Bonus Letter, bonus confirmation letter.

Bonus confirmation letter


We are aware of the hard work and dedication that each employee has put in to make the company successful.

Free forex bonuses


Bonus Letter, bonus confirmation letter.


Bonus Letter, bonus confirmation letter.


Bonus Letter, bonus confirmation letter.

We hope that this simple measure would make you all happy. Date: _____ (date on which letter is written)


Bonus letter


Last updated on january 13, 2020 by letter writing leave a comment


A bonus letter is a letter written by an employer to an employee to let him/her know about the good news of giving a bonus to work and the efforts taken by the employee in handling all the jobs that were entrusted to them. The bonus given by the employer will, however, depend on the position of hierarchy of the employer.


The bonus payout may also vary from company to company, in the sense that some of the companies might have a bonus payout every quarter of a month or else for every month. And for some other companies, it may be paid or yearly half-yearly. Thus it entirely depends on the company and your designation of work.


All the details about the bonus must be mentioned in the bonus letter to avoid further future confusions and misunderstandings. This letter important not only from information giving information to the employee about the bonus details but is also very much useful when the employee’s increments are worked upon later.


Bonus letter writing tips:



  • It should always be on the company’s letterhead to give it that formal official effect

  • It should have the complete name of the employee for whom it is meant. There could be two employees with the same initials

  • It should highlight the reason for which the bonus is being released

  • The bonus letter should indicate the exact amount of payout and the month in which it will be given

  • It should be a motivational letter to ensure that the employee keeps thriving to achieve more

  • A copy of that letter should be put up on the staff notice board so that other employees are aware of ‘the employee’ and they too are motivated to give similar achievements

  • A copy of the letter also needs to go into the employees’ file for all future references by existing and forthcoming superiors


Bonus letter template


__________
__________
__________
__________


Date: _____ (date on which letter is written)


__________
__________
__________
__________


Subject: bonus payout for quarter ending _________ (what is financial quarter for which bonus is offered)


It is the quarterly bonus payout time, a time that everyone eagerly looks forward to.


Congratulations! You will be pleased to know that your rating for the quarter ending was _________ (what is the specified rating as per company’s policy). Therefore, the payout for you based on the rating is rs ________ (what is the payout amount offered)


The details are attached for your reference to enable you to understand the calculations. You are most welcome to contact the HR department to seek any clarification.


We hope to see more of such ratings from you and wish you all the best for all your efforts with us.


______________
name and signature


Bonus letter sample, email and example/format


Sample


Mathews adarsh,
manager,
DEO company,
banglore.


Annie joy,
accountant,
DEO company,
banglore.


Subject: bonus payout for the quarter ending


It is the quarterly bonus time, a time that everyone eagerly looks forward to.


Congratulations! You will be thrilled to know that your rating for the quarter ending was 4/5. Therefore the payout due to your basis that rating is rs. 10,000.


The details are attached for your reference to enable you to understand the calculations. You are most welcome to contact the HR department if, in any case , you have clarifications regarding the same.


We hope to see more of such ratings from you and wish you all the best for all your efforts with us.


Email format


The following is an email format that must be followed while writing a bonus letter.


To: name@email.Com
from: name@email.Com
SUBJECT: bonus payout for the quarter ending


It is the quarterly bonus time, a time that everyone eagerly looks forward to.


Congratulations! You will be pleased to know that your rating for the quarter ending was 4/5. Therefore the payout due to your basis that rating is rs. 10,000.


The details are attached for your reference to enable you to understand the calculations. You are most welcome to contact the HR department if, in any case , you have clarifications regarding the same.


We hope to see more of such ratings from you and wish you all the best for all your efforts with us.


Christmas bonus letter


Christmas is one of the most celebrated and special times of the year for most people. Many companies give a bonus and holidays for a few days during christmas to enjoy with their family. How do you announce the news of a bonus to your employees? The best way is to write a christmas bonus letter to the employees that will motivate them considerably.


Begin the letter by appreciating the employees for the work they have done and the success that the company has achieved because of their hard work. After the appreciation, formally announce the bonus that they will get and greetings for the sacred festival. The bonus that the company pays differs, and it can be half-yearly or yearly.


