Who is eligible to receive the support staff bonus from the Administrative Fund at Exit?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
The Administrative Fund is administered by EXIT. EXIT distributes the Administrative Fund proceeds to Franchise's Administrators for the sole and exclusive purpose of paying an annual bonus to the support staff employed by the Franchise. Franchisees and Brokers of Record are not eligible to receive the support staff bonus from the Administrative Fund. If an office does not have administrative staff, or if the office does not complete and submit the Administrative Bonus information to EXIT by April 30th each year, the Administrative Fund proceeds allocated for the office will be applied to the United States Charitable Fund. The amount paid to the Franchise Administrators employed by the Franchisee is based upon the discretion of the Franchise and is uniform across the EXIT System. Neither EXIT nor its affiliates shall be considered a trustee or fiduciary with respect to any of the Funds, and no such fiduciary or trust relationship is created hereby.
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the Administrative Fund is used to provide annual bonuses to the support staff employed by Exit franchisees. The proceeds from this fund are distributed to the franchisee's administrators, who then use the funds to pay bonuses to eligible support staff. However, franchisees and brokers of record are specifically excluded from receiving these bonuses.
If an Exit office does not have administrative staff, or if the required administrative bonus information is not submitted to Exit by April 30th each year, the funds allocated for that office will be redirected to the United States Charitable Fund. The amount paid to the franchise administrators is determined at the discretion of the franchisee and is intended to be consistent across the Exit system.
It is important to note that Exit retains sole discretion over the deposits into and expenditures from the Administrative Fund. Neither Exit nor its affiliates are considered trustees or fiduciaries with respect to the fund, and no fiduciary or trust relationship is established.