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. Comprehensive guide on the format and template for an annual bonus announcement letter, informing employees about their bonuses.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. Reward your employees for hardwork. This fact sheet provides general information regarding bonuses and the regular rate of pay under the FLSA for non-exempt employees. Begin the process at forms. 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. Want to know how to make your employees feel valued?