Joining Bonus Letter with Retention Clause- [Free] Employee Compensation Examples | Form, Template Doc Pdf

Joining Bonus Letter with Retention Clause

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[Date]

[Recipient Name]

[Title]

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

 

Dear [Recipient Name].

 

We are pleased to welcome you on-board at our Company. We feel that your skills and background will be valuable assets to our team.

 

Per our discussion, the position is <DESIGNATION>. The enclosed employee handbook outlines the medical and retirement benefits that our company offers.

 

The Company is pleased to offer you a Joining Bonus of <AMOUNT>. You will be subjected to complete a minimum period of 2 years. If during the retention period, you wish to transition from your role, you will be subjected to forfeit the joining bonus paid to you and the amount will have to be paid back to the company.

 

A stamped, self-addressed envelope is enclosed for your convenience.

 

We look forward to welcoming you as a new employee at <YOUR COMPANY NAME>.

 

Sincerely,

 

 

 

[Your Name] [Title]

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