Free sample bonus cancelled letter template

This sample business letter template should be sent from a manager to an employee to inform him / her that they will not receive a bonus this year. The letter explains the background for the decision. It ends by explaining that the matter will be discussed in the annual manager / employee appraisal.
[date]

John Doe
ABC Corporation
Sometown
Somewhere, NA 12345

Dear John,

I regret to inform you that due to difficult market conditions, XYZ Corporation will be cutting back on our employee bonus program this year.

As I am sure you are aware the market has tightened considerably this year and as a result company bonuses are not a viable consideration for this financial year. I can confirm that this is in no way a reflection on your own performance.

I will discuss this matter in person when I meet you for your annual appraisal.

Sincerely,

[Signature]

A. N. Other
Director