Comprehensive guide on the format and template for an annual bonus announcement letter, informing employees about their bonuses. You can employ a bonus letter template to formally recognize and reward an employee's outstanding performance or the achievement of specific, measurable goals.Use this email template to announce performance bonuses to your employees. Bonus Award Letter to Employee: Recognize Excellent in The Right Way! An incentive bonus agreement is a contract between an employer and employee that details information about a cash bonus offered as an incentive. R5069) as the majority representative of County employees in the Probation Officers. 040 of the Los Angeles County Code, and provides as follows:. The terms of the employee handbook are clear, and I am presuming they form part of your contract.