This bonus announcement sample letter may be used as a memo to all workers or to an individual employee. You will be based in the DivX San Diego, California office.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. Learn what an employee recognition letter is and how to create one using the provided template and example. 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. However, they provide incentives for employees who may otherwise not perform as well. An incentive bonus agreement is a contract between an employer and employee that details information about a cash bonus offered as an incentive.