Balter v. Balter

PRICE, Judge:

Appellant and appellee, former husband and wife, entered into a settlement agreement on May 8, 1975. They were subsequently divorced by Decree entered June 2, 1975. Under the terms of the agreement, appellant promised to pay his wife a sum equal to six percent of any proceeds he might receive from the sale, during his lifetime, of his forty-five percent interest in Morris Paper Company, Incorporated.

*354Appellant subsequently sold his entire interest in Morris Paper Company, Inc. for $2,718,639.60 and received a down payment of $679,659.90 and a promissory note from the buyer for…