminated employment on the day preceding

  

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death and survived to the earliest date on which such Participant could commence benefits hereunder, shall be payable to the Participant’s designated beneficiary (or beneficiaries). Such
benefit shall be paid as provided in Section 4.1(a) for a Retirement Benefit, provided that for this purpose (i) if the Participant is at least age fifty-five (55) on his or her date of death, the Participant’s Retirement Date
shall be deemed to be the Participant’s date of death; (ii) if the Participant is not at least age fifty-five (55) on his or her date of death, the Participant’s Retirement Date shall be deemed to be the date the Participant
would have attained age fifty-five (55) had the Participant lived; and (iii) the Participant’s Benefit Commencement Date shall be the date that would have been the Participant’s Benefit Commencement Date had the Participant
survived to his or her Retirement Date. If there is no beneficiary designation on file with the Plan Administrator, or no designated beneficiary survives the Participant, the benefits shall be paid to the Participant’s estate (or a distributee
of the Participant’s estate, as designated by the estate’s legal representative). 
 3.7 Benefits Upon a Change of
Control. 
 (a) Lump Sum Payment Upon a Change of Control. Notwithstanding any other provision of the Plan, upon a
Change in Control, each Participant covered by the Plan shall automatically be paid a single lump sum amount in cash by the Company sufficient to purchase an annuity which shall provide the Participant with the same monthly after-tax benefit (as
determined by the Plan Administrator, in consultation with the actuary for the Plan) as the Participant would have received under the Plan based on the benefits accrued to the Participant hereunder as of the date of the Change in Control. Payment
under this Section shall not in and of itself terminate the Plan, but such payment shall be taken into account in calculating benefits under the Plan which may otherwise become due the Participant thereafter. Payment shall be made within 30 days of
the Change in Control and in no event may a Participant designate (directly or indirectly) the taxable year of the payment. 
 (b) No Divestment Upon a Change of Control. If a Participant is removed from participation in the Plan after a Change of Control has occurred, in no event shall the Participant’s Years of Benefit Service accrued prior to such
removal, and the benefit accrued prior thereto, be adversely affected. 
 3.8 Non-Duplication of Benefits. In the event
that any part or all of the benefits to which a Participant is entitled under this Plan are distributed to such Participant and such Participant at any time thereafter again becomes employed by the Company or otherwise is or becomes eligible to
accrue a benefit hereunder, any benefits to which such Participant may become entitled to under this Plan shall be reduced by the actuarial equivalent of the benefits previously distributed so that in no event shall a Participant receive a
duplication of benefits under the Plan. 
  

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 Article IV. Payment of Benefits 
 4.1 Retirement Benefit Distributions. 
 (a) Form of Benefit. All Retirement Benefits shall be paid as follows: monthly life annuity benefits (as further described in Section 4.3(a), hereof), calculated as of the Participant’s
Retirement Date, and commencing as of the Participant’s Benefit Commencement Date, will be paid until the first anniversary of the Participant’s Benefit Commencement Date, at which time the lump sum present value of the remaining annuity
payments (determined in accordance with Section 4.3(b), hereof) shall be distributed in a single lump sum. 
 (b) Lump
Sum Cash-Out. Notwithstanding paragraph (a), above, the Plan Administrator may, in its sole discretion which shall be evidenced in writing no later than the date of payment, elect to pay the value of a Participant’s benefit upon a
Separation from Service in a single lump sum if the value of such benefit is not greater than the applicable dollar amount under Code §402(g)(1)(B), provided the payment represents the complete liquidation of the Participant’s interest in
the Plan (including any other deferred compensation plan that is required to be aggregated with this Plan for this purpose). 
 (c) Benefit Commencement Date. A Participant’s Benefit Commencement Date shall be the first of the month immediately following the Participant’s Retirement Date, unless a different Benefit Commencement Date has been elected
in accordance with Section 4.2, below, in which case the Participant’s Benefit Commencement Date shall be the date elected pursuant to Section 4.2. Notwithstanding the foregoing, at any time the Company is publicly traded on an
established securities market (as defined for purposes of Code §409A) and a distribution is to be made to a Specified Employee (as defined for purposes of Code §409A(a)(2)(B)(i)) on account of a Separation from Service, no distribution
shall be made to the Specified Employee on account of such Separation from Service before the date which is six months after the date of the Specified Employee’s Separation from Service, or, if earlier, the date of death of the Specified
Employee (the “Distribution Restriction Period”). To the extent that such Specified Employee would otherwise have been entitled to benefits hereunder during the Distribution Restriction Period, such amounts shall be accumulated, without
interest, and paid in a single sum, on the first day of month following the end of the Distribution Restriction Period. 
 (d)
Acceleration of or Delay in Payments. The Selection Committee, in its sole and absolute discretion, may elect to accelerate the time or form of payment of a benefit owed to the Participant hereunder, provided such acceleration is permitted
under Treas. Reg. §1.409A-3(j)(4). The Selection Committee may also, in its sole and absolute discretion, delay the time for payment of a benefit owed to the Participant hereunder, to the extent permitted under Treas. Reg. §1.409A-2(b)(7).

