ballaravi: in that case, you need to explain this example from the manual Dick cited:
//SECOND JOB ,JONES,TIME=3
//STEP1 EXEC PGM=ADDER,TIME=2
//STEP2 EXEC PGM=PRINT,TIME=2
In this example, the job is allowed 3 minutes for execution, and each step is allowed 2 minutes. If either step continues executing beyond 2 minutes, the entire job abnormally terminates beginning with that step. If STEP1 executes for 1.74 minutes and STEP2 tries to execute beyond 1.26 minutes, the job abnormally terminates because of the 3-minute limit specified on the JOB statement.