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Exhibit 10.2.2
AMENDMENT NO.2
TO THE
CATHAY BANK
EMPLOYEE STOCK OWNERSHIP PLAN
Cathay General Bancorp (the "Company") hereby amends the above-named plan (the "Plan"), effective as of January 1, 2017, as follows:
1. Subsection (iv) of Section 6.2(a) of the Plan is hereby amended in its entirety to read as follows:
"(iv) Despite any other provision of the Plan, the benefits in the Participant's Stock Account that consist of Stock in an S Corporation shall be distributed in the form of cash. Any benefits in the Participant's Stock Account that do not consist of Stock in an S Corporation shall also be distributed in the form of cash, unless such Participant elects to receive his or her benefits in the form of Stock."
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The Company has caused this Amendment No. 2 to be signed on the date indicated below, to be effective as indicated above.
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Dated: August 18, 2017 | CATHAY GENERAL BANCORP | ||
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| By | /s/ Pin Tai |
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| Its | CEO and President |
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