 4.2 Change of Benefit Distribution Elections. A Participant may change his or her Benefit Distribution Election by
filing a subsequent written election with the Plan Administrator, provided, however, that 
  

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 (a) such subsequent election is approved by the Selection Committee, in its
discretion; 
 (b) such subsequent election does not take effect until at least 12 months after the date on
which the subsequent election is made; 
 (c) except with respect to the payment of a death benefit, pursuant to
such subsequent election payment is deferred for a period of not less than 5 years from the date payment would otherwise have been made or commenced; and 
 (d) with respect to any election relating to a distribution to be made (or commence) as of a specified date (or pursuant to a fixed schedule), the subsequent election is made not less than 12 months prior
to the date of the first scheduled payment. 
 Furthermore, no change of election shall permit the acceleration of the time or schedule of any
payment under the Plan, except as may be provided by regulation or other guidance issued pursuant to Code §409A(a)(3). This paragraph is intended to be (and shall be interpreted to be) consistent with Code §409A(a)(3), Code
§409A(a)(4)(C) and related guidance. 
 4.3 Actuarial Assumptions. 
 (a) Monthly Annuity Benefits. For purposes of calculating the monthly annuity benefits, if a Participant is not Married as of his or
her Benefit Commencement Date, benefits shall be calculated in the form of a single life annuity for the life of the Participant, commencing as of the Participant’s Benefit Commencement Date. If a Participant is Married as of his or her Benefit
Commencement Date, benefits shall be calculated in the form of a joint and 50% survivor annuity for the life of the Participant and the Participant’s Spouse commencing as of the Participant’s Benefit Commencement Date. The amount payable
in the form of a joint and 50% survivor annuity will be multiplied by a factor which if the Participant is at least age 62, will be one (1), and in all other cases will be an actuarially equivalent reduction factor. Notwithstanding the foregoing, if
a Participant’s Spouse is more than four years younger than the Participant, the factor in the preceding sentence shall be adjusted so that the present value of the surviving Spouse benefit is the same that it would have been if the Spouse were
only four years younger than the Participant. 
 (b) Present Value of Lump Sum. In determining the actuarial present
value of any lump sum payable hereunder the benefit shall be determined: 
 (i) as of the close of the Plan Year
in which the Participant Retires; 
 (ii) using an annuity purchase rate based upon a discount rate equal to the
lower of municipal AAA 10 year bond rate (or, if such rate cannot be reasonably determined, a comparable rate determined by the Plan Administrator in consultation with the Plan’s actuary) determined as the Participant’s Retirement Date or
15 business days prior to the date that the lump sum payment is to be made; and 
  

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 (iii) assuming that the benefit commences under the Plan 
 (1) on the Participant’s 65th birthday, if the Participant terminates service (or is treated as terminating service) prior to age fifty-five (55);
and 
 (2) on the Participant’s Benefit Commencement Date, if the Participant terminates service (or is
treated as terminating service) on or after attaining age fifty-five (55). 
 (c) Other Determinations. All other
actuarial determinations under the Plan shall be made using the actuarial equivalent factors and other assumptions specified in The Pension Plan of Arch Chemicals. 
 4.4 Removal from the Plan; Non-Payment of Benefits. 
 (a) Any Participant
may be removed from the Plan by the Selection Committee at any time “for cause” as determined by the Selection Committee in its sole discretion, whether or not the Participant has begun to receive payments under the Plan, and whether or
not the Participant’s employment has been terminated. “Cause” shall include, without limitation, rendering services in any capacity to a competitor of the Company or an Employing Company or soliciting any managerial employee of
the Company or an Employing Company to leave the employ of the Arch (whether to work for a competitor of the Company or an Employing Company or otherwise), in any such case without the consent of the Selection Committee and while employed by Arch or
for a period of two years thereafter. Neither the Participant nor his or her Spouse or other beneficiary shall be entitled to receive any payments from the Plan from and after the date of the removal of the Participant and all amounts previously
paid hereunder shall be promptly repaid to the Company upon demand. Neither the Participant nor his or her Spouse or other beneficiary shall have any cause of action as a result of such removal or demand for repayment. 
 (b) The Selection Committee may notify a Participant that he or she is being suspended from the Plan as a result of job performance which
the Selection Committee, in its sole discretion, deems unsatisfactory. From and after the date of such notification, and notwithstanding the Participant’s actual Hay Points, he or she will not be deemed to have 2,000 or more Hay Points for
purposes of calculating the Participant’s Retirement Allowance. Any prior Years of Benefit Service shall not be affected by such suspension. 
 Article V. Funding 
 5.1 Unfunded Plan. This Plan shall be unfunded.
All payments under this Plan shall be made from the general assets of Arch and other Employing Companies. 
 5.2 Liability
for Payment. Arch and each other Employing Company shall pay the benefits provided under this Plan with respect to Participants who are employed, or were formerly employed by it during their participation in the Plan. In the case of a
Participant who

