This shows your team member that you appreciate them and may motivate them to continue their hard work. Related: When Are Bonuses Paid Out?You can employ a bonus letter template to formally recognize and reward an employee's outstanding performance or the achievement of specific, measurable goals. A bonus is a payment made in addition to the employee's regular earnings. To inform employees about their bonus, you can send a bonus letter. A common example of an incentive is the signon bonus given when a new employee accepts an employment offer. To reward or motivate great employees, many employers offer retirement, bonus or hiring incentives. The company will pay bonus in late March. However, the company refused to pay me the bonus. This bonus announcement sample letter may be used as a memo to all workers or to an individual employee.