Our company was founded on innovative ideas,

and our success is dependent upon talented

employees with a commitment to excellence.

What you need to know about coming to work for Laitram.

LAITRAM, L.L.C.

Over the last four decades, Intralox, L.L.C., has grown from a small conveyor belt manu-facturer into a global provider

of conveying solutions. During this time, it has developed a worldwide reputation for ethical and responsible business practices and maintained its founder’s commitment to treat-ing employees, customers, and suppliers with honesty, fairness, and respect.

Intralox manufactures and markets the most versatile line of modular plastic conveyor belts on the market, in addition to other patented conveying technologies. Intralox conveying solutions are used globally in food and beverage processing, tire manufacturing, materials handling, and warehousing/dis-tribution applications.

In support of its commitment to providing all customers with world-class service and value-adding solutions, Intralox maintains a global field sales force, a sales engineering staff, multi-lingual customer service representatives, and assembly locations in the US, the Netherlands, United Kingdom, Japan, Australia, Brazil, and China.

Laitram Machine Shop, L.L.C. sup-ports new product development and produces cost effective components for the Laitram divisions and select outside customers.

Skilled machinists operate CNC mills, lathes, and several con-ventional lathes and mills.

Technical personnel are proficient with current versions of design software, and a rigorous quality assurance program ensures the parts produced meet the customers’ specifications.

The use of advanced finite capacity software ensures that parts are delivered when needed.

In 1946, James Martial (J.M.) Lapeyre invented a shrimp peeling machine that revolutionized the

shrimp processing industry. Over the next four decades, J.M. invented modular plastic conveyor belting, a digital magnetic compass, and an industrial safety stair. When he died in 1989, J.M. had 191 U.S. patents in his name. These inventions not only created the divisions of Laitram, but defined entire new industries as well.

Today, with four operating divisions - Intralox, L.L.C., Laitram Machinery, Inc., Lapeyre Stair, Inc., and the Laitram Machine Shop, L.L.C. - Laitram employs more than 1,550 people worldwide and remains committed to innovation and continuous improvement.

The corporate support group of Laitram provides professional services to the four divisions. These centralized services include accounting, information systems, human resources, legal, advertising, safety, and maintenance.

By combining these departments into the corporate group, Laitram can provide high levels of expertise while maintaining the flexibility and efficiencies of internal resources.

Lapeyre Stair, Inc., organized in 1981, manufactures and sells

alternating tread space-saving stairs, metal stairs for industrial and commercial use, and assorted platforms and mobile stairs. The alternating tread stair is used in various applications including mezzanines, catwalks, conveyor crossovers, cranes, drilling rigs, pits, tanks, and machinery access.

TM

Laitram Machinery, Inc. is a company founded on innovation and patented ideas, beginning in 1949 with the introduction of the world’s first automatic shrimp peeler.

Over the years, the product line has grown to include equipment for shrimp processing, shellfish cooking, and chilling.

Our worldwide network of service centers in the U.S., Canada, and Europe offers equipment installation and maintenance services and maintains extensive spare parts inventories.

With experiences from the past, an eye on the future, and a global perspective, Laitram Machinery continues to contribute to the food processing industry by providing innovative technology, quality equipment, and superior service.

Our Divisions

In order to serve our individual interests, the shareholders and employees of Laitram agree to combine our resources to make them more productive than they would be apart. This philosophy is consistent with our individual values. We agree to practice these principles for our mutual benefit.

Customers /ProfitsWe agree to provide our customers the most competitive values while generating the profits needed to continuously improve our products and services.

ProduCtivityWe agree to continuously improve Company productivity. Productivity is defined as increasing value to our customers or reducing Company costs. Productivity is a result of ideas, teamwork and effort.

ideas We agree to listen to each other’s ideas. Our business can continuously be improved with better ideas. Ideas can come only from people.

teamwork We agree to work as a team. We benefit from each other’s success. We will treat customers, suppliers and each other as we expect to be treated: with respect, honesty and fairness.

effort We agree to serve as positive examples for each other. We will take pride in and show enthusiasm for our work. We will strive to have fun at work. When necessary, we will make short-term personal sacrifices to benefit our long-term interests.

Credibility/self-management We agree to be responsible for our own credibility. Our maximum productivity can be achieved only through self-managed people. We will each be self-managed. Self-managed people are our greatest resource.

