Which one of the following statements about gratuity is NOT CORRECT?
1
A person is eligible to receive gratuity only if he has completed a minimum seven years of service with an organisation.
2
Gratuity is given by the employer to his/her employee for the services rendered by him/her during the period of employment.
3
Gratuity is usually paid at the time of retirement but it can be paid before retirement provided certain conditions are met.
4
Gratuity can be paid before the completion of five years of the death of an employee or if he has become disabled due to accident or disease.