We've now obtained the divorce settlement, and it provides every copy of the Collins' audio in which he confesses to child molestation must be destroyed, with the exception of the original -- which is now in Grant's possession. Grant must deliver the tape to Collins' lawyer, Shawn Holley, who will keep it under lock and key for 10 years and only release it if there's a subpoena.
As for the rest of the settlement, it's pretty much a 50/50 split. As we previously reported the pot is worth around $14 million. Stephen Collins and Faye Grant have settled one of the nastiest celebrity divorces in memory ... TMZ has learned.