  

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was employed by more than one Employing Company, the Committee shall allocate the cost of such benefits among such Employing Companies in such manner as it deems equitable. The obligations of the
Employing Company shall not be funded in any manner. The rights of any person to receive benefits under this Plan are limited to those of a general creditor of the Employing Company liable for payment hereunder. 
 5.3 Anti-alienation. Except as provided in a domestic relations order (within the meaning of Code §414(p)(1)(B)), no Participant
or beneficiary shall have the right to assign, transfer, encumber or otherwise subject to any lien any payment or any other interest under this Plan, nor shall such payment or interest be subject to attachment, execution or levy of any kind.

 Article VI. Plan Administration 
 6.1 Plan Administrator. The Company has appointed the Pension Administration and Review Committee as the Plan Administrator (the “Plan Administrator” or “Committee”). Any
person, including, but not limited to, the directors, shareholders, officers and employees of the Company, shall be eligible to serve on the Committee. Any person so appointed shall signify his acceptance by undertaking the duties assigned. Any
member of the Committee may resign by delivering written resignation to the Company. The Company may also remove any member of the Committee by delivery of a written notice of removal, which shall take effect upon delivery or on a date specified.
Upon resignation or removal of a Committee member, the Company shall promptly designate in writing such other person or persons as a successor. 
 6.2 Majority Actions; Allocation and Delegation. The Committee shall act by majority vote, but may authorize one or more of members to sign all papers on behalf of the Committee. The Committee
members may allocate responsibilities among themselves, and shall notify the Company in writing of such action and the responsibilities allocated to each member. 
 6.3 Powers, Duties and Responsibilities. Except for those powers expressly reserved to the Selection Committee, the Plan Administrator shall have all power to administer the Plan for the exclusive
benefit of the Participants and their beneficiaries, in accordance with the terms of the Plan. The Plan Administrator shall have the absolute discretion and power to determine all questions arising in connection with the administration,
interpretation and application of the Plan. Any such determination by the Plan Administrator shall be conclusive and binding upon all persons. The Plan Administrator may correct any defect or reconcile any inconsistency in such manner and to such
extent as shall be deemed necessary or advisable to carry out the purposes of the Plan; provided, however, that such interpretation or construction shall be done in a non-discriminatory manner and shall be consistent with the intent of the Plan.

 The Plan Administrator shall: 
 (a) compute the amount and kind of benefits to which any Participant shall be entitled hereunder; 
 (b) maintain all necessary records for the administration of the Plan; 
  

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 (c) interpret the provisions of the Plan and make and publish such rules for
regulation of the Plan as are consistent with the terms hereof; 
 (d) assist any Participant regarding his
rights, benefits or elections available under the Plan; and 
 (e) communicate to Participants and their
beneficiaries concerning the provisions of the Plan. 
 6.4 Records and Reports. The Plan Administrator shall keep a
record of all actions taken and shall keep such other books of account, records and other information that may be necessary for proper administration of the Plan. The Plan Administrator shall file and distribute all reports that may be required by
the Internal Revenue Service, Department of Labor or others, as required by law. 
 6.5 Appointment of Advisors. The Plan
Administrator may appoint accountants, actuaries, counsel, advisors and other persons that it deems necessary or desirable in connection with the administration of the Plan. 
 6.6 Claims Procedures; Arbitration. 
 (a) Any person or entity (hereinafter referred to as “Claimant”) claiming a benefit, requesting an interpretation or ruling under the Plan, or requesting information under the Plan shall present
the request in writing to the Plan Administrator, which shall respond in writing as soon as practical, but in no event later than ninety (90) days after receiving the initial claim (or no later than forty-five (45) days after receiving the
initial claim regarding Disability under this Plan). 
 (b) If the claim or request is denied, the written notice of denial
shall state: 
 (i) the reasons for denial, with specific reference to the Plan provisions on which the denial
is based; 
 (ii) a description of any additional material or information required and an explanation of why it
is necessary, in which event the time periods indicated in subsection (a), above, shall be one hundred and eighty (180) and seventy-five (75) days from the date of the initial claim respectively; and 
 (iii) an explanation of the Plan’s claim review procedure. 
 (c) Any Claimant whose claim or request is denied or who has not received a response within sixty (60) days (or one hundred and eighty
(180) days in the event of a claim regarding Disability) may request a review by notice given in writing to the Compensation Committee. Such request must be made within sixty (60) days (or one hundred and eighty (180) days in the
event of a claim regarding a Disability) after receipt by the Claimant of the written notice of denial, or in the event Claimant has not received a response sixty (60) days (or one hundred and eighty (180) days in

