EXHIBIT 10.1

RESTRICTED STOCK AWARD TERMS

1. Award of Restricted Stock. The Corporate Governance Committee (the
“Committee”) of the Board of Directors of Applied Industrial Technologies, Inc.
(“Applied”) has awarded you shares of Applied common stock, which shares are
subject to the restrictions, terms, and conditions and to the risk of forfeiture
set forth in the 2011 Long-Term Performance Plan (the “Plan”), in these terms,
and in policies that may be adopted from time to time by the Committee. Unless
otherwise provided herein, capitalized words in these terms shall have the same
meanings as set forth in the Plan.
        
2. Rights During Restriction Period. Until the expiration of the corresponding
Restriction Period (as defined in Section 3 hereof), the shares shall be subject
to forfeiture and Applied's Treasurer or his designee will hold the certificate
representing the shares. During the Restriction Period, you will not have the
right to sell, exchange, transfer, pledge, hypothecate, or otherwise dispose of
forfeitable shares. Notwithstanding any restrictions or risks of forfeiture,
during the Restriction Period and so long as no forfeiture has occurred, you
shall be entitled to receive dividends attributable to the shares and to
exercise all voting rights.
        
3. Restriction Period. The term “Restriction Period” means the period during
which shares are subject to forfeiture. In each case assuming that you have
remained continuously a member of Applied's Board of Directors since the grant
date, the Restriction Period will expire with respect to the shares on the
earlier of (a) the first anniversary of the grant date, and (b) the expiration
of your term as a director if you do not thereafter remain in office.

Subject to the terms hereof, after the Restriction Period expires, the
corresponding shares will no longer be subject to forfeiture and Applied shall
release to you the certificate representing the non-forfeitable shares.

4. Payment of Taxes. Upon vesting of the shares, you must take such actions (if
any), including the payment of cash and/or stock, as Applied deems necessary
pursuant to federal, state or local tax laws, including withholding
requirements.

5. Change in Control. Notwithstanding Section 3, if you experience a Separation
from Service following any Change in Control (as defined under Section 409A),
the Restriction Period shall be deemed to have expired with respect to all of
the remaining forfeitable shares and those shares shall no longer be subject to
forfeiture. For purposes of this section, a Separation from Service shall
include any termination of your service as a member of the Board of Directors of
Applied (including a failure of the Board of Directors or a duly authorized
committee of the Board to nominate you as a director), other than due to (i)
death, (ii) Disability, or your resignation or refusal to stand for re-election
as a director.

6. Death or Disability. If you cease to be a director of Applied due to death or
Disability (as defined under Section 409A) prior to the expiration of the
Restriction Period, the Restriction Period shall be deemed to have expired with
respect to all of the remaining forfeitable shares and those shares shall no
longer be subject to forfeiture.
  

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7. Other Terminations. If you cease to be a director of Applied during the
Restriction Period for any reason other than those specifically set forth in
Sections 5 and 6 above, you shall, for no consideration, forfeit to Applied, and
have no further interest in, all of the remaining forfeitable shares.

8. Adjustment of Shares for Certain Events. In the event of a stock split, stock
dividend, combination, reclassification, recapitalization, merger,
consolidation, exchange, spin-off, spin-out, or other distribution of assets to
shareholders, or other similar event or change in capitalization such that
shares of Applied common stock are changed into or become exchangeable for a
different number of shares, thereafter the number of shares shall be increased
or decreased, as the case may be, in direct proportion to the increase or
decrease in the number of shares of common stock by reason of such change in
corporate structure; provided, however, that the number of shares shall always
be a whole number. If there occurs any other change in the number or kind of
outstanding shares of common stock or other Applied securities, or of any shares
of stock or other securities into which such shares of common stock shall have
been changed or for which they shall have been exchanged, then Applied may
adjust the number or kind of shares of stock or other securities granted
hereunder, as the Committee, in its sole discretion, may determine is equitable,
and such adjustment so made shall be effective and binding for all purposes.

9. Securities Laws Requirements. The Restriction Period shall not be deemed to
expire if such lapse of restrictions would violate:

(a)
any applicable state securities law;

(b)
any applicable registration or other requirements under the Securities Act of
1933, as amended (the “Securities Act”), the Securities Exchange Act of 1934, as
amended, or the listing requirements of any exchange on which the shares are
traded; or

(c)
any similar legal requirement of any governmental authority regulating the
Applied's issuance of shares.

Applied may require you to represent and warrant to Applied that at the grant
date and at the expiration of the Restriction Period, it is your intention to
acquire the common stock for your own account for investment only and not with a
view to, or for resale in connection with, the distribution thereof other than
in a transaction that does not require registration under the Securities Act
(which may, but will not be required to, be conclusively determined for the
purposes of these terms based on written advice of counsel for Applied or you);
that you understand the shares may be “restricted securities” as defined in Rule
144 of the Securities and Exchange Commission; and that any resale, transfer or
other disposition of the shares will be accomplished only in compliance with
Rule 144, the Securities Act, or other or subsequent rules and regulations
thereunder. In such circumstances except as otherwise provided herein, Applied
may place on the stock certificate(s) a legend reflecting such commitment and
Applied may refuse to permit transfer of such certificates until it has been
furnished evidence satisfactory to it that no violation of the Securities Act or
the rules and regulations thereunder would be involved in such transfer.

10. Administration of the Plan. The Committee shall have conclusive authority,
subject to the express provisions of the Plan as in effect from time to time and
these terms, to construe these terms and the Plan, and to establish, amend, and
rescind rules and regulations for the Plan's administration. The Committee may
correct any defect or supply any omission or reconcile any inconsistency in
these terms in the manner and to the extent it shall deem expedient to carry the
Plan into effect, and it shall be the sole

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and final judge of such expediency. Applied's Board of Directors may from time
to time grant to the Committee such further powers and authority as the Board
shall determine to be necessary or desirable. Notwithstanding any other
provision of these terms, any amendment, construction, establishment, rescission
or correction of the type referred to above which is made or adopted following a
Change in Control, and which amendment, construction, establishment or
correction adversely affects your rights hereunder, shall be in writing and
shall be effective only with your express and prior written consent.

11. Relationship to the Plan. This Agreement is subject to the terms of the Plan
and any administrative policies adopted by the Committee. If there is any
inconsistency between these terms and the Plan or such policies, the Plan and
the policies, in that order, shall govern. References in these terms to Applied
shall include Applied's subsidiaries.
        

(January 2012)