A christmas bonus letter is the letter that is officially sent to the employees to inform them about the bonus he or she has received and essential details. Below mentioned is the sample and template to help you write the letter.


TIPS FOR WRITING A CHRISTMAS BONUS LETTER



  • You should write the letter in a way that helps you make a positive connection with the employees and that it makes them feel great.

  • Write a letter in a positive tone. Make sure you do not write a lengthy letter and also do not exaggerate.

  • Do not include any unnecessary information in the letter that does not serve any purpose.

  • Make use of straightforward and easy language in the letter so that the reader can find it simple to understand your purpose of writing a letter. Using flowery language will not make you look sincere.

  • Don’t go excessively flattery.


CHRISTMAS BONUS LETTER TEMPLATE


Use our free university acceptance letter to help you get started. If you need additional help or more examples, check out some of the sample letters below.


From (sender’s name and address)


Date: _____ (date on which letter is written)


Subject: christmas bonus letter


We are very well aware of the hard work and dedication taht you all have put in the projects. On behalf of the company, I would like to appreciate each one of you. Having successfuly completed every project before time, our clients are very ahppy with us and the company is proud is of its employees.


The ongoing project is on the verge of completion, and we are happy with the progress. The company owes this successful year to each of you, and to show our appreciation, we have decided to give you all christmas bonuses. The bonus is entitled to each one of you because you are a part of the family.


We wish all of you and your families a very merry christmas. Enjoy your time off; you deserve it!


CHRISTMAS BONUS SAMPLE LETTER


Our company is once again celebrating the christmas season and spreading holiday cheer to all. I would like to appreciate all of you at this opportune time. Having realized our goals and aimed for the year now is the time we can all sit back and enjoy the holiday season with our families.


The company extends its heartfelt thanks and gratitude for your diligence and excellent performance. You all have made a significant contribution to the team and have helped the company exceed its goals for the year.


We hope you continue to enjoy working with us as much as we enjoy working with you. Our company continues to aim for excellence, and we know that your services will be a vital part of this effort. KBC company knows that the real value of the business lies not in its stocks but in the employees who work for it.


We hope the next year brings both good fortune and more blessings to you and your family.


EMAIL FORMAT


The following is the email format to be followed for the christmas bonus letter.


SUBJECT: christmas bonus letter.


Christmas and new year greetings to all of you!


I am happy to announce that you all are entitled to the christmas bonus that you will receive in the second week of december. Usually, the company gives out bonuses during the third week of december. Still, this time the board of members has decided to give earlier so that everyone can start with the christmas preparations.


We are aware of the hard work and dedication that each employee has put in to make the company successful. We hope that this simple measure would make you all happy.


We wish a very merry christmas and a happy new year to all of you and your families.



Sample company bonus letter


Sample Company Bonus Letter


Sample company bonus letter


A company bonus is a one-off payment and can be awarded to an individual or to everyone in the company. These are generally awarded when the company or individual reaches sales targets, but can also be awarded for outstanding achievements or as a christmas bonus.


Letter awarding a company-wide bonus – sample 1


COMPANY BONUS


We are delighted to let you know that this year we have reached our sales targets and as such we will be awarding a bonus of [amount] to everyone. This amount will be paid with your next salary.


We would like to take this opportunity to thank each and every one of you for your hard work in making this happen. This has been a challenging year and it is your hard work and dedication that allowed us to reach this goal.


Here’s hoping next year will be just as successful.


Letter awarding a company-wide christmas bonus – sample 1


CHRISTMAS BONUS


We are delighted to let you know that this year we will be awarding all staff a christmas bonus of [amount].


This bonus give us the opportunity to thank each and every one of you for your hard work this year. [year] has been a challenging year and your hard work and dedication make us proud to have you work for us.


Here’s hoping next year with your help, we will see the company continue to grow.


Letter awarding an individual bonus – sample 1


We are delighted to let you know that you have reached your sales target for [time period] and so we will be awarding a bonus of [amount] to you. This amount will be paid with your next salary.


We would like to take this opportunity to thank you for your hard work in achieving this goal.


Letter awarding an individual bonus – sample 2


We would like to extend our appreciation for your efforts in securing the contract for [contract description]. As you know it was one of the projects that our company had been pursuing for a long time and with your help, we successfully won the bid.


