What is Cicis' Veterans Incentive Program referred to as in this document?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
On Smile LLC ("we") and the "Developer" identified below ("you" and, together with us, the "Parties") execute this Veteran's 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. For valuable consideration, receipt and sufficiency of which are acknowledged, the Parties agree as follows:
Representations Regarding Veteran Status.
You have asked to participate in our Veterans Incentive Program (the "Program") and, in support of your request, have provided us with information, whether as part of the Application Materials or separately (the "Supporting Information"), to confirm your qualifications to participate in the Program.
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to Cicis' 2025 Franchise Disclosure Document, the company's Veterans Incentive Program is referred to as the "Program" within the context of both the Area Development Agreement and the Franchise Agreement. Specifically, the document includes addenda to these agreements that outline the terms and conditions of the incentive for eligible veterans.
The Area Development Agreement includes a "Veteran's Incentive Program Addendum" which supplements and amends the agreement. Similarly, the Franchise Agreement also has a "Veteran's Incentive Program Addendum" that serves the same purpose. These addenda detail the representations regarding veteran status, potential waivers of the Development Fee and Initial Franchise Fee, and modifications to royalty fees under certain conditions.
To participate in the Program, a veteran must provide supporting information to confirm their qualifications and must notify Cicis of any changes to this information. Cicis retains the right to revoke participation in the Program if a franchisee no longer qualifies or ceases to be in good standing. This program aims to support veterans by reducing initial costs and modifying royalty fees, contingent on their continued eligibility and compliance with the franchise agreement.