Document:

suppdefbenpensionamend.htm

    Exhibit
10(s)

     

    BENEFIT
PLAN REVIEW COMMITTEE OF OLIN CORPORATION

     

     

    AMENDMENT
TO THE

    OLIN
SUPPLEMENTARY AND DEFERRAL BENEFIT PENSION PLAN

    (As
amended and restated effective February 8, 1999)

     

    

    Olin
Corporation (the “Company”) currently maintains the Olin Supplementary and
Deferral Benefit Pension Plan  (the “Plan”).  In Section 7.1
of the Plan, the Company reserved the right to amend the
Plan.  Pursuant to the authority of the Benefit Plan Review Committee
of Olin Corporation (“the Committee”), the Committee consents to the amendment
of the Plan in the following manner:

     

    
      	
              1.

            	
              Section
      4.1(a) of the Plan is amended by revising the last two sentences thereof
      to read as follows:

            

    

    

    “In the
case of Participants who transfer directly to Global Brass and Copper
Acquisition Co. (“Global”), Primex or Arco Chemical Company ("Arco") (or who, in
the case of Primex only, transfer directly to Primex within five (5) years of
the spin-off of Primex), and in the case of Arch only, who transfer directly to
Arch after the Arch Spin-off Date and on or before February 8, 2000, "actual
retirement" shall be construed to mean retirement or termination of service from
the transferee employer.  Service with Global, Primex, Arco or Arch
(and their affiliates) shall be credited in enabling the Participant to attain
his early retirement age under this Plan.”

    

    
      	
              2.

            	
              Section
      4.1(b) of the Plan is amended by revising the third sentence thereof to
      read as follows:

            

    

    

    “In the
case of Participants who transfer directly to Global, Arco, or to Primex
within five (5) years of the spin-off of Primex, and in the case of Arch only,
who transfer directly to Arch after the Arch Spin-off Date and on or before
February 8, 2000, service with Global, Arco, Primex and Arch, respectively,
shall be credited in determining whether the Participant has reached age 55
under this paragraph (b).”

    

    
      	
              3.

            	
              Section
      4.2 of the Plan is amended by revising the first sentence thereof to read
      as follows:

            

    

    

    “Any
Participant who terminates active service with all Employing Companies
prior to having reached age fifty-five (55), may commence benefits under
this Plan at any time after having reached age fifty-five (55); provided,
however, that his benefit hereunder shall subject to the actuarial
reductions that would be applicable under the Olin Qualified Plan, and
further provided that, in the case of Participants who transfer directly to
Global, Primex, Arco or Arch within the timeframes specified above, service with
those respective companies and their affiliates shall be counted in enabling
such Participants to retire on or after attaining age fifty-five (55) and
actually retiring from Global, Primex, Arco, or Arch as the case may be, in
accordance with Section 4.1 above.”

    

    
      	
              4.

            	
              Section
      4.4(a) of the Plan is amended by revising the last two sentences thereof
      to read as follows:

            

    

    

    “In the
case of Participants who transfer directly to Global, Primex or Arco (or who, in
the case of Primex only, transfer directly to Primex within five (5) years of
the spin-off of Primex), and in the case of Arch only, who transfer directly to
Arch after the Arch Spin-off Date and on or before February 8, 2000, "actual
retirement" shall be construed to mean retirement or termination of service from
the transferee employer. Service with Global, Primex, Arco or Arch (and their
affiliates) shall be credited in enabling the Participant to attain his early
retirement age (but not in determining his Years of Benefit Service) under this
Plan.”

    

    
      	
              5.

            	
              Section
      4.4(b) of the Plan is amended by revising the first sentence thereof to
      read as follows:

            

    

    

    “In the
event that an actively employed Participant has elected to receive Accelerated
Benefits, regular monthly benefits shall commence to be paid upon such
Participant's actual retirement in accordance with Section 4.1 until such
Participant reaches his Accelerated Benefit Commencement Date, at which time
Accelerated Benefits shall be paid in a single lump sum; provided, however, that
no monthly benefits shall be paid to Participants who transfer to Global,
Primex, Arco or Arch until they separate from Global, Primex, Arco or Arch,
respectively.”

    

    
      	
              6.

