This form is a sample letter in Word format covering the subject matter of the title of the form.
Sample Retention Bonus Letter For Employee
Category:
State:
Multi-State
Control #:
US-0002LR
Format:
Word;
Rich Text
Instant download
Description
How to fill out Sample Letter For Bonus?
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FAQ
I'm writing to request a bonus for my recent contributions to the company's sales department. I exceeded my goal of 100 sales for the month by generating 302 sales. This figure is more than double the number of sales than any other of your other salespeople generated this month.
For example, if [company name] terminates your employment 18 months from the beginning of this agreement, you will have earned the first half of the retention bonus (at the 12-month mark). No fraction of a retention bonus will be paid even though you worked six months into the second of the two years agreed upon.
How to write a bonus letter Address the letter. In the beginning of the letter, label and address it like you start any correspondence with your team. ... Announce the bonus. After you address your recipient, try to immediately explain why you're writing them a letter. ... Give details. ... Congratulate them. ... End the letter.
Define the purpose and scope. Before you announce a retention bonus program, you need to have a clear and compelling reason for offering it. What are the business goals and challenges that require you to retain certain employees?
In recognition of your continued service with [EMPLOYER NAME] through and until [[DATE]/completion of the [SALE/PROJECT]] (the "Retention Period"), we are offering you a retention bonus in the amount of [AMOUNT], less all applicable withholdings and deductions required by law (the "Retention Bonus").
