U1 CD4541 is a Timer with Long Duration Ability. This timer is started by a low pulse from earlier circuit, when the temperature goes above setpoint, a low state is at U2A inputs, this starts the timer.
Timer and Counter Modules - del90002
The timer output goes high after a preset time. U2C-D Flip flop is power on reset via cap C7. Even a manual 'reset' is used if required. This alarm toggle is 'set' when The temperature remains high even after the preset time period of U1.
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