Retiring from a contracted company (3)
I believe the answer is:
coy
'retiring' is the definition.
(both can mean shy)
I can't explain the rest of the clue.
Can you help me to learn more?
(Other definitions for coy that I've seen before include "reluctant to divulge information" , "Pretending shyness" , "Reserved" , "not forthcoming" , "Group of soldiers" .)