Let me know if this rewrite works.
If you have AppleScripts designed to execute from Calendar, you may find that they no longer work in Mountain Lion. Fortunately, there is a work-around that will restore the Calendar's ability to run your scripts by using Automator.
I use an AppleScript to provide an alarm clock function. Here's how I used Automator to allow execution of the script:
In Automator, create a Calendar Alarm

Select Utilities from the library pane
Select & drag Run AppleScript into the workflow area
Copy/paste the AppleScript into the Run AppleScript box

Save the newly created Calendar Alarm
Open Calendar.app, create a new event
Select the Automator calendar as your reference calendar

Select Open File for the alert, and select the file you created in Automator. By default, iCal is the file that comes up when you select Open File. Change that to the name of the Automator app you created. Select Other if the file name isn't shown.