[workers] CPU time limit unclear

In the workers limits page link it is mentioned for the standard plan the CPU time limit is 30s for a HTTP request.

Questions
  1. New paid plans will fall under the Standard Plan, right?
  2. Does a 30s CPU time mean I can expect the worker to run for atleast 30 seconds? I plan to run a high compute image processing worker and will need it to run for a few seconds
Cloudflare Docs
Cloudflare Workers plan and platform limits.
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