Cathay Bank Bonus Deferral AgreementBonus Deferral Agreement • March 30th, 2005 • Cathay General Bancorp • State commercial banks • California
This Bonus Deferral Agreement (Agreement), dated effective as of November 23, 2004, between Dunson Cheng, Chairman, President, & CEO of Cathay General Bancorp and Cathay Bank (the Executive), and Cathay General Bancorp and Cathay Bank (collectively, the Company) constitutes the agreement between the Executive and the Company for the deferral by the Executive of payment of that portion of the Executive’s incentive bonus for 2004 in excess of $225,000 (Deferred Amount) to January 1 of the first year following the Executive’s separation from service from the Company.
