Oksana Grigorieva, Mel Gibson [PHOTOS] 50-50 Custody Settlement, To end the acrimonious dispute that practically dates back to the October 2009 birth of their daughter, Lucia, Mel Gibson agreed on Wednesday to pay $750,000 over the next five years to ex-girlfriend Oksana Grigorieva.

"As the result of a multiday settlement conference, the court announces that Mel Gibson and Oksana Grigorieva have achieved a settlement in their ongoing dispute," the court said in a statement.

Mel and Oksana will have joint custody of their daughter (PHOTOS), Lucia, and Mad Mel must pay the Russian beauty $750k. The deal was announced in a courtroom in Los Angeles.

The $750k will be paid in three payments, and Lucia will receive the same amount of money that his other children with ex-wife Robyn receive.

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