This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
Employee Name Employee Address Dear Employee Name, We are pleased to inform you that you are eligible for a performance bonus of Bonus Amount in recognition of your outstanding contributions during Review Period (e.g., from Start Date to End Date).
Executives receive higher bonuses that can multiply based on performance, while most employees earn bonuses equal to 1% to 5% of their overall salary.
Bonus Amount: State the exact amount of the bonus being awarded. For instance, “You will receive a performance bonus of $5,000.” Rationale for Award: Provide a brief explanation of why the bonus is being awarded. This could include a summary of the employee's achievements and their impact on the organization.