RESTRICTED STOCK UNIT AWARD
GRANTED UNDER THE
OLIN CORPORATION __________ LONG TERM INCENTIVE PLAN
The terms and conditions of these Restricted Stock Units are contained in the Award Certificate
evidencing the grant of such Award, this Award Description and in the Olin Corporation _______ Long
Term Incentive Plan (the “Plan”).
“Vesting Date” means with respect to a Restricted Stock Unit, the date on which you become entitled to
receive the shares underlying the Restricted Stock Unit, as set forth in your Award Certificate.
Other capitalized terms used but not defined herein have the meanings specified in the Plan.
3. Vesting and Payment
(a) Except as otherwise provided in the Plan or in this Award Description, your interest in the
Restricted Stock Units awarded to you will vest only at the close of business on the Vesting Date
for such Restricted Stock Units, if you are employed by Olin from the grant date through the
Vesting Date. Each Restricted Stock Unit not vested shall be forfeited.
(b) Each vested Restricted Stock Unit shall be payable by delivery of one share of Olin Common
Stock (subject to adjustment as provided in the Plan), except as otherwise provided in the Plan.
(c) Each outstanding Restricted Stock Unit shall accrue Dividend Equivalents (amounts equivalent to
the cash dividends payable in cash), deferred in the form of cash. Such Dividend Equivalents shall
be paid only when and if the Restricted Stock Unit on which such Dividend Equivalents were
accrued vests. Dividend Equivalents will accrue interest at an annual rate equal to Olin’s before tax
cost of borrowing as determined from time to time by the Chief Financial Officer, the Treasurer or
the Controller of the Company (or in the event there is no such borrowing, the Federal Reserve
A1/P1 Composite rate for 90 day commercial paper plus 10 b