PC Connection, Inc. 2007 Non-Employee Director Compensation Summary
This document outlines the compensation structure for non-employee directors of PC Connection, Inc. in 2007. Directors Bruce Barone, Joseph Baute, and Donald Weatherson each received an annual retainer of $36,000, plus $1,500 for each board meeting and committee meeting attended. Additionally, they were reimbursed for reasonable expenses related to attending these meetings. The agreement specifies the payment amounts and reimbursement policy for non-employee directors during the specified year.
Exhibit 10.59
Summary Compensation for Non-Employee Directors
PC Connection, Inc.’s (the “Company’s”) non-employee directors currently consist of: (i) Bruce Barone; (ii) Joseph Baute; and (iii) Donald Weatherson. In 2007, non-employee directors of the Company received an annual retainer. In addition to this retainer, non-employee directors were entitled to receive a fee for each regularly scheduled board meeting attended and a fee for each committee meeting attended. The table below sets forth the annual retainer, per board meeting fees and per committee meeting fees paid to our non-employee directors in 2007:
| Director | Annual Retainer(1) | Fee Per Board Meeting Attended | Fee Per Committee Meeting Attended | |||
| Bruce Barone | $36,000 | $1,500 | $1,500 | |||
| Joseph Baute | $36,000 | $1,500 | $1,500 | |||
| Donald Weatherson | $36,000 | $1,500 | $1,500 |
| (1) | In addition, the non-employee directors receive reimbursement for all reasonable expenses incurred in attending board and committee meetings. |
