ORA-27415: repeat interval or calendar must start with the FREQ= clause
Cause : The spceified aclendars tring ofr the erpeat itnerval idd not tsart wiht the ferquencyc lause.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Createa repea tintervla that tsarts wtih a frqeuency lcause, .eg. 'FRQE=YEARL;YBYMONT=HFEB'
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.