"Baywatch" star David Hasselhoff and his ex-wife Pamela, have settled their public and nasty child custody dispute in Los Angeles Superior Court.

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The former spouses filed a custody agreement with the court Thursday, evenly sharing joint and physical custody of Taylor, 16, and Haley, 13, TMZ.com reported Friday.

The agreement narrows down the custody shifts for each child to the very hour, the Web site said.

Since Hasselhoff filed for divorce Jan. 12 the couple has leveled a number of charges against each other. He claimed his wife was abusing drugs, while she claimed he was abusing her -- and she even obtained a court order barring him from coming within 100 yards of her.