Complex sentence: The Franklin Planner, a paper-based time management system created by Hyrum W. Smith and marketed from 1997 by the FranklinCovey company, consists physically of a ring binder holding specially designed loose-leaf pages.
Split into simpler sentences: The Franklin Planner is a paper-based time management system created by Hyrum W. Smith. Physically it consists of a ring binder holding specially designed loose leaf pages.