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CIP Cockpit Windows Update Service is a background service, which executes CIP Cockpit tasks:
-Daily:
Schedules will be executed on the specified time on a daily bases.
WeeekDay filter can be applied in this mode.
-Periodical:
On a periodical schedule, based on seconds.
WeekDay filter can be applied in this mode also.
-Hourly
Shedule is executed in every hour on the specified min. 
-Immadietly
In this mode schedules are executed on demand with a remote command from CIP (Not fully implemented!) or directly from the WEB interface.