Asynchonous Exucute jquery script (visual web part ) and Page script

<script type="text/javascript" src="https://ajax.googleapis.com/ajax/libs/jquery/1.11.3/jquery.min.js"></script>

<script type="text/javascript">

$(document).ready(function(){

setTimeout(function(){

var RootPath = $("#lblProjectPath").text().replace('VDRRootpath',' NGO Document ');

$("#lblProjectPath").html(RootPath );

$('a').click(function (e) {

var RootPath = $("#lblProjectPath").text().replace('VDRRootpath','NGO Document');

if(RootPath .indexOf("http:>>0179nitiv002tvs:8120>") >= 0)

                {

                $("#lblProjectPath").html(RootPath.replace('http:>>0179nitiv002tvs:8120>','>'));  

                 }

else

                {

                  $("#lblProjectPath").html(RootPath);  

     }

});

},

50);

});

</script>