Marriage of Cheriton
California Court of Appeal
92 Cal. App. 4th 269, 111 Cal. Rptr. 2d 755 (2001)
- Written by Meredith Hamilton Alley, JD
Facts
David Cheriton (plaintiff), a professor at Stanford University, and Iris Fraser (defendant), a music teacher and performer, married and had four children. Cheriton worked as a consultant to a technology company and received vested stock options as compensation for his work. Cheriton and Fraser separated in 1994, and Cheriton filed a petition for dissolution of the marriage. In 1997, Cheriton grossed about $9.75 million from the exercise of options and sale of stock. Some time afterwards, the trial court established a child-support order. The child-support calculation did not include the net proceeds from the $9.75 million. Fraser appealed, arguing that the trial court should have included the net proceeds in its child-support calculation. Cheriton maintained that the net proceeds should not be included in the child-support calculation because he did not regularly receive such options.
Rule of Law
Issue
Holding and Reasoning (Wunderlich, J.)
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