<PAGE>   1
                                                                          EX-10Q

                                                           GENERAL FORM


                                              AMENDMENT dated as of August   ,
                                              1995 to the AGREEMENT dated as
                                              of               , 199 , (the
                                              "Agreement") between THE CHASE 
                                              MANHATTAN CORPORATION, a Delaware
                                              corporation (the "Company") and
                                                                   (the
                                              ---------------------
                                              "Executive").



     The Company and the Executive desire to amend the Agreement as follows:

1. Approved Change in Control. As used herein, the term "Approved Change in
Control" means any Change in Control occurring by reason of or upon the
occurrence of the transactions and events contemplated by the Merger Agreement.
"Merger Agreement" means any agreement or plan of merger or consolidation
between the Company and Chemical Banking Corporation that is approved by the
Boards of Directors of the Company and Chemical Banking Corporation on or before
September 30, 1995, as modified from time to time.

2. Good Reason. The parties hereto agree that, in the event of any Approved
Change in Control, the definition of "Good Reason" in Section 15(N) of the
Agreement, for purposes only of any such Approved Change in Control (and any
related Potential Change in Control), shall be as follows:

                   "Good Reason" for termination by the Executive of
                   the Executive's employment shall mean the
                   occurrence (without the Executive's express written
                   consent) of any one of the following acts, or
                   failure to act, unless, in the case of any act or
                   failure to act described in clause (I), (IV), (V),
                   (VI) or (VII) below, such act or failure to act is
                   corrected prior to the Date of Termination
                   specified in the Notice of Termination given in
                   respect thereof:


                        (I) a substantial diminution in the overall
                   importance of the Executive's role, as determined
                   by balancing (i) any increase or decrease in the
                   scope of the Executive's management
                   responsibilities against (ii) any increase or
                   decrease in the relative sizes of the businesses,
                   activities or functions (or portions thereof) for
                   which the Executive has responsibility; provided,
                   however, that none of (a) a change in the


<PAGE>   2

                   Executive's title or employer, (b) a change in
                   the Executive's position in the reporting hierarchy
                   and (c) a change in the Executive's
                   responsibilities from line to staff or vice versa,
                   shall, by itself, be considered Good Reason;

                        (II) a reduction in the Executive's Annual
                   Base Salary as in effect on the date hereof or as
                   the same may be increased from time to time;

                        (III) the relocation of the principal place of
                   the Executive's employment to a location that is
                   more than 50 miles from such principal place of
                   employment immediately prior to the Change in
                   Control (unless such relocation is to the New York
                   Metropolitan Area or from one location outside of
                   the United States to another location outside of
                   the United States);

                        (IV) the failure by the Company or a
                   subsidiary to pay to the Executive any portion of
                   the Executive's current compensation, or to pay to
                   the Executive any portion of an installment of
                   deferred compensation under any deferred
                   compensation program of the Company or a subsidiary
                   within seven (7) days of the date such compensation
                   is due;

                        (V) the failure by the Company or a subsidiary
                   to pay the Executive by February 15 following any
                   calendar year an annual cash bonus for such
                   calendar year that, in the reasonable, good faith
                   judgment of the Compensation Committee of the Board
                   of Directors of the Company or the Chairman of the
                   Company, fairly reflects the performance of the
                   Executive, any unit or units (or portions thereof)
                   for which the Executive was responsible and the
                   Company as a whole during such calendar year;
                   provided, however, that the Executive may not claim
                   that a bonus equal to or greater than the highest
                   annual bonus paid to the Executive for any of the
                   three calendar years immediately preceding the
                   Change in Control does not fairly and in good faith
                   reflect such performance;

                        (VI) the failure by the Company or a
                   subsidiary to include the Executive in any other
                   employee benefit or compensation plan or
                   arrangement on a basis reasonably comparable to
                   that of other executives of the Company having
                   responsibilities of equal importance to those of
                   the Executive; provided, however, that failure to

                                       2

<PAGE>   3


                   include the Executive in a plan or arrangement
                   designed for a general category of positions that
                   does not include the Executive's position, as
                   determined in good faith by the Compensation
                   Committee of the Board of Directors of the Company
                   or the Chairman of the Company, shall not be
                   considered Good Reason; or


                        (VII) any purported termination of the
                   Executive's employment which is not effected
                   pursuant to a Notice of Termination satisfying the
                   requirements of Section 7.01; for purposes of this
                   Agreement, no such purported termination shall be
                   effective.


                        The Executive's right to terminate the
                   Executive's employment for Good Reason shall not be
                   affected by the Executive's incapacity due to
                   physical or mental illness. The Executive's
                   continued employment shall not constitute consent
                   to, or a waiver of rights with respect to, any act
                   or failure to act constituting Good Reason
                   hereunder.


3. Extension of Term with Respect to Payment of Bonuses. In the event there
shall have occurred any Approved Change in Control, the parties hereto agree
that, with respect to any calendar year more than six months of which fall
within the 24 month term of the Agreement commencing on the date of the last
such Approved Change in Control, the term of the Agreement shall be further
extended to March 1 of the next calendar year solely with respect to any Notice
of Termination given by the Executive regarding any bonus the payment or
non-payment of which constitutes Good Reason under clause (V) of the definition
of "Good Reason" set forth in Section 2 of this Amendment.

4. Waiver of Notice Not to Extend. Each party hereto waives its right under
Section 2 of the Agreement to serve notice not to extend the Agreement with
respect to the calendar year commencing January 1, 1996. The parties hereto
acknowledge and agree that the Agreement, as amended by this Amendment, shall
automatically renew for an additional one year term commencing January 1, 1996.

5. Limited Effect of Amendment. The parties hereto agree that the definition of
"Good Reason" set forth in Section 2 of this Amendment shall apply only in the
event of and with respect to an Approved Change in Control (and any related
Potential Change in Control) and that such definition of "Good Reason" shall not
apply to any other Change in Control, whether such other Change in Control
occurs before or after the Approved Change in Control. In the event such other
Change in Control shall occur,

                                       3

<PAGE>   4

the provisions of Sections 2 and 3 of this Amendment shall have no effect.

6. Miscellaneous. Capitalized terms used and not defined in this Amendment have
the meanings assigned to them in the Agreement. This Amendment shall be
effective as of the date hereof, may be executed in counterparts, and shall be
governed by and construed in accordance with the laws of the State of New York.


         The parties hereto have executed this Amendment as of the date first
above written.

                                  THE CHASE MANHATTAN CORPORATION

                                  By: 
                                     ----------------------------
                                     John J. Farrell
                                     Executive Vice President
                                  


                                   ------------------------------



                                       4