Document:

Employment Agreement

 Exhibit 10.2 
 EMPLOYMENT AGREEMENT 
 AGREEMENT made and entered into in Merrimack, New Hampshire, by and between PC Connection, Inc. (the
“Company”), a New Hampshire corporation with its principal place of business at Merrimack, New Hampshire, and Timothy McGrath, of 10 Settlers Ridge Road, Windham, New Hampshire 03087 (the “Executive”), effective as of the 12 day
of May, 2008 (the “Effective Date”). 
 WHEREAS, the operations of the Company and its Affiliates are a complex matter requiring
direction and leadership in a variety of areas, including financial, strategic planning, project management and others; 
 WHEREAS, the
Executive is possessed of certain experience and expertise that qualify him to provide the direction and leadership required by the Company and its Affiliates; 
 WHEREAS, the Executive has been employed by the Company as its Executive Vice President since May 2007; and 
 WHEREAS, subject to the terms and conditions hereinafter set forth, the Company wishes to continue to employ the Executive as its Executive Vice President, PC Connection Enterprises, and the Executive wishes to accept such continued
employment; 
 NOW, THEREFORE, in consideration of the foregoing premises and the mutual promises, terms, provisions and conditions set forth
in this Agreement, the parties hereby agree: 
 1. Employment. Subject to the terms and conditions set forth in this Agreement, the
Company hereby offers, and the Executive hereby accepts, continued employment. 
 2. Term. This agreement shall be for at-will
employment, and is thus terminable by either party at any time, with or without cause, subject to the provisions of Section 5 hereof. 
 3. Capacity and Performance. 
 (a) During the term hereof, the Executive shall serve the Company as its Executive Vice
President, reporting to the Chief Executive Officer, or his/her successor. 
 (b) During the term hereof, the Executive shall be employed by
the Company on a full-time basis, and shall perform the duties and responsibilities of his position and such other duties and responsibilities on behalf of the Company and its Affiliates as may reasonably be designated from time to time by the CEO
or by his/her designee. 
  

 (c) During the term hereof, the Executive shall devote his full business time and his best efforts,
business judgment, skill and knowledge exclusively to the advancement of the business and interests of the Company and its Affiliates and to the discharge of his duties and responsibilities hereunder. The Executive shall not engage in any other
business activity or serve in any industry, trade, professional, governmental or academic position during the term of this Agreement, except as may be expressly approved in advance by the Company in writing. 
 4. Compensation and Benefits. As compensation for all services performed by the Executive under and during the term hereof, and subject to
performance of the Executive’s duties and of the obligations of the Executive to the Company and its Affiliates, pursuant to this Agreement or otherwise: 
 (a) Base Salary. During the term hereof, the Company shall pay the Executive a base salary at the rate of Five Hundred Thousand Dollars ($500,000) per annum, payable in accordance with the regular payroll
practices of the Company for its executives and subject to adjustment from time to time by the Company, in its sole discretion. Such base salary, as from time to time adjusted, is hereinafter referred to as the “Base Salary”. 

(b) Incentive and Bonus Compensation. The Executive will be eligible to participate in the Executive Bonus Plan. Any bonus or incentive
compensation paid to the Executive shall be in addition to the Base Salary, and will be payable not later than two and one-half months following the close of the fiscal year for which the bonus was earned. 
 (c) Vacations. During the term hereof, the Executive shall earn vacation at the rate of three (3) weeks per year, to be taken at such times
and intervals as shall be determined by the Executive, subject to the reasonable business needs of the Company. Vacation shall otherwise be governed by applicable policies of the Company, as in effect from time to time. 
 (d) Other Benefits. During the term hereof, the Executive shall be entitled to participate in any and all Employee Benefit Plans from time to time
in effect for employees of the Company generally, except to the extent any such Employee Benefit Plan is in a category of benefit already otherwise provided to the Executive (e.g., a severance pay plan). Such participation shall be subject to
the terms of the governing plan documents and generally applicable Company policies. The Company may alter, modify, add to or terminate its Employee Benefit Plans at any time that it, in its sole judgment, determines to be appropriate, without
recourse by the Executive. For purposes of this Agreement, “Employee Benefit Plan” shall have the meaning ascribed to such term in Section 3(3) of ERISA, as amended from time to time. 
 (e) Business Expenses. The Company shall pay or reimburse the Executive for all reasonable and customary business expenses incurred or paid by the
Executive in the performance of his duties and responsibilities hereunder, subject to any maximum annual limit and other restrictions on such expenses set by the Company and to such reasonable substantiation and documentation as may be specified by
the Company from time to time. 

 5. Termination of Employment and Severance Benefits. The Executive’s employment hereunder may
terminate under the following circumstances: 
 (a) Death. In the event of the Executive’s death during the term hereof, the
Executive’s employment under this Agreement shall immediately and automatically terminate. In such event, the Company shall pay to the Executive’s designated beneficiary or, if no beneficiary has been designated by the Executive in
writing, to his estate, (i) any Base Salary earned but not paid during the final payroll period of the Executive’s employment through the date of termination, (ii) pay for any vacation time earned but not used through the date of
termination, (iii) any bonus compensation awarded for the fiscal year preceding that in which termination occurs, but unpaid as of the date of termination, and (iv) any business expenses incurred by the Executive but un-reimbursed as of
the date of termination, provided that such expenses and required substantiation and documentation are submitted within sixty (60) days of termination and that such expenses are reimbursable under Company policy (all of the foregoing,
“Final Compensation”). The Company shall have no further obligations to the Executive hereunder. 
 (b) Disability.

 (i) The Company may terminate the Executive’s employment hereunder, upon notice to the Executive, in the event that
the Executive becomes disabled during his employment hereunder through any illness, injury, accident or condition of either a physical or psychological nature and, as a result, is unable to perform substantially all of his essential duties and
responsibilities hereunder, notwithstanding the provision of any reasonable accommodation that may be due, for one hundred and eighty (180) days during any period of three hundred and sixty-five (365) consecutive calendar days. In the
event of such termination, the Company shall have no further obligations to the Executive, other than for payment of Final Compensation. 
 (ii) The Company may designate another employee to act in the Executive’s place during any period of the Executive’s disability. Notwithstanding any such designation, the Executive shall continue to receive
the Base Salary in accordance with Section 4(a) and benefits in accordance with Section 4(d), to the extent permitted by the then-current terms of the applicable Employee Benefit Plans, until the Executive becomes eligible for disability
income benefits under the Company’s disability income plan or until the termination of his employment, whichever shall first occur. 
 (iii) While receiving disability income payments under the Company’s disability income plan, the Executive shall not be entitled to receive any Base Salary under Section 4(a) hereof, but shall continue to
participate in Employee Benefit Plans of the Company in accordance with Section 4(d) and the terms of such plans, until the termination of his employment. 
 (iv) If any question shall arise as to whether during any period the Executive is disabled through any illness, injury, accident or
condition of either a physical or psychological nature so as to be unable to perform substantially all of his 

