Delay settings delay the effect the event has on a folder for a specified amount of time. Select the number of days, weeks, months, or years that you want to delay the event in the field and select the unit of measure in the drop-down list. For example, if you have an event that will close the folder and the event has a delay setting of 4 days, the folder will not close until after the 4 days has expired.
If a folder is transitioned to its final disposition before an event takes effect, then the pending event is deleted.