ORA-27370: job slave failed to launch a job of type EXECUTABLE
Cause : The scheduler ran into an error when the job slave tried to start a job of type EXECUTABLE. The rest of the error stack will provide more detailed information on what the exact problem was.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Correct the problem specified in the error stack and reschedule the job.
Well, the reason for above error is that i have taken the above script from a 11g database and running it on 10g database. 11g has bring some changes in password management. Below code is executed on 11g and user created successfully, which is expected result.