I hit your question while researching a similar topic - because I don't want my laptop to wake up in the Connected Standby while it's in my bag commuting to and from work.
I don't believe there is anything time-based. If you have hibernation enabled on the system (powercfg /h on), there is a setting that can be customized on the power plan to hibernate the system when the battery reaches low or critical state (as well as configure the percentages of battery charge that constitute the low/critical):
See image here: https://i.stack.imgur.com/mFa6A.png (I don't have the reputation to post images)
You can also force the system to hibernate by issuing shutdown /h from administrative command prompt
Here's a relevant MSDN reference also:
http://msdn.microsoft.com/en-us/library/windows/hardware/dn481218(v=vs.85).aspx
Alex