- 3 - 4. ALIMONY 4.01. Alimony. (a) Amount. Husband shall pay to Wife as alimony for her support and maintenance the sum of Five Thousand Dollars ($5,000.00) per month commencing on December 15, 1992. This amount shall be paid through and including December 15, 1994, at which time it shall be reduced to the sum of Four Thousand Dollars ($4,000.00) per month through and including December 14, 2002. * * * * * * * (c) Duration. Alimony payments shall cease in the event of Wife's death, Husband's death or Wife's remarriage. (d) Tax Treatment of Alimony Payments. Said payments shall be deductible by Husband on any federal or state tax return commencing in the year 1992, and continuing each year that alimony is paid, pursuant to Internal Revenue Code Regulations and Wife agrees and acknowledges she shall include this sum as income on any federal or state income tax return that she executes. Both parties further agree from this time forward not to assert a position in the preparation and filing of their tax returns, whether singly or jointly with another, inconsistent with the terms and provisions of this paragraph. * * * * * * * 5. WIFE'S EDUCATION EXPENSES 5.01. Wife's Education Expenses. Husband shall pay to Wife all expenses for Wife to complete a four (4) year college degree, to include only the actual tuition, books, laboratory fees and matriculation fees, activity fees, and other fees charged by the institution selected by Wife, which is presently Oglethorpe University of Georgia in Atlanta. He shall pay thesePage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Next
Last modified: May 25, 2011