A phase retarder is generally some birefringent material used to modulate the phase of polarized light. A common example is a half-wave plate, which rotates linearly polarized light symmetrically about its fast axis.
Using Jones calculus, we can describe the Jones matrix associated with an arbitrarily-oriented retarder. According to the Wikipedia page on Jones calculus (https://en.wikipedia.org/wiki/Jones_calculus, see 'Arbitrary birefringent material'), the Jones matrix is:
$J_{retarder} = e^{-i\eta/2}\begin{pmatrix} \cos^2\theta+e^{i\eta}\sin^2\theta & (1-e^{i\eta})e^{-i\phi}\cos\theta\sin\theta \\ (1-e^{i\eta})e^{i\phi}\cos\theta\sin\theta & \sin^2\theta+e^{i\eta}\cos^2\theta \end{pmatrix}$
Here $\theta$ is the angle of the fast axis relative to the horizontal, $\eta$ is the relative phase retardation induced between the fast and slow axis, and $\phi$ is the 'circularity', which for linear retarders is $0$, but can take any value between $-\pi/2$ and $\pi/2$ in general (for elliptical retarders).
My confusion: the circularity term seems redundant, after considering the presence of $\eta$. Since the behavior of the retarder (its impact on the ouptput polarization state) depends on the relative phase change between field components along the principal axes, doesn't $\eta$ govern the 'circularity'? How is the term $\phi$ distinct from $\eta$?