Retention list definition
Retention list means a description of the administrative retention period for records as well as the action to be taken following its expiry. The administrative retention period sets out the minimum period for retaining records and files - in the custody of the EDPB - according to their legal, business and accountability requirements. After the lapse of specified retention periods, the document authorises, on a continuing basis, the destruction of those records and files identified as having no further (archival) value. Further, this document identifies records that shall be transferred to the historical archives, either in their entirety or following a further assessment. The retention plan is based on the assessment of the business, legal administrative, financial and historical value of records and files.
Retention list means a list of documents provided by Buyer to Seller prior to Closing which constitutes a comprehensive list of all documents Buyer may need in order to comply with the terms of this Section 10.22