In determining an application for leave to execute pending appeal, the court must exercise a wide discretion based on what is just and equitable in all circumstances, considering: (1) potentiality of irreparable harm to appellant if leave granted; (2) potentiality of irreparable harm to respondent if leave refused; (3) prospects of success on appeal, particularly whether the appeal is frivolous, vexatious or noted to gain time or harass; and (4) balance of hardship. Where a party has repeatedly and unsuccessfully sought to avoid execution through various procedural mechanisms, consents to owing a substantial portion of the judgment debt, and presents grounds of appeal that merely repeat previously rejected arguments, the appeal will be found to be frivolous and vexatious, warranting the grant of leave to execute pending appeal.