Request Letter for Bonus Cancellation

Request Letter for Bonus Cancellation

[Cancellation of bonus letter is written by an employer to the employee or employees stating that their bonus for the specified It is essential for you to mention the reason for cancellation. Below briefly describe on sample Request Letter for Bonus Cancellation. In this letter, the subject is written in a polite tone, and at the same time, it remains firm with the objective. This is a formal letter and thus should follow the basic formal format. It would be good if the letter is divided into three paragraphs, the introduction, body, and conclusion. You need to modify this sample according to your needs.]

From,

Sender/Your Name…

Job Designation and Department name…

Date: DD/MM/YY (Date on Which Letter is Written)

To,

Receiver name…

Job Designation and Department name…

Subject: Regarding the cancellation of the bonus

Respected (name),

As you all know the company is facing hurdles and is not in good shape at present. (Describe in your words).

(Mention all the instances you wish to state the tough times of the company.) (Describe the actual problem and situation).

We are extremely sorry to declare the news to you all, but this year we are forced and would not be able to give a bonus to any of the employees. (Explain all about the situation).

(Mention regrets about this decision and also mention that the company is aware of the hard work put in by the staff for completing the work.) (Cordially describe your greetings and expectation).

(Also, state that you will be compensating for this in some way or the other as soon the company transforms into a good shape)

Thanking you,

Yours Sincerely,

(Your name)

Job Designation and Department name…

Contact info. and Signature…

 

Another Format, [Email Format]

To: name@email.com

From: name@email.com

Subject: Regarding the cancellation of the bonus.

Respected (name),

This has been a difficult year for the (Company name). I am sure that you all know that the loss of our contracts with the (ABC group of Industries), due to the loss in data appropriations. (Describe in your words). This has affected the company to a great extent, and we are still recuperating.

In January (date), we had a major decision to make. (Describe the actual problem and situation). We were forced to eliminate one of our policies this year, which was our annual All-Employee bonus to each of our employees.

This will be the first year since YYYY that we will be unable to thank you for all your hard work and loyalty. (Explain all about the situation). We are all hoping that YYYY will be a prosperous year and that we will be able to reinstate our traditional All-Employee bonus policy.

We know that everyone has worked very hard this year and deserved a bonus, but the state of the company is not such that it affords a bonus. (Cordially describe your greetings and expectation). We would certainly compensate for this. Hope you all understand the situation and still show the same faith in the company.

Thanking you,

Yours Sincerely,

(Your name)

Job Designation and Department name…

Contact info…