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2. * * * [Toni Sarchett] shall pay to * * *
[Jon Sarchett] the sum of twenty-five thousand * * *
dollars on or before June 30, 2004;
3. * * * [Toni Sarchett] shall pay to * * *
[Jon Sarchett] the sum of twenty-five thousand * * *
dollars on or before September 30, 2004;
4. * * * [Toni Sarchett] shall pay to * * *
[Jon Sarchett] the sum of twenty-five thousand * * *
dollars on or before December 31, 2004; and
5. * * * [Toni Sarchett] shall pay to * * *
[Jon Sarchett] the sum of twenty-five thousand * * *
dollars on or before March 31, 2005.
In a separate section dealing with spousal support, petitioner
was ordered to pay to her former husband the sum of $4,000 per
month “continuing until death of either party, remarriage of the
supported party, or further order of Court.” Payment of the
spousal support was to be suspended “for so long as * * * [Toni
Sarchett] is in full compliance with the equalization payment
schedule set forth above in paragraph II.” The agreement further
provided that, in the event of default in any of the equalization
payments, the spousal support arrears would become due and
payable from April 1, 2004, through the date of default, and the
monthly spousal support payments would be reinstated and continue
until the death of either party, remarriage of Jon Sarchett, or
further order of Court.
During 2004, petitioner made spousal support payments to her
former spouse totaling $18,000. Petitioner also made four
equalization payments totaling $200,000, consisting of four
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Last modified: November 10, 2007