Festival Bonus Letter With Neccessary Clauses-[Free] Hr Letter For Employee | Sample Format | Templates Doc, Pdf

Festival Bonus Letter With Neccessary Clauses Format Template For Employee, Download Free Doc Pdf File Example

Festival Bonus Letter With Neccessary Clauses Word Text Document Format

 

FESTIVAL BONUS LETTERS WITH NECESSARY CLAUSES

 

[Date]

[Recipient Name]

[Title]

[Street Address] [City, ST, ZIP Code]

 

Dear [Recipient Name].

 

This year has really been a handful globally with the onset of Covid-19 pandemic and it surely has been hard on the company as well. The company hereby wants to express their deepest gratitude to you for being a strong part of our journey.

 

To show our appreciation and with the auspicious festival of Diwali, the Company has decided for a Bonus pay-out of <PERCENTAGE>% on your annual CTC.

 

Applicability:

  1. The Bonus shall only be applicable to employees who have completed a minimum of < of months> months in the current financial year
  2. The Bonus shall be paid out with your next monthly salary
  3. The Bonus shall be pro-rated according to number of months completed in this Financial Year
  4. No Bonus amount shall be paid to employees serving their notice period or have been terminated from the company on or before the date of announcement of the Bonus

 

Please feel free to contact us if there is a need for any question or additional information that you think is required.

 

Sincerely,

 

NAME
DESIGNATION

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