There is an equivalent value for this on the SP and TM. However, the timeout is not configurable. You can only switch the session reuse on (use ssl session caching) or off (disable ssl session caching). Switching of ssl session caching will result in some performance degradation since the SSL module will have to do more work. This property can be controlled using: [no] ssl settings reuse "<vhost>"
The default value we use for the session cache timeout is 1 day. This is not configurable. However, if we run out of session caches, we will recycle the oldest entry.