In order to show how much this means to us we have awarded you a bonus of [amount] which you will receive with your next salary payment.


Once again, thank you for your hard work and congratulations.


Letter awarding an individual bonus – sample 3


We are pleased to inform you that you will receive a company bonus with an amount of [amount]. This is an award that reflects your excellent performance in the company and in particular because of your efforts and hard work that has allowed us to [mention achievements here].


Please accept this company bonus with our regards and best wishes and we look forward to your continued contributions to the company.


[signature over printed name]
[title]



How to write a bonus request letter (with samples)


Content manager and career expert


Every employee reaches the point where they want to ask their manager for a well-deserved bonus. You’ve brought in thousands this year, went above and beyond your job description and targets and spent endless hours working overtime to ensure all the extra projects you were given ran smoothly. But how do you go about asking for a bonus? Talking about money is never easy, and at times not appropriate. Yet to ensure you get what you deserve you need to muster up the courage and talk about your earnings.


What should you include in your bonus request letter? Follow this in-depth guide to find out tips and tricks and more importantly how to format your bonus request letter to ensure you get the financial appreciation that you deserve.


The structure of a bonus request letter


As with any formal letter in the workplace, you need to abide by some formatting rules, in order to to ensure that it's readable and professional.


Your letter should comprise the following structure:



  • Sender’s address: start by typing your address at the top right-hand corner of the page. In american english, the sender's address can sometimes be found in the top left corner.

  • Date: leave a few lines and then write the date below the letterhead – skip this part if your request is via email.

  • Subject: if you’re sending your letter via email you may be contemplating over the subject. There’s no need to be extravagant here - you can simply write “bonus request”.

  • On-arrival notices (optional): if you want to include a notation that the letter is personal, you can do. Ensure that it’s written in uppercase. E.G. PERSONAL or CONFIDENTIAL.

  • Inside address: your company’s address should be written a few lines below the above- again if it’s via email, skip this step.

  • Salutation: as this is a formal letter make sure you address the reader appropriately – even if you're pals with the boss. You could open with ‘dear jane’ or ‘dear ms smith’.

  • Opening paragraph: start your letter with the reason for your request and the amount of bonus you think you are entitled to.

  • Body: give solid facts and reasons as to why you deserve the bonus. This could include unpaid overtime, an impressive sales record, or a stellar yearly performance; alternatively, maybe you simply didn’t receive your annual bonus when your co-workers did.

  • Final paragraph: finish your letter by sharing your gratitude and appreciation for the company, just to ensure it ends on a positive note and does not come across as a demand, but rather a question. It doesn’t harm to ask, right?

  • Closing: avoid closing with a simple ‘thanks’ and instead choose a more professional ending such as ‘kind regards’ or ‘yours sincerely’.

  • Your name and signature: A letter isn’t complete without your name and signature. If you’re handing in a printed letter, opt for a hand-written signature. If you’re sending an email, simply type your name, followed by your contact information.



Tips to follow to ask for a bonus


When it comes to talking to your manager about a sensitive topic like pay, you should always be cautious. Follow the below tips to ensure you’re taking the correct measures when approaching this tricky subject:



  • Speak to your boss first: if you have a good relationship with your boss, approach this topic in person first (you can take your letter with you if you like). Make sure that your tone is subtle, leave the negativity at home and focus on your hard-work and achievements - ideally with a few specific examples to hand. It’s always good to ask for more responsibilities at this time, too, to show that you are dedicated to the company.

  • Play it cool: it’s important not to rely on your bonus as part of your needed income as it’s not a guarantee; avoid telling your manager how you were depending on this money. Remain cool and collected throughout the conversation. If your request is rejected – ask what you can do to get a bonus the next time around.

  • Don’t be pushy: as mentioned above, keep in mind that you are asking for a bonus; not demanding one. If you are too insisting; you may get your bosses back up when it comes to the next round of bonus payouts.



