EX-10.62



 Exhibit 10.62 

Summary of Compensation for Executive Officers 

Following is a description of the compensation arrangements for each of PC Connection, Inc.’s (the “Company’s”) executive
officers. The Company’s executive officers as of March 6, 2015 consisted of: (i) Timothy McGrath, President and Chief Executive Officer; (ii) Joseph Driscoll, Senior Vice President, Treasurer and Chief Financial Officer; and
(iii) Patricia Gallup, Chairman of the Board and Chief Administrative Officer. 
 The Compensation Committee annually reviews and
approves the compensation of the Chief Executive Officer. It also reviews and approves the compensation of the Company’s other executive officers, based on recommendations from the Chief Executive Officer. In determining executive
compensation, the Compensation Committee considers a number of different factors, including the mix of salary, bonus, and incentive compensation levels. In addition, a subcommittee of the Compensation Committee is responsible for the determination
and approval of corporate goals and targets under the Company’s Executive Bonus Plan. The Compensation Committee seeks to achieve three broad goals in connection with the Company’s compensation philosophy and decisions regarding
compensation. First, the Company is committed to providing executive compensation designed to attract, retain, and motivate executives who contribute to the long-term success of the Company and are capable of leading the Company in achieving its
business objectives in the competitive and rapidly changing industry in which the Company operates. Second, the Company wants to reward executives for the achievement of company-wide business objectives of the Company. By tying compensation in part
to achievement, the Company believes that a performance-oriented environment is created for the Company’s executives. Finally, compensation is intended to provide executives with an equity interest in the Company so as to link a meaningful
portion of the compensation of the Company’s executives with the performance of the Company’s Common Stock. 
 Compensation for
the Company’s executives generally consists of three elements: 
  

	 	•	 	salary—levels are generally set by reviewing compensation for competitive positions in the market and considering the executive’s level of responsibility, qualifications, and experience, as well as the
Company’s financial performance and the individual’s performance; 


	 	•	 	bonus—bonuses are paid out under the Company’s Executive Bonus Plan and are based on the achievement of company-wide net income and expense leverage goals. Cash bonuses are set as a percentage of the executive
officer’s base salary; and 


	 	•	 	equity awards—equity awards provide long-term incentives to promote and identify long-term interests between the Company’s employees and its stockholders and to assist in the retention of executives.



  
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 The following table lists the 2014 annual salaries and bonuses of the Company’s executive officers. 

 

									
	 	  	Salary	 	  	Bonus (1)	 
	 Timothy McGrath (2)

President and Chief Executive Officer
	  	$	900,000	  	  	$	887,750	  
	 Joseph Driscoll (2)

Senior Vice President, Treasurer and Chief Financial Officer
	  	 	340,000	  	  	 	360,400	  
	 Patricia Gallup

Chairman of the Board and Chief Administrative Officer
	  	 	327,000	  	  	 	259,965	  

  

	 	(1)	The Compensation Subcommittee approved bonuses of $887,500, $360,400, and $259,965 for Mr. McGrath, Mr. Driscoll, and Ms. Gallup, respectively, under the Company’s Executive Bonus Plan pursuant to
achievement of company-wide net income and expense leverage goals. 

 The Company granted equity awards in 2014 to the Company’s
executive officers, as shown below: 
  

									
	 	  	# of
Restricted
Stock
Units	 	  	Per
Share
Fair
Market
Value	 
	 Timothy McGrath (1)

President and Chief Executive Officer
	  	 	60,000	  	  	$	22.50	  
	 Joseph Driscoll (2)

Senior Vice President, Treasurer and Chief Financial Officer
	  	 	26,000	  	  	$	22.50	  

  

	 	(1)	Mr. McGrath received 60,000 restricted stock units in recognition for his contributions and service in his role as Chief Executive Officer. The restricted stock units vest over eleven years and are settled in
equivalent amounts of common stock on the following vesting schedule: 7,000 units on September 1, 2018, September 1, 2019, September 1, 2020, and September 1, 2021; and 8,000 units on September 1,
2022, September 1, 2023, September 1, 2024, and September 1, 2025. 

  

	 	(2)	Mr. Driscoll received 26,000 restricted stock units in recognition for his contributions and service in his role as Chief Financial Officer. The restricted stock units vest over four years and are settled in
equivalent amounts of stock on the following vesting schedule: 5,000 units on September 1, 2015; 6,000 units on September 1, 2016; 7,000 units on September 1, 2017; and 8,000 units on September 1, 2018. 


  
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