In a recent New Jersey alimony case, a father appealed from three post-judgment orders requiring him to pay additional alimony and additional child support from 2010-2013 in line with a marital settlement agreement. The couple had divorced in 2010 after a marriage that lasted 15 years and resulted in two kids, who were teens at the time of divorce.
The parties were divorced in 2010 after 15 years of marriage and two children, both now teenagers. The father was a high-earning specialist in financial services. He’d been laid off but also gotten hired again at the same or higher level of compensation. The mother was a product manager earning more than $80,000 by the end of the marriage.
The mother and father were represented by attorneys during the divorce, and the attorneys had negotiated the marital settlement agreement, which was more than 30 pages long. There were 10 paragraphs about alimony and child support. These included a provision in which the husband would pay base child support for the calendar year and also pay additional child support of 8% from the gross amount of the bonus, incentive award, deferred compensation, or other form of compensation until the kids were emancipated.