How is the 'Bi-weekly Period' defined for Checkers franchisees?
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 a two-week duration starting on a Tuesday and continuing through the second Monday thereafter. However, Checkers retains the right to modify this period.
Notably, the first bi-weekly period of each fiscal year will commence on the first day of Checkers' fiscal year, irrespective of the day of the week. Currently, this day is the Tuesday closest to December 31st, which may fall in late December or early January of the following year.
This definition is important because Checkers requires franchisees to submit a report of Net Sales no later than the fifth day following the end of each Bi-weekly Period. Therefore, understanding the exact start and end dates of these periods is crucial for compliance and accurate financial reporting.