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Modifiable reflecting earnings. Husband agrees to pay to Wife, commencing _________, 19__, the sum of $_____ every two weeks, as he gets paid, as support for _________[minor child], until the first to happen of the following events: (1) Death of Husband; (2) Death of Wife (in which case Husband assumes all responsibility and support for _________); (3) Wife has just begun employment as a real estate broker and essentially has no income. The parties recognize that wife has a responsibility to contribute to _________'s support and that Husband should not bear the sole financial burden. Therefore, the parties agree to modify child support sum reflecting Wife's earnings or earning capacity and further agree that _________[cases to the contrary, if any] shall not be applicable to this agreement as regard nonmodificability, downward, where the parties have originally agreed to a child support sum. Wife agrees to submit her income tax returns to Husband if she files separately, at his request or the request of his representative. In the event that Husband feels a modification is appropriate, he shall notify Wife, and the parties shall proceed to renegotiate. If they cannot agree on a new child support sum within two weeks of the notice, they agree to submit it to an appropriate Court. (4) It is clearly understood that the child support amounts shall not change by reason of the remarriage or cohabitation of Wife (subject to subparagraph [3] above); (5) It is clearly understood that all support by Husband shall cease when _________ reaches 18 years of age or marries, whichever event sooner occurs.
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