Common use of Services Performed by Consultant Clause in Contracts

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: assistance with the Company’s sale of all or part of its LPG assets and business, assistance with other transactions (including restructurings) involving the Company as mutually agreed by the parties and such other services that the Company may reasonably request that are customarily associated with such duties. 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 Rio Vista and will inform the chief executive officer of the 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.

Appears in 2 contracts

Samples: Consulting Agreement (Penn Octane Corp), Consulting Agreement (Rio Vista Energy Partners Lp)

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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 sale identification and completion of all or part acquisition and disposition of its LPG assets assets, obtaining financings, development of new projects, (b) identifying, engaging and business, recommending candidates for roles in the Company’s management teams and boards; (c) assistance with other transactions (including restructurings) involving the Company as mutually agreed by the parties Company, and (d) such other services that as may be reasonably requested by the Company may reasonably request that are customarily associated with such dutiesCompany. 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 the general partner of Rio Vista and will inform the chief executive officer of the Company of matters pertaining to the Services on a regular basisVista. 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 (Rio Vista Energy Partners Lp), Consulting Agreement (Penn Octane Corp)

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