The couple’s divorce agreement was pursuant to a separation contract, which is not public. Neither person will pay spousal support, according to court documents filed Monday. No other financial details are included in publicly available documents.
French Gates does not plan to change her name, according to court documents.
“If after two years either decides they cannot continue to work together as co-chairs, French Gates will resign her position as co-chair and trustee,” CEO Mark Suzman said.
If that happens, Gates would remain in control and, essentially, buy her out of the foundation, Suzman said. French Gates would receive “personal resources” from Gates for her own philanthropic work — resources that would be “completely separate from the foundation’s endowment.”
–CNN Business’ Allison Morrow contributed to this report.