The parties to this action were married in 1967 and divorced in 1977. By the terms of an amendment to their separation agreement, which was incorporated but not merged into the divorce judgment, plaintiff was to pay defendant a base annual alimony of $24,000 until January 1, 1979, with annual adjustments thereafter not to exceed $45,000 per year. The agreement expressly provides that plaintiff's obligation to pay alimony will cease only upon either party's death or defendant...
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