When content is retained, the retention period is more often than not based on the age of the content. For example, you might retain information for 8 years after it is created and then delete it. But when working with retention labels, you can also base a retention period on when an event occurs.

Some examples of event-based retention are as follows:

• Employees leaving the organization: Suppose that employee records must be retained for 5 years from the time employment is terminated. The event that triggers the 5-year retention period is the employee leaving the organization.
• Contract expiration: Suppose that records relating to specific contracts must be retained for 7 years from the time a contract expires. The event in this case is the expiration of the contract.
• Product lifetime: The organization might have retention requirements related to the manufacturing date of products. The event in this case would be the last manufacturing...