Nope, you were on track.., that's exactly how I read it.For sure I could be the one on the wrong track. I'm not right, just trying to be of help.
On my MCU example for a game show indicator, as in post #5 it was a simple timeout after 3S. The TS' requirement is after power off which needs no further parts (assuming a master 'ON/OFF' switch), but an extra reset button could easily be added (reset MCU- no extra software needed).There MUST be some way to reset the switches.

