What are 'Qualifying Franchise Agreements' in the context of Cicis' Veterans Incentive Program?

According to Cicis' 2025 Franchise Disclosure Document, 'Qualifying Franchise Agreements' are defined within the context of both the Veteran's Incentive Program and the Development Incentive Program. For veterans participating in the Veteran's Incentive Program who also have an Area Development Agreement, these agreements refer to the Franchise Agreements that the veteran or their affiliates execute pursuant to the Development Agreement, starting from the effective date of the addendum.

For veterans participating in the Veteran's Incentive Program without an Area Development Agreement, the term 'Qualifying Franchise Agreement' is not explicitly defined in the provided excerpts. However, the excerpts do state that Cicis approves participation in the program with respect to the Franchise Agreement.

For developers participating in the Development Incentive Program, 'Qualifying Franchise Agreements' are the Franchise Agreements that the developer or their affiliates execute pursuant to the Development Agreement, beginning from the effective date of the Development Incentive Program Addendum. Cicis may revoke participation in the program if the developer no longer qualifies. These definitions are important because the incentives, such as waivers of fees or modifications to royalty fees, apply specifically to these Qualifying Franchise Agreements, provided the franchisee remains in good standing and approved for the program.