(1) Every employee, shall be eligible for gratuity on :- (a) retirement ;
(b) death ;
(c) disablement rendering him unfit for further service as certified by Board's Medical Officer ;
(d) resignation after completing five years of continuous service ; or
(e) termination of service in any other way (except by way of punishment) after completion of five years of service.
53 [(2) The amount of gratuity payable shall be determined by the Board from time to time.
51 Substituted fo r the words “permi t ted to jo in” by the SEBI (Employees ' Se rvice) (Second Amend ment) Regula t ions , 2018 , w.e . f . 1 .6 .2018 .
52 Substituted ibid. Prior to the substitution, regulation 92 read as follows:
“Deputation of employees to other services