Colorado 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 Subject: Colorado Sample Letter for Bonus Cancellation — Requesting Cancellation of Bonus Payment Dear [Employer/HR Manager], I hope this letter finds you well. I am writing to address an important matter regarding the cancellation of my bonus payment, which was previously granted to me under the terms of [insert relevant employment agreement or policy, if applicable]. I am currently employed at [company name] in the position of [your job title]. As an employee who takes pride in my work and contribution, it is with great reluctance and disappointment that I must request the cancellation of my bonus for [year] due to unforeseen circumstances. [If applicable] Firstly, I experienced an unexpected personal setback that required me to divert a significant amount of my time and resources. This situation has drastically impacted my performance and prevented me from achieving the set goals or targets necessary for qualifying for the bonus. [If applicable] Secondly, I have encountered a series of unforeseen challenges within the projects I was assigned, making it extremely difficult for me to fulfill all the necessary requirements for bonus eligibility. Despite my efforts, I have been unable to meet the agreed-upon criteria within the designated time frame. I understand the importance of bonus rewards as a means of acknowledging and motivating employees for their hard work. However, given the current circumstances, it would be unfair for me to accept this bonus while not meeting the necessary conditions that warrant its distribution. Therefore, I kindly request the cancellation of my bonus for [year]. I want to assure you that this decision is not taken lightly, as it reflects my commitment to maintaining integrity and fairness within the organization. Should there be any alternative methods of recognition other than a financial bonus, such as additional professional development opportunities or an opportunity for improvement, I would be more than willing to discuss those as a replacement. I appreciate your understanding and consideration of my request. If you require any further clarification regarding this matter, please do not hesitate to contact me. Thank you for your attention to this request, and I look forward to addressing any concerns you may have. Yours sincerely, [Your Name] [Your Employee ID or relevant details] [Your Contact Information]

Subject: Colorado Sample Letter for Bonus Cancellation — Requesting Cancellation of Bonus Payment Dear [Employer/HR Manager], I hope this letter finds you well. I am writing to address an important matter regarding the cancellation of my bonus payment, which was previously granted to me under the terms of [insert relevant employment agreement or policy, if applicable]. I am currently employed at [company name] in the position of [your job title]. As an employee who takes pride in my work and contribution, it is with great reluctance and disappointment that I must request the cancellation of my bonus for [year] due to unforeseen circumstances. [If applicable] Firstly, I experienced an unexpected personal setback that required me to divert a significant amount of my time and resources. This situation has drastically impacted my performance and prevented me from achieving the set goals or targets necessary for qualifying for the bonus. [If applicable] Secondly, I have encountered a series of unforeseen challenges within the projects I was assigned, making it extremely difficult for me to fulfill all the necessary requirements for bonus eligibility. Despite my efforts, I have been unable to meet the agreed-upon criteria within the designated time frame. I understand the importance of bonus rewards as a means of acknowledging and motivating employees for their hard work. However, given the current circumstances, it would be unfair for me to accept this bonus while not meeting the necessary conditions that warrant its distribution. Therefore, I kindly request the cancellation of my bonus for [year]. I want to assure you that this decision is not taken lightly, as it reflects my commitment to maintaining integrity and fairness within the organization. Should there be any alternative methods of recognition other than a financial bonus, such as additional professional development opportunities or an opportunity for improvement, I would be more than willing to discuss those as a replacement. I appreciate your understanding and consideration of my request. If you require any further clarification regarding this matter, please do not hesitate to contact me. Thank you for your attention to this request, and I look forward to addressing any concerns you may have. Yours sincerely, [Your Name] [Your Employee ID or relevant details] [Your Contact Information]