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.This bonus will be paid in one lump sum in a separate check on the next regularly scheduled pay date. State agencies may use recruitment or retention bonuses to provide additional financial incentives to attract, hire or retain eligible key classified staff. How to fill out the SimplyMerit Sample Merit and Bonus Adjustment Letters? 1. Locate the specified placeholders within the template. 2. An example retention bonus agreement to retain an employee during a merger or acquisition. The signing bonus is taxable, all regular payroll taxes will be withheld. A bonus plan is an agreement between the employer and employee to pay out a predetermined amount of money based on performance. If employee terminates early, compensation must be made.