c. 1200, "wickedly; with hostility," from ill (adj.). Meaning "not well, poorly" also is from c. 1200. It generally has not shifted to the realm of physical sickness, as the adjective has done. Ill-fated recorded from 1710; ill-informed from 1824; ill-tempered from c. 1600; ill-starred from c. 1600. Generally contrasted with well, hence the useful, but now obsolete or obscure illcome (1570s), illfare (c. 1300), and illth.
time v.
Old English getimian "to happen, befall," from time (n.). Meaning "to appoint a time" (of an action, etc.) is attested from c. 1300; sense of "to measure or record the time of" (a race, event, etc.) is first attested 1660s. Related: Timed; timing.