Olin Corporation 120 Long Ridge Road Stamford, CT 06904
In accordance with the resolution regarding Directors' deferred compensation adopted by the Board of Directors
of Olin Corporation ("Olin") at the March 31, 1977 meeting, as amended by the Board on February 26, 1981, I
hereby elect to defer of my Director's annual fee and attendance fees as provided in such resolution, such deferral
to be effective as to all such fees accruing after the date hereof until termination by Olin or me of this election as
to future fees.
In connection with such deferral, you are instructed as follows:
1. I wish to defer payment of all such fees until the following date ("deferral period"):
[_] the earlier of my death or termination of my service as a Director of Olin.
[_] the earlier of my death or
2. I wish to have the amount so deferred, together with deferred interest credited thereon, paid on an annual
[_] over a period of year following the deferral period;
[_] over a period equal to one year for each year or part thereof I shall have served as an Olin Director when the
deferral period ends.
3. I wish to have the amount so deferred, together with such deferred interest, paid to me or in the event of my
(Named Beneficiary or Estate)
No change in these instructions can be made unless it is made in a year prior to the year in which payment would
otherwise commence, except that I can change any beneficiary designated in Item 3 by a notice in writing to the
Secretary of Olin.
I understand that if the deferral period ends in the first six months of a year, the first installment of deferred
amounts will be paid on July 15 of that year and remaining installments on July 15 of each year thereafter; if such
period ends in the last six months of a year, the first installment will be paid on Ja