  

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the event of a claim regarding a Disability) after receipt by the Plan Administrator of Claimant’s claim or request. The claim or request shall be reviewed by the Compensation Committee
which may, but shall not be required to, grant the Claimant a hearing. On review, the Claimant may have representation, examine pertinent documents, and submit issues and comments in writing. 
 (d) The decision on review shall normally be made within sixty (60) days (or forty-five (45) days in the event of a claim
regarding Disability) after the Compensation Committee’s receipt of the Claimant’s claim or request. If an extension of time is required for a hearing or other special circumstances, the Claimant shall be notified and the time limit shall
be one hundred twenty (120) days (or ninety (90) days in the event of a claim regarding Disability). The decision shall be in writing and shall state reasons supporting the decision and the relevant Plan provisions. All decisions on review
shall be final and bind all parties concerned. 
 (e) Notwithstanding the foregoing, any dispute or controversy arising under or
in connection with the Plan subsequent to a Change in Control shall be settled exclusively by arbitration in Connecticut, in accordance with the rules of the American Arbitration Association then in effect. Judgment may be entered on the
arbitrator’s award in any court having jurisdiction. 
 6.7 Indemnification of Members. The Company shall indemnify
and hold harmless any member of the Committee and of the Selection Committee from any liability incurred in his or her capacity as such for acts which he or she undertakes in good faith as a member of such Committee. 
 Article VII. Termination and Amendment 
 7.1 Amendment or Termination. The Company may amend the Plan at any time, in whole or in part, by action of its Board of Directors, the Compensation Committee of the Board or any other duly
authorized committee or officer. Any Employing Company may withdraw from participation in the Plan at any time. No amendment of the Plan or withdrawal therefrom by an Employing Company shall adversely affect the vested benefits payable hereunder to
any Participant for service rendered prior to the effective date of such amendment or withdrawal. Notwithstanding the foregoing, the Company, by action taken by its Board of Directors, may terminate the Plan and pay Participants and beneficiaries
their accrued benefits in a single lump sum at any time, to the extent and in accordance with Treas. Reg. §1.409A-3(j)(4)(ix). 
 Article VIII. Miscellaneous 
 8.1 Gender and Number. Whenever any words are used herein in the
masculine, feminine or neuter gender, they shall be construed as though they were also used in another gender in all cases where such would apply, and whenever any words are used herein in the singular or plural form, they shall be construed as
though they were also used in another form in all cases where they would so apply. 
  

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 8.2 Action by the Company. Whenever the Company under the terms of this Plan is
permitted or required to do or perform any act or thing, it shall be done and performed by an officer or committee duly authorized by the Board of Directors of the Company. 
 8.3 Headings. The headings and subheadings of this Plan have been inserted for convenience of reference only and shall not be used in
the construction of any of the provisions hereof. 
 8.4 Uniformity and Non Discrimination. All provisions of this Plan
shall be interpreted and applied in a uniform, nondiscriminatory manner. 
 8.5 Governing Law. To the extent that state
law has not been preempted by the provisions of ERISA or any other laws of the United States heretofore or hereafter enacted, this Plan shall be construed under the laws of the State of Connecticut. 
 8.6 Employment Rights. Nothing in this Plan shall confer any right upon any Employee to be retained in the service of the Company or
any of its affiliates. 
 8.7 Incompetency. In the event that the Plan Administrator determines that a Participant is
unable to care for his affairs because of illness or accident or any other reason, any amounts payable under this Plan may, unless claim shall have been made therefor by a duly appointed guardian, conservator, committee or other legal
representative, be paid by the Plan Administrator to the Participant’s spouse, child or parent or any other person deemed by the Plan Administrator to have incurred expenses for such Participant, and such payment so made shall be a complete
discharge of the liabilities of the Plan therefor. 
 IN WITNESS WHEREOF, Arch Chemicals, Inc. has caused this Plan to be
executed by a duly authorized officer on October 30, 2009. 
  

			
	ARCH CHEMICALS, INC.
		
	By:	 	/s/ Hayes Anderson
		 	Its Vice President, Human Resources


  

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