Common use of Spousal Support Clause in Contracts

Spousal Support. It is expressly agreed by the parties herein that each party relinquishes or waives any right or interests they have had as alimony, support or maintenance from the other, except as provided within the terms of this Agreement. This Agreement will replace any and all previous agreements between the parties which may have been entered into between said parties, and supersedes any temporary orders of any court which may be in effect. Party to pay for spousal support (Check one) ☐ No one will pay spousal support. In consideration of the above, and having regard for the parties’ circumstances, including the duration of their marriage and the parties’ skills, the parties herein specifically waive and relinquish any right to any form of spousal support, alimony or maintenance. Neither party shall receive spousal support from the other. The parties further waive any future right to modification of spousal support of any kind, temporary, permanent, periodic, rehabilitative, lump sum or any combination or form thereof, whether that right be provided by statute or any other regulation. ☐ Respondent will pay for spousal support. Respondent shall pay: (Check one) ☐ For a number of years. Respondent shall pay support in the sum of $______________ per month beginning ____________________, 20______ and continuing to be paid on the first day of each month thereafter for a total period of __________ years. Such spousal support payments shall automatically terminate upon the final payment hereunder, Petitioner remarriage or the death of either party. The spousal support shall be taxable to Petitioner and deductible by Respondent. The spousal support shall be (Check one) ☐ modifiable ☐ non-modifiable. ☐ Until Petitioner remarries or dies. Respondent shall pay to Petitioner permanent periodic spousal support in the sum of $______________ per month beginning ____________________, 20______ and continuing to be paid on the first day of each month thereafter. Such spousal support payments shall automatically terminate upon Petitioner's remarriage or the death of either party. The spousal support shall be taxable to Petitioner and deductible by Respondent. The spousal support amount shall be (Check one) ☐ modifiable ☐ non-modifiable. ☐ Petitioner will pay for spousal support. Petitioner shall pay: (Check one) ☐ For a number of years. Petitioner shall pay support in the sum of $______________ per month beginning ____________________, 20______ and continuing to be paid on the first day of each month thereafter for a total period of __________ years. Such spousal support payments shall automatically terminate upon the final payment hereunder, Respondent remarriage or the death of either party. The spousal support shall be taxable to Respondent and deductible by Petitioner. The spousal support shall be (Check one) ☐ modifiable ☐ non-modifiable. ☐ Until Respondent remarries or dies. Petitioner shall pay to Respondent permanent periodic spousal support in the sum of $______________ per month beginning ____________________, 20______ and continuing to be paid on the first day of each month thereafter. Such spousal support payments shall automatically terminate upon Respondent 's remarriage or the death of either party. The spousal support shall be taxable to Respondent and deductible by Petitioner. The spousal support amount shall be (Check one) ☐ modifiable ☐ non-modifiable. Life Insurance (Check one) ☐ Not applicable ☐ Respondent will pay for spousal support and carry a life insurance policy. To guarantee a portion of the spousal support, Respondent will obtain and maintain at his/her sole expense a term life insurance policy insuring his/her life in the amount of $______________ with Petitioner being the beneficiary. This policy shall be in full force and effect for: (Check one) ☐ __________ years from the execution of this Agreement, after which time Respondent shall have no further obligation to maintain such policy and may terminate such policy as deemed appropriate. ☐ As long as Respondent is obligated to pay spousal support under this Agreement, after which time Respondent shall have no further obligation to maintain such policy and may terminate such policy as deemed appropriate. ☐ Petitioner will pay for spousal support and carry a life insurance policy. To guarantee a portion of the spousal support, Petitioner will obtain and maintain at his/her sole expense a term life insurance policy insuring his/her life in the amount of $______________ with Respondent being the beneficiary. This policy shall be in full force and effect for: (Check one) ☐ __________ years from the execution of this Agreement, after which time Petitioner shall have no further obligation to maintain such policy and may terminate such policy as deemed appropriate. ☐ As long as Petitioner is obligated to pay spousal support under this Agreement, after which time Petitioner shall have no further obligation to maintain such policy and may terminate such policy as deemed appropriate.

