According to Checkers, what calendar day is the 'Bi-weekly Period' closest to?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
"Bi-weekly Period" – Each two (2)-week period starting on Tuesday and continuing through the second Monday thereafter, subject to change by us, and provided that the first Bi-weekly Period in any Fiscal Year shall begin on the first day of our Fiscal Year for that year, regardless of the day in the calendar week upon which that first day falls (currently the Tuesday closest to any December 31st, whether arising in late December of one calendar year or early January of the following calendar year).
Source: Item 22 — CONTRACTS (FDD pages 91–92)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, a 'Bi-weekly Period' is defined as each two-week period starting on Tuesday and continuing through the second Monday thereafter. Checkers retains the right to change this schedule. The first Bi-weekly Period in any Fiscal Year will begin on the first day of Checkers' Fiscal Year for that year, regardless of the day in the calendar week upon which that first day falls. Currently, the Tuesday that starts the bi-weekly period is the one closest to December 31st, whether it falls in late December or early January of the following year.
For a prospective Checkers franchisee, this definition is important for understanding payment schedules, reporting deadlines, and other operational aspects tied to these periods. Franchisees should be aware that Checkers can modify the bi-weekly period, which could impact their internal accounting and payroll processes.
Understanding the fiscal year start and how it affects the Bi-weekly Period is crucial for planning and financial forecasting. Franchisees should confirm with Checkers the exact dates of the fiscal year and bi-weekly periods to ensure accurate financial reporting and compliance.