Case File
efta-efta01144060DOJ Data Set 9OtherPrenuptial Agreement betwee
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DOJ Data Set 9
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efta-efta01144060
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Prenuptial Agreement betwee
1. Starting at marriage through year 5. 6K per month while employed full time as a
NASCAR driver. If the marriage dissolves before then
would only get the
6K/month along with a HOOK re-location payment, payable not later than 3 months
after the final divorce decree by the judge. If any children are involved there would
be an extra $100K per child added. If children, agree that she has to remain within a
30 miles drive of the location you pick as the most logical choice for your racing
career. So if married 5 years she will have received $360K plus the 100K re-location
payment with no kids, an additional 100K per child if applicable.
2. 5 to 10 years. Start vesting 50K per year starting in year 5, so if married 7 years
she would continue to get the 6 K per month as long as you are driving plus another
$200K. The $100K re-location plus the extra HOOK she earned for the two years.
3. 10 to 15 years. A $500K payment paid over a 3-year term along with a re-
location payment of $250K paid immediately.
4. 15 to 20 years. $1 million dollar lump sum paid over 3 years and a $1 million
dollar re-location paid over two years in two installment payments. 500K each year.
5. Anything after 20 years is the greater of section 4 or 15% of net worth with
immediate payment of 500K for relocation then 20% per year of the 15% (Net
worth to be agreed on annually by CPA /Wealth manager and signed off by all
parties. This valuation to be used if divorced within the following year.)
Notes:
•
Each 5-year period will wipe out any of the benefits that had been earned
and the new schedule will apply. She doesn't get to add all the lump sums
up. The agreement takes her up each 5 years.
•
No settlement can ever exceed 50% of net wealth.
• IfMnet
worth ever equals or exceeds
then any reoccurring or
future settlement ends.
EFTA01144060
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