508 getting sometime

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I am using vbulletin forum vb4.2.0
i got many times 508 resource limit reached error some time.
i have found one issue, i see in admin cp with Number of Queued E-Mails 1,008, and this query for birthday mail that i have identify, because the scheduled task with birthday email sending time as same.

issue: when the mail was generated for sending birthday, then there is 508 error comes. and its still available 20-30 mins. and my cpanel showing 30/30 EP

Now tell me which is configuration i need to increase, that will solve the problem?

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