ComPensation We agree to be compensated based on individual and Company performance. We will not ask for more, or be asked to accept less, than we have earned. Each of us will share in the benefits created by our efforts, but only in accordance with the value of our individual contributions.

The LaiTram Business PhiLosoPhy

Our Philosophy

the laitram ComPensation system

Our compensation philosophy is to pay employees based on:

1) the value of a person’s contributions to the Company; and 2) the success of the Company.

Our compensation goal is to provide each employee a package - base pay, benefits and, in some areas, production incentives - that is competitive with the market. In addi-tion, each individual has the opportunity to significantly increase total compensation by sharing the Company’s suc-cess through outstanding individual performance.

laitram ComPensation terms

base Pay: For most jobs, an employee’s base pay is deter-mined by the market value. Base pay is then set within this market value range.

Our system of determining base pay and the role base pay plays in total compensation varies based on an individual’s job func-tion and department assigned.

market value: We determine a range of market value by using wage surveys, networking with similarly based com-panies, and evaluating qualifications and pay of incoming applicants, etc.

merit inCreases to base Pay: An employee who takes on significant additional responsibilities or learns skills that would increase that employee’s value to the Company and in the marketplace may be given a raise in base pay.

standard inCrease to base Pay: Wages are reviewed each year. An employee who is properly paid and continues to meet the standards of the position may be given an annual increase in the range of the consumer price index. Annual increases are not guaranteed.

PerformanCe reward Programs

The types of Individual Performance Reward Programs include:

Commission sales: The Commission Sales Incentive Program varies from Division to Division due to the type of product and profit margins in that Division. Therefore, if you are applying for a position in sales, that particular Hiring Manager can answer any questions concerning this program. In our commission plans, employees have a better than average opportunity to earn significant amounts of incentive pay through high sales in their assigned accounts.

annual Profit inCentive: This amount is determined by an employee’s manager. Managers’ recommendations are based on an employee’s individual productivity and contribution over the past fiscal year. Factors that determine an employee’s contribution to the company include productivity, initiative, and overall value to the Company. The incentive pool is determined by the Division’s profitability.

ProduCtion bonus: Should an employee be eligible to participate in this program, the bonus is based on a preset formula of production goals. If a team, department, and/or individual meets these goals, the incentive or bonus is distributed.

Quarterly inCentive: Those employees not eligible for production- or commission-based incentives participate in the Quarterly Incentive program. Eligibility for quarterly incentives begins after six months of service. Typically, the incentive is determined by the Planning Committee and is a percentage of base pay. Quarterly incentives have traditionally been paid in February, April, July, and October.

review ProCess

To ensure the success of these programs, Laitram, through its Planning Committee, meets periodically (based on the program) and reviews certain components of the plan. Laitram’s Compensation System is a discretionary bonus plan. It is not an employment contract, nor does it guarantee payments to its employees.

IncentIves (AnnuAl, QuArterly, ProductIon And/or commIssIon BAsed)

+

+

=

FrInge BeneFIts (medIcAl, dentAl, lIFe, 401(k), dIsABIlIty, etc.)

totAl emPloyee comPensAtIon

the laitram Pay Plan

BAse PAy

Compensation

emPloyee benefits

Benefits are a significant part of an employee’s total compensation at Laitram. When applicants review job opportunities, they often leave these “fringe” benefits out of the decision-making process. Our benefits program is outstanding. Please take the time to review what is offered and direct your questions to the Human Resources Department.

In addition to providing the required benefits of Social Security (FICA), Unemployment Compensation, and Workers’ Compensation Insurance, the company provides the following additional benefits.

benefits Provided at no Cost to the emPloyee

There is a waiting period from date of hire to participate in these plans. An eligible employee will be covered as of the first of the month following two months of service unless otherwise noted. Employees working less than 30 hours per week are not eligible to participate in some benefits programs.

life insuranCe:Term life insurance at two times annual base pay, up to $300,000 maximum. Dependent life insurance is also available at no cost for spouse and/or children: $5,000 for a spouse and $2,000 for each child. Employees may also purchase additional voluntary life insurance through payroll deductions.

short term disability:Short Term Disability is provided to ensure that employees have some level of protection against extended illness or injury. Employees are eligible for this benefit upon completing 60 days of employment. After a 10-day wait-ing period, employees receive full base salary for up to 180 calendar days for extended illness, subject to medical verification.