 
essential duties and responsibilities hereunder, the Executive may, and at the request of the Company shall, submit to a medical examination by a physician
selected by the Company to whom the Executive or his duly appointed guardian, if any, has no reasonable objection to determine whether the Executive is so disabled, and such determination shall for purposes of this Agreement be conclusive of the
issue. If any such question shall arise and the Executive shall fail to submit to such medical examination, the Company’s determination of the issue shall be final and binding on the Executive. 
 (c) By the Company for Cause. The Company may terminate the Executive’s employment hereunder for Cause at any time upon written notice to the
Executive setting forth in reasonable detail the nature of such Cause. The following, as determined by the Board in its reasonable judgment, shall constitute Cause for termination: 
 (i) The Executive’s failure to perform (other than by reason of disability), neglect of, or negligence in the performance of, his
duties and responsibilities to the Company or any of its Affiliates; 
 (ii) Material breach by the Executive of any provision
of this Agreement or any other agreement with the Company or any of its Affiliates, or breach of any of the terms of Sections 7, 8 or 9 of this Agreement; 
 (iii) The Executive’s failure to comply with any of the rules, standards, or procedures promulgated by the Company; 
 (iv) Falsification by the Executive of Company records or documents or any other act of dishonesty or moral turpitude committed by the Executive; or 
 (vi) Other conduct by the Executive that could be harmful to the business, interests or reputation of the Company or any of its
Affiliates. 
 Upon the giving of notice of termination of the Executive’s employment hereunder for Cause, the Company shall have no further obligations
to the Executive, other than for Final Compensation. 
 (d) By the Company Other than for Cause. The Company may terminate the
Executive’s employment hereunder other than for Cause at any time upon written notice to the Executive. In the event of such termination during the term hereof, in addition to Final Compensation and provided that no benefits are payable to the
Executive under a separate severance agreement as a result of such termination, for a period of twelve (12) months following the date of termination, or until such time as the Executive secures other employment, whichever is earlier, the
Company shall continue to pay the Executive his Base Salary at the rate in effect on the date of termination. Any obligation of the Company to the Executive hereunder, other than for Final Compensation, shall be expressly conditioned on the
Executive’s execution of a general release of claims in the form attached to this Agreement as Exhibit A (the “Release of Claims”) within twenty-one days following the date the Executive’s employment is terminated 

 
(or such longer period as the Company shall determine it is required by law to permit the Executive to consider the Release of Claims) and upon the Executive
not revoking such Release of Claims thereafter. Severance Pay to which the Executive is entitled hereunder shall be payable in accordance with the normal payroll practices of the Company, with the first payment, which shall be retroactive to the day
immediately following the date the Executive’s employment terminated, being due and payable on the Company’s next regular payday for executives that follows the date the Executive returns a timely and effective Release of Claims. The
Release of Claims required for separation benefits in accordance with Section 5(d) hereof will create legally binding obligations on the part of the Executive, and the Company and its Affiliates therefore advise the Executive to seek the advice
of an attorney before signing it. 
 (e) Timing of Payments. If at the time of the Executive’s separation from service, the
Executive is a “specified employee,” as hereinafter defined, any and all amounts payable under this Section 5 in connection with such separation from service that constitute deferred compensation subject to Section 409A of the
Internal Revenue Code of 1986, as amended (“Section 409A”), as determined by the Company in its sole discretion, and that would (but for this sentence) be payable within six months following such separation from service, shall instead be
paid on the date that follows the date of such separation from service by six (6) months. For purposes of the preceding sentence, “separation from service” shall be determined in a manner consistent with subsection (a)(2)(A)(i) of
Section 409A and the term “specified employee” shall mean an individual determined by the Company to be a specified employee as defined in subsection (a)(2)(B)(i) of Section 409A. 
 6. Effect of Termination. The provisions of this Section 6 shall apply to any termination of employment, whether pursuant to Section 5
or otherwise. 
 (a) Payment by the Company of Final Compensation and of any Base Salary that may be due the Executive under
Section 5(d) shall constitute the entire obligation of the Company to the Executive hereunder. The Executive shall promptly give the Company notice of all facts necessary for the Company to determine the amount and duration of its obligations
in connection with any termination pursuant to Section 5(d) hereof, including without limitation immediate notice of any successor employment he might accept. 
 (b) Except for any right of the Executive to continue medical and dental plan participation in accordance with applicable law, benefits shall terminate pursuant to the terms of the applicable benefit plans based on
the date of termination of the Executive’s employment, without regard to any continuation of Base Salary or other payment to the Executive following such date of termination. 
 (c) Provisions of this Agreement shall survive any termination of employment if so provided herein or if necessary or desirable to accomplish the
purposes of other surviving provisions, including without limitation the obligations of the Executive under Sections 7, 8 and 9 hereof. The obligation of the Company to make payments to or on behalf of the Executive under Section 5(d) hereof,
and the Executive’s right to retain such payments, shall be expressly 

 
conditioned upon the Executive’s continued full performance of his obligations under Sections 7, 8 and 9 hereof. The Executive recognizes that, except
as expressly provided in Section 5(d), no compensation is earned or will be paid after termination of employment. 
 7. Confidential
Information. 
 (a) The Executive acknowledge that some elements of the Company and its Affiliates’ business constitute trade
secrets, are and must remain confidential, and are of great value to the Company, and that unauthorized disclosure of such elements would cause the Company irreparable harm. The Executive further acknowledges that the Company and its Affiliates
continually develop Confidential Information, that the Executive may develop Confidential Information for the Company or its Affiliates, and that the Executive may learn of Confidential Information during the course of his employment. The Executive
will comply with the policies and procedures of the Company and its Affiliates for protecting Confidential Information and trade secrets, and shall not disclose to any Person or use, other than as required by applicable law or for the proper
performance of his duties and responsibilities to the Company and its Affiliates, any Confidential Information or trade secrets obtained by the Executive incident to his employment or other association with the Company or any of its Affiliates. The
Executive understands that this restriction shall continue to apply after his employment terminates, regardless of the reason for such termination. The confidentiality obligation under this Section 7 shall not apply to information which is
generally known or readily available to the public at the time of disclosure or becomes generally known through no wrongful act on the part of the Executive or any other Person having an obligation of confidentiality to the Company or any of its
Affiliates. 
 (b) All documents, memoranda, notes, notebooks, reports, studies, programs, data, drawings, schematics, ideas, discoveries,
records, tapes and other media of every kind and description relating to the business, present or otherwise, of the Company or its Affiliates and any copies, in whole or in part, thereof (the “Documents”), whether or not prepared by the
Executive, shall be the sole and exclusive property of the Company and its Affiliates. The Executive shall safeguard all Documents and shall surrender to the Company at the time his employment terminates, or at such earlier time or times as the
Company may specify, all Documents then in the Executive’s possession or control. 
 8. Assignment of Rights to Intellectual
Property. The Executive understands that all original work created by him in the context of his employment is “work for hire” and is created for the exclusive benefit of the Company. The Executive shall promptly and fully
disclose all Intellectual Property to the Company. The Executive hereby assigns and agrees to assign to the Company (or as otherwise directed by the Company) the Executive’s full right, title and interest in and to all Intellectual Property.
The Executive agrees to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including without limitation the execution and delivery of instruments of further assurance
or confirmation) requested by the Company to assign the Intellectual Property to the Company and to permit the Company to enforce any patents, copyrights or other proprietary rights to the 

