You are right, forgot about the absolute timelock value.
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OP_IF
2
OP_ELSE
OP_CHECKSEQUENCEVERIFY OP_DROP
OP_CHECKSIGVERIFY
OP_ENDIF2 OP_CHECKMULTISIG
OP_IF
2
OP_ELSE
OP_CHECKSEQUENCEVERIFY OP_DROP
OP_CHECKSIGVERIFY
OP_ENDIF2 OP_CHECKMULTISIG
wsh(thresh(2,pk(A),s:pk(B),sj:and_v(v:pk(C),n:older(1728))))
A OP_CHECKSIG OP_SWAP
B OP_CHECKSIG OP_ADD OP_SWAP OP_SIZE OP_0NOTEQUAL
OP_IF
C OP_CHECKSIGVERIFY 1728 OP_CHECKSEQUENCEVERIFY OP_0NOTEQUAL
OP_ENDIF
OP_ADD 2 OP_EQUAL
OP_IF
2
OP_ELSE
4194311 OP_CHECKSEQUENCEVERIFY OP_DROP
key_C OP_CHECKSIGVERIFY
1
OP_ENDIF
key_A key_B 2 OP_CHECKMULTISIG
OP_IF
2
OP_ELSE
OP_CHECKSEQUENCEVERIFY OP_DROP
OP_CHECKSIGVERIFY
OP_ENDIF2 OP_CHECKMULTISIG
wsh(thresh(2,pk(A),s:pk(B),sj:and_v(v:pk(C),n:older(1728))))
A OP_CHECKSIG OP_SWAP
B OP_CHECKSIG OP_ADD OP_SWAP OP_SIZE OP_0NOTEQUAL
OP_IF
C OP_CHECKSIGVERIFY 1728 OP_CHECKSEQUENCEVERIFY OP_0NOTEQUAL
OP_ENDIF
OP_ADD 2 OP_EQUAL
wsh(thresh(2,pk(A),s:pk(B),sj:and_v(v:pk(C),n:older(1728))))
A OP_CHECKSIG OP_SWAP
B OP_CHECKSIG OP_ADD OP_SWAP OP_SIZE OP_0NOTEQUAL
OP_IF
C OP_CHECKSIGVERIFY 1728 OP_CHECKSEQUENCEVERIFY OP_0NOTEQUAL
OP_ENDIF
OP_ADD 2 OP_EQUAL
wsh(thresh(2,pk(A),s:pk(B),sj:and_v(v:pk(C),n:older(1728))))
A OP_CHECKSIG OP_SWAP
B OP_CHECKSIG OP_ADD OP_SWAP OP_SIZE OP_0NOTEQUAL
OP_IF
C OP_CHECKSIGVERIFY 1728 OP_CHECKSEQUENCEVERIFY OP_0NOTEQUAL
OP_ENDIF
OP_ADD 2 OP_EQUAL
wsh(thresh(2,pk(A),s:pk(B),sj:and_v(v:pk(C),n:older(1728))))
key_C OP_CHECKSIGVERIFY
1
OP_ENDIF
key_A key_B 2 OP_CHECKMULTISIG
sig_A sig_C WITNESS
key_C OP_CHECKSIGVERIFY
1
OP_ENDIF
key_A key_B 2 OP_CHECKMULTISIG
OP_IF 2 OP_ELSE 4194311 OP_CHECKSEQUENCEVERIFY OP_DROP key_C OP_CHECKSIGVERIFY 1 OP_ENDIF key_A key_B 2 OP_CHECKMULTISIG
nSequence = (1 << 22) | (3600 >> 9)
=> 4194311
OP_IF
2
OP_ELSE
4194311 OP_CHECKSEQUENCEVERIFY OP_DROP
key_C OP_CHECKSIGVERIFY
1
OP_ENDIF
key_A key_B 2 OP_CHECKMULTISIG