The options for doing so are not simple, they require invoking some methods to pull it off. You could use something like the following extension, http://www.codeproject.com/Articles/6164/A-ServiceInstaller-Extension-That-Enables-Recovery or rolling your own using the commands.
[DllImport("advapi32.dll", EntryPoint="ChangeServiceConfig2")]
public static extern bool
ChangeServiceFailureActions( IntPtr hService, int dwInfoLevel,
[ MarshalAs( UnmanagedType.Struct ) ] ref SERVICE_FAILURE_ACTIONS lpInfo );
[DllImport("advapi32.dll", EntryPoint="ChangeServiceConfig2")]
public static extern bool
ChangeServiceDescription( IntPtr hService, int dwInfoLevel,
[ MarshalAs( UnmanagedType.Struct ) ] ref SERVICE_DESCRIPTION lpInfo );
See http://netcode.ru/dotnet/?lang=&katID=30&skatID=277&artID=7660 for more information