Estate of Marcia P. Hoffman, deceased, Elisabeth Hoffman, Personal Representative - Page 6




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               money in lieu of corporate distributions, then, and in                 
               that event, he shall be entitled to be repaid by the                   
               Wife, without interest, from such distribution                         
               ultimately received by the Wife, at such time these                    
               distributions are received and exceed the guaranteed                   
               amounts of payments pursuant to � 6.6(B) due as of that                
               time.  Further, in the event that the Wife should sell                 
               all or a portion of her stock in either of the                         
               corporations, Husband shall also be entitled to be                     
               repaid by the Wife for any personally guaranteed                       
               amounts funded in lieu of corporate distributions,                     
               without interest, from the net after tax proceeds of                   
               any such sale to the extent such net after tax                         
               proceeds, together with all personally guaranteed                      
               amounts and prior distributions to her pursuant to �                   
               6.6(B) exceed the sum of Two million ($2,000,000.00)                   
               dollars.                                                               
               Paragraph 6.6D provided that nothing in the marital                    
          settlement, “except for the cumulative receipt by the Wife” of              
          the payments specified in paragraph 6.6B, would satisfy Mr.                 
          Hoffman’s obligation for the payment of $2 million in personal              
          guaranties.  The marital settlement did not state that the $2               
          million guaranty was in the form of alimony and was silent as to            
          whether Mr. Hoffman’s obligation to decedent terminated at the              
          death of either party.                                                      
               Article IV contained an offset provision related to article            
          VI.  Paragraph 4.2 provided that the annual alimony received by             
          decedent would be reduced by $80 per year (at a rate of $6.67 per           
          month) for each $1,000 received by decedent after January 1,                
          1992, pursuant to the terms of paragraph 6.6B.  Article IV                  
          further provided:                                                           
                    4.3 Notwithstanding the fact that all amounts                     
               received by the Wife as the INITIAL BASE MONTHLY                       





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