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.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. 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. 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. A common example of an incentive is the signon bonus given when a new employee accepts an employment offer. From Job Offer to Full-Time. Once hired, you must complete five mandatory tasks before beginning your first day of work.