Retain data sets that match to the data set name mask as long as they are cataloged, but for a minimum of 5 days. If they are not catalogued, then retain them for a minimum of 5 days.

RMM ADDVRS DSN('WOODY.**') -              /* Data set VRS                  */
           WHILECATALOG    -              /* Retain while cataloged        */
           LOCATION(HOME)  -              /* Where to retain               */
           NEXTVRS(DAYS5)                 /* Name of next VRS              */
RMM ADDVRS NAME(DAYS5)     -              /* Name VRS                      */
           DAYS            -              /* Retain by elapsed days        */
           COUNT(5)        -              /* Number of days                */
           LOCATION(HOME)                 /* Where to retain               */