Services Performed by Consultant. Consultant shall serve as a special advisor to Penn Octane and Rio Vista and shall provide the following services (the “Services”) to the Company: (a) assistance with the Company’s identification and completion of acquisition and disposition of assets, obtaining financings, development of new projects, (b) identifying, engaging and recommending candidates for roles in the Company’s management teams and boards; (c) assistance with other transactions involving the Company, and (d) such other services as may be reasonably requested by the Company. Consultant’s duties may be reasonably modified at the Company’s discretion from time to time. Consultant will report directly to the board of directors of Penn Octane and the board of managers of the general partner of Rio Vista. Consultant shall at all times faithfully and diligently perform the Services under this Agreement and use Consultant’s best efforts, skill, and attention for the fulfillment of the Services and the interests of the Company. Consultant shall have discretion and control of the rendering of the Services and the manner in which said Services are performed. Consultant shall perform all such Services under the name and as a representative of the Company to any third parties engaged in discussions with the Company. Unless otherwise agreed to by the parties, Consultant shall have no obligation to work any particular hours or days, nor shall Consultant be obligated to devote full time to the performance of the Services. It is, however, expected that consultant will work no less than 80 hours per month.
Appears in 2 contracts
Samples: Consulting Agreement (Rio Vista Energy Partners Lp), Consulting Agreement (Penn Octane Corp)
Services Performed by Consultant. Consultant shall serve as a special advisor to the board of directors of Penn Octane and the board of managers of Rio Vista and shall provide the following services (the “Services”) to the Company: (a) assistance with the Company’s identification sale of all or part of its LPG assets and completion of acquisition and disposition of assetsbusiness, obtaining financings, development of new projects, (b) identifying, engaging and recommending candidates for roles in the Company’s management teams and boards; (c) assistance with other transactions (including restructurings) involving the Company, Company as mutually agreed by the parties and (d) such other services as that the Company may be reasonably requested by the Companyrequest that are customarily associated with such duties. Consultant’s duties may be reasonably modified at the Company’s 's discretion from time to time. Consultant will report directly to the board of directors of Penn Octane and the board of managers of Rio Vista and will inform the general partner chief executive officer of Rio Vistathe Company of matters pertaining to the Services on a regular basis. Consultant shall at all times faithfully and diligently perform the Services under this Restated Agreement and use Consultant’s best efforts, skill, and attention for the fulfillment of the Services and the interests of the Company. Consultant shall have discretion and control of the rendering of the Services and the manner in which said Services are performed. Consultant shall perform all such Services under the name and as a representative of the Company to any third parties engaged in discussions with the Company. Unless otherwise agreed to by the parties, Consultant shall have no obligation to work any particular hours or days, nor shall Consultant be obligated to devote full time to the performance of the Services. It is, however, expected that consultant will work no less than 80 hours per month.
Appears in 2 contracts
Samples: Consulting Agreement (Penn Octane Corp), Consulting Agreement (Rio Vista Energy Partners Lp)