What is 'exercise window' in SAP PA-EC - Enterprise Compensation Management?

exercise window - Overview

• Component: PA-EC

• Component Name: Enterprise Compensation Management

• Description: A period during which an employee is allowed to exercise his/her awards.

exercise window - Details

• 
  Key Concepts: 
  Exercise window is a feature of the SAP Enterprise Compensation Management (PA-EC) component. It allows users to define a period of time in which employees can exercise their stock options. During this period, employees can purchase shares of the company’s stock at a predetermined price. 
  
  How to use it: 
  To use the exercise window feature, users must first define the period of time in which the window will be open. This can be done by setting a start and end date for the window. Once the window is open, employees can purchase shares of the company’s stock at the predetermined price. 
  
  Tips & Tricks: 
  It is important to ensure that the exercise window is open for a sufficient amount of time so that employees have enough time to make their purchase decisions. Additionally, it is important to ensure that the predetermined price is fair and reasonable for both the company and its employees. 
  
  Related Information: 
  The exercise window feature is part of SAP’s Enterprise Compensation Management (PA-EC) component. This component also includes features such as stock option grants, vesting schedules, and performance-based compensation plans.