Amendment No. 5 to the Cathay Bank Employee Stock Ownership Plan
Cathay General Bancorp has amended its Employee Stock Ownership Plan, effective March 28, 2005. This amendment lowers certain monetary thresholds in Sections 6.1(b), 6.2(a)(ii)(B), and 9.4(c) of the plan from $3,500 (or $5,000 for certain years) to $1,000. The amendment is executed by the company's Secretary, Michael M.Y. Chang, and is intended to update the plan's terms regarding these specific financial references.
Exhibit 10.2.5
AMENDMENT NO. 5
TO THE
CATHAY BANK EMPLOYEE STOCK OWNERSHIP PLAN
Cathay General Bancorp (the “Company”) hereby amends the above-named plan (the “Plan”), effective as of March 28, 2005, as follows:
1. Section 6.1(b) of the Plan is hereby amended by deleting the reference to “$3,500 (or $5,000 for Plan Years beginning after August 5, 1997)” where it appears and replacing it with “$1,000”.
2. Section 6.2(a)(ii)(B) of the Plan is hereby amended by deleting the reference to “$3,500 (or $5,000 for Plan Years beginning after August 5, 1997)” where it appears and replacing it with “$1,000”.
3. Section 9.4(c) of the Plan is hereby amended by deleting the reference to “$3,500 (or $5,000 for Plan Years beginning after August 5, 1997)” where it appears and replacing it with “$1,000”.
* * * * *
The Company has caused this Amendment No. 5 to be signed on the date indicated below, to be effective as indicated above.
| “Company” | ||||||||
| CATHAY GENERAL BANCORP | ||||||||
| Dated: November 17, 2005 | By: | /s/ Michael M.Y. Chang | ||||||
| Michael M.Y. Chang | ||||||||
| Its: | Secretary | |||||||
