Far East Bank (FEB) is one of the leading banks in the country. Its compensation and bonus packages are top of the industry. For the last 6 years, FEB had been providing the following bonuses across-the-board to all its employees:

a. 13th month pay;
b. 14th to 18th month pay;
c. Christmas basket worth P6,000;
d. Gift check worth P4,000; and
e. Productivity-based incentive ranging from a 20% to 40% increase in gross monthly salary for all employees who would receive an evaluation of "Excellent" for 3 straight quarters in the same year.

Because of its poor performance overall, FEB decided to cut back on the bonuses this year and limited itself to the following:

a. 13th month pay;
b. 14th month pay;
c. Christmas basket worth P4,000; and
d. Gift check worth P2,000.

Katrina, an employee of FEB, who had gotten a rating of "Excellent" for the last 3 quarters was looking forward to the bonuses plus the productivity incentive bonus. After learning that FEB had modified the bonus scheme, she objected. Is Katrina's objection justified? Explain. (2015 BAR)