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HomeMy WebLinkAbout0491 _ _ _ _ - - - - - _ . - r - Z B. Each child designated above is a third-party beneficiary of the covenants made above for his benefit and (in his own name or by next friend or other represen- tative) may enforce the performance of those covenants. C. The contractual benefits and remedies of a child under this agreement are cumulative of any other rights. and remedies now or hereafter given to the child by law. except that any child support payments made by Husband under a judicial decree for .such support shall constitute credits against and pro tanto discharge of the support payments called for in this section. D. Husband's obligation to or for the benefit of each child designated .above shall cease on the lst day of the calendar month in which Husband's death occurs. Section XI FEDERAL INC02~iE TAX For the calendar year 1977, Wife will be liable for Federal income tax due (or entitled to any refund of over- payment of Federal income tax) in connection with or related _to her earnings from personal employment the same as if she had been an Unmarried Head of Household for the full calendar f year of 1977. Wife will claim as a dependent on her Federal B ~ income Tax Return for the year 1977 (and subsequent years) all children of the parties over whom she is appointed managing conservator. Wife will use the standard deduction method for reporting her Federal income tax for the year 1977. F S 2 i F t - ~ ~ if ~ 1 ds n.. E BOOK314 PACE 489-