 
Intellectual Property. The Executive will not charge the Company for time spent in complying with these obligations. All copyrightable works that the
Executive creates shall be considered “work made for hire” and shall, upon creation, be owned exclusively by the Company. 
 9.
Restricted Activities. The Executive agrees that some restrictions on his activities during and after the termination of his employment are necessary to protect the good will, Confidential Information and other legitimate interests of the
Company and its Affiliates: 
 (a) While the Executive is employed by the Company or any of its Affiliates, and for 24 months after his
employment terminates for whatever reason, the Executive shall not, directly or indirectly, whether as owner, partner, investor, consultant, agent, employee, co-venturer or otherwise, compete with the Company or any of its Affiliates or undertake
any planning for any business competitive with the Company or any of its Affiliates within any geographic area in which Executive has client contact during his employment. Specifically, but without limiting the foregoing, the Executive agrees not to
engage in any manner in any activity that is directly or indirectly competitive or potentially competitive with the business of the Company or any of its Affiliates as conducted or under consideration at any time during the Executive’s
employment, and further agrees not to work for or provide services to, in any capacity, whether as an employee, independent contractor or otherwise, whether with or without compensation, any Person who is engaged in any business that is competitive
with the business of the Company or any of its Affiliates for which the Executive has provided services, as conducted or in planning during his employment. Restricted activity includes, without limitation, engaging in the design, development,
production, marketing or sale of goods or services directly in competition with the Company or engaging in projects substantially similar to those the Executive worked on or was involved with on behalf of the Company. For purposes of this
Section 9, the business of the Company and its Affiliates shall include all Products and the Executive’s undertaking shall encompass all items, products and services that may be used in substitution for Products. The foregoing, however,
shall not prevent the Executive’s passive ownership of two percent (2%) or less of the equity securities of any publicly traded company. 
 (b) The Executive agrees that, during his employment with the Company, he will not undertake any outside activity, whether or not competitive with the business of the Company or its Affiliates, that could reasonably give rise to a conflict
of interest or otherwise interfere with his duties and obligations to the Company or any of its Affiliates. Restricted activity includes, without limitation, owning, managing, operating, controlling, consulting for, aiding or being employed by any
entity that is substantially similar to or directly competitive with any business conducted by the Company or any of its Affiliates, including, but not limited to, any entity that engages in the design, development or production of those particular
projects the Executive works on or is involved with during his employment with the Company. 
 (c) The Executive agrees that, during his
employment and during the 24-month period immediately following termination of his employment, regardless of the reason therefor, the Executive will not directly or indirectly (a) solicit or encourage any customer of the Company or any of its
Affiliates to terminate or diminish its relationship with them; or (b) seek 

 
to persuade any such customer of the Company or any of its Affiliates to conduct with anyone else any business or activity which such customer conducts or
could conduct with the Company or any of its Affiliates; provided that these restrictions shall apply (y) only if the Executive has performed work for such Person during his employment with the Company or one of its Affiliates, or been
introduced to, or otherwise had contact with, such Person as a result of his employment or other associations with the Company or one of its Affiliates or has had access to Confidential Information which would assist in the Executive’s
solicitation of such Person. 
 (d) The Executive agrees that, during his employment and for the 24-month period immediately following
termination of his employment, regardless of the reason therefor, the Executive will not, and will not assist any other Person to, (a) hire or solicit for hiring any employee of the Company or any of its Affiliates or seek to persuade any
employee of the Company or any of its Affiliates to discontinue employment or (b) solicit or encourage any independent contractor providing services to the Company or any of its Affiliates to terminate or diminish its relationship with them.
For purposes of this Agreement, an “employee” of the Company or any of its Affiliates is any person who was such at any time within the preceding two years. 
 10. Notification Requirement. During the 24-month period following termination of his employment, the Executive shall give notice to the Company of each new business activity he plans to undertake, at least
thirty (30) days prior to beginning any such activity. Such notice shall state the name and address of the Person for whom such activity is undertaken and the nature of the Executive’s business relationship(s) and position(s) with such
Person. The Executive shall provide the Company with such other pertinent information concerning such business activity as the Company may reasonably request in order to determine the Executive’s continued compliance with his obligations under
Sections 7, 8 and 9 hereof. 
 11. Enforcement of Covenants. The Executive acknowledges that he has carefully read and considered all
the terms and conditions of this Agreement, including the restraints imposed upon him pursuant to Sections 7, 8 and 9 hereof. The Executive agrees without reservation that each of the restraints contained herein is necessary for the reasonable and
proper protection of the good will, Confidential Information and other legitimate business interests of the Company and its Affiliates; that each and every one of those restraints is reasonable in respect to subject matter, length of time and
geographic area; and that these restraints, individually or in the aggregate, will not prevent him from obtaining other suitable employment during the period in which the Executive is bound by these restraints. The Executive further agrees that he
will never assert, or permit to be asserted on his behalf, in any forum, any position contrary to the foregoing. The Executive further acknowledges that, were he to breach any of the covenants contained in Sections 7, 8 or 9 hereof, the damage to
the Company would be irreparable. The Executive therefore agrees that the Company, in addition to any other remedies available to it, shall be entitled to preliminary and permanent injunctive relief against any breach or threatened breach by the
Executive of any of said covenants, without having to post bond, and will additionally be entitled to an award of attorneys’ fees incurred in connection with securing any of its rights under this Section 11. The Executive also agrees that
the period of restriction in 

 
Sections 9(a), (c) and (d) hereof shall be tolled and shall not run during any period when the Executive is in violation thereof. The parties
further agree that, in the event that any provision of Section 7, 8 or 9 hereof shall be determined by any court of competent jurisdiction to be unenforceable by reason of its being extended over too great a time, too large a geographic area or
too great a range of activities, such provision shall be deemed to be modified to permit its enforcement to the maximum extent permitted by law. It is also agreed that each of the Company’s Affiliates shall have the right to enforce all of the
Executive’s obligations to that Affiliate under the Agreement, including without limitation pursuant to Sections 7, 8 and 9 hereof. 
 12. Conflicting Agreements. The Executive hereby represents and warrants that the execution of this Agreement and the performance of his obligations hereunder will not breach or be in conflict with any other agreement to which the
Executive is a party or is bound, and that the Executive is not now subject to any covenants against competition or similar covenants or any court orders or other legal obligations that would affect the performance of his obligations hereunder. The
Executive will not disclose to or use on behalf of the Company any proprietary information of a third party without such party’s consent. 
 13. Definitions. Words or phrases which are initially capitalized or are within quotation marks shall have the meanings provided in this Section or as provided elsewhere herein. For purposes of this Agreement, the following
definitions apply: 
 (a) “Affiliates” means all persons and entities directly or indirectly controlling, controlled by or under
common control with the Company, where control may be by management authority, contract or equity interest. 
 (b) “Confidential
Information” means any and all information of the Company and its Affiliates that is not generally known by those with whom the Company or any of its Affiliates competes or does business, or with whom the Company or any of its Affiliates plans
to compete or do business, and any and all information, publicly known in whole or in part or not, which, if disclosed by the Company or any of its Affiliates, would assist in competition against them. Confidential Information includes without
limitation such information relating to (i) the development, research, testing, expansion, diversification, financing, sales, manufacturing, marketing and financial activities of the Company and its Affiliates, (ii) the Products,
(iii) the costs, sources of supply, financial performance and strategic plans of the Company and its Affiliates, (iv) the identity and special needs of the customers of the Company and its Affiliates, and (v) the people and
organizations with whom the Company and its Affiliates have business relationships and the nature and substance of those relationships. Confidential Information also includes any information that the Company or any of its Affiliates has received, or
may receive hereafter, belonging to customers or others with any understanding, express or implied, that the information would not be disclosed. 
 (c) “Intellectual Property” means inventions, discoveries, developments, methods, processes, compositions, works, concepts and ideas (whether or not patentable or copyrightable or constituting trade secrets) conceived, made,
created, developed or reduced to 

