Ethervane Stopwatch is a simple timer for Windows 2000 or later. It can be used for example to track the time spent working or performing other activities on the computer. The timer can be paused and resumed at any time. If you close the program while the timer is running, it will continue counting from where you left off when the program is restarted. You can also count from a specified value down to zero.
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The program seems to be no longer updated, but last version, 1.6.0 build 30, released in February 2012, it's fully working and can be still downloaded from the official website.