Resolves#1238.
I'm not sure where this bug came from, a git blame revealed no change to
the timed event handler code since it was initiall written two years
ago.
I've found that when the event handler times out, the handler task will
be manually completed (as opposed to within Task.WhenAny), which then
bubbles the exception and allows the error to be logged.
Ensuring that the handler is completed individually, regardless of
whether or not the timeout task completed, seems to fix this problem.