//$JOBxx   JOB    ,'OSWALD CHALMERS',MSGLEVEL=1
//OUT1     OUTPUT DEST=NODE2.printer,CLASS=A,...
//STEP1    EXEC   PGM=IEBGENER
//SYSPRINT DD     SYSOUT=*
//SYSUT1   DD     DISP=SHR,DSN=A.DATA.SET
//SYSUT2   DD     SYSOUT=(,),OUTPUT=(*.OUT1),HOLD=YES

In this example, if the job is submitted on NODE1, JES3 does not ignore the HOLD=YES. The SYSOUT data set is held at NODE1 and is not transmitted to NODE2 to be held there.