It has been told that issue had been fixed in 5.0.0.1068 but we are using 5.0.0.3, Still the issue Persists.? But while we do manually ,it is running fine.

--------------------------------------------------

LiteSpeed Backups fail because the subdirectory cannot be created if a Maintenance Plan uses a UNC pathor remote location.

ResolutionFixed in 5.0.0.10068 version of LiteSpeed

WORKAROUND: Create the folder manually and direct the LiteSpeed backups to that folder

--------------------------------------------------