Sample Letter for Bonus Cancellation in Mecklenburg North Carolina [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Position] [Company Name] [Company Address] [City, State, ZIP Code] Dear [Recipient's Name], I hope this letter finds you well. I am writing to discuss the cancellation of the bonus previously granted to me by [Company Name]. I understand that this decision may have financial implications; however, I believe it is necessary to address the circumstances of this matter. When I received the news of the bonus, I was elated and extremely grateful for the recognition of my hard work and dedication to the company. However, after careful consideration and review of my employment contract, I realized that the conditions outlined for the bonus were not met. According to the terms specified in my contract, the bonus was contingent upon achieving specific performance targets set by the company. Unfortunately, due to unforeseen circumstances beyond my control, I was unable to meet these targets during the evaluation period. I take full responsibility for my performance and acknowledge that these targets are essential to ensure the company's growth and success. Based on the aforementioned circumstances, I respectfully request the cancellation of the bonus. It is crucial to me that I strive to uphold the values and principles that [Company Name] holds dear. By renouncing the bonus, I demonstrate my integrity and commitment to fairness, aligning myself with the company's ethos. I understand the financial impact this cancellation may have on both myself and the company. However, this decision is driven by a deep belief in fairness and transparency. It is my sincere hope that [Company Name] will be able to allocate these funds to more deserving individuals or reinvest them in the company's growth initiatives. I would like to assure you that despite this setback, my dedication and enthusiasm for my role at [Company Name] remain unwavering. I am committed to improving my performance and contributing to the company's success in every way possible. Thank you for taking the time to consider my request. I am more than willing to discuss this matter further or provide any additional information you may require. I deeply value my position at [Company Name], and I look forward to continuing to contribute to its growth and success. Yours sincerely, [Your Name]