Ask for a raise, not a bonus if you can. A bonus works on your current salary.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. I am writing to formally request the payment of the unpaid Quakerly bonus, which I believe I am entitled to as per our employment agreement. 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. 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.