You can employ a bonus letter template to formally recognize and reward an employee's outstanding performance or the achievement of specific, measurable goals. This bonus announcement sample letter may be used as a memo to all workers or to an individual employee.This employee bonus policy template is ready to be tailored to your company's needs and can be a starting point for setting up your employment policies. This Agreement outlines the terms and conditions for the payment of a performance bonus to the Employee based on specific performance criteria.