- 7 -
Wife with health insurance, as presently established
and in conformity with the same health insurance
provided to Husband. Such benefits shall continue
until the sale of Walter S. Bandurski, Inc. to a third
party bona fide purchaser. So long as Wife receives
her pension payment and benefits as herein set forth,
Wife waives her right to alimony pursuant to 13 Del. C.
�1512(d). Upon the sale of Walter S. Bandurski, Inc.
and the termination of Wife’s pension payment and the
other benefits provided herein, the parties shall
attempt to agree on Wife’s entitlement to alimony, if
any, and upon their failure to agree, the matter shall
be submitted to the Family Court for a determination.
Husband further agrees to personally
guarantee Wife’s pension payment during Wife’s
entitlement to such pension payment and agrees that any
increase in Husband’s salary from its present amount of
$1,000.00 per week or upon Husband receiving any other
benefits such as stock, bonus or pension amounts that
Wife shall receive a proportionate increase in her
pension payment so that the parties continue to draw
benefits at the same ratio as presently established
between Husband’s salary of $1,000.00 per week and
Wife’s salary of $375.00 per week.
The Settlement Agreement also provided that the reconciliation or
remarriage of Barbara and Walter would not affect its terms and
that “The property division embodied herein has been made in
recognition and as an alternative to the jurisdiction of the
Family Court of the State of Delaware to equitably divide marital
property pursuant to Delaware matrimonial and property statutes.”
Petitioner issued Forms W-2, Wage and Tax Statement, to
Barbara reporting the payments at issue as employee compensation
and claimed deductions for those payments in each year at issue.
Barbara did not report any income as alimony during the years at
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Next
Last modified: May 25, 2011