EX-10.21 3 ex_105973.htm EXHIBIT 10.2.1

Exhibit 10.2.1

AMENDMENT NO. 1

TO THE

CATHAY BANK

EMPLOYEE STOCK OWNERSHIP PLAN

Cathay General Bancorp (the "Company") hereby amends the above-named plan

(the "Plan"), effective as of August 1, 2016, as follows:

1. Section 6.1 (b) of the Plan is hereby amended by deleting the reference to "$5,000" 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 "$5,000" where it appears and replacing it with "$1 ,000."

3. Section 6.7 of the Plan is hereby deleted in its entirety.

4. Section 9.4(c) of the Plan is hereby amended by deleting the reference to "$5,000" where it appears and replacing it with "$1,000."

* * * * * * * *

The Company has caused this Amendment No. 1 to be signed on the date indicated below, to be effective as indicated above.

| "Company" |
Dated: August 18, 2016 | CATHAY GENERAL BANCORP |
| By | /s/ Dunson K. Cheng |
| Its | Chairman, CEO and President |