Harbinger Group Inc.
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SEC Filings

10-K
HRG GROUP, INC. filed this Form 10-K on 12/29/1994
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                                                                   EXHIBIT 10(t)
 
                             CONSULTING AGREEMENT


          THIS CONSULTING AGREEMENT is made and entered into this 9th day of
November, 1993 ("Agreement") between ZAPATA CORPORATION, a Delaware corporation
(the "Company") and PETER M. HOLT (the "Consultant");

                             W I T N E S S E T H:

          WHEREAS, pursuant to a Merger, Purchase and Sale Agreement dated as of
August 5, 1993, the Company haS purchased the natural gas compression business
(the "Business") of Energy Industries, Inc., Cormar Rental Co., Cormar
Industries Co. and ENERQUIP, Inc., companies in which the Consultant was a major
equity owner and of which the Consultant was President and Chief Executive
Officer; and

          WHEREAS, the Company desires to secure for itself, upon the terms and
conditions set forth herein, the benefits of the Consultant's broad experience
in and knowledge of the Business by obtaining Consultant's services, on the
terms herein set forth; and

          WHEREAS, the Consultant is willing to enter into this Agreement upon
the terms and conditions set forth herein;

          NOW, THEREFORE, in consideration of the mutual promises and
agreements set forth herein, the parties hereto agree as follows:

          1. Consulting Services. (a) During the Consultant's "Term of
Services" (as hereinafter deemed), the Consultant shall,
 to the extent so
requested by the Company, provide the Company with his services as a consultant
in connection with the Business. Consultant shall have such powers and duties as
may from time to time be determined by the Chief Executive Officer of the
Company.

          (b) During the first eighteen months of the Term of Services, the
Consultant shall serve the Company in the capacity as Chairman and Chief
Executive Officer of the divisions or subsidiaries of the Company engaged in the
Business, and shall have the title of "Chairman-CEO", provided, however, that,
during such eighteen-month period, at the written request of the Chief Executive
Officer of the Company, Consultant shall no longer serve as the Chief Executive
Officer of such division and subsidiaries and shall relinquish the title of
Chief Executive Officer, but shall continue to serve in the capacity as
"Chairman" of such divisions or subsidiaries and shall continue to have the
title of "Chairman."


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