From the official Eclipse.ini documentation, you need to remove the first one and then change just the second one.
-startup
../../../plugins/org.eclipse.equinox.launcher_1.2.0.v20110502.jar
--launcher.library
../../../plugins/org.eclipse.equinox.launcher.cocoa.macosx.x86_64_1.1.100.v20110502
-product
org.eclipse.epp.package.jee.product
--launcher.defaultAction
openFile
-showsplash
org.eclipse.platform
--launcher.XXMaxPermSize
256m
--launcher.defaultAction
openFile
-vmargs
-Dosgi.requiredJavaVersion=1.5
-XX:MaxPermSize=256m
-Xms40m
-Xmx512m