You can employ a bonus letter template to formally recognize and reward an employee's outstanding performance or the achievement of specific, measurable goals. Dear {{ employee_first_name }},.I am pleased to notify you that you have earned a merit increase in the amount of {{ merit_amount }}. Learn how to write a professional bonus letter with our sample template. Get tips on format, key elements, and avoid common mistakes. Comprehensive guide on the format and template for an annual bonus announcement letter, informing employees about their bonuses. Here are the key components you need in a retention bonus agreement: 1. Duration: Clearly define how long the agreement is valid. 2. IM workers do not fill out any IRS tax forms on an applicant's or member's behalf. Formal prepaid funeral contracts.