# 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.

[See more updates](/content/changelog/post-termination-exercise-period/index.html)

## Equity doesn't have to be complicated. Join Cake today to see for yourself!