  The prevailing description for dissipative quantum dynamics is given by the
Lindblad form of a Markovian master equation, used under the assumption that
memory effects are negligible. However, in certain physical situations, the
master equation is essentially of a non-Markovian nature. This paper examines
master equations that possess a memory kernel, leading to a replacement of
white noise by colored noise. The conditions under which this leads to a
completely positive, trace-preserving map are discussed for an exponential
memory kernel. A physical model that possesses such an exponential memory
kernel is presented. This model contains a classical, fluctuating environment
based on random telegraph signal stochastic variables.
