Post Termination Exercise Period | Cake Equity Changelog
Automate exercise deadlines with PTEP
09 December 2024
Update by
Aaron Blakemore
Senior Product Manager
Post Termination Exercise Period (PTEP) is a critical compliance requirement for US equity grants, and is now fully integrated into Cake Equity. This lets you set clear deadlines, automate the process, and ensure nothing falls through the cracks when team members leave.
What you can do:
- Set default PTEP terms at the pool level for consistent application
- Customize exercise periods for individual offers when needed
- Include PTEP details directly in your offer letters
- Seamlessly integrate with the off-boarding process to automatically track exercise deadlines
This feature works hand-in-hand with Cake's off-boarding capabilities, automatically populating the relevant exercise periods when team members leave your company.