Which one of the following statements about gratuity is NOT CORRECT?

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.

A person is eligible to receive gratuity only if he has completed minimum seven years of service with an organisation.

Gratuity is given by the employer to his/her employee for the services rendered by him/her during the period of employment.

Gratuity is usually paid at the time of retirement but it can be paid before retirement provided certain conditions are met.