What is the 'Existing Franchisee' definition in the Benjamin Franklin Plumbing referral incentive program?

According to Benjamin Franklin Plumbing's 2025 Franchise Disclosure Document, an "Existing Franchisee" is defined within the context of their referral incentive program. Specifically, it refers to the person or entity that is defined as "Franchisee" in the Franchise Agreement that governs the referring Franchised Business.

This means that if a Benjamin Franklin Plumbing franchisee refers a candidate who ultimately becomes a new franchisee, the referring franchisee (the "Existing Franchisee") is the individual or business entity identified as the franchisee in their own existing franchise agreement with Benjamin Franklin Plumbing. This definition clarifies who is eligible to receive the $15,000 referral incentive payment offered by AB Inc., an affiliate of Benjamin Franklin Plumbing, for successful referrals.

It is important to note that Benjamin Franklin Plumbing retains the right to modify or terminate the referral incentive programs at any time without prior notice. Additionally, franchisees participating in these programs are not authorized to act as sales agents or make any statements on behalf of Benjamin Franklin Plumbing, especially regarding the financial performance or potential success of any franchise.