CATHAY GENERAL BANCORP
2005 INCENTIVE PLAN
STOCK OPTION AGREEMENT (NONSTATUTORY)
THIS STOCK OPTION AGREEMENT (the “Agreement”), dated , 20 (“Grant Date”), between Cathay General
Bancorp, a Delaware corporation (the “Company”), and <NONEMPLOYEE DIRECTOR> (“Optionee”), is entered into as follows:
WHEREAS, the Company has established the 2005 Incentive Plan (the “Plan”); and
WHEREAS, the Executive Compensation Committee or Equity Incentive Committee of the Board of Directors of the
Company or its delegates (the “Committee”) has determined that Optionee shall be granted an option under the Plan as
hereinafter set forth;
The parties hereby agree that the Company grants, effective as of the Grant Date, Optionee a nonstatutory (nonqualified)
stock option (this “Option”) to purchase <SHARES> shares of its $0.01 par value Common Stock (the “Shares”) upon the terms
and conditions set forth in this Agreement.
1. Plan Award . This Option is granted under and pursuant to the Plan and is subject to each and all of the provisions thereof.
Capitalized terms used but not defined in this Agreement have the meanings assigned to them in the Plan.
2. Exercise Price . The exercise price applicable to this Option (meaning, the price Optionee must pay in order to purchase any
Shares hereunder) shall be $ per Share.
3. Transferability . This Option is not transferable by Optionee otherwise than by will or the laws of descent and distribution,
and is exercisable only by Optionee during his or her lifetime. This Option may not be transferred, assigned, pledged or
hypothecated by Optionee during his or her lifetime, whether by operation of law or otherwise, and is not subject to execution,
attachment or similar process.
4. Vesting and Exercise of Option . Subject to Optionee’s not experiencing a Cessation of Service during the following vesting
term, Optionee shall vest and earn the right to exercise this Option o