Appears in 2 contracts

Samples: Separation Agreement, Divorce Agreement

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Spousal Support. It is expressly agreed by the parties herein that each party relinquishes or waives any right or interests they have had as alimony, support or maintenance from the other, except as provided within the terms of this Agreement. This Agreement will replace any and all previous agreements between the parties which may have been entered into between said parties, and supersedes any temporary orders of any court which may be in effect. Party to pay for spousal support (Check one) ☐ No one will pay spousal support. In consideration of the above, and having regard for the parties’ circumstances, including the duration of their marriage and the parties’ skills, the parties herein specifically waive and relinquish any right to any form of spousal support, alimony or maintenance. Neither party shall receive spousal support from the other. The parties further waive any future right to modification of spousal support of any kind, temporary, permanent, periodic, rehabilitative, lump sum or any combination or form thereof, whether that right be provided by statute or any other regulation. Respondent will pay for spousal support. Respondent shall pay: (Check one) ☐ ☐ ☐ For a number of years. Respondent shall pay support in the sum of $______________ $ per month beginning ____________________, 20______ 20 and continuing to be paid on the first day of each month thereafter for a total period of __________ years. Such spousal support payments shall automatically terminate upon the final payment hereunder, Petitioner remarriage or the death of either party. The spousal support shall be taxable to Petitioner and deductible by Respondent. The spousal support shall be (Check one) modifiable non-modifiable. ☐ ☐ ☐ Until Petitioner remarries or dies. Respondent shall pay to Petitioner permanent periodic spousal support in the sum of $______________ $ per month beginning ____________________, 20______ 20 and continuing to be paid on the first day of each month thereafter. Such spousal support payments shall automatically terminate upon Petitioner's remarriage or the death of either party. The spousal support shall be taxable to Petitioner and deductible by Respondent. The spousal support amount shall be (Check one) modifiable non-modifiable. ☐ Petitioner will pay for spousal support. Petitioner shall pay: (Check one) ☐ ☐ ☐ For a number of years. Petitioner shall pay support in the sum of $______________ $ per month beginning ____________________, 20______ 20 and continuing to be paid on the first day of each month thereafter for a total period of __________ years. Such spousal support payments shall automatically terminate upon the final payment hereunder, Respondent remarriage or the death of either party. The spousal support shall be taxable to Respondent and deductible by Petitioner. The spousal support shall be (Check one) modifiable non-modifiable. ☐ ☐ ☐ Until Respondent remarries or dies. Petitioner shall pay to Respondent permanent periodic spousal support in the sum of $______________ $ per month beginning ____________________, 20______ 20 and continuing to be paid on the first day of each month thereafter. Such spousal support payments shall automatically terminate upon Respondent 's remarriage or the death of either party. The spousal support shall be taxable to Respondent and deductible by Petitioner. The spousal support amount shall be (Check one) modifiable non-modifiable. Life Insurance (Check one) ☐ Not applicable Respondent will pay for spousal support and carry a life insurance policy. To guarantee a portion of the spousal support, Respondent will obtain and maintain at his/her sole expense a term life insurance policy insuring his/her life in the amount of $______________ $ with Petitioner being the beneficiary. This policy shall be in full force and effect for: (Check one) ☐ __________ years from the execution of this Agreement, after which time Respondent shall have no further obligation to maintain such policy and may terminate such policy as deemed appropriate. As long as Respondent is obligated to pay spousal support under this Agreement, after which time Respondent shall have no further obligation to maintain such policy and may terminate such policy as deemed appropriate. Petitioner will pay for spousal support and carry a life insurance policy. To guarantee a portion of the spousal support, Petitioner will obtain and maintain at his/her sole expense a term life insurance policy insuring his/her life in the amount of $______________ $ with Respondent being the beneficiary. This policy shall be in full force and effect for: (Check one) ☐ __________ years from the execution of this Agreement, after which time Petitioner shall have no further obligation to maintain such policy and may terminate such policy as deemed appropriate. As long as Petitioner is obligated to pay spousal support under this Agreement, after which time Petitioner shall have no further obligation to maintain such policy and may terminate such policy as deemed appropriate.