 
practice by the Executive (whether alone or with others, whether or not during normal business hours or on or off Company premises) during the
Executive’s employment and during the period of six (6) months immediately following termination of his employment that relate to either the Products or any prospective activity of the Company or any of its Affiliates or that makes use of
Confidential Information or any of the equipment or facilities of the Company or any of its Affiliates. 
 (d) “Person” means an
individual, a corporation, a limited liability company, an association, a partnership, an estate, a trust and any other entity or organization, other than the Company or any of its Affiliates. 
 (e) “Products” mean all products planned, researched, developed, tested, manufactured, sold, licensed, leased or otherwise distributed or put
into use by the Company or any of its Affiliates, together with all services provided or planned by the Company or any of its Affiliates, during the Executive’s employment. 
 15. Withholding. All payments made by the Company under this Agreement shall be reduced by any tax or other amounts required to be withheld by the
Company under applicable law. 
 16. Assignment. Neither the Company nor the Executive may make any assignment of this Agreement or
any interest herein, by operation of law or otherwise, without the prior written consent of the other; provided, however, that the Company may assign its rights and obligations under this Agreement without the consent of the Executive in the event
that the Executive is transferred to a position with any of the Affiliates or in the event that the Company shall hereafter effect a reorganization, consolidate with, or merge into, any Person or transfer all or substantially all of its properties
or assets to any Person. This Agreement shall inure to the benefit of and be binding upon the Company and the Executive, their respective successors, executors, administrators, heirs and permitted assigns. 
 17. Severability. If any portion or provision of this Agreement shall to any extent be declared illegal or unenforceable by a court of competent
jurisdiction, then the remainder of this Agreement, or the application of such portion or provision in circumstances other than those as to which it is so declared illegal or unenforceable, shall not be affected thereby, and each portion and
provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. It is agreed and understood that no claimed breach of this Agreement by the Company, and no claimed violation of law, shall excuse the Executive from
his performance obligations under Sections 7, 8 and 9 hereof. 
 24. Waiver. No waiver of any provision hereof shall be effective
unless made in writing and signed by the waiving party. The failure of either party to require the performance of any term or obligation of this Agreement, or the waiver by either party of any breach of this Agreement, shall not prevent any
subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach. 

 19. Notices. Any and all notices, requests, demands and other communications provided for by this
Agreement shall be in writing and shall be effective when delivered in person, consigned to a reputable national courier service or deposited in the United States mail, postage prepaid, registered or certified, and addressed to the Executive at his
last known address on the books of the Company or, in the case of the Company, at its principal place of business, attention of the Chief Executive Officer, or to such other address as either party may specify by notice to the other actually
received. 
 20. Entire Agreement. This Agreement constitutes the entire agreement between the parties and supersedes all prior
communications, agreements and understandings, written or oral, with respect to the terms and conditions of the Executive’s employment. 
 21. Amendment. This Agreement may be amended or modified only by a written instrument signed by the Executive and by an expressly authorized representative of the Company. 
 22. Headings. The headings and captions in this Agreement are for convenience only, and in no way define or describe the scope or content of any
provision of this Agreement. 
 23. Counterparts. This Agreement may be executed in counterparts, each of which shall be an original
and both of which together shall constitute one and the same instrument. 
 24. Governing Law/Forum Selection. This is a New Hampshire
contract and shall be construed, enforced under and be governed in all respects by the laws of the State of New Hampshire, without regard to the conflict of laws principles thereof. All disputes in any way related to the Executive’s employment
hereunder shall be resolved exclusively in the state or federal courts of the State of New Hampshire, to whose jurisdiction each party irrevocably consents. 
 IN WITNESS WHEREOF, this Agreement has been executed as a sealed instrument by the Company, by its duly authorized representative, and by the Executive, as of the date first above written. 
  

							
	THE EXECUTIVE:	 		 	THE COMPANY
				
	 /s/ Timothy McGrath
	 		 	By:	 	 /s/ Patricia Gallup

		 		 	Title:	 	Chief Executive Officer

 EXHIBIT A 
 RELEASE OF CLAIMS 
 FOR AND IN CONSIDERATION OF the benefits to be provided me in connection with the
termination of my employment, as set forth in the agreement between me and PC Connection, Inc. (the “Company”) dated as of [INSERT DATE OF AGREEMENT] (the “Agreement”), which are conditioned on my signing this Release of
Claims and to which I am not otherwise entitled, I, on my own behalf and on behalf of my heirs, executors, administrators, beneficiaries, representatives and assigns, and all others connected with or claiming through me, hereby release and forever
discharge the Company, its subsidiaries and other affiliates and all of their respective past, present and future officers, directors, trustees, shareholders, employees, employee benefit plans, agents, general and limited partners, members,
managers, joint venturers, representatives, successors and assigns, and all others connected with any of them, both individually and in their official capacities, from any and all causes of action, rights or claims of any type or description, known
or unknown, which I have had in the past, now have, or might now have, through the date of my signing of this Release of Claims, in any way resulting from, arising out of or connected with my employment by the Company or any of its subsidiaries or
other affiliates or the termination of that employment, or pursuant to any federal, state or local law, regulation or other requirement (including without limitation Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment
Act, the Americans with Disabilities Act, and the fair employment practices laws of the state or states in which I have been employed by the Company or any of its subsidiaries or other affiliates, each as amended from time to time). 
 Excluded from the scope of this Release of Claims is (i) any claim arising under the terms of the Agreement after the effective date of this Release of Claims and
(ii) any right of indemnification or contribution that I have pursuant to the Articles of Incorporation or By-Laws of the Company or any of its subsidiaries or other affiliates. 
 In signing this Release of Claims, I acknowledge my understanding that I may not sign it prior to the termination of my employment, but that I may consider the terms of this Release of Claims for up to twenty-one
(21) days (or such longer period as the Company may specify) from the later of the date my employment with the Company terminates or the date I receive this Release of Claims. I also acknowledge that I am advised by the Company and its
subsidiaries and other affiliates to seek the advice of an attorney prior to signing this Release of Claims; that I have had sufficient time to consider this Release of Claims and to consult with an attorney, if I wished to do so, or to consult with
any other person of my choosing before signing; and that I am signing this Release of Claims voluntarily and with a full understanding of its terms. 
 I
further acknowledge that, in signing this Release of Claims, I have not relied on any promises or representations, express or implied, that are not set forth expressly in the Agreement. I understand that I may revoke this Release of Claims at any
time within seven (7) days of the date of my signing by written notice to the Chief Executive Officer of the Company, and that this Release of Claims will take effect only upon the expiration of such seven-day revocation period and only if I
have not timely revoked it. 

 Intending to be legally bound, I have signed this Release of Claims under seal as of the date written below. 

 

					
	 Signature:
	 	  
	 	
			
	 Name (please print):
	 	  
	 	
			
	 Date Signed:Amended and Restated Employment Agreement

 EXHIBIT 10.1 
 AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
 This AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the
“Agreement”) is effective as of May 7, 2008 by and between RADYNE CORPORATION, a Delaware corporation (the “Company”) and CARL MYRON WAGNER, an individual (“Executive”). 
 RECITALS 
 WHEREAS, the Company and Executive
entered into an Employment Agreement, effective as of January 30, 2006 (the “Original Agreement”), pursuant to which Executive has been employed by the Company as its Chief Executive Officer, and entered into Amendment
No. 1 to the Original Agreement as of November 5, 2007 (together with the Original Agreement, the “Amended Original Agreement”); 
 WHEREAS, the Company desires to continue to employ Executive as its Chief Executive Officer in the manner hereinafter specified and to make provision for payment of reasonable compensation to the Executive for such
services; 
 WHEREAS, the Executive desires to provide services to the Company, in accordance with the terms, conditions hereinafter set
forth; and 
 WHEREAS, the parties desire to amend and restate the Amended Original Agreement as of the date hereof to set forth the terms
and conditions of the employment relationship of the Executive during the Term (as set forth in Section 2 hereof). 
 NOW
THEREFORE, in consideration of the covenants and mutual agreements set forth herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and in reliance upon the representations, covenants and
mutual agreements contained herein, the Company and Executive agree as follows: 
 1. Employment. 
 A. Subject to the terms and conditions of the Original Agreement, the Company employed Executive as President and Chief Operating Officer of the Company.
Upon the retirement of Robert Fitting, the Company’s then current Chief Executive Officer, the Board of Directors of the Company (the “Board”) appointed Executive to the position of Chief Executive Officer of the Company.
Subject to the terms and conditions of this Agreement, the Company agrees to continue to employ Executive as its Chief Executive Officer. Executive hereby agrees to diligently perform the duties associated with such position. As Chief Executive
Officer, Executive will report directly to the Board. Executive will devote substantially all of his business time, attention and energies to the business of the Company and will comply with the charters, policies and guidelines established by the
Company from time to time applicable to members of its Board and its senior management executives. 
 B. In addition to the financial results
of the Company, Executive’s performance evaluations will be based on meeting or exceeding performance objectives in such areas including, but not limited to: operational performance and improvements, strategic leadership, human resource
development and succession planning, enterprise guardianship, and communications with employees, stockholders and the Board. 
  

