factual

What is required of a Cicis franchisee to qualify for the Underperforming Incentive Program?

Cicis Franchise · 2025 FDD

Answer from 2025 FDD Document

    1. Franchisee's Representations. You represent and acknowledge that (i) the information you provided us in your application for the Underperforming Incentive Program (the "Program") was true and correct when provided and is true and correct as of the date you sign this Addendum; (ii) based on such information, you qualify and have been approved by us to participate in the Program; and (iii) you are in Good Standing (as defined in Section 5 below).

Source: Item 23 — RECEIPTS (FDD pages 65–263)

What This Means (2025 FDD)

According to the 2025 Cicis Franchise Disclosure Document, to qualify for the Underperforming Incentive Program, a franchisee must meet certain conditions. Specifically, the franchisee must represent and acknowledge that the information provided in their application for the program was true and correct when provided and remains true and correct as of the date they sign the Underperforming Incentive Program Addendum. Additionally, based on this information, Cicis must approve the franchisee's participation in the program.

Another key requirement is that the franchisee must be in "Good Standing," as defined in Section 5 of the addendum. While the specific criteria for "Good Standing" are not detailed in this excerpt, it generally implies that the franchisee must be compliant with the terms and conditions of their existing Franchise Agreement with Cicis.

In practical terms, a prospective Cicis franchisee seeking to participate in the Underperforming Incentive Program should ensure that all information provided in their application is accurate and up-to-date. They should also strive to maintain compliance with all obligations under their Franchise Agreement to remain in "Good Standing" and thus eligible for the program. Failure to meet these requirements could result in the denial of participation in the program or revocation of any benefits already received.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.