If it is like the TI's I've programmed, the bottom rung enables the timer and when it goes low, the timer resets. The top rung starts the timer timing if the bottom rung is high. You can make the timer retentive or non-retentive depending on how you program the enable (bottom rung).
Remember, this information is based on TI-545 and PM-550 PLC's that I have programmed, the TI-5 may not be the same as I have never run across one.