 -1- 

 2. Term. Executive will be employed under this Agreement until January 30, 2009 (the
“TERM”) unless Executive’s employment is terminated earlier pursuant to Section 7 hereof. 
 3. Director
Status. The Company shall use commercially reasonable efforts, subject to applicable law and regulations of the NASDAQ Stock Market (“NASDAQ”), to cause Executive to be nominated for election as a member of the Board and to
be recommended to the stockholders for election as a member of the Board. Upon any termination of employment as Chief Executive Officer, Executive will be deemed to have resigned from the Board, unless within 30 days thereof a majority of the
independent directors of the Board (as defined by the rules of NASDAQ) vote to enable Executive to continue on the Board through the balance of his term. For so long as Executive is Chief Executive Officer, Executive shall not serve on the board of
directors of more than one other public company. Any such directorship is subject to the prior approval of the Board. 
 4. Base
Salary. The Company will pay Executive a base salary at the annual rate of $350,000 per year. Executive’s base salary may be raised, but not lowered, without Executive’s consent. 
 5. Incentive Compensation. 
 A.
Bonus. Pursuant to the Original Agreement, the Company granted Executive a signing bonus of $160,000, payable on the first pay period after the effective date of the Original Agreement. Executive will be entitled to incentive compensation in
accordance with and based on the achievement of certain performance targets pursuant to the plan specified in Exhibit A hereto. 
 B. Stock. Pursuant to the Original Agreement, the Company granted Executive ten thousand (10,000) shares of restricted common stock of the Company pursuant to the 2000 Long-Term Incentive Stock Options Plan. These ten thousand
(10,000) shares shall vest immediately upon the date of grant. Upon appointment to the position of Chief Executive Officer, the Company granted Executive an additional ten thousand (10,000) shares of restricted common stock of the Company
pursuant to the 2000 Long-Term Incentive Stock Options Plan and, on the anniversary of Executive’s appointment to the position of Chief Executive Officer, the Company granted Executive an additional ten thousand (10,000) shares of
restricted common stock of the Company. These shares of restricted common stock shall vest in two equal installments, 5,000 shares immediately on the date of grant and 5,000 shares on the anniversary of the date of grant for the next year, provided,
that, Executive remains employed with the Company. 
 C. Options. Pursuant to
the Original Agreement, the Company granted Executive options to acquire seventy-five thousand (75,000) shares of common stock (the “Option”), with a per share exercise price equal to the fair market value of the per share
price of the common stock on the date of grant as defined in the plan under which the Option is granted. The Option shall vest and be fully exercisable in three equal installments (at a rate of one-third ( 1/3) of the number of shares first subject to the Option per installment) 

  

 -2- 

 
immediately upon the date of grant and on each anniversary of the date of grant for the next two years, provided, that, Executive remains
employed with the Company. Additional option grants, if any, shall be based on performance reviews of Executive as determined by the Board. The Option is intended to be treated as an “incentive stock option” to the maximum extent permitted
under the Internal Revenue Code of 1986, as amended (the “Code”). The Option shall be subject to the terms and conditions of the plan under which the Option is granted to the extent the terms and conditions are not addressed herein.

 6. Executive Benefits. 
 A. During the Term of this Agreement, Executive will be entitled to reimbursement of reasonable and customary business expenses consistent with the then current senior management reimbursement policies of the
Company. Any reimbursement Executive is entitled to receive pursuant to this Section 6A shall (i) be paid no later than the last day of Executive’s taxable year following the taxable year in which the expense was incurred,
(ii) not be affected by the amount of expenses eligible for reimbursement or payment in any other taxable year and (iii) not be subject to liquidation or exchange for another benefit. 
 B. The Company will provide to Executive such fringe benefits and other executive benefits as are regularly provided by the Company to its senior
management; provided, however, that nothing herein shall preclude the Company from amending or terminating any general employee or executive benefit plans or programs. In addition, the Company shall provide Executive with three weeks
paid vacation per year (which may not be carried over or paid if not used). 
 7. Termination. 
 A. Voluntary Resignation for Good Reason by Executive or Termination Without Cause. If Executive voluntarily terminates his employment with the
Company for Good Reason, or if the Company terminates Executive without Cause, then, subject to Sections 7F and 17 hereof: 
  

	 	(i)	the Company will be obligated to continue to pay Executive an amount equal to one (1) times Executive’s annual base salary at the rate in effect on the date of such
termination of employment, with such amount to be paid (subject to Section 7F) in equal installments over a period of twelve (12) months in accordance with the Company’s normal payroll schedule as in effect on the date of termination
of employment, commencing with the first payroll date occurring at least thirty (30) days following the date of such termination of employment, and the Company and Executive agree that for purposes of Section 409A of the Code, the payments
pursuant to this Section shall be treated as a right to a series of separate payments; 

  

	 	(ii)	the Company will be obligated to pay any bonus due Executive, for the year of termination, within 30 days of the date of determination of the bonus, but in any event no later than
the fifteenth (15th) day of the third month following the later of the end of the calendar year in which the performance period ended or the end of the Company’s taxable year in which the performance period ended; 

 

 -3- 

	 	(iii)	the Company shall reimburse Executive for COBRA premiums for the period of time that the Company is required to offer him COBRA coverage as a matter of law, but in no event more
than eighteen (18) months; and 

  

	 	(iv)	the Option and any other options granted to Executive, to the extent unvested, shall accelerate and become fully vested and exercisable, and remain in effect as provided in the
applicable plan or agreement, and the restrictions on any restricted stock shall deem to have lapsed. 

 B. Termination upon
Death or Disability. If Executive’s employment is terminated as a result of Executive’s death or Disability, then, subject to Sections 7F and 17 hereof except with respect to subsection (i) below, the Company will be obligated to
pay to Executive, his family, his heirs or personal representative: 
  

	 	(i)	Executive’s then current salary through the date of termination; 

  

	 	(ii)	a pro-rated amount of Executive’s bonus for the year of termination, payable within 30 days of the date of the determination thereof, but in any event no later than the
fifteenth (15th) day of the third month following the later of the end of the calendar year in which the performance period ended or the end of the Company’s taxable year in which the performance period ended; 

  

	 	(iii)	Executive’s COBRA premiums for the period of time that the Company is required to offer him COBRA coverage as a matter of law, but in no event more than eighteen
(18) months; 

  

	 	(iv)	options (including the Option) and restricted stock will be dealt with in accordance with the applicable plan and grant; and 

  

	 	(v)	an amount equal to two (2) times Executive’s annual base salary at the rate in effect on the date of such termination of employment, with such amount to be paid (subject
to Section 7F) in equal installments over a period of twelve (12) months in accordance with the Company’s normal payroll schedule as in effect on the date of termination of employment, commencing with the first payroll date occurring
at least thirty (30) days following the date of such termination of employment, and the Company and Executive agree that for purposes of Section 409A of the Code, the payments pursuant to this Section shall be treated as a right to a
series of separate payments; 

 provided, however, that the amounts due under subsection B(v) shall be reduced by any benefit paid to
Executive or his family under the Company’s Accidental Death and Disability policies. 
  

