Delaware 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 [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Designation] [Company Name] [Company Address] [City, State, ZIP] Subject: Cancellation of Bonus Payment Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to formally request the cancellation of my bonus payment for the year [Year]. I deeply regret having to make this request, but due to unforeseen circumstances, I find it necessary to forgo receiving this bonus. As you are aware, Delaware is a state that prides itself on its strong work ethic and commitment to excellence. However, circumstances beyond my control have significantly impacted my ability to meet the performance goals necessary for receiving the bonus. Despite my best efforts, factors such as [mention specific factors impacting your performance, e.g., health issues, project delays, or market challenges] have hindered my success and prevented me from accomplishing the objectives set in order to be eligible for the bonus. I want to reiterate that this decision was not made lightly, and I understand the implications of forgoing this additional compensation. However, given the circumstances, I believe canceling the bonus is the most appropriate course of action. I value the principles and values that define our organization, and I strongly believe in merit-based rewards. I do not wish to receive recognition or remuneration for goals I did not achieve fully. Please take this letter as an official request to cancel the bonus payment that I would have been entitled to receive under the terms of my employment contract. I kindly request that the necessary adjustments be made to reflect this cancellation in any upcoming payroll or financial statements. I want to express my sincere gratitude to the management and the company for the support and opportunities provided throughout my tenure. Furthermore, I remain fully committed to delivering outstanding performance and contributing to the success of the organization in every way I can. Thank you for your understanding in this matter. If you require any additional information or documentation to process this request, please do not hesitate to reach out to me. I am available at [Phone Number] or [Email Address]. Yours sincerely, [Your Full Name] [Your Employee ID/Identification Number]

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Designation] [Company Name] [Company Address] [City, State, ZIP] Subject: Cancellation of Bonus Payment Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to formally request the cancellation of my bonus payment for the year [Year]. I deeply regret having to make this request, but due to unforeseen circumstances, I find it necessary to forgo receiving this bonus. As you are aware, Delaware is a state that prides itself on its strong work ethic and commitment to excellence. However, circumstances beyond my control have significantly impacted my ability to meet the performance goals necessary for receiving the bonus. Despite my best efforts, factors such as [mention specific factors impacting your performance, e.g., health issues, project delays, or market challenges] have hindered my success and prevented me from accomplishing the objectives set in order to be eligible for the bonus. I want to reiterate that this decision was not made lightly, and I understand the implications of forgoing this additional compensation. However, given the circumstances, I believe canceling the bonus is the most appropriate course of action. I value the principles and values that define our organization, and I strongly believe in merit-based rewards. I do not wish to receive recognition or remuneration for goals I did not achieve fully. Please take this letter as an official request to cancel the bonus payment that I would have been entitled to receive under the terms of my employment contract. I kindly request that the necessary adjustments be made to reflect this cancellation in any upcoming payroll or financial statements. I want to express my sincere gratitude to the management and the company for the support and opportunities provided throughout my tenure. Furthermore, I remain fully committed to delivering outstanding performance and contributing to the success of the organization in every way I can. Thank you for your understanding in this matter. If you require any additional information or documentation to process this request, please do not hesitate to reach out to me. I am available at [Phone Number] or [Email Address]. Yours sincerely, [Your Full Name] [Your Employee ID/Identification Number]