Document:

Filed by Bowne Pure Compliance

EXHIBIT 10.3

Performance Grant Terms and Conditions

Your Performance Grant (the “Award”) is made by Applied Industrial Technologies, Inc., an Ohio
corporation (“Applied”). The Award is governed by Applied’s 2007 Long-Term Performance Plan (the
“Plan”), including the policies adopted by the Executive Organization & Compensation Committee of
Applied’s Board of Directors (the “Committee”) under the Plan, and is subject to the following
terms and conditions:

1. Eligibility. Only key senior officers that have broad policy-making functions that directly
contribute to Applied’s long-term success and profitability are eligible to receive Awards.

2. Vesting; Payment. Your Award will vest, in whole or in part, three years following the
effective grant date of your Award (the “Performance Period”) upon the achievement of the
performance goals set forth in the Performance Grant Summary enclosed with these Terms and
Conditions. Your Award will be payable, at the Committee’s discretion, in cash or shares
(“Shares”) of Applied’s common stock (or both). The Committee may determine the form of payment of
your Award at any time during or at the conclusion of the Performance Period. Shares used in
payment of the Award shall be valued at their Fair Market Value (as defined in the Plan) as of the
last day of the Performance Period. Applied shall make payment of any amount due to you under the
Award promptly following the availability of audited financial statements for the final year of the
Performance Period. Applied may withhold from the amount payable to you under your Award any
amounts it deems necessary pursuant to federal, state or local tax laws, including withholding
requirements.

3. Termination of Employment or Executive Officer Status. If, during the Performance Period, you
incur a separation from service from Applied due to death, permanent and total disability, or
retirement in accordance with an established retirement policy of Applied, then, promptly following
the availability of audited financial statements for the final year of the Performance Period, you
(or your beneficiary whom you have designated to Applied in writing) shall be entitled to receive a
pro rata payment under the Award equal to (i) a fraction the numerator of which is the number of
fiscal quarters (including a portion of a quarter) elapsed in the Performance Period prior to the
date of your separation from service and the denominator of which is twelve, multiplied by (ii)
what would have been your Award for the Performance Period based on the actual achievement of the
performance goals set forth in the Performance Grant Summary, if you had not separated from service
during the Performance Period. If, during the Performance Period, you incur a separation from
service from Applied for any reason other than those specifically set forth above or in section 4
hereof, then your Award will be forfeited and no amount shall be due or payable to you pursuant to
the Award. Also, if, during the Performance Period, you cease to be a Board-elected executive
officer of Applied (but remain an employee), then your Award shall be forfeited and no amount shall
be due or payable to you pursuant to the Award.

 

 

 

Notwithstanding anything in these terms to the contrary, your Award may be terminated or
rescinded, and if applicable, you may be required to immediately repay all cash or Shares (and any
dividends and distributions thereon) issued pursuant to the Award within the previous six months
(or any proceeds thereof), if the Committee determines, in good faith, that during your employment
with Applied
or during the period ending six months following your separation from service, you have
committed an act inimical to Applied’s interests. Acts inimical to Applied’s interest shall
include willful inattention to duty; willful violation of Applied’s published policies; acts of
fraud or dishonesty involving Applied’s business; solicitation of Applied’s employees, customers or
vendors to terminate or alter their relationship with Applied to Applied’s detriment; unauthorized
use or disclosure of information regarding Applied’s business, employees or customers; and
competition with Applied. All determinations by the Committee shall be effective at the time of
your act and shall be final and binding on you. The provisions of this section are a fundamental
term of the Award.

4. Change in Control. Upon a Change in Control, your Award shall vest and you shall be entitled to
receive in full satisfaction of all amounts due or which may become due under the Award, a pro rata
payment under the Award equal to (i) a fraction the numerator of which is the number of fiscal
quarters (including a portion of a quarter) elapsed in the Performance Period prior to the date of
the Change in Control and the denominator of which is twelve, multiplied by (ii) your target award
amount.

5. Limitation on Rights. The Award shall not confer upon you any rights whatsoever other than
those expressly set forth herein, in the Plan or in policies adopted by the Committee, including
without limitation any right to continued employment with Applied (or its affiliates) or any rights
as a shareholder in respect of any of the Shares that may become issuable pursuant to the Award
until and unless Applied has issued a certificate or certificates for the Shares.

6. Restrictions on Shares. Applied may require, as a condition to its issuance and delivery of
certificates for Shares issuable under the Award, the delivery to Applied of a commitment in
writing by you that (i) at the time of issuance, it is your intention to acquire the Shares for
your own account for investment only and not with a view to, or for resale in connection with, the
distribution thereof; (ii) you understand that the Shares may be “restricted securities” as defined
in Rule 144 issued under the Securities Act of 1933, as amended (the “Act”); and (iii) any resale,
transfer or other disposition of the Shares will be accomplished only in compliance with Rule 144,
the Act, or other or subsequent rules and regulations thereunder. Applied may place on the
certificates a legend reflecting that commitment and Applied may refuse to permit transfer of the
certificates until it has been furnished evidence satisfactory to it that no violation of the Act
or the rules and regulations thereunder would be involved in the transfer.

7. Discretionary Adjustment Following Merger, Sale of Assets; Stock Issuance, Etc. In the event
that, during the Performance Period, Applied merges, consolidates, sells or acquires a substantial
amount of assets, issues a substantial amount of its capital stock, reorganizes, or engages in any
other transaction or series of transactions, the Committee, in its sole discretion, may change the
performance goals upon which the vesting of your Award is conditioned, in order to prevent
diminution or enlargement of the benefits intended to be conferred by the Award in such manner as
the Committee may determine is equitably required by the changes or events.

