Time Out determines the maximum time (in seconds) that the server holds open an HTTP keep alive connection. A client can keep a connection to the server open so that multiple requests to one server can be serviced by a single network connection. Since the number of open connections that the server can handle is limited, a high number of open connections will prevent new clients from connecting.
The default time out value is 30 seconds. Thus, by default, the server will close the connection if idle for more than 30 seconds. The maximum value for this parameter is 300 seconds (5 minutes).
The proper value for this parameter depends upon how much time is expected to elapse between requests from a given client. For example, if clients are expected to make requests frequently then, set the parameter to a high value; likewise, if clients are expected to make requests rarely, then set it to a low value.