Summary Compensation for Non-Employee Directors

EX-10.56 11 dex1056.htm SUMMARY OF COMPENSATION FOR NON-EMPLOYEE DIRECTORS SUMMARY OF COMPENSATION FOR NON-EMPLOYEE DIRECTORS

Exhibit 10.56

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 2005, 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 in person 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 2005:

 

Director

    Annual Retainer(1)     Fee Per Board
Meeting Attended		    Fee Per Committee
Meeting Attended(3)

Bruce Barone

    $ 22,000     $ 1,500    $ 1,500

Joseph Baute

    $ 22,000     $ 1,500    $ 1,500

Donald Weatherson

    $ 12,833 (2)   $ 1,500    $ 1,500

 

(1) In addition, the non-employee directors receive reimbursement for all reasonable expenses incurred in attending board and committee meetings.

 

(2) Represents the pro-rata portion of a $22,000 annual retainer commencing on June 9, 2005.

The Company did not grant any stock options to non-employee directors in 2005.