Scheduled Events not getting triggered

I have created an event of type 'scheduled events' using a simple script px handler having script as follows.

import com.agile.agileDSL.ScriptObj.IBaseScriptObj
// add other import statements here
void invokeScript(IBaseScriptObj obj) {
obj.logMonitor("Status is Passed");

}

This event is configured to run every 5 minutes.

Apparently, in the Task Monitor window, I can see that Scheduled Events Task is running every 5 minutes (It was'nt running every 5 minutes before this event (along with handler and subscriber) was created).The Scheduled Task Interval is 2 minutes and the loop back window is 45 minutes. The max event number is 5. I don't have any  events other than this one, configured to run as a scheduled event with an interval of 5 minutes. Other than this event, there is a scheduled event configured to run every 20 minutes. None of these events are being triggered at all.