The timeout is a Texis message that you'll see when the time in the <TIMEOUT> directive is reached. The default is 30 seconds.
It's possible that the recompile error could have been caused be resetting the time on your computer so the script looked out of date. E.g. if you were to edit a source file, then set the clock back 5 minutes, for 5 minutes the compiled file would still look older than the source file, requiring a recompile.