Sample templates


Whether it’s for a general sense of appreciation, or because you have a specific reason (such as spending many hours working overtime on a successful project), we’ve put together a few different templates that you can use when requesting a bonus:



Employee bonus policy template


This employee bonus policy template is ready to be tailored to your company’s needs and can be a starting point for setting up your employment policies.


employee bonus policy


Policy brief & purpose


Our employee bonus policy explains how our company distributes bonuses to employees. We want to reward employees whenever possible, since we all contribute to our company’s success with our hard work. This policy clarifies how we choose which employees to reward and how we calculate bonus amounts.


Scope


This policy applies to all regular full-time and part-time employees and employees with contracts of [one year and more.] seasonal employees, interns and temporary employees with a contract of less than [one year] are not eligible for bonuses.


We may modify this policy and our bonus plans at any time without notice.


Only written promises of bonuses will be considered valid. If your manager or another executive (including the C-suite) verbally promises you a bonus, they can not follow through unless they put it in writing and HR approves it.


Bonuses can be either discretionary or nondiscretionary:



  • Discretionary bonuses are determined at our company’s sole discretion. They aren’t promised to employees and we can’t guarantee anyone will receive them. For example, we may pay a bonus to reward an employee who showed exemplary performance at a particular time.

  • Nondiscretionary bonuses are promised or announced to employees and guaranteed to those who meet our established criteria for the bonus. For example, we may promise to pay nondiscretionary bonuses to reward teams for meeting specific targets.



One important difference between discretionary and nondiscretionary bonuses in the U.S. Is that nondiscretionary bonuses must be included in overtime pay calculations. Our company will follow its legal obligations.


Policy elements


Our company rewards employees for outstanding individual performance, as well as their contributions that help us achieve company goals. For this reason, we award bonuses in three forms:



  • Lump sum bonus.

  • Year-end bonus.

  • Incentive plans.



Lump-sum bonuses


Our company may award lump-sum bonuses (one-time bonus payments) to employees who show exemplary performance. We define “exemplary performance” as:



  • Exceeding goals, either financial or nonfinancial.

  • Performing additional duties from what is expected.

  • Serving as a good example of professional behavior to other employees (e.G. Teamwork, ethics, leadership.)



When managers know their team member deserves a bonus, they should send a formal written recommendation to their department head and HR, explaining how their team member showed exemplary performance.



  • Review and approve recommendations with the input of department heads based on available budget. Lump-sum bonuses can not exceed [10% of base salary/ $2,000/ etc.] bonuses [for executives/ that exceed $1,000] need to be approved and signed by [CEO/ president.]

  • Send a formal letter to the team member who showed exemplary performance congratulating them and informing them that they will receive a bonus.

  • Coordinate with the finance department to arrange for paying bonuses on time. Employees should receive their bonus within [the next two pay periods/ one month after approval/ etc.]



Lump-sum bonuses are discretionary.


Year-end bonus


Our company’s policy gives the executive team the ability to decide on year-end bonuses for all employees. There are two conditions for this bonus:



  • Our company should have exceeded its annual financial goals.

  • The board of directors must approve the bonuses.



If these two conditions are satisfied, then our company will give bonuses to employees who:



  • Are employed by our company on the day when the bonus must be paid.

  • Have not announced they intend to resign either verbally or in writing.

  • Have received at least satisfactory performance reviews.



We will pay out bonuses according to this tiered system:



  • Employees who were employed by our company for the entire year will receive a year-end bonus payment of [10%] of their annual salary.

  • Employees who are employed for at least [six] months will receive a prorated amount.

  • Employees who are employed for fewer than [six months] will receive a [2.5%] bonus.



Bonus incentive plans


Our company may set up incentive plans at the beginning of each year. These plans may involve:



  • Incentive bonuses to encourage employees to achieve annual company financial goals. These are company-wide bonuses that may be announced at the beginning of the year by senior leaders. [these bonuses may be calculated with a tiered system (e.G. 5% for hitting 80% of the goal, 10% for hitting the goal and 20% for exceeding the goal.)] HR should give a formal payout plan to each employee.

  • Incentive bonuses for achieving or exceeding individual and team targets. Department heads are responsible for formulating these plans and setting specific goals. For example, they may decide to pay a quarterly bonus (a percentage of individual sales) to sales teams that exceed their sales or revenue targets. Department heads should submit their plan to HR and the CEO for approval [within the first quarter of the year.]