Appears in 1 contract

Samples: Divorce Agreement

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Spousal Support. It is expressly agreed by the parties herein that each party relinquishes or waives any right or interests they have had as alimony, support or maintenance from the other, except as provided within the terms of this Agreement. This Agreement will replace any and all previous agreements between the parties which may have been entered into between said parties, and supersedes any temporary orders of any court which may be in effect. Party to pay for spousal support (Check one) ☐ No one will pay spousal support. In consideration of the above, and having regard for the parties’ circumstances, including the duration of their marriage and the parties’ skills, the parties herein specifically waive and relinquish any right to any form of spousal support, alimony or maintenance. Neither party shall receive spousal support from the other. The parties further waive any future right to modification of spousal support of any kind, temporary, permanent, periodic, rehabilitative, lump sum or any combination or form thereof, whether that right be provided by statute or any other regulation. Respondent will pay for spousal support. Respondent shall pay: (Check one) ☐ ☐ ☐ For a number of years. Respondent shall pay support in the sum of $______________ $ per month beginning ____________________, 20______ 20 and continuing to be paid on the first day of each month thereafter for a total period of __________ years. Such spousal support payments shall automatically terminate upon the final payment hereunder, Petitioner remarriage or the death of either party. The spousal support shall be taxable to Petitioner and deductible by Respondent. The spousal support shall be (Check one) modifiable non-modifiable. ☐ ☐ ☐ Until Petitioner remarries or dies. Respondent shall pay to Petitioner permanent periodic spousal support in the sum of $______________ $ per month beginning ____________________, 20______ 20 and continuing to be paid on the first day of each month thereafter. Such spousal support payments shall automatically terminate upon Petitioner's remarriage or the death of either party. The spousal support shall be taxable to Petitioner and deductible by Respondent. The spousal support amount shall be (Check one) modifiable non-modifiable. ☐ Petitioner will pay for spousal support. Petitioner shall pay: (Check one) ☐ ☐ ☐ For a number of years. Petitioner shall pay support in the sum of $______________ $ per month beginning ____________________, 20______ 20 and continuing to be paid on the first day of each month thereafter for a total period of __________ years. Such spousal support payments shall automatically terminate upon the final payment hereunder, Respondent remarriage or the death of either party. The spousal support shall be taxable to Respondent and deductible by Petitioner. The spousal support shall be (Check one) modifiable non-modifiable. ☐ ☐ ☐ Until Respondent remarries or dies. Petitioner shall pay to Respondent permanent periodic spousal support in the sum of $______________ $ per month beginning ____________________, 20______ 20 and continuing to be paid on the first day of each month thereafter. Such spousal support payments shall automatically terminate upon Respondent 's remarriage or the death of either party. The spousal support shall be taxable to Respondent and deductible by Petitioner. The spousal support amount shall be (Check one) modifiable non-modifiable. Life Insurance (Check one) ☐ Not applicable ☐ Respondent will pay for spousal support and carry a life insurance policy. To guarantee a portion of the spousal support, Respondent will obtain and maintain at his/her sole expense a term life insurance policy insuring his/her life in the amount of $______________ $ with Petitioner being the beneficiary. This policy shall be in full force and effect for: (Check one) ☐ __________ years from the execution of this Agreement, after which time Respondent shall have no further obligation to maintain such policy and may terminate such policy as deemed appropriate. ☐ As long as Respondent is obligated to pay spousal support under this Agreement, after which time Respondent shall have no further obligation to maintain such policy and may terminate such policy as deemed appropriate. Petitioner will pay for spousal support and carry a life insurance policy. To guarantee a portion of the spousal support, Petitioner will obtain and maintain at his/her sole expense a term life insurance policy insuring his/her life in the amount of $______________ $ with Respondent being the beneficiary. This policy shall be in full force and effect for: (Check one) ☐ __________ years from the execution of this Agreement, after which time Petitioner shall have no further obligation to maintain such policy and may terminate such policy as deemed appropriate. As long as Petitioner is obligated to pay spousal support under this Agreement, after which time Petitioner shall have no further obligation to maintain such policy and may terminate such policy as deemed appropriate.

Appears in 1 contract

Samples: Separation Agreement

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