Thank you and great job. Thank you for your dedicated service.This document is a letter script template used to notify an employee of a bonus or incentive plan payment. Want to know how to make your employees feel valued? Select a bonus letter example that truly speaks to them with our template and guide. What is a Bonus Plan? A bonus plan is an agreement between the employer and employee to pay out a predetermined amount of money based on performance. An incentive bonus agreement is a contract between an employer and employee that details information about a cash bonus offered as an incentive.