 

 

 

8. Nonassignability. The Award and the rights granted thereunder are not assignable or
transferable, in whole or in part, and may not be otherwise disposed of by you, other than by will
or by the laws of descent and distribution.

9. Committee Authority. The Committee shall have authority, subject to the Plan’s express
provisions, to construe these Terms and Conditions and the Plan, to establish, amend and rescind
rules and regulations relating to the Plan, and to make all other determinations in the Committee’s
judgment necessary or desirable for the Plan’s administration. The Committee may correct any
defect or supply any omission or reconcile any inconsistency in the Plan or these Terms and
Conditions in the manner and
to the extent it deems expedient to carry the Plan into effect. All Committee action under this
Section’s provisions shall be conclusive for all purposes.

10. Relationship to the Plan. In the event of any inconsistency between these Terms and Conditions
and the Plan or the Committee’s policies, the Plan or the policies shall govern. Terms not
otherwise defined in these Terms and Conditions have the meaning ascribed them in the Plan.
Notwithstanding any provisions hereof, these terms and conditions and the Award shall be subject to
all of the Plan’s provisions in effect from time to time, which are incorporated herein by
reference.

(September 2008)Filed by Bowne Pure Compliance

Exhibit 10.4

First Amendment to Insight Enterprises, Inc. 2007 Omnibus Plan

Insight Enterprises, Inc. (the “Company”) previously approved and adopted the Insight
Enterprises, Inc. 2007 Omnibus Plan (the “Plan”).  By this instrument, the Company desires to amend
the Plan to clarify certain provisions relating to forfeiture restrictions and grants of
discretionary awards to non-employee directors.

1. Capitalized terms used but not otherwise defined herein shall have the respective meanings
assigned to such terms in the Plan.

2. Except as other provided, this Amendment shall be effective as of the date set forth below.

3. Section 3.1 (Administration of the Plan) is hereby amended and restated as follows:

The Plan shall be administered by the Board or the Compensation Committee, which shall be
composed of two or more directors, each of whom is a “non-employee director” within the meaning of
Rule 16b-3(b)(3) promulgated under the Exchange Act, or any successor definition adopted by the
Securities and Exchange Commission, an “outside director” within the meaning of Section 162(m) of
the Code, or any successor provision thereto, and an “independent director” within the meaning of
Nasdaq Marketplace Rule 4200. Notwithstanding the foregoing, the Board may delegate responsibility
for administering the Plan with respect to designated classes of Eligible Persons to different
committees consisting of one or more members of the Board, subject to such limitations as the Board
deems appropriate, except with respect to Awards to Participants who are subject to Section 16 of
the Exchange Act or Awards granted pursuant to Section 16 of the Plan. Members of any committee
shall serve for such term as the Board may determine, subject to removal by the Board at any time.
To the extent consistent with applicable law, the Board or the Compensation Committee may authorize
one or more officers of the Company to grant Awards to designated classes of Eligible Persons,
within limits specifically prescribed by the Board or the Compensation Committee; provided,
however, that no such officer shall have or obtain authority to grant Awards to himself or herself
or to any person subject to Section 16 of the Exchange Act. All references in the Plan to the
“Committee” shall be, as applicable, to the Compensation Committee or any other committee or any
officer to whom the Board or the Compensation Committee has delegated authority to administer the
Plan. Notwithstanding the foregoing, discretionary awards to nonemployee directors may only be
made by the Compensation Committee.

4. Section 4.3 of the Plan (Limitations) is hereby amended and restated as
follows:

Notwithstanding any other provisions of the Plan to the contrary, Awards granted with respect
to 90% of the shares authorized for issuance under the Plan, other than Awards of Options or SARs
shall, at a minimum, be subject to a forfeiture restriction for the lesser of (i) a three year
period from the Grant Date, over which the forfeiture restriction lapses periodically based
primarily on continuous service to the Company or a Related Company, and (ii) one year from Grant
Date for a forfeiture restriction that lapses based primarily upon the accomplishment
of performance goals determined by the Committee in its discretion. In no event shall the
Committee have the right, without shareholder approval, to cancel, waive or amend the provisions of
this Section 4.3 other than in the event of death, Disability, Retirement, or a Company
Transaction, Change in Control, sale, merger, consolidation, reorganization, liquidation,
dissolution or change of control of the Company.

 

 

 

5. Section 7.4 of the Plan (Exercise of Options) is hereby amended and restated as
follows:

Subject to Section 4.3, the Committee shall establish and set forth in each instrument that
evidences an Option the time at which, or the installments in which, the Option shall vest and
become exercisable, any of which provisions may be waived or modified by the Committee at any time.
To the extent an Option has vested and become exercisable, the Option may be exercised in whole or
from time to time in part by delivery to or as directed or approved by the Company of a properly
executed stock option exercise agreement or notice, in a form and in accordance with procedures
established by the Committee, setting forth the number of shares with respect to which the Option
is being exercised, the restrictions imposed on the shares purchased under such exercise agreement,
if any, and such representations and agreements as may be required by the Committee, accompanied by
payment in full as described in Sections 7.5 and 13. An Option may be exercised only for whole
shares and may not be exercised for less than a reasonable number of shares at any one time, as
determined by the Committee.

6. Section 10.3 of the Plan (Waiver of Restrictions) is hereby amended and restated as
follows:

Subject to Sections 4.3 and 18.5, the Committee, in its sole discretion, may waive the
repurchase or forfeiture period and any other terms, conditions or restrictions on any Restricted
Stock or Stock Unit under such circumstances and subject to such terms and conditions as the
Committee shall deem appropriate.

Adopted by the Compensation Committee effective August 12, 2008.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00149-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00149-of-00352.parquet"}]]