Retention definition

Retention means a system designed to prevent the discharge of a given volume of stormwater runoff into surface waters in the state by complete on-site storage. Examples are systems such as excavated or natural depression storage areas, pervious pavement with subgrade, or above ground storage areas.

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Retention means the period of time during which records must be maintained by an organization because they are needed for operational, legal, fiscal, historical or other purposes.

Retention for purposes of this policy refers to employment decisions on the question of whether or not to suspend a contract pursuant to a reduction in force, nonrenew a limited or extended limited contract, or terminate employment for good and just cause. In the case of a reduction in force, seniority will not be considered when making decisions on contract suspensions, except in the instance of comparable evaluations. The decision to nonrenew or terminate the contract of a poorly performing teacher may be informed by the evaluation(s) conducted under this policy. However, decisions to nonrenew or terminate a teaching contract are not limited by the existence of this policy.

Examples of Retention in a sentence

The Participant hereby agrees to comply with the Company’s Stock Ownership and Retention Guidelines (as amended from time to time, the “Guidelines”), to the extent such Guidelines are applicable, or become applicable, to the Participant.
You will earn the Retention Bonus on the Retention Date, contingent on your continued employment in good standing with the Company through and including the Retention Date.
For the avoidance of doubt, if you provide notice of your employment resignation, or actually resign your employment for any reason, or the Company terminates your employment for Cause, before the Retention Date, you will no longer be eligible for any unpaid portion of the Additional Bonus Payment.
If, prior to the end of the Retention Period, the Company terminates your employment without Cause, and you satisfy the Release Requirement (as defined in Section IV below), you will be entitled to a lump sum payment equal to an amount equal to the Additional Bonus Payment minus any portion of the Additional Bonus Payment paid prior to such termination of employment.
Capitalized terms used in this General Release that are not defined herein shall have the meaning as defined in the Retention Agreement.

More Definitions of Retention

Retention means the aggregate of the monies retained by the Purchaser for the competent completion of the Contract by the Supplier.

Retention means the amount specified as such in the Schedule.

Retention means a student has enrolled for a subsequent term at the same institution as the previous term.

Retention means the election process by which a superior

Retention from Progress Payments and release Retention as required in this CSA and specifically, not until after Close-Out under Article 13.16.

Retention means a portion of a progress payment otherwise due from the owner to the contractor that is withheld pursuant to the terms and conditions of a construction contract to ensure proper performance of the construction contract.

Retention means the sum of money that the insured agrees to maintain as self-insurance with respect to all "written claims" arising out of each "wrongful act" otherwise covered by this policy. The applicable each “wrongful act” “retention” applies on a first dollar basis and up to its stated amount, to all sums incurred in the investigation, settlement and/or defense of all "written claims" arising out of a "wrongful act". The Each “Wrongful Act” Aggregate Limit of Liability of this policy applies in excess of the "retention" which must be exhausted by the payment of indemnity and/or "defense costs" before we have any duty to pay indemnity or "defense costs". The amount of the applicable “retention" is specified as the Each “Wrongful Act” “Retention” in the Declarations or an endorsement.