Gratuity

(1) (a) Gratuity shall be payable to an employee on the termination of his employment after he has rendered to the University continuous service for not less than 5 years; i) on his superannuation; or ii) on his retirement or resignation; or iii) on his disablement due to accident or disease; or iv) on termination of service by the University. Provided that the completion of continuous service of five years shall not be necessary where the termination of the employment of any employee is due to disablement/death. (b) i) For every completed 6 months of service or part thereof in excess of 3 months, the University shall pay gratuity to an employee at the rate of 1/4th of emoluments last drawn by the employee concerned subject to a maximum of 16½ times of the total emoluments in the case of Class I, II