Post-Termination Exercise Period

Post-Termination Exercise Period (PTEP)

What is Post-Termination Exercise Period? Definition and Examples

The PTEP is the window after someone leaves a company during which they can still exercise vested stock options before losing them, commonly 90 days. It's frequently the most painful clause in an equity agreement: a departing employee may need to find real cash quickly to buy shares they can't yet sell.