Exhibit 10(A) Retirement Plan For Non-employee Directors of Olin Corporation
(As Amended Through April 25, 1996)
Article I. The Plan
1.1 Establishment of Plan. Olin Corporation (the "Company") hereby establishes the Retirement Plan for Non-
employee Directors of Olin Corporation (the "Plan"), effective July 1, 1987.
1.2 Purpose. The purpose of this Plan is to provide eligible members of the Company's Board of Directors
("Board") with retirement income in consideration of their valued service on the Board. The Board has
determined that the establishment of such a benefit will be useful in its efforts to retain and attract highly qualified
individuals to serve as Directors of the Company.
Article II. Eligibility
2.1 Eligibility. An individual shall be entitled to a benefit under the Plan if he or she has served as a Director of the
Company after July 1, 1987 and has at least five (5) Years of Service as a non-employee Director; PROVIDED,
HOWEVER, that if an individual is eligible for any other pension benefits from the Company, including, but not
limited to, benefits from the NonBargaining Employees Pension Plan ("NonBargaining Plan"), the Olin Senior
Executive Pension Plan or another pension plan of the Company (collectively, "Other Olin Plans") the maximum
annual benefit to such individual hereunder shall not exceed 50% of his or her Average Compensation (as defined
in the NonBargaining Plan) less (a) the amount of annual retirement allowance from all Other Olin Plans and all
pension plans of the individual's previous employers and (b) 50% of the individual's Primary Social Security
Benefit (as defined in the NonBargaining Plan).
2.2 Years of Service. A twelve consecutive month period during which an individual served as a Director of the
Company shall constitute a Year of Service under the Plan.
Article III. Benefits
3.1A Application of Sections 3.1, 3.2 and 3.3. Each Director eligible to participate in the Plan on the date of
adoption of this Section 3.1A and each eligible Direc