This bonus announcement sample letter may be used as a memo to all workers or to an individual employee. 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. In this article, we will share a bonus cancellation letter example and review what your own letter template should include. An incentive bonus agreement is a contract between an employer and employee that details information about a cash bonus offered as an incentive. A transition bonus agreement is a contract between an employer and departing employee that incentivizes the employee to stay with the company for a period. 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. Comprehensive guide on the format and template for an annual bonus announcement letter, informing employees about their bonuses. –San Antonio 1984, no writ), the employee worked under an oral employment contract terminable at the will of either party. Sick leave is not a paid-out benefit; therefore, leave time cannot be used in exchange for notice period time when an employee is resigning from the University.