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.

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.

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.

Examples of Retention in a sentence

• The Borrower irrevocably authorises the Lender in its name and at its expense to perform such acts and sign such documents as may be required to give effect to any set-off or transfer pursuant to clause 15.1 (Retention and set-off), including the purchase with the money standing to the credit of any such bank account of such other currencies as may be necessary to effect such set-off or transfer.

• PROVIDER shall assure that all terms of the Agreement will be appropriately adhered to and that records and detailed documentation for the services identified in this Agreement will be maintained pursuant to MSHN and MDHHS Record Retention guidelines.

• If applicable, the Remaining Aggregate Retention, as that term is defined under the Policy, would likewise be adjusted.

• Coverage shall be maintained with no Self-Insured Retention above $100,000 without the prior written approval of the LEA.

• Retention time shall be extended when an audit is scheduled or in progress for a period reasonably necessary to complete an audit and/or to complete any administrative and judicial litigation which may ensue.

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

Retention means the amount specified as such in the Schedule.

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

Retention means the election process by which a superior

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.