Conductivity is a measure of how well a given sample conducts electricity. Chemically pure H2O is a terrible conductor of electricity. In the real world, however, water is one heck of a solvent, and it's rarely encountered at that level of purity. RO/DI comes pretty darned close, though, so its conductivity should be very low.
Conductivity relates to Total Dissolved Solids (TDS) because dissolving things into water increases its conductivity. As the tds of a water sample increases, so does the conductivity. Luckily for us, the relationship between sea salt concentration and conductivity has been firmly established (probably by thousands of readings of each property on seawater samples of various concentrations).
Another major way we measure salt content in water is specific gravity. The various elements dissolved
in seawater do not have the same density as water. 100 mls of pure water weighs less (or has lower mass) than 100 mls of water containing a bunch of extra salts. Pure water weighs exactly as much as pure water, or 1.000. All other specific gravity readings are a ratio of the density of your sample compared to the density of pure water.
Lastly, there's refraction. Light passing through a bunch of water molecules is bent, or refracted, at a particular angle. Light that passes through a bunch of molecules and ions of water, sodium, chlorine, etc. is refracted at a different angle. This is what refractometers actually measure.
For sea salt in water, the four measurements have been correlated to each other. That's why you can have a specific gravity scale on a refractometer, and a tds readout on a conductivity meter.
Of course, by the time I get done typing all this, someone will have answered the question already...
Edit: Wow. Nobody did. Anyway, according to some Google searching, the conductivity of raw seawater averages about 53 milliSiemens (aka milliMhos) per centimeter. I'm finding DI cartridge manufacturers claiming they can achieve 0.1 microSiemens per cm, but I haven't found a general statement that "RO/DI water should have a conductivity less than x".