How is the Effective Date of the Veteran's Incentive Program Addendum determined for Cicis?
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 Cicis's 2025 Franchise Disclosure Document, the Effective Date of the Veteran's Incentive Program Addendum depends on whether the addendum is related to an Area Development Agreement or a Franchise Agreement. For the Area Development Agreement, the Effective Date of the Veteran's Incentive Program Addendum is the same as the Effective Date of the Area Development Agreement. For the Franchise Agreement, the Effective Date of the Veteran's Incentive Program Addendum is the same as the Effective Date of the Franchise Agreement.
For a prospective Cicis franchisee, this means that the benefits and conditions outlined in the Veteran's Incentive Program Addendum, such as the waiver of certain fees, will take effect on the same date as the underlying agreement (either the Area Development Agreement or the Franchise Agreement). It is important for the franchisee to understand the effective dates of both the main agreement and the addendum to properly track when the incentive program benefits begin and to ensure compliance with all requirements.
Cicis stipulates that to qualify for the Veteran's Incentive Program, the franchisee must provide true and correct supporting information and meet all requirements for participation. Cicis retains the right to revoke participation in the program if the franchisee no longer qualifies or if the supporting information changes. Therefore, maintaining eligibility and promptly notifying Cicis of any changes are crucial for continued participation and enjoyment of the program's benefits.
This structure is fairly typical in franchising, where addendums modify existing agreements and their effective dates are tied to the original agreement to ensure clarity and legal consistency. Franchisees should carefully review all agreements and addendums with legal counsel to fully understand their rights and obligations.