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MySQL Events are tasks that run according to a schedule. Therefore, sometimes they are referred as scheduled events. When you create an event, you are creating a named database object containing one or more SQL statements to be executed at one or more regular intervals, beginning and ending at a specific date and time. Conceptually, this is similar to the idea of the Unix crontab (also known as a “cron job”) or the Windows Task Scheduler.

Please note:
You can read more about MySQL events in Using the Event Scheduler topic of MySQL Manual: http://dev.mysql.com/doc/refman/5.1/en/events.html

With Database Designer for MySQL you can:

Create event;

Edit event;

Manage all events within the diagram.

See also:
Diagram Objects: Creating an Event | Event Editor | Event Manager