Easy Clipping Mask

 

This utility creates a clipping mask from the current layer (serving as a mask) and the rest of composite image.

1. In the Layers palette, select the "masking" (e.g., "shape" or "type") layer, as it's shown on the screenshot 1.
2. In the Effects panel, double-click the "Easy Clipping Mask" script.
3. If necessary, adjust the position of the "Mask" and "Image" layers.