In Re Marriage of Harrison

Katherine S. Harrison (Katherine) appeals portions of the August 23, 1982, interlocutory judgment dissolving her 65-month marriage (Feb. 2, 1974 to June 27, 1979) to John Eugene Harrison (Eugene) and the April 22, 1983, order terminating spousal support, denying attorney fees and setting the value of stock and dividends from the Loral Corporation, Eugene’s employer. We reject Katherine’s challenge to the court’s valuation of stock obtained through Eugene’s exercise of the Loral stock options. We conclude the court’s formula establishing the community interest in the Loral stock was within its equitable discretion and Katherine’s acceptance of the cash benefits of the order precludes her receiving her community interest in shares of stock. We also decide the court acted within its discretion in terminating spousal support; erred in ordering a stepdown amount of spousal support for a nine-month period, in granting Eugene an Epstein credit (see post, p. 1229) and in denying attorney’s fees. We therefore affirm in part, reverse and modify in part, and remand for further proceedings consistent with this opinion.

I

The Stock Options

For convenience and brevity we include…