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as office manager and corporate secretary and eventually took
over most of Barbara’s duties. By the late 1980's, Barbara would
typically work 2 to 3 days per week. She continued to receive a
weekly paycheck from petitioner during the period from 1983 to
1989, in amounts ranging from $225 per week in 1983 to $375 per
week in 1989.
There was tension between Barbara and Walter after their
divorce that was apparent to other employees of petitioner. The
tension grew during the late 1980's, causing some disruption in
petitioner’s office.
Effective May 1, 1989, Barbara agreed to retire from
petitioner and rendered no further services after that date.
Also on that date, Barbara executed two agreements: (1) An
agreement between herself and petitioner entitled “Pension
Agreement” (Pension Agreement); and (2) a “Stipulation, Agreement
and Order” between herself and Walter (Settlement Agreement).
The Settlement Agreement concerned the settlement of the
respective rights and obligations of Barbara and Walter following
their divorce; it was captioned to reflect their divorce
proceedings and also signed by a judge of the Family Court of the
State of Delaware. The Settlement Agreement made specific
reference to, and attached a copy of, the Pension Agreement.
The Pension Agreement, executed by Walter on behalf of
petitioner, provided in relevant part as follows:
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