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                                                                   EXHIBIT 10.20

                   SUMMARY OF EXECUTIVE LIFE INSURANCE PROGRAM

         Executives of FirstMerit Corporation ("Corporation") are eligible for
group life insurance coverage of $50,000. In addition, a Variable Adjustable
Life Insurance Policy is issued to and owned by the executive in the
pre-retirement death benefit amount of $500,000. The beneficiary of this
Variable Life Policy is at the discretion of the executive. Premiums on this
life insurance policy are paid by the Corporation during the time while the
executive is actively a member of the FirstMerit Executive Committee and until
his/her retirement. If the executive should leave the Corporation or cease to be
a member of the FirstMerit Executive Committee, for reasons other than
retirement, premium payments will cease to be the obligation of the Corporation
and the executive will assume full responsibility for all future premium
payments necessary to maintain the policy.

         Upon retirement, the $50,000 group portion will cease. The individual
Variable Adjustable Life Policy, explained above, is targeted to provide an
amount of death benefit in retirement based upon the executive's age at the time
of entry into the Executive Committee, and based upon an assumed interest or
investment rate of return in the policy. If entry to the Executive Committee is
prior to age 55, the post-retirement death benefit is targeted to be $500,000.
If entry is between age 55 and 59, the post-retirement death benefit is targeted
to be $350,000. If entry is at or after age 60, the post-retirement death
benefit is targeted to be $200,000. This policy has many options for the
executive to consider with regards to investment options.<PAGE>
                                                                   EXHIBIT 10.21

                             FIRSTMERIT CORPORATION
                            LONG TERM DISABILITY PLAN

                        SECTION 1 - POLICY SPECIFICATIONS

1.       Description of Eligible Classes

         Class 1  All Full-time salaried employees
         Class 2  All members of FBOH Executive Committee

2.       Amounts of Insurance

         Class 1

OPTION A 50% (benefit percentage) of basic monthly earnings not to exceed the
maximum monthly benefit, less other income benefits.

OPTION B 60% (benefit percentage) of basic monthly earnings not to exceed the
maximum monthly benefit, less other income benefits.

OPTION C 70% (benefit percentage) of basic monthly earnings not to exceed the
maximum monthly benefit, less other income benefits.

         Note: This benefit is subject to reductions for earnings as provided in
         the Monthly Benefit section of this Policy.

The maximum monthly benefit is $15,000.

         Class 2

OPTION A

66 2/3% (benefit percentage) of basic monthly earnings not to exceed the maximum
monthly benefit, less other income benefits.

         Note: This benefit is subject to reductions for earnings as provided in
         the Monthly Benefit section of this policy.

The maximum monthly benefit is $25,000.

FOR ALL OPTIONS

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The minimum monthly benefit is the greater of:

1.       $100.00; or

2.       10% of the monthly benefit before deductions for other income benefits.

Maximum Benefit Period

Class 1 & 2

                    Age at Disability                  Maximum Benefit Period
                    -----------------                  ----------------------
                     Less than age 60                     To age 65 but not
                                                         less than 60 months
                            60                                60 months
                            61                                48 months
                            62                                42 months
                            63                                36 months
                            64                                30 months
                            65                                24 months
                            66                                21 months
                            67                                18 months
                            68                                15 months
                       69 and Over                            12 months

Elimination Period

         180 days

Minimum Requirement for Active Employment:  30 hours per week
Definition of Basic Monthly Earnings

Class 1

"Basic monthly earnings" means the insured's monthly rate of earnings from the
employer in effect just prior to the date disability begins. It does not include
commissions, bonuses, overtime pay and other extra compensation.

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Class 2

"Basic monthly earnings" means the insured's monthly rate of earnings from the
employer in effect just prior to the date disability begins. It includes
bonuses, but not commissions, overtime pay or other extra compensation.

Bonuses will be averaged for the lesser of:

1.       the 12 month period of employment just prior to the date disability
         begins; or

2.       the period of employment.

WAITING PERIOD:

1.       Employees in an eligible class on or before the policy effective date:

         Class 1: 90 days of employment.

         Class 2: None

2.       Employees entering an eligible class after the policy effective date:

         Class 1: 90 days of employment.

         Class 2: None

The employee must be in continuous active employment in an eligible class during
the specified waiting period.

Contributions:

         Class 1

         Both the employer and the employees pay for the plan.

         Class 2

         The employer pays for the plan.

Note:    Coverage for which contributions are required applies only if proper
         enrollment is made and the required contributions are made.

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Class 1

MENTAL ILLNESS LIMITATION

Benefits for disability due to mental illness will not exceed 24 months of
monthly benefit payments unless the insured meets one of these situations.

1.       The insured is in a hospital or institution at the end of the 24-month
         period. The monthly benefit will be paid during the confinement.

         If the insured is still disabled when he is discharged, the monthly
         benefit will be paid for a recovery period of up to 90 days.

         If the insured becomes reconfined during the recovery period for at
         least 14 days in a row, benefits will be paid for the confinement and
         another recovery period up to 90 more days.

2.       The insured continues to be disabled and becomes confined:

         a.       after the 24-month period; and

         b.       for at least 14 days in a row.

         The monthly benefit will be payable during the confinement.

The monthly benefit will not be payable beyond the maximum benefit period.

"Hospital" or "Institution" means facilities licensed to provide care and
treatment for the condition causing the insured's disability.

"Mental Illness" means mental, nervous or emotional diseases or disorders of any
type.

