Combine the flour, baking soda and salt in small bowl. Set aside.
Beat the butter, granulated sugar, brown sugar and vanilla extract in large mixer bowl until creamy, scraping often. Add eggs one at a time, beating well after each addition. Gradually beat in flour mixture. Stir in chips, dried cherries and nuts by hand.
Drop dough by rounded tablespoon onto un-greased baking sheets. Bake for 9 to 11 minutes or until golden brown. Cool on baking sheets for 2 minutes. Place on wire racks to cool completely.
Pan Cookie - Grease a 15x10-inch pan. Prepare dough as above. Spread into prepared pan. Bake for 20 to 25 minutes or until golden brown. Cool in pan on wire rack. Makes 4 dozen bars