Exhibit 10.17


Summary of
Compensation Arrangements for Executive Officers


The following table discloses compensation received
during the fiscal year ended December 31, 2006 by Mr. McKinnish, the
Company’s Chief Executive Officer, Mrs. Lowe, the Company’s Chief
Financial Officer, and by each of the three remaining most highly paid
executive officers who served as executive officers during 2006:




	
  Name and Principal Position(s)

  	
   

  	
  Salary

  ($)

  	
   

  	
  Bonus

  ($)

  	
   

  	
  Stock

  Awards

  ($)(1)

  	
   

  	
  Option

  Awards

  ($)(1)

  	
   

  	
  Change in

  Pension value and

  Nonqualified

  Deferred

  Compensation

  Earnings(2)

  	
   

  	
  All Other

  Compensation

  ($)(8)

  	
   

  	
  Total

  ($)

  	
   

  
	
  Richmond D. McKinnish

  	
   

  	
  $

  	
  900,000

  	
   

  	
  $

  	
  1,800,000

  	
   

  	
  $

  	
  424,339

  	
   

  	
  $

  	
  1,090,268

  	
   

  	
   

  	
  $

  	
  1,033,674

  	
   

  	
   

  	
   

  	
  $ 

  	
  30,800 

  	
  (3)

  	
   

  	
  $

  	
  5,279,081

  	
   

  
	
  President and Chief Executive Officer

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Carol P. Lowe

  	
   

  	
  $

  	
  300,000

  	
   

  	
  $

  	
  325,000

  	
   

  	
  $

  	
  73,563

  	
   

  	
  $

  	
  163,561

  	
   

  	
   

  	
  $

  	
  10,660

  	
   

  	
   

  	
   

  	
  $ 

  	
  13,640
  

  	
  (4)

  	
   

  	
  $

  	
  886,424

  	
   

  
	
  Vice
  President and Chief Financial Officer

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Michael D. Popielec

  	
   

  	
  $

  	
  465,000

  	
   

  	
  $

  	
  350,000

  	
   

  	
  $

  	
  234,345

  	
   

  	
  $

  	
  659,742

  	
   

  	
   

  	
  $

  	
  3,525

  	
   

  	
   

  	
   

  	
  $ 

  	
  221,314
  

  	
  (5)

  	
   

  	
  $

  	
  1,933,926

  	
   

  
	
  Group President, Diversified Components

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  John W. Altmeyer

  	
   

  	
  $

  	
  475,000

  	
   

  	
  $

  	
  725,000

  	
   

  	
  $

  	
  150,366

  	
   

  	
  $

  	
  306,833

  	
   

  	
   

  	
  $

  	
  53,001

  	
   

  	
   

  	
   

  	
  $ 

  	
  18,060
  

  	
  (6)

  	
   

  	
  $

  	
  1,728,260

  	
   

  
	
  Group
  President, Construction Materials

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Barry Littrell

  	
   

  	
  $

  	
  425,000

  	
   

  	
  $

  	
  350,000

  	
   

  	
  $

  	
  159,696

  	
   

  	
  $

  	
  185,106

  	
   

  	
   

  	
  $

  	
  21,751

  	
   

  	
   

  	
   

  	
  $ 

  	
  18,580
  

  	
  (7)

  	
   

  	
  $

  	
  1,160,133

  	
   

  
	
  Group President, Industrial Components

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  










(1)          The value of the stock
and option awards shown in the table is equal to the expense reported for
financial reporting purposes in 2006 (before reflected forfeitures). Note 11 to
the Company’s consolidated financial statements included in the 2006 Annual
Report on Form 10-K contains more information about the Company’s
accounting for stock-based compensation arrangements.


(2)          Represents the aggregate
change in the actuarial present value of the named executive officer’s
accumulated benefit under the Retirement Plan for Employees of Carlisle
Corporation and the Carlisle Corporation Supplemental Pension Plan.


(3)          Includes $10,000 for
Company matching contributions to the Company’s Employee Incentive Savings Plan
and $20,800 of dividends on restricted Shares.


(4)          Includes $10,000 for
Company matching contributions to the Company’s Employee Incentive Savings Plan
and $3,640 of dividends on restricted Shares.


(5)          Includes $10,000 for
Company matching contributions to the Company’s Employee Incentive Savings
Plan, $50,000 for reimbursement of country club dues, $8,300 of dividends on
restricted Shares, and non-recurring payments and reimbursements totaling
$153,014 attributable to relocation.


