"Undefined index: title in page_manager_page_manager_handlers_list()" error when using Panelizer

When any Panelizer configurations are added and you go to the Features Create or Recreate page, it executes page_manager_page_manager_handlers_list() which returns the following error for any Panelizer configurations:

Notice: Undefined index: title in page_manager_page_manager_handlers_list() (line 1111 of sites/all/modules/contrib/ctools/page_manager/page_manager.module

In added a dpm() just above line 1111 to get a dump of the offending $handler object, and this is what it returned:

... (Object) stdClass
    disabled (Boolean) FALSE
    api_version (Integer) 1
    name (String, 19 characters ) node_view_panelizer
    task (String, 9 characters ) node_view | (Callback) node_view();
    subtask (String, 0 characters )
    handler (String, 14 characters ) panelizer_node
    weight (Integer) -100
    conf (Array, 0 elements)
    export_module (String, 9 characters ) panelizer
    type (String, 7 characters ) Default
    export_type (Integer) 2
    in_code_only (Boolean) TRUE
    table (String, 21 characters ) page_manager_handlers

I have one Panelizer configuration for a single content type with a default assigned.