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. I'm pleased to present you with this Employment Bonus Letter. You have demonstrated high proficiency in your work and have exceeded expectations consistently. An incentive bonus agreement is a contract between an employer and employee that details information about a cash bonus offered as an incentive. This bonus announcement sample letter may be used as a memo to all workers or to an individual employee. An incentive bonus agreement is a contract between an employer and employee that details information about a cash bonus offered as an incentive. JCFS Chicago provides a reasonable accommodation to those who need assistance in completing this application.