Attached files
| file | filename |
|---|---|
| EX-95 - EXHIBIT 95 - APPLIED INDUSTRIAL TECHNOLOGIES INC | ait-2017630x10kexx95.htm |
| EX-32 - EXHIBIT 32 - APPLIED INDUSTRIAL TECHNOLOGIES INC | ait-2017630x10kexx32.htm |
| EX-31 - EXHIBIT 31 - APPLIED INDUSTRIAL TECHNOLOGIES INC | ait-2017630x10kexx31.htm |
| EX-24 - EXHIBIT 24 - APPLIED INDUSTRIAL TECHNOLOGIES INC | ait-2017630x10kexx24.htm |
| EX-23 - EXHIBIT 23 - APPLIED INDUSTRIAL TECHNOLOGIES INC | ait-2017630x10kexx23.htm |
| EX-21 - EXHIBIT 21 - APPLIED INDUSTRIAL TECHNOLOGIES INC | ait-2017630x10kexx21.htm |
| EX-10.35 - EXHIBIT 10.35 - APPLIED INDUSTRIAL TECHNOLOGIES INC | ait-2017630x10kexx1035.htm |
| EX-10.33 - EXHIBIT 10.33 - APPLIED INDUSTRIAL TECHNOLOGIES INC | ait-2017630x10kexx1033.htm |
| EX-10.27 - EXHIBIT 10.27 - APPLIED INDUSTRIAL TECHNOLOGIES INC | ait-2017630x10kexx1027.htm |
| 10-K - 10-K - APPLIED INDUSTRIAL TECHNOLOGIES INC | ait-2017630x10k.htm |
EXHIBIT 10.34
LONG-TERM DISABILITY INSURANCE
Applied’s long-term disability insurance plan provides for long-term disability coverage to U.S. employees who become eligible after a 30-day waiting period based on plan requirements. Under the plan, eligible employees who become totally disabled as defined in the plan receive 60% of monthly base earnings, subject to a maximum schedule amount of $5,000 per month, without evidence of insurability. Applied’s executive officers are covered under the plan, subject to a maximum schedule amount of $18,000 per month.
In addition, executive officers are covered by a supplemental long-term disability program. Under this program, participants are provided additional disability insurance with respect to 60% of their total compensation (base salary plus average of their most recent three years' incentive awards) minus the basic benefit (60% of base salary), up to a benefit of $3,000 per month, and are charged for the cost of any supplemental insurance relating to incentive awards.