Use this email template to announce performance bonuses to your employees. The bonus letter should include details such as the bonus amount, the reason for the bonus, and any performance criteria used to determine it.An incentive bonus agreement is a contract between an employer and employee that details information about a cash bonus offered as an incentive. 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. 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. When I separate from employment, does my employer have a legal obligation to give me any other form of compensation? "Company"), and L. Kevin Kelly entered into a new employment agreement. It's common to be unsure what to put for the desired salary as you're completing job applications and attending interviews.