WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

      Date of Report (Date of earliest event reported): March 8, 2007

                           PAR TECHNOLOGY CORPORATION
               (Exact Name of Registrant as Specified in Charter)

           Delaware                       1-09720                 16-1434688
-------------------------------      ----------------        -------------------
(State or Other Jurisdiction           (Commission              (IRS Employer
     of Incorporation)                  File Number)         Identification No.)

     PAR Technology Park, 8383 Seneca Turnpike, New Hartford, NY      13413-4991
         (Address of Principal Executive Offices)                     (Zip Code)

       Registrant's telephone number, including area code: (315) 738-0600

                                 Not applicable
          (Former Name or Former Address, if Changed Since Last Report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

     [ ] Written  communications  pursuant to Rule 425 under the  Securities Act
(17 CFR 230.425)

     [ ] Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)

     [ ]  Pre-commencement  communications  pursuant to Rule 14d-2(b)  under the
Exchange Act (17 CFR 240.14d-2(b))

     [ ]  Pre-commencement  communications  pursuant to Rule 13e-4(c)  under the
Exchange Act (17 CFR 240.13e-4(c))

Item 1.01 Entry into a Material Definitive Agreement.

     On March 8, 2007,  the Board of Directors  ("the Board") of PAR  Technology
Corporation   (the   "Company")   approved  and  adopted  an  amendment  to  the
compensation  plan  for  non-employee  directors  effective   immediately.   The
amendment  of the plan  changes  the amount and  timing of annual  stock  option
awards made to  non-employee  directors by providing  that  Non-Qualified  Stock
Option grants  representing  2,800 shares of the Company's common stock would be
awarded  to each  non-employee  director  on the  date of the  Company's  annual
meeting of shareholders  at the fair market price on the date of the grant.  The
amendment also provides for an additional cash payment of $5,000 per year to the
chairman of the Audit Committee.


     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                            PAR TECHNOLOGY CORPORATION

Date:  March 14, 2007                       By:  /s/ Ronald J. Casciano
                                            Ronald J. Casciano
                                            Vice President, Chief Financial
                                            Officer and Treasurer