 -4- 

 C. Voluntary Termination (Without Good Reason) or Termination for Cause by the Company.

  

	 	(i)	If the Executive resigns without Good Reason, or if the Company discharges Executive for Cause, then the Company will be obligated to pay Executive’s base salary through the
date of termination. No bonus shall be payable. The Option, and any other options granted to Executive, shall terminate as provided in the applicable plan or agreement, and any unvested restricted stock shall be returned to the Company at no cost to
it. 

  

	 	(ii)	Upon voluntary termination without Good Reason by Executive, or a termination for Cause by the Company, the provisions of Section 8 (Covenant Not to Compete) shall
automatically become applicable for a period of one (1) year, without any further payment due Executive. Executive acknowledges and agrees that the compensation herein is adequate consideration for such covenants. 

 D. Change of Control. In the event of a Change of Control, Executive will be entitled to receive the following, subject to Sections 7F and 17
hereof: 
  

	 	(i)	immediately prior to the effective date of a Change of Control, all stock options granted to Executive and not otherwise vested shall vest and become exercisable by Executive for a
minimum of ninety (90) days (or, if less, the remaining term of the options thereof) and all restrictions on any restricted stock shall deem to have lapsed; 

  

	 	(ii)	in the event of Executive’s termination of employment upon or following a Change of Control, the Company will pay for COBRA benefits for Executive for the period that the
Company is required to offer COBRA coverage as a matter of law, but in no event more than eighteen (18) months; 

  

	 	(iii)	in the event of Executive’s termination of employment upon or following a Change of Control, the Company shall pay the Executive an amount equal to two (2) times
Executive’s annual base salary at the rate in effect on the date of such termination of employment, with such amount to be paid (subject to Section 7F) in a lump sum within 90 days following the date of such termination of employment; and

  

	 	(iv)	 upon such Change of Control, funds sufficient to satisfy the obligations of the Company under subsections (ii) and (iii) above shall be deposited into a
“rabbi trust” (the “Trust”) established with a major financial institution as trustee and shall be paid to Executive in accordance with this Agreement (including in compliance with Section 7F hereof) upon
Executive’s written notice to the trustee that the Executive’s employment with the Company has terminated and that Executive has experienced a “separation from service,” as defined in Section 7F. Any Trust so established
shall be irrevocable. The Trust is intended to be a grantor trust, of which the Company is the grantor, within the meaning of subpart E, part I, subchapter J, chapter 1, subtitle A of the Code, and shall be construed accordingly. The assets of the
Trust shall 

  

 -5- 

	 	 
be held separate and apart from other funds of the Company and shall be used exclusively for the uses and purposes of Executive as herein set forth, subject
to the claims of the Company’s general creditors under federal and state law in the event of the insolvency of the Company. Executive and his beneficiaries shall have no preferred claim on, or any beneficial ownership interest in the assets of
the Trust. Any rights created under this Agreement and the Trust shall be mere unsecured contractual rights of Executive and his or her beneficiaries against the Company. 

 E. Definitions. For purposes of this Agreement: 
  

	 	(i)	“Cause” shall mean, in the reasonable judgment of the Board, termination of the Executive for (a) material breach of this Agreement; (b) failure to follow
any reasonable and lawful direction of the Board; (c) material violation of any reasonable rule or regulation established by the Company from time to time regarding conduct of its business; (d) engaging in any act of dishonesty with
respect to the Company or any criminal conduct (whether related to or not related to Executive’s employment); or (e) failure to perform his duties satisfactorily; 

  

	 	(ii)	“Change of Control” means any of the following: (a) any merger of the Company in which the Company is not the continuing or surviving entity, or pursuant to
which Stock would be converted into cash, securities, or other property, other than a merger of the Company in which the holders of the Company’s common stock immediately prior to the merger have the same proportionate ownership of beneficial
interest of common stock or other voting securities of the surviving entity immediately after the merger; (b) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of assets or earning power
aggregating more than 50% of the assets or earning power of the Company and its subsidiaries (taken as a whole), other than pursuant to a sale-leaseback, structured finance or other form of financing transaction; (c) the shareholders of the
Company approve any plan or proposal for liquidation or dissolution of the Company; (d) any person (as such term is used in Section 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended), other than any current shareholder
of the Company or affiliate thereof or any employee benefit plan of the Company or any subsidiary of the Company or any entity holding shares of common stock of the Company for or pursuant to the terms of any such employee benefit plan in its role
as an agent or trustee for such plan, shall become the beneficial owner (within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as amended) of 50% or more of the Company’s outstanding common stock; or (e) if during any
two-year period, individuals who at the beginning of such period constituted a majority of the Board do not constitute a majority of the Board at the end of such period, excluding, for purposes of calculating such majority, any new director(s)
approved by a vote of at least two-thirds of the directors who were directors at the beginning of such period; 

  

 -6- 

	 	(iii)	“Disability” shall mean a disability, reasonably diagnosed by a reputable medical doctor approved by the Company, that results in Executive being medically unable
to fulfill his duties under this Agreement for three consecutive months or six months in any twelve month period; and 

  

	 	(iv)	“Good Reason” shall mean the occurrence of one or more of the following circumstances, provided that (1) Executive informs the Company in writing within 30
days following its initial occurrence that one or more of such circumstances has occurred, (2) such circumstance(s) has not been cured within 30 days after such written notice is delivered to the Company and (3) Executive resigns from
employment with the Company no later that six months after the first occurrence of such circumstance(s): (a) if the Company assigns to Executive duties that constitute a material reduction of powers or functions associated with,
Executive’s position, duties, or responsibilities with the Company, or that constitute a material adverse change in Executive’s authority, reporting responsibilities, or in conditions of Executive’s employment; (b) if
Executive’s base salary is reduced or the potential incentive compensation (or bonus) to which Executive may become entitled to at any level of performance by Executive or the Company is reduced; (c) any termination by the Company of
Executive’s employment for grounds other than for “Cause;” or (d) if Executive is required to relocate to an employment location that is more than fifty (50) miles from Phoenix, Arizona. 

 F. Compliance with Section 409A. Notwithstanding anything set forth herein to the contrary, no amount payable pursuant to this Agreement on
account of Executive’s termination of employment with the Company which constitutes a “deferral of compensation” within the meaning of the Treasury Regulations issued pursuant to Section 409A of the Code (the “Section
409A Regulations”) shall be paid unless and until Executive has incurred a “separation from service” within the meaning of the Section 409A Regulations. Furthermore, to the extent that Executive is a “specified
employee” within the meaning of the Section 409A Regulations as of the date of Executive’s separation from service, no amount that constitutes a deferral of compensation which is payable on account of Executive’s separation from
service shall be paid to Executive before the date (the “Delayed Payment Date”) which is first day of the seventh month after the date of Executive’s separation from service or, if earlier, the date of Executive’s death
following such separation from service. All such amounts that would, but for this Section, become payable prior to the Delayed Payment Date will be accumulated and paid on the Delayed Payment Date. 
 8. Covenant Not To Compete. In consideration of Executive’s employment, Executive agrees to the restrictive covenants set forth below:

 A. For the longer of one (1) year from any termination of Executive’s employment or the period during which (or relating to which
if paid in a lump sum or installments that exceed regular salary payments) Executive is being paid severance, Change of Control, or similar benefits (or, if later, upon conclusion of any service as a consultant), Executive shall not, directly or
indirectly, for his own benefit or for, with or through any other individual, firm, corporation, partnership or other entity, whether acting in an individual, fiduciary or other capacity, own, manage, operate, control, advise, invest in (except as a
1% or less shareholder of a public 

