"java.lang.IllegalStateException: Cannot create timerservice for EJB EjbSynchronizations since there's no TimedObjectInvoker" throws when starting-up Seam application

Issue

The following exception throws when starting-up Seam application in EAP 5.x:

    ERROR [org.jboss.kernel.plugins.dependency.AbstractKernelController] (main) Error installing to Start: name=jboss.j2ee:ear=sample.ear,jar=sample-ejb.jar,name=EjbSynchronizations,service=EJB3 state=Create
    java.lang.IllegalStateException: Cannot create timerservice for EJB EjbSynchronizations since there's no TimedObjectInvoker
            at org.jboss.ejb3.TimerServiceContainer.createTimerService(TimerServiceContainer.java:245)
            at org.jboss.ejb3.TimerServiceContainer.lockedStart(TimerServiceContainer.java:109)
            at org.jboss.ejb3.session.SessionContainer.lockedStart(SessionContainer.java:210)
            at org.jboss.ejb3.session.SessionSpecContainer.lockedStart(SessionSpecContainer.java:547)
            at org.jboss.ejb3.stateful.StatefulContainer.lockedStart(StatefulContainer.java:236)
            at org.jboss.ejb3.EJBContainer.start(EJBContainer.java:995)