- 8 - OR Item 2: With regard to a spousal support adjustment if FLL remarries prior to 30 September 1990, the following conditions are to be accepted: A. Upon receipt of a letter from Christina stating her desire to reside primarily with JEL, FLL to acknowledge that JEL has physical custody of Christina until such time as Christina reaches 18 or reverses her decision, whichever comes first. B. Child support to cease with the clear understanding that JEL will be responsible for 100% of Christina’s educational expenses as well as medical and dental expenses. C. N/A D. 1. N/A The debt is forgiven automatically in the event of remarriage per MSA. 2. JEL to pay FLL adjusted spousal support on the 1st of each month following FLL’s remarriage in the amount of not less than $3,000 net to Fawni based on her tax bracket (33+9%) not JEL’s. (28%) through May 31, 1992. JEL to provide all legal expenses associated with this modification to the MSA. E. Should Christina desire to change her primary residence prior to age 18, the amount of spousal/child support will be determined by JEL’s compensation at that time, but will not be less than the amount of spousal support paid to FLL following remarriage. JEL will be responsible for all legal expenses associated with such change, should it occur. F. JEL’s life insurance obligation to FLL will cease and he will provide Christina with a minimum of $500,000 life insurance until age 25. G. The necessary legal work to accomplish the above is completed and accepted prior to 20 July 1990.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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