long-term disability:After 180 consecutive days of illness and subject to medical verification, an employee receives up to 60% of pay if an employee is disabled.

long-term Care insuranCe:Eligible employees are covered by a Long-Term Care insurance plan that provides a base benefit of $1,000 per month for up to twenty-four months. Laitram

covers the employee up to this amount; additional buy-up insurance is available during future open enrollment periods.

emPloyee Paid benefits

mediCal and dental insuranCe:Laitram provides the opportunity for employees to purchase comprehensive Medical and Dental Insurance (employee only or family) through a Shared Cost Benefit Program. Through this approach, the Company shares with each employee, who elects to purchase medical and/or dental insurance, the cost of that insurance. While premiums may change from year to year, Laitram is proud that it has con-sistently been able to share, in a very equitable way, the cost of health care insurance for its employees.

Employees may purchase coverage under each policy that begins on the 61st day of employment. The employee’s portion of the premium for medical and/or dental insurance is made through a pre-tax payroll deduction.

emPloyee assistanCe Program:This program offers information and resources that can help employees and their families identify and resolve problems affecting emotional and physical health, and is available 24 hours a day, 7 days a week.

flexible sPending aCCounts:An employee may participate in these plans the next open enrollment period following their hire date. Typically, open enrollment is held in November for a January 1st effective date.

mediCal sPending aCCount: Allows an employee to pay for certain medical expenses that are not covered by either a Medical or Dental plan with pre-tax dollars. Subject to IRS guidelines.

dePendent sPending aCCount: Allows an employee to pay for certain dependent day care expenses with pre-tax dollars. Subject to IRS guidelines.

inCentive savings Plan 401(k)Through automatic payroll deduction, employees may make voluntary contributions of up to 60% of the employee’s eligible

Benefits

compensation. Contributions are subject to an annual dollar limit set by the IRS. Employees become eligible to participate in the Plan on the first day of the month following the six-month anniversary of their date of hire. The Company will match the employee’s contributions on a dollar for dollar basis, up to 4% of the employee’s eligible compensation. The employee is fully vested in the amounts that are voluntarily contributed to the Plan and in the amounts that are matched by the Company.

The Company also makes a non-discretionary contribution to the Plan in each employee’s name. The contribution is called “nondiscretionary” because the Company has an obligation to make the contribution without regard to its profits or business conditions and without regard to whether the employee is making voluntary contributions to the Plan. The amount of this contribution is equal to (a) 3% of the employee’s eligible compensation, and (b) 2.7% of the employee’s eligible com-pensation in excess of the Social Security wage base. To receive this contribution, the employee must be eligible and employed on the last day of each plan year (December 31).

Nondiscretionary contributions are subject to the following vesting schedule:

Years of Service Vested Percentage

Less than 2 years 0% 2 years, but less than 3 years 25% 3 years, but less than 4 years 50% 4 years, but less than 5 years 75% 5 years or more 100%

Fidelity Investments manages the Plan. Employees can invest in many different Fidelity and non-Fidelity-managed funds.

siCk leave and Personal time

Certain employees are eligible for benefits based on their classi-fication and the amount of hours they work (full or part-time). This benefit provides for paid time off in case of illness of an employee, a family member, funeral leave or other personal emergency. A pro-rated amount is available for part-time employees who qualify.

Hourly Employees: 3.08 hours per pay period is accrued for the first calendar year of employment. Beginning January 1st following the date of hire, employees receive 10 days of sick/personal time per calendar year. Any unused sick leave at the end of a calendar year is paid to the employee. There is no carry over.

Salaried Employees: Do not accrue sick leave. However, time

off is available for this purpose at the supervisor’s discretion and in accordance with Company guidelines. There is no waiting period for this benefit.

vaCation

The Company grants paid vacations to all eligible employees. Under our vacation plan, no vacation time will accrue during an employee’s initial six (6) months of service with the Company. If an employee has completed six (6) months of service, the employee will earn the following vacation time depending on his classification:

Full-time employees 40 hrs

Class III Part-time employees (30-37.5 hrs per week) 30 hrs

Class II Part-time employees (21-29 hrs per week) 20 hrs

After 6 months of employment, hourly and salaried employees accrue vacation at a rate of 3.08 hours per pay period (2 weeks per calendar year). Upon completion of five years of employment, hourly and salaried employees begin accruing vacation at 4.62 hours per pay period (3 weeks per calendar year).