            	
              Section
      4.7(a) of the Plan is amended by revising the first sentence thereof to
      read as follows:

            

    

    

    “The
spin-off of Olin Brass division, Chase Brass and Copper Company, Primex and Arch
from Olin shall not be deemed to be a change of control entitling any
Participant herein to benefits under this Plan.”

    

    

    
      	
               
      

            	
              [Remainder
      of page left blank intentionally]

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    APPROVED:
11/13/07

    

    /s/ S. C.
Curley

    S. C. Curley

    

    

    /s/ S. E.
Doughty

    S. E. Doughty

    

    

    /s/ D. R.
McGough

    D. R. McGough

    

    

    /s/ G. H.
Pain

    G. H.
Painstockoptionawardcert.htm

    Exhibit
10(bb)

    OLIN
CORPORATION

    Non-Qualified
Stock Option

    

    The
optionee named below is hereby granted an option to purchase the number of
shares of Common Stock of Olin Corporation at the price set forth below, in
accordance with and subject to the terms and restrictions of the _____ Long Term
Incentive Plan ("the Plan"), and of this option:

    

    OPTIONEE:                     

    

                          Number
of
Shares                                                      Option
Price

    for which Option is
Granted                                            Per
Share                       Exercise
Date 

                                                                   
$                     

                                                                     $                      

                                                                     $                      

    

    Date of Grant:                                                                                         Date
Option Expires:  

    
 

    This
option becomes exercisable on the dates shown above for the Shares shown above,
and is subject to all of the terms of the Plan.

     

    

    The
option price may be paid with Shares in accordance with the relevant provisions
of the Plan.

    

    This
option may be exercised by you, or, if applicable, your estate, executor,
administrator, personal representative, heirs, or beneficiaries by giving
written notice to Olin of the intention to exercise the option, accompanied by
full payment of the purchase price of the Shares with respect to which the
option is exercised.  Ownership of the Shares acquired upon exercise
of this option shall vest when Olin's secretary or transfer agent (as the case
may be) records the transfer of such Shares to you on the stock records of
Olin.  This option is exercisable as to full Shares only, and may not
be exercised as to less than twenty-five (25) at any one time.  You
shall not have any of the rights of a shareholder with respect to the Shares
covered by the option until Shares are issued upon the due exercise of the
option.

     

    

    This
option shall not be transferable otherwise than by will or the laws of descent
and distribution, and may be exercised during the lifetime of the optionee only
by the optionee.

     

    

     

    It
is the parties’ intention that all income tax liability on these options be
deferred in accordance with the requirements of Section 409A of the Internal
Revenue Code of 1986, as amended, for nonqualified deferred compensation plans,
until the participant exercises such options.  To the extent Section
409A applies to these stock options, this award and the Plan shall be deemed
amended to comply to the extent permitted by law and this option and the Plan
shall be construed in favor of meeting the requirements for deferral of
compensation under Section 409A.

    

     

    OLIN CORPORATION

     

    By the Compensation
Committee

    

    

    Authorized Signature

    

    I hereby
accept the above option and agree that, during my employment, I will devote the
expected time, energy and effort to the service of Olin Corporation or a
subsidiary and the promotion of its interests.  I further state that I
am familiar with the Plan and agree to be bound by the terms and restrictions of
the Plan.

     

    
 

    Optioneerestrictedstockawardcert.htm

    Exhibit
10(cc)

    OLIN
CORPORATION

    ____ Long
Term Incentive Plan

    Restricted
Stock Unit Award

    

    Restricted
Stock Unit Certificate

    

    This
certificate certifies that the employee named below has been awarded on the date
hereof the number of Restricted Stock Units shown below.

    

    Subject
to the terms and conditions of the Olin ____ Long Term Incentive Plan and
related Award Description and the rules adopted by the Committee administering
such Plan, this certificate will entitle the recipient following employment
through the Vesting Date, to a payment of one share of Olin Common Stock for
each Restricted Stock Unit awarded.

    

    Employee:

    

    Number
of Restricted Stock Units:

    

    Vesting
Date:

    

    

    OLIN CORPORATION

    By the Compensation
Committee

    

    

    ___________________________

    Authorized Signature

    

                                    

     

                                    ___________________________

                                    Employee
Signature

    

    

    Dated:

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