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You can query the number of the shell's background jobs with the jobs command.
#!/bin/ksh
maxjobs=3
while read line <&3
do
while [ `jobs | wc -l` -ge $maxjobs ]
do
sleep 5;
done
...

Hello netdbaind,

I agree with vbe's solution like we can run script on each Sunday and check either it is 3rd Sunday or not.
Following code may help you to get the 3rd Sunday with explaination....