Probably not what you want to hear, but I wouldn't do it that way. There is nothing more annoying than a timer-based nag screen when you're evaluating software.
And I don't mean annoying as in "it will give me a reason to buy a non-nag version of your software". I mean annoying as in "I'll never touch that application again".
I've done software for accountants that had a similar approach yet, when I gave them a separate version which just splashed "Evaluation Copy" across the reports, they were quite happy.
When quizzed, they made it clear that they were happy with a limitation like that, or even slightly reduced functionality (like only 10 client files instead of unlimited) but the nag screen slowed them down at the start and that gave a very bad impression of the software.
If you want to give them a reason to buy, take a leaf from the book of TechDirt - offer something for free (but not an annoying version) and then make it worth their while to buy something scarce. To that end, I wouldn't advertise the free version as limited but rather concentrate on the extra functionality they'll get by paying.
That's basic marketing 101 along the lines of fast food outlets offering regular
and large
sizes rather than small
and large
:-)
You'll get more from a customer by offering them something extra for payment instead of taking away something if they don't pay.
It's the spin you put on it that matters, not the actual outcome.