A pro-rated amount is available to part-time employees who qualify.

holidays

Laitram sets the holiday schedule at the beginning of every year. Typically, there are 11 observed holidays. Employees qualify for holiday pay upon hire.

tuition reimbursement

All full-time employees with at least one year of service with the Company are eligible to apply for tuition reimbursement. The Company will pay 100% of the tuition cost of pre-approved classes, up to a maximum of $1,250 per spring and fall semesters and up to $625 for the summer semester. For each semester of study, the Company will also reimburse an employee an amount equal to 25% of the amount of tuition that is reimbursed to help defray the cost of textbooks and any applicable fees. The total amount reimbursed by the Company during any one calendar year will not exceed $3,125. Courses that are job-related or will help you be more successful in your current job are the focus of this program. The Company will consider courses that are not directly job-related only if they are required courses in a degree curriculum, where the degree is clearly job-related.

Benefits

The Laitram Continuous Improvement Program was developed in 1987 to increase our Company’s productivity by improving each individual’s performance. Since the imple-mentation of this program, our Company has seen significant growth in sales volume, number of employees, and profitabil-ity, as well as a significant reduction in employee turnover.

All new employees are trained in the basics of the LCI program in a one-day program. Periodic refresher classes are also held. The components of the program include:

the laitram business PhilosoPhy

Our business philosophy is the foundation for all business decisions. It sets values and standards that we expect our employees to use in their dealings with each other, customers, and suppliers.

PerformanCe imProvement Plans

Every employee will establish a Performance Improvement Plan at the beginning of the fiscal year. This plan is a written agreement between the employee and their supervisor which includes both measures of performance (called indicants) and clear measurable goals.

PerformanCe aPPraisal and feedbaCk

The focus of the Company’s performance evaluation system is to provide clear feedback to every employee to help insure their success. Each employee has at least two meetings each year with their supervisor to discuss performance.

lCi teams

The LCI Program promotes the use of LCI Teams to continuously improve Company productivity. The advantages of this approach are:

• real problems get identified;• more possible solutions are generated;• better decisions are made; and• the group better supports the results.

Since this effort began, teams have successfully solved hundreds of problems and identified many opportunities for improving our processes.

management assessment survey

Once each year, employees are asked to confidentially evaluate their Manager’s performance in practicing the company’s business philosophy, setting goals, helping each individual succeed, etc. The focus of this program is to provide each Supervisor or Manager with confidential, constructive feedback to help insure their success.

ContinuousImprovement

To view available job openings, or to apply for a position at Laitram, L.L.C., please visit www.laitram.com/careers. If you have questions or need assistance with the application process, please contact Human Resources at (504) 733-6000.

direCtions to laitram

from the interstate (i-10)Exit at Clearview Parkway South and continue on Clearview to the end. At the end of Clearview, Clearview becomes I-90 and goes over the Huey P. Long Bridge. Do not go over the bridge.

Just before the bridge, Jefferson Highway intersects Clearview. To get onto Jefferson Highway, veer right (west) and merge onto Jefferson Highway when you see the Elmwood Oaks Plaza shopping center to the right.

As you merge onto Jefferson Highway, you will see a sign to the right indicating that the left lane is for Jefferson Highway East traffic and the right lane is Jefferson Highway West traffic. (Note: Jefferson Highway East traffic makes a U-turn here.)

Get in the right lane and follow the signs labeled Jefferson Highway West. Once you have passed the Jefferson Highway East turning lane, immediately get all the way over to the left. You want to be in the left turning lane at the first stop light.

The stop light marks the intersection of Plantation Road and Jefferson Highway. Wal-Mart Supercenter is on the left side. Turn left onto Plantation Road and go to the first stop sign at Toler Street. Turn left on Toler Street. At the end of Toler Street, the street curves and becomes Laitram Lane. We are on the right hand side (200 Laitram Lane).

from the airPort

Go east on Airline Highway to Clearview. At the end of Clearview, Clearview becomes I-90 and goes over the Huey P. Long Bridge. Do not go over the bridge.

