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term set |
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See hybrid. |
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Under the CMAT, the surviving spouse would receive any annuity payment that would have been paid to the grantor had the grantor survived the remainder of the designated term set forth in the GRAT. Previously there was no specific term set for how long alimony should last. Hough will become a Class 1 Director on the PBiz Board with a term set to expire at the Company's annual meeting this year. |
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