Keep in mind that bonuses are subject to taxation (local, state and federal taxes.)



Make your free
salary verification letter


In the course of trying to rent an apartment or apply for a mortgage, one of your employees may need you to write a proof of employment letter.Sometimes this document is also called a salary. Read more


How it works


Create your document


Answer a few simple questions to make your document in minutes


Save, print & share


Save progress and finish on any device; download & print anytime



Securely sign online and invite others to sign


Making a salary verification letter


What is a salary verification letter?


In the course of trying to rent an apartment or apply for a mortgage, one of your employees may need you to write a proof of employment letter.


Sometimes this document is also called a salary verification letter or a confirmation letter. The form on this page offers an easy way for you to verify important salary and employment information on behalf of your employee.


How do I write a letter of employment for an apartment?


Rocket lawyer has created a free, customizable proof of employment letter template for you to use. Simply select your state, answer the relevant questions, and then you can save, sign, print, and download the letter when you are done.


Do you need proof of employment to rent an apartment?


Landlords or property management companies often require proof of income before renting a property to someone. The proof of income is typically required in addition to a good credit score and employment stability.


While you can still rent if you are unemployed or have a nontraditional source of income, you will likely have a harder time finding a landlord willing to accept your rental application.


What should a proof of employment letter say?


Many states have privacy restrictions regarding the kinds of data that employers are authorized to disclose to third parties. An employee may need to first sign a release form before the proof of employment letter can be sent.


Like any formal business correspondence, the proof of employment letter should be printed on official letterhead with the company's logo.


The proof of employment letter should include:



  • Employer's contact information

  • Employee's name

  • Employee's title

  • Employee's current salary

  • Dates of employment

  • Other relevant information as needed



In some cases, it may be prudent to include a statement with regard to the employee's future potential to remain employed, especially if the person has only recently joined the company. For example, "based on the employee's performance review, continued employment seems highly probable." however, if this has not explicitly been requested, then you may not need to include it.


How do I write a confirmation letter for employment?


A confirmation letter for employment is another name for proof of employment letter. Both of these documents are meant to confirm employment status or work history, typically for the purpose of engaging in a financial transaction of some kind.


If you have questions about the information being requested, an employment lawyer can help.



Salary increase notification letter sample for employees


Below are two sample of annual salary increase notification letter sample available for free download. You need to change the post, salary increased amount and year. Form other salary increment letters you can search our site.


Salary increase letter sample for staff


Ms. Minahil
general manager
atlas honda
DHA, lahore
subject: annual salary increment letter for the year 2017


Keeping in view your best performance as management trainee during the year 2016 and 2017. The company management is very happy to notify you that your salary has been increased up to $1500 since july 2017. The management also decided that if your performance will be better in 2017 you can be announced employee of the year and an increment of $1000 will be added to your salary.


Signatory authority HRD head


Salary Increase Notification Letter Free Download


Notification of salary increase letter format


Ms. Amna
brand manager
semioffice corp
lahore


Keeping in view your satisfactory services to (company name) the management has decided to give you an increment of $1500/- with effect from july 2016. Now your salary will be $25,500/- per month.


Signatory authority,
semioffice corp


Salary Increase Letter Free Download


Salary increase letter for employees


It is my great pleasure to inform you that your salary has been increased. Your hard work and dedication is acknowledged. All the workers have performed exceptionally well in the last project which has given our company a huge leap forward.


In return, company wants to offer a reward by small incentive to boost morale of the employees. Hence, salaries of all employees have increased with effect from this month.


Please keep up the good work.


The manager
sebastian cooper


Salary increase notification letter


The cashier
maryland bank


I am very pleased to inform you that your salary has been increased. Your contribution and efforts to the company are much appreciated and acknowledged. In return, company has raised salary of all employees by X% with effective from this month.


All the details are attached to this letter.



Pay increase letter to employee


Use this pay increase letter to employee to officially inform them that their salary will change and show your appreciation for their work.


It’s best that managers are the ones to send the pay increase letter to an employee who’s part of their team. Expressing appreciation for your team members helps maintain a good working relationship. HR could also send the email though this might feel more impersonal. You can see both template versions below.


