At common law, the execution of a judgment is automatically suspended upon the noting of an appeal, but a party may apply for leave to execute pending appeal. In exercising its discretion to grant or refuse such leave, the court must determine what is just and equitable in all circumstances, having regard to: (1) the potentiality of irreparable harm to the appellant if leave is granted; (2) the potentiality of irreparable harm to the respondent if leave is refused; (3) the prospects of success on appeal, including whether the appeal is frivolous, vexatious or noted for an indirect purpose such as delay or harassment; and (4) the balance of hardship. Where an appeal lacks merit and appears designed merely to delay execution rather than to genuinely seek reversal of the judgment, leave to execute pending appeal should be granted. The onus is on the applicant for leave to execute to establish special circumstances justifying such leave.