Under what conditions does Bojangles Opco, LLC offer a Development Incentive Program Addendum?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT P DEVELOPMENT INCENTIVE PROGRAM ADDENDA
- P.1. DEVELOPMENT INCENTIVE PROGRAM ADDENDUM FOR MINORITIES, WOMEN AND VETERANS
- P.2. EQUIPMENT REIMBURSEMENT INCENTIVE PROGRAM ADDENDUM
This Equipment Reimbursement Incentive Program Addendum (this "Addendum") to the Bojangles Development Agreement dated as of (the "Development Agreement") is made as of, by and between BOJANGLES OPCO, LLC, a Delaware limited liability company ("Franchisor"), and , a [State] [Entity Type] ("Developer"). RECITALS In order to encourage the development of franchised Bojangles restaurants ("Restaurants"), Franchisor has implemented an equipment reimbursement incentive program (the "Program"). Pursuant to the Development Agreement, Developer has agreed to develop and open three (3) or more Restaurants in the Assigned Area in accordance with the Development Schedule. pursuant to the Program. Franchisor and Developer are entering into this Addendum to modify the Development Agreement and to provide for Developer's receipt of the Program benefits offered by Franchisor NOW, THEREFORE, in consideration of the mutual covenants, agreements and obligations set forth below, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, agree as follows: 1. Program Eligibility. In order to be eligible to receive, and continue receiving, the benefits of the Program, Developer acknowledges and agrees that it must satisfy the following conditions: A. 31, 2025 to develop at least three (3) new Restaurants; Developer must have signed the Development Agreement no later than December B. concessions from Franchisor or its affiliates; Developer may not participate in any other incentive programs under any other development agreements with Franchisor or its affiliates nor receive any other monetary C. If Developer executes multiple new development agreements with Franchisor simultaneously or in the same year, the Program will only apply to Developer's development agreement that has the most store commitments listed therein; and D. Franchisor and/or its affiliates. Developer and/or its affiliates must be in full compliance with the terms of the Development Agreement, any Franchise Agreement and any other agreement with
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, Bojangles Opco, LLC offers two types of Development Incentive Program Addenda. One is the Equipment Reimbursement Incentive Program Addendum, and the other is a Development Incentive Program Addendum for Minorities, Women, and Veterans.
For the Equipment Reimbursement Incentive Program, a developer must sign the Development Agreement no later than December 31, 2025, to develop at least three new Bojangles restaurants. The developer cannot participate in other incentive programs or receive other monetary concessions from Bojangles or its affiliates. If a developer has multiple new development agreements with Bojangles simultaneously or in the same year, the program applies only to the agreement with the most store commitments. The developer and its affiliates must be in full compliance with all agreements with Bojangles and its affiliates.
The Development Incentive Program Addendum for Minorities, Women, and Veterans is designed to encourage franchise development by individuals from historically underrepresented groups. The franchisee must have a Development Agreement to develop and open three or more restaurants in an assigned area according to the development schedule. The specific criteria to qualify as a minority, woman, or veteran, and the details of the incentives offered under this program, are not detailed in the provided excerpts.