A Notice to Employees for Bonus Cancellation is a written document issued by an employer to inform employees that their bonus payments have been suspended or cancelled. This notice typically outlines the reasons for the cancellation and may provide a timeline for when the bonus will be reinstated. Depending on the employer's policy, the notice may also provide an explanation of the appeal process for employees who wish to contest the cancellation. There are two types of Notice to Employees for Bonus Cancellation: 1. Temporary Bonus Cancellation Notice: This notice informs employees that their bonus payments have been temporarily suspended due to unforeseen circumstances or a lack of funding. This notice typically outlines the reasons for the suspension, any appeal process available to employees, and when the bonus will be reinstated. 2. Permanent Bonus Cancellation Notice: This notice informs employees that their bonus payments have been permanently cancelled due to a change in company policy or budget constraints. This notice typically outlines the reasons for the cancellation and any appeal process available to employees.
Notice to Employees for Bonus Cancellation
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