Before employees receive a salary increase letter from an employer, they should have an in-person meeting with their manager (this could be a video call if they’re part of a remote team). In this meeting, the manager should:



  • Inform their team member they’re getting a pay raise.

  • Explain why they believe the employee deserves the extra salary (consistent high-quality work, particular achievements etc.)

  • Briefly mention future expectations (without putting undue pressure on the employee).

  • Discuss the employee’s career path if the pay raise corresponds to more responsibility or increased duties.



If you’re an HR professional, be sure to encourage the manager to have this meeting with their team member.


After this meeting, you can customize a sample pay increase letter to give employees confirmation of the raise discussed. The format of this letter should be simple and positive providing all the important information about the new salary and reaffirming the appreciation expressed in the meeting. Occasionally, an updated contract could be attached so the employee can sign it.


To help you, here’s our ‘pay raise letter to employee’ template in two versions – one sent from the employee’s manager and the other from HR:


From the manager


Subject line: your new salary


I’d like to confirm the [10%] salary increase we discussed. This brings your annual gross salary from [$70,000] to [$77,000]. Your salary will be officially updated on [september 1st] so you’ll see the boost on your [september] paycheck.


[I’ve attached your new employment contract with the updated salary – please read it, sign it and send it to HR/ please pass by HR’s office to sign your updated contract by end of this week.]


Thank you for all your hard work. As your manager, I’m very pleased with your performance and commitment and [company_name] appreciates your efforts and achievements so far. This pay raise is well-deserved.


From HR


Subject line: your new salary


As discussed, you’ll be getting a [10%] increase in your salary. This brings your annual gross salary from [$70,000] to [$77,000]. Your salary will be officially updated on [september 1st] so you’ll see the boost on your [september] paycheck.


Please pass by my office to sign your updated contract by end of this week. [if you’re unable to come, I’ll send you the new contract via email and you can print it, sign it and scan it to send back to me.]


Thank you for all your hard work. [company_name] appreciates your efforts and achievements so far. This pay raise is well-deserved.



Employee bonus policy template


This employee bonus policy template is ready to be tailored to your company’s needs and can be a starting point for setting up your employment policies.


employee bonus policy


Policy brief & purpose


Our employee bonus policy explains how our company distributes bonuses to employees. We want to reward employees whenever possible, since we all contribute to our company’s success with our hard work. This policy clarifies how we choose which employees to reward and how we calculate bonus amounts.


Scope


This policy applies to all regular full-time and part-time employees and employees with contracts of [one year and more.] seasonal employees, interns and temporary employees with a contract of less than [one year] are not eligible for bonuses.


We may modify this policy and our bonus plans at any time without notice.


Only written promises of bonuses will be considered valid. If your manager or another executive (including the C-suite) verbally promises you a bonus, they can not follow through unless they put it in writing and HR approves it.


Bonuses can be either discretionary or nondiscretionary:



  • Discretionary bonuses are determined at our company’s sole discretion. They aren’t promised to employees and we can’t guarantee anyone will receive them. For example, we may pay a bonus to reward an employee who showed exemplary performance at a particular time.

  • Nondiscretionary bonuses are promised or announced to employees and guaranteed to those who meet our established criteria for the bonus. For example, we may promise to pay nondiscretionary bonuses to reward teams for meeting specific targets.



One important difference between discretionary and nondiscretionary bonuses in the U.S. Is that nondiscretionary bonuses must be included in overtime pay calculations. Our company will follow its legal obligations.


Policy elements


Our company rewards employees for outstanding individual performance, as well as their contributions that help us achieve company goals. For this reason, we award bonuses in three forms:



  • Lump sum bonus.

  • Year-end bonus.

  • Incentive plans.



Lump-sum bonuses


Our company may award lump-sum bonuses (one-time bonus payments) to employees who show exemplary performance. We define “exemplary performance” as:



  • Exceeding goals, either financial or nonfinancial.

  • Performing additional duties from what is expected.

  • Serving as a good example of professional behavior to other employees (e.G. Teamwork, ethics, leadership.)



When managers know their team member deserves a bonus, they should send a formal written recommendation to their department head and HR, explaining how their team member showed exemplary performance.



