Exhibit 10.15

Summary of Non-Employee Director Compensation effective January 1, 2005

The following summary of the compensation payable to each non-employee member of the Board of Directors
of IPEC Holdings Inc. effective January 1, 2005 is an excerpt from IPEC Holdings Inc.s 2004
Notice of Annual Meeting and Information Statement:

On
March 29, 2004, based upon the recommendations of the Compensation and Management Development Committee
and based on competitive data, the Board of Directors adopted changes to the cash and equity compensation
to be paid to members of the Board of Directors and committees of the Board of Directors effective
as of June 2, 2004. These changes were adopted in order to bring the compensation packages of our
board members more in line with compensation paid to directors of comparable companies, recognize
the increased workload and responsibilities of board and committee members in recent years, and enable
us to attract qualified directors when needed. The new board compensation will be as follows:

| |  | Each non-employee director will receive an annual retainer of $2,000, Audit Committee members will
receive an additional retainer of $750 and the Compensation and Management Development Committee
members will receive an additional annual retainer of $500;                                                                                               
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| |  | Each non-employee member of each standing committee will receive an additional fee of $500 per meeting
attended; and                                                                                                                                                                                                                                          
| |   |                                                                                                                                                                                                                                                                                                                                                               
| |  | Each new non-employee director will receive an initial stock option grant for 1,000 shares, and each
continuing non-employee director will receive an annual stock option grant for 1,000 shares. Such
options shall be granted with an exercise price equivalent to the closing price of the Companys
stock on the date of the Annual Shareholders Meeting.

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