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.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. An incentive bonus agreement is a contract between an employer and employee that details information about a cash bonus offered as an incentive. Tell your boss why you feel you deserve it. Point out things about your work that make you a valuable employee. Comprehensive guide on the format and template for an annual bonus announcement letter, informing employees about their bonuses. However, to craft this, it needs an appropriate bonus announcement letter format. Explore the best banking services with IBC across Oklahoma and Texas.