  • Review and approve recommendations with the input of department heads based on available budget. Lump-sum bonuses can not exceed [10% of base salary/ $2,000/ etc.] bonuses [for executives/ that exceed $1,000] need to be approved and signed by [CEO/ president.]

  • Send a formal letter to the team member who showed exemplary performance congratulating them and informing them that they will receive a bonus.

  • Coordinate with the finance department to arrange for paying bonuses on time. Employees should receive their bonus within [the next two pay periods/ one month after approval/ etc.]



Lump-sum bonuses are discretionary.


Year-end bonus


Our company’s policy gives the executive team the ability to decide on year-end bonuses for all employees. There are two conditions for this bonus:



  • Our company should have exceeded its annual financial goals.

  • The board of directors must approve the bonuses.



If these two conditions are satisfied, then our company will give bonuses to employees who:



  • Are employed by our company on the day when the bonus must be paid.

  • Have not announced they intend to resign either verbally or in writing.

  • Have received at least satisfactory performance reviews.



We will pay out bonuses according to this tiered system:



  • Employees who were employed by our company for the entire year will receive a year-end bonus payment of [10%] of their annual salary.

  • Employees who are employed for at least [six] months will receive a prorated amount.

  • Employees who are employed for fewer than [six months] will receive a [2.5%] bonus.



Bonus incentive plans


Our company may set up incentive plans at the beginning of each year. These plans may involve:



  • Incentive bonuses to encourage employees to achieve annual company financial goals. These are company-wide bonuses that may be announced at the beginning of the year by senior leaders. [these bonuses may be calculated with a tiered system (e.G. 5% for hitting 80% of the goal, 10% for hitting the goal and 20% for exceeding the goal.)] HR should give a formal payout plan to each employee.

  • Incentive bonuses for achieving or exceeding individual and team targets. Department heads are responsible for formulating these plans and setting specific goals. For example, they may decide to pay a quarterly bonus (a percentage of individual sales) to sales teams that exceed their sales or revenue targets. Department heads should submit their plan to HR and the CEO for approval [within the first quarter of the year.]



Keep in mind that bonuses are subject to taxation (local, state and federal taxes.)



Make your free
salary verification letter


In the course of trying to rent an apartment or apply for a mortgage, one of your employees may need you to write a proof of employment letter.Sometimes this document is also called a salary. Read more


How it works


Create your document


Answer a few simple questions to make your document in minutes


Save, print & share


Save progress and finish on any device; download & print anytime



Securely sign online and invite others to sign


Making a salary verification letter


What is a salary verification letter?


In the course of trying to rent an apartment or apply for a mortgage, one of your employees may need you to write a proof of employment letter.


Sometimes this document is also called a salary verification letter or a confirmation letter. The form on this page offers an easy way for you to verify important salary and employment information on behalf of your employee.


How do I write a letter of employment for an apartment?


Rocket lawyer has created a free, customizable proof of employment letter template for you to use. Simply select your state, answer the relevant questions, and then you can save, sign, print, and download the letter when you are done.


Do you need proof of employment to rent an apartment?


Landlords or property management companies often require proof of income before renting a property to someone. The proof of income is typically required in addition to a good credit score and employment stability.


While you can still rent if you are unemployed or have a nontraditional source of income, you will likely have a harder time finding a landlord willing to accept your rental application.


What should a proof of employment letter say?


Many states have privacy restrictions regarding the kinds of data that employers are authorized to disclose to third parties. An employee may need to first sign a release form before the proof of employment letter can be sent.


Like any formal business correspondence, the proof of employment letter should be printed on official letterhead with the company's logo.


The proof of employment letter should include:



  • Employer's contact information

  • Employee's name

  • Employee's title

  • Employee's current salary

  • Dates of employment

  • Other relevant information as needed



In some cases, it may be prudent to include a statement with regard to the employee's future potential to remain employed, especially if the person has only recently joined the company. For example, "based on the employee's performance review, continued employment seems highly probable." however, if this has not explicitly been requested, then you may not need to include it.


How do I write a confirmation letter for employment?


A confirmation letter for employment is another name for proof of employment letter. Both of these documents are meant to confirm employment status or work history, typically for the purpose of engaging in a financial transaction of some kind.


If you have questions about the information being requested, an employment lawyer can help.





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