Event id 7024 : The SharePoint 2010 Timer service terminated with service-specific error %%-2147467259.

Hi All,

i had an issue with the Timer services(SP2010). The jobs running on the servers are stopped from yesterday and all the scheduled jobs are not running. When i check under event viewer i ll got the 2 event ids at the same time.

Log Name:      System
Source:        Service Control Manager
Date:          31/03/2011 4:18:04 PM
Event ID:      7024
Task Category: None
Level:         Error
Keywords:      Classic
User:          N/A
Computer:      xxxx
Description:
The SharePoint 2010 Timer service terminated with service-specific error %%-2147467259.

Log Name:      System
Source:        Service Control Manager
Date:          31/03/2011 4:18:04 PM
Event ID:      7031
Task Category: None
Level:         Error
Keywords:      Classic
User:          N/A
Computer:      XXXX
Description:
The SharePoint 2010 Timer service terminated unexpectedly.  It has done this 5 time(s).  The following corrective action will be taken in 30000 milliseconds: Restart the service.

The Resolution for that is open the owstimer.exe config file in BIN folder (C:\Program Files\Common Files\Microsoft Shared\Web Server Extensions\14\BIN)

Delete all the content under the file  OWSTIMER.EXE.CONFIG and copy this lines:

<?xml version=”1.0″ encoding=”utf-8″ ?>
<configuration>
<runtime>
</runtime>
</configuration>

Hope this will help to resolve some of the issues.