Just before the bridge, Jefferson Highway intersects Clearview. To get onto Jefferson Highway, veer right (west) and merge onto Jefferson Highway when you see the Elmwood Oaks Plaza shopping center to the right.

As you merge onto Jefferson Highway, you will see a sign to the right indicating that the left lane is for Jefferson Highway East traffic and the right lane is Jefferson Highway West traffic. (Note: Jefferson Highway East traffic makes a U-turn here and heads back east.) Get in the right lane and follow the signs labeled Jefferson Highway West. Once you have passed the Jefferson Highway East turning lane, immediately get all the way over to the left. You want to be in the left turning lane at the first stop light.

The stop light marks the intersection of Plantation Road and Jefferson Highway. Wal-Mart Supercenter is on the left

Interstate 10

AIRLINE HWY.

Mississip

pi Rive

r

10

JEFFER

SON HWY.

RIVER

RO

AD

= stop light

= Laitram, L.L.C. 200 Laitram Lane

Lake Pontchartrain

Toler

St.

Wal-Mart

Plantation Dr. RIVER

ROAD

HUEY P. LONG BRIDGE

Laitram Lane

AIRLINE HWY.

CLEA

RVIEW PKW

Y

Colonial C

lub Dr.

Earhart Expy. 3139

3152

W. Napoleon

W. Metairie

JEFFERSON HWY.

William

sBlvd.

Airp

ort R

d. To

I-10

NEW ORLEANSINTL. AIRPORT

3152

N

JEFFERSON

10To Downtown New Orleans

Note:CLEARVIEW becomes US 90 and goes over Mississippi River. 90

6161

HWY.

How To Apply

side of the intersection. Turn left onto Plantation Road and go to the first stop sign at Toler Street. Turn left on Toler Street. At the end of Toler Street, the street curves and becomes Laitram Lane. We are on the right hand side (200 Laitram Lane).

from Jefferson highway, heading west

Go west on Jefferson Highway to Plantation Road, which is the first street to the left after the Huey P. Long Bridge and Clearview Parkway exits. There is a Wal-Mart on the east corner of Plantation Road and Jefferson Highway. Turn left onto Plantation Road and go to the first stop sign at Toler Street. Turn left on Toler Street. At the end of Toler Street, the street curves and becomes Laitram Lane. We are on the right hand side (200 Laitram Lane).

from Jefferson highway, heading east

Go east on Jefferson Highway to Plantation Road, which is the last street to the right before the Huey P. Long Bridge and Clearview Parkway exits. There is a Wal-Mart on the east corner of Plantation Road and Jefferson Highway. Turn right onto Plantation Road and go to Toler Street. Turn left on Toler Street. At the end of Toler Street, the street curves and becomes Laitram Lane. We are on the right hand side (200 Laitram Lane).

from river road, heading west

Going west on River Road, turn right onto Laitram Lane, which is the first street past the Huey P. Long Bridge. The second street is Toler Street. We are on the left (200 Laitram Lane) at the corner of Storey Street and Laitram Lane.

from river road, heading east

Going east on River Road, turn left onto Laitram Lane, which is the last street before the Huey P. Long Bridge. We are on the left (200 Laitram Lane) at the corner of Storey Street and Laitram Lane.

Interstate 10

AIRLINE HWY.

Mississip

pi Rive

r

10

JEFFER

SON HWY.

RIVER

RO

AD

= stop light

= Laitram, L.L.C. 200 Laitram Lane

Lake Pontchartrain

Toler

St.

Wal-Mart

Plantation Dr. RIVER

ROAD

HUEY P. LONG BRIDGE

Laitram Lane

AIRLINE HWY.

CLEA

RVIEW PKW

Y

Colonial C

lub Dr.

Earhart Expy. 3139

3152

W. Napoleon

W. Metairie

JEFFERSON HWY.

William

sBlvd.

Airp

ort R

d. To

I-10

NEW ORLEANSINTL. AIRPORT

3152

N

JEFFERSON

10To Downtown New Orleans

Note:CLEARVIEW becomes US 90 and goes over Mississippi River. 90

6161

HWY.

How To Apply

Laitram, L.L.C. Divisions:

Laitram Machinery, Inc. Laitram Machine Shop, L.L.C.

Intralox, L.L.C. Lapeyre Stair, Inc.

© 2011 Laitram, L.L.C 52142_ENGLISH