  

 -7- 

 
company), loan money to, or participate or assist in the ownership, management, operation or control of or be associated as a director, officer, employee,
partner, consultant, advisor, creditor, agent, independent contractor or otherwise with, or acquiesce in the use of his name by, any business enterprise that is in direct competition with the Company or any subsidiary within the United States of
America or any other country that the Company conducts business at the time of Executive’s termination. 
 B. In addition to the
foregoing, at all times during the period of Executive’s employment and for the longer of one (1) year from any termination thereof (or, if later, upon conclusion of any service as a consultant) or the period during which (or relating to
which if paid in a lump sum or installments that exceed regular salary payments) Executive is being paid severance, Change of Control, or similar benefits (or, if later, upon conclusion of any service as a consultant), Executive will not, directly
or indirectly (as described above), for his benefit or for, with or through any business, hire, employ, solicit, or otherwise encourage or entice any of the Company’s (or subsidiary’s) employees or consultants to leave or terminate their
employment with the Company and any customers or suppliers or prospective customers or suppliers to alter their relationship with the Company. 
 9. Non-Disclosure of Confidential Information. 
 A. It is understood that in the course of Executive’s employment
with the Company, Executive will become acquainted with Company Confidential Information (as defined below). Executive recognizes that Company Confidential Information has been developed or acquired at great expense, is proprietary to the Company,
and is and shall remain the exclusive property of the Company. Accordingly, Executive agrees that he will not, disclose to others, copy, make any use of, or remove from Company’s premises any Company Confidential Information, except as
Executive’s duties may specifically require, without the express written consent of the Board, during Executive’s employment with the Company and thereafter until such time as Company Confidential Information becomes generally known, or
readily ascertainable by proper means by persons unrelated to the Company. 
 B. Upon any termination of employment, Executive shall promptly
deliver to the Company the originals and all copies of any and all materials, documents, notes, manuals, or lists containing or embodying Company Confidential Information, or relating directly or indirectly to the business of the Company, in the
possession or control of Executive. 
 C. “Company Confidential Information” shall mean confidential, proprietary
information or trade secrets of Company and its subsidiaries and affiliates including without limitation the following: (1) customer lists and customer information as compiled by Company; (2) Company’s internal practices and
procedures; (3) internal Company financial information; (4) information relating to strategic planning, manufacturing, engineering, purchasing, finance, marketing, promotion, distribution, and selling activities; and (5) all other
information which is treated by Company as confidential, include all information having independent economic value to Company that is not generally known to, and not readily ascertainable by proper means by, persons who can obtain economic value
from its disclosure or use. Notwithstanding the foregoing provisions, the following shall not be considered “Company Confidential 

  

 -8- 

 
Information”: (i) the general skills of the Executive as an experienced entrepreneur and senior management level employee; (ii) information
generally known by senior management executives within the industry in which the Company operates; (iii) persons, entities, contacts or relationships of Executive that are also generally known in the industry; and (iv) information which
becomes available on a non-confidential basis from a source other than Executive which source is not prohibited from disclosing such confidential information by legal, contractual or other obligation. 
 10. Enforcement. 
 A. Executive
hereby agrees that the periods of time provided for in Sections 8 and 9 and other provisions and restrictions set forth herein are reasonable and necessary to protect the Company and its successors and assigns in the use and
employment of the goodwill of the business conducted by Executive. Executive further agrees that damages cannot compensate the Company in the event of a violation of Section 8 or 9 and that, if such violation should occur,
injunctive relief shall be essential for the protection of the Company and its successors and assigns. Accordingly, Executive hereby covenants and agrees that, in the event any of the provisions of Section 8 or 9 shall be violated
or breached, the Company shall be entitled to equitable relief in the form of specific performance, a temporary restraining order, a temporary or permanent injunction, or any other equitable remedy that may then be available against the party or
parties violating such covenants, without bond but upon due notice, in addition to such further or other relief as may be available at equity or law. Obtainment of such an injunction by the Company shall not be considered an election of remedies or
a waiver of any right to assert any other remedies which the Company has at law or in equity. No waiver of any breach or violation hereof shall be implied from forbearance or failure by the Company to take action thereof. The prevailing party in any
litigation, arbitration or similar dispute resolution proceeding to enforce this provision will recover any and all reasonable costs and expenses, including attorneys’ fees. 
 B. Executive and the Company consider the restrictions contained in Section 8 to be reasonable for the purpose of preserving the
Company’s proprietary rights and interests. If a court issues an order or makes a final judicial determination that any such restrictions are unreasonable or otherwise unenforceable against Executive, Executive and the Company hereby authorize
such court to amend this Agreement so as to produce the broadest, legally enforceable agreement, and for this purpose the restrictions on time period, geographical area and scope of activities set forth in Section 8 above are divisible;
if the court refuses to do so, then these restrictions shall be blue-penciled and enforced as follows: 
  

	 	 (i)
	 the time period contained in Section 8(A) shall be reduced by one quarter ( 1
/4), or if such reduced time period is not sufficient in the determination of the court issuing such decision or order, the time period contained in
Section 8(A) shall be reduced by half ( 1/2), or if such reduced time period is not sufficient in the determination
of the court issuing such decision or order, the time period contained in Section 8(A) shall be reduced by three quarters ( 3/4); 

  

 -9- 

	 	(ii)	the geographic restriction in Section 8(B) shall be enforced for the metropolitan areas in which the Company manufactures or has manufactured or sells its product
through direct sales channels. 

 C. For purposes of Sections 8 and 9, the term “Company”
includes Radyne Corporation and its subsidiaries and affiliates. For purposes hereunder, an affiliate shall be deemed to be any corporation or other business entity in which the Company or its subsidiaries owns a controlling interest. 
 11. Severability. Each provision in this Agreement shall be treated as a separate and independent clause, and the enforceability of any one
clause shall in no way impair the enforceability of any of the other clauses in this Agreement. 
 12. Assignment by Company.
Nothing in this Agreement shall preclude the Company from consolidating or merging into or with, or transferring all or substantially all of its assets to, another corporation or entity that assumes this Agreement and all obligations and
undertakings hereunder. Upon such consolidation, merger or transfer of assets and assumption, the term “Company” as used herein shall mean such other corporation or entity, as appropriate, and this Agreement shall continue in full force
and effect. 
 13. Entire Agreement. This Agreement and any agreements concerning stock options or other benefits, embody the
complete and final agreement of the parties hereto with respect to the subject matter hereof and supersede any prior written, or prior or contemporaneous oral, understandings or agreements between the parties that may have related in any way to the
subject matter hereof. This Agreement may be amended only in writing executed by the Company and Executive. 
 14. Governing Law.
This Agreement and all questions relating to its validity, interpretation, performance and enforcement, shall be governed by and construed in accordance with the internal laws, and not the law of conflicts, of the State of Arizona. 

15. Notice. Any notice required or permitted under this Agreement must be in writing and will be deemed to have been given when
delivered personally or by overnight courier service or three days after being sent by mail, postage prepaid, at the address indicated below or to such changed address as such person may subsequently give such notice of: 
  

			
	if to Parent or Company:	  	Radyne Corporation
		  	3138 E. Elwood
		  	Phoenix, AZ 85034 8501
		  	Attention: Chief Financial Officer
		
	with a copy to:	  	DLA Piper US LLP
		  	2415 East Camelback Road
		  	Suite 700
		  	Phoenix, AZ 85016-4245
		  	Phone: 480.606.5100
		  	Fax: 480.606.5101
		  	Attn: Steven D. Pidgeon, Esq.