(6)          Includes $10,000 for
Company matching contributions to the Company’s Employee Incentive Savings Plan
and $8,060 of dividends on restricted Shares.


(7)          Includes $10,000 for
Company matching contributions to the Company’s Employee Incentive Savings Plan
and $8,580 of dividends on restricted Shares.


(8)          Represents Company
matching contributions to the Company’s Employee Incentive Savings Plan. The
Company’s matching contributions are equal to 66-2/3% of the first 6% of
compensation contributed by the named executives. Beginning in 2007, the
Company’s matching contribution will be 100% of the first 3% of compensation,
and 50% of the next 2% of compensation.













In addition, at its February 6, 2007 meeting, the
Compensation Committee approved the following annual salaries for 2007 for the
named executive officers:  (i) 
Richmond D. McKinnish - $950,000, (ii) Carol P. Lowe - $350,000, (iii) Michael
D. Popielec - $495,000, (iv) John W. Altmeyer - $550,000, and (v) Barry
Littrell - $455,000. The Compensation Committee also awarded the named
executive officers options to acquire shares of the Company’s common stock (the
“Shares”) and restricted Shares as follows: (i) Richmond D. McKinnish—100,000
options, (ii) Carol P. Lowe—12,000 options and 1,000 restricted Shares, (iii) Michael
D. Popielec—16,000 options and 1,000 restricted Shares, (iv) John W.
Altmeyer—22,000 options and 1,000 restricted Shares, and (v) Barry
Littrell—15,000 options and 1,000 restricted Shares. The options were awarded
at an option price of $83.74, which was equal to the closing market price of
the Shares on the date of grant. All options expire ten (10) years
following the date of grant. Each restricted Share was valued at $83.74, which
was equal to the closing market price of the Share on the date of grant. The
restricted Shares vest on December 31, 2009. During the period the Shares
remain restricted, Mrs. Lowe and Messrs. Popielec, Altmeyer and
Littrell will receive any dividend declared on such Shares.


The named executive officers are entitled to an annual
annuity benefit payable starting at normal retirement age (age 65 with five
years of service) under the pension plans of the Company. The pension plans of
the Company provide defined benefits including a cash balance formula whereby
participants accumulate a cash balance benefit based upon a percentage of
compensation allocation made annually to the participants’ cash balance
accounts. The allocation percentage ranges from 2% to 7% and is determined on
the basis of each participant’s years of service. The cash balance account is
further credited with interest annually. The interest credit is based on the
One Year Treasury Constant Maturities as published in the Federal Reserve
Statistical Release over the one year period ending on the December 31st
immediately preceding the applicable plan year (with a minimum of 4.00%). The
interest rate for the plan year ending December 31, 2006 was 5.35%. Compensation
covered by the pension plan of the Company and its subsidiaries includes total
cash remuneration in the form of salaries and bonuses, including amounts
deferred under Sections 401(k) and 125 of the Internal Revenue Code of
1986, as amended (the “Code”).


Section 401(a)(17) of the Code currently places a
limit of $220,000 on the amount of annual compensation covered under a
qualified pension plan such as the one maintained by the Company (the “Retirement
Plan”). Under an unfunded supplemental pension plan maintained by the Company,
the Company will make payments as permitted by the Code to plan participants in
an amount equal to the difference, if any, between the benefits that would have
been payable under the Retirement Plan without regard to the limitations
imposed by the Code and the actual benefits payable under the Retirement Plan
as so limited.


Each named executive officer participates in the
Company’s executive severance program providing for benefits in the event of a “change
of control” (defined generally as an acquisition of twenty percent (20%) or
more of the outstanding voting shares of the Company or a change in the
majority of the Company’s Board of Directors). In the event of a termination of
the named executive officer’s employment within three (3) years of a “change
in control,” the officer is entitled to three (3) years’ compensation,
including bonus, retirement benefits equal to the benefits the officer would
have received had the officer completed three additional years of employment,
continuation of all life, accident, health, savings and other fringe benefits
for three years, and relocation assistance. A copy of the Company’s form
Executive Severance Agreement is on file as an Exhibit to the Company’s
Annual Report on Form 10-K for the year-ended December 31, 1990
and is incorporated herein by reference.