What is the 'Effective Date' of the Cicis Veteran's Incentive Program Addendum?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
es) is delinquent in payment of any amounts guaranteed hereunder, that no dividends or distributions may be made by such Guarantor (or on such Guarantor's account) to its owners, accountholders or beneficiaries or otherwise, for so long as such delinquency exists, subject to applicable law.
IN WITNESS WHEREOF, each of the undersigned has affixed his or her signature on the same day and year as this Guaranty and Assumption of Obligations was executed.
| GUARANTOR(S) | SPOUSE(S) |
|---|---|
| Name: | Name: |
| Sign: | Sign: |
| Address: | Address: |
| Name: | Name: |
| Sign: | Sign: |
| Address: | Address: |
EXHIBIT D-1 DEVELOPMENT INCENTIVE PROGRAM ADDENDUM
(Area Development Agreement)
DEVELOPMENT INCENTIVE PROGRAM ADDENDUM
(Area Development Agreement)
On Smile LLC ("we") and the "Developer" identified below ("you" and, together with us, the "Parties") execute this Development Incentive Program Addendum (the "Addendum") to supplement and amend that certain Area Development Agreement they have executed immediately prior to the execution of this Addendum (as it might have otherwise been amended, the "Development Agreement"). The "Effective Date" of this Addendum is the Effective Date of the Development Agreement. Capitalized terms used but not defined in this Addendum have the meanings given them in the Development Agreement.
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to the 2025 Cicis Franchise Disclosure Document, the Effective Date of the Veteran's Incentive Program Addendum depends on the agreement it supplements. For the Area Development Agreement, the Effective Date of the Addendum is the same as the Effective Date of the Area Development Agreement. For the Franchise Agreement, the Effective Date of the Addendum is the same as the Effective Date of the Franchise Agreement.
For a prospective Cicis franchisee, this means that the incentives outlined in the Veteran's Incentive Program, such as waivers of certain fees, become effective on the same date as the initial agreement (either the Area Development Agreement or the Franchise Agreement) to which the addendum is attached. This ensures that the benefits of the program are aligned with the start of the franchisee's obligations and rights under the primary agreement.
It is important for the franchisee to understand the Effective Date of their specific agreement, as this date triggers the start of the incentive program and any associated benefits. The franchisee should also be aware of any conditions that could impact their participation in the program, such as maintaining good standing with Cicis. These conditions could affect the continuation of the incentives offered under the Veteran's Incentive Program Addendum.