  

 -10- 

			
	if to Executive:	  	Carl Myron Wagner
		  	16609 E. Elgin Street
		  	Gilbert, Arizona 85295
		  	Phone: (480) 988-9764
		  	Fax: (480) 988-2378

 16. Dispute Resolution. 
 A. Any dispute, controversy, or claim, whether contractual or neutral, between the parties hereto arising out of or relating to this Agreement, including
the breach or alleged breach of any representation, warranty, agreement, covenant under this Agreement, termination, or validation thereof, or the statutory rights or obligations of either party hereto, shall, if not settled by negotiation, be
subject to non-binding mediation before an independent mediator selected by the parties pursuant to Section 16(C) below. Any demand for mediation shall be made in writing served upon the other party to the dispute, by certified mail,
return receipt requested, at the address set forth herein. The demand shall set forth with reasonable specificity the basis of the dispute and the relief sought. The mediation learning will occur at a time and place convenient to the parties in
Maricopa County, Arizona, within thirty (30) days of the date of selection or appointment of the mediator and shall be governed by the National Rules for the Resolution of Employment Disputes of the American Arbitration Association
(“AAA”). 
 B. Any dispute, controversy, or claim, whether contractual or neutral, between the parties hereto arising
directly or indirectly out of or connected with this Agreement, including the breach or alleged breach of any representation, warranty, agreement, covenant under this Agreement, termination, or validation thereof, or the statutory rights or
obligations of either party hereto, which remains unresolved 45 days after the initiation of the mediation procedure described in Section 16(A), or 30 days after the selection or appointment of a mediator, shall finally be resolved by
binding arbitration in accordance with the Employment Arbitration Rules of the AAA. Any arbitration shall be conducted by arbitrators approved by the AAA, and selected by the parties pursuant to Section 16(C) below. A single arbitrator
shall conduct all such disputes, controversies, or claims, unless the dispute involves more than $50,000 in the aggregate in which case the arbitration shall be conducted by a panel of three arbitrators. The resolution of the dispute by the
arbitrator(s) shall be final, binding, nonappealable, and fully enforceable by a court of competent jurisdiction under the Federal Arbitration Act. The arbitrator(s) shall award damages to the prevailing party. The arbitration award shall be in
writing and shall include a statement of the reasons for the award. The arbitration shall be held in the Phoenix metropolitan area. The arbitrator(s) shall award reasonable attorneys’ fees and costs to the prevailing party. 
 C. The parties shall select the mediator or arbitrators form a panel list made available by the AAA. If the parties are unable to agree to a mediator or
arbitrators within 10 days of receipt of a demand for mediation or arbitration, the mediator or arbitrators will be chosen by alternatively striking from a list of five (5) mediators or (10) arbitrators obtained by Company from AAA.
Executive shall have the first strike. 
 17. Withholding; Release; No Duplication of Benefits. All of Executive’s
compensation under this Agreement will be subject to deduction and withholding authorized or required by applicable law. The Company’s obligation to make any post-termination payments hereunder (other than salary payments and expense
reimbursements through a date of termination), shall be subject to 

  

 -11- 

 
receipt by the Company from Executive of a mutually agreeable release, and compliance by Executive with the covenants set forth in Sections 8 and
9 hereof. This Agreement shall not be construed to provide any duplication of any monetary benefits to Executive. 
 18.
Successors and Assigns. This Agreement is solely for the benefit of the parties and their respective successors, assigns, heirs and legatees. Nothing herein shall be construed to provide any right to any other entity or individual.

 19. Legal Counsel. Executive recognizes that DLA Piper US LLP is counsel to the Company and has been advised to seek his own
counsel to assist him with this Agreement. EXECUTIVE ACKNOWLEDGES THAT HE HAS HAD THIS AGREEMENT IN HIS POSSESSION FOR AT LEAST SEVENTY-TWO (72) HOURS PRIOR TO SIGNING IT, HE HAS HAD REASONABLE OPPORTUNITY TO READ IT AND TO OBTAIN INDEPENDENT
LEGAL ADVICE AS TO ITS PROVISIONS, AND FULLY UNDERSTANDS ITS CONTENTS. 
 20. Acknowledgment Regarding Section 409A. The
Company intends that income provided to Executive pursuant to this Agreement will not be subject to taxation under Section 409A of the Code. The provisions of this Agreement shall be interpreted and construed in favor of satisfying any
applicable requirements of Section 409A of the Code. However, the Company does not guarantee any particular tax effect for income provided to Executive pursuant to this Agreement. In any event, except for the Company’s responsibility to
withhold applicable income and employment taxes from compensation paid or provided to Executive, the Company shall not be responsible for the payment of any applicable taxes incurred by Executive on compensation paid or provided to Executive
pursuant to this Agreement. 
 IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the date first above written.

  

			
	RADYNE CORPORATION
		
		 	 /s/ Yip Loi Lee

	By:	 	Yip Loi Lee
		 	Chairman, Compensation Committee
	
	EXECUTIVE: CARL MYRON WAGNER
		
		 	 /s/ Carl Myron Wagner

	By:	 	Carl Myron Wagner

  

 -12- 

 EXHIBIT A 
 INCENTIVE COMPENSATION SCHEDULE 
  

	•	 	 Annual Bonus—Incentive bonus for Executive, based on the Company meeting the target financial performance (“Target”) for such fiscal year, as
approved by the Board, and as measured by reported (year-end, audited) pre tax earnings. 

  

	 	•	 	 $50,000 in each fiscal year that the Company meets 100% of its Target. 

  

	 	•	 	 $100,000 in each fiscal year in additional performance bonus if the Company meets 110% of its Target for such fiscal year. 

  

	 	•	 	 $100,000 in each fiscal year in additional performance bonus if the Company meets 120% of its Target for such fiscal year. 

  

	 	•	 	 Reported year-end, audited, pre tax earnings falling between 100%-110% or between 110%-120% of Target shall trigger a proration of the bonus, at a rate of $10,000
for every percentage point above 100%, that Executive would have received had the Company met such Target, with such final amount to be determined in the Board’s sole discretion. 

  

	 	•	 	 The Board will determine any additional performance bonus amounts if the Company exceeds 120% of its Target for such fiscal year. 

 Reported year-end, audited, pre tax earnings shall be adjusted appropriately in the Board’s sole discretion upon any significant corporate changes
or events (e.g., acquisitions, divestitures, etc.). Bonus amounts, if any, are to be paid within 30 business days of any earnings release disclosing such reported year-end, audited, pre tax earnings for the fiscal year, but in any event no later
than the fifteenth (15th) day of the third month following the later of the end of the calendar year in which the performance period ended or the end of the Company’s taxable year in which the performance period ended. 
 In the event that the Company does not meet or exceed 100% of its Target in a fiscal year, a performance bonus, if any, shall be determined as follows:

  

	 	•	 	 Reported year-end, audited, pre tax earnings of 80%-100% of Target shall trigger a proration of the bonus, at a rate of $2500 for every percentage point above 80%,
that Executive would have received had the Company met such Target, with such final amount to be determined in the Board’s sole discretion. 

  

	 	•	 	 Reported year-end, audited, pre tax earnings of less than 80% of Target shall not entitle the Executive to any bonus. 

 For each fiscal year during the term of his employment hereunder, Executive shall receive 10% of his annual base salary earned in such fiscal year if the
Company’s revenues for such fiscal year exceed 115% of Company revenues from the prior fiscal year, excluding any contribution to revenues from acquisitions. 
  

	 	•	 	 Performance bonus plan as set forth above shall commence with the 2006 fiscal year. 

  

 A-1

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