Arizona Sample Letter for Bonus Cancellation

• Category: Letters - Nonlegal - Bonuses
• State: Multi-State
• Control #: US-0080LR
• Format: Word; Rich Text

Description

Sample Letter for Bonus Cancellation Dear [Employee's Name], I hope this letter finds you well. I am writing to inform you about the cancellation of your bonus for the current performance period at [Company Name]. As per our company policy and guidelines, a bonus is awarded to employees who meet or exceed their targets and contribute significantly towards the company's objectives. Unfortunately, after careful evaluation and review of your performance, it has been concluded that you did not meet the criteria required for bonus eligibility. [Company Name] values the hard work and dedication of all its employees, and we understand that this news may come as a disappointment. However, it is crucial to maintain transparency and fairness in the bonus allocation process, ensuring that it truly reflects each employee's contributions to the company's success. In reviewing your performance, we considered various factors such as your individual targets, overall departmental goals, and the quality of your work. Unfortunately, the assessment demonstrated that certain key performance indicators were not met, which hindered your eligibility for a bonus this year. We encourage you to use this as an opportunity for growth and improvement. The feedback provided during the performance review discussions can help you identify areas where you can enhance your performance and strive for better results in the future. It is important to note that the cancellation of your bonus is specific to the current performance period only. You will have an equal opportunity to be considered for future bonuses based on your improved performance and meeting the required criteria. Please understand that the decision to cancel your bonus was not taken lightly, and it was made based on careful consideration of your performance. We value your contributions to the company, and we encourage you to utilize the available resources, such as training programs and mentorship, to enhance your skills and achieve your targets. If you have any questions or would like to discuss this decision further, please do not hesitate to reach out to your immediate supervisor or the HR department. We are here to support you and provide any clarification you may need. We appreciate your understanding regarding this matter and look forward to witnessing your growth and success in the future. Sincerely, [Your Name] [Your Title] [Company Name] Keywords: Arizona, Sample Letter, Bonus Cancellation, cancellation of bonus, performance review, eligibility criteria, company policy, transparency, fairness, individual targets, departmental goals, key performance indicators, feedback, growth, improvement, future bonuses, resources, training programs, mentorship, HR department, understanding

Dear [Employee's Name], I hope this letter finds you well. I am writing to inform you about the cancellation of your bonus for the current performance period at [Company Name]. As per our company policy and guidelines, a bonus is awarded to employees who meet or exceed their targets and contribute significantly towards the company's objectives. Unfortunately, after careful evaluation and review of your performance, it has been concluded that you did not meet the criteria required for bonus eligibility. [Company Name] values the hard work and dedication of all its employees, and we understand that this news may come as a disappointment. However, it is crucial to maintain transparency and fairness in the bonus allocation process, ensuring that it truly reflects each employee's contributions to the company's success. In reviewing your performance, we considered various factors such as your individual targets, overall departmental goals, and the quality of your work. Unfortunately, the assessment demonstrated that certain key performance indicators were not met, which hindered your eligibility for a bonus this year. We encourage you to use this as an opportunity for growth and improvement. The feedback provided during the performance review discussions can help you identify areas where you can enhance your performance and strive for better results in the future. It is important to note that the cancellation of your bonus is specific to the current performance period only. You will have an equal opportunity to be considered for future bonuses based on your improved performance and meeting the required criteria. Please understand that the decision to cancel your bonus was not taken lightly, and it was made based on careful consideration of your performance. We value your contributions to the company, and we encourage you to utilize the available resources, such as training programs and mentorship, to enhance your skills and achieve your targets. If you have any questions or would like to discuss this decision further, please do not hesitate to reach out to your immediate supervisor or the HR department. We are here to support you and provide any clarification you may need. We appreciate your understanding regarding this matter and look forward to witnessing your growth and success in the future. Sincerely, [Your Name] [Your Title] [Company Name] Keywords: Arizona, Sample Letter, Bonus Cancellation, cancellation of bonus, performance review, eligibility criteria, company policy, transparency, fairness, individual targets, departmental goals, key performance indicators, feedback, growth, improvement, future bonuses, resources, training programs, mentorship, HR department, understanding