Class 2

NO MENTAL ILLNESS LIMITATIONS

Class 2

COST OF LIVING ADJUSTMENT

Eligibility
-----------

An insured will be eligible for cost of living adjustments on the first
anniversary of benefit payments and each following anniversary. But not more
than 10 adjustments may be made during the insured's benefit period.

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Adjustment Amount
-----------------

The Insured's net monthly benefit will be increased by 5%.

Each adjustment will be added to the insured's net monthly benefit and will be
paid monthly.

Maximum Monthly Benefit
-----------------------

Cost of living adjustment increases are not subject to the maximum monthly
benefit.

Net Monthly Benefit
-------------------

The net monthly benefit means the amount determined by reducing the insured's
amount of insurance by other income benefits and any reductions for earnings.
The net monthly benefit will be determined each month. For the purpose of
calculating adjustments, the net monthly benefit will include any prior cost of
living adjustments.<PAGE>
                                                                   EXHIBIT 10.24

                                RESTRICTED STOCK
                                 AWARD AGREEMENT

         This Award Agreement is effective as of the 1st day of March, 1995
("Date of Award"), between FirstMerit Corporation, an Ohio corporation (the
"Company"), and John R. Cochran (the "Grantee"). In consideration of the
agreements set forth below, the Company and the Grantee agree as follows:

         1. GRANT. A restricted stock award ("Award") of 12,500 shares ("Award
Shares") of the Company's common stock, no par value ("Common Stock"), is hereby
granted by the Company to the Grantee subject to the following terms and
conditions and to the provisions of the FirstMerit Corporation 1995 Restricted
Stock Plan (the "Plan"), the terms of which are hereby incorporated by
reference.

         2. TRANSFER RESTRICTIONS. None of the Award Shares shall be sold,
assigned or transferred, in whole or in part, voluntarily or involuntarily, by
the Grantee, nor made subject to any lien (except as provided in Section 6,
below), directly or indirectly, by operation of law or otherwise, including
execution, levy, garnishment, attachment, pledge or bankruptcy.

         3. RELEASE OF RESTRICTIONS.

                  (A) The restrictions set forth in Section 2 above shall lapse
         as follows:

                           (i) with respect to 4,167 Award Shares, on the
                  anniversary of this Award Agreement in the year 2001;

                           (ii) with respect to 4,167 Award Shares, on the
                  anniversary of this Award Agreement in the year 2002;

                           (iii) with respect to 4,166 Award Shares, on the
                  anniversary of this Award Agreement in the year 2003;

                  (B) The restrictions set forth in Section 2 above with respect
         to the Award Shares, to the extent they have not lapsed in accordance
         with subsection 3(A) and to the extent not related to shares which
         previously have been forfeited to the Company, shall lapse on the first
         to happen of the following:

                           (i) the Grantee's employment with the Company is
                  terminated following a Change of Control, or by reason of
                  death, Disability (as defined in the long-term disability
                  program of the Company applicable to Grantee at the time of
                  such Disability), Termination Without Cause (as defined in
                  that certain Employment Agreement effective March 1, 1995
                  between the Company and Grantee (the "Employment Agreement"))
                  or Termination for Good Reason (as defined in the Employment
                  Agreement); or

                           (ii) an action by the Committee, in its sole
                  discretion, terminating such restrictions.

         4. FORFEITURE. The Award Shares shall be forfeited to the Company upon
the Grantee's termination of employment with the Company and its subsidiaries
prior to the date the restrictions lapse as provided in Section 3 above.

         5. RIGHTS AS SHAREHOLDER. The Grantee shall be entitled to all of the
rights of a shareholder with respect to the Award Shares including the right to
vote such shares and to receive dividends and other distributions payable with
respect to such shares since the Date of Award.

         6. ESCROW OF SHARE CERTIFICATES. For the purposes of securing the
re-transfer of the shares into the name of the Company in the event of
forfeiture and to ensure adequate provision

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for any tax withholding obligations arising with respect to the Award,
certificates for the Award Shares shall be issued in the Grantee's name and
shall be held in escrow by, and subject to a security interest in favor of, the
Company until restrictions with respect to such shares lapse and all withholding
obligations have been satisfied or such shares are forfeited as provided herein;
provided, however, that the terms of such escrow shall make allowance for the
transactions contemplated by Section 3(B)(i) above. A certificate or
certificates representing the Award Shares as to which restrictions have lapsed
shall be delivered to the Grantee upon such lapse and the satisfaction of any
withholding obligations.

         7. GOVERNMENT REGULATIONS. Notwithstanding anything contained herein to
the contrary, the Company's obligation to issue or deliver certificates
evidencing the Award Shares shall be subject to all applicable laws, rules and
regulations and to such approvals by any governmental agencies or national
securities exchanges as may be required.

         8. WITHHOLDING TAXES. The Company shall have the right to require the
Grantee to remit to the Company, or to withhold from other amounts payable to
the Grantee, as compensation or otherwise, an amount sufficient to satisfy all
federal, state and local withholding tax requirements.

         9. GOVERNING LAW. This Agreement shall be construed under the laws of
the State of Ohio.

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         IN WITNESS WHEREOF, the Company has caused the Award to be granted
pursuant to this Award Agreement on the date first above written.

                                   FIRSTMERIT CORPORATION

                                   By: /s/ Howard L. Flood
                                       ----------------------------------------
                                            Howard L. Flood, Chairman

Accepted:

GRANTEE:

/s/ John R. Cochran
---------------------------
John R. Cochran
Date: March 1, 1995

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