Planning For Retirement
One of the best ways to ensure a secure retirement is to start saving as early as possible. Our 401(k) savings plan allows you to save for retirement on a pretax basis. You can begin contributing to the plan at any time once you become eligible and can start making contributions to your account through convenient payroll deductions.
Eligibility
You are eligible for the CEISP if you are a full-time employee. CEISP’s service provider, Principal, has your eligibility information. Part time employees are eligible if paid by Carlisle for 1000 hours or more during the first full year of employment or for any calendar year.
Vesting
You are always 100% vested in your pretax, Roth and after-tax contributions, funds you have rolled over from another qualified plan and earnings on these funds. You are also 100% vested in company matching contributions made on or after January 1, 2007.
Employee Deferrals
If you do not elect a deferral percentage and do not elect to opt out of the CEISP within your initial eligibility period, you will be automatically enrolled with a 3% deferral election. You may contribute between 1% and 50% of your eligible pay on a pretax and/or Roth contribution basis, up to the annual IRS limit. You may also contribute on an after-tax basis, but the total deferral percentage of pretax + Roth + after-tax cannot be more than 50%.
Employee Stock Purchase Plan
The Employee Stock Purchase Plan (“The Plan”) offers eligible employees the opportunity to purchase Carlisle Companies Incorporated (“Carlisle” or the “Company”) Common Stock at market price. Contributions are strictly voluntary and are made through payroll deduction.
Plan Provisions
The Plan provides for monthly purchases and you may enroll at any time, with such enrollment effective the next available pay period (“Purchase Period”). Your participation maybe delayed based on the timing of the payroll cycle. Payroll deductions will accumulate in a non-interest bearing account held by Equiniti Trust Company, LLC, the Plan Administrator. The accumulated balance will be used to purchase shares on the investment date. No brokerage fees will be charged for these purchase transactions. You can contact Equiniti Trust Company, LLC at 866-709-7704 or access your account at www.astepsdiv.com.
Buying Stock
After the end of each Purchase Period, your account balance will be used to buy Carlisle Common Stock at market price. All shares purchased will be held in your name by the Plan Administrator.
Participation
Participation is optional. Once you enroll, the contribution amount you select is deducted automatically from your pay each pay period. You may contribute any whole dollar amount equal to $10 or more.
Selling Shares
You may sell your shares at any time subject to the terms of the Plan. The tax consequences of selling your shares depend on the length of time that you hold them.