- 8 - ments are made. * * * * * * * 8. Husband has been paying the sum of $6,000 per month as temporary alimony to Wife. Husband's obliga- tion to pay temporary alimony shall terminate on the lst of the month following the month in which Husband completes the payment on the down payment on the stock purchase plan in the amount of $200,000 and pays the lump sum alimony in the amount of $180,000. The perma- nent, periodic alimony as provided for in paragraph 9 shall begin the lst of the month following the payment of such items. Husband's obligation to pay temporary alimony is subject to prior termination upon the death of Wife. 9. Husband shall pay to Wife as and for perma- nent, periodic alimony, the sum of $2,500 per month until the death of Wife, the death of Husband, Wife's remarriage or until Wife cohabits with a man to whom she is not related by blood or marriage on a continuing basis for at least sixty (60) days, whichever first occurs. On the lst of the month following the final payment to Wife by Husband of the total consideration owed to her by reason of the transfer of her stock in Mulberry Motor Parts, Inc., such alimony shall increase to the sum of $3,000 per month. These provisions for permanent, periodic alimony provided in this paragraph of this Final Judgment shall not be subject to modifi- cation by either party, both parties have expressly waived all right to seek modification of the amounts and terms under which permanent, periodic alimony is payable. * * * * * * * 11. Husband shall maintain on his life with Wife as beneficiary, life insurance having death benefits in the amount of $150,000. Husband's obligation to con- tinue insurance for the benefit of Wife shall terminate upon the payment in full of the purchase price of the stock in Mulberry Motor Parts, Inc. At some time on or after December 30, 1985, the date on which the divorce judgment was entered, and on or prior toPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011