Why not use separate timers?
Can you use a single timer? I guess you really need to tell us more about your process. What are the alarms? How are they supposed to work? Perhaps the most difficult part of any automation process is to define what you want your system to do -- Once you have properly defined your system, the coding is the easy part.
But, a timer operates all of the time. Even when the "trigger condition" is false, the timer is essentially resetting itself. So, if you could "OR" all of your conditions together, then I suppose you could use a single timer, but, again, why?
Separate timers will make your life much easier down the road. Someday, you'll want to do something special with one of them, then you'll be breaking it out anyway.
Plus they're "free" -- adding more timers doesn't cost anything.