You can choose from the following three expiration policies:
ON–Bar always retains the latest level-0 backup for each storage space. It expires all level-0 backups older than the specified time unless they are required to restore from the oldest retained level-1 backup.
ON–Bar expires all level-1 backups older than the specified time unless they are required to restore from the oldest retained level-2 backup.
ON–Bar retains a whole-system backup